HOYY vs. NVD
HOYY (GraniteShares YieldBOOST HOOD ETF) and NVD (GraniteShares 2x Short NVDA Daily ETF) are both exchange-traded funds - HOYY is a Derivative Income fund actively managed by GraniteShares, while NVD is a Inverse Equities fund actively managed by GraniteShares. Both are actively managed. At a correlation of -0.47, they often move in opposite directions. HOYY charges 1.07%/yr vs 1.50%/yr for NVD.
Performance
HOYY vs. NVD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with HOYY having a -27.39% return and NVD slightly higher at -26.99%.
HOYY
- 1D
- -0.68%
- 1M
- 5.20%
- YTD
- -27.39%
- 6M
- -33.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVD
- 1D
- 8.30%
- 1M
- 10.83%
- YTD
- -26.99%
- 6M
- -24.81%
- 1Y
- -61.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOYY vs. NVD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HOYY GraniteShares YieldBOOST HOOD ETF | -27.39% | -23.57% |
NVD GraniteShares 2x Short NVDA Daily ETF | -26.99% | -12.49% |
Correlation
The correlation between HOYY and NVD is -0.47, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025 | -0.47 |
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Return for Risk
HOYY vs. NVD — Risk / Return Rank
HOYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NVD
HOYY vs. NVD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST HOOD ETF (HOYY) and GraniteShares 2x Short NVDA Daily ETF (NVD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HOYY | NVD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.85 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.89 | — |
| Martin ratioReturn relative to average drawdown | — | -1.39 | — |
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Drawdowns
HOYY vs. NVD - Drawdown Comparison
The maximum HOYY drawdown since its inception was -51.54%, smaller than the maximum NVD drawdown of -99.26%. Use the drawdown chart below to compare losses from any high point for HOYY and NVD.
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Drawdown Indicators
| HOYY | NVD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.54% | -99.26% | +47.72% |
Max Drawdown (1Y)Largest decline over 1 year | — | -69.44% | — |
Current DrawdownCurrent decline from peak | -47.99% | -99.02% | +51.03% |
Average DrawdownAverage peak-to-trough decline | -33.51% | -81.86% | +48.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 47.02% | — |
Volatility
HOYY vs. NVD - Volatility Comparison
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Volatility by Period
| HOYY | NVD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 26.72% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 54.57% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 35.82% | 71.22% | -35.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.82% | 92.58% | -56.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.82% | 92.58% | -56.76% |
HOYY vs. NVD - Expense Ratio Comparison
HOYY has a 1.07% expense ratio, which is lower than NVD's 1.50% expense ratio.
Dividends
HOYY vs. NVD - Dividend Comparison
HOYY's dividend yield for the trailing twelve months is around 194.22%, more than NVD's 16.20% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
HOYY GraniteShares YieldBOOST HOOD ETF | 194.22% | 50.51% | 0.00% | 0.00% |
NVD GraniteShares 2x Short NVDA Daily ETF | 16.20% | 11.83% | 8.68% | 15.78% |
Frequently Asked Questions
HOYY and NVD have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HOYY is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HOYY is cheaper with a 1.07% expense ratio, compared with 1.50% for NVD.
HOYY has the higher dividend yield at 194.22%, compared with 16.20% for NVD.
HOYY is categorized as Derivative Income, while NVD is Inverse Equities. Their fees differ too: 1.07% for HOYY and 1.50% for NVD.
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