IBMN vs. NVDY
IBMN (iShares iBonds Dec 2025 Term Muni Bond ETF) and NVDY (YieldMax NVDA Option Income Strategy ETF) are both exchange-traded funds - IBMN is a Municipal Bonds fund tracking the S&P AMT-Free Municipal Series Dec 2025 Index, while NVDY is a Derivative Income fund actively managed by YieldMax. IBMN is passively managed, while NVDY is actively managed. Over the past 3 years, IBMN returned 2.40%/yr vs 55.07%/yr for NVDY. At a 0.00 correlation, their price movements are largely independent. IBMN charges 0.18%/yr vs 0.99%/yr for NVDY.
Performance
IBMN vs. NVDY - Performance Comparison
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Returns By Period
IBMN
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 1.20%
- 3Y*
- 2.40%
- 5Y*
- 0.47%
- 10Y*
- —
NVDY
- 1D
- 1.27%
- 1M
- 7.84%
- YTD
- 14.49%
- 6M
- 17.01%
- 1Y
- 47.85%
- 3Y*
- 55.07%
- 5Y*
- —
- 10Y*
- —
IBMN vs. NVDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBMN iShares iBonds Dec 2025 Term Muni Bond ETF | 0.00% | 2.49% | 2.33% | 1.79% |
NVDY YieldMax NVDA Option Income Strategy ETF | 14.49% | 27.38% | 114.23% | 42.02% |
Correlation
The correlation between IBMN and NVDY is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since May 12, 2023 | 0.00 |
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Return for Risk
IBMN vs. NVDY — Risk / Return Rank
IBMN
NVDY
IBMN vs. NVDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2025 Term Muni Bond ETF (IBMN) and YieldMax NVDA Option Income Strategy ETF (NVDY). 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.
| IBMN | NVDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.29 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 6.02 | 3.75 | +2.26 |
| Martin ratioReturn relative to average drawdown | 24.18 | 9.22 | +14.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBMN | NVDY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 1.76 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 1.65 | -1.07 |
Drawdowns
IBMN vs. NVDY - Drawdown Comparison
The maximum IBMN drawdown since its inception was -12.40%, smaller than the maximum NVDY drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for IBMN and NVDY.
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Drawdown Indicators
| IBMN | NVDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.40% | -34.08% | +21.68% |
Max Drawdown (1Y)Largest decline over 1 year | -0.25% | -12.81% | +12.56% |
Max Drawdown (3Y)Largest decline over 3 years | -1.10% | -34.08% | +32.98% |
Max Drawdown (5Y)Largest decline over 5 years | -7.36% | — | — |
Current DrawdownCurrent decline from peak | -0.05% | -5.47% | +5.42% |
Average DrawdownAverage peak-to-trough decline | -1.81% | -6.15% | +4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.10% | 5.21% | -5.11% |
Volatility
IBMN vs. NVDY - Volatility Comparison
The current volatility for iShares iBonds Dec 2025 Term Muni Bond ETF (IBMN) is 0.00%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 9.43%. This indicates that IBMN experiences smaller price fluctuations and is considered to be less risky than NVDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBMN | NVDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 9.43% | -9.43% |
Volatility (6M)Calculated over the trailing 6-month period | 0.50% | 20.71% | -20.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.71% | 27.33% | -26.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.79% | 38.22% | -36.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.89% | 38.22% | -34.33% |
IBMN vs. NVDY - Expense Ratio Comparison
IBMN has a 0.18% expense ratio, which is lower than NVDY's 0.99% expense ratio.
Dividends
IBMN vs. NVDY - Dividend Comparison
IBMN's dividend yield for the trailing twelve months is around 1.14%, less than NVDY's 62.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBMN iShares iBonds Dec 2025 Term Muni Bond ETF | 1.14% | 2.03% | 2.03% | 1.72% | 0.97% | 0.70% | 1.11% | 1.65% | 0.23% |
NVDY YieldMax NVDA Option Income Strategy ETF | 62.14% | 83.10% | 83.65% | 22.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBMN and NVDY have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDY has higher volatility (9.43%) compared to IBMN (0.00%). In terms of maximum drawdown, IBMN dropped -12.40% vs NVDY's -34.08%.
On 3-year performance, NVDY leads with 55.07% vs 2.40% for IBMN. On fees, IBMN is cheaper at 0.18% per year. On volatility, IBMN has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, NVDY has performed better with a 55.07% return vs 2.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBMN is cheaper with a 0.18% expense ratio, compared with 0.99% for NVDY.
NVDY has the higher dividend yield at 62.14%, compared with 1.14% for IBMN.
IBMN is categorized as Municipal Bonds, while NVDY is Derivative Income. They also come from different issuers: iShares and YieldMax. Their fees differ too: 0.18% for IBMN and 0.99% for NVDY.
IBMN currently has the higher Sharpe Ratio (2.12 vs 1.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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