IVV vs. NVDY
IVV (iShares Core S&P 500 ETF) and NVDY (YieldMax NVDA Option Income Strategy ETF) are both exchange-traded funds - IVV is a S&P 500 fund tracking the S&P 500 Index, while NVDY is a Derivative Income fund actively managed by YieldMax. IVV is passively managed, while NVDY is actively managed. Over the past 3 years, IVV returned 20.95%/yr vs 51.33%/yr for NVDY. A 0.62 correlation means they provide meaningful diversification when combined. IVV charges 0.03%/yr vs 0.99%/yr for NVDY.
Performance
IVV vs. NVDY - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with IVV having a 9.08% return and NVDY slightly lower at 8.91%.
IVV
- 1D
- 0.55%
- 1M
- -0.08%
- YTD
- 9.08%
- 6M
- 9.43%
- 1Y
- 24.38%
- 3Y*
- 20.95%
- 5Y*
- 13.42%
- 10Y*
- 15.47%
NVDY
- 1D
- 0.08%
- 1M
- -7.09%
- YTD
- 8.91%
- 6M
- 14.71%
- 1Y
- 36.80%
- 3Y*
- 51.33%
- 5Y*
- —
- 10Y*
- —
IVV vs. NVDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IVV iShares Core S&P 500 ETF | 9.08% | 17.85% | 24.93% | 16.57% |
NVDY YieldMax NVDA Option Income Strategy ETF | 8.91% | 27.38% | 114.23% | 41.31% |
Correlation
The correlation between IVV and NVDY is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since May 11, 2023 | 0.62 |
The correlation between IVV and NVDY has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IVV vs. NVDY — Risk / Return Rank
IVV
NVDY
IVV vs. NVDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 ETF (IVV) 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.
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.
| IVV | NVDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.23 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 2.89 | -0.13 |
| Martin ratioReturn relative to average drawdown | 12.43 | 6.79 | +5.65 |
Loading charts...
Drawdowns
IVV vs. NVDY - Drawdown Comparison
The maximum IVV drawdown since its inception was -55.25%, which is greater than NVDY's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for IVV and NVDY.
Loading charts...
Drawdown Indicators
| IVV | NVDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.25% | -34.08% | -21.17% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -12.81% | +3.92% |
Max Drawdown (3Y)Largest decline over 3 years | -18.75% | -34.08% | +15.33% |
Max Drawdown (5Y)Largest decline over 5 years | -24.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.90% | — | — |
Current DrawdownCurrent decline from peak | -2.35% | -10.09% | +7.74% |
Average DrawdownAverage peak-to-trough decline | -10.77% | -6.17% | -4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 5.44% | -3.47% |
Volatility
IVV vs. NVDY - Volatility Comparison
The current volatility for iShares Core S&P 500 ETF (IVV) is 4.37%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 10.45%. This indicates that IVV 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.
Loading charts...
Volatility by Period
| IVV | NVDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.37% | 10.45% | -6.08% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 21.66% | -12.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.28% | 28.06% | -15.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 38.24% | -21.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 38.24% | -20.16% |
IVV vs. NVDY - Expense Ratio Comparison
IVV has a 0.03% expense ratio, which is lower than NVDY's 0.99% expense ratio.
Dividends
IVV vs. NVDY - Dividend Comparison
IVV's dividend yield for the trailing twelve months is around 1.08%, less than NVDY's 66.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVV iShares Core S&P 500 ETF | 1.08% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
NVDY YieldMax NVDA Option Income Strategy ETF | 66.87% | 83.10% | 83.65% | 22.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IVV and NVDY have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDY has higher volatility (10.45%) compared to IVV (4.37%). In terms of maximum drawdown, IVV dropped -55.25% vs NVDY's -34.08%.
On 3-year performance, NVDY leads with 51.33% vs 20.95% for IVV. On fees, IVV is cheaper at 0.03% per year. On volatility, IVV has been the lower-risk option at 4.37%. 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 51.33% return vs 20.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVV is cheaper with a 0.03% expense ratio, compared with 0.99% for NVDY.
NVDY has the higher dividend yield at 66.87%, compared with 1.08% for IVV.
IVV is categorized as S&P 500, while NVDY is Derivative Income. They also come from different issuers: iShares and YieldMax. Their fees differ too: 0.03% for IVV and 0.99% for NVDY.
IVV currently has the higher Sharpe Ratio (2.00 vs 1.32), 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.
Find the right allocation for IVV and NVDY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer