IWML vs. NVDY
Compare and contrast key facts about ETRACS 2x Leveraged US Size Factor TR ETN (IWML) and YieldMax NVDA Option Income Strategy ETF (NVDY).
IWML and NVDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWML is a passively managed fund by UBS that tracks the performance of the Russell 2000 Index. It was launched on Feb 4, 2021. NVDY is an actively managed fund by Tidal. It was launched on May 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IWML or NVDY.
Key characteristics
| IWML | NVDY | |
|---|---|---|
| YTD Return | 6.72% | 61.62% |
| 1Y Return | 37.17% | 124.58% |
| Sharpe Ratio | 0.85 | 3.38 |
| Daily Std Dev | 39.38% | 37.57% |
| Max Drawdown | -60.06% | -16.37% |
| Current Drawdown | -35.18% | -0.22% |
Correlation
The correlation between IWML and NVDY is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IWML vs. NVDY - Performance Comparison
In the year-to-date period, IWML achieves a 6.72% return, which is significantly lower than NVDY's 61.62% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IWML vs. NVDY - Expense Ratio Comparison
IWML has a 0.95% expense ratio, which is lower than NVDY's 0.99% expense ratio.
Risk-Adjusted Performance
IWML vs. NVDY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS 2x Leveraged US Size Factor TR ETN (IWML) 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.
Dividends
IWML vs. NVDY - Dividend Comparison
IWML has not paid dividends to shareholders, while NVDY's dividend yield for the trailing twelve months is around 51.19%.
| TTM | 2023 | |
|---|---|---|
IWML ETRACS 2x Leveraged US Size Factor TR ETN | 0.00% | 0.00% |
NVDY YieldMax NVDA Option Income Strategy ETF | 51.19% | 22.32% |
Drawdowns
IWML vs. NVDY - Drawdown Comparison
The maximum IWML drawdown since its inception was -60.06%, which is greater than NVDY's maximum drawdown of -16.37%. Use the drawdown chart below to compare losses from any high point for IWML and NVDY. For additional features, visit the drawdowns tool.
Volatility
IWML vs. NVDY - Volatility Comparison
The current volatility for ETRACS 2x Leveraged US Size Factor TR ETN (IWML) is 9.03%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 17.03%. This indicates that IWML 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.