IWMY vs. NVDW

Last updated Jun 9, 2026

IWMY (Defiance R2000 Enhanced Options & 0DTE Income ETF) and NVDW (Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF) are both exchange-traded funds - IWMY is a Options Trading fund tracking the Russell 2000 Index, while NVDW is a Derivative Income fund actively managed by Roundhill. IWMY is passively managed, while NVDW is actively managed. Over the past year, IWMY returned 19.66% vs 51.10% for NVDW. At a 0.32 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

IWMY vs. NVDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) and Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IWMY achieves a 10.55% return, which is significantly lower than NVDW's 12.02% return.

IWMY

• 1D: 0.63%
• 1M: -0.57%
• YTD: 10.55%
• 6M: 8.47%
• 1Y: 19.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDW

• 1D: 1.74%
• 1M: -3.62%
• YTD: 12.02%
• 6M: 12.57%
• 1Y: 51.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IWMY vs. NVDW - Yearly Performance Comparison

	2026 (YTD)	2025
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	10.55%	10.93%
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF	12.02%	33.44%

Correlation

The correlation between IWMY and NVDW is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025	0.32

Return for Risk

IWMY vs. NVDW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWMY

IWMY Risk / Return Rank: 37
IWMY Sharpe Ratio Rank: 38
IWMY Sortino Ratio Rank: 34
IWMY Omega Ratio Rank: 35
IWMY Calmar Ratio Rank: 38
IWMY Martin Ratio Rank: 39

NVDW

NVDW Risk / Return Rank: 38
NVDW Sharpe Ratio Rank: 38
NVDW Sortino Ratio Rank: 39
NVDW Omega Ratio Rank: 36
NVDW Calmar Ratio Rank: 45
NVDW Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IWMY vs. NVDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) and Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW). 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.

	IWMY	NVDW	Difference
Sharpe ratio: Return per unit of total volatility	1.23	1.23	-0.01
Sortino ratio: Return per unit of downside risk	1.67	1.81	-0.13
Omega ratio: Gain probability vs. loss probability	1.21	1.22	0.00
Calmar ratio: Return relative to maximum drawdown	1.71	2.01	-0.30
Martin ratio: Return relative to average drawdown	5.59	4.84	+0.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWMY vs. NVDW - Sharpe Ratio Comparison

The current IWMY Sharpe Ratio is 1.23, which is comparable to the NVDW Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of IWMY and NVDW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IWMY	NVDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	1.23	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	1.35	-0.45

Drawdowns

IWMY vs. NVDW - Drawdown Comparison

The maximum IWMY drawdown since its inception was -18.72%, smaller than the maximum NVDW drawdown of -25.54%. Use the drawdown chart below to compare losses from any high point for IWMY and NVDW.

Drawdown Indicators

	IWMY	NVDW	Difference
Max Drawdown Largest peak-to-trough decline	-18.72%	-25.54%	+6.82%
Max Drawdown (1Y) Largest decline over 1 year	-11.57%	-25.54%	+13.97%
Current Drawdown Current decline from peak	-2.89%	-13.69%	+10.80%
Average Drawdown Average peak-to-trough decline	-2.98%	-8.24%	+5.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	10.59%	-7.06%

Volatility

IWMY vs. NVDW - Volatility Comparison

The current volatility for Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) is 6.26%, while Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW) has a volatility of 15.23%. This indicates that IWMY experiences smaller price fluctuations and is considered to be less risky than NVDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWMY	NVDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.26%	15.23%	-8.97%
Volatility (6M) Calculated over the trailing 6-month period	13.20%	31.58%	-18.38%
Volatility (1Y) Calculated over the trailing 1-year period	16.15%	41.74%	-25.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.90%	41.59%	-25.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.90%	41.59%	-25.69%

IWMY vs. NVDW - Expense Ratio Comparison

Both IWMY and NVDW have an expense ratio of 0.99%.

Dividends

IWMY vs. NVDW - Dividend Comparison

IWMY's dividend yield for the trailing twelve months is around 46.29%, less than NVDW's 61.31% yield.

Position	TTM	2025	2024	2023
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	46.29%	63.33%	107.92%	11.34%
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF	61.31%	38.94%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IWMY and NVDW in my portfolio?

IWMY and NVDW have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IWMY or NVDW?

NVDW has higher volatility (15.23%) compared to IWMY (6.26%). In terms of maximum drawdown, IWMY dropped -18.72% vs NVDW's -25.54%.

Which ETF is better, IWMY or NVDW?

On 1-year performance, NVDW leads with 51.10% vs 19.66% for IWMY. Both ETFs have the same 0.99% expense ratio. On volatility, IWMY has been the lower-risk option at 6.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IWMY or NVDW?

Over the 1-year period, NVDW has performed better with a 51.10% return vs 19.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IWMY or NVDW?

IWMY and NVDW have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, IWMY or NVDW?

NVDW has the higher dividend yield at 61.31%, compared with 46.29% for IWMY.

What is the main difference between IWMY and NVDW?

IWMY is categorized as Options Trading, while NVDW is Derivative Income. They also come from different issuers: Defiance and Roundhill.

Which has better risk-adjusted returns?

NVDW currently has the higher Sharpe Ratio (1.23 vs 1.23), 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.