IWN vs. NVDY
IWN (iShares Russell 2000 Value ETF) and NVDY (YieldMax NVDA Option Income Strategy ETF) are both exchange-traded funds - IWN is a Small Cap Value Equities fund tracking the Russell 2000 Value Index, while NVDY is a Derivative Income fund actively managed by YieldMax. IWN is passively managed, while NVDY is actively managed. Over the past 3 years, IWN returned 16.65%/yr vs 53.70%/yr for NVDY. At a 0.27 correlation, their price movements are largely independent. IWN charges 0.24%/yr vs 0.99%/yr for NVDY.
Performance
IWN vs. NVDY - Performance Comparison
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Returns By Period
In the year-to-date period, IWN achieves a 16.90% return, which is significantly higher than NVDY's 10.31% return.
IWN
- 1D
- 0.86%
- 1M
- -0.18%
- YTD
- 16.90%
- 6M
- 16.09%
- 1Y
- 39.09%
- 3Y*
- 16.65%
- 5Y*
- 6.08%
- 10Y*
- 10.05%
NVDY
- 1D
- 1.46%
- 1M
- -2.61%
- YTD
- 10.31%
- 6M
- 11.29%
- 1Y
- 42.27%
- 3Y*
- 53.70%
- 5Y*
- —
- 10Y*
- —
IWN vs. NVDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IWN iShares Russell 2000 Value ETF | 16.90% | 12.40% | 7.63% | 20.17% |
NVDY YieldMax NVDA Option Income Strategy ETF | 10.31% | 27.38% | 114.23% | 41.31% |
Correlation
The correlation between IWN and NVDY is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since May 11, 2023 | 0.27 |
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Return for Risk
IWN vs. NVDY — Risk / Return Rank
IWN
NVDY
IWN vs. NVDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 Value ETF (IWN) 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.
| IWN | NVDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.26 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.65 | 3.31 | +1.33 |
| Martin ratioReturn relative to average drawdown | 15.56 | 8.03 | +7.53 |
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
| IWN | NVDY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 1.53 | +0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 1.59 | -1.20 |
Drawdowns
IWN vs. NVDY - Drawdown Comparison
The maximum IWN drawdown since its inception was -61.55%, which is greater than NVDY's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for IWN and NVDY.
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Drawdown Indicators
| IWN | NVDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.55% | -34.08% | -27.47% |
Max Drawdown (1Y)Largest decline over 1 year | -8.45% | -12.81% | +4.36% |
Max Drawdown (3Y)Largest decline over 3 years | -26.70% | -34.08% | +7.38% |
Max Drawdown (5Y)Largest decline over 5 years | -26.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.08% | — | — |
Current DrawdownCurrent decline from peak | -1.91% | -8.93% | +7.02% |
Average DrawdownAverage peak-to-trough decline | -10.15% | -6.16% | -3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 5.28% | -2.76% |
Volatility
IWN vs. NVDY - Volatility Comparison
The current volatility for iShares Russell 2000 Value ETF (IWN) is 5.31%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 10.13%. This indicates that IWN 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
| IWN | NVDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 10.13% | -4.82% |
Volatility (6M)Calculated over the trailing 6-month period | 12.13% | 21.34% | -9.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.99% | 27.86% | -9.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.47% | 38.29% | -16.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.41% | 38.29% | -14.88% |
IWN vs. NVDY - Expense Ratio Comparison
IWN has a 0.24% expense ratio, which is lower than NVDY's 0.99% expense ratio.
Dividends
IWN vs. NVDY - Dividend Comparison
IWN's dividend yield for the trailing twelve months is around 1.46%, less than NVDY's 64.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWN iShares Russell 2000 Value ETF | 1.46% | 1.70% | 1.80% | 2.04% | 2.12% | 1.48% | 1.60% | 1.92% | 1.99% | 1.78% | 1.74% | 2.15% |
NVDY YieldMax NVDA Option Income Strategy ETF | 64.50% | 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
IWN and NVDY have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDY has higher volatility (10.13%) compared to IWN (5.31%). In terms of maximum drawdown, IWN dropped -61.55% vs NVDY's -34.08%.
On 3-year performance, NVDY leads with 53.70% vs 16.65% for IWN. On fees, IWN is cheaper at 0.24% per year. On volatility, IWN has been the lower-risk option at 5.31%. 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 53.70% return vs 16.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWN is cheaper with a 0.24% expense ratio, compared with 0.99% for NVDY.
NVDY has the higher dividend yield at 64.50%, compared with 1.46% for IWN.
IWN is categorized as Small Cap Value Equities, while NVDY is Derivative Income. They also come from different issuers: iShares and YieldMax. Their fees differ too: 0.24% for IWN and 0.99% for NVDY.
IWN currently has the higher Sharpe Ratio (2.19 vs 1.53), 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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