IWS vs. NVDY
IWS (iShares Russell Mid-Cap Value ETF) and NVDY (YieldMax NVDA Option Income Strategy ETF) are both exchange-traded funds - IWS is a Mid Cap Value Equities fund tracking the Russell Midcap Value Index, while NVDY is a Derivative Income fund actively managed by YieldMax. IWS is passively managed, while NVDY is actively managed. Over the past 3 years, IWS returned 16.23%/yr vs 53.70%/yr for NVDY. At a 0.28 correlation, their price movements are largely independent. IWS charges 0.23%/yr vs 0.99%/yr for NVDY.
Performance
IWS vs. NVDY - Performance Comparison
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Returns By Period
In the year-to-date period, IWS achieves a 13.43% return, which is significantly higher than NVDY's 10.31% return.
IWS
- 1D
- 0.04%
- 1M
- 1.01%
- YTD
- 13.43%
- 6M
- 13.77%
- 1Y
- 24.70%
- 3Y*
- 16.23%
- 5Y*
- 8.15%
- 10Y*
- 10.08%
NVDY
- 1D
- 1.46%
- 1M
- -2.61%
- YTD
- 10.31%
- 6M
- 11.29%
- 1Y
- 42.27%
- 3Y*
- 53.70%
- 5Y*
- —
- 10Y*
- —
IWS vs. NVDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IWS iShares Russell Mid-Cap Value ETF | 13.43% | 10.82% | 12.91% | 13.37% |
NVDY YieldMax NVDA Option Income Strategy ETF | 10.31% | 27.38% | 114.23% | 41.31% |
Correlation
The correlation between IWS and NVDY is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
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 | 0.28 |
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Return for Risk
IWS vs. NVDY — Risk / Return Rank
IWS
NVDY
IWS vs. NVDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Mid-Cap Value ETF (IWS) 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.
| IWS | NVDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.26 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 3.31 | -0.02 |
| Martin ratioReturn relative to average drawdown | 12.38 | 8.03 | +4.35 |
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
| IWS | NVDY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 1.53 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 1.59 | -1.17 |
Drawdowns
IWS vs. NVDY - Drawdown Comparison
The maximum IWS drawdown since its inception was -62.40%, which is greater than NVDY's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for IWS and NVDY.
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Drawdown Indicators
| IWS | NVDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.40% | -34.08% | -28.32% |
Max Drawdown (1Y)Largest decline over 1 year | -7.53% | -12.81% | +5.28% |
Max Drawdown (3Y)Largest decline over 3 years | -20.57% | -34.08% | +13.51% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.83% | — | — |
Current DrawdownCurrent decline from peak | -1.83% | -8.93% | +7.10% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -6.16% | -1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 5.28% | -3.28% |
Volatility
IWS vs. NVDY - Volatility Comparison
The current volatility for iShares Russell Mid-Cap Value ETF (IWS) is 3.45%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 10.13%. This indicates that IWS 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
| IWS | NVDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 10.13% | -6.68% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 21.34% | -11.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.30% | 27.86% | -14.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 38.29% | -20.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.37% | 38.29% | -18.92% |
IWS vs. NVDY - Expense Ratio Comparison
IWS has a 0.23% expense ratio, which is lower than NVDY's 0.99% expense ratio.
Dividends
IWS vs. NVDY - Dividend Comparison
IWS's dividend yield for the trailing twelve months is around 1.36%, less than NVDY's 64.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWS iShares Russell Mid-Cap Value ETF | 1.36% | 1.53% | 1.50% | 1.76% | 1.93% | 1.39% | 1.87% | 1.97% | 2.53% | 1.96% | 2.10% | 2.14% |
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
IWS and NVDY have a correlation of 0.19, 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 IWS (3.45%). In terms of maximum drawdown, IWS dropped -62.40% vs NVDY's -34.08%.
On 3-year performance, NVDY leads with 53.70% vs 16.23% for IWS. On fees, IWS is cheaper at 0.23% per year. On volatility, IWS has been the lower-risk option at 3.45%. 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 16.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWS is cheaper with a 0.23% expense ratio, compared with 0.99% for NVDY.
NVDY has the higher dividend yield at 64.50%, compared with 1.36% for IWS.
IWS is categorized as Mid Cap Value Equities, while NVDY is Derivative Income. They also come from different issuers: iShares and YieldMax. Their fees differ too: 0.23% for IWS and 0.99% for NVDY.
IWS currently has the higher Sharpe Ratio (1.87 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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