NERD vs. ASTS
NERD (Roundhill Video Games ETF) is Gaming fund actively managed by Roundhill Investments, while ASTS (AST SpaceMobile, Inc.) is a stock. Over the past 5 years, NERD returned -8.51%/yr vs 51.99%/yr for ASTS. At a 0.35 correlation, their price movements are largely independent.
Performance
NERD vs. ASTS - Performance Comparison
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Returns By Period
In the year-to-date period, NERD achieves a -18.01% return, which is significantly lower than ASTS's 13.47% return.
NERD
- 1D
- -0.41%
- 1M
- -4.10%
- YTD
- -18.01%
- 6M
- -19.37%
- 1Y
- -21.50%
- 3Y*
- 9.13%
- 5Y*
- -8.51%
- 10Y*
- —
ASTS
- 1D
- -15.53%
- 1M
- 10.16%
- YTD
- 13.47%
- 6M
- 7.44%
- 1Y
- 123.21%
- 3Y*
- 140.29%
- 5Y*
- 51.99%
- 10Y*
- —
NERD vs. ASTS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NERD Roundhill Video Games ETF | -18.01% | 23.14% | 28.52% | 12.94% | -43.30% | -24.72% |
ASTS AST SpaceMobile, Inc. | 13.47% | 244.22% | 249.92% | 25.10% | -39.29% | -31.73% |
Correlation
The correlation between NERD and ASTS is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2021 | 0.35 |
The correlation between NERD and ASTS shifts across timeframes, from 0.23 (1 year) to 0.36 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
NERD vs. ASTS — Risk / Return Rank
NERD
ASTS
NERD vs. ASTS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Video Games ETF (NERD) and AST SpaceMobile, Inc. (ASTS). 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.
| NERD | ASTS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -3.48 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.23 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 2.60 | -3.29 |
| Martin ratioReturn relative to average drawdown | -1.23 | 5.06 | -6.29 |
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Drawdowns
NERD vs. ASTS - Drawdown Comparison
The maximum NERD drawdown since its inception was -65.58%, smaller than the maximum ASTS drawdown of -85.57%. Use the drawdown chart below to compare losses from any high point for NERD and ASTS.
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Drawdown Indicators
| NERD | ASTS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -85.57% | +19.99% |
Max Drawdown (1Y)Largest decline over 1 year | -31.19% | -47.69% | +16.50% |
Max Drawdown (3Y)Largest decline over 3 years | -31.19% | -70.66% | +39.47% |
Max Drawdown (5Y)Largest decline over 5 years | -58.92% | -85.57% | +26.65% |
Current DrawdownCurrent decline from peak | -46.82% | -38.08% | -8.74% |
Average DrawdownAverage peak-to-trough decline | -35.92% | -40.51% | +4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.50% | 24.42% | -6.92% |
Volatility
NERD vs. ASTS - Volatility Comparison
The current volatility for Roundhill Video Games ETF (NERD) is 4.21%, while AST SpaceMobile, Inc. (ASTS) has a volatility of 41.20%. This indicates that NERD experiences smaller price fluctuations and is considered to be less risky than ASTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NERD | ASTS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 41.20% | -36.99% |
Volatility (6M)Calculated over the trailing 6-month period | 15.00% | 85.03% | -70.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.77% | 105.98% | -86.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.51% | 109.52% | -85.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.49% | 111.00% | -85.51% |
Dividends
NERD vs. ASTS - Dividend Comparison
NERD's dividend yield for the trailing twelve months is around 0.77%, while ASTS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ASTS AST SpaceMobile, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NERD Roundhill Video Games ETF | 0.77% | 0.63% | 1.74% | 1.07% | 0.69% | 0.02% | 1.05% | 0.31% |
Frequently Asked Questions
NERD and ASTS have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASTS has higher volatility (41.20%) compared to NERD (4.21%). In terms of maximum drawdown, NERD dropped -65.58% vs ASTS's -85.57%.
ASTS currently has the higher Sharpe Ratio (1.17 vs -1.09), 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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