NERD vs. VEGA
NERD (Roundhill Video Games ETF) and VEGA (AdvisorShares STAR Global Buy-Write ETF) are both exchange-traded funds - NERD is a Gaming fund actively managed by Roundhill Investments, while VEGA is a Global Equities fund actively managed by AdvisorShares. Both are actively managed. Over the past 5 years, NERD returned -6.22%/yr vs 6.78%/yr for VEGA. A 0.61 correlation means they provide meaningful diversification when combined. NERD charges 0.50%/yr vs 2.02%/yr for VEGA.
Performance
NERD vs. VEGA - Performance Comparison
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Returns By Period
In the year-to-date period, NERD achieves a -14.31% return, which is significantly lower than VEGA's 6.20% return.
NERD
- 1D
- -0.17%
- 1M
- 4.52%
- 6M
- -15.76%
- YTD
- -14.31%
- 1Y
- -17.56%
- 3Y*
- 10.18%
- 5Y*
- -6.22%
- 10Y*
- —
VEGA
- 1D
- -0.85%
- 1M
- 0.16%
- 6M
- 3.84%
- YTD
- 6.20%
- 1Y
- 14.50%
- 3Y*
- 12.35%
- 5Y*
- 6.78%
- 10Y*
- 7.61%
NERD vs. VEGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NERD Roundhill Video Games ETF | -14.31% | 23.14% | 28.52% | 12.94% | -43.30% | -17.57% | 89.66% | 8.14% |
VEGA AdvisorShares STAR Global Buy-Write ETF | 6.20% | 15.83% | 11.20% | 15.12% | -15.02% | 12.36% | 8.37% | 10.72% |
Correlation
The correlation between NERD and VEGA is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.61 |
The correlation between NERD and VEGA has been stable across timeframes, ranging from 0.54 to 0.62 - a consistent structural relationship.
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Return for Risk
NERD vs. VEGA — Risk / Return Rank
NERD
VEGA
NERD vs. VEGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Video Games ETF (NERD) and AdvisorShares STAR Global Buy-Write ETF (VEGA). 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 | VEGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.41 | ||
| Sortino ratioReturn per unit of downside risk | -3.31 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.28 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 2.12 | -2.65 |
| Martin ratioReturn relative to average drawdown | -0.91 | 9.15 | -10.06 |
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Drawdowns
NERD vs. VEGA - Drawdown Comparison
The maximum NERD drawdown since its inception was -65.58%, which is greater than VEGA's maximum drawdown of -28.37%. Use the drawdown chart below to compare losses from any high point for NERD and VEGA.
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Drawdown Indicators
| NERD | VEGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -28.37% | -37.21% |
Max Drawdown (1Y)Largest decline over 1 year | -33.23% | -6.86% | -26.37% |
Max Drawdown (3Y)Largest decline over 3 years | -33.23% | -11.62% | -21.61% |
Max Drawdown (5Y)Largest decline over 5 years | -54.79% | -22.78% | -32.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.37% | — |
Current DrawdownCurrent decline from peak | -44.42% | -1.35% | -43.07% |
Average DrawdownAverage peak-to-trough decline | -36.02% | -3.77% | -32.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.25% | 1.59% | +17.66% |
Volatility
NERD vs. VEGA - Volatility Comparison
Roundhill Video Games ETF (NERD) has a higher volatility of 5.51% compared to AdvisorShares STAR Global Buy-Write ETF (VEGA) at 3.19%. This indicates that NERD's price experiences larger fluctuations and is considered to be riskier than VEGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NERD | VEGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 3.19% | +2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 15.65% | 7.96% | +7.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.82% | 9.63% | +10.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.57% | 12.35% | +12.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.44% | 12.72% | +12.72% |
NERD vs. VEGA - Expense Ratio Comparison
NERD has a 0.50% expense ratio, which is lower than VEGA's 2.02% expense ratio.
Dividends
NERD vs. VEGA - Dividend Comparison
NERD's dividend yield for the trailing twelve months is around 0.74%, less than VEGA's 1.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
NERD Roundhill Video Games ETF | 0.74% | 0.63% | 1.74% | 1.07% | 0.69% | 0.02% | 1.05% | 0.31% | 0.00% | 0.00% | 0.00% |
VEGA AdvisorShares STAR Global Buy-Write ETF | 1.27% | 1.34% | 1.05% | 1.12% | 1.89% | 0.55% | 0.28% | 0.44% | 0.45% | 0.00% | 0.81% |
Frequently Asked Questions
NERD and VEGA have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NERD has higher volatility (5.51%) compared to VEGA (3.19%). In terms of maximum drawdown, NERD dropped -65.58% vs VEGA's -28.37%.
On 5-year performance, VEGA leads with 6.78% vs -6.22% for NERD. On fees, NERD is cheaper at 0.50% per year. On volatility, VEGA has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VEGA has performed better with a 6.78% return vs -6.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NERD is cheaper with a 0.50% expense ratio, compared with 2.02% for VEGA.
VEGA has the higher dividend yield at 1.27%, compared with 0.74% for NERD.
NERD is categorized as Gaming, while VEGA is Global Equities. They also come from different issuers: Roundhill Investments and AdvisorShares. Their fees differ too: 0.50% for NERD and 2.02% for VEGA.
VEGA currently has the higher Sharpe Ratio (1.51 vs -0.89), 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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