NFLT vs. NVDY

Last updated Apr 2, 2026

Compare and contrast key facts about Virtus Newfleet Multi-Sector Bond ETF (NFLT) and YieldMax NVDA Option Income Strategy ETF (NVDY).

NFLT and NVDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NFLT is an actively managed fund by Virtus. It was launched on Aug 10, 2015. NVDY is an actively managed fund by YieldMax. It was launched on May 10, 2023.

Performance

NFLT vs. NVDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Newfleet Multi-Sector Bond ETF (NFLT) and YieldMax NVDA Option Income Strategy ETF (NVDY). The values are adjusted to include any dividend payments, if applicable.

NFLT vs. NVDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NFLT Virtus Newfleet Multi-Sector Bond ETF	0.17%	8.77%	6.05%	5.41%
NVDY YieldMax NVDA Option Income Strategy ETF	-0.93%	27.38%	114.23%	42.02%

Returns By Period

In the year-to-date period, NFLT achieves a 0.17% return, which is significantly higher than NVDY's -0.93% return.

NFLT

• 1D: 0.35%
• 1M: -1.17%
• YTD: 0.17%
• 6M: 1.53%
• 1Y: 6.87%
• 3Y*: 7.10%
• 5Y*: 3.24%
• 10Y*: 4.16%

NVDY

• 1D: 0.69%
• 1M: -0.82%
• YTD: -0.93%
• 6M: 0.94%
• 1Y: 53.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NFLT vs. NVDY - Expense Ratio Comparison

NFLT has a 0.50% expense ratio, which is lower than NVDY's 0.99% expense ratio.

NVDY

YieldMax NVDA Option Income Strategy ETF

NFLT

Virtus Newfleet Multi-Sector Bond ETF

Return for Risk

NFLT vs. NVDY — Risk / Return Rank

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

NFLT

NFLT Risk / Return Rank: 78
NFLT Sharpe Ratio Rank: 74
NFLT Sortino Ratio Rank: 75
NFLT Omega Ratio Rank: 69
NFLT Calmar Ratio Rank: 86
NFLT Martin Ratio Rank: 86

NVDY

NVDY Risk / Return Rank: 84
NVDY Sharpe Ratio Rank: 83
NVDY Sortino Ratio Rank: 82
NVDY Omega Ratio Rank: 76
NVDY Calmar Ratio Rank: 95
NVDY Martin Ratio Rank: 86

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.

NFLT vs. NVDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Multi-Sector Bond ETF (NFLT) 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.

	NFLT	NVDY	Difference
Sharpe ratio Return per unit of total volatility	1.40	1.65	-0.25
Sortino ratio Return per unit of downside risk	1.97	2.20	-0.23
Omega ratio Gain probability vs. loss probability	1.27	1.30	-0.03
Calmar ratio Return relative to maximum drawdown	2.78	4.01	-1.23
Martin ratio Return relative to average drawdown	11.04	10.43	+0.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NFLT vs. NVDY - Sharpe Ratio Comparison

The current NFLT Sharpe Ratio is 1.40, which is comparable to the NVDY Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of NFLT and NVDY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NFLT	NVDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	1.65	-0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	1.54	-0.72

Correlation

The correlation between NFLT and NVDY is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NFLT vs. NVDY - Dividend Comparison

NFLT's dividend yield for the trailing twelve months is around 5.64%, less than NVDY's 72.29% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NFLT Virtus Newfleet Multi-Sector Bond ETF	5.64%	5.74%	5.76%	6.02%	4.16%	3.41%	3.63%	4.33%	4.81%	6.23%	5.30%	0.67%
NVDY YieldMax NVDA Option Income Strategy ETF	72.29%	83.10%	83.65%	22.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

NFLT vs. NVDY - Drawdown Comparison

The maximum NFLT drawdown since its inception was -15.17%, smaller than the maximum NVDY drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for NFLT and NVDY.

Drawdown Indicators

	NFLT	NVDY	Difference
Max Drawdown Largest peak-to-trough decline	-15.17%	-34.08%	+18.91%
Max Drawdown (1Y) Largest decline over 1 year	-2.45%	-13.77%	+11.32%
Max Drawdown (5Y) Largest decline over 5 years	-13.42%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-15.17%	—	—
Current Drawdown Current decline from peak	-1.34%	-7.25%	+5.91%
Average Drawdown Average peak-to-trough decline	-2.13%	-6.31%	+4.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.64%	5.30%	-4.66%

Volatility

NFLT vs. NVDY - Volatility Comparison

The current volatility for Virtus Newfleet Multi-Sector Bond ETF (NFLT) is 2.00%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 9.09%. This indicates that NFLT 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.

Volatility by Period

	NFLT	NVDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.00%	9.09%	-7.09%
Volatility (6M) Calculated over the trailing 6-month period	3.02%	21.62%	-18.60%
Volatility (1Y) Calculated over the trailing 1-year period	4.93%	32.44%	-27.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.42%	38.75%	-34.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.93%	38.75%	-33.82%