NVDQ vs. YQQQ

Last updated Jul 16, 2026

NVDQ (T-Rex 2X Inverse NVIDIA Daily Target ETF) and YQQQ (YieldMax Short N100 Option Income Strategy ETF) are both exchange-traded funds - NVDQ is a Inverse Equities fund actively managed by T-Rex, while YQQQ is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, NVDQ returned -55.07% vs -8.18% for YQQQ. A 0.68 correlation means they provide meaningful diversification when combined. NVDQ charges 1.05%/yr vs 0.99%/yr for YQQQ.

Performance

NVDQ vs. YQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDQ achieves a -38.39% return, which is significantly lower than YQQQ's -5.58% return.

NVDQ

• 1D: -0.67%
• 1M: -3.36%
• 6M: -40.41%
• YTD: -38.39%
• 1Y: -55.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YQQQ

• 1D: 0.38%
• 1M: 5.06%
• 6M: -5.67%
• YTD: -5.58%
• 1Y: -8.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDQ vs. YQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF	-38.39%	-74.63%	-36.65%
YQQQ YieldMax Short N100 Option Income Strategy ETF	-5.58%	-9.97%	-5.17%

Correlation

The correlation between NVDQ and YQQQ is 0.62, 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	0.62
Correlation (All Time) Calculated using the full available price history since Aug 15, 2024	0.68

The correlation between NVDQ and YQQQ has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.

Return for Risk

NVDQ vs. YQQQ — Risk / Return Rank

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

NVDQ

NVDQ Risk / Return Rank: 2
NVDQ Sharpe Ratio Rank: 3
NVDQ Sortino Ratio Rank: 3
NVDQ Omega Ratio Rank: 3
NVDQ Calmar Ratio Rank: 1
NVDQ Martin Ratio Rank: 0

YQQQ

YQQQ Risk / Return Rank: 5
YQQQ Sharpe Ratio Rank: 5
YQQQ Sortino Ratio Rank: 4
YQQQ Omega Ratio Rank: 4
YQQQ Calmar Ratio Rank: 6
YQQQ Martin Ratio Rank: 5

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.

NVDQ vs. YQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). 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.

	NVDQ	YQQQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.78	-0.59	-0.19
Sortino ratio: Return per unit of downside risk	-1.05	-0.74	-0.31
Omega ratio: Gain probability vs. loss probability	0.88	0.91	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.90	-0.38	-0.52
Martin ratio: Return relative to average drawdown	-1.63	-0.87	-0.76

NVDQ vs. YQQQ - Sharpe Ratio Comparison

The current NVDQ Sharpe Ratio is -0.78, which is lower than the YQQQ Sharpe Ratio of -0.59. The chart below compares the historical Sharpe Ratios of NVDQ and YQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NVDQ vs. YQQQ - Drawdown Comparison

The maximum NVDQ drawdown since its inception was -99.45%, which is greater than YQQQ's maximum drawdown of -29.10%. Use the drawdown chart below to compare losses from any high point for NVDQ and YQQQ.

Drawdown Indicators

	NVDQ	YQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-99.45%	-29.10%	-70.35%
Max Drawdown (1Y) Largest decline over 1 year	-61.65%	-21.80%	-39.85%
Current Drawdown Current decline from peak	-99.38%	-25.52%	-73.86%
Average Drawdown Average peak-to-trough decline	-88.53%	-14.94%	-73.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.77%	9.45%	+24.32%

Volatility

NVDQ vs. YQQQ - Volatility Comparison

T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) has a higher volatility of 22.84% compared to YieldMax Short N100 Option Income Strategy ETF (YQQQ) at 6.13%. This indicates that NVDQ's price experiences larger fluctuations and is considered to be riskier than YQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDQ	YQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.84%	6.13%	+16.71%
Volatility (6M) Calculated over the trailing 6-month period	55.75%	11.67%	+44.08%
Volatility (1Y) Calculated over the trailing 1-year period	71.32%	13.91%	+57.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.97%	16.56%	+78.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	94.97%	16.56%	+78.41%

NVDQ vs. YQQQ - Expense Ratio Comparison

NVDQ has a 1.05% expense ratio, which is higher than YQQQ's 0.99% expense ratio.

Dividends

NVDQ vs. YQQQ - Dividend Comparison

NVDQ's dividend yield for the trailing twelve months is around 0.42%, less than YQQQ's 29.27% yield.

Position	TTM	2025	2024	2023
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF	0.42%	0.26%	4.59%	11.60%
YQQQ YieldMax Short N100 Option Income Strategy ETF	29.27%	31.71%	7.88%	0.00%

Frequently Asked Questions

Can I hold both NVDQ and YQQQ in my portfolio?

NVDQ and YQQQ have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVDQ or YQQQ?

NVDQ has higher volatility (22.84%) compared to YQQQ (6.13%). In terms of maximum drawdown, NVDQ dropped -99.45% vs YQQQ's -29.10%.

Which ETF is better, NVDQ or YQQQ?

On 1-year performance, YQQQ leads with -8.18% vs -55.07% for NVDQ. On fees, YQQQ is cheaper at 0.99% per year. On volatility, YQQQ has been the lower-risk option at 6.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDQ or YQQQ?

Over the 1-year period, YQQQ has performed better with a -8.18% return vs -55.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDQ or YQQQ?

YQQQ is cheaper with a 0.99% expense ratio, compared with 1.05% for NVDQ.

Which ETF pays a higher dividend yield, NVDQ or YQQQ?

YQQQ has the higher dividend yield at 29.27%, compared with 0.42% for NVDQ.

What is the main difference between NVDQ and YQQQ?

NVDQ is categorized as Inverse Equities, while YQQQ is Derivative Income. They also come from different issuers: T-Rex and YieldMax. Their fees differ too: 1.05% for NVDQ and 0.99% for YQQQ.

Which has better risk-adjusted returns?

YQQQ currently has the higher Sharpe Ratio (-0.59 vs -0.78), 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.