NVDW vs. IWMY

Last updated Jun 9, 2026

NVDW (Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF) and IWMY (Defiance R2000 Enhanced Options & 0DTE Income ETF) are both exchange-traded funds - NVDW is a Derivative Income fund actively managed by Roundhill, while IWMY is a Options Trading fund tracking the Russell 2000 Index. NVDW is actively managed, while IWMY is passively managed. Over the past year, NVDW returned 51.10% vs 19.66% for IWMY. At a 0.32 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

NVDW vs. IWMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDW achieves a 12.02% return, which is significantly higher than IWMY's 10.55% return.

NVDW

• 1D: 1.74%
• 1M: -3.62%
• YTD: 12.02%
• 6M: 12.57%
• 1Y: 51.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IWMY

• 1D: 0.63%
• 1M: -0.57%
• YTD: 10.55%
• 6M: 8.47%
• 1Y: 19.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDW vs. IWMY - Yearly Performance Comparison

	2026 (YTD)	2025
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF	12.02%	33.44%
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	10.55%	10.93%

Correlation

The correlation between NVDW and IWMY is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025	0.32

Return for Risk

NVDW vs. IWMY — Risk / Return Rank

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

NVDW

NVDW Risk / Return Rank: 38
NVDW Sharpe Ratio Rank: 38
NVDW Sortino Ratio Rank: 39
NVDW Omega Ratio Rank: 36
NVDW Calmar Ratio Rank: 45
NVDW Martin Ratio Rank: 34

IWMY

IWMY Risk / Return Rank: 37
IWMY Sharpe Ratio Rank: 38
IWMY Sortino Ratio Rank: 34
IWMY Omega Ratio Rank: 35
IWMY Calmar Ratio Rank: 38
IWMY Martin Ratio Rank: 39

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.

NVDW vs. IWMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY). 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.

	NVDW	IWMY	Difference
Sharpe ratio: Return per unit of total volatility	1.23	1.23	+0.01
Sortino ratio: Return per unit of downside risk	1.81	1.67	+0.13
Omega ratio: Gain probability vs. loss probability	1.22	1.21	0.00
Calmar ratio: Return relative to maximum drawdown	2.01	1.71	+0.30
Martin ratio: Return relative to average drawdown	4.84	5.59	-0.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVDW vs. IWMY - Sharpe Ratio Comparison

The current NVDW Sharpe Ratio is 1.23, which is comparable to the IWMY Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of NVDW and IWMY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NVDW	IWMY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	1.23	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	0.90	+0.45

Drawdowns

NVDW vs. IWMY - Drawdown Comparison

The maximum NVDW drawdown since its inception was -25.54%, which is greater than IWMY's maximum drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for NVDW and IWMY.

Drawdown Indicators

	NVDW	IWMY	Difference
Max Drawdown Largest peak-to-trough decline	-25.54%	-18.72%	-6.82%
Max Drawdown (1Y) Largest decline over 1 year	-25.54%	-11.57%	-13.97%
Current Drawdown Current decline from peak	-13.69%	-2.89%	-10.80%
Average Drawdown Average peak-to-trough decline	-8.24%	-2.98%	-5.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.59%	3.53%	+7.06%

Volatility

NVDW vs. IWMY - Volatility Comparison

Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW) has a higher volatility of 15.23% compared to Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) at 6.26%. This indicates that NVDW's price experiences larger fluctuations and is considered to be riskier than IWMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDW	IWMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.23%	6.26%	+8.97%
Volatility (6M) Calculated over the trailing 6-month period	31.58%	13.20%	+18.38%
Volatility (1Y) Calculated over the trailing 1-year period	41.74%	16.15%	+25.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.59%	15.90%	+25.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.59%	15.90%	+25.69%

NVDW vs. IWMY - Expense Ratio Comparison

Both NVDW and IWMY have an expense ratio of 0.99%.

Dividends

NVDW vs. IWMY - Dividend Comparison

NVDW's dividend yield for the trailing twelve months is around 61.31%, more than IWMY's 46.29% yield.

Position	TTM	2025	2024	2023
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	46.29%	63.33%	107.92%	11.34%
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF	61.31%	38.94%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NVDW and IWMY in my portfolio?

NVDW and IWMY have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVDW or IWMY?

NVDW has higher volatility (15.23%) compared to IWMY (6.26%). In terms of maximum drawdown, NVDW dropped -25.54% vs IWMY's -18.72%.

Which ETF is better, NVDW or IWMY?

On 1-year performance, NVDW leads with 51.10% vs 19.66% for IWMY. Both ETFs have the same 0.99% expense ratio. On volatility, IWMY has been the lower-risk option at 6.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDW or IWMY?

Over the 1-year period, NVDW has performed better with a 51.10% return vs 19.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDW or IWMY?

NVDW and IWMY have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, NVDW or IWMY?

NVDW has the higher dividend yield at 61.31%, compared with 46.29% for IWMY.

What is the main difference between NVDW and IWMY?

NVDW is categorized as Derivative Income, while IWMY is Options Trading. They also come from different issuers: Roundhill and Defiance.

Which has better risk-adjusted returns?

NVDW currently has the higher Sharpe Ratio (1.23 vs 1.23), 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.