NVDW vs. NVDY

Last updated Jun 24, 2026

NVDW (Roundhill NVDA WeeklyPay ETF) and NVDY (YieldMax NVDA Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, NVDW returned 40.81% vs 33.90% for NVDY. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.99% expense ratio.

Performance

NVDW vs. NVDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill NVDA WeeklyPay ETF (NVDW) and YieldMax NVDA Option Income Strategy ETF (NVDY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDW achieves a 6.30% return, which is significantly lower than NVDY's 7.04% return.

NVDW

• 1D: -4.59%
• 1M: -8.60%
• YTD: 6.30%
• 6M: 4.41%
• 1Y: 40.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDY

• 1D: -3.24%
• 1M: -5.21%
• YTD: 7.04%
• 6M: 6.21%
• 1Y: 33.90%
• 3Y*: 50.59%
• 5Y*: —
• 10Y*: —

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

NVDW vs. NVDY - Yearly Performance Comparison

	2026 (YTD)	2025
NVDW Roundhill NVDA WeeklyPay ETF	6.30%	33.44%
NVDY YieldMax NVDA Option Income Strategy ETF	7.04%	34.07%

Correlation

The correlation between NVDW and NVDY is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025	0.97

The correlation between NVDW and NVDY has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

Return for Risk

NVDW vs. NVDY — Risk / Return Rank

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

NVDW

NVDW Risk / Return Rank: 29
NVDW Sharpe Ratio Rank: 28
NVDW Sortino Ratio Rank: 29
NVDW Omega Ratio Rank: 27
NVDW Calmar Ratio Rank: 33
NVDW Martin Ratio Rank: 28

NVDY

NVDY Risk / Return Rank: 39
NVDY Sharpe Ratio Rank: 35
NVDY Sortino Ratio Rank: 33
NVDY Omega Ratio Rank: 32
NVDY Calmar Ratio Rank: 56
NVDY Martin Ratio Rank: 40

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. NVDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill NVDA WeeklyPay ETF (NVDW) 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.

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.

	NVDW	NVDY	Difference
Sharpe ratio: Return per unit of total volatility	0.96	1.20	-0.24
Sortino ratio: Return per unit of downside risk	1.52	1.70	-0.18
Omega ratio: Gain probability vs. loss probability	1.18	1.21	-0.03
Calmar ratio: Return relative to maximum drawdown	1.61	2.66	-1.05
Martin ratio: Return relative to average drawdown	3.72	6.05	-2.33

NVDW vs. NVDY - Sharpe Ratio Comparison

The current NVDW Sharpe Ratio is 0.96, which is comparable to the NVDY Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of NVDW and NVDY, 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

NVDW vs. NVDY - Drawdown Comparison

The maximum NVDW drawdown since its inception was -25.54%, smaller than the maximum NVDY drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for NVDW and NVDY.

Drawdown Indicators

	NVDW	NVDY	Difference
Max Drawdown Largest peak-to-trough decline	-25.54%	-34.08%	+8.54%
Max Drawdown (1Y) Largest decline over 1 year	-25.54%	-12.81%	-12.73%
Max Drawdown (3Y) Largest decline over 3 years	—	-34.08%	—
Current Drawdown Current decline from peak	-18.09%	-11.62%	-6.47%
Average Drawdown Average peak-to-trough decline	-8.50%	-6.20%	-2.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.01%	5.62%	+5.39%

Volatility

NVDW vs. NVDY - Volatility Comparison

Roundhill NVDA WeeklyPay ETF (NVDW) has a higher volatility of 15.16% compared to YieldMax NVDA Option Income Strategy ETF (NVDY) at 10.10%. This indicates that NVDW's price experiences larger fluctuations and is considered to be riskier than NVDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDW	NVDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.16%	10.10%	+5.06%
Volatility (6M) Calculated over the trailing 6-month period	32.09%	21.63%	+10.46%
Volatility (1Y) Calculated over the trailing 1-year period	42.50%	28.32%	+14.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.02%	38.19%	+3.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.02%	38.19%	+3.83%

NVDW vs. NVDY - Expense Ratio Comparison

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

Dividends

NVDW vs. NVDY - Dividend Comparison

NVDW's dividend yield for the trailing twelve months is around 63.83%, which matches NVDY's 64.30% yield.

Position	TTM	2025	2024	2023
NVDW Roundhill NVDA WeeklyPay ETF	63.83%	38.94%	0.00%	0.00%
NVDY YieldMax NVDA Option Income Strategy ETF	64.30%	83.10%	83.65%	22.32%

Frequently Asked Questions

Can I hold both NVDW and NVDY in my portfolio?

With a correlation of 0.99, NVDW and NVDY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, NVDW or NVDY?

NVDW has higher volatility (15.16%) compared to NVDY (10.10%). In terms of maximum drawdown, NVDW dropped -25.54% vs NVDY's -34.08%.

Which ETF is better, NVDW or NVDY?

On 1-year performance, NVDW leads with 40.81% vs 33.90% for NVDY. Both ETFs have the same 0.99% expense ratio. On volatility, NVDY has been the lower-risk option at 10.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDW or NVDY?

Over the 1-year period, NVDW has performed better with a 40.81% return vs 33.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDW or NVDY?

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

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

NVDY has the higher dividend yield at 64.30%, compared with 63.83% for NVDW.

What is the main difference between NVDW and NVDY?

They also come from different issuers: Roundhill and YieldMax.

Which has better risk-adjusted returns?

NVDY currently has the higher Sharpe Ratio (1.20 vs 0.96), 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.