NVDW vs. ULTY

Last updated Jun 23, 2026

NVDW (Roundhill NVDA WeeklyPay ETF) and ULTY (YieldMax Ultra Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, NVDW returned 47.66% vs 4.21% for ULTY. A 0.54 correlation means they provide meaningful diversification when combined. NVDW charges 0.99%/yr vs 1.14%/yr for ULTY.

Performance

NVDW vs. ULTY - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with NVDW having a 11.41% return and ULTY slightly lower at 11.16%.

NVDW

• 1D: -1.37%
• 1M: -4.21%
• YTD: 11.41%
• 6M: 13.37%
• 1Y: 47.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ULTY

• 1D: -0.16%
• 1M: 2.32%
• YTD: 11.16%
• 6M: 8.66%
• 1Y: 4.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDW vs. ULTY - Yearly Performance Comparison

	2026 (YTD)	2025
NVDW Roundhill NVDA WeeklyPay ETF	11.41%	33.44%
ULTY YieldMax Ultra Option Income Strategy ETF	11.16%	-1.19%

Correlation

The correlation between NVDW and ULTY 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 (All Time) Calculated using the full available price history since Jun 2, 2025	0.54

The correlation between NVDW and ULTY has been stable across timeframes, ranging from 0.54 to 0.54 - a consistent structural relationship.

Return for Risk

NVDW vs. ULTY — Risk / Return Rank

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

NVDW

NVDW Risk / Return Rank: 33
NVDW Sharpe Ratio Rank: 33
NVDW Sortino Ratio Rank: 33
NVDW Omega Ratio Rank: 31
NVDW Calmar Ratio Rank: 39
NVDW Martin Ratio Rank: 31

ULTY

ULTY Risk / Return Rank: 10
ULTY Sharpe Ratio Rank: 11
ULTY Sortino Ratio Rank: 10
ULTY Omega Ratio Rank: 10
ULTY Calmar Ratio Rank: 10
ULTY Martin Ratio Rank: 10

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. ULTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill NVDA WeeklyPay ETF (NVDW) and YieldMax Ultra Option Income Strategy ETF (ULTY). 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	ULTY	Difference
Sharpe ratio: Return per unit of total volatility	1.13	0.20	+0.94
Sortino ratio: Return per unit of downside risk	1.71	0.40	+1.31
Omega ratio: Gain probability vs. loss probability	1.20	1.05	+0.15
Calmar ratio: Return relative to maximum drawdown	1.88	0.18	+1.70
Martin ratio: Return relative to average drawdown	4.36	0.34	+4.03

NVDW vs. ULTY - Sharpe Ratio Comparison

The current NVDW Sharpe Ratio is 1.13, which is higher than the ULTY Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of NVDW and ULTY, 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. ULTY - Drawdown Comparison

The maximum NVDW drawdown since its inception was -25.54%, roughly equal to the maximum ULTY drawdown of -26.85%. Use the drawdown chart below to compare losses from any high point for NVDW and ULTY.

Drawdown Indicators

	NVDW	ULTY	Difference
Max Drawdown Largest peak-to-trough decline	-25.54%	-26.85%	+1.31%
Max Drawdown (1Y) Largest decline over 1 year	-25.54%	-24.16%	-1.38%
Current Drawdown Current decline from peak	-14.16%	-8.86%	-5.30%
Average Drawdown Average peak-to-trough decline	-8.47%	-9.89%	+1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.95%	12.53%	-1.58%

Volatility

NVDW vs. ULTY - Volatility Comparison

Roundhill NVDA WeeklyPay ETF (NVDW) has a higher volatility of 14.64% compared to YieldMax Ultra Option Income Strategy ETF (ULTY) at 8.25%. This indicates that NVDW's price experiences larger fluctuations and is considered to be riskier than ULTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDW	ULTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.64%	8.25%	+6.39%
Volatility (6M) Calculated over the trailing 6-month period	31.79%	16.19%	+15.60%
Volatility (1Y) Calculated over the trailing 1-year period	42.32%	21.58%	+20.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.84%	27.29%	+14.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.84%	27.29%	+14.55%

NVDW vs. ULTY - Expense Ratio Comparison

NVDW has a 0.99% expense ratio, which is lower than ULTY's 1.14% expense ratio.

Dividends

NVDW vs. ULTY - Dividend Comparison

NVDW's dividend yield for the trailing twelve months is around 61.86%, less than ULTY's 110.82% yield.

Position	TTM	2025	2024
NVDW Roundhill NVDA WeeklyPay ETF	60.90%	38.94%	0.00%
ULTY YieldMax Ultra Option Income Strategy ETF	110.82%	142.99%	111.70%

Frequently Asked Questions

Can I hold both NVDW and ULTY in my portfolio?

NVDW and ULTY 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.

Which is riskier, NVDW or ULTY?

NVDW has higher volatility (14.64%) compared to ULTY (8.25%). In terms of maximum drawdown, NVDW dropped -25.54% vs ULTY's -26.85%.

Which ETF is better, NVDW or ULTY?

On 1-year performance, NVDW leads with 47.66% vs 4.21% for ULTY. On fees, NVDW is cheaper at 0.99% per year. On volatility, ULTY has been the lower-risk option at 8.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDW or ULTY?

Over the 1-year period, NVDW has performed better with a 47.66% return vs 4.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDW or ULTY?

NVDW is cheaper with a 0.99% expense ratio, compared with 1.14% for ULTY.

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

ULTY has the higher dividend yield at 110.82%, compared with 61.86% for NVDW.

What is the main difference between NVDW and ULTY?

They also come from different issuers: Roundhill and YieldMax. Their fees differ too: 0.99% for NVDW and 1.14% for ULTY.

Which has better risk-adjusted returns?

NVDW currently has the higher Sharpe Ratio (1.13 vs 0.20), 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.