NVDW vs. ULTY

Last updated Jun 3, 2026

NVDW (Roundhill ETF Trust 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 69.46% vs 11.03% for ULTY. A 0.51 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 ETF Trust 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

In the year-to-date period, NVDW achieves a 21.04% return, which is significantly higher than ULTY's 12.54% return.

NVDW

• 1D: -0.85%
• 1M: 14.26%
• YTD: 21.04%
• 6M: 24.66%
• 1Y: 69.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ULTY

• 1D: 0.98%
• 1M: 6.02%
• YTD: 12.54%
• 6M: 12.64%
• 1Y: 11.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDW vs. ULTY - Yearly Performance Comparison

	2026 (YTD)	2025
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF	21.04%	40.00%
ULTY YieldMax Ultra Option Income Strategy ETF	12.54%	-1.35%

Correlation

The correlation between NVDW and ULTY is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 3, 2025	0.51

Return for Risk

NVDW vs. ULTY — Risk / Return Rank

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

ULTY

ULTY Risk / Return Rank: 16
ULTY Sharpe Ratio Rank: 17
ULTY Sortino Ratio Rank: 17
ULTY Omega Ratio Rank: 17
ULTY Calmar Ratio Rank: 14
ULTY Martin Ratio Rank: 13

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 ETF Trust 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NVDW	ULTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.71	0.20	+1.51

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	-6.74%	-7.72%	+0.98%
Average Drawdown Average peak-to-trough decline	-8.18%	-9.37%	+1.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.30%	—

Volatility

Volatility by Period

	NVDW	ULTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	40.99%	20.75%	+20.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.99%	26.93%	+14.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.99%	26.93%	+14.06%

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 55.71%, less than ULTY's 110.59% yield.

Position	TTM	2025	2024
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF	55.71%	38.94%	0.00%
ULTY YieldMax Ultra Option Income Strategy ETF	110.59%	142.99%	111.70%

Frequently Asked Questions

Can I hold both NVDW and ULTY in my portfolio?

NVDW and ULTY have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NVDW or ULTY?

On 1-year performance, NVDW leads with 69.46% vs 11.03% for ULTY. On fees, NVDW is cheaper at 0.99% per year. 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 69.46% return vs 11.03%. 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 110.59%, compared with 55.71% 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.