NVDW vs. XYLD

Last updated Aug 2, 2026

NVDW (Roundhill NVDA WeeklyPay ETF) and XYLD (Global X S&P 500 Covered Call ETF) are both Derivative Income funds. NVDW is actively managed, while XYLD is passively managed. Over the past year, NVDW returned 13.25% vs 18.90% for XYLD. Their 0.52 correlation means they have sometimes moved together and sometimes differently. NVDW charges 0.99%/yr vs 0.60%/yr for XYLD.

Performance

NVDW vs. XYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill NVDA WeeklyPay ETF (NVDW) and Global X S&P 500 Covered Call ETF (XYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDW achieves a 6.34% return, which is significantly lower than XYLD's 8.05% return.

NVDW

• 1D: 3.90%
• 1M: 3.43%
• 6M: 3.83%
• YTD: 6.34%
• 1Y: 13.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 35.18%

XYLD

• 1D: 0.49%
• 1M: 1.82%
• 6M: 6.81%
• YTD: 8.05%
• 1Y: 18.90%
• 3Y*: 11.51%
• 5Y*: 7.90%
• 10Y*: 8.34%
• ALL TIME*: 8.37%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NVDW Roundhill NVDA WeeklyPay ETF	$1.52M	$1.61M	$2.95M
XYLD Global X S&P 500 Covered Call ETF	$36.93M	$37.58M	$32.35M

NVDW vs. XYLD - Yearly Performance Comparison

	2026 (YTD)	2025
NVDW Roundhill NVDA WeeklyPay ETF	6.34%	33.44%
XYLD Global X S&P 500 Covered Call ETF	8.05%	12.87%

Correlation

The correlation between NVDW and XYLD is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.55
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025	0.52

The correlation between NVDW and XYLD has been stable across timeframes, ranging from 0.52 to 0.55 - a consistent structural relationship.

Return for Risk

NVDW vs. XYLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NVDW

NVDW Risk / Return Rank: 17
NVDW Sharpe Ratio Rank: 16
NVDW Sortino Ratio Rank: 19
NVDW Omega Ratio Rank: 18
NVDW Calmar Ratio Rank: 18
NVDW Martin Ratio Rank: 17

XYLD

XYLD Risk / Return Rank: 93
XYLD Sharpe Ratio Rank: 93
XYLD Sortino Ratio Rank: 94
XYLD Omega Ratio Rank: 95
XYLD Calmar Ratio Rank: 87
XYLD Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NVDW vs. XYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill NVDA WeeklyPay ETF (NVDW) and Global X S&P 500 Covered Call ETF (XYLD). 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	XYLD	Difference
Sharpe ratio: Return per unit of total volatility	0.23	2.53	-2.29
Sortino ratio: Return per unit of downside risk	0.64	3.60	-2.95
Omega ratio: Gain probability vs. loss probability	1.07	1.56	-0.49
Calmar ratio: Return relative to maximum drawdown	0.40	3.40	-3.01
Martin ratio: Return relative to average drawdown	0.81	17.69	-16.88

NVDW vs. XYLD - Sharpe Ratio Comparison

The current NVDW Sharpe Ratio is 0.23, which is lower than the XYLD Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of NVDW and XYLD, 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. XYLD - Drawdown Comparison

The maximum NVDW drawdown since its inception was -25.54%, smaller than the maximum XYLD drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for NVDW and XYLD.

Drawdown Indicators

	NVDW	XYLD	Difference
Max Drawdown Largest peak-to-trough decline	-25.54%	-33.46%	+7.92%
Max Drawdown (1Y) Largest decline over 1 year	-25.54%	-5.29%	-20.25%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.53%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.46%	—
Current Drawdown Current decline from peak	-18.07%	0.00%	-18.07%
Average Drawdown Average peak-to-trough decline	-9.36%	-3.68%	-5.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.49%	1.02%	+11.47%

Volatility

NVDW vs. XYLD - Volatility Comparison

Roundhill NVDA WeeklyPay ETF (NVDW) has a higher volatility of 14.31% compared to Global X S&P 500 Covered Call ETF (XYLD) at 1.92%. This indicates that NVDW's price experiences larger fluctuations and is considered to be riskier than XYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDW	XYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.31%	1.92%	+12.39%
Volatility (6M) Calculated over the trailing 6-month period	33.63%	5.97%	+27.66%
Volatility (1Y) Calculated over the trailing 1-year period	43.58%	7.13%	+36.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.33%	11.27%	+31.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.33%	14.15%	+28.18%

NVDW vs. XYLD - Expense Ratio Comparison

NVDW has a 0.99% expense ratio, which is higher than XYLD's 0.60% expense ratio.

Dividends

NVDW vs. XYLD - Dividend Comparison

NVDW's dividend yield for the trailing twelve months is around 62.58%, more than XYLD's 10.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVDW Roundhill NVDA WeeklyPay ETF	62.58%	38.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XYLD Global X S&P 500 Covered Call ETF	10.53%	10.51%	11.54%	10.51%	13.43%	9.07%	7.93%	5.76%	7.12%	5.18%	3.23%	4.65%

Frequently Asked Questions

Can I hold both NVDW and XYLD in my portfolio?

NVDW and XYLD have a correlation of 0.55, 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 XYLD?

NVDW has higher volatility (14.31%) compared to XYLD (1.92%). In terms of maximum drawdown, NVDW dropped -25.54% vs XYLD's -33.46%.

Which ETF is better, NVDW or XYLD?

On 1-year performance, XYLD leads with 18.90% vs 13.25% for NVDW. On fees, XYLD is cheaper at 0.60% per year. On volatility, XYLD has been the lower-risk option at 1.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDW or XYLD?

Over the 1-year period, XYLD has performed better with a 18.90% return vs 13.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDW or XYLD?

XYLD is cheaper with a 0.60% expense ratio, compared with 0.99% for NVDW.

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

NVDW has the higher dividend yield at 62.58%, compared with 10.53% for XYLD.

What is the main difference between NVDW and XYLD?

They also come from different issuers: Roundhill and Global X. Their fees differ too: 0.99% for NVDW and 0.60% for XYLD.

Which has better risk-adjusted returns?

XYLD currently has the higher Sharpe Ratio (2.53 vs 0.23), 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.