NVDW vs. YMAX

Last updated Jul 21, 2026

NVDW (Roundhill NVDA WeeklyPay ETF) and YMAX (YieldMax Universe Fund of Option Income ETFs) are both Derivative Income funds. Both are actively managed. Over the past year, NVDW returned 15.35% vs -6.89% for YMAX. A 0.51 correlation means they provide meaningful diversification when combined. NVDW charges 0.99%/yr vs 1.28%/yr for YMAX.

Performance

NVDW vs. YMAX - Performance Comparison

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

Returns By Period

In the year-to-date period, NVDW achieves a 7.47% return, which is significantly higher than YMAX's -0.74% return.

NVDW

• 1D: -0.21%
• 1M: -4.86%
• 6M: 7.94%
• YTD: 7.47%
• 1Y: 15.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 37.55%

YMAX

• 1D: 0.00%
• 1M: -4.39%
• 6M: -3.15%
• YTD: -0.74%
• 1Y: -6.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.25%

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

NVDW vs. YMAX - Yearly Performance Comparison

	2026 (YTD)	2025
NVDW Roundhill NVDA WeeklyPay ETF	7.47%	33.44%
YMAX YieldMax Universe Fund of Option Income ETFs	-0.74%	4.63%

Correlation

The correlation between NVDW and YMAX 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 (1Y) Calculated over the trailing 1-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025	0.51

The correlation between NVDW and YMAX has been stable across timeframes, ranging from 0.51 to 0.51 - a consistent structural relationship.

Return for Risk

NVDW vs. YMAX — Risk / Return Rank

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

NVDW

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

YMAX

YMAX Risk / Return Rank: 7
YMAX Sharpe Ratio Rank: 7
YMAX Sortino Ratio Rank: 7
YMAX Omega Ratio Rank: 7
YMAX Calmar Ratio Rank: 7
YMAX Martin Ratio Rank: 7

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. YMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill NVDA WeeklyPay ETF (NVDW) and YieldMax Universe Fund of Option Income ETFs (YMAX). 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	YMAX	Difference
Sharpe ratio: Return per unit of total volatility	0.36	-0.29	+0.65
Sortino ratio: Return per unit of downside risk	0.81	-0.24	+1.05
Omega ratio: Gain probability vs. loss probability	1.09	0.97	+0.12
Calmar ratio: Return relative to maximum drawdown	0.60	-0.26	+0.87
Martin ratio: Return relative to average drawdown	1.28	-0.60	+1.88

NVDW vs. YMAX - Sharpe Ratio Comparison

The current NVDW Sharpe Ratio is 0.36, which is higher than the YMAX Sharpe Ratio of -0.29. The chart below compares the historical Sharpe Ratios of NVDW and YMAX, 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. YMAX - Drawdown Comparison

The maximum NVDW drawdown since its inception was -25.54%, roughly equal to the maximum YMAX drawdown of -26.13%. Use the drawdown chart below to compare losses from any high point for NVDW and YMAX.

Drawdown Indicators

	NVDW	YMAX	Difference
Max Drawdown Largest peak-to-trough decline	-25.54%	-26.13%	+0.59%
Max Drawdown (1Y) Largest decline over 1 year	-25.54%	-26.13%	+0.59%
Current Drawdown Current decline from peak	-17.20%	-12.00%	-5.20%
Average Drawdown Average peak-to-trough decline	-9.09%	-6.48%	-2.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.01%	11.52%	+0.49%

Volatility

NVDW vs. YMAX - Volatility Comparison

Roundhill NVDA WeeklyPay ETF (NVDW) has a higher volatility of 12.90% compared to YieldMax Universe Fund of Option Income ETFs (YMAX) at 6.50%. This indicates that NVDW's price experiences larger fluctuations and is considered to be riskier than YMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDW	YMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.90%	6.50%	+6.40%
Volatility (6M) Calculated over the trailing 6-month period	33.04%	20.15%	+12.89%
Volatility (1Y) Calculated over the trailing 1-year period	42.96%	23.99%	+18.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.01%	23.53%	+18.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.01%	23.53%	+18.48%

NVDW vs. YMAX - Expense Ratio Comparison

NVDW has a 0.99% expense ratio, which is lower than YMAX's 1.28% expense ratio.

Dividends

NVDW vs. YMAX - Dividend Comparison

NVDW's dividend yield for the trailing twelve months is around 64.55%, less than YMAX's 74.50% yield.

Position	TTM	2025	2024
NVDW Roundhill NVDA WeeklyPay ETF	64.55%	38.94%	0.00%
YMAX YieldMax Universe Fund of Option Income ETFs	74.50%	78.70%	44.20%

Frequently Asked Questions

Can I hold both NVDW and YMAX in my portfolio?

NVDW and YMAX 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 is riskier, NVDW or YMAX?

NVDW has higher volatility (12.90%) compared to YMAX (6.50%). In terms of maximum drawdown, NVDW dropped -25.54% vs YMAX's -26.13%.

Which ETF is better, NVDW or YMAX?

On 1-year performance, NVDW leads with 15.35% vs -6.89% for YMAX. On fees, NVDW is cheaper at 0.99% per year. On volatility, YMAX has been the lower-risk option at 6.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDW or YMAX?

Over the 1-year period, NVDW has performed better with a 15.35% return vs -6.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDW or YMAX?

NVDW is cheaper with a 0.99% expense ratio, compared with 1.28% for YMAX.

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

YMAX has the higher dividend yield at 74.50%, compared with 64.55% for NVDW.

What is the main difference between NVDW and YMAX?

They also come from different issuers: Roundhill and YieldMax. Their fees differ too: 0.99% for NVDW and 1.28% for YMAX.

Which has better risk-adjusted returns?

NVDW currently has the higher Sharpe Ratio (0.36 vs -0.29), 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.