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NVDX vs. NVDY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

NVDX vs. NVDY

Last updated May 15, 2025

Compare and contrast key facts about T-REX 2X Long NVIDIA Daily Target ETF (NVDX) and YieldMax NVDA Option Income Strategy ETF (NVDY).

NVDX and NVDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVDX is an actively managed fund by REX Shares. It was launched on Oct 19, 2023. NVDY is an actively managed fund by YieldMax. It was launched on May 10, 2023.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDX or NVDY.

Correlation

The correlation between NVDX and NVDY is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Performance

NVDX vs. NVDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long NVIDIA Daily Target ETF (NVDX) and YieldMax NVDA Option Income Strategy ETF (NVDY). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

NVDX:

0.24

NVDY:

0.53

Sortino Ratio

NVDX:

1.23

NVDY:

1.02

Omega Ratio

NVDX:

1.16

NVDY:

1.14

Calmar Ratio

NVDX:

0.49

NVDY:

0.82

Martin Ratio

NVDX:

0.99

NVDY:

2.08

Ulcer Index

NVDX:

33.64%

NVDY:

13.41%

Daily Std Dev

NVDX:

119.86%

NVDY:

48.40%

Max Drawdown

NVDX:

-68.19%

NVDY:

-34.09%

Current Drawdown

NVDX:

-39.14%

NVDY:

-13.54%

Returns By Period

In the year-to-date period, NVDX achieves a -21.29% return, which is significantly lower than NVDY's -6.70% return.

NVDX

YTD

-21.29%

1M

43.68%

6M

-36.55%

1Y

29.05%

5Y*

N/A

10Y*

N/A

NVDY

YTD

-6.70%

1M

15.40%

6M

-11.70%

1Y

25.60%

5Y*

N/A

10Y*

N/A

*Annualized

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NVDX vs. NVDY - Expense Ratio Comparison

NVDX has a 1.05% expense ratio, which is higher than NVDY's 0.99% expense ratio.

NVDX
T-REX 2X Long NVIDIA Daily Target ETF
NVDY
YieldMax NVDA Option Income Strategy ETF

Risk-Adjusted Performance

NVDX vs. NVDY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NVDX
The Risk-Adjusted Performance Rank of NVDX is 5050
Overall Rank
The Sharpe Ratio Rank of NVDX is 2727
Sharpe Ratio Rank
The Sortino Ratio Rank of NVDX is 7272
Sortino Ratio Rank
The Omega Ratio Rank of NVDX is 6666
Omega Ratio Rank
The Calmar Ratio Rank of NVDX is 5353
Calmar Ratio Rank
The Martin Ratio Rank of NVDX is 3232
Martin Ratio Rank
NVDY
The Risk-Adjusted Performance Rank of NVDY is 6161
Overall Rank
The Sharpe Ratio Rank of NVDY is 5050
Sharpe Ratio Rank
The Sortino Ratio Rank of NVDY is 6060
Sortino Ratio Rank
The Omega Ratio Rank of NVDY is 6262
Omega Ratio Rank
The Calmar Ratio Rank of NVDY is 7474
Calmar Ratio Rank
The Martin Ratio Rank of NVDY is 5757
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

NVDX vs. NVDY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long NVIDIA Daily Target ETF (NVDX) 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.

The current NVDX Sharpe Ratio is 0.24, which is lower than the NVDY Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of NVDX and NVDY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

NVDX vs. NVDY - Dividend Comparison

NVDX's dividend yield for the trailing twelve months is around 19.67%, less than NVDY's 93.57% yield.

TTM20242023
NVDX
T-REX 2X Long NVIDIA Daily Target ETF		19.67%15.49%0.00%
NVDY
YieldMax NVDA Option Income Strategy ETF		93.57%83.65%22.32%

Drawdowns

NVDX vs. NVDY - Drawdown Comparison

The maximum NVDX drawdown since its inception was -68.19%, which is greater than NVDY's maximum drawdown of -34.09%. Use the drawdown chart below to compare losses from any high point for NVDX and NVDY. For additional features, visit the drawdowns tool.

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Volatility

NVDX vs. NVDY - Volatility Comparison

T-REX 2X Long NVIDIA Daily Target ETF (NVDX) has a higher volatility of 30.17% compared to YieldMax NVDA Option Income Strategy ETF (NVDY) at 11.60%. This indicates that NVDX'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.

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