NVDY vs. CALM
NVDY (YieldMax NVDA Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax, while CALM (Cal-Maine Foods, Inc.) is a stock. Over the past 3 years, NVDY returned 52.53%/yr vs 24.07%/yr for CALM. At a 0.00 correlation, their price movements are largely independent.
Performance
NVDY vs. CALM - Performance Comparison
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Returns By Period
In the year-to-date period, NVDY achieves a 11.48% return, which is significantly higher than CALM's -1.01% return.
NVDY
- 1D
- 1.89%
- 1M
- -4.04%
- YTD
- 11.48%
- 6M
- 14.39%
- 1Y
- 38.93%
- 3Y*
- 52.53%
- 5Y*
- —
- 10Y*
- —
CALM
- 1D
- -0.73%
- 1M
- -0.68%
- YTD
- -1.01%
- 6M
- -8.09%
- 1Y
- -20.64%
- 3Y*
- 24.07%
- 5Y*
- 22.74%
- 10Y*
- 9.71%
NVDY vs. CALM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVDY YieldMax NVDA Option Income Strategy ETF | 11.48% | 27.38% | 114.23% | 41.31% |
CALM Cal-Maine Foods, Inc. | -1.01% | -15.61% | 87.00% | 22.26% |
Correlation
The correlation between NVDY and CALM is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since May 11, 2023 | 0.00 |
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Return for Risk
NVDY vs. CALM — Risk / Return Rank
NVDY
CALM
NVDY vs. CALM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Option Income Strategy ETF (NVDY) and Cal-Maine Foods, Inc. (CALM). 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.
| NVDY | CALM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.03 | ||
| Sortino ratioReturn per unit of downside risk | +2.69 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.91 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | -0.56 | +3.61 |
| Martin ratioReturn relative to average drawdown | 7.04 | -0.85 | +7.89 |
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Drawdowns
NVDY vs. CALM - Drawdown Comparison
The maximum NVDY drawdown since its inception was -34.08%, smaller than the maximum CALM drawdown of -74.08%. Use the drawdown chart below to compare losses from any high point for NVDY and CALM.
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Drawdown Indicators
| NVDY | CALM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.08% | -74.08% | +40.00% |
Max Drawdown (1Y)Largest decline over 1 year | -12.81% | -37.00% | +24.19% |
Max Drawdown (3Y)Largest decline over 3 years | -34.08% | -37.00% | +2.92% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.00% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.12% | — |
Current DrawdownCurrent decline from peak | -7.97% | -31.50% | +23.53% |
Average DrawdownAverage peak-to-trough decline | -6.19% | -30.31% | +24.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 24.26% | -18.72% |
Volatility
NVDY vs. CALM - Volatility Comparison
YieldMax NVDA Option Income Strategy ETF (NVDY) has a higher volatility of 9.77% compared to Cal-Maine Foods, Inc. (CALM) at 6.08%. This indicates that NVDY's price experiences larger fluctuations and is considered to be riskier than CALM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDY | CALM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.77% | 6.08% | +3.69% |
Volatility (6M)Calculated over the trailing 6-month period | 21.68% | 20.30% | +1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.13% | 32.73% | -4.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.18% | 32.63% | +5.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.18% | 31.13% | +7.05% |
Dividends
NVDY vs. CALM - Dividend Comparison
NVDY's dividend yield for the trailing twelve months is around 66.89%, more than CALM's 6.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CALM Cal-Maine Foods, Inc. | 6.18% | 10.90% | 2.82% | 7.51% | 3.17% | 0.09% | 0.00% | 0.98% | 1.03% | 0.00% | 2.70% | 4.10% |
NVDY YieldMax NVDA Option Income Strategy ETF | 66.89% | 83.10% | 83.65% | 22.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NVDY and CALM have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDY has higher volatility (9.77%) compared to CALM (6.08%). In terms of maximum drawdown, NVDY dropped -34.08% vs CALM's -74.08%.
NVDY currently has the higher Sharpe Ratio (1.39 vs -0.63), 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.
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