NVDY vs. CONY
Compare and contrast key facts about YieldMax NVDA Option Income Strategy ETF (NVDY) and YieldMax COIN Option Income Strategy ETF (CONY).
NVDY and CONY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVDY is an actively managed fund by YieldMax. It was launched on May 10, 2023. CONY is an actively managed fund by YieldMax. It was launched on Aug 14, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDY or CONY.
Correlation
The correlation between NVDY and CONY is 0.40, 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
NVDY vs. CONY - Performance Comparison
Key characteristics
NVDY:
0.42
CONY:
-0.18
NVDY:
0.85
CONY:
0.20
NVDY:
1.12
CONY:
1.02
NVDY:
0.59
CONY:
-0.24
NVDY:
1.66
CONY:
-0.53
NVDY:
12.19%
CONY:
22.56%
NVDY:
48.61%
CONY:
66.64%
NVDY:
-34.09%
CONY:
-50.34%
NVDY:
-29.53%
CONY:
-39.90%
Returns By Period
In the year-to-date period, NVDY achieves a -23.96% return, which is significantly lower than CONY's -21.85% return.
NVDY
-23.96%
-14.66%
-25.36%
11.98%
N/A
N/A
CONY
-21.85%
-6.98%
-5.97%
-19.57%
N/A
N/A
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NVDY vs. CONY - Expense Ratio Comparison
Both NVDY and CONY have an expense ratio of 0.99%.
Risk-Adjusted Performance
NVDY vs. CONY — Risk-Adjusted Performance Rank
NVDY
CONY
NVDY vs. CONY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Option Income Strategy ETF (NVDY) and YieldMax COIN Option Income Strategy ETF (CONY). 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.
Dividends
NVDY vs. CONY - Dividend Comparison
NVDY's dividend yield for the trailing twelve months is around 113.08%, less than CONY's 191.45% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
NVDY YieldMax NVDA Option Income Strategy ETF | 113.08% | 83.65% | 22.32% |
CONY YieldMax COIN Option Income Strategy ETF | 191.45% | 155.65% | 16.44% |
Drawdowns
NVDY vs. CONY - Drawdown Comparison
The maximum NVDY drawdown since its inception was -34.09%, smaller than the maximum CONY drawdown of -50.34%. Use the drawdown chart below to compare losses from any high point for NVDY and CONY. For additional features, visit the drawdowns tool.
Volatility
NVDY vs. CONY - Volatility Comparison
YieldMax NVDA Option Income Strategy ETF (NVDY) and YieldMax COIN Option Income Strategy ETF (CONY) have volatilities of 19.53% and 19.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.