NVDY vs. DOGG

Last updated Aug 5, 2026

NVDY (YieldMax NVDA Option Income Strategy ETF) and DOGG (FT Vest DJIA Dogs 10 Target Income ETF) are both Derivative Income funds. Both are actively managed. Over the past 3 years, NVDY returned 51.75%/yr vs 12.31%/yr for DOGG. Their -0.04 correlation means they have often moved in opposite directions in the past. NVDY charges 0.99%/yr vs 0.75%/yr for DOGG.

Performance

NVDY vs. DOGG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax NVDA Option Income Strategy ETF (NVDY) and FT Vest DJIA Dogs 10 Target Income ETF (DOGG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDY achieves a 12.15% return, which is significantly higher than DOGG's 11.25% return.

NVDY

• 1D: 1.87%
• 1M: 6.84%
• 6M: 13.93%
• YTD: 12.15%
• 1Y: 19.43%
• 3Y*: 51.75%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 57.29%

DOGG

• 1D: 0.22%
• 1M: 1.26%
• 6M: 3.28%
• YTD: 11.25%
• 1Y: 21.39%
• 3Y*: 12.31%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.25%

*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)
DOGG FT Vest DJIA Dogs 10 Target Income ETF	$722.59K	$710.50K	$701.56K
NVDY YieldMax NVDA Option Income Strategy ETF	$26.69M	$27.60M	$36.70M

NVDY vs. DOGG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NVDY YieldMax NVDA Option Income Strategy ETF	12.15%	27.38%	114.23%	41.31%
DOGG FT Vest DJIA Dogs 10 Target Income ETF	11.25%	19.43%	-2.58%	15.92%

Correlation

The correlation between NVDY and DOGG is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.21
Correlation (3Y) Balances recent behavior with more history.	-0.05
Correlation (All Time) Calculated using the full available price history since May 11, 2023	-0.04

The correlation between NVDY and DOGG shifts across timeframes, from -0.21 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NVDY vs. DOGG — Risk / Return Rank

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

NVDY

NVDY Risk / Return Rank: 28
NVDY Sharpe Ratio Rank: 26
NVDY Sortino Ratio Rank: 26
NVDY Omega Ratio Rank: 26
NVDY Calmar Ratio Rank: 34
NVDY Martin Ratio Rank: 30

DOGG

DOGG Risk / Return Rank: 66
DOGG Sharpe Ratio Rank: 73
DOGG Sortino Ratio Rank: 77
DOGG Omega Ratio Rank: 71
DOGG Calmar Ratio Rank: 65
DOGG Martin Ratio Rank: 44

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.

NVDY vs. DOGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Option Income Strategy ETF (NVDY) and FT Vest DJIA Dogs 10 Target Income ETF (DOGG). 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	DOGG	Difference
Sharpe ratio: Return per unit of total volatility	0.67	1.90	-1.23
Sortino ratio: Return per unit of downside risk	1.08	2.80	-1.73
Omega ratio: Gain probability vs. loss probability	1.13	1.33	-0.20
Calmar ratio: Return relative to maximum drawdown	1.27	2.59	-1.32
Martin ratio: Return relative to average drawdown	2.89	5.47	-2.58

NVDY vs. DOGG - Sharpe Ratio Comparison

The current NVDY Sharpe Ratio is 0.67, which is lower than the DOGG Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of NVDY and DOGG, 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

NVDY vs. DOGG - Drawdown Comparison

The maximum NVDY drawdown since its inception was -34.08%, which is greater than DOGG's maximum drawdown of -11.19%. Use the drawdown chart below to compare losses from any high point for NVDY and DOGG.

Drawdown Indicators

	NVDY	DOGG	Difference
Max Drawdown Largest peak-to-trough decline	-34.08%	-11.19%	-22.89%
Max Drawdown (1Y) Largest decline over 1 year	-15.31%	-8.29%	-7.02%
Max Drawdown (3Y) Largest decline over 3 years	-34.08%	-11.19%	-22.89%
Current Drawdown Current decline from peak	-7.41%	-2.21%	-5.20%
Average Drawdown Average peak-to-trough decline	-6.36%	-3.27%	-3.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.74%	3.92%	+2.82%

Volatility

NVDY vs. DOGG - Volatility Comparison

YieldMax NVDA Option Income Strategy ETF (NVDY) has a higher volatility of 9.89% compared to FT Vest DJIA Dogs 10 Target Income ETF (DOGG) at 4.38%. This indicates that NVDY's price experiences larger fluctuations and is considered to be riskier than DOGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDY	DOGG	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.89%	4.38%	+5.51%
Volatility (6M) Calculated over the trailing 6-month period	22.71%	9.24%	+13.47%
Volatility (1Y) Calculated over the trailing 1-year period	29.37%	11.35%	+18.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.94%	13.05%	+24.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.94%	13.05%	+24.89%

NVDY vs. DOGG - Expense Ratio Comparison

NVDY has a 0.99% expense ratio, which is higher than DOGG's 0.75% expense ratio.

Dividends

NVDY vs. DOGG - Dividend Comparison

NVDY's dividend yield for the trailing twelve months is around 61.08%, more than DOGG's 8.62% yield.

Position	TTM	2025	2024	2023
DOGG FT Vest DJIA Dogs 10 Target Income ETF	8.62%	8.75%	9.92%	5.89%
NVDY YieldMax NVDA Option Income Strategy ETF	61.08%	83.10%	83.65%	22.32%

Frequently Asked Questions

Can I hold both NVDY and DOGG in my portfolio?

NVDY and DOGG have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVDY or DOGG?

NVDY has higher volatility (9.89%) compared to DOGG (4.38%). In terms of maximum drawdown, NVDY dropped -34.08% vs DOGG's -11.19%.

Which ETF is better, NVDY or DOGG?

On 3-year performance, NVDY leads with 51.75% vs 12.31% for DOGG. On fees, DOGG is cheaper at 0.75% per year. On volatility, DOGG has been the lower-risk option at 4.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDY or DOGG?

Over the 3-year period, NVDY has performed better with a 51.75% return vs 12.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDY or DOGG?

DOGG is cheaper with a 0.75% expense ratio, compared with 0.99% for NVDY.

Which ETF pays a higher dividend yield, NVDY or DOGG?

NVDY has the higher dividend yield at 61.08%, compared with 8.62% for DOGG.

What is the main difference between NVDY and DOGG?

They also come from different issuers: YieldMax and FT Vest. Their fees differ too: 0.99% for NVDY and 0.75% for DOGG.

Which has better risk-adjusted returns?

DOGG currently has the higher Sharpe Ratio (1.90 vs 0.67), 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.