NVDY vs. FIYY

Last updated Jul 16, 2026

NVDY (YieldMax NVDA Option Income Strategy ETF) and FIYY (GraniteShares YieldBOOST 20Y+ Treasuries ETF) are both Derivative Income funds. Both are actively managed. At a 0.25 correlation, their price movements are largely independent. NVDY charges 0.99%/yr vs 1.07%/yr for FIYY.

Performance

NVDY vs. FIYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax NVDA Option Income Strategy ETF (NVDY) and GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NVDY

• 1D: 0.23%
• 1M: 0.33%
• 6M: 12.47%
• YTD: 11.98%
• 1Y: 25.25%
• 3Y*: 50.61%
• 5Y*: —
• 10Y*: —

FIYY

• 1D: 0.02%
• 1M: -0.45%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDY vs. FIYY - Yearly Performance Comparison

	2026 (YTD)
NVDY YieldMax NVDA Option Income Strategy ETF	4.53%
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	-1.83%

Correlation

The correlation between NVDY and FIYY is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 5, 2026	0.25

Return for Risk

NVDY vs. FIYY — Risk / Return Rank

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

NVDY

NVDY Risk / Return Rank: 32
NVDY Sharpe Ratio Rank: 29
NVDY Sortino Ratio Rank: 29
NVDY Omega Ratio Rank: 28
NVDY Calmar Ratio Rank: 42
NVDY Martin Ratio Rank: 33

FIYY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

NVDY vs. FIYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Option Income Strategy ETF (NVDY) and GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY). 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	FIYY	Difference
Sharpe ratio: Return per unit of total volatility	0.89	—	—
Sortino ratio: Return per unit of downside risk	1.35	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	1.73	—	—
Martin ratio: Return relative to average drawdown	4.03	—	—

Drawdowns

NVDY vs. FIYY - Drawdown Comparison

The maximum NVDY drawdown since its inception was -34.08%, which is greater than FIYY's maximum drawdown of -2.51%. Use the drawdown chart below to compare losses from any high point for NVDY and FIYY.

Drawdown Indicators

	NVDY	FIYY	Difference
Max Drawdown Largest peak-to-trough decline	-34.08%	-2.51%	-31.57%
Max Drawdown (1Y) Largest decline over 1 year	-14.67%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-34.08%	—	—
Current Drawdown Current decline from peak	-7.55%	-1.95%	-5.60%
Average Drawdown Average peak-to-trough decline	-6.29%	-1.49%	-4.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.28%	—	—

Volatility

Volatility by Period

	NVDY	FIYY	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.77%	5.00%	+23.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.00%	5.00%	+33.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.00%	5.00%	+33.00%

NVDY vs. FIYY - Expense Ratio Comparison

NVDY has a 0.99% expense ratio, which is lower than FIYY's 1.07% expense ratio.

Dividends

NVDY vs. FIYY - Dividend Comparison

NVDY's dividend yield for the trailing twelve months is around 65.26%, more than FIYY's 1.13% yield.

Position	TTM	2025	2024	2023
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	1.13%	0.00%	0.00%	0.00%
NVDY YieldMax NVDA Option Income Strategy ETF	65.26%	83.10%	83.65%	22.32%

Frequently Asked Questions

Can I hold both NVDY and FIYY in my portfolio?

NVDY and FIYY have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NVDY or FIYY?

On fees, NVDY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NVDY or FIYY?

NVDY is cheaper with a 0.99% expense ratio, compared with 1.07% for FIYY.

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

NVDY has the higher dividend yield at 65.26%, compared with 1.13% for FIYY.

What is the main difference between NVDY and FIYY?

They also come from different issuers: YieldMax and GraniteShares. Their fees differ too: 0.99% for NVDY and 1.07% for FIYY.