NVDY vs. HDV
NVDY (YieldMax NVDA Option Income Strategy ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - NVDY is a Derivative Income fund actively managed by YieldMax, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. NVDY is actively managed, while HDV is passively managed. Over the past 3 years, NVDY returned 54.54%/yr vs 14.94%/yr for HDV. At a correlation of -0.07, they often move in opposite directions. NVDY charges 0.99%/yr vs 0.08%/yr for HDV.
Performance
NVDY vs. HDV - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with NVDY having a 13.06% return and HDV slightly lower at 12.69%.
NVDY
- 1D
- -2.22%
- 1M
- 5.54%
- YTD
- 13.06%
- 6M
- 17.67%
- 1Y
- 46.64%
- 3Y*
- 54.54%
- 5Y*
- —
- 10Y*
- —
HDV
- 1D
- 0.37%
- 1M
- 0.29%
- YTD
- 12.69%
- 6M
- 12.16%
- 1Y
- 20.35%
- 3Y*
- 14.94%
- 5Y*
- 10.32%
- 10Y*
- 9.26%
NVDY vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVDY YieldMax NVDA Option Income Strategy ETF | 13.06% | 27.38% | 114.23% | 42.02% |
HDV iShares Core High Dividend ETF | 12.69% | 11.90% | 14.16% | 5.97% |
Correlation
The correlation between NVDY and HDV is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since May 12, 2023 | -0.07 |
The correlation between NVDY and HDV shifts across timeframes, from -0.22 (1 year) to -0.07 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
NVDY vs. HDV — Risk / Return Rank
NVDY
HDV
NVDY vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Option Income Strategy ETF (NVDY) and iShares Core High Dividend ETF (HDV). 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.
| NVDY | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.36 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 3.95 | -0.29 |
| Martin ratioReturn relative to average drawdown | 9.00 | 11.02 | -2.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NVDY | HDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 2.10 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.81 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.64 | 0.72 | +0.91 |
Drawdowns
NVDY vs. HDV - Drawdown Comparison
The maximum NVDY drawdown since its inception was -34.08%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for NVDY and HDV.
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Drawdown Indicators
| NVDY | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.08% | -37.04% | +2.96% |
Max Drawdown (1Y)Largest decline over 1 year | -12.81% | -5.18% | -7.63% |
Max Drawdown (3Y)Largest decline over 3 years | -34.08% | -10.49% | -23.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.04% | — |
Current DrawdownCurrent decline from peak | -6.66% | -2.54% | -4.12% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -3.09% | -3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.20% | 1.85% | +3.35% |
Volatility
NVDY vs. HDV - Volatility Comparison
YieldMax NVDA Option Income Strategy ETF (NVDY) has a higher volatility of 9.46% compared to iShares Core High Dividend ETF (HDV) at 3.19%. This indicates that NVDY's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDY | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.46% | 3.19% | +6.27% |
Volatility (6M)Calculated over the trailing 6-month period | 20.68% | 7.56% | +13.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.35% | 9.73% | +17.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.24% | 12.82% | +25.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.24% | 15.73% | +22.51% |
NVDY vs. HDV - Expense Ratio Comparison
NVDY has a 0.99% expense ratio, which is higher than HDV's 0.08% expense ratio.
Dividends
NVDY vs. HDV - Dividend Comparison
NVDY's dividend yield for the trailing twelve months is around 61.36%, more than HDV's 2.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 2.91% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
NVDY YieldMax NVDA Option Income Strategy ETF | 61.36% | 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 HDV have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDY has higher volatility (9.46%) compared to HDV (3.19%). In terms of maximum drawdown, NVDY dropped -34.08% vs HDV's -37.04%.
On 3-year performance, NVDY leads with 54.54% vs 14.94% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, NVDY has performed better with a 54.54% return vs 14.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HDV is cheaper with a 0.08% expense ratio, compared with 0.99% for NVDY.
NVDY has the higher dividend yield at 61.36%, compared with 2.91% for HDV.
NVDY is categorized as Derivative Income, while HDV is Dividend. They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for NVDY and 0.08% for HDV.
HDV currently has the higher Sharpe Ratio (2.10 vs 1.72), 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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