NVDY vs. IBID

Last updated Jun 5, 2026

NVDY (YieldMax NVDA Option Income Strategy ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - NVDY is a Derivative Income fund actively managed by YieldMax, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. NVDY is actively managed, while IBID is passively managed. Over the past year, NVDY returned 47.85% vs 4.83% for IBID. At a correlation of -0.09, they often move in opposite directions. NVDY charges 0.99%/yr vs 0.10%/yr for IBID.

Performance

NVDY vs. IBID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax NVDA Option Income Strategy ETF (NVDY) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDY achieves a 14.49% return, which is significantly higher than IBID's 2.46% return.

NVDY

• 1D: 1.27%
• 1M: 7.84%
• YTD: 14.49%
• 6M: 17.01%
• 1Y: 47.85%
• 3Y*: 55.07%
• 5Y*: —
• 10Y*: —

IBID

• 1D: 0.08%
• 1M: 0.49%
• YTD: 2.46%
• 6M: 2.57%
• 1Y: 4.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDY vs. IBID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NVDY YieldMax NVDA Option Income Strategy ETF	14.49%	27.38%	114.23%	10.43%
IBID iShares iBonds Oct 2027 Term TIPS ETF	2.46%	5.66%	4.71%	2.61%

Correlation

The correlation between NVDY and IBID is -0.19, 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	-0.19
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023	-0.09

The correlation between NVDY and IBID shifts across timeframes, from -0.19 (1 year) to -0.09 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NVDY vs. IBID — Risk / Return Rank

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

NVDY

NVDY Risk / Return Rank: 56
NVDY Sharpe Ratio Rank: 52
NVDY Sortino Ratio Rank: 48
NVDY Omega Ratio Rank: 48
NVDY Calmar Ratio Rank: 76
NVDY Martin Ratio Rank: 54

IBID

IBID Risk / Return Rank: 97
IBID Sharpe Ratio Rank: 95
IBID Sortino Ratio Rank: 97
IBID Omega Ratio Rank: 97
IBID Calmar Ratio Rank: 98
IBID Martin Ratio Rank: 96

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. IBID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Option Income Strategy ETF (NVDY) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). 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	IBID	Difference
Sharpe ratio: Return per unit of total volatility	1.76	3.91	-2.15
Sortino ratio: Return per unit of downside risk	2.34	6.75	-4.41
Omega ratio: Gain probability vs. loss probability	1.29	1.94	-0.64
Calmar ratio: Return relative to maximum drawdown	3.75	13.33	-9.57
Martin ratio: Return relative to average drawdown	9.22	39.52	-30.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVDY vs. IBID - Sharpe Ratio Comparison

The current NVDY Sharpe Ratio is 1.76, which is lower than the IBID Sharpe Ratio of 3.91. The chart below compares the historical Sharpe Ratios of NVDY and IBID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NVDY	IBID	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.76	3.91	-2.15
Sharpe Ratio (All Time) Calculated using the full available price history	1.65	2.56	-0.91

Drawdowns

NVDY vs. IBID - Drawdown Comparison

The maximum NVDY drawdown since its inception was -34.08%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for NVDY and IBID.

Drawdown Indicators

	NVDY	IBID	Difference
Max Drawdown Largest peak-to-trough decline	-34.08%	-1.28%	-32.80%
Max Drawdown (1Y) Largest decline over 1 year	-12.81%	-0.36%	-12.45%
Max Drawdown (3Y) Largest decline over 3 years	-34.08%	—	—
Current Drawdown Current decline from peak	-5.47%	0.00%	-5.47%
Average Drawdown Average peak-to-trough decline	-6.15%	-0.22%	-5.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.21%	0.12%	+5.09%

Volatility

NVDY vs. IBID - Volatility Comparison

YieldMax NVDA Option Income Strategy ETF (NVDY) has a higher volatility of 9.43% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.32%. This indicates that NVDY's price experiences larger fluctuations and is considered to be riskier than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDY	IBID	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.43%	0.32%	+9.11%
Volatility (6M) Calculated over the trailing 6-month period	20.71%	0.80%	+19.91%
Volatility (1Y) Calculated over the trailing 1-year period	27.33%	1.25%	+26.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.22%	2.25%	+35.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.22%	2.25%	+35.97%

NVDY vs. IBID - Expense Ratio Comparison

NVDY has a 0.99% expense ratio, which is higher than IBID's 0.10% expense ratio.

Dividends

NVDY vs. IBID - Dividend Comparison

NVDY's dividend yield for the trailing twelve months is around 62.14%, more than IBID's 3.66% yield.

Position	TTM	2025	2024	2023
IBID iShares iBonds Oct 2027 Term TIPS ETF	3.66%	4.43%	4.24%	0.81%
NVDY YieldMax NVDA Option Income Strategy ETF	62.14%	83.10%	83.65%	22.32%

Frequently Asked Questions

Can I hold both NVDY and IBID in my portfolio?

NVDY and IBID have a correlation of -0.19, 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 IBID?

NVDY has higher volatility (9.43%) compared to IBID (0.32%). In terms of maximum drawdown, NVDY dropped -34.08% vs IBID's -1.28%.

Which ETF is better, NVDY or IBID?

On 1-year performance, NVDY leads with 47.85% vs 4.83% for IBID. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDY or IBID?

Over the 1-year period, NVDY has performed better with a 47.85% return vs 4.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDY or IBID?

IBID is cheaper with a 0.10% expense ratio, compared with 0.99% for NVDY.

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

NVDY has the higher dividend yield at 62.14%, compared with 3.66% for IBID.

What is the main difference between NVDY and IBID?

NVDY is categorized as Derivative Income, while IBID is Inflation-Protected Bonds. They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for NVDY and 0.10% for IBID.

Which has better risk-adjusted returns?

IBID currently has the higher Sharpe Ratio (3.91 vs 1.76), 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.