NVDY vs. NVDA
Compare and contrast key facts about YieldMax NVDA Option Income Strategy ETF (NVDY) and NVIDIA Corporation (NVDA).
NVDY is an actively managed fund by YieldMax. It was launched on May 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDY or NVDA.
Correlation
The correlation between NVDY and NVDA is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NVDY vs. NVDA - Performance Comparison
Key characteristics
NVDY:
2.86
NVDA:
3.44
NVDY:
3.31
NVDA:
3.64
NVDY:
1.46
NVDA:
1.46
NVDY:
5.76
NVDA:
6.66
NVDY:
18.55
NVDA:
20.59
NVDY:
6.58%
NVDA:
8.74%
NVDY:
42.63%
NVDA:
52.29%
NVDY:
-21.19%
NVDA:
-89.73%
NVDY:
-7.33%
NVDA:
-9.52%
Returns By Period
In the year-to-date period, NVDY achieves a 114.23% return, which is significantly lower than NVDA's 172.06% return.
NVDY
114.23%
-5.03%
9.51%
118.58%
N/A
N/A
NVDA
172.06%
-7.66%
6.44%
175.01%
86.75%
75.35%
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Risk-Adjusted Performance
NVDY vs. NVDA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Option Income Strategy ETF (NVDY) and NVIDIA Corporation (NVDA). 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. NVDA - Dividend Comparison
NVDY's dividend yield for the trailing twelve months is around 83.65%, more than NVDA's 0.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDY YieldMax NVDA Option Income Strategy ETF | 83.65% | 22.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVDA NVIDIA Corporation | 0.02% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% | 1.70% | 1.94% |
Drawdowns
NVDY vs. NVDA - Drawdown Comparison
The maximum NVDY drawdown since its inception was -21.19%, smaller than the maximum NVDA drawdown of -89.73%. Use the drawdown chart below to compare losses from any high point for NVDY and NVDA. For additional features, visit the drawdowns tool.
Volatility
NVDY vs. NVDA - Volatility Comparison
The current volatility for YieldMax NVDA Option Income Strategy ETF (NVDY) is 8.48%, while NVIDIA Corporation (NVDA) has a volatility of 10.07%. This indicates that NVDY experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.