NVDY vs. NVDA

Last updated Jun 6, 2026

NVDY (YieldMax NVDA Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax, while NVDA (NVIDIA Corporation) is a stock. Over the past 3 years, NVDY returned 52.84%/yr vs 74.54%/yr for NVDA. With a 0.97 correlation, they move nearly in lockstep.

Performance

NVDY vs. NVDA - Performance Comparison

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

Returns By Period

In the year-to-date period, NVDY achieves a 8.72% return, which is significantly lower than NVDA's 10.11% return.

NVDY

• 1D: -5.04%
• 1M: -1.80%
• YTD: 8.72%
• 6M: 11.04%
• 1Y: 41.90%
• 3Y*: 52.84%
• 5Y*: —
• 10Y*: —

NVDA

• 1D: -6.20%
• 1M: -1.20%
• YTD: 10.11%
• 6M: 12.58%
• 1Y: 46.72%
• 3Y*: 74.54%
• 5Y*: 63.58%
• 10Y*: 68.14%

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

NVDY vs. NVDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NVDY YieldMax NVDA Option Income Strategy ETF	8.72%	27.38%	114.23%	42.02%
NVDA NVIDIA Corporation	10.11%	38.92%	171.25%	73.33%

Correlation

The correlation between NVDY and NVDA is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (All Time) Calculated using the full available price history since May 12, 2023	0.97

The correlation between NVDY and NVDA has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

Return for Risk

NVDY vs. NVDA — Risk / Return Rank

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

NVDY

NVDY Risk / Return Rank: 49
NVDY Sharpe Ratio Rank: 45
NVDY Sortino Ratio Rank: 41
NVDY Omega Ratio Rank: 41
NVDY Calmar Ratio Rank: 68
NVDY Martin Ratio Rank: 49

NVDA

NVDA Risk / Return Rank: 76
NVDA Sharpe Ratio Rank: 79
NVDA Sortino Ratio Rank: 73
NVDA Omega Ratio Rank: 70
NVDA Calmar Ratio Rank: 77
NVDA Martin Ratio Rank: 78

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. NVDA - Risk-Adjusted Trends 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.

	NVDY	NVDA	Difference
Sharpe ratio: Return per unit of total volatility	1.51	1.35	+0.16
Sortino ratio: Return per unit of downside risk	2.05	1.92	+0.12
Omega ratio: Gain probability vs. loss probability	1.26	1.23	+0.03
Calmar ratio: Return relative to maximum drawdown	3.29	2.32	+0.96
Martin ratio: Return relative to average drawdown	8.01	5.67	+2.34
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. NVDA - Sharpe Ratio Comparison

The current NVDY Sharpe Ratio is 1.51, which is comparable to the NVDA Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of NVDY and NVDA, 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	NVDA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	1.35	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.23	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.57	0.62	+0.95

Drawdowns

NVDY vs. NVDA - Drawdown Comparison

The maximum NVDY drawdown since its inception was -34.08%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for NVDY and NVDA.

Drawdown Indicators

	NVDY	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-34.08%	-89.72%	+55.64%
Max Drawdown (1Y) Largest decline over 1 year	-12.81%	-20.21%	+7.40%
Max Drawdown (3Y) Largest decline over 3 years	-34.08%	-36.88%	+2.80%
Max Drawdown (5Y) Largest decline over 5 years	—	-66.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.34%	—
Current Drawdown Current decline from peak	-10.24%	-12.90%	+2.66%
Average Drawdown Average peak-to-trough decline	-6.16%	-36.20%	+30.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.25%	8.27%	-3.02%

Volatility

NVDY vs. NVDA - Volatility Comparison

The current volatility for YieldMax NVDA Option Income Strategy ETF (NVDY) is 10.07%, while NVIDIA Corporation (NVDA) has a volatility of 13.15%. 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.

Volatility by Period

	NVDY	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.07%	13.15%	-3.08%
Volatility (6M) Calculated over the trailing 6-month period	21.37%	26.39%	-5.02%
Volatility (1Y) Calculated over the trailing 1-year period	27.82%	34.76%	-6.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.31%	51.73%	-13.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.31%	49.84%	-11.53%

Dividends

NVDY vs. NVDA - Dividend Comparison

NVDY's dividend yield for the trailing twelve months is around 65.44%, more than NVDA's 0.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVDA NVIDIA Corporation	0.14%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%
NVDY YieldMax NVDA Option Income Strategy ETF	65.44%	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

Can I hold both NVDY and NVDA in my portfolio?

With a correlation of 0.99, NVDY and NVDA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, NVDY or NVDA?

NVDA has higher volatility (13.15%) compared to NVDY (10.07%). In terms of maximum drawdown, NVDY dropped -34.08% vs NVDA's -89.72%.

Which has better risk-adjusted returns?

NVDY currently has the higher Sharpe Ratio (1.51 vs 1.35), 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.