NVDY vs. NVDW

Last updated Jun 5, 2026

NVDY (YieldMax NVDA Option Income Strategy ETF) and NVDW (Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Over the past year, NVDY returned 47.85% vs 59.61% for NVDW. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.99% expense ratio.

Performance

NVDY vs. NVDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax NVDA Option Income Strategy ETF (NVDY) and Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW). 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 lower than NVDW's 18.30% return.

NVDY

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

NVDW

• 1D: 2.02%
• 1M: 13.37%
• YTD: 18.30%
• 6M: 20.44%
• 1Y: 59.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDY vs. NVDW - Yearly Performance Comparison

	2026 (YTD)	2025
NVDY YieldMax NVDA Option Income Strategy ETF	14.49%	31.85%
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF	18.30%	40.00%

Correlation

The correlation between NVDY and NVDW 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 (All Time) Calculated using the full available price history since Jun 3, 2025	0.99

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

Return for Risk

NVDY vs. NVDW — 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

NVDW

NVDW Risk / Return Rank: 41
NVDW Sharpe Ratio Rank: 42
NVDW Sortino Ratio Rank: 41
NVDW Omega Ratio Rank: 38
NVDW Calmar Ratio Rank: 48
NVDW Martin Ratio Rank: 37

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. NVDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Option Income Strategy ETF (NVDY) and Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW). 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	NVDW	Difference
Sharpe ratio: Return per unit of total volatility	1.76	1.46	+0.30
Sortino ratio: Return per unit of downside risk	2.34	2.06	+0.28
Omega ratio: Gain probability vs. loss probability	1.29	1.25	+0.05
Calmar ratio: Return relative to maximum drawdown	3.75	2.35	+1.41
Martin ratio: Return relative to average drawdown	9.22	5.69	+3.53
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. NVDW - Sharpe Ratio Comparison

The current NVDY Sharpe Ratio is 1.76, which is comparable to the NVDW Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of NVDY and NVDW, 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	NVDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.76	1.46	+0.30
Sharpe Ratio (All Time) Calculated using the full available price history	1.65	1.59	+0.06

Drawdowns

NVDY vs. NVDW - Drawdown Comparison

The maximum NVDY drawdown since its inception was -34.08%, which is greater than NVDW's maximum drawdown of -25.54%. Use the drawdown chart below to compare losses from any high point for NVDY and NVDW.

Drawdown Indicators

	NVDY	NVDW	Difference
Max Drawdown Largest peak-to-trough decline	-34.08%	-25.54%	-8.54%
Max Drawdown (1Y) Largest decline over 1 year	-12.81%	-25.54%	+12.73%
Max Drawdown (3Y) Largest decline over 3 years	-34.08%	—	—
Current Drawdown Current decline from peak	-5.47%	-8.85%	+3.38%
Average Drawdown Average peak-to-trough decline	-6.15%	-8.19%	+2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.21%	10.51%	-5.30%

Volatility

NVDY vs. NVDW - Volatility Comparison

The current volatility for YieldMax NVDA Option Income Strategy ETF (NVDY) is 9.43%, while Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW) has a volatility of 14.99%. This indicates that NVDY experiences smaller price fluctuations and is considered to be less risky than NVDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDY	NVDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.43%	14.99%	-5.56%
Volatility (6M) Calculated over the trailing 6-month period	20.71%	30.78%	-10.07%
Volatility (1Y) Calculated over the trailing 1-year period	27.33%	41.06%	-13.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.22%	41.11%	-2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.22%	41.11%	-2.89%

NVDY vs. NVDW - Expense Ratio Comparison

Both NVDY and NVDW have an expense ratio of 0.99%.

Dividends

NVDY vs. NVDW - Dividend Comparison

NVDY's dividend yield for the trailing twelve months is around 62.14%, more than NVDW's 57.01% yield.

Position	TTM	2025	2024	2023
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF	57.01%	38.94%	0.00%	0.00%
NVDY YieldMax NVDA Option Income Strategy ETF	62.14%	83.10%	83.65%	22.32%

Frequently Asked Questions

Can I hold both NVDY and NVDW in my portfolio?

With a correlation of 0.99, NVDY and NVDW 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 NVDW?

NVDW has higher volatility (14.99%) compared to NVDY (9.43%). In terms of maximum drawdown, NVDY dropped -34.08% vs NVDW's -25.54%.

Which ETF is better, NVDY or NVDW?

On 1-year performance, NVDW leads with 59.61% vs 47.85% for NVDY. Both ETFs have the same 0.99% expense ratio. On volatility, NVDY has been the lower-risk option at 9.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDY or NVDW?

Over the 1-year period, NVDW has performed better with a 59.61% return vs 47.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDY or NVDW?

NVDY and NVDW have the same expense ratio: 0.99% per year.

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

NVDY has the higher dividend yield at 62.14%, compared with 57.01% for NVDW.

What is the main difference between NVDY and NVDW?

They also come from different issuers: YieldMax and Roundhill.

Which has better risk-adjusted returns?

NVDY currently has the higher Sharpe Ratio (1.76 vs 1.46), 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.