NVDY vs. NVDX
Compare and contrast key facts about YieldMax NVDA Option Income Strategy ETF (NVDY) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX).
NVDY and NVDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVDY is an actively managed fund by YieldMax. It was launched on May 10, 2023. NVDX is an actively managed fund by REX Shares. It was launched on Oct 19, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDY or NVDX.
Performance
NVDY vs. NVDX - Performance Comparison
Returns By Period
In the year-to-date period, NVDY achieves a 131.18% return, which is significantly lower than NVDX's 497.76% return.
NVDY
131.18%
4.07%
36.09%
140.47%
N/A
N/A
NVDX
497.76%
2.01%
59.16%
506.39%
N/A
N/A
Key characteristics
| NVDY | NVDX | |
|---|---|---|
| Sharpe Ratio | 3.33 | 4.55 |
| Sortino Ratio | 3.65 | 3.56 |
| Omega Ratio | 1.52 | 1.45 |
| Calmar Ratio | 6.66 | 9.26 |
| Martin Ratio | 22.12 | 24.44 |
| Ulcer Index | 6.37% | 19.42% |
| Daily Std Dev | 42.36% | 104.26% |
| Max Drawdown | -21.19% | -51.26% |
| Current Drawdown | 0.00% | -4.51% |
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NVDY vs. NVDX - Expense Ratio Comparison
NVDY has a 0.99% expense ratio, which is lower than NVDX's 1.05% expense ratio.
Correlation
The correlation between NVDY and NVDX 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.
Risk-Adjusted Performance
NVDY vs. NVDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Option Income Strategy ETF (NVDY) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX). 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. NVDX - Dividend Comparison
NVDY's dividend yield for the trailing twelve months is around 71.42%, while NVDX has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
NVDY YieldMax NVDA Option Income Strategy ETF | 71.42% | 22.32% |
NVDX T-REX 2X Long NVIDIA Daily Target ETF | 0.00% | 0.00% |
Drawdowns
NVDY vs. NVDX - Drawdown Comparison
The maximum NVDY drawdown since its inception was -21.19%, smaller than the maximum NVDX drawdown of -51.26%. Use the drawdown chart below to compare losses from any high point for NVDY and NVDX. For additional features, visit the drawdowns tool.
Volatility
NVDY vs. NVDX - Volatility Comparison
The current volatility for YieldMax NVDA Option Income Strategy ETF (NVDY) is 8.53%, while T-REX 2X Long NVIDIA Daily Target ETF (NVDX) has a volatility of 20.89%. This indicates that NVDY experiences smaller price fluctuations and is considered to be less risky than NVDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.