NVDY vs. NVYY

Last updated Aug 6, 2026

NVDY (YieldMax NVDA Option Income Strategy ETF) and NVYY (GraniteShares YieldBOOST NVDA ETF) are both exchange-traded funds - NVDY is a Derivative Income fund actively managed by YieldMax, while NVYY is a Leveraged Equities fund actively managed by GraniteShares. Both are actively managed. Over the past year, NVDY returned 23.53% vs 3.34% for NVYY. Their correlation of 0.88 means they have usually moved in the same direction. NVDY charges 0.99%/yr vs 1.15%/yr for NVYY.

Performance

NVDY vs. NVYY - Performance Comparison

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

Returns By Period

In the year-to-date period, NVDY achieves a 15.28% return, which is significantly higher than NVYY's 2.22% return.

NVDY

• 1D: 2.79%
• 1M: 9.20%
• 6M: 21.22%
• YTD: 15.28%
• 1Y: 23.53%
• 3Y*: 53.15%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 58.57%

NVYY

• 1D: 0.07%
• 1M: 0.55%
• 6M: 4.79%
• YTD: 2.22%
• 1Y: 3.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 27.57%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NVDY YieldMax NVDA Option Income Strategy ETF	$27.89M	$27.94M	$36.54M
NVYY GraniteShares YieldBOOST NVDA ETF	$411.29K	$472.16K	$983.08K

NVDY vs. NVYY - Yearly Performance Comparison

	2026 (YTD)	2025
NVDY YieldMax NVDA Option Income Strategy ETF	15.28%	44.87%
NVYY GraniteShares YieldBOOST NVDA ETF	2.22%	31.98%

Correlation

The correlation between NVDY and NVYY is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (All Time) Calculated using the full available price history since May 13, 2025	0.88

The correlation between NVDY and NVYY has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.

Return for Risk

NVDY vs. NVYY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NVDY

NVDY Risk / Return Rank: 32
NVDY Sharpe Ratio Rank: 30
NVDY Sortino Ratio Rank: 29
NVDY Omega Ratio Rank: 28
NVDY Calmar Ratio Rank: 38
NVDY Martin Ratio Rank: 33

NVYY

NVYY Risk / Return Rank: 13
NVYY Sharpe Ratio Rank: 13
NVYY Sortino Ratio Rank: 13
NVYY Omega Ratio Rank: 13
NVYY Calmar Ratio Rank: 13
NVYY Martin Ratio Rank: 13

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NVDY vs. NVYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Option Income Strategy ETF (NVDY) and GraniteShares YieldBOOST NVDA ETF (NVYY). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NVDY	NVYY	Difference
Sharpe ratio: Return per unit of total volatility	0.81	0.14	+0.66
Sortino ratio: Return per unit of downside risk	1.24	0.34	+0.90
Omega ratio: Gain probability vs. loss probability	1.15	1.05	+0.11
Calmar ratio: Return relative to maximum drawdown	1.54	0.22	+1.32
Martin ratio: Return relative to average drawdown	3.50	0.47	+3.03

NVDY vs. NVYY - Sharpe Ratio Comparison

The current NVDY Sharpe Ratio is 0.81, which is higher than the NVYY Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of NVDY and NVYY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NVDY vs. NVYY - Drawdown Comparison

The maximum NVDY drawdown since its inception was -34.08%, which is greater than NVYY's maximum drawdown of -14.90%. Use the drawdown chart below to compare losses from any high point for NVDY and NVYY.

Drawdown Indicators

	NVDY	NVYY	Difference
Max Drawdown Largest peak-to-trough decline	-34.08%	-14.90%	-19.18%
Max Drawdown (1Y) Largest decline over 1 year	-15.31%	-14.90%	-0.41%
Max Drawdown (3Y) Largest decline over 3 years	-34.08%	—	—
Current Drawdown Current decline from peak	-4.82%	-7.03%	+2.21%
Average Drawdown Average peak-to-trough decline	-6.36%	-5.26%	-1.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.74%	7.12%	-0.38%

Volatility

NVDY vs. NVYY - Volatility Comparison

YieldMax NVDA Option Income Strategy ETF (NVDY) has a higher volatility of 10.19% compared to GraniteShares YieldBOOST NVDA ETF (NVYY) at 3.80%. This indicates that NVDY's price experiences larger fluctuations and is considered to be riskier than NVYY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDY	NVYY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.19%	3.80%	+6.39%
Volatility (6M) Calculated over the trailing 6-month period	22.67%	14.23%	+8.44%
Volatility (1Y) Calculated over the trailing 1-year period	29.34%	23.50%	+5.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.94%	22.89%	+15.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.94%	22.89%	+15.05%

NVDY vs. NVYY - Expense Ratio Comparison

NVDY has a 0.99% expense ratio, which is lower than NVYY's 1.15% expense ratio.

Dividends

NVDY vs. NVYY - Dividend Comparison

NVDY's dividend yield for the trailing twelve months is around 59.42%, less than NVYY's 132.51% yield.

Position	TTM	2025	2024	2023
NVDY YieldMax NVDA Option Income Strategy ETF	59.42%	83.10%	83.65%	22.32%
NVYY GraniteShares YieldBOOST NVDA ETF	132.51%	75.30%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NVDY and NVYY in my portfolio?

NVDY and NVYY have a correlation of 0.89, 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 NVYY?

NVDY has higher volatility (10.19%) compared to NVYY (3.80%). In terms of maximum drawdown, NVDY dropped -34.08% vs NVYY's -14.90%.

Which ETF is better, NVDY or NVYY?

On 1-year performance, NVDY leads with 23.53% vs 3.34% for NVYY. On fees, NVDY is cheaper at 0.99% per year. On volatility, NVYY has been the lower-risk option at 3.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDY or NVYY?

Over the 1-year period, NVDY has performed better with a 23.53% return vs 3.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDY or NVYY?

NVDY is cheaper with a 0.99% expense ratio, compared with 1.15% for NVYY.

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

NVYY has the higher dividend yield at 132.51%, compared with 59.42% for NVDY.

What is the main difference between NVDY and NVYY?

NVDY is categorized as Derivative Income, while NVYY is Leveraged Equities. They also come from different issuers: YieldMax and GraniteShares. Their fees differ too: 0.99% for NVDY and 1.15% for NVYY.

Which has better risk-adjusted returns?

NVDY currently has the higher Sharpe Ratio (0.81 vs 0.14), 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.