NVDY vs. OARK
Compare and contrast key facts about YieldMax NVDA Option Income Strategy ETF (NVDY) and YieldMax Innovation Option Income Strategy ETF (OARK).
NVDY and OARK 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. OARK is an actively managed fund by YieldMax. It was launched on Nov 22, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDY or OARK.
Correlation
The correlation between NVDY and OARK is 0.70, 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. OARK - Performance Comparison
Key characteristics
NVDY:
0.37
OARK:
0.13
NVDY:
0.79
OARK:
0.40
NVDY:
1.11
OARK:
1.05
NVDY:
0.52
OARK:
0.13
NVDY:
1.43
OARK:
0.41
NVDY:
12.41%
OARK:
10.90%
NVDY:
48.55%
OARK:
34.51%
NVDY:
-34.08%
OARK:
-35.48%
NVDY:
-25.87%
OARK:
-22.51%
Returns By Period
In the year-to-date period, NVDY achieves a -20.00% return, which is significantly lower than OARK's -12.66% return.
NVDY
-20.00%
-5.64%
-22.41%
17.11%
N/A
N/A
OARK
-12.66%
-3.16%
-4.97%
4.52%
N/A
N/A
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NVDY vs. OARK - Expense Ratio Comparison
Both NVDY and OARK have an expense ratio of 0.99%.
Risk-Adjusted Performance
NVDY vs. OARK — Risk-Adjusted Performance Rank
NVDY
OARK
NVDY vs. OARK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Option Income Strategy ETF (NVDY) and YieldMax Innovation Option Income Strategy ETF (OARK). 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. OARK - Dividend Comparison
NVDY's dividend yield for the trailing twelve months is around 117.44%, more than OARK's 60.13% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
NVDY YieldMax NVDA Option Income Strategy ETF | 117.44% | 83.65% | 22.32% |
OARK YieldMax Innovation Option Income Strategy ETF | 60.13% | 47.85% | 45.04% |
Drawdowns
NVDY vs. OARK - Drawdown Comparison
The maximum NVDY drawdown since its inception was -34.08%, roughly equal to the maximum OARK drawdown of -35.48%. Use the drawdown chart below to compare losses from any high point for NVDY and OARK. For additional features, visit the drawdowns tool.
Volatility
NVDY vs. OARK - Volatility Comparison
YieldMax NVDA Option Income Strategy ETF (NVDY) and YieldMax Innovation Option Income Strategy ETF (OARK) have volatilities of 19.51% and 18.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.