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.
Key characteristics
| NVDY | OARK | |
|---|---|---|
| YTD Return | 118.94% | -0.42% |
| 1Y Return | 153.97% | 26.24% |
| Sharpe Ratio | 3.65 | 1.12 |
| Sortino Ratio | 3.90 | 1.56 |
| Omega Ratio | 1.57 | 1.20 |
| Calmar Ratio | 7.20 | 1.15 |
| Martin Ratio | 24.03 | 3.36 |
| Ulcer Index | 6.35% | 8.60% |
| Daily Std Dev | 41.77% | 25.85% |
| Max Drawdown | -21.19% | -27.24% |
| Current Drawdown | -1.44% | -5.48% |
Correlation
The correlation between NVDY and OARK is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NVDY vs. OARK - Performance Comparison
In the year-to-date period, NVDY achieves a 118.94% return, which is significantly higher than OARK's -0.42% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 70.18%, more than OARK's 42.26% yield.
| TTM | 2023 | |
|---|---|---|
NVDY YieldMax NVDA Option Income Strategy ETF | 70.18% | 22.32% |
OARK YieldMax Innovation Option Income Strategy ETF | 42.26% | 45.03% |
Drawdowns
NVDY vs. OARK - Drawdown Comparison
The maximum NVDY drawdown since its inception was -21.19%, smaller than the maximum OARK drawdown of -27.24%. 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) has a higher volatility of 7.13% compared to YieldMax Innovation Option Income Strategy ETF (OARK) at 5.90%. This indicates that NVDY's price experiences larger fluctuations and is considered to be riskier than OARK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.