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NVDY vs. OARK
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

NVDY vs. OARK - Performance Comparison

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

-10.00%0.00%10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
33.45%
11.32%
NVDY
OARK

Returns By Period

In the year-to-date period, NVDY achieves a 119.01% return, which is significantly higher than OARK's 4.41% return.


NVDY

YTD

119.01%

1M

1.64%

6M

34.20%

1Y

130.92%

5Y (annualized)

N/A

10Y (annualized)

N/A

OARK

YTD

4.41%

1M

4.75%

6M

11.32%

1Y

22.61%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


NVDYOARK
Sharpe Ratio3.100.89
Sortino Ratio3.481.31
Omega Ratio1.501.17
Calmar Ratio6.161.10
Martin Ratio20.492.76
Ulcer Index6.37%8.65%
Daily Std Dev42.27%26.92%
Max Drawdown-21.19%-27.24%
Current Drawdown-3.84%-4.49%

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NVDY vs. OARK - Expense Ratio Comparison

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


NVDY
YieldMax NVDA Option Income Strategy ETF
Expense ratio chart for NVDY: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%
Expense ratio chart for OARK: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%

Correlation

-0.50.00.51.00.4

The correlation between NVDY and OARK is 0.36, 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.

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.


Sharpe ratio
The chart of Sharpe ratio for NVDY, currently valued at 3.10, compared to the broader market0.002.004.003.100.89
The chart of Sortino ratio for NVDY, currently valued at 3.48, compared to the broader market-2.000.002.004.006.008.0010.003.481.31
The chart of Omega ratio for NVDY, currently valued at 1.50, compared to the broader market0.501.001.502.002.503.001.501.17
The chart of Calmar ratio for NVDY, currently valued at 6.16, compared to the broader market0.005.0010.0015.006.161.10
The chart of Martin ratio for NVDY, currently valued at 20.49, compared to the broader market0.0020.0040.0060.0080.00100.0020.492.76
NVDY
OARK

The current NVDY Sharpe Ratio is 3.10, which is higher than the OARK Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of NVDY and OARK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
3.10
0.89
NVDY
OARK

Dividends

NVDY vs. OARK - Dividend Comparison

NVDY's dividend yield for the trailing twelve months is around 75.39%, more than OARK's 40.47% yield.


TTM2023
NVDY
YieldMax NVDA Option Income Strategy ETF
75.39%22.32%
OARK
YieldMax Innovation Option Income Strategy ETF
40.47%45.04%

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.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-3.84%
-4.49%
NVDY
OARK

Volatility

NVDY vs. OARK - Volatility Comparison

The current volatility for YieldMax NVDA Option Income Strategy ETF (NVDY) is 8.15%, while YieldMax Innovation Option Income Strategy ETF (OARK) has a volatility of 11.09%. This indicates that NVDY experiences smaller price fluctuations and is considered to be less risky than OARK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
8.15%
11.09%
NVDY
OARK