NVDY vs. PFLT
NVDY (YieldMax NVDA Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax, while PFLT (PennantPark Floating Rate Capital Ltd.) is a stock. Over the past 3 years, NVDY returned 52.53%/yr vs 0.05%/yr for PFLT. At a 0.18 correlation, their price movements are largely independent.
Performance
NVDY vs. PFLT - Performance Comparison
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Returns By Period
In the year-to-date period, NVDY achieves a 11.48% return, which is significantly higher than PFLT's -13.49% return.
NVDY
- 1D
- 1.89%
- 1M
- -4.04%
- YTD
- 11.48%
- 6M
- 14.39%
- 1Y
- 38.93%
- 3Y*
- 52.53%
- 5Y*
- —
- 10Y*
- —
PFLT
- 1D
- -1.32%
- 1M
- -8.82%
- YTD
- -13.49%
- 6M
- -11.20%
- 1Y
- -17.85%
- 3Y*
- 0.05%
- 5Y*
- 0.63%
- 10Y*
- 5.33%
NVDY vs. PFLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVDY YieldMax NVDA Option Income Strategy ETF | 11.48% | 27.38% | 114.23% | 41.31% |
PFLT PennantPark Floating Rate Capital Ltd. | -13.49% | -4.17% | 0.62% | 21.55% |
Correlation
The correlation between NVDY and PFLT is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since May 11, 2023 | 0.18 |
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Return for Risk
NVDY vs. PFLT — Risk / Return Rank
NVDY
PFLT
NVDY vs. PFLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Option Income Strategy ETF (NVDY) and PennantPark Floating Rate Capital Ltd. (PFLT). 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 | PFLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.25 | ||
| Sortino ratioReturn per unit of downside risk | +3.03 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.87 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | -0.82 | +3.87 |
| Martin ratioReturn relative to average drawdown | 7.04 | -1.50 | +8.54 |
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Drawdowns
NVDY vs. PFLT - Drawdown Comparison
The maximum NVDY drawdown since its inception was -34.08%, smaller than the maximum PFLT drawdown of -69.77%. Use the drawdown chart below to compare losses from any high point for NVDY and PFLT.
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Drawdown Indicators
| NVDY | PFLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.08% | -69.77% | +35.69% |
Max Drawdown (1Y)Largest decline over 1 year | -12.81% | -21.90% | +9.09% |
Max Drawdown (3Y)Largest decline over 3 years | -34.08% | -22.96% | -11.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.77% | — |
Current DrawdownCurrent decline from peak | -7.97% | -22.85% | +14.88% |
Average DrawdownAverage peak-to-trough decline | -6.19% | -8.33% | +2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 11.93% | -6.39% |
Volatility
NVDY vs. PFLT - Volatility Comparison
YieldMax NVDA Option Income Strategy ETF (NVDY) has a higher volatility of 9.77% compared to PennantPark Floating Rate Capital Ltd. (PFLT) at 8.03%. This indicates that NVDY's price experiences larger fluctuations and is considered to be riskier than PFLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDY | PFLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.77% | 8.03% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 21.68% | 17.12% | +4.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.13% | 20.81% | +7.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.18% | 21.28% | +16.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.18% | 28.98% | +9.20% |
Dividends
NVDY vs. PFLT - Dividend Comparison
NVDY's dividend yield for the trailing twelve months is around 66.89%, more than PFLT's 16.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDY YieldMax NVDA Option Income Strategy ETF | 66.89% | 83.10% | 83.65% | 22.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PFLT PennantPark Floating Rate Capital Ltd. | 16.18% | 13.27% | 11.25% | 9.98% | 10.38% | 8.93% | 10.83% | 9.24% | 9.59% | 8.31% | 8.08% | 10.04% |
Frequently Asked Questions
NVDY and PFLT have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDY has higher volatility (9.77%) compared to PFLT (8.03%). In terms of maximum drawdown, NVDY dropped -34.08% vs PFLT's -69.77%.
NVDY currently has the higher Sharpe Ratio (1.39 vs -0.86), 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.
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