NVDY vs. QQQ
Compare and contrast key facts about YieldMax NVDA Option Income Strategy ETF (NVDY) and Invesco QQQ (QQQ).
NVDY and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDY or QQQ.
Key characteristics
NVDY | QQQ | |
---|---|---|
YTD Return | 121.29% | 22.66% |
1Y Return | 155.20% | 44.21% |
Sharpe Ratio | 3.83 | 2.67 |
Sortino Ratio | 4.02 | 3.42 |
Omega Ratio | 1.59 | 1.47 |
Calmar Ratio | 7.55 | 3.38 |
Martin Ratio | 25.22 | 12.40 |
Ulcer Index | 6.34% | 3.70% |
Daily Std Dev | 41.77% | 17.17% |
Max Drawdown | -21.19% | -82.98% |
Current Drawdown | -0.38% | -0.42% |
Correlation
The correlation between NVDY and QQQ is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NVDY vs. QQQ - Performance Comparison
In the year-to-date period, NVDY achieves a 121.29% return, which is significantly higher than QQQ's 22.66% 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. QQQ - Expense Ratio Comparison
NVDY has a 0.99% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
NVDY vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Option Income Strategy ETF (NVDY) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
NVDY's dividend yield for the trailing twelve months is around 69.43%, more than QQQ's 0.61% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
YieldMax NVDA Option Income Strategy ETF | 69.43% | 22.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
NVDY vs. QQQ - Drawdown Comparison
The maximum NVDY drawdown since its inception was -21.19%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for NVDY and QQQ. For additional features, visit the drawdowns tool.
Volatility
NVDY vs. QQQ - Volatility Comparison
YieldMax NVDA Option Income Strategy ETF (NVDY) has a higher volatility of 7.96% compared to Invesco QQQ (QQQ) at 3.89%. This indicates that NVDY's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.