NVDY vs. QQQ
NVDY (YieldMax NVDA Option Income Strategy ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - NVDY is a Derivative Income fund actively managed by YieldMax, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. NVDY is actively managed, while QQQ is passively managed. Over the past 3 years, NVDY returned 54.54%/yr vs 28.78%/yr for QQQ. A 0.70 correlation means they provide meaningful diversification when combined. NVDY charges 0.99%/yr vs 0.18%/yr for QQQ.
Performance
NVDY vs. QQQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NVDY achieves a 13.06% return, which is significantly lower than QQQ's 21.30% return.
NVDY
- 1D
- -2.22%
- 1M
- 5.54%
- YTD
- 13.06%
- 6M
- 17.67%
- 1Y
- 46.64%
- 3Y*
- 54.54%
- 5Y*
- —
- 10Y*
- —
QQQ
- 1D
- -0.26%
- 1M
- 10.60%
- YTD
- 21.30%
- 6M
- 19.66%
- 1Y
- 41.82%
- 3Y*
- 28.78%
- 5Y*
- 17.97%
- 10Y*
- 21.94%
NVDY vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVDY YieldMax NVDA Option Income Strategy ETF | 13.06% | 27.38% | 114.23% | 42.02% |
QQQ Invesco QQQ ETF | 21.30% | 20.77% | 25.58% | 26.22% |
Correlation
The correlation between NVDY and QQQ is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since May 12, 2023 | 0.70 |
The correlation between NVDY and QQQ has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NVDY vs. QQQ — Risk / Return Rank
NVDY
QQQ
NVDY vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Option Income Strategy ETF (NVDY) and Invesco QQQ ETF (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.
| NVDY | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.45 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 3.51 | +0.15 |
| Martin ratioReturn relative to average drawdown | 9.00 | 13.49 | -4.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| NVDY | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 2.64 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.81 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.99 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.64 | 0.41 | +1.22 |
Drawdowns
NVDY vs. QQQ - Drawdown Comparison
The maximum NVDY drawdown since its inception was -34.08%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for NVDY and QQQ.
Loading charts...
Drawdown Indicators
| NVDY | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.08% | -82.97% | +48.89% |
Max Drawdown (1Y)Largest decline over 1 year | -12.81% | -11.96% | -0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -34.08% | -22.77% | -11.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -6.66% | -0.26% | -6.40% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -32.79% | +26.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.20% | 3.11% | +2.09% |
Volatility
NVDY vs. QQQ - Volatility Comparison
YieldMax NVDA Option Income Strategy ETF (NVDY) has a higher volatility of 9.46% compared to Invesco QQQ ETF (QQQ) at 4.49%. 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.
Loading charts...
Volatility by Period
| NVDY | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.46% | 4.49% | +4.97% |
Volatility (6M)Calculated over the trailing 6-month period | 20.68% | 12.10% | +8.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.35% | 15.94% | +11.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.24% | 22.38% | +15.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.24% | 22.29% | +15.95% |
NVDY vs. QQQ - Expense Ratio Comparison
NVDY has a 0.99% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Dividends
NVDY vs. QQQ - Dividend Comparison
NVDY's dividend yield for the trailing twelve months is around 61.36%, more than QQQ's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDY YieldMax NVDA Option Income Strategy ETF | 61.36% | 83.10% | 83.65% | 22.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.38% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
NVDY and QQQ have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDY has higher volatility (9.46%) compared to QQQ (4.49%). In terms of maximum drawdown, NVDY dropped -34.08% vs QQQ's -82.97%.
On 3-year performance, NVDY leads with 54.54% vs 28.78% for QQQ. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, NVDY has performed better with a 54.54% return vs 28.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQ is cheaper with a 0.18% expense ratio, compared with 0.99% for NVDY.
NVDY has the higher dividend yield at 61.36%, compared with 0.38% for QQQ.
NVDY is categorized as Derivative Income, while QQQ is Nasdaq-100. They also come from different issuers: YieldMax and Invesco. Their fees differ too: 0.99% for NVDY and 0.18% for QQQ.
QQQ currently has the higher Sharpe Ratio (2.64 vs 1.72), 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.
Find the right allocation for NVDY and QQQ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer