NVDY vs. QQQY
Compare and contrast key facts about YieldMax NVDA Option Income Strategy ETF (NVDY) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY).
NVDY and QQQY 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. QQQY is an actively managed fund by Defiance ETFs. It was launched on Sep 13, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDY or QQQY.
Performance
NVDY vs. QQQY - Performance Comparison
Returns By Period
In the year-to-date period, NVDY achieves a 119.01% return, which is significantly higher than QQQY's 10.66% return.
NVDY
119.01%
1.64%
34.20%
130.92%
N/A
N/A
QQQY
10.66%
-0.54%
5.56%
17.05%
N/A
N/A
Key characteristics
| NVDY | QQQY | |
|---|---|---|
| Sharpe Ratio | 3.10 | 1.46 |
| Sortino Ratio | 3.48 | 1.73 |
| Omega Ratio | 1.50 | 1.26 |
| Calmar Ratio | 6.16 | 1.72 |
| Martin Ratio | 20.49 | 6.11 |
| Ulcer Index | 6.37% | 2.83% |
| Daily Std Dev | 42.27% | 11.86% |
| Max Drawdown | -21.19% | -10.07% |
| Current Drawdown | -3.84% | -2.25% |
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NVDY vs. QQQY - Expense Ratio Comparison
Both NVDY and QQQY have an expense ratio of 0.99%.
Correlation
The correlation between NVDY and QQQY is 0.65, 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.
Risk-Adjusted Performance
NVDY vs. QQQY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Option Income Strategy ETF (NVDY) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). 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. QQQY - Dividend Comparison
NVDY's dividend yield for the trailing twelve months is around 75.39%, less than QQQY's 86.90% yield.
| TTM | 2023 | |
|---|---|---|
NVDY YieldMax NVDA Option Income Strategy ETF | 75.39% | 22.32% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 86.90% | 20.64% |
Drawdowns
NVDY vs. QQQY - Drawdown Comparison
The maximum NVDY drawdown since its inception was -21.19%, which is greater than QQQY's maximum drawdown of -10.07%. Use the drawdown chart below to compare losses from any high point for NVDY and QQQY. For additional features, visit the drawdowns tool.
Volatility
NVDY vs. QQQY - Volatility Comparison
YieldMax NVDA Option Income Strategy ETF (NVDY) has a higher volatility of 8.15% compared to Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) at 4.33%. This indicates that NVDY's price experiences larger fluctuations and is considered to be riskier than QQQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.