NVDY vs. SPY
Compare and contrast key facts about YieldMax NVDA Option Income Strategy ETF (NVDY) and SPDR S&P 500 ETF (SPY).
NVDY and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDY or SPY.
Performance
NVDY vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, NVDY achieves a 125.58% return, which is significantly higher than SPY's 25.41% return.
NVDY
125.58%
1.63%
37.66%
135.17%
N/A
N/A
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
| NVDY | SPY | |
|---|---|---|
| Sharpe Ratio | 3.18 | 2.62 |
| Sortino Ratio | 3.55 | 3.50 |
| Omega Ratio | 1.51 | 1.49 |
| Calmar Ratio | 6.36 | 3.78 |
| Martin Ratio | 21.12 | 17.00 |
| Ulcer Index | 6.37% | 1.87% |
| Daily Std Dev | 42.31% | 12.14% |
| Max Drawdown | -21.19% | -55.19% |
| Current Drawdown | -0.96% | -1.38% |
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NVDY vs. SPY - Expense Ratio Comparison
NVDY has a 0.99% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between NVDY and SPY is 0.58, 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. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Option Income Strategy ETF (NVDY) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
NVDY's dividend yield for the trailing twelve months is around 73.19%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDY YieldMax NVDA Option Income Strategy ETF | 73.19% | 22.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
NVDY vs. SPY - Drawdown Comparison
The maximum NVDY drawdown since its inception was -21.19%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NVDY and SPY. For additional features, visit the drawdowns tool.
Volatility
NVDY vs. SPY - Volatility Comparison
YieldMax NVDA Option Income Strategy ETF (NVDY) has a higher volatility of 8.44% compared to SPDR S&P 500 ETF (SPY) at 4.09%. This indicates that NVDY's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.