NVDY vs. TSLY
Compare and contrast key facts about YieldMax NVDA Option Income Strategy ETF (NVDY) and YieldMax TSLA Option Income Strategy ETF (TSLY).
NVDY and TSLY 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. TSLY is an actively managed fund by YieldMax. It was launched on Nov 22, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDY or TSLY.
Performance
NVDY vs. TSLY - Performance Comparison
Returns By Period
In the year-to-date period, NVDY achieves a 131.18% return, which is significantly higher than TSLY's 16.40% return.
NVDY
131.18%
4.07%
36.09%
140.47%
N/A
N/A
TSLY
16.40%
40.60%
47.95%
29.08%
N/A
N/A
Key characteristics
| NVDY | TSLY | |
|---|---|---|
| Sharpe Ratio | 3.33 | 0.57 |
| Sortino Ratio | 3.65 | 1.08 |
| Omega Ratio | 1.52 | 1.14 |
| Calmar Ratio | 6.66 | 0.57 |
| Martin Ratio | 22.12 | 1.42 |
| Ulcer Index | 6.37% | 18.32% |
| Daily Std Dev | 42.36% | 45.52% |
| Max Drawdown | -21.19% | -45.63% |
| Current Drawdown | 0.00% | -3.71% |
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NVDY vs. TSLY - Expense Ratio Comparison
Both NVDY and TSLY have an expense ratio of 0.99%.
Correlation
The correlation between NVDY and TSLY is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
NVDY vs. TSLY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Option Income Strategy ETF (NVDY) and YieldMax TSLA Option Income Strategy ETF (TSLY). 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. TSLY - Dividend Comparison
NVDY's dividend yield for the trailing twelve months is around 71.42%, more than TSLY's 68.36% yield.
| TTM | 2023 | |
|---|---|---|
NVDY YieldMax NVDA Option Income Strategy ETF | 71.42% | 22.32% |
TSLY YieldMax TSLA Option Income Strategy ETF | 68.36% | 76.47% |
Drawdowns
NVDY vs. TSLY - Drawdown Comparison
The maximum NVDY drawdown since its inception was -21.19%, smaller than the maximum TSLY drawdown of -45.63%. Use the drawdown chart below to compare losses from any high point for NVDY and TSLY. For additional features, visit the drawdowns tool.
Volatility
NVDY vs. TSLY - Volatility Comparison
The current volatility for YieldMax NVDA Option Income Strategy ETF (NVDY) is 8.53%, while YieldMax TSLA Option Income Strategy ETF (TSLY) has a volatility of 20.35%. This indicates that NVDY experiences smaller price fluctuations and is considered to be less risky than TSLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.