NVDY vs. VOE
NVDY (YieldMax NVDA Option Income Strategy ETF) and VOE (Vanguard Mid-Cap Value ETF) are both exchange-traded funds - NVDY is a Derivative Income fund actively managed by YieldMax, while VOE is a Mid Cap Value Equities fund tracking the CRSP US Mid Cap Value Index. NVDY is actively managed, while VOE is passively managed. Over the past 3 years, NVDY returned 51.33%/yr vs 16.04%/yr for VOE. At a 0.19 correlation, their price movements are largely independent. NVDY charges 0.99%/yr vs 0.05%/yr for VOE.
Performance
NVDY vs. VOE - Performance Comparison
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Returns By Period
In the year-to-date period, NVDY achieves a 8.91% return, which is significantly lower than VOE's 12.81% return.
NVDY
- 1D
- 0.08%
- 1M
- -7.09%
- YTD
- 8.91%
- 6M
- 14.71%
- 1Y
- 36.80%
- 3Y*
- 51.33%
- 5Y*
- —
- 10Y*
- —
VOE
- 1D
- 1.10%
- 1M
- 3.67%
- YTD
- 12.81%
- 6M
- 11.83%
- 1Y
- 24.24%
- 3Y*
- 16.04%
- 5Y*
- 8.93%
- 10Y*
- 10.92%
NVDY vs. VOE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVDY YieldMax NVDA Option Income Strategy ETF | 8.91% | 27.38% | 114.23% | 41.31% |
VOE Vanguard Mid-Cap Value ETF | 12.81% | 12.08% | 14.00% | 11.98% |
Correlation
The correlation between NVDY and VOE is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since May 11, 2023 | 0.19 |
The correlation between NVDY and VOE shifts across timeframes, from 0.09 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NVDY vs. VOE — Risk / Return Rank
NVDY
VOE
NVDY vs. VOE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Option Income Strategy ETF (NVDY) and Vanguard Mid-Cap Value ETF (VOE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NVDY | VOE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.36 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 3.52 | -0.63 |
| Martin ratioReturn relative to average drawdown | 6.79 | 13.34 | -6.55 |
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Drawdowns
NVDY vs. VOE - Drawdown Comparison
The maximum NVDY drawdown since its inception was -34.08%, smaller than the maximum VOE drawdown of -61.50%. Use the drawdown chart below to compare losses from any high point for NVDY and VOE.
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Drawdown Indicators
| NVDY | VOE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.08% | -61.50% | +27.42% |
Max Drawdown (1Y)Largest decline over 1 year | -12.81% | -6.93% | -5.88% |
Max Drawdown (3Y)Largest decline over 3 years | -34.08% | -18.45% | -15.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.18% | — |
Current DrawdownCurrent decline from peak | -10.09% | 0.00% | -10.09% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -8.34% | +2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.44% | 1.83% | +3.61% |
Volatility
NVDY vs. VOE - Volatility Comparison
YieldMax NVDA Option Income Strategy ETF (NVDY) has a higher volatility of 10.45% compared to Vanguard Mid-Cap Value ETF (VOE) at 3.19%. This indicates that NVDY's price experiences larger fluctuations and is considered to be riskier than VOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDY | VOE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.45% | 3.19% | +7.26% |
Volatility (6M)Calculated over the trailing 6-month period | 21.66% | 8.30% | +13.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.06% | 11.63% | +16.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.24% | 16.06% | +22.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.24% | 18.83% | +19.41% |
NVDY vs. VOE - Expense Ratio Comparison
NVDY has a 0.99% expense ratio, which is higher than VOE's 0.05% expense ratio.
Dividends
NVDY vs. VOE - Dividend Comparison
NVDY's dividend yield for the trailing twelve months is around 66.87%, more than VOE's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDY YieldMax NVDA Option Income Strategy ETF | 66.87% | 83.10% | 83.65% | 22.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOE Vanguard Mid-Cap Value ETF | 1.84% | 2.10% | 2.11% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% |
Frequently Asked Questions
NVDY and VOE have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDY has higher volatility (10.45%) compared to VOE (3.19%). In terms of maximum drawdown, NVDY dropped -34.08% vs VOE's -61.50%.
On 3-year performance, NVDY leads with 51.33% vs 16.04% for VOE. On fees, VOE is cheaper at 0.05% per year. On volatility, VOE has been the lower-risk option at 3.19%. 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 51.33% return vs 16.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOE is cheaper with a 0.05% expense ratio, compared with 0.99% for NVDY.
NVDY has the higher dividend yield at 66.87%, compared with 1.84% for VOE.
NVDY is categorized as Derivative Income, while VOE is Mid Cap Value Equities. They also come from different issuers: YieldMax and Vanguard. Their fees differ too: 0.99% for NVDY and 0.05% for VOE.
VOE currently has the higher Sharpe Ratio (2.10 vs 1.32), 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.
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