NVDY vs. YBIT
NVDY (YieldMax NVDA Option Income Strategy ETF) and YBIT (YieldMax Bitcoin Option Income Strategy ETF) are both exchange-traded funds - NVDY is a Derivative Income fund actively managed by YieldMax, while YBIT is a Cryptocurrency fund actively managed by YieldMax. Both are actively managed. Over the past year, NVDY returned 26.88% vs -40.64% for YBIT. At a 0.36 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.
Performance
NVDY vs. YBIT - Performance Comparison
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Returns By Period
In the year-to-date period, NVDY achieves a 5.08% return, which is significantly higher than YBIT's -30.07% return.
NVDY
- 1D
- -1.37%
- 1M
- -6.75%
- YTD
- 5.08%
- 6M
- 4.47%
- 1Y
- 26.88%
- 3Y*
- 51.27%
- 5Y*
- —
- 10Y*
- —
YBIT
- 1D
- -0.85%
- 1M
- -19.02%
- YTD
- -30.07%
- 6M
- -29.90%
- 1Y
- -40.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVDY vs. YBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NVDY YieldMax NVDA Option Income Strategy ETF | 5.08% | 27.38% | 52.11% |
YBIT YieldMax Bitcoin Option Income Strategy ETF | -30.07% | -2.49% | 1.40% |
Correlation
The correlation between NVDY and YBIT is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2024 | 0.36 |
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Return for Risk
NVDY vs. YBIT — Risk / Return Rank
NVDY
YBIT
NVDY vs. YBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Option Income Strategy ETF (NVDY) and YieldMax Bitcoin Option Income Strategy ETF (YBIT). 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 | YBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.06 | ||
| Sortino ratioReturn per unit of downside risk | +3.03 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.81 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | -0.86 | +2.90 |
| Martin ratioReturn relative to average drawdown | 4.70 | -1.50 | +6.21 |
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Drawdowns
NVDY vs. YBIT - Drawdown Comparison
The maximum NVDY drawdown since its inception was -34.08%, smaller than the maximum YBIT drawdown of -47.30%. Use the drawdown chart below to compare losses from any high point for NVDY and YBIT.
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Drawdown Indicators
| NVDY | YBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.08% | -47.30% | +13.22% |
Max Drawdown (1Y)Largest decline over 1 year | -13.25% | -47.30% | +34.05% |
Max Drawdown (3Y)Largest decline over 3 years | -34.08% | — | — |
Current DrawdownCurrent decline from peak | -13.25% | -47.23% | +33.98% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -15.91% | +9.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 27.03% | -21.30% |
Volatility
NVDY vs. YBIT - Volatility Comparison
The current volatility for YieldMax NVDA Option Income Strategy ETF (NVDY) is 10.09%, while YieldMax Bitcoin Option Income Strategy ETF (YBIT) has a volatility of 11.55%. This indicates that NVDY experiences smaller price fluctuations and is considered to be less risky than YBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDY | YBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.09% | 11.55% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 21.47% | 29.42% | -7.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.33% | 36.83% | -8.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.15% | 38.69% | -0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.15% | 38.69% | -0.54% |
NVDY vs. YBIT - Expense Ratio Comparison
Both NVDY and YBIT have an expense ratio of 0.99%.
Dividends
NVDY vs. YBIT - Dividend Comparison
NVDY's dividend yield for the trailing twelve months is around 66.86%, less than YBIT's 106.69% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NVDY YieldMax NVDA Option Income Strategy ETF | 66.86% | 83.10% | 83.65% | 22.32% |
YBIT YieldMax Bitcoin Option Income Strategy ETF | 106.69% | 88.33% | 60.00% | 0.00% |
Frequently Asked Questions
NVDY and YBIT have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YBIT has higher volatility (11.55%) compared to NVDY (10.09%). In terms of maximum drawdown, NVDY dropped -34.08% vs YBIT's -47.30%.
On 1-year performance, NVDY leads with 26.88% vs -40.64% for YBIT. Both ETFs have the same 0.99% expense ratio. On volatility, NVDY has been the lower-risk option at 10.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NVDY has performed better with a 26.88% return vs -40.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NVDY and YBIT have the same expense ratio: 0.99% per year.
YBIT has the higher dividend yield at 106.69%, compared with 66.86% for NVDY.
NVDY is categorized as Derivative Income, while YBIT is Cryptocurrency.
NVDY currently has the higher Sharpe Ratio (0.96 vs -1.11), 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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