NVDY vs. YMAX
Compare and contrast key facts about YieldMax NVDA Option Income Strategy ETF (NVDY) and YieldMax Universe Fund of Option Income ETFs (YMAX).
NVDY and YMAX 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. YMAX is an actively managed fund by YieldMax. It was launched on Jan 16, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDY or YMAX.
Correlation
The correlation between NVDY and YMAX is 0.63, 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.
Performance
NVDY vs. YMAX - Performance Comparison
Key characteristics
NVDY:
0.11
YMAX:
0.08
NVDY:
0.48
YMAX:
0.28
NVDY:
1.07
YMAX:
1.04
NVDY:
0.17
YMAX:
0.08
NVDY:
0.47
YMAX:
0.28
NVDY:
12.04%
YMAX:
7.40%
NVDY:
48.65%
YMAX:
25.72%
NVDY:
-34.09%
YMAX:
-25.55%
NVDY:
-31.89%
YMAX:
-18.08%
Returns By Period
In the year-to-date period, NVDY achieves a -26.50% return, which is significantly lower than YMAX's -12.40% return.
NVDY
-26.50%
-15.60%
-29.11%
11.81%
N/A
N/A
YMAX
-12.40%
-6.55%
-5.15%
2.89%
N/A
N/A
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NVDY vs. YMAX - Expense Ratio Comparison
NVDY has a 0.99% expense ratio, which is lower than YMAX's 1.28% expense ratio.
Risk-Adjusted Performance
NVDY vs. YMAX — Risk-Adjusted Performance Rank
NVDY
YMAX
NVDY vs. YMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Option Income Strategy ETF (NVDY) and YieldMax Universe Fund of Option Income ETFs (YMAX). 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. YMAX - Dividend Comparison
NVDY's dividend yield for the trailing twelve months is around 116.99%, more than YMAX's 65.29% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
NVDY YieldMax NVDA Option Income Strategy ETF | 116.99% | 83.65% | 22.32% |
YMAX YieldMax Universe Fund of Option Income ETFs | 65.29% | 44.21% | 0.00% |
Drawdowns
NVDY vs. YMAX - Drawdown Comparison
The maximum NVDY drawdown since its inception was -34.09%, which is greater than YMAX's maximum drawdown of -25.55%. Use the drawdown chart below to compare losses from any high point for NVDY and YMAX. For additional features, visit the drawdowns tool.
Volatility
NVDY vs. YMAX - Volatility Comparison
YieldMax NVDA Option Income Strategy ETF (NVDY) has a higher volatility of 19.31% compared to YieldMax Universe Fund of Option Income ETFs (YMAX) at 15.65%. This indicates that NVDY's price experiences larger fluctuations and is considered to be riskier than YMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.