NVIT vs. NVDY
NVIT (YieldMax NVDA Performance & Distribution Target 25 ETF) and NVDY (YieldMax NVDA Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. With a 0.98 correlation, they move nearly in lockstep. NVIT charges 1.08%/yr vs 0.99%/yr for NVDY.
Performance
NVIT vs. NVDY - Performance Comparison
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Returns By Period
In the year-to-date period, NVIT achieves a 9.26% return, which is significantly higher than NVDY's 7.04% return.
NVIT
- 1D
- -2.90%
- 1M
- -5.21%
- YTD
- 9.26%
- 6M
- 8.74%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVDY
- 1D
- -3.24%
- 1M
- -5.21%
- YTD
- 7.04%
- 6M
- 6.21%
- 1Y
- 33.90%
- 3Y*
- 50.59%
- 5Y*
- —
- 10Y*
- —
NVIT vs. NVDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVIT YieldMax NVDA Performance & Distribution Target 25 ETF | 9.26% | 3.04% |
NVDY YieldMax NVDA Option Income Strategy ETF | 7.04% | 2.15% |
Correlation
The correlation between NVIT and NVDY is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | 0.98 |
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Return for Risk
NVIT vs. NVDY — Risk / Return Rank
NVIT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NVDY
NVIT vs. NVDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Performance & Distribution Target 25 ETF (NVIT) and YieldMax NVDA Option Income Strategy ETF (NVDY). 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.
| NVIT | NVDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 6.05 | — |
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Drawdowns
NVIT vs. NVDY - Drawdown Comparison
The maximum NVIT drawdown since its inception was -12.15%, smaller than the maximum NVDY drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for NVIT and NVDY.
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Drawdown Indicators
| NVIT | NVDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.15% | -34.08% | +21.93% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.81% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -34.08% | — |
Current DrawdownCurrent decline from peak | -11.76% | -11.62% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -6.20% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.62% | — |
Volatility
NVIT vs. NVDY - Volatility Comparison
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Volatility by Period
| NVIT | NVDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.10% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 21.63% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.83% | 28.32% | +1.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.83% | 38.19% | -8.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.83% | 38.19% | -8.36% |
NVIT vs. NVDY - Expense Ratio Comparison
NVIT has a 1.08% expense ratio, which is higher than NVDY's 0.99% expense ratio.
Dividends
NVIT vs. NVDY - Dividend Comparison
NVIT's dividend yield for the trailing twelve months is around 14.77%, less than NVDY's 64.30% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NVDY YieldMax NVDA Option Income Strategy ETF | 64.30% | 83.10% | 83.65% | 22.32% |
NVIT YieldMax NVDA Performance & Distribution Target 25 ETF | 14.77% | 2.37% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, NVIT and NVDY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, NVDY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NVDY is cheaper with a 0.99% expense ratio, compared with 1.08% for NVIT.
NVDY has the higher dividend yield at 64.30%, compared with 14.77% for NVIT.
Their fees differ too: 1.08% for NVIT and 0.99% for NVDY.
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