NVIT vs. PEPS
NVIT (YieldMax NVDA Performance & Distribution Target 25 ETF) and PEPS (Parametric Equity Plus ETF) are both Derivative Income funds. Both are actively managed. A 0.60 correlation means they provide meaningful diversification when combined. NVIT charges 1.08%/yr vs 0.10%/yr for PEPS.
Performance
NVIT vs. PEPS - Performance Comparison
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Returns By Period
In the year-to-date period, NVIT achieves a 15.44% return, which is significantly higher than PEPS's 10.67% return.
NVIT
- 1D
- -2.67%
- 1M
- 6.72%
- YTD
- 15.44%
- 6M
- 19.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PEPS
- 1D
- -0.51%
- 1M
- 6.44%
- YTD
- 10.67%
- 6M
- 10.79%
- 1Y
- 31.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVIT vs. PEPS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVIT YieldMax NVDA Performance & Distribution Target 25 ETF | 15.44% | 3.48% |
PEPS Parametric Equity Plus ETF | 10.67% | 3.87% |
Correlation
The correlation between NVIT and PEPS is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025 | 0.60 |
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Return for Risk
NVIT vs. PEPS — Risk / Return Rank
NVIT
PEPS
NVIT vs. PEPS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Performance & Distribution Target 25 ETF (NVIT) and Parametric Equity Plus ETF (PEPS). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| NVIT | PEPS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.37 | 1.05 | +0.32 |
Drawdowns
NVIT vs. PEPS - Drawdown Comparison
The maximum NVIT drawdown since its inception was -11.11%, smaller than the maximum PEPS drawdown of -21.26%. Use the drawdown chart below to compare losses from any high point for NVIT and PEPS.
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Drawdown Indicators
| NVIT | PEPS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.11% | -21.26% | +10.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.80% | — |
Current DrawdownCurrent decline from peak | -6.77% | -0.51% | -6.26% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -2.77% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.09% | — |
Volatility
NVIT vs. PEPS - Volatility Comparison
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Volatility by Period
| NVIT | PEPS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.77% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.83% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.08% | 13.06% | +16.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.08% | 18.31% | +10.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.08% | 18.31% | +10.77% |
NVIT vs. PEPS - Expense Ratio Comparison
NVIT has a 1.08% expense ratio, which is higher than PEPS's 0.10% expense ratio.
Dividends
NVIT vs. PEPS - Dividend Comparison
NVIT's dividend yield for the trailing twelve months is around 12.36%, more than PEPS's 0.88% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NVIT YieldMax NVDA Performance & Distribution Target 25 ETF | 12.36% | 2.37% | 0.00% |
PEPS Parametric Equity Plus ETF | 0.88% | 1.00% | 0.17% |
Frequently Asked Questions
NVIT and PEPS have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PEPS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PEPS is cheaper with a 0.10% expense ratio, compared with 1.08% for NVIT.
NVIT has the higher dividend yield at 12.36%, compared with 0.88% for PEPS.
They also come from different issuers: YieldMax and Parametric. Their fees differ too: 1.08% for NVIT and 0.10% for PEPS.
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