NVIT vs. SPUT
NVIT (YieldMax NVDA Performance & Distribution Target 25 ETF) and SPUT (Innovator Equity Premium Income Daily PutWrite ETF) are both Derivative Income funds. Both are actively managed. A 0.57 correlation means they provide meaningful diversification when combined. NVIT charges 1.08%/yr vs 0.79%/yr for SPUT.
Performance
NVIT vs. SPUT - 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 SPUT's 7.26% return.
NVIT
- 1D
- -2.67%
- 1M
- 6.72%
- YTD
- 15.44%
- 6M
- 19.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPUT
- 1D
- -0.34%
- 1M
- 3.05%
- YTD
- 7.26%
- 6M
- 7.80%
- 1Y
- 18.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVIT vs. SPUT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVIT YieldMax NVDA Performance & Distribution Target 25 ETF | 15.44% | 3.48% |
SPUT Innovator Equity Premium Income Daily PutWrite ETF | 7.26% | 2.58% |
Correlation
The correlation between NVIT and SPUT is 0.57, 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 | 0.57 |
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Return for Risk
NVIT vs. SPUT — Risk / Return Rank
NVIT
SPUT
NVIT vs. SPUT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Performance & Distribution Target 25 ETF (NVIT) and Innovator Equity Premium Income Daily PutWrite ETF (SPUT). 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 | SPUT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.37 | 1.54 | -0.17 |
Drawdowns
NVIT vs. SPUT - Drawdown Comparison
The maximum NVIT drawdown since its inception was -11.11%, which is greater than SPUT's maximum drawdown of -10.55%. Use the drawdown chart below to compare losses from any high point for NVIT and SPUT.
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Drawdown Indicators
| NVIT | SPUT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.11% | -10.55% | -0.56% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.81% | — |
Current DrawdownCurrent decline from peak | -6.77% | -0.34% | -6.43% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -0.88% | -1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.83% | — |
Volatility
NVIT vs. SPUT - Volatility Comparison
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Volatility by Period
| NVIT | SPUT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.50% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.46% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.08% | 7.24% | +21.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.08% | 11.26% | +17.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.08% | 11.26% | +17.82% |
NVIT vs. SPUT - Expense Ratio Comparison
NVIT has a 1.08% expense ratio, which is higher than SPUT's 0.79% expense ratio.
Dividends
NVIT vs. SPUT - Dividend Comparison
NVIT's dividend yield for the trailing twelve months is around 12.36%, more than SPUT's 5.03% yield.
| Position | TTM | 2025 |
|---|---|---|
NVIT YieldMax NVDA Performance & Distribution Target 25 ETF | 12.36% | 2.37% |
SPUT Innovator Equity Premium Income Daily PutWrite ETF | 5.03% | 4.66% |
Frequently Asked Questions
NVIT and SPUT have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPUT is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPUT is cheaper with a 0.79% expense ratio, compared with 1.08% for NVIT.
NVIT has the higher dividend yield at 12.36%, compared with 5.03% for SPUT.
They also come from different issuers: YieldMax and Innovator. Their fees differ too: 1.08% for NVIT and 0.79% for SPUT.
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