NVYY vs. FBL

Last updated Apr 2, 2026

Compare and contrast key facts about GraniteShares YieldBOOST NVDA ETF (NVYY) and GraniteShares 2x Long META Daily ETF (FBL).

NVYY and FBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVYY is an actively managed fund by GraniteShares. It was launched on May 12, 2025. FBL is an actively managed fund by GraniteShares. It was launched on Dec 12, 2022.

Performance

NVYY vs. FBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST NVDA ETF (NVYY) and GraniteShares 2x Long META Daily ETF (FBL). The values are adjusted to include any dividend payments, if applicable.

NVYY vs. FBL - Yearly Performance Comparison

	2026 (YTD)	2025
NVYY GraniteShares YieldBOOST NVDA ETF	-3.53%	31.62%
FBL GraniteShares 2x Long META Daily ETF	-27.59%	-10.31%

Returns By Period

In the year-to-date period, NVYY achieves a -3.53% return, which is significantly higher than FBL's -27.59% return.

NVYY

• 1D: 0.50%
• 1M: -3.38%
• YTD: -3.53%
• 6M: -3.72%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FBL

• 1D: 2.53%
• 1M: -23.32%
• YTD: -27.59%
• 6M: -42.06%
• 1Y: -23.67%
• 3Y*: 44.94%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NVYY vs. FBL - Expense Ratio Comparison

NVYY has a 1.07% expense ratio, which is lower than FBL's 1.15% expense ratio.

FBL

GraniteShares 2x Long META Daily ETF

NVYY

GraniteShares YieldBOOST NVDA ETF

Return for Risk

NVYY vs. FBL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FBL

FBL Risk / Return Rank: 8
FBL Sharpe Ratio Rank: 7
FBL Sortino Ratio Rank: 10
FBL Omega Ratio Rank: 10
FBL Calmar Ratio Rank: 6
FBL Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NVYY vs. FBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST NVDA ETF (NVYY) and GraniteShares 2x Long META Daily ETF (FBL). 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.

Sharpe Ratios by Period

	NVYY	FBL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.30	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.23	1.12	+0.11

Correlation

The correlation between NVYY and FBL is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NVYY vs. FBL - Dividend Comparison

NVYY's dividend yield for the trailing twelve months is around 127.72%, more than FBL's 2.86% yield.

	TTM	2025	2024	2023
NVYY GraniteShares YieldBOOST NVDA ETF	127.72%	75.30%	0.00%	0.00%
FBL GraniteShares 2x Long META Daily ETF	2.86%	2.07%	0.00%	51.58%

Drawdowns

NVYY vs. FBL - Drawdown Comparison

The maximum NVYY drawdown since its inception was -14.90%, smaller than the maximum FBL drawdown of -61.15%. Use the drawdown chart below to compare losses from any high point for NVYY and FBL.

Drawdown Indicators

	NVYY	FBL	Difference
Max Drawdown Largest peak-to-trough decline	-14.90%	-61.15%	+46.25%
Max Drawdown (1Y) Largest decline over 1 year	—	-61.03%	—
Current Drawdown Current decline from peak	-12.26%	-53.07%	+40.81%
Average Drawdown Average peak-to-trough decline	-4.67%	-14.87%	+10.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	27.41%	—

Volatility

Volatility by Period

	NVYY	FBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	27.60%	—
Volatility (6M) Calculated over the trailing 6-month period	—	54.08%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.37%	79.50%	-54.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.37%	70.82%	-45.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.37%	70.82%	-45.45%