NVYY vs. FDL
NVYY (GraniteShares YieldBOOST NVDA ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - NVYY is a Leveraged Equities fund actively managed by GraniteShares, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. NVYY is actively managed, while FDL is passively managed. Over the past year, NVYY returned 31.22% vs 23.67% for FDL. At a correlation of -0.15, they often move in opposite directions. NVYY charges 1.07%/yr vs 0.45%/yr for FDL.
Performance
NVYY vs. FDL - Performance Comparison
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Returns By Period
In the year-to-date period, NVYY achieves a 4.60% return, which is significantly lower than FDL's 13.33% return.
NVYY
- 1D
- -0.48%
- 1M
- 4.98%
- YTD
- 4.60%
- 6M
- 3.99%
- 1Y
- 31.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDL
- 1D
- -0.26%
- 1M
- -0.26%
- YTD
- 13.33%
- 6M
- 14.76%
- 1Y
- 23.67%
- 3Y*
- 18.97%
- 5Y*
- 12.51%
- 10Y*
- 11.24%
NVYY vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVYY GraniteShares YieldBOOST NVDA ETF | 4.60% | 31.62% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 13.33% | 10.60% |
Correlation
The correlation between NVYY and FDL is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (All Time) Calculated using the full available price history since May 14, 2025 | -0.15 |
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Return for Risk
NVYY vs. FDL — Risk / Return Rank
NVYY
FDL
NVYY vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST NVDA ETF (NVYY) and First Trust Morningstar Dividend Leaders Index Fund (FDL). 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.
| NVYY | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 5.56 | -3.46 |
| Martin ratioReturn relative to average drawdown | 4.82 | 13.56 | -8.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NVYY | FDL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 2.11 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.88 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.48 | 0.45 | +1.02 |
Drawdowns
NVYY vs. FDL - Drawdown Comparison
The maximum NVYY drawdown since its inception was -14.90%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for NVYY and FDL.
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Drawdown Indicators
| NVYY | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.90% | -65.93% | +51.03% |
Max Drawdown (1Y)Largest decline over 1 year | -14.90% | -4.27% | -10.63% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.24% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.40% | — |
Current DrawdownCurrent decline from peak | -4.86% | -2.18% | -2.68% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -9.66% | +4.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.50% | 1.75% | +4.75% |
Volatility
NVYY vs. FDL - Volatility Comparison
GraniteShares YieldBOOST NVDA ETF (NVYY) has a higher volatility of 4.65% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 2.85%. This indicates that NVYY's price experiences larger fluctuations and is considered to be riskier than FDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVYY | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 2.85% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 16.78% | 7.87% | +8.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.28% | 11.28% | +13.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.10% | 14.31% | +9.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.10% | 17.11% | +6.99% |
NVYY vs. FDL - Expense Ratio Comparison
NVYY has a 1.07% expense ratio, which is higher than FDL's 0.45% expense ratio.
Dividends
NVYY vs. FDL - Dividend Comparison
NVYY's dividend yield for the trailing twelve months is around 147.62%, more than FDL's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.68% | 4.04% | 4.96% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% |
NVYY GraniteShares YieldBOOST NVDA ETF | 147.62% | 75.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NVYY and FDL have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVYY has higher volatility (4.65%) compared to FDL (2.85%). In terms of maximum drawdown, NVYY dropped -14.90% vs FDL's -65.93%.
On 1-year performance, NVYY leads with 31.22% vs 23.67% for FDL. On fees, FDL is cheaper at 0.45% per year. On volatility, FDL has been the lower-risk option at 2.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NVYY has performed better with a 31.22% return vs 23.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDL is cheaper with a 0.45% expense ratio, compared with 1.07% for NVYY.
NVYY has the higher dividend yield at 147.62%, compared with 3.68% for FDL.
NVYY is categorized as Leveraged Equities, while FDL is Large Cap Value Equities. They also come from different issuers: GraniteShares and First Trust. Their fees differ too: 1.07% for NVYY and 0.45% for FDL.
FDL currently has the higher Sharpe Ratio (2.11 vs 1.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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