NVYY vs. NVDY

Last updated Jun 24, 2026

NVYY (GraniteShares YieldBOOST NVDA ETF) and NVDY (YieldMax NVDA Option Income Strategy ETF) are both exchange-traded funds - NVYY is a Leveraged Equities fund actively managed by GraniteShares, while NVDY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, NVYY returned 21.39% vs 33.90% for NVDY. Their correlation of 0.89 suggests significant overlap in exposure. NVYY charges 1.07%/yr vs 0.99%/yr for NVDY.

Performance

NVYY vs. NVDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST NVDA ETF (NVYY) and YieldMax NVDA Option Income Strategy ETF (NVDY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVYY achieves a 2.32% return, which is significantly lower than NVDY's 7.04% return.

NVYY

• 1D: -1.45%
• 1M: -2.49%
• YTD: 2.32%
• 6M: 2.20%
• 1Y: 21.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDY

• 1D: -3.24%
• 1M: -5.21%
• YTD: 7.04%
• 6M: 6.21%
• 1Y: 33.90%
• 3Y*: 50.59%
• 5Y*: —
• 10Y*: —

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

NVYY vs. NVDY - Yearly Performance Comparison

	2026 (YTD)	2025
NVYY GraniteShares YieldBOOST NVDA ETF	2.32%	31.98%
NVDY YieldMax NVDA Option Income Strategy ETF	7.04%	44.87%

Correlation

The correlation between NVYY and NVDY is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since May 13, 2025	0.89

The correlation between NVYY and NVDY has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

Return for Risk

NVYY vs. NVDY — Risk / Return Rank

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

NVYY

NVYY Risk / Return Rank: 26
NVYY Sharpe Ratio Rank: 25
NVYY Sortino Ratio Rank: 23
NVYY Omega Ratio Rank: 26
NVYY Calmar Ratio Rank: 30
NVYY Martin Ratio Rank: 26

NVDY

NVDY Risk / Return Rank: 39
NVDY Sharpe Ratio Rank: 35
NVDY Sortino Ratio Rank: 33
NVDY Omega Ratio Rank: 32
NVDY Calmar Ratio Rank: 56
NVDY Martin Ratio Rank: 40

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. NVDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST NVDA ETF (NVYY) 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.

	NVYY	NVDY	Difference
Sharpe ratio: Return per unit of total volatility	0.88	1.20	-0.32
Sortino ratio: Return per unit of downside risk	1.25	1.70	-0.45
Omega ratio: Gain probability vs. loss probability	1.17	1.21	-0.04
Calmar ratio: Return relative to maximum drawdown	1.44	2.66	-1.22
Martin ratio: Return relative to average drawdown	3.22	6.05	-2.83

NVYY vs. NVDY - Sharpe Ratio Comparison

The current NVYY Sharpe Ratio is 0.88, which is comparable to the NVDY Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of NVYY and NVDY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NVYY vs. NVDY - Drawdown Comparison

The maximum NVYY drawdown since its inception was -14.90%, smaller than the maximum NVDY drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for NVYY and NVDY.

Drawdown Indicators

	NVYY	NVDY	Difference
Max Drawdown Largest peak-to-trough decline	-14.90%	-34.08%	+19.18%
Max Drawdown (1Y) Largest decline over 1 year	-14.90%	-12.81%	-2.09%
Max Drawdown (3Y) Largest decline over 3 years	—	-34.08%	—
Current Drawdown Current decline from peak	-6.93%	-11.62%	+4.69%
Average Drawdown Average peak-to-trough decline	-5.05%	-6.20%	+1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.66%	5.62%	+1.04%

Volatility

NVYY vs. NVDY - Volatility Comparison

The current volatility for GraniteShares YieldBOOST NVDA ETF (NVYY) is 4.37%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 10.10%. This indicates that NVYY experiences smaller price fluctuations and is considered to be less risky than NVDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVYY	NVDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	10.10%	-5.73%
Volatility (6M) Calculated over the trailing 6-month period	16.06%	21.63%	-5.57%
Volatility (1Y) Calculated over the trailing 1-year period	24.47%	28.32%	-3.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.78%	38.19%	-14.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.78%	38.19%	-14.41%

NVYY vs. NVDY - Expense Ratio Comparison

NVYY has a 1.07% expense ratio, which is higher than NVDY's 0.99% expense ratio.

Dividends

NVYY vs. NVDY - Dividend Comparison

NVYY's dividend yield for the trailing twelve months is around 144.14%, more 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%
NVYY GraniteShares YieldBOOST NVDA ETF	144.14%	75.30%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NVYY and NVDY in my portfolio?

With a correlation of 0.90, NVYY 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.

Which is riskier, NVYY or NVDY?

NVDY has higher volatility (10.10%) compared to NVYY (4.37%). In terms of maximum drawdown, NVYY dropped -14.90% vs NVDY's -34.08%.

Which ETF is better, NVYY or NVDY?

On 1-year performance, NVDY leads with 33.90% vs 21.39% for NVYY. On fees, NVDY is cheaper at 0.99% per year. On volatility, NVYY has been the lower-risk option at 4.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVYY or NVDY?

Over the 1-year period, NVDY has performed better with a 33.90% return vs 21.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVYY or NVDY?

NVDY is cheaper with a 0.99% expense ratio, compared with 1.07% for NVYY.

Which ETF pays a higher dividend yield, NVYY or NVDY?

NVYY has the higher dividend yield at 144.14%, compared with 64.30% for NVDY.

What is the main difference between NVYY and NVDY?

NVYY is categorized as Leveraged Equities, while NVDY is Derivative Income. They also come from different issuers: GraniteShares and YieldMax. Their fees differ too: 1.07% for NVYY and 0.99% for NVDY.

Which has better risk-adjusted returns?

NVDY currently has the higher Sharpe Ratio (1.20 vs 0.88), 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.