NVYY vs. YSPY

Last updated Jun 28, 2026

NVYY (GraniteShares YieldBOOST NVDA ETF) and YSPY (GraniteShares YieldBOOST SPY ETF) are both Leveraged Equities funds from GraniteShares. Both are actively managed. Over the past year, NVYY returned 16.09% vs 19.71% for YSPY. A 0.55 correlation means they provide meaningful diversification when combined. Both charge a 1.07% expense ratio.

Performance

NVYY vs. YSPY - Performance Comparison

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

Returns By Period

In the year-to-date period, NVYY achieves a 0.36% return, which is significantly lower than YSPY's 3.26% return.

NVYY

• 1D: -0.42%
• 1M: -3.93%
• YTD: 0.36%
• 6M: -0.38%
• 1Y: 16.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YSPY

• 1D: 0.57%
• 1M: -2.00%
• YTD: 3.26%
• 6M: 0.52%
• 1Y: 19.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVYY vs. YSPY - Yearly Performance Comparison

	2026 (YTD)	2025
NVYY GraniteShares YieldBOOST NVDA ETF	0.36%	31.98%
YSPY GraniteShares YieldBOOST SPY ETF	3.26%	19.55%

Correlation

The correlation between NVYY and YSPY is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (All Time) Calculated using the full available price history since May 13, 2025	0.55

The correlation between NVYY and YSPY has been stable across timeframes, ranging from 0.54 to 0.55 - a consistent structural relationship.

Return for Risk

NVYY vs. YSPY — Risk / Return Rank

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

NVYY

NVYY Risk / Return Rank: 21
NVYY Sharpe Ratio Rank: 21
NVYY Sortino Ratio Rank: 19
NVYY Omega Ratio Rank: 21
NVYY Calmar Ratio Rank: 25
NVYY Martin Ratio Rank: 22

YSPY

YSPY Risk / Return Rank: 31
YSPY Sharpe Ratio Rank: 29
YSPY Sortino Ratio Rank: 25
YSPY Omega Ratio Rank: 37
YSPY Calmar Ratio Rank: 29
YSPY Martin Ratio Rank: 35

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. YSPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST NVDA ETF (NVYY) and GraniteShares YieldBOOST SPY ETF (YSPY). 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	YSPY	Difference
Sharpe ratio: Return per unit of total volatility	0.69	1.01	-0.33
Sortino ratio: Return per unit of downside risk	1.03	1.32	-0.30
Omega ratio: Gain probability vs. loss probability	1.14	1.23	-0.09
Calmar ratio: Return relative to maximum drawdown	1.13	1.33	-0.20
Martin ratio: Return relative to average drawdown	2.50	4.85	-2.36

NVYY vs. YSPY - Sharpe Ratio Comparison

The current NVYY Sharpe Ratio is 0.69, which is lower than the YSPY Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of NVYY and YSPY, 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. YSPY - Drawdown Comparison

The maximum NVYY drawdown since its inception was -14.90%, smaller than the maximum YSPY drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for NVYY and YSPY.

Drawdown Indicators

	NVYY	YSPY	Difference
Max Drawdown Largest peak-to-trough decline	-14.90%	-18.74%	+3.84%
Max Drawdown (1Y) Largest decline over 1 year	-14.90%	-14.60%	-0.30%
Current Drawdown Current decline from peak	-8.71%	-2.58%	-6.13%
Average Drawdown Average peak-to-trough decline	-5.09%	-4.88%	-0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.72%	4.00%	+2.72%

Volatility

NVYY vs. YSPY - Volatility Comparison

GraniteShares YieldBOOST NVDA ETF (NVYY) has a higher volatility of 4.14% compared to GraniteShares YieldBOOST SPY ETF (YSPY) at 3.20%. This indicates that NVYY's price experiences larger fluctuations and is considered to be riskier than YSPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVYY	YSPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.14%	3.20%	+0.94%
Volatility (6M) Calculated over the trailing 6-month period	15.92%	13.82%	+2.10%
Volatility (1Y) Calculated over the trailing 1-year period	24.47%	19.21%	+5.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.69%	20.92%	+2.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.69%	20.92%	+2.77%

NVYY vs. YSPY - Expense Ratio Comparison

Both NVYY and YSPY have an expense ratio of 1.07%.

Dividends

NVYY vs. YSPY - Dividend Comparison

NVYY's dividend yield for the trailing twelve months is around 149.28%, more than YSPY's 56.63% yield.

Position	TTM	2025
NVYY GraniteShares YieldBOOST NVDA ETF	144.59%	75.30%
YSPY GraniteShares YieldBOOST SPY ETF	55.36%	45.57%

Frequently Asked Questions

Can I hold both NVYY and YSPY in my portfolio?

NVYY and YSPY have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVYY or YSPY?

NVYY has higher volatility (4.14%) compared to YSPY (3.20%). In terms of maximum drawdown, NVYY dropped -14.90% vs YSPY's -18.74%.

Which ETF is better, NVYY or YSPY?

On 1-year performance, YSPY leads with 19.71% vs 16.09% for NVYY. Both ETFs have the same 1.07% expense ratio. On volatility, YSPY has been the lower-risk option at 3.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVYY or YSPY?

Over the 1-year period, YSPY has performed better with a 19.71% return vs 16.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVYY or YSPY?

NVYY and YSPY have the same expense ratio: 1.07% per year.

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

NVYY has the higher dividend yield at 144.59%, compared with 55.36% for YSPY.

Which has better risk-adjusted returns?

YSPY currently has the higher Sharpe Ratio (1.01 vs 0.69), 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.