OARK vs. NVDY
Compare and contrast key facts about YieldMax Innovation Option Income Strategy ETF (OARK) and YieldMax NVDA Option Income Strategy ETF (NVDY).
OARK and NVDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OARK is an actively managed fund by YieldMax. It was launched on Nov 22, 2022. NVDY is an actively managed fund by YieldMax. It was launched on May 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OARK or NVDY.
Correlation
The correlation between OARK and NVDY is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
OARK vs. NVDY - Performance Comparison
Key characteristics
OARK:
0.16
NVDY:
0.28
OARK:
0.45
NVDY:
0.68
OARK:
1.06
NVDY:
1.09
OARK:
0.16
NVDY:
0.40
OARK:
0.52
NVDY:
1.10
OARK:
10.81%
NVDY:
12.34%
OARK:
34.47%
NVDY:
48.54%
OARK:
-35.48%
NVDY:
-34.09%
OARK:
-23.83%
NVDY:
-30.81%
Returns By Period
In the year-to-date period, OARK achieves a -14.15% return, which is significantly higher than NVDY's -25.33% return.
OARK
-14.15%
-8.06%
-6.13%
1.95%
N/A
N/A
NVDY
-25.33%
-16.16%
-27.38%
12.88%
N/A
N/A
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OARK vs. NVDY - Expense Ratio Comparison
Both OARK and NVDY have an expense ratio of 0.99%.
Risk-Adjusted Performance
OARK vs. NVDY — Risk-Adjusted Performance Rank
OARK
NVDY
OARK vs. NVDY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Innovation Option Income Strategy ETF (OARK) 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.
Dividends
OARK vs. NVDY - Dividend Comparison
OARK's dividend yield for the trailing twelve months is around 61.17%, less than NVDY's 115.17% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
OARK YieldMax Innovation Option Income Strategy ETF | 61.17% | 47.85% | 45.04% |
NVDY YieldMax NVDA Option Income Strategy ETF | 115.17% | 83.65% | 22.32% |
Drawdowns
OARK vs. NVDY - Drawdown Comparison
The maximum OARK drawdown since its inception was -35.48%, roughly equal to the maximum NVDY drawdown of -34.09%. Use the drawdown chart below to compare losses from any high point for OARK and NVDY. For additional features, visit the drawdowns tool.
Volatility
OARK vs. NVDY - Volatility Comparison
YieldMax Innovation Option Income Strategy ETF (OARK) and YieldMax NVDA Option Income Strategy ETF (NVDY) have volatilities of 18.92% and 19.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.