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OARK vs. NVDY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


OARKNVDY
YTD Return-0.42%118.94%
1Y Return26.24%153.97%
Sharpe Ratio1.123.65
Sortino Ratio1.563.90
Omega Ratio1.201.57
Calmar Ratio1.157.20
Martin Ratio3.3624.03
Ulcer Index8.60%6.35%
Daily Std Dev25.85%41.77%
Max Drawdown-27.24%-21.19%
Current Drawdown-5.48%-1.44%

Correlation

-0.50.00.51.00.4

The correlation between OARK and NVDY is 0.37, 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.

Performance

OARK vs. NVDY - Performance Comparison

In the year-to-date period, OARK achieves a -0.42% return, which is significantly lower than NVDY's 118.94% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%0.00%10.00%20.00%30.00%40.00%50.00%JuneJulyAugustSeptemberOctober
7.23%
48.54%
OARK
NVDY

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OARK vs. NVDY - Expense Ratio Comparison

Both OARK and NVDY have an expense ratio of 0.99%.


OARK
YieldMax Innovation Option Income Strategy ETF
Expense ratio chart for OARK: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%
Expense ratio chart for NVDY: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%

Risk-Adjusted Performance

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.


OARK
Sharpe ratio
The chart of Sharpe ratio for OARK, currently valued at 1.12, compared to the broader market-2.000.002.004.006.001.12
Sortino ratio
The chart of Sortino ratio for OARK, currently valued at 1.56, compared to the broader market0.005.0010.001.56
Omega ratio
The chart of Omega ratio for OARK, currently valued at 1.20, compared to the broader market1.001.502.002.503.003.501.20
Calmar ratio
The chart of Calmar ratio for OARK, currently valued at 1.15, compared to the broader market0.005.0010.0015.001.15
Martin ratio
The chart of Martin ratio for OARK, currently valued at 3.36, compared to the broader market0.0020.0040.0060.0080.00100.00120.003.36
NVDY
Sharpe ratio
The chart of Sharpe ratio for NVDY, currently valued at 3.65, compared to the broader market-2.000.002.004.006.003.65
Sortino ratio
The chart of Sortino ratio for NVDY, currently valued at 3.90, compared to the broader market0.005.0010.003.90
Omega ratio
The chart of Omega ratio for NVDY, currently valued at 1.57, compared to the broader market1.001.502.002.503.003.501.57
Calmar ratio
The chart of Calmar ratio for NVDY, currently valued at 7.20, compared to the broader market0.005.0010.0015.007.20
Martin ratio
The chart of Martin ratio for NVDY, currently valued at 24.03, compared to the broader market0.0020.0040.0060.0080.00100.00120.0024.03

OARK vs. NVDY - Sharpe Ratio Comparison

The current OARK Sharpe Ratio is 1.12, which is lower than the NVDY Sharpe Ratio of 3.65. The chart below compares the historical Sharpe Ratios of OARK and NVDY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00JuneJulyAugustSeptemberOctober
1.12
3.65
OARK
NVDY

Dividends

OARK vs. NVDY - Dividend Comparison

OARK's dividend yield for the trailing twelve months is around 42.26%, less than NVDY's 70.18% yield.


TTM2023
OARK
YieldMax Innovation Option Income Strategy ETF
42.26%45.03%
NVDY
YieldMax NVDA Option Income Strategy ETF
70.18%22.32%

Drawdowns

OARK vs. NVDY - Drawdown Comparison

The maximum OARK drawdown since its inception was -27.24%, which is greater than NVDY's maximum drawdown of -21.19%. Use the drawdown chart below to compare losses from any high point for OARK and NVDY. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctober
-5.48%
-1.44%
OARK
NVDY

Volatility

OARK vs. NVDY - Volatility Comparison

The current volatility for YieldMax Innovation Option Income Strategy ETF (OARK) is 5.90%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 7.13%. This indicates that OARK 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.


5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctober
5.90%
7.13%
OARK
NVDY