PBJ vs. NVDY
PBJ (Invesco Dynamic Food & Beverage ETF) and NVDY (YieldMax NVDA Option Income Strategy ETF) are both exchange-traded funds - PBJ is a Consumer Staples Equities fund tracking the Dynamic Food & Beverage Intellidex Index, while NVDY is a Options Trading fund actively managed by YieldMax. PBJ is passively managed, while NVDY is actively managed. Over the past 3 years, PBJ returned 2.92%/yr vs 55.70%/yr for NVDY. At a 0.02 correlation, their price movements are largely independent. PBJ charges 0.63%/yr vs 0.99%/yr for NVDY.
Performance
PBJ vs. NVDY - Performance Comparison
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Returns By Period
In the year-to-date period, PBJ achieves a 6.76% return, which is significantly lower than NVDY's 15.63% return.
PBJ
- 1D
- -0.42%
- 1M
- -4.59%
- YTD
- 6.76%
- 6M
- 5.92%
- 1Y
- 0.00%
- 3Y*
- 2.92%
- 5Y*
- 3.24%
- 10Y*
- 5.31%
NVDY
- 1D
- -0.64%
- 1M
- 8.18%
- YTD
- 15.63%
- 6M
- 19.60%
- 1Y
- 52.45%
- 3Y*
- 55.70%
- 5Y*
- —
- 10Y*
- —
PBJ vs. NVDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PBJ Invesco Dynamic Food & Beverage ETF | 6.76% | -1.86% | 2.49% | -2.14% |
NVDY YieldMax NVDA Option Income Strategy ETF | 15.63% | 27.38% | 114.23% | 42.02% |
Correlation
The correlation between PBJ and NVDY is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since May 12, 2023 | 0.02 |
The correlation between PBJ and NVDY shifts across timeframes, from -0.16 (1 year) to 0.03 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PBJ vs. NVDY — Risk / Return Rank
PBJ
NVDY
PBJ vs. NVDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Food & Beverage ETF (PBJ) 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.
| PBJ | NVDY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.00 | 1.93 | -1.93 |
Sortino ratioReturn per unit of downside risk | 0.09 | 2.52 | -2.43 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.32 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | -0.01 | 4.29 | -4.30 |
Martin ratioReturn relative to average drawdown | -0.02 | 10.62 | -10.65 |
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
| PBJ | NVDY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.00 | 1.93 | -1.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 1.67 | -1.21 |
Drawdowns
PBJ vs. NVDY - Drawdown Comparison
The maximum PBJ drawdown since its inception was -39.15%, which is greater than NVDY's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for PBJ and NVDY.
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Drawdown Indicators
| PBJ | NVDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.15% | -34.08% | -5.07% |
Max Drawdown (1Y)Largest decline over 1 year | -12.48% | -12.81% | +0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -12.99% | -34.08% | +21.09% |
Max Drawdown (5Y)Largest decline over 5 years | -15.81% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.49% | — | — |
Current DrawdownCurrent decline from peak | -6.15% | -4.54% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -6.15% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.23% | 5.18% | +0.05% |
Volatility
PBJ vs. NVDY - Volatility Comparison
The current volatility for Invesco Dynamic Food & Beverage ETF (PBJ) is 3.77%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 9.09%. This indicates that PBJ 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.
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Volatility by Period
| PBJ | NVDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 9.09% | -5.32% |
Volatility (6M)Calculated over the trailing 6-month period | 8.81% | 20.58% | -11.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.47% | 27.28% | -14.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.75% | 38.24% | -24.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.11% | 38.24% | -23.13% |
PBJ vs. NVDY - Expense Ratio Comparison
PBJ has a 0.63% expense ratio, which is lower than NVDY's 0.99% expense ratio.
Dividends
PBJ vs. NVDY - Dividend Comparison
PBJ's dividend yield for the trailing twelve months is around 1.58%, less than NVDY's 60.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDY YieldMax NVDA Option Income Strategy ETF | 60.00% | 83.10% | 83.65% | 22.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PBJ Invesco Dynamic Food & Beverage ETF | 1.58% | 1.83% | 1.11% | 1.81% | 1.82% | 0.90% | 1.12% | 1.21% | 1.41% | 0.70% | 1.56% | 1.24% |
Frequently Asked Questions
PBJ and NVDY have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDY has higher volatility (9.09%) compared to PBJ (3.77%). In terms of maximum drawdown, PBJ dropped -39.15% vs NVDY's -34.08%.
On 3-year performance, NVDY leads with 55.70% vs 2.92% for PBJ. On fees, PBJ is cheaper at 0.63% per year. On volatility, PBJ has been the lower-risk option at 3.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, NVDY has performed better with a 55.70% return vs 2.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PBJ is cheaper with a 0.63% expense ratio, compared with 0.99% for NVDY.
NVDY has the higher dividend yield at 60.00%, compared with 1.58% for PBJ.
PBJ is categorized as Consumer Staples Equities, while NVDY is Options Trading. They also come from different issuers: Invesco and YieldMax. Their fees differ too: 0.63% for PBJ and 0.99% for NVDY.
NVDY currently has the higher Sharpe Ratio (1.93 vs 0.00), 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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