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

Performance

PYPY vs. NVDY - Performance Comparison

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

-10.00%0.00%10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
26.86%
33.46%
PYPY
NVDY

Returns By Period

In the year-to-date period, PYPY achieves a 40.81% return, which is significantly lower than NVDY's 119.01% return.


PYPY

YTD

40.81%

1M

3.47%

6M

26.19%

1Y

51.37%

5Y (annualized)

N/A

10Y (annualized)

N/A

NVDY

YTD

119.01%

1M

1.64%

6M

34.20%

1Y

130.92%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


PYPYNVDY
Sharpe Ratio2.013.10
Sortino Ratio2.543.48
Omega Ratio1.371.50
Calmar Ratio3.526.16
Martin Ratio9.9320.49
Ulcer Index5.20%6.37%
Daily Std Dev25.79%42.27%
Max Drawdown-14.70%-21.19%
Current Drawdown-2.01%-3.84%

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PYPY vs. NVDY - Expense Ratio Comparison

PYPY has a 1.01% expense ratio, which is higher than NVDY's 0.99% expense ratio.


PYPY
Yieldmax PYPL Option Income Strategy ETF
Expense ratio chart for PYPY: current value at 1.01% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.01%
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%

Correlation

-0.50.00.51.00.1

The correlation between PYPY and NVDY is 0.10, 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.

Risk-Adjusted Performance

PYPY vs. NVDY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Yieldmax PYPL Option Income Strategy ETF (PYPY) 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.


Sharpe ratio
The chart of Sharpe ratio for PYPY, currently valued at 2.01, compared to the broader market0.002.004.002.013.10
The chart of Sortino ratio for PYPY, currently valued at 2.54, compared to the broader market-2.000.002.004.006.008.0010.002.543.48
The chart of Omega ratio for PYPY, currently valued at 1.37, compared to the broader market0.501.001.502.002.503.001.371.50
The chart of Calmar ratio for PYPY, currently valued at 3.52, compared to the broader market0.005.0010.0015.003.526.16
The chart of Martin ratio for PYPY, currently valued at 9.93, compared to the broader market0.0020.0040.0060.0080.00100.009.9320.49
PYPY
NVDY

The current PYPY Sharpe Ratio is 2.01, which is lower than the NVDY Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of PYPY 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 Ratio1.502.002.503.003.504.00Sep 29Oct 06Oct 13Oct 20Oct 27Nov 03Nov 10Nov 17
2.01
3.10
PYPY
NVDY

Dividends

PYPY vs. NVDY - Dividend Comparison

PYPY's dividend yield for the trailing twelve months is around 47.71%, less than NVDY's 75.39% yield.


TTM2023
PYPY
Yieldmax PYPL Option Income Strategy ETF
47.71%5.70%
NVDY
YieldMax NVDA Option Income Strategy ETF
75.39%22.32%

Drawdowns

PYPY vs. NVDY - Drawdown Comparison

The maximum PYPY drawdown since its inception was -14.70%, smaller than the maximum NVDY drawdown of -21.19%. Use the drawdown chart below to compare losses from any high point for PYPY and NVDY. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.01%
-3.84%
PYPY
NVDY

Volatility

PYPY vs. NVDY - Volatility Comparison

The current volatility for Yieldmax PYPL Option Income Strategy ETF (PYPY) is 6.77%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 8.15%. This indicates that PYPY 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%JuneJulyAugustSeptemberOctoberNovember
6.77%
8.15%
PYPY
NVDY