PYPY vs. NVDY
Compare and contrast key facts about Yieldmax PYPL Option Income Strategy ETF (PYPY) and YieldMax NVDA Option Income Strategy ETF (NVDY).
PYPY and NVDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PYPY is an actively managed fund by YieldMax. It was launched on Sep 25, 2023. 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: PYPY or NVDY.
Correlation
The correlation between PYPY and NVDY is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PYPY vs. NVDY - Performance Comparison
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Key characteristics
PYPY:
0.39
NVDY:
0.38
PYPY:
0.61
NVDY:
0.76
PYPY:
1.09
NVDY:
1.11
PYPY:
0.29
NVDY:
0.49
PYPY:
0.80
NVDY:
1.27
PYPY:
11.84%
NVDY:
13.29%
PYPY:
30.27%
NVDY:
48.15%
PYPY:
-32.33%
NVDY:
-34.09%
PYPY:
-18.89%
NVDY:
-21.25%
Returns By Period
The year-to-date returns for both stocks are quite close, with PYPY having a -14.50% return and NVDY slightly lower at -15.02%.
PYPY
-14.50%
14.61%
-11.28%
13.83%
N/A
N/A
NVDY
-15.02%
8.66%
-19.64%
16.49%
N/A
N/A
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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.
Risk-Adjusted Performance
PYPY vs. NVDY — Risk-Adjusted Performance Rank
PYPY
NVDY
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.
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Dividends
PYPY vs. NVDY - Dividend Comparison
PYPY's dividend yield for the trailing twelve months is around 59.41%, less than NVDY's 102.72% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
PYPY Yieldmax PYPL Option Income Strategy ETF | 59.41% | 48.64% | 5.70% |
NVDY YieldMax NVDA Option Income Strategy ETF | 102.72% | 83.65% | 22.32% |
Drawdowns
PYPY vs. NVDY - Drawdown Comparison
The maximum PYPY drawdown since its inception was -32.33%, smaller than the maximum NVDY drawdown of -34.09%. Use the drawdown chart below to compare losses from any high point for PYPY and NVDY. For additional features, visit the drawdowns tool.
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Volatility
PYPY vs. NVDY - Volatility Comparison
The current volatility for Yieldmax PYPL Option Income Strategy ETF (PYPY) is 7.45%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 11.65%. 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.
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