SQY vs. NVDY
Compare and contrast key facts about YieldMax SQ Option Income Strategy ETF (SQY) and YieldMax NVDA Option Income Strategy ETF (NVDY).
SQY and NVDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SQY is an actively managed fund by YieldMax. It was launched on Oct 10, 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: SQY or NVDY.
Key characteristics
| SQY | NVDY | |
|---|---|---|
| YTD Return | 22.14% | 124.53% |
| 1Y Return | 56.65% | 142.47% |
| Sharpe Ratio | 1.65 | 3.42 |
| Sortino Ratio | 2.19 | 3.72 |
| Omega Ratio | 1.30 | 1.54 |
| Calmar Ratio | 2.80 | 6.80 |
| Martin Ratio | 5.65 | 22.63 |
| Ulcer Index | 10.34% | 6.37% |
| Daily Std Dev | 35.41% | 42.15% |
| Max Drawdown | -20.92% | -21.19% |
| Current Drawdown | 0.00% | -1.42% |
Correlation
The correlation between SQY and NVDY is 0.19, 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
SQY vs. NVDY - Performance Comparison
In the year-to-date period, SQY achieves a 22.14% return, which is significantly lower than NVDY's 124.53% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SQY vs. NVDY - Expense Ratio Comparison
SQY has a 1.01% expense ratio, which is higher than NVDY's 0.99% expense ratio.
Risk-Adjusted Performance
SQY vs. NVDY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax SQ Option Income Strategy ETF (SQY) 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
SQY vs. NVDY - Dividend Comparison
SQY's dividend yield for the trailing twelve months is around 54.59%, less than NVDY's 73.54% yield.
| TTM | 2023 | |
|---|---|---|
SQY YieldMax SQ Option Income Strategy ETF | 54.59% | 9.85% |
NVDY YieldMax NVDA Option Income Strategy ETF | 73.54% | 22.32% |
Drawdowns
SQY vs. NVDY - Drawdown Comparison
The maximum SQY drawdown since its inception was -20.92%, roughly equal to the maximum NVDY drawdown of -21.19%. Use the drawdown chart below to compare losses from any high point for SQY and NVDY. For additional features, visit the drawdowns tool.
Volatility
SQY vs. NVDY - Volatility Comparison
YieldMax SQ Option Income Strategy ETF (SQY) has a higher volatility of 11.28% compared to YieldMax NVDA Option Income Strategy ETF (NVDY) at 8.68%. This indicates that SQY's price experiences larger fluctuations and is considered to be riskier than NVDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.