SQY vs. NVDY

Last updated Jun 5, 2026

SQY (YieldMax SQ Option Income Strategy ETF) and NVDY (YieldMax NVDA Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. SQY charges 1.01%/yr vs 0.99%/yr for NVDY.

Performance

SQY vs. NVDY - Performance Comparison

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

Returns By Period

SQY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDY

• 1D: 1.27%
• 1M: 7.84%
• YTD: 14.49%
• 6M: 17.01%
• 1Y: 47.85%
• 3Y*: 55.07%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

SQY vs. NVDY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NVDY

NVDY Risk / Return Rank: 56
NVDY Sharpe Ratio Rank: 52
NVDY Sortino Ratio Rank: 48
NVDY Omega Ratio Rank: 48
NVDY Calmar Ratio Rank: 76
NVDY Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SQY vs. NVDY - Risk-Adjusted Trends 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SQY	NVDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.65	—

Drawdowns

Drawdown Indicators

	SQY	NVDY	Difference
Max Drawdown Largest peak-to-trough decline	—	-34.08%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.81%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-34.08%	—
Current Drawdown Current decline from peak	—	-5.47%	—
Average Drawdown Average peak-to-trough decline	—	-6.15%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.21%	—

Volatility

Volatility by Period

	SQY	NVDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.71%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	27.33%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	38.22%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	38.22%	—

SQY vs. NVDY - Expense Ratio Comparison

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

Dividends

SQY vs. NVDY - Dividend Comparison

SQY has not paid dividends to shareholders, while NVDY's dividend yield for the trailing twelve months is around 62.14%.

Position	TTM	2025	2024	2023
NVDY YieldMax NVDA Option Income Strategy ETF	62.14%	83.10%	83.65%	22.32%
SQY YieldMax SQ Option Income Strategy ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, SQY or NVDY?

On fees, NVDY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SQY or NVDY?

NVDY is cheaper with a 0.99% expense ratio, compared with 1.01% for SQY.

Which ETF pays a higher dividend yield, SQY or NVDY?

NVDY has the higher dividend yield at 62.14%, compared with 0.00% for SQY.

What is the main difference between SQY and NVDY?

Their fees differ too: 1.01% for SQY and 0.99% for NVDY.