ULTY vs. NVDY
Compare and contrast key facts about YieldMax Ultra Option Income Strategy ETF (ULTY) and YieldMax NVDA Option Income Strategy ETF (NVDY).
ULTY and NVDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ULTY is an actively managed fund by YieldMax. It was launched on Feb 28, 2024. 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: ULTY or NVDY.
Correlation
The correlation between ULTY and NVDY is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ULTY vs. NVDY - Performance Comparison
Key characteristics
ULTY:
-0.01
NVDY:
0.37
ULTY:
0.20
NVDY:
0.79
ULTY:
1.02
NVDY:
1.11
ULTY:
-0.01
NVDY:
0.52
ULTY:
-0.04
NVDY:
1.43
ULTY:
9.57%
NVDY:
12.41%
ULTY:
31.05%
NVDY:
48.55%
ULTY:
-26.85%
NVDY:
-34.08%
ULTY:
-16.94%
NVDY:
-25.87%
Returns By Period
In the year-to-date period, ULTY achieves a -11.67% return, which is significantly higher than NVDY's -20.00% return.
ULTY
-11.67%
-3.78%
-7.10%
-0.27%
N/A
N/A
NVDY
-20.00%
-5.64%
-22.41%
17.11%
N/A
N/A
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ULTY vs. NVDY - Expense Ratio Comparison
ULTY has a 1.14% expense ratio, which is higher than NVDY's 0.99% expense ratio.
Risk-Adjusted Performance
ULTY vs. NVDY — Risk-Adjusted Performance Rank
ULTY
NVDY
ULTY vs. NVDY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Ultra Option Income Strategy ETF (ULTY) 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
ULTY vs. NVDY - Dividend Comparison
ULTY's dividend yield for the trailing twelve months is around 165.57%, more than NVDY's 117.44% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
ULTY YieldMax Ultra Option Income Strategy ETF | 165.57% | 111.70% | 0.00% |
NVDY YieldMax NVDA Option Income Strategy ETF | 117.44% | 83.65% | 22.32% |
Drawdowns
ULTY vs. NVDY - Drawdown Comparison
The maximum ULTY drawdown since its inception was -26.85%, smaller than the maximum NVDY drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for ULTY and NVDY. For additional features, visit the drawdowns tool.
Volatility
ULTY vs. NVDY - Volatility Comparison
The current volatility for YieldMax Ultra Option Income Strategy ETF (ULTY) is 15.08%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 19.51%. This indicates that ULTY 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.