VEGA vs. NERD
VEGA (AdvisorShares STAR Global Buy-Write ETF) and NERD (Roundhill Video Games ETF) are both exchange-traded funds - VEGA is a Global Equities fund actively managed by AdvisorShares, while NERD is a Gaming fund actively managed by Roundhill Investments. Both are actively managed. Over the past 5 years, VEGA returned 6.93%/yr vs -6.25%/yr for NERD. A 0.61 correlation means they provide meaningful diversification when combined. VEGA charges 2.02%/yr vs 0.50%/yr for NERD.
Performance
VEGA vs. NERD - Performance Comparison
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Returns By Period
In the year-to-date period, VEGA achieves a 6.73% return, which is significantly higher than NERD's -15.01% return.
VEGA
- 1D
- 0.50%
- 1M
- 0.65%
- 6M
- 4.46%
- YTD
- 6.73%
- 1Y
- 14.93%
- 3Y*
- 12.53%
- 5Y*
- 6.93%
- 10Y*
- 7.66%
NERD
- 1D
- -0.82%
- 1M
- 3.66%
- 6M
- -15.75%
- YTD
- -15.01%
- 1Y
- -18.59%
- 3Y*
- 9.87%
- 5Y*
- -6.25%
- 10Y*
- —
VEGA vs. NERD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VEGA AdvisorShares STAR Global Buy-Write ETF | 6.73% | 15.83% | 11.20% | 15.12% | -15.02% | 12.36% | 8.37% | 10.72% |
NERD Roundhill Video Games ETF | -15.01% | 23.14% | 28.52% | 12.94% | -43.30% | -17.57% | 89.66% | 8.14% |
Correlation
The correlation between VEGA and NERD is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.61 |
The correlation between VEGA and NERD has been stable across timeframes, ranging from 0.53 to 0.62 - a consistent structural relationship.
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Return for Risk
VEGA vs. NERD — Risk / Return Rank
VEGA
NERD
VEGA vs. NERD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares STAR Global Buy-Write ETF (VEGA) and Roundhill Video Games ETF (NERD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VEGA | NERD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.50 | ||
| Sortino ratioReturn per unit of downside risk | +3.45 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.85 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | -0.56 | +2.75 |
| Martin ratioReturn relative to average drawdown | 9.42 | -0.96 | +10.38 |
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Drawdowns
VEGA vs. NERD - Drawdown Comparison
The maximum VEGA drawdown since its inception was -28.37%, smaller than the maximum NERD drawdown of -65.58%. Use the drawdown chart below to compare losses from any high point for VEGA and NERD.
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Drawdown Indicators
| VEGA | NERD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.37% | -65.58% | +37.21% |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | -33.23% | +26.37% |
Max Drawdown (3Y)Largest decline over 3 years | -11.62% | -33.23% | +21.61% |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | -54.31% | +31.53% |
Max Drawdown (10Y)Largest decline over 10 years | -28.37% | — | — |
Current DrawdownCurrent decline from peak | -0.86% | -44.88% | +44.02% |
Average DrawdownAverage peak-to-trough decline | -3.77% | -36.03% | +32.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 19.33% | -17.74% |
Volatility
VEGA vs. NERD - Volatility Comparison
The current volatility for AdvisorShares STAR Global Buy-Write ETF (VEGA) is 2.84%, while Roundhill Video Games ETF (NERD) has a volatility of 5.52%. This indicates that VEGA experiences smaller price fluctuations and is considered to be less risky than NERD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEGA | NERD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 5.52% | -2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 7.97% | 15.66% | -7.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.62% | 19.79% | -10.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.35% | 24.57% | -12.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.72% | 25.43% | -12.71% |
VEGA vs. NERD - Expense Ratio Comparison
VEGA has a 2.02% expense ratio, which is higher than NERD's 0.50% expense ratio.
Dividends
VEGA vs. NERD - Dividend Comparison
VEGA's dividend yield for the trailing twelve months is around 1.26%, more than NERD's 0.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
NERD Roundhill Video Games ETF | 0.74% | 0.63% | 1.74% | 1.07% | 0.69% | 0.02% | 1.05% | 0.31% | 0.00% | 0.00% | 0.00% |
VEGA AdvisorShares STAR Global Buy-Write ETF | 1.26% | 1.34% | 1.05% | 1.12% | 1.89% | 0.55% | 0.28% | 0.44% | 0.45% | 0.00% | 0.81% |
Frequently Asked Questions
VEGA and NERD have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NERD has higher volatility (5.52%) compared to VEGA (2.84%). In terms of maximum drawdown, VEGA dropped -28.37% vs NERD's -65.58%.
On 5-year performance, VEGA leads with 6.93% vs -6.25% for NERD. On fees, NERD is cheaper at 0.50% per year. On volatility, VEGA has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VEGA has performed better with a 6.93% return vs -6.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NERD is cheaper with a 0.50% expense ratio, compared with 2.02% for VEGA.
VEGA has the higher dividend yield at 1.26%, compared with 0.74% for NERD.
VEGA is categorized as Global Equities, while NERD is Gaming. They also come from different issuers: AdvisorShares and Roundhill Investments. Their fees differ too: 2.02% for VEGA and 0.50% for NERD.
VEGA currently has the higher Sharpe Ratio (1.56 vs -0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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