VNQI vs. NVDY

Last updated Jun 13, 2026

VNQI (Vanguard Global ex-U.S. Real Estate ETF) and NVDY (YieldMax NVDA Option Income Strategy ETF) are both exchange-traded funds - VNQI is a REIT fund tracking the S&P Global ex-U.S. Property Index, while NVDY is a Derivative Income fund actively managed by YieldMax. VNQI is passively managed, while NVDY is actively managed. Over the past 3 years, VNQI returned 8.59%/yr vs 51.33%/yr for NVDY. At a 0.21 correlation, their price movements are largely independent. VNQI charges 0.12%/yr vs 0.99%/yr for NVDY.

Performance

VNQI vs. NVDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Global ex-U.S. Real Estate ETF (VNQI) and YieldMax NVDA Option Income Strategy ETF (NVDY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VNQI achieves a -0.33% return, which is significantly lower than NVDY's 8.91% return.

VNQI

• 1D: 0.68%
• 1M: -3.12%
• YTD: -0.33%
• 6M: 0.85%
• 1Y: 5.87%
• 3Y*: 8.59%
• 5Y*: -1.50%
• 10Y*: 2.74%

NVDY

• 1D: 0.08%
• 1M: -7.09%
• YTD: 8.91%
• 6M: 14.71%
• 1Y: 36.80%
• 3Y*: 51.33%
• 5Y*: —
• 10Y*: —

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

VNQI vs. NVDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VNQI Vanguard Global ex-U.S. Real Estate ETF	-0.33%	21.38%	-2.22%	5.92%
NVDY YieldMax NVDA Option Income Strategy ETF	8.91%	27.38%	114.23%	41.31%

Correlation

The correlation between VNQI and NVDY is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (All Time) Calculated using the full available price history since May 11, 2023	0.21

Return for Risk

VNQI vs. NVDY — Risk / Return Rank

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

VNQI

VNQI Risk / Return Rank: 16
VNQI Sharpe Ratio Rank: 17
VNQI Sortino Ratio Rank: 16
VNQI Omega Ratio Rank: 16
VNQI Calmar Ratio Rank: 15
VNQI Martin Ratio Rank: 15

NVDY

NVDY Risk / Return Rank: 47
NVDY Sharpe Ratio Rank: 42
NVDY Sortino Ratio Rank: 40
NVDY Omega Ratio Rank: 40
NVDY Calmar Ratio Rank: 66
NVDY Martin Ratio Rank: 47

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.

VNQI vs. NVDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global ex-U.S. Real Estate ETF (VNQI) 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.

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.

	VNQI	NVDY	Difference
Sharpe ratio: Return per unit of total volatility	0.43	1.32	-0.89
Sortino ratio: Return per unit of downside risk	0.70	1.83	-1.13
Omega ratio: Gain probability vs. loss probability	1.09	1.23	-0.15
Calmar ratio: Return relative to maximum drawdown	0.40	2.89	-2.49
Martin ratio: Return relative to average drawdown	1.13	6.79	-5.65

VNQI vs. NVDY - Sharpe Ratio Comparison

The current VNQI Sharpe Ratio is 0.43, which is lower than the NVDY Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of VNQI and NVDY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VNQI vs. NVDY - Drawdown Comparison

The maximum VNQI drawdown since its inception was -38.35%, which is greater than NVDY's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for VNQI and NVDY.

Drawdown Indicators

	VNQI	NVDY	Difference
Max Drawdown Largest peak-to-trough decline	-38.35%	-34.08%	-4.27%
Max Drawdown (1Y) Largest decline over 1 year	-14.78%	-12.81%	-1.97%
Max Drawdown (3Y) Largest decline over 3 years	-16.35%	-34.08%	+17.73%
Max Drawdown (5Y) Largest decline over 5 years	-35.55%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.35%	—	—
Current Drawdown Current decline from peak	-9.99%	-10.09%	+0.10%
Average Drawdown Average peak-to-trough decline	-10.89%	-6.17%	-4.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.19%	5.44%	-0.25%

Volatility

VNQI vs. NVDY - Volatility Comparison

The current volatility for Vanguard Global ex-U.S. Real Estate ETF (VNQI) is 4.62%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 10.45%. This indicates that VNQI 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.

Volatility by Period

	VNQI	NVDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.62%	10.45%	-5.83%
Volatility (6M) Calculated over the trailing 6-month period	11.75%	21.66%	-9.91%
Volatility (1Y) Calculated over the trailing 1-year period	13.73%	28.06%	-14.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.54%	38.24%	-22.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.07%	38.24%	-22.17%

VNQI vs. NVDY - Expense Ratio Comparison

VNQI has a 0.12% expense ratio, which is lower than NVDY's 0.99% expense ratio.

Dividends

VNQI vs. NVDY - Dividend Comparison

VNQI's dividend yield for the trailing twelve months is around 4.72%, less than NVDY's 66.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVDY YieldMax NVDA Option Income Strategy ETF	66.87%	83.10%	83.65%	22.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VNQI Vanguard Global ex-U.S. Real Estate ETF	4.72%	4.70%	5.16%	3.74%	0.57%	6.48%	0.93%	7.58%	4.62%	3.86%	5.18%	2.86%

Frequently Asked Questions

Can I hold both VNQI and NVDY in my portfolio?

VNQI and NVDY have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VNQI or NVDY?

NVDY has higher volatility (10.45%) compared to VNQI (4.62%). In terms of maximum drawdown, VNQI dropped -38.35% vs NVDY's -34.08%.

Which ETF is better, VNQI or NVDY?

On 3-year performance, NVDY leads with 51.33% vs 8.59% for VNQI. On fees, VNQI is cheaper at 0.12% per year. On volatility, VNQI has been the lower-risk option at 4.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VNQI or NVDY?

Over the 3-year period, NVDY has performed better with a 51.33% return vs 8.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VNQI or NVDY?

VNQI is cheaper with a 0.12% expense ratio, compared with 0.99% for NVDY.

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

NVDY has the higher dividend yield at 66.87%, compared with 4.72% for VNQI.

What is the main difference between VNQI and NVDY?

VNQI is categorized as REIT, while NVDY is Derivative Income. They also come from different issuers: Vanguard and YieldMax. Their fees differ too: 0.12% for VNQI and 0.99% for NVDY.

Which has better risk-adjusted returns?

NVDY currently has the higher Sharpe Ratio (1.32 vs 0.43), 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.