VOE vs. NVDY
VOE (Vanguard Mid-Cap Value ETF) and NVDY (YieldMax NVDA Option Income Strategy ETF) are both exchange-traded funds - VOE is a Mid Cap Value Equities fund tracking the CRSP US Mid Cap Value Index, while NVDY is a Derivative Income fund actively managed by YieldMax. VOE is passively managed, while NVDY is actively managed. Over the past 3 years, VOE returned 16.04%/yr vs 51.33%/yr for NVDY. At a 0.19 correlation, their price movements are largely independent. VOE charges 0.05%/yr vs 0.99%/yr for NVDY.
Performance
VOE vs. NVDY - Performance Comparison
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Returns By Period
In the year-to-date period, VOE achieves a 12.81% return, which is significantly higher than NVDY's 8.91% return.
VOE
- 1D
- 1.10%
- 1M
- 3.67%
- YTD
- 12.81%
- 6M
- 11.83%
- 1Y
- 24.24%
- 3Y*
- 16.04%
- 5Y*
- 8.93%
- 10Y*
- 10.92%
NVDY
- 1D
- 0.08%
- 1M
- -7.09%
- YTD
- 8.91%
- 6M
- 14.71%
- 1Y
- 36.80%
- 3Y*
- 51.33%
- 5Y*
- —
- 10Y*
- —
VOE vs. NVDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VOE Vanguard Mid-Cap Value ETF | 12.81% | 12.08% | 14.00% | 11.98% |
NVDY YieldMax NVDA Option Income Strategy ETF | 8.91% | 27.38% | 114.23% | 41.31% |
Correlation
The correlation between VOE and NVDY is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since May 11, 2023 | 0.19 |
The correlation between VOE and NVDY shifts across timeframes, from 0.09 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VOE vs. NVDY — Risk / Return Rank
VOE
NVDY
VOE vs. NVDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Value ETF (VOE) 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.
| VOE | NVDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.23 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 2.89 | +0.63 |
| Martin ratioReturn relative to average drawdown | 13.34 | 6.79 | +6.55 |
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Drawdowns
VOE vs. NVDY - Drawdown Comparison
The maximum VOE drawdown since its inception was -61.50%, which is greater than NVDY's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for VOE and NVDY.
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Drawdown Indicators
| VOE | NVDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.50% | -34.08% | -27.42% |
Max Drawdown (1Y)Largest decline over 1 year | -6.93% | -12.81% | +5.88% |
Max Drawdown (3Y)Largest decline over 3 years | -18.45% | -34.08% | +15.63% |
Max Drawdown (5Y)Largest decline over 5 years | -19.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.18% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -10.09% | +10.09% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -6.17% | -2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 5.44% | -3.61% |
Volatility
VOE vs. NVDY - Volatility Comparison
The current volatility for Vanguard Mid-Cap Value ETF (VOE) is 3.19%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 10.45%. This indicates that VOE 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.
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Volatility by Period
| VOE | NVDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 10.45% | -7.26% |
Volatility (6M)Calculated over the trailing 6-month period | 8.30% | 21.66% | -13.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 28.06% | -16.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.06% | 38.24% | -22.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.83% | 38.24% | -19.41% |
VOE vs. NVDY - Expense Ratio Comparison
VOE has a 0.05% expense ratio, which is lower than NVDY's 0.99% expense ratio.
Dividends
VOE vs. NVDY - Dividend Comparison
VOE's dividend yield for the trailing twelve months is around 1.84%, 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% |
VOE Vanguard Mid-Cap Value ETF | 1.84% | 2.10% | 2.11% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% |
Frequently Asked Questions
VOE and NVDY have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDY has higher volatility (10.45%) compared to VOE (3.19%). In terms of maximum drawdown, VOE dropped -61.50% vs NVDY's -34.08%.
On 3-year performance, NVDY leads with 51.33% vs 16.04% for VOE. On fees, VOE is cheaper at 0.05% per year. On volatility, VOE has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, NVDY has performed better with a 51.33% return vs 16.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOE is cheaper with a 0.05% expense ratio, compared with 0.99% for NVDY.
NVDY has the higher dividend yield at 66.87%, compared with 1.84% for VOE.
VOE is categorized as Mid Cap Value Equities, while NVDY is Derivative Income. They also come from different issuers: Vanguard and YieldMax. Their fees differ too: 0.05% for VOE and 0.99% for NVDY.
VOE currently has the higher Sharpe Ratio (2.10 vs 1.32), 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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