YBIT vs. NVDY
Compare and contrast key facts about YieldMax Bitcoin Option Income Strategy ETF (YBIT) and YieldMax NVDA Option Income Strategy ETF (NVDY).
YBIT and NVDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YBIT is an actively managed fund by YieldMax. It was launched on Apr 22, 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: YBIT or NVDY.
Key characteristics
| YBIT | NVDY | |
|---|---|---|
| Daily Std Dev | 43.66% | 42.15% |
| Max Drawdown | -29.01% | -21.19% |
| Current Drawdown | -5.85% | -1.42% |
Correlation
The correlation between YBIT and NVDY is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
YBIT vs. NVDY - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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YBIT vs. NVDY - Expense Ratio Comparison
Both YBIT and NVDY have an expense ratio of 0.99%.
Risk-Adjusted Performance
YBIT vs. NVDY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Bitcoin Option Income Strategy ETF (YBIT) 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.
Not enough dataDividends
YBIT vs. NVDY - Dividend Comparison
YBIT's dividend yield for the trailing twelve months is around 38.70%, less than NVDY's 73.54% yield.
| TTM | 2023 | |
|---|---|---|
YBIT YieldMax Bitcoin Option Income Strategy ETF | 38.70% | 0.00% |
NVDY YieldMax NVDA Option Income Strategy ETF | 73.54% | 22.32% |
Drawdowns
YBIT vs. NVDY - Drawdown Comparison
The maximum YBIT drawdown since its inception was -29.01%, which is greater than NVDY's maximum drawdown of -21.19%. Use the drawdown chart below to compare losses from any high point for YBIT and NVDY. For additional features, visit the drawdowns tool.
Volatility
YBIT vs. NVDY - Volatility Comparison
YieldMax Bitcoin Option Income Strategy ETF (YBIT) has a higher volatility of 15.10% compared to YieldMax NVDA Option Income Strategy ETF (NVDY) at 8.68%. This indicates that YBIT's price experiences larger fluctuations and is considered to be riskier than NVDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.