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.
Correlation
The correlation between YBIT and NVDY is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
YBIT vs. NVDY - Performance Comparison
Key characteristics
YBIT:
0.41
NVDY:
0.79
YBIT:
1.05
NVDY:
1.11
YBIT:
13.75%
NVDY:
12.41%
YBIT:
42.12%
NVDY:
48.55%
YBIT:
-29.01%
NVDY:
-34.08%
YBIT:
-6.73%
NVDY:
-25.87%
Returns By Period
In the year-to-date period, YBIT achieves a 3.89% return, which is significantly higher than NVDY's -20.00% return.
YBIT
3.89%
9.27%
18.15%
6.58%
N/A
N/A
NVDY
-20.00%
-5.64%
-22.41%
17.11%
N/A
N/A
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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 Rank
YBIT
NVDY
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 90.49%, less than NVDY's 117.44% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
YBIT YieldMax Bitcoin Option Income Strategy ETF | 90.49% | 60.01% | 0.00% |
NVDY YieldMax NVDA Option Income Strategy ETF | 117.44% | 83.65% | 22.32% |
Drawdowns
YBIT vs. NVDY - Drawdown Comparison
The maximum YBIT drawdown since its inception was -29.01%, smaller than the maximum NVDY drawdown of -34.08%. 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
The current volatility for YieldMax Bitcoin Option Income Strategy ETF (YBIT) is 12.48%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 19.51%. This indicates that YBIT 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.