YBIT vs. NVDY

Last updated Jun 5, 2026

YBIT (YieldMax Bitcoin Option Income Strategy ETF) and NVDY (YieldMax NVDA Option Income Strategy ETF) are both exchange-traded funds - YBIT is a Cryptocurrency fund actively managed by YieldMax, while NVDY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, YBIT returned -36.59% vs 47.85% for NVDY. At a 0.35 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

YBIT vs. NVDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Bitcoin Option Income Strategy ETF (YBIT) 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, YBIT achieves a -26.82% return, which is significantly lower than NVDY's 14.49% return.

YBIT

• 1D: -2.96%
• 1M: -19.50%
• YTD: -26.82%
• 6M: -28.95%
• 1Y: -36.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDY

• 1D: 1.27%
• 1M: 7.84%
• YTD: 14.49%
• 6M: 17.01%
• 1Y: 47.85%
• 3Y*: 55.07%
• 5Y*: —
• 10Y*: —

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

YBIT vs. NVDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YBIT YieldMax Bitcoin Option Income Strategy ETF	-26.82%	-2.49%	-0.09%
NVDY YieldMax NVDA Option Income Strategy ETF	14.49%	27.38%	47.26%

Correlation

The correlation between YBIT and NVDY is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Apr 24, 2024	0.35

Return for Risk

YBIT vs. NVDY — Risk / Return Rank

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

YBIT

YBIT Risk / Return Rank: 2
YBIT Sharpe Ratio Rank: 1
YBIT Sortino Ratio Rank: 2
YBIT Omega Ratio Rank: 2
YBIT Calmar Ratio Rank: 2
YBIT Martin Ratio Rank: 1

NVDY

NVDY Risk / Return Rank: 56
NVDY Sharpe Ratio Rank: 52
NVDY Sortino Ratio Rank: 48
NVDY Omega Ratio Rank: 48
NVDY Calmar Ratio Rank: 76
NVDY Martin Ratio Rank: 54

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.

YBIT vs. NVDY - Risk-Adjusted Trends 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.

	YBIT	NVDY	Difference
Sharpe ratio: Return per unit of total volatility	-1.02	1.76	-2.77
Sortino ratio: Return per unit of downside risk	-1.42	2.34	-3.75
Omega ratio: Gain probability vs. loss probability	0.83	1.29	-0.46
Calmar ratio: Return relative to maximum drawdown	-0.81	3.75	-4.56
Martin ratio: Return relative to average drawdown	-1.47	9.22	-10.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YBIT vs. NVDY - Sharpe Ratio Comparison

The current YBIT Sharpe Ratio is -1.02, which is lower than the NVDY Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of YBIT 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.

Sharpe Ratios by Period

	YBIT	NVDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.02	1.76	-2.77
Sharpe Ratio (All Time) Calculated using the full available price history	-0.38	1.65	-2.04

Drawdowns

YBIT vs. NVDY - Drawdown Comparison

The maximum YBIT drawdown since its inception was -45.54%, which is greater than NVDY's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for YBIT and NVDY.

Drawdown Indicators

	YBIT	NVDY	Difference
Max Drawdown Largest peak-to-trough decline	-45.54%	-34.08%	-11.46%
Max Drawdown (1Y) Largest decline over 1 year	-45.54%	-12.81%	-32.73%
Max Drawdown (3Y) Largest decline over 3 years	—	-34.08%	—
Current Drawdown Current decline from peak	-44.78%	-5.47%	-39.31%
Average Drawdown Average peak-to-trough decline	-15.17%	-6.15%	-9.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.85%	5.21%	+19.64%

Volatility

YBIT vs. NVDY - Volatility Comparison

The current volatility for YieldMax Bitcoin Option Income Strategy ETF (YBIT) is 7.61%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 9.43%. 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.

Volatility by Period

	YBIT	NVDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.61%	9.43%	-1.82%
Volatility (6M) Calculated over the trailing 6-month period	28.76%	20.71%	+8.05%
Volatility (1Y) Calculated over the trailing 1-year period	36.16%	27.33%	+8.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.65%	38.22%	+0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.65%	38.22%	+0.43%

YBIT vs. NVDY - Expense Ratio Comparison

Both YBIT and NVDY have an expense ratio of 0.99%.

Dividends

YBIT vs. NVDY - Dividend Comparison

YBIT's dividend yield for the trailing twelve months is around 105.79%, more than NVDY's 62.14% yield.

Position	TTM	2025	2024	2023
NVDY YieldMax NVDA Option Income Strategy ETF	62.14%	83.10%	83.65%	22.32%
YBIT YieldMax Bitcoin Option Income Strategy ETF	105.79%	88.33%	60.00%	0.00%

Frequently Asked Questions

Can I hold both YBIT and NVDY in my portfolio?

YBIT and NVDY have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YBIT or NVDY?

NVDY has higher volatility (9.43%) compared to YBIT (7.61%). In terms of maximum drawdown, YBIT dropped -45.54% vs NVDY's -34.08%.

Which ETF is better, YBIT or NVDY?

On 1-year performance, NVDY leads with 47.85% vs -36.59% for YBIT. Both ETFs have the same 0.99% expense ratio. On volatility, YBIT has been the lower-risk option at 7.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YBIT or NVDY?

Over the 1-year period, NVDY has performed better with a 47.85% return vs -36.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YBIT or NVDY?

YBIT and NVDY have the same expense ratio: 0.99% per year.

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

YBIT has the higher dividend yield at 105.79%, compared with 62.14% for NVDY.

What is the main difference between YBIT and NVDY?

YBIT is categorized as Cryptocurrency, while NVDY is Derivative Income.

Which has better risk-adjusted returns?

NVDY currently has the higher Sharpe Ratio (1.76 vs -1.02), 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.