YMAX vs. NVDA

Last updated Jun 4, 2026

YMAX (YieldMax Universe Fund of Option Income ETFs) is Derivative Income fund actively managed by YieldMax, while NVDA (NVIDIA Corporation) is a stock. Over the past year, YMAX returned 9.02% vs 52.10% for NVDA. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

YMAX vs. NVDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Universe Fund of Option Income ETFs (YMAX) and NVIDIA Corporation (NVDA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YMAX achieves a 6.06% return, which is significantly lower than NVDA's 15.15% return.

YMAX

• 1D: -1.70%
• 1M: 6.76%
• YTD: 6.06%
• 6M: 3.56%
• 1Y: 9.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDA

• 1D: -3.62%
• 1M: 8.20%
• YTD: 15.15%
• 6M: 19.59%
• 1Y: 52.10%
• 3Y*: 76.15%
• 5Y*: 65.05%
• 10Y*: 68.84%

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

YMAX vs. NVDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YMAX YieldMax Universe Fund of Option Income ETFs	6.06%	6.04%	26.26%
NVDA NVIDIA Corporation	15.15%	38.92%	139.64%

Correlation

The correlation between YMAX and NVDA is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jan 18, 2024	0.57

The correlation between YMAX and NVDA has been stable across timeframes, ranging from 0.48 to 0.57 - a consistent structural relationship.

Return for Risk

YMAX vs. NVDA — Risk / Return Rank

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

YMAX

YMAX Risk / Return Rank: 14
YMAX Sharpe Ratio Rank: 14
YMAX Sortino Ratio Rank: 14
YMAX Omega Ratio Rank: 15
YMAX Calmar Ratio Rank: 13
YMAX Martin Ratio Rank: 12

NVDA

NVDA Risk / Return Rank: 78
NVDA Sharpe Ratio Rank: 81
NVDA Sortino Ratio Rank: 77
NVDA Omega Ratio Rank: 73
NVDA Calmar Ratio Rank: 79
NVDA Martin Ratio Rank: 79

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.

YMAX vs. NVDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Universe Fund of Option Income ETFs (YMAX) and NVIDIA Corporation (NVDA). 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.

	YMAX	NVDA	Difference
Sharpe ratio: Return per unit of total volatility	0.42	1.53	-1.12
Sortino ratio: Return per unit of downside risk	0.70	2.15	-1.44
Omega ratio: Gain probability vs. loss probability	1.09	1.26	-0.17
Calmar ratio: Return relative to maximum drawdown	0.35	2.59	-2.24
Martin ratio: Return relative to average drawdown	0.82	6.36	-5.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YMAX vs. NVDA - Sharpe Ratio Comparison

The current YMAX Sharpe Ratio is 0.42, which is lower than the NVDA Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of YMAX and NVDA, 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

	YMAX	NVDA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.42	1.53	-1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.27	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.63	+0.07

Drawdowns

YMAX vs. NVDA - Drawdown Comparison

The maximum YMAX drawdown since its inception was -26.13%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for YMAX and NVDA.

Drawdown Indicators

	YMAX	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-26.13%	-89.72%	+63.59%
Max Drawdown (1Y) Largest decline over 1 year	-26.13%	-20.21%	-5.92%
Max Drawdown (3Y) Largest decline over 3 years	—	-36.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-66.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.34%	—
Current Drawdown Current decline from peak	-5.98%	-8.90%	+2.92%
Average Drawdown Average peak-to-trough decline	-6.33%	-36.21%	+29.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.99%	8.21%	+2.78%

Volatility

YMAX vs. NVDA - Volatility Comparison

The current volatility for YieldMax Universe Fund of Option Income ETFs (YMAX) is 6.22%, while NVIDIA Corporation (NVDA) has a volatility of 12.53%. This indicates that YMAX experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YMAX	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.22%	12.53%	-6.31%
Volatility (6M) Calculated over the trailing 6-month period	17.10%	25.54%	-8.44%
Volatility (1Y) Calculated over the trailing 1-year period	21.62%	34.22%	-12.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.97%	51.69%	-28.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.97%	49.80%	-26.83%

Dividends

YMAX vs. NVDA - Dividend Comparison

YMAX's dividend yield for the trailing twelve months is around 72.94%, more than NVDA's 0.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVDA NVIDIA Corporation	0.02%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%
YMAX YieldMax Universe Fund of Option Income ETFs	72.94%	78.70%	44.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YMAX and NVDA in my portfolio?

YMAX and NVDA have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YMAX or NVDA?

NVDA has higher volatility (12.53%) compared to YMAX (6.22%). In terms of maximum drawdown, YMAX dropped -26.13% vs NVDA's -89.72%.

Which has better risk-adjusted returns?

NVDA currently has the higher Sharpe Ratio (1.53 vs 0.42), 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.