YMAX vs. NVDY
Compare and contrast key facts about YieldMax Universe Fund of Option Income ETFs (YMAX) and YieldMax NVDA Option Income Strategy ETF (NVDY).
YMAX and NVDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YMAX is an actively managed fund by YieldMax. It was launched on Jan 16, 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: YMAX or NVDY.
Correlation
The correlation between YMAX and NVDY is 0.56, 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
YMAX vs. NVDY - Performance Comparison
Key characteristics
YMAX:
1.55
NVDY:
2.42
YMAX:
2.05
NVDY:
2.95
YMAX:
1.27
NVDY:
1.40
YMAX:
2.26
NVDY:
4.95
YMAX:
7.30
NVDY:
15.44
YMAX:
3.96%
NVDY:
6.79%
YMAX:
18.70%
NVDY:
43.39%
YMAX:
-12.78%
NVDY:
-21.19%
YMAX:
-4.45%
NVDY:
-5.24%
Returns By Period
The year-to-date returns for both investments are quite close, with YMAX having a 2.17% return and NVDY slightly higher at 2.26%.
YMAX
2.17%
0.17%
11.05%
27.23%
N/A
N/A
NVDY
2.26%
2.26%
10.71%
101.62%
N/A
N/A
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YMAX vs. NVDY - Expense Ratio Comparison
YMAX has a 1.28% expense ratio, which is higher than NVDY's 0.99% expense ratio.
Risk-Adjusted Performance
YMAX vs. NVDY — Risk-Adjusted Performance Rank
YMAX
NVDY
YMAX vs. NVDY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Universe Fund of Option Income ETFs (YMAX) 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.
Dividends
YMAX vs. NVDY - Dividend Comparison
YMAX's dividend yield for the trailing twelve months is around 46.96%, less than NVDY's 86.18% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
YMAX YieldMax Universe Fund of Option Income ETFs | 46.96% | 44.21% | 0.00% |
NVDY YieldMax NVDA Option Income Strategy ETF | 86.18% | 83.65% | 22.32% |
Drawdowns
YMAX vs. NVDY - Drawdown Comparison
The maximum YMAX drawdown since its inception was -12.78%, smaller than the maximum NVDY drawdown of -21.19%. Use the drawdown chart below to compare losses from any high point for YMAX and NVDY. For additional features, visit the drawdowns tool.
Volatility
YMAX vs. NVDY - Volatility Comparison
The current volatility for YieldMax Universe Fund of Option Income ETFs (YMAX) is 7.44%, while YieldMax NVDA Option Income Strategy ETF (NVDY) has a volatility of 9.88%. This indicates that YMAX 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.