YNVD.NEO vs. DXQ.TO
YNVD.NEO (NVIDIA (NVDA) Yield Shares Purpose ETF) and DXQ.TO (Dynamic Active Enhanced Yield Covered Options ETF) are both Derivative Income funds. Both are actively managed. Over the past year, YNVD.NEO returned 33.27% vs 16.81% for DXQ.TO. A 0.53 correlation means they provide meaningful diversification when combined. YNVD.NEO charges 1.94%/yr vs 0.72%/yr for DXQ.TO.
Performance
YNVD.NEO vs. DXQ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, YNVD.NEO achieves a 5.40% return, which is significantly lower than DXQ.TO's 7.37% return.
YNVD.NEO
- 1D
- -2.41%
- 1M
- -10.29%
- YTD
- 5.40%
- 6M
- 4.38%
- 1Y
- 33.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DXQ.TO
- 1D
- -0.24%
- 1M
- 1.01%
- YTD
- 7.37%
- 6M
- 7.50%
- 1Y
- 16.81%
- 3Y*
- 17.48%
- 5Y*
- —
- 10Y*
- —
YNVD.NEO vs. DXQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YNVD.NEO NVIDIA (NVDA) Yield Shares Purpose ETF | 5.40% | 39.74% | 132.75% |
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF | 7.37% | 12.99% | 18.99% |
Correlation
The correlation between YNVD.NEO and DXQ.TO is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2024 | 0.53 |
The correlation between YNVD.NEO and DXQ.TO has been stable across timeframes, ranging from 0.53 to 0.56 - a consistent structural relationship.
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Return for Risk
YNVD.NEO vs. DXQ.TO — Risk / Return Rank
YNVD.NEO
DXQ.TO
YNVD.NEO vs. DXQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO) and Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| YNVD.NEO | DXQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.34 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 3.30 | -1.40 |
| Martin ratioReturn relative to average drawdown | 4.48 | 9.15 | -4.67 |
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Drawdowns
YNVD.NEO vs. DXQ.TO - Drawdown Comparison
The maximum YNVD.NEO drawdown since its inception was -41.03%, which is greater than DXQ.TO's maximum drawdown of -15.54%. Use the drawdown chart below to compare losses from any high point for YNVD.NEO and DXQ.TO.
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Drawdown Indicators
| YNVD.NEO | DXQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.03% | -15.54% | -25.49% |
Max Drawdown (1Y)Largest decline over 1 year | -17.58% | -5.11% | -12.47% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.54% | — |
Current DrawdownCurrent decline from peak | -17.00% | -1.86% | -15.14% |
Average DrawdownAverage peak-to-trough decline | -9.27% | -1.26% | -8.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.45% | 1.84% | +5.61% |
Volatility
YNVD.NEO vs. DXQ.TO - Volatility Comparison
NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO) has a higher volatility of 15.86% compared to Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO) at 3.11%. This indicates that YNVD.NEO's price experiences larger fluctuations and is considered to be riskier than DXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YNVD.NEO | DXQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.86% | 3.11% | +12.75% |
Volatility (6M)Calculated over the trailing 6-month period | 29.24% | 7.57% | +21.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.12% | 9.31% | +27.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.75% | 10.92% | +41.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.75% | 10.92% | +41.83% |
YNVD.NEO vs. DXQ.TO - Expense Ratio Comparison
YNVD.NEO has a 1.94% expense ratio, which is higher than DXQ.TO's 0.72% expense ratio.
Dividends
YNVD.NEO vs. DXQ.TO - Dividend Comparison
YNVD.NEO's dividend yield for the trailing twelve months is around 20.76%, more than DXQ.TO's 7.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF | 7.89% | 7.45% | 5.74% | 6.54% | 1.83% |
YNVD.NEO NVIDIA (NVDA) Yield Shares Purpose ETF | 20.76% | 20.15% | 16.07% | 0.00% | 0.00% |
Frequently Asked Questions
YNVD.NEO and DXQ.TO have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DXQ.TO is cheaper at 0.72% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXQ.TO is cheaper with a 0.72% expense ratio, compared with 1.94% for YNVD.NEO.
They also come from different issuers: Purpose Investments and Dynamic. Their fees differ too: 1.94% for YNVD.NEO and 0.72% for DXQ.TO.
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