YNVD.NEO vs. YAVG.NEO

Last updated Jun 5, 2026

YNVD.NEO (NVIDIA (NVDA) Yield Shares Purpose ETF) and YAVG.NEO (Broadcom (AVGO) Yield Shares Purpose ETF) are both Derivative Income funds from Purpose Investments. Both are actively managed. Over the past year, YNVD.NEO returned 72.69% vs 105.48% for YAVG.NEO. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

YNVD.NEO vs. YAVG.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO) and Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YNVD.NEO achieves a 20.36% return, which is significantly lower than YAVG.NEO's 42.78% return.

YNVD.NEO

• 1D: 2.83%
• 1M: 14.32%
• YTD: 20.36%
• 6M: 28.67%
• 1Y: 72.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YAVG.NEO

• 1D: -10.74%
• 1M: 0.69%
• YTD: 42.78%
• 6M: 30.18%
• 1Y: 105.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YNVD.NEO vs. YAVG.NEO - Yearly Performance Comparison

	2026 (YTD)	2025
YNVD.NEO NVIDIA (NVDA) Yield Shares Purpose ETF	20.36%	40.84%
YAVG.NEO Broadcom (AVGO) Yield Shares Purpose ETF	42.78%	57.91%

Correlation

The correlation between YNVD.NEO and YAVG.NEO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025	0.54

The correlation between YNVD.NEO and YAVG.NEO has been stable across timeframes, ranging from 0.46 to 0.54 - a consistent structural relationship.

Return for Risk

YNVD.NEO vs. YAVG.NEO — Risk / Return Rank

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

YNVD.NEO

YNVD.NEO Risk / Return Rank: 65
YNVD.NEO Sharpe Ratio Rank: 63
YNVD.NEO Sortino Ratio Rank: 57
YNVD.NEO Omega Ratio Rank: 57
YNVD.NEO Calmar Ratio Rank: 84
YNVD.NEO Martin Ratio Rank: 67

YAVG.NEO

YAVG.NEO Risk / Return Rank: 70
YAVG.NEO Sharpe Ratio Rank: 67
YAVG.NEO Sortino Ratio Rank: 64
YAVG.NEO Omega Ratio Rank: 71
YAVG.NEO Calmar Ratio Rank: 80
YAVG.NEO Martin Ratio Rank: 67

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.

YNVD.NEO vs. YAVG.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO) and Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO). 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.

	YNVD.NEO	YAVG.NEO	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.16	-0.10
Sortino ratio: Return per unit of downside risk	2.68	2.93	-0.25
Omega ratio: Gain probability vs. loss probability	1.34	1.41	-0.07
Calmar ratio: Return relative to maximum drawdown	4.45	4.10	+0.36
Martin ratio: Return relative to average drawdown	12.10	12.10	0.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YNVD.NEO vs. YAVG.NEO - Sharpe Ratio Comparison

The current YNVD.NEO Sharpe Ratio is 2.06, which is comparable to the YAVG.NEO Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of YNVD.NEO and YAVG.NEO, 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

	YNVD.NEO	YAVG.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	2.16	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	1.54	1.67	-0.12

Drawdowns

YNVD.NEO vs. YAVG.NEO - Drawdown Comparison

The maximum YNVD.NEO drawdown since its inception was -41.02%, roughly equal to the maximum YAVG.NEO drawdown of -39.57%. Use the drawdown chart below to compare losses from any high point for YNVD.NEO and YAVG.NEO.

Drawdown Indicators

	YNVD.NEO	YAVG.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-41.02%	-39.57%	-1.45%
Max Drawdown (1Y) Largest decline over 1 year	-16.41%	-25.90%	+9.49%
Current Drawdown Current decline from peak	-1.57%	-11.18%	+9.61%
Average Drawdown Average peak-to-trough decline	-8.81%	-8.27%	-0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.03%	8.75%	-2.72%

Volatility

YNVD.NEO vs. YAVG.NEO - Volatility Comparison

The current volatility for NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO) is 13.14%, while Broadcom (AVGO) Yield Shares Purpose ETF (YAVG.NEO) has a volatility of 16.20%. This indicates that YNVD.NEO experiences smaller price fluctuations and is considered to be less risky than YAVG.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YNVD.NEO	YAVG.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.14%	16.20%	-3.06%
Volatility (6M) Calculated over the trailing 6-month period	27.65%	39.35%	-11.70%
Volatility (1Y) Calculated over the trailing 1-year period	35.48%	49.06%	-13.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.45%	53.26%	-0.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.45%	53.26%	-0.81%

Dividends

YNVD.NEO vs. YAVG.NEO - Dividend Comparison

YNVD.NEO's dividend yield for the trailing twelve months is around 21.18%, less than YAVG.NEO's 24.38% yield.

Position	TTM	2025	2024
YAVG.NEO Broadcom (AVGO) Yield Shares Purpose ETF	24.38%	8.90%	0.00%
YNVD.NEO NVIDIA (NVDA) Yield Shares Purpose ETF	21.18%	23.48%	17.81%

Frequently Asked Questions

Can I hold both YNVD.NEO and YAVG.NEO in my portfolio?

YNVD.NEO and YAVG.NEO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.