NVDW vs SPY
Roundhill NVDA WeeklyPay ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | NVDW | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | 0.09% | |
| AUM | $119M | $821.1B | |
| Dividend Yield | 62.84% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | -3.80% | +12.68% | |
| 1Y Return | +3.26% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 45.8% | 15.3% | |
| Max Drawdown | -37.2% | -56.5% | |
| Fund Family | Roundhill Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 19, 2025 | Jan 22, 1993 |
NVDW vs SPY Performance
Roundhill NVDA WeeklyPay ETF (NVDW) is a ETF from Roundhill Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NVDW returned +3.26% while SPY returned +21.82%. Year to date, NVDW is down 3.80% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
NVDW has been the more volatile fund, with annualized monthly volatility of 45.8% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -37.2% for NVDW and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NVDW charges 1.00% per year while SPY charges 0.09%. On a $10,000 position that is $100 vs $9 annually, a gap of $91 per year that compounds over a long holding period. On income, NVDW currently yields 62.84% against 1.01% for SPY.
Holdings Overlap
NVDW and SPY share 1 holdings out of 505 unique holdings combined, representing a 7.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in NVDW | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 16.60% | 7.71% | 8.89% |
Frequently Asked Questions
Which is cheaper, NVDW or SPY?
NVDW has an expense ratio of 1.00% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
Which performed better, NVDW or SPY?
Over the past year NVDW returned +3.26% vs +21.82% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), NVDW annualized +32.24% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, NVDW or SPY?
NVDW has been the more volatile fund at 45.8% annualized versus 15.3% for SPY. Worst drawdown: NVDW -37.2% vs SPY -56.5%.
Should I hold both NVDW and SPY?
NVDW and SPY have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NVDW and SPY?
NVDW and SPY share 1 common holdings with a 7.7% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, NVDW or SPY?
NVDW yields 62.84% while SPY yields 1.01%, so NVDW currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.