NVDY vs SPY
YieldMax NVDA Option Income Strategy ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, NVDY or SPY?
Multi Alternative against Large Cap Blend.
SPY has a lower expense ratio. NVDY led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NVDY | SPY |
|---|---|---|
| Expense Ratio | 1.09% | 0.09%Best |
| AUM | $1.4B | $804.7B |
| Dividend Yield | 57.15% | 0.98% |
| Holdings | 22 | 505 |
| YTD Return | +18.62%Best | +13.81% |
| 1Y Return | +24.13%Best | +16.94% |
| 3Y Return (annualized) | +55.88%Best | +22.84% |
| 5Y Return (annualized) | - | +13.50% |
| Volatility (annualized) | 29.1% | 12.7%Best |
| Max Drawdown | -33.9% | -18.8%Best |
| $10,000 over 3.4 years | $47,291Best | $19,678 |
| Fund Family | YieldMax ETF | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | May 10, 2023 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: May 11, 2023 to Sep 22, 2026 (3.4 years).
NVDY vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.4 years both funds cover.
NVDY vs SPY Performance
YieldMax NVDA Option Income Strategy ETF (NVDY) is an ETF from YieldMax ETF and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year NVDY returned +24.13% while SPY returned +16.94%. Year to date, NVDY is up 18.62% versus a gain of 13.81% for SPY.
Over three years, NVDY compounded at +55.88% per year against +22.84% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NVDY has been the more volatile fund, with annualized monthly volatility of 29.1% compared with 12.7% 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 -33.9% for NVDY and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.58. They move together some of the time, and apart the rest.
Fees and Cost Over Time
NVDY charges 1.09% per year while SPY charges 0.09%. On a $10,000 position that is $109 vs $9 annually, a gap of $100 per year that compounds over a long holding period. On income, NVDY currently yields 57.15% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 2 holdings in NVDY and 504 in SPY, totalling 19.4% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in NVDY and 504 in SPY, against full books of 22 and 505.
You are not choosing between two funds in isolation.
Whichever of NVDY and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NVDY or SPY?
NVDY has an expense ratio of 1.09% while SPY charges 0.09%. SPY is the cheaper option, by $100 a year on a $10,000 investment.
Which performed better, NVDY or SPY?
Over the past year NVDY returned +24.13% vs +16.94% for SPY, so NVDY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NVDY or SPY?
NVDY has been the more volatile fund at 29.1% annualized versus 12.7% for SPY. Worst drawdown: NVDY -33.9% vs SPY -18.8%.
Should I hold both NVDY and SPY?
NVDY and SPY have a monthly-return correlation of 0.58, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, NVDY or SPY?
NVDY yields 57.15% while SPY yields 0.98%, so NVDY currently pays the higher dividend yield.
Is SPY better than NVDY?
SPY has a lower expense ratio. NVDY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.