NVDY vs SPY
YieldMax NVDA Option Income Strategy ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. NVDY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | NVDY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.27% | 0.09% | |
| AUM | $1.4B | $789.1B | |
| Dividend Yield | 65.68% | 1.01% | |
| Holdings | 16 | 505 | |
| YTD Return | +15.67% | +13.68% | |
| 1Y Return | +21.91% | +21.53% | |
| 3Y Return (annualized) | +54.98% | +21.44% | |
| 5Y Return (annualized) | - | +13.18% | |
| Volatility (annualized) | 29.5% | 15.3% | |
| Max Drawdown | -33.9% | -56.5% | |
| Fund Family | YieldMax ETF | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | May 10, 2023 | Jan 22, 1993 |
NVDY vs SPY Performance
YieldMax NVDA Option Income Strategy ETF (NVDY) is a ETF from YieldMax ETF and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NVDY returned +21.91% while SPY returned +21.53%. Year to date, NVDY is up 15.67% versus a gain of 13.68% for SPY.
Over three years, NVDY compounded at +54.98% per year against +21.44% for SPY. Across the full 3-year window we track, NVDY has the edge at +59.20% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NVDY has been the more volatile fund, with annualized monthly volatility of 29.5% 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 -33.9% for NVDY 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NVDY charges 1.27% per year while SPY charges 0.09%. On a $10,000 position that is $127 vs $9 annually, a gap of $118 per year that compounds over a long holding period. On income, NVDY currently yields 65.68% against 1.01% for SPY.
Holdings Overlap
NVDY and SPY share 0 holdings out of 505 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NVDY or SPY?
NVDY has an expense ratio of 1.27% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $118 per year of difference.
Which performed better, NVDY or SPY?
Over the past year NVDY returned +21.91% vs +21.53% for SPY, so NVDY leads on 1-year performance. Over the longest common window we track (3 years), NVDY annualized +59.20% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, NVDY or SPY?
NVDY has been the more volatile fund at 29.5% annualized versus 15.3% for SPY. Worst drawdown: NVDY -33.9% vs SPY -56.5%.
Should I hold both NVDY and SPY?
NVDY and SPY have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NVDY and SPY?
NVDY and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, NVDY or SPY?
NVDY yields 65.68% while SPY yields 1.01%, so NVDY currently pays the higher dividend yield.
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