YieldMax NVDA Option Income Strategy ETF (NVDY) Performance
NVDY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.8% since Dec 31, 2025
- 1 year
- +16.5% total return
- 3 years
- +50.9% a year
- Since first price
- +53.3% a year since 2023
NVDY trailing returns vs SPY, QQQ, AGG
| Period | NVDY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −5.8% | −8.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.3% | −8.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.9% | −16.4% | +7.8% | +8.4% | −1.5% |
| YTD | +12.8% | −20.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +16.5% | −26.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +243.4%+50.9%/yr | −45.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionMay 11, 2023 | +337.1%+53.3%/yr | −42.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: NVDY vs SPY
From May 11, 2023: NVDY grew to $43,707, SPY to $19,259.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
NVDY returns by calendar year
2 of 2 full years positive. Best 2024 (+114.2%), worst 2025 (+27.4%). 2026 is year to date.
NVDY annual returns table
| Year | NVDY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +12.8% | −15.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +27.4% | −33.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +114.2% | −21.2% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
NVDY largest drawdowns
Now 10.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 21, 2024 | −34.1% | Apr 4, 2025 | Jul 3, 2025 | 4 months | 7 months |
| Jul 10, 2024 | −21.2% | Aug 7, 2024 | Oct 10, 2024 | 28 days | 3 months |
| Mar 25, 2024 | −16.4% | Apr 19, 2024 | May 20, 2024 | 25 days | 56 days |
| May 14, 2026 | −15.3% | Jul 29, 2026 | Sep 28, 2026 | 2 months | 5 months |
| Sep 5, 2023 | −13.9% | Oct 26, 2023 | Dec 18, 2023 | 51 days | 3 months |
| Nov 3, 2025 | −12.8% | Dec 17, 2025 | Apr 15, 2026 | 44 days | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
NVDY risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +54.5% | +52.8% |
| Volatility (annualized) | 28.8% | 28.3% |
| Sharpe ratio | 1.52 | 1.50 |
| Sortino ratio | 3.33 | 3.18 |
| Best month | +25.9% | +25.9% |
| Worst month | −12.6% | −12.6% |
| Best 12 months | +142.8% | +142.8% |
| Worst 12 months | +12.2% | +12.2% |
| Positive months | 72% | 72% |
| Beta vs S&P 500 | 1.41 | — |
| Correlation with S&P 500 | 0.61 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
NVDY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 30 | +7.5% | +37.4% | +142.8% | 100% |
| 3-year (a year) | 6 | +48.0% | +51.5% | +55.5% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
NVDY performance overview
YieldMax NVDA Option Income Strategy ETF (NVDY) returned +16.5% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +53.3% a year, turning $10,000 into about $43,707. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −34.1%, from Nov 21, 2024 to Apr 4, 2025, and it took 3 months to get back to the old high. Volatility has been 28.3% a year.
Related: NVDY chart, NVDY dividends. See the NVDY overview for the latest quote and fund facts.
NVDY performance FAQ
What is the NVDY return over the past year?
NVDY returned +16.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 26.0%.
How much would $10,000 invested in NVDY be worth?
$10,000 invested in NVDY at its first recorded close on May 11, 2023 would be worth about $43,707 on October 23, 2026 with distributions reinvested.
What was the worst year for NVDY?
The worst calendar year was 2025, with a total return of +27.4%. The best was 2024 at +114.2%.
What is the biggest drawdown of NVDY?
The largest peak-to-trough decline was −34.1% between November 21, 2024 and April 4, 2025. It recovered to the old high on July 3, 2025, 3 months after the bottom.
How volatile is NVDY?
Over the past 3 years NVDY had an annualized volatility of 28.8% and a Sharpe ratio of 1.52 (excess return over 1–3 month T-bills per unit of risk).