NVDY vs XDTE: Performance, Holdings, Fees & Risk
NVDY and XDTE are ETFs, but they can differ materially in exposure, yield, fees and risk. NVDY is YieldMax NVDA Option Income Strategy ETF, while XDTE is Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF. NVDY is broader by holdings count, with 15 positions versus 4 for XDTE. XDTE has the lower expense ratio. Current AlgovestIQ evidence has NVDY ahead on AIQ Score, 45 versus 44.
What is the main difference between NVDY and XDTE?
NVDY holds 15 positions to XDTE's 4, and 0% of their weight is in the same securities.
| Metric | NVDY | XDTE |
|---|---|---|
| Fund | ||
| Expense ratio | 1.09% | 0.97% |
| Holdings | 15 | 4 |
| Distribution yieldTrailing 12 months | 54.02% | 30.24% |
| Average volume | 2,057,919 | 156,181 |
| Performance | ||
| 1Y return | -26.1% | -14.1% |
| YTD return | -20.5% | -5.2% |
| Risk | ||
| Annualized volatility | 31.6% | 13.8% |
| Max drawdown (1Y) | -32.9% | -19.6% |
| Beta | 1.62 | 0.94 |
| Sharpe ratio | -0.92 | -1.30 |
| Sortino ratio | -1.39 | -1.54 |
| AlgovestIQ | ||
| AIQ Score | 45/100 | 44/100 |
| AIQ Edge Score | 3/10 | 3/10 |
| Momentum | 25/100 | 27/100 |
| Risk Resilience | 57/100 | 85/100 |
AlgovestIQ AIQ Comparison
YieldMax NVDA Option Income Strategy ETF vs Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF
NVDY leads
NVDY leads by 1 AIQ points, primarily on Quality, but the lead has narrowed from 15 points over 30 sessions.
Fragile: 0 of 3 evidence groups support NVDY, its lead is narrowing, and its current signal state is conflicted.
YieldMax NVDA Option Income Strategy ETF
Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF
The Algovestiq AIQ Score currently favors NVDY over XDTE, 45 versus 44 as of Oct 24, 2026. NVDY's advantage is driven primarily by stronger quality, while XDTE holds the stronger risk resilience profile. NVDY also shows the weaker technical structure relative to its 50-day moving average. 0 of 3 covered evidence groups favor NVDY today, and the comparison is rated Fragile on stability: the AIQ gap is narrow at 1 points. NVDY lead: Weakening — the AIQ differential moved from 15 to 1 points over 30 sessions.
Compare YieldMax NVDA Option Income Strategy ETF and Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
NVDY vs XDTE: which fits what
Each row is settled by a single measure. Where the gap is too small to matter it reads Similar, and no row decides the comparison as a whole.
| If you want | NVDY | XDTE | Fits |
|---|---|---|---|
| Lower costExpense ratio | 1.09% | 0.97% | XDTE |
| Broader diversificationNumber of holdings | 15 | 4 | NVDY |
| Higher incomeTrailing 12-month distribution yield | 54.02% | 30.24% | NVDY |
| Smaller drawdownsMax drawdown, 1 year | -32.9% | -19.6% | XDTE |
| Lower volatilityAnnualized volatility, 1 year | 31.6% | 13.8% | XDTE |
Similar means the gap is within 0.01 percentage points of expense ratio, 25% more holdings, 3 points of top-10 weight, 0.2 points of yield, 2 points of drawdown or 1 point of volatility. Past drawdowns and volatility describe the funds’ history, not their future.
Performance over time
Total return with distributions reinvested, from daily closes for both ETFs.
Total return comparison
Growth of $10,000, distributions reinvested
Split-adjusted closes; each distribution is reinvested at the close on its ex-dividend date. Taxes and trading costs are not modeled.
Compare NVDY and XDTE against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Risk Resilience57 vs 85XDTE +28
- Quality55 vs 41NVDY +14
- Momentum25 vs 27Even
0 of 3 evidence groups favor NVDY. NVDY’s edge is concentrated in quality; XDTE keeps a meaningful risk resilience edge.
What changed since the last close
Latest scored session 2026-10-23, compared against the prior scored session 2026-10-22.
No factor moved materially.
No signal started or stopped since the prior session; its 7 active signals are unchanged.
Largest factor move: Momentum -5, not enough on its own to move the overall score.
New signals
- Keltner Channel Breakdown — bearish, volatility, short horizon
NVDY's lead was unchanged in the latest session.
Deeper signal detail for each name lives on its own signals page — NVDY and XDTE both carry a full feed there.
The central trade-off
NVDY (YieldMax NVDA Option Income Strategy ETF): the stronger current systematic profile, led by quality.
XDTE (Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF): the counter-case, on risk resilience, technicals.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | NVDY | XDTE | Why it matters |
|---|---|---|---|
| Expense ratio | 1.09% | 0.97% | Lower is better — it compounds against you every year you hold. |
| Holdings | 15 | 4 | More holdings means broader diversification, not better returns. |
| Average volume | 2,057,919 | 156,181 | Liquidity — matters most if you trade size. |
| Annualized volatility | 31.6% | 13.8% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -32.9% | -19.6% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | -0.92 | -1.30 | Return per unit of risk. Higher is better. |
| Beta | 1.62 | 0.94 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
Sector exposure for each fund, ordered by the size of the difference.
How much of the same holdings they own
NVDY and XDTE share 0% of their weighted exposure across 0 common holdings.
6 holdings are unique to NVDY, and 3 holdings are unique to XDTE. Owning both is genuinely additive — most of the capital sits in different securities.
What NVDY adds that XDTE doesn’t
| Holding | NVDY | XDTE |
|---|---|---|
| United States Treasury Bill 10/15/2026 | 17.03% | Not held |
| United States Treasury Bill 02/18/2027 | 16.09% | Not held |
| United States Treasury Bill 07/08/2027 | 15.9% | Not held |
| United States Treasury Bill 12/10/2026 | 15.84% | Not held |
| United States Treasury Note/Bond 2.375% 05/15/2027 | 15.18% | Not held |
| First American Government Obligations Fund 12/01/2031 | 2.25% | Not held |
What XDTE adds that NVDY doesn’t
| Holding | XDTE | NVDY |
|---|---|---|
| 4SPX 270319C00678800SPX 03/19/2027 678.8 C | 66.25% | Not held |
| 4SPX 270611C00678800SPX 06/11/2027 678.8 C | 24.61% | Not held |
| WEEKRoundhill Weekly T-Bill ETF | 7.22% | Not held |
Each list is a fund’s largest positions by weight that the other fund does not hold, or holds at less than half the weight.
NVDY vs XDTE: five-year payout growth
NVDY began paying distributions in 2023, so it has no 2020-2025 growth rate to compare. XDTE began paying distributions in 2024, so it has no 2020-2025 growth rate to compare.
| Dividend metric | NVDY | XDTE |
|---|---|---|
| 2025 annual payout | $12.142 | $15.536 |
| Peer rank | not ranked | not ranked |
Split-adjusted annual distributions, 2020–2025. Research as of Sep 19, 2026. Yield and expense ratio above are current values, not part of this window.
AIQ Agreement Matrix
0 of 3 covered evidence groups favor NVDY. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | Even | 45 vs 44 |
| Fundamentals | Not covered | Not covered |
| Valuation | Not covered | Not covered |
| Technicals | XDTE | Price vs 50-day -7.7% vs -2.4%; vs 200-day -12.6% vs -3.2% |
| Risk Resilience | XDTE | Risk Resilience 57 vs 85 |
| Analyst expectations | Not covered | Not covered |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of NVDY and XDTE and are excluded from the count.
AIQ Decision Stability
The conclusion is sensitive to small changes. Treat the lead as provisional and watch the flip conditions below.
- The AIQ gap is narrow at 1 points. (argues the conclusion is provisional)
- Only 0 of 3 covered evidence groups agree. (argues the conclusion is provisional)
- The leader's advantage has been narrowing. (argues the conclusion is provisional)
- The leader is throwing conflicting signals. (argues the conclusion is provisional)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on NVDY.
How the comparison changed
48 daily snapshots · Sep 6 – Oct 23NVDY lead: Weakening — the AIQ differential moved from 15 to 1 points over 30 sessions.
- Today
- NVDY +1
- 45 vs 44
- 7 sessions ago
- Level
- 46 vs 46
- 30 sessions ago
- NVDY +15
- 63 vs 48
- 90 sessions ago
- Not covered
The lead changed hands once in this window, most recently on Oct 22 when NVDY moved ahead of XDTE.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
1 bullish / 5 bearish / 1 neutral, conflicted
Only NVDY
- RSI Oversold - Potential Bounce — bullish, momentum, short horizon
- 52-Week Low Proximity — bearish, risk, long horizon (0.0%)
0 bullish / 4 bearish / 2 neutral
Only XDTE
- ATR Contraction - Coiling — neutral, volatility, short horizon (0.84%)
Both carry 5 more signals that do not separate them: Bollinger Band Squeeze, Death Cross Active, Keltner Channel Breakdown, Downtrend Structure Active, MACD Bearish Crossover.
NVDY leads the comparison while carrying a conflicted signal state, which is one reason the stability rating is not higher.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price -0.52%, AIQ 0 points).
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price -0.34%, AIQ 0 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1XDTE closes the Quality gap — currently 14 points behind, the largest single contributor to NVDY's edge.
- 2XDTE's Death Cross Active resolves — a bearish trend rule currently active against it.
- 3NVDY's conflicting signal state resolves bearish — it currently carries 1 bullish and 5 bearish rules at once.
- 4The narrowing continues — the lead has already given back 14 points over 30 sessions, and a further 1-point move would eliminate NVDY's advantage entirely.
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Performance
XDTE leads 6 of 6 windows| Metric | NVDY | XDTE |
|---|---|---|
| 1 week (5 sessions) | -1.2% | -0.6% |
| 1 month (20 sessions) | -8.3% | -2.4% |
| 3 months (63 sessions) | -3.5% | -1.8% |
| 6 months (126 sessions) | -18.3% | -3.6% |
| Year to date | -20.5% | -5.2% |
| 1 year (252 sessions) | -26.1% | -14.1% |
Technicals
XDTE has the stronger structure| Metric | NVDY | XDTE |
|---|---|---|
| RSI (14) | 24.7 | 32.3 |
| ADX (14) | 23.6 | 24.1 |
| Price vs 50-day | -7.7% | -2.4% |
| Price vs 200-day | -12.6% | -3.2% |
| Volatility (1M, annualized) | 25.9% | 10% |
Risk
XDTE is the more resilient| Metric | NVDY | XDTE |
|---|---|---|
| Beta | 1.62 | 0.94 |
| Sharpe ratio | -0.92 | -1.3 |
| Sortino ratio | -1.39 | -1.54 |
| Max drawdown | -32.9% | -19.6% |
| Current drawdown | -32.9% | -16% |
| Annualized volatility | 31.6% | 13.8% |
| Value at risk (95%) | -3.4% | -1.5% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
What is the difference between NVDY and XDTE?
NVDY holds 15 positions to XDTE's 4, and 0% of their weight is in the same securities.
How much do NVDY and XDTE overlap?
NVDY and XDTE share 0% of their weighted exposure across 0 common holdings. 6 holdings are unique to NVDY, and 3 holdings are unique to XDTE. Owning both is genuinely additive — most of the capital sits in different securities.
Which ETF is more diversified, NVDY or XDTE?
NVDY holds more positions: 15 versus 4 for XDTE.
Which has the lower expense ratio?
XDTE has the lower expense ratio, 0.97% a year against 1.09% for NVDY.
Which ETF has the higher distribution yield?
NVDY, with a trailing 12-month distribution yield of 54.02% against 30.24% for XDTE.
Which ETF has been more volatile?
NVDY has been more volatile over the past year, at 31.6% annualized against 13.8% for XDTE.
Which ETF has had the smaller drawdown?
XDTE fell less from peak to trough over the past year: -19.6% against -32.9% for NVDY.
Compare NVDY and XDTE with others
Continue your research
This page answers which of the two. These answer the questions on either side of it.
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality, Value, Momentum and Risk, each carrying a fixed weight. Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.