YieldMax NVDA Option Income Strategy ETF (NVDY) — Stock Correlations & Overview
Over the past year, NVDY has moved most closely with NVDL, NVDA, NVDX. Explore the stocks most correlated and inversely correlated with NVDY below, along with its price, financials, and company profile.
Stocks correlated with NVDY
Correlation of daily returns. Higher positive values move with NVDY; negative values move opposite it. Informational only, not investment advice.
Most correlated with NVDY
| Symbol | Company | Correlation |
|---|---|---|
| NVDL | GraniteShares ETF Trust GraniteShares 2x Long NVDA Daily ETF | 0.96 |
| NVDA | Nvidia CorpSEMICONDUCTORS & RELATED DEVICES | 0.96 |
| NVDX | T-Rex 2X Long NVIDIA Daily Target ETF | 0.96 |
| NVDB | ProShares Ultra NVDA | 0.96 |
| NVDU | Direxion Shares ETF Trust Direxion Daily NVDA Bull 2X ETF | 0.95 |
Most inversely correlated with NVDY
| Symbol | Company | Correlation |
|---|---|---|
| NVDD | Direxion Shares ETF Trust Direxion Daily NVDA Bear 1X ETF | -0.95 |
| NVDQ | T-Rex 2X Inverse NVIDIA Daily Target ETF | -0.95 |
| NVD | GraniteShares ETF Trust GraniteShares 2x Short NVDA Daily ETF | -0.94 |
| NVDS | Investment Managers Series Trust II Tradr 1.5X Short NVDA Daily ETF | -0.93 |
| DIPS | YieldMax Short NVDA Option Income Strategy ETF | -0.82 |
Frequently asked questions about NVDY correlations
- Which stocks are most correlated with NVDY?
- Based on one year of daily returns, the stocks most correlated with YieldMax NVDA Option Income Strategy ETF (NVDY) are NVDL (0.96), NVDA (0.96) and NVDX (0.96). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with NVDY?
- Over the past year, the stocks most inversely correlated with YieldMax NVDA Option Income Strategy ETF (NVDY) are NVDD (-0.95), NVDQ (-0.95) and NVD (-0.94). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these NVDY correlations calculated?
- We compute the correlation of daily returns between NVDY and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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