AAPR vs NVDY
Innovator Equity Defined Protection ETF - 2 Yr to April 2026 vs YieldMax NVDA Option Income Strategy ETF
Which is better, AAPR or NVDY?
NVDY has been ahead.
AAPR has a lower expense ratio. NVDY led over 1Y 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 | AAPR | NVDY |
|---|---|---|
| Expense Ratio | 0.79%Best | 1.09% |
| AUM | $71M | $1.4B |
| Dividend Yield | 0.00% | 54.70% |
| Holdings | 21 | 32 |
| YTD Return | +5.19% | +14.23%Best |
| 1Y Return | +7.13% | +21.73%Best |
| 3Y Return (annualized) | - | +48.90% |
| Volatility (annualized) | 2.9%Best | 27.9% |
| Max Drawdown | -6.0%Best | -33.9% |
| $10,000 over 2.5 years | $12,018 | $20,072Best |
| Fund Family | Innovator ETFs Trust | YieldMax ETF |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Apr 1, 2024 | May 10, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Apr 1, 2024 to Oct 15, 2026 (2.5 years).
AAPR vs NVDY 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 2.5 years both funds cover.
AAPR vs NVDY Performance
Innovator Equity Defined Protection ETF - 2 Yr to April 2026 (AAPR) is an ETF from Innovator ETFs Trust and YieldMax NVDA Option Income Strategy ETF (NVDY) is an ETF from YieldMax ETF. Over the past year AAPR returned +7.13% while NVDY returned +21.73%. Year to date, AAPR is up 5.19% versus a gain of 14.23% for NVDY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NVDY has been the more volatile fund, with annualized monthly volatility of 27.9% compared with 2.9% for AAPR. 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 -6.0% for AAPR and -33.9% for NVDY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.53. They move together some of the time, and apart the rest.
Fees and Cost Over Time
AAPR charges 0.79% per year while NVDY charges 1.09%. On a $10,000 position that is $79 vs $109 annually, a gap of $30 per year that compounds over a long holding period. On income, AAPR currently yields 0.00% against 54.70% for NVDY.
Holdings Overlap
We hold position weights for 1 holding in AAPR and 2 in NVDY, totalling 110.6% and 20.0% 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 1 positions we hold weights for in AAPR and 2 in NVDY, against full books of 21 and 32.
You are not choosing between two funds in isolation.
Whichever of AAPR and NVDY 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, AAPR or NVDY?
AAPR has an expense ratio of 0.79% while NVDY charges 1.09%. AAPR is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, AAPR or NVDY?
Over the past year AAPR returned +7.13% vs +21.73% for NVDY, so NVDY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AAPR or NVDY?
NVDY has been the more volatile fund at 27.9% annualized versus 2.9% for AAPR. Worst drawdown: AAPR -6.0% vs NVDY -33.9%.
Should I hold both AAPR and NVDY?
AAPR and NVDY have a monthly-return correlation of 0.53, 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, AAPR or NVDY?
AAPR yields 0.00% while NVDY yields 54.70%, so NVDY currently pays the higher dividend yield.
Is NVDY better than AAPR?
AAPR has a lower expense ratio. NVDY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.