AJUL vs NVDY
Innovator Equity Defined Protection ETF - 2 Yr to July 2026 vs YieldMax NVDA Option Income Strategy ETF
Which is better, AJUL or NVDY?
NVDY has been ahead.
AJUL 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 | AJUL | NVDY |
|---|---|---|
| Expense Ratio | 0.79%Best | 1.09% |
| AUM | $98M | $1.4B |
| Dividend Yield | 0.00% | 54.70% |
| Holdings | 21 | 32 |
| YTD Return | +4.38% | +15.76%Best |
| 1Y Return | +6.14% | +23.13%Best |
| 3Y Return (annualized) | - | +49.62% |
| Volatility (annualized) | 3.4%Best | 26.9% |
| Max Drawdown | -6.1%Best | -33.9% |
| $10,000 over 2.3 years | $11,752 | $16,447Best |
| Fund Family | Innovator ETFs Trust | YieldMax ETF |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jul 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 2.3 years row, are measured over the window both funds cover: Jul 1, 2024 to Oct 14, 2026 (2.3 years).
AJUL 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 2.3 years both funds cover.
AJUL vs NVDY Performance
Innovator Equity Defined Protection ETF - 2 Yr to July 2026 (AJUL) 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 AJUL returned +6.14% while NVDY returned +23.13%. Year to date, AJUL is up 4.38% versus a gain of 15.76% 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 26.9% compared with 3.4% for AJUL. 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 -6.1% for AJUL 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 0.40. They move together some of the time, and apart the rest.
Fees and Cost Over Time
AJUL 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, AJUL currently yields 0.00% against 54.70% for NVDY.
Holdings Overlap
We hold position weights for 1 holding in AJUL and 2 in NVDY, totalling 99.5% 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 AJUL and 2 in NVDY, against full books of 21 and 32.
You are not choosing between two funds in isolation.
Whichever of AJUL 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, AJUL or NVDY?
AJUL has an expense ratio of 0.79% while NVDY charges 1.09%. AJUL is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, AJUL or NVDY?
Over the past year AJUL returned +6.14% vs +23.13% for NVDY, so NVDY leads on 1-year performance. Over the longest common window we track (2 years), AJUL annualized +7.27% vs +24.15% for NVDY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AJUL or NVDY?
NVDY has been the more volatile fund at 26.9% annualized versus 3.4% for AJUL. Worst drawdown: AJUL -6.1% vs NVDY -33.9%.
Should I hold both AJUL and NVDY?
AJUL and NVDY have a monthly-return correlation of 0.40, 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, AJUL or NVDY?
AJUL yields 0.00% while NVDY yields 54.70%, so NVDY currently pays the higher dividend yield.
Is NVDY better than AJUL?
AJUL 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.