BNOV vs NVDY
Innovator US Equity Buffer ETF - November vs YieldMax NVDA Option Income Strategy ETF
Which is better, BNOV or NVDY?
NVDY has been ahead.
BNOV has a lower expense ratio. NVDY led over 1Y, 3Y 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 | BNOV | NVDY |
|---|---|---|
| Expense Ratio | 0.79%Best | 1.09% |
| AUM | $201M | $1.4B |
| Dividend Yield | 0.00% | 54.70% |
| Holdings | 18 | 32 |
| YTD Return | +11.13% | +15.76%Best |
| 1Y Return | +13.58% | +23.13%Best |
| 3Y Return (annualized) | +13.95% | +49.62%Best |
| 5Y Return (annualized) | +8.95% | - |
| Volatility (annualized) | 8.9%Best | 29.1% |
| Max Drawdown | -13.7%Best | -33.9% |
| $10,000 over 3.4 years | $15,520 | $44,912Best |
| Fund Family | Innovator ETFs Trust | YieldMax ETF |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Nov 1, 2019 | May 10, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: May 11, 2023 to Oct 14, 2026 (3.4 years).
BNOV 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 3.4 years both funds cover.
BNOV vs NVDY Performance
Innovator US Equity Buffer ETF - November (BNOV) 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 BNOV returned +13.58% while NVDY returned +23.13%. Year to date, BNOV is up 11.13% versus a gain of 15.76% for NVDY.
Over three years, BNOV compounded at +13.95% per year against +49.62% 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 29.1% compared with 8.9% for BNOV. 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 -13.7% for BNOV 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 0.51. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BNOV 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, BNOV currently yields 0.00% against 54.70% for NVDY.
You are not choosing between two funds in isolation.
Whichever of BNOV 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, BNOV or NVDY?
BNOV has an expense ratio of 0.79% while NVDY charges 1.09%. BNOV is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, BNOV or NVDY?
Over the past year BNOV returned +13.58% vs +23.13% 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, BNOV or NVDY?
NVDY has been the more volatile fund at 29.1% annualized versus 8.9% for BNOV. Worst drawdown: BNOV -13.7% vs NVDY -33.9%.
Should I hold both BNOV and NVDY?
BNOV and NVDY have a monthly-return correlation of 0.51, 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, BNOV or NVDY?
BNOV yields 0.00% while NVDY yields 54.70%, so NVDY currently pays the higher dividend yield.
Is NVDY better than BNOV?
BNOV has a lower expense ratio. NVDY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.