BSTP vs. NVII

Last updated Jul 17, 2026

BSTP (Innovator Buffer Step-Up Strategy ETF) and NVII (REX NVIDIA Growth & Income ETF) are both exchange-traded funds - BSTP is a Options Trading fund tracking the S&P 500, while NVII is a Derivative Income fund actively managed by REX. BSTP is passively managed, while NVII is actively managed. Over the past year, BSTP returned 13.69% vs 29.35% for NVII. A 0.58 correlation means they provide meaningful diversification when combined. BSTP charges 0.89%/yr vs 0.99%/yr for NVII.

Performance

BSTP vs. NVII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Buffer Step-Up Strategy ETF (BSTP) and REX NVIDIA Growth & Income ETF (NVII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSTP achieves a 6.35% return, which is significantly lower than NVII's 13.29% return.

BSTP

• 1D: -0.32%
• 1M: 0.35%
• 6M: 5.34%
• YTD: 6.35%
• 1Y: 13.69%
• 3Y*: 12.94%
• 5Y*: —
• 10Y*: —

NVII

• 1D: -1.83%
• 1M: 1.41%
• 6M: 11.95%
• YTD: 13.29%
• 1Y: 29.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BSTP vs. NVII - Yearly Performance Comparison

	2026 (YTD)	2025
BSTP Innovator Buffer Step-Up Strategy ETF	6.35%	10.78%
NVII REX NVIDIA Growth & Income ETF	13.29%	47.63%

Correlation

The correlation between BSTP and NVII is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (All Time) Calculated using the full available price history since May 28, 2025	0.58

The correlation between BSTP and NVII has been stable across timeframes, ranging from 0.58 to 0.59 - a consistent structural relationship.

Return for Risk

BSTP vs. NVII — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BSTP

BSTP Risk / Return Rank: 63
BSTP Sharpe Ratio Rank: 62
BSTP Sortino Ratio Rank: 63
BSTP Omega Ratio Rank: 65
BSTP Calmar Ratio Rank: 55
BSTP Martin Ratio Rank: 72

NVII

NVII Risk / Return Rank: 30
NVII Sharpe Ratio Rank: 27
NVII Sortino Ratio Rank: 27
NVII Omega Ratio Rank: 27
NVII Calmar Ratio Rank: 37
NVII Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BSTP vs. NVII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Buffer Step-Up Strategy ETF (BSTP) and REX NVIDIA Growth & Income ETF (NVII). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BSTP	NVII	Difference
Sharpe ratio: Return per unit of total volatility	1.65	0.81	+0.84
Sortino ratio: Return per unit of downside risk	2.34	1.28	+1.07
Omega ratio: Gain probability vs. loss probability	1.31	1.16	+0.16
Calmar ratio: Return relative to maximum drawdown	2.21	1.59	+0.62
Martin ratio: Return relative to average drawdown	10.38	3.46	+6.92

BSTP vs. NVII - Sharpe Ratio Comparison

The current BSTP Sharpe Ratio is 1.65, which is higher than the NVII Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of BSTP and NVII, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BSTP vs. NVII - Drawdown Comparison

The maximum BSTP drawdown since its inception was -16.69%, smaller than the maximum NVII drawdown of -18.56%. Use the drawdown chart below to compare losses from any high point for BSTP and NVII.

Drawdown Indicators

	BSTP	NVII	Difference
Max Drawdown Largest peak-to-trough decline	-16.69%	-18.56%	+1.87%
Max Drawdown (1Y) Largest decline over 1 year	-6.23%	-18.56%	+12.33%
Max Drawdown (3Y) Largest decline over 3 years	-13.69%	—	—
Current Drawdown Current decline from peak	-0.32%	-10.29%	+9.97%
Average Drawdown Average peak-to-trough decline	-3.45%	-6.23%	+2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.32%	8.51%	-7.19%

Volatility

BSTP vs. NVII - Volatility Comparison

The current volatility for Innovator Buffer Step-Up Strategy ETF (BSTP) is 2.14%, while REX NVIDIA Growth & Income ETF (NVII) has a volatility of 10.42%. This indicates that BSTP experiences smaller price fluctuations and is considered to be less risky than NVII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSTP	NVII	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.14%	10.42%	-8.28%
Volatility (6M) Calculated over the trailing 6-month period	6.68%	27.93%	-21.25%
Volatility (1Y) Calculated over the trailing 1-year period	8.34%	36.25%	-27.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.04%	35.52%	-23.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.04%	35.52%	-23.48%

BSTP vs. NVII - Expense Ratio Comparison

BSTP has a 0.89% expense ratio, which is lower than NVII's 0.99% expense ratio.

Dividends

BSTP vs. NVII - Dividend Comparison

BSTP has not paid dividends to shareholders, while NVII's dividend yield for the trailing twelve months is around 55.68%.

Position	TTM	2025
BSTP Innovator Buffer Step-Up Strategy ETF	0.00%	0.00%
NVII REX NVIDIA Growth & Income ETF	55.68%	29.17%

Frequently Asked Questions

Can I hold both BSTP and NVII in my portfolio?

BSTP and NVII have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSTP or NVII?

NVII has higher volatility (10.42%) compared to BSTP (2.14%). In terms of maximum drawdown, BSTP dropped -16.69% vs NVII's -18.56%.

Which ETF is better, BSTP or NVII?

On 1-year performance, NVII leads with 29.35% vs 13.69% for BSTP. On fees, BSTP is cheaper at 0.89% per year. On volatility, BSTP has been the lower-risk option at 2.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSTP or NVII?

Over the 1-year period, NVII has performed better with a 29.35% return vs 13.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSTP or NVII?

BSTP is cheaper with a 0.89% expense ratio, compared with 0.99% for NVII.

Which ETF pays a higher dividend yield, BSTP or NVII?

NVII has the higher dividend yield at 55.68%, compared with 0.00% for BSTP.

What is the main difference between BSTP and NVII?

BSTP is categorized as Options Trading, while NVII is Derivative Income. They also come from different issuers: Innovator and REX. Their fees differ too: 0.89% for BSTP and 0.99% for NVII.

Which has better risk-adjusted returns?

BSTP currently has the higher Sharpe Ratio (1.65 vs 0.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.