CWII vs. ACII

Last updated Jun 4, 2026

CWII (REX CRWV Growth & Income ETF) and ACII (Innovator Index Autocallable Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.80 suggests significant overlap in exposure. CWII charges 1.03%/yr vs 0.79%/yr for ACII.

Performance

CWII vs. ACII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX CRWV Growth & Income ETF (CWII) and Innovator Index Autocallable Income Strategy ETF (ACII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CWII

• 1D: -5.26%
• 1M: -7.64%
• YTD: 37.23%
• 6M: 17.21%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ACII

• 1D: -0.95%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CWII vs. ACII - Yearly Performance Comparison

	2026 (YTD)
CWII REX CRWV Growth & Income ETF	4.41%
ACII Innovator Index Autocallable Income Strategy ETF	-1.10%

Correlation

The correlation between CWII and ACII is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.80

Return for Risk

CWII vs. ACII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX CRWV Growth & Income ETF (CWII) and Innovator Index Autocallable Income Strategy ETF (ACII). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CWII	ACII	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.38	-7.55	+7.18

Drawdowns

CWII vs. ACII - Drawdown Comparison

The maximum CWII drawdown since its inception was -48.46%, which is greater than ACII's maximum drawdown of -1.27%. Use the drawdown chart below to compare losses from any high point for CWII and ACII.

Drawdown Indicators

	CWII	ACII	Difference
Max Drawdown Largest peak-to-trough decline	-48.46%	-1.27%	-47.19%
Current Drawdown Current decline from peak	-20.63%	-1.27%	-19.36%
Average Drawdown Average peak-to-trough decline	-30.55%	-0.42%	-30.13%

Volatility

Volatility by Period

	CWII	ACII	Difference
Volatility (1Y) Calculated over the trailing 1-year period	88.61%	7.65%	+80.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.61%	7.65%	+80.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.61%	7.65%	+80.96%

CWII vs. ACII - Expense Ratio Comparison

CWII has a 1.03% expense ratio, which is higher than ACII's 0.79% expense ratio.

Dividends

CWII vs. ACII - Dividend Comparison

CWII's dividend yield for the trailing twelve months is around 20.73%, more than ACII's 0.74% yield.

Position	TTM	2025
ACII Innovator Index Autocallable Income Strategy ETF	0.74%	0.00%
CWII REX CRWV Growth & Income ETF	20.73%	6.09%

Frequently Asked Questions

Can I hold both CWII and ACII in my portfolio?

CWII and ACII have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CWII or ACII?

On fees, ACII is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CWII or ACII?

ACII is cheaper with a 0.79% expense ratio, compared with 1.03% for CWII.

Which ETF pays a higher dividend yield, CWII or ACII?

CWII has the higher dividend yield at 20.73%, compared with 0.74% for ACII.

What is the main difference between CWII and ACII?

They also come from different issuers: REX Shares and Innovator. Their fees differ too: 1.03% for CWII and 0.79% for ACII.