CWII vs. ULTI

Last updated Jun 24, 2026

CWII (REX CRWV Growth & Income ETF) and ULTI (REX IncomeMax Option Strategy ETF) are both Derivative Income funds from REX Shares. Both are actively managed. A 0.56 correlation means they provide meaningful diversification when combined. CWII charges 1.03%/yr vs 1.25%/yr for ULTI.

Performance

CWII vs. ULTI - Performance Comparison

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

Returns By Period

In the year-to-date period, CWII achieves a 13,199.78% return, which is significantly higher than ULTI's 19.91% return.

CWII

• 1D: 0.00%
• 1M: 10,273.16%
• YTD: 13,199.78%
• 6M: 11,946.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ULTI

• 1D: -4.03%
• 1M: -13.99%
• YTD: 19.91%
• 6M: 11.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CWII vs. ULTI - Yearly Performance Comparison

	2026 (YTD)	2025
CWII REX CRWV Growth & Income ETF	13,199.78%	-45.06%
ULTI REX IncomeMax Option Strategy ETF	19.91%	-36.72%

Correlation

The correlation between CWII and ULTI is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 4, 2025	0.56

Return for Risk

CWII vs. ULTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX CRWV Growth & Income ETF (CWII) and REX IncomeMax Option Strategy ETF (ULTI). 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.

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

Drawdowns

CWII vs. ULTI - Drawdown Comparison

The maximum CWII drawdown since its inception was -51.04%, which is greater than ULTI's maximum drawdown of -42.09%. Use the drawdown chart below to compare losses from any high point for CWII and ULTI.

Drawdown Indicators

	CWII	ULTI	Difference
Max Drawdown Largest peak-to-trough decline	-51.04%	-42.09%	-8.95%
Current Drawdown Current decline from peak	0.00%	-26.47%	+26.47%
Average Drawdown Average peak-to-trough decline	-33.26%	-27.80%	-5.46%

Volatility

Volatility by Period

	CWII	ULTI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13,701.30%	62.18%	+13,639.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13,701.30%	62.18%	+13,639.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13,701.30%	62.18%	+13,639.12%

CWII vs. ULTI - Expense Ratio Comparison

CWII has a 1.03% expense ratio, which is lower than ULTI's 1.25% expense ratio.

Dividends

CWII vs. ULTI - Dividend Comparison

CWII's dividend yield for the trailing twelve months is around 123.26%, more than ULTI's 57.64% yield.

Position	TTM	2025
CWII REX CRWV Growth & Income ETF	123.26%	6.09%
ULTI REX IncomeMax Option Strategy ETF	57.64%	14.96%

Frequently Asked Questions

Can I hold both CWII and ULTI in my portfolio?

CWII and ULTI have a correlation of 0.56, 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 ULTI?

On fees, CWII is cheaper at 1.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CWII or ULTI?

CWII is cheaper with a 1.03% expense ratio, compared with 1.25% for ULTI.

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

CWII has the higher dividend yield at 123.26%, compared with 57.64% for ULTI.

What is the main difference between CWII and ULTI?

Their fees differ too: 1.03% for CWII and 1.25% for ULTI.