DIPS vs. NVII

Last updated Jun 5, 2026

DIPS (YieldMax Short NVDA Option Income Strategy ETF) and NVII (REX NVDA Growth & Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, DIPS returned -26.97% vs 65.30% for NVII. At a correlation of -0.94, they often move in opposite directions. Both charge a 0.99% expense ratio.

Performance

DIPS vs. NVII - Performance Comparison

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

Returns By Period

In the year-to-date period, DIPS achieves a -9.87% return, which is significantly lower than NVII's 18.10% return.

DIPS

• 1D: -1.25%
• 1M: -8.03%
• YTD: -9.87%
• 6M: -11.23%
• 1Y: -26.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVII

• 1D: 2.26%
• 1M: 9.62%
• YTD: 18.10%
• 6M: 18.53%
• 1Y: 65.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DIPS vs. NVII - Yearly Performance Comparison

	2026 (YTD)	2025
DIPS YieldMax Short NVDA Option Income Strategy ETF	-9.87%	-22.01%
NVII REX NVDA Growth & Income ETF	18.10%	48.28%

Correlation

The correlation between DIPS and NVII is -0.94, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.94
Correlation (All Time) Calculated using the full available price history since May 29, 2025	-0.94

The correlation between DIPS and NVII has been stable across timeframes, ranging from -0.94 to -0.94 - a consistent structural relationship.

Return for Risk

DIPS vs. NVII — Risk / Return Rank

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

DIPS

DIPS Risk / Return Rank: 2
DIPS Sharpe Ratio Rank: 2
DIPS Sortino Ratio Rank: 2
DIPS Omega Ratio Rank: 2
DIPS Calmar Ratio Rank: 2
DIPS Martin Ratio Rank: 2

NVII

NVII Risk / Return Rank: 57
NVII Sharpe Ratio Rank: 57
NVII Sortino Ratio Rank: 51
NVII Omega Ratio Rank: 49
NVII Calmar Ratio Rank: 72
NVII Martin Ratio Rank: 54

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.

DIPS vs. NVII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Short NVDA Option Income Strategy ETF (DIPS) and REX NVDA 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.

	DIPS	NVII	Difference
Sharpe ratio: Return per unit of total volatility	-0.97	1.91	-2.88
Sortino ratio: Return per unit of downside risk	-1.31	2.43	-3.73
Omega ratio: Gain probability vs. loss probability	0.85	1.31	-0.46
Calmar ratio: Return relative to maximum drawdown	-0.80	3.55	-4.35
Martin ratio: Return relative to average drawdown	-1.38	9.04	-10.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DIPS vs. NVII - Sharpe Ratio Comparison

The current DIPS Sharpe Ratio is -0.97, which is lower than the NVII Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of DIPS 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.

Sharpe Ratios by Period

	DIPS	NVII	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.97	1.91	-2.88
Sharpe Ratio (All Time) Calculated using the full available price history	-0.87	2.14	-3.01

Drawdowns

DIPS vs. NVII - Drawdown Comparison

The maximum DIPS drawdown since its inception was -59.93%, which is greater than NVII's maximum drawdown of -18.47%. Use the drawdown chart below to compare losses from any high point for DIPS and NVII.

Drawdown Indicators

	DIPS	NVII	Difference
Max Drawdown Largest peak-to-trough decline	-59.93%	-18.47%	-41.46%
Max Drawdown (1Y) Largest decline over 1 year	-33.97%	-18.47%	-15.50%
Current Drawdown Current decline from peak	-56.40%	-6.48%	-49.92%
Average Drawdown Average peak-to-trough decline	-38.26%	-5.50%	-32.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.57%	7.25%	+12.32%

Volatility

DIPS vs. NVII - Volatility Comparison

The current volatility for YieldMax Short NVDA Option Income Strategy ETF (DIPS) is 10.68%, while REX NVDA Growth & Income ETF (NVII) has a volatility of 12.30%. This indicates that DIPS 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

	DIPS	NVII	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.68%	12.30%	-1.62%
Volatility (6M) Calculated over the trailing 6-month period	20.79%	25.32%	-4.53%
Volatility (1Y) Calculated over the trailing 1-year period	27.85%	34.37%	-6.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.00%	34.53%	+3.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.00%	34.53%	+3.47%

DIPS vs. NVII - Expense Ratio Comparison

Both DIPS and NVII have an expense ratio of 0.99%.

Dividends

DIPS vs. NVII - Dividend Comparison

DIPS's dividend yield for the trailing twelve months is around 68.74%, more than NVII's 50.41% yield.

Position	TTM	2025	2024
DIPS YieldMax Short NVDA Option Income Strategy ETF	68.74%	96.20%	24.18%
NVII REX NVDA Growth & Income ETF	50.41%	29.17%	0.00%

Frequently Asked Questions

Can I hold both DIPS and NVII in my portfolio?

DIPS and NVII have a correlation of -0.94, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIPS or NVII?

NVII has higher volatility (12.30%) compared to DIPS (10.68%). In terms of maximum drawdown, DIPS dropped -59.93% vs NVII's -18.47%.

Which ETF is better, DIPS or NVII?

On 1-year performance, NVII leads with 65.30% vs -26.97% for DIPS. Both ETFs have the same 0.99% expense ratio. On volatility, DIPS has been the lower-risk option at 10.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIPS or NVII?

Over the 1-year period, NVII has performed better with a 65.30% return vs -26.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIPS or NVII?

DIPS and NVII have the same expense ratio: 0.99% per year.

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

DIPS has the higher dividend yield at 68.74%, compared with 50.41% for NVII.

What is the main difference between DIPS and NVII?

They also come from different issuers: YieldMax and REX.

Which has better risk-adjusted returns?

NVII currently has the higher Sharpe Ratio (1.91 vs -0.97), 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.