DIVZ vs. NVII

Last updated Jun 4, 2026

DIVZ (Opal Dividend Income ETF) and NVII (REX NVDA Growth & Income ETF) are both exchange-traded funds - DIVZ is a Large Cap Value Equities fund actively managed by TrueShares, while NVII is a Derivative Income fund actively managed by REX. Both are actively managed. Over the past year, DIVZ returned 10.40% vs 62.33% for NVII. At a correlation of -0.06, they often move in opposite directions. DIVZ charges 0.65%/yr vs 0.99%/yr for NVII.

Performance

DIVZ vs. NVII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Opal Dividend Income ETF (DIVZ) 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, DIVZ achieves a 3.10% return, which is significantly lower than NVII's 15.50% return.

DIVZ

• 1D: -0.26%
• 1M: -0.16%
• YTD: 3.10%
• 6M: 3.41%
• 1Y: 10.40%
• 3Y*: 15.03%
• 5Y*: 8.36%
• 10Y*: —

NVII

• 1D: -3.35%
• 1M: 6.25%
• YTD: 15.50%
• 6M: 18.61%
• 1Y: 62.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DIVZ vs. NVII - Yearly Performance Comparison

	2026 (YTD)	2025
DIVZ Opal Dividend Income ETF	3.10%	9.00%
NVII REX NVDA Growth & Income ETF	15.50%	48.28%

Correlation

The correlation between DIVZ and NVII is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (All Time) Calculated using the full available price history since May 29, 2025	-0.06

Return for Risk

DIVZ vs. NVII — Risk / Return Rank

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

DIVZ

DIVZ Risk / Return Rank: 31
DIVZ Sharpe Ratio Rank: 30
DIVZ Sortino Ratio Rank: 31
DIVZ Omega Ratio Rank: 28
DIVZ Calmar Ratio Rank: 36
DIVZ Martin Ratio Rank: 30

NVII

NVII Risk / Return Rank: 52
NVII Sharpe Ratio Rank: 52
NVII Sortino Ratio Rank: 47
NVII Omega Ratio Rank: 46
NVII Calmar Ratio Rank: 67
NVII Martin Ratio Rank: 50

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.

DIVZ vs. NVII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Opal Dividend Income ETF (DIVZ) 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.

	DIVZ	NVII	Difference
Sharpe ratio: Return per unit of total volatility	1.13	1.83	-0.70
Sortino ratio: Return per unit of downside risk	1.67	2.35	-0.68
Omega ratio: Gain probability vs. loss probability	1.19	1.30	-0.10
Calmar ratio: Return relative to maximum drawdown	1.79	3.39	-1.60
Martin ratio: Return relative to average drawdown	4.44	8.64	-4.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DIVZ vs. NVII - Sharpe Ratio Comparison

The current DIVZ Sharpe Ratio is 1.13, which is lower than the NVII Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of DIVZ 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

	DIVZ	NVII	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	1.83	-0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	2.04	-1.15

Drawdowns

DIVZ vs. NVII - Drawdown Comparison

The maximum DIVZ drawdown since its inception was -15.42%, smaller than the maximum NVII drawdown of -18.47%. Use the drawdown chart below to compare losses from any high point for DIVZ and NVII.

Drawdown Indicators

	DIVZ	NVII	Difference
Max Drawdown Largest peak-to-trough decline	-15.42%	-18.47%	+3.05%
Max Drawdown (1Y) Largest decline over 1 year	-5.83%	-18.47%	+12.64%
Max Drawdown (3Y) Largest decline over 3 years	-9.52%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.42%	—	—
Current Drawdown Current decline from peak	-4.50%	-8.54%	+4.04%
Average Drawdown Average peak-to-trough decline	-3.49%	-5.50%	+2.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	7.24%	-4.89%

Volatility

DIVZ vs. NVII - Volatility Comparison

The current volatility for Opal Dividend Income ETF (DIVZ) is 3.33%, while REX NVDA Growth & Income ETF (NVII) has a volatility of 12.22%. This indicates that DIVZ 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

	DIVZ	NVII	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.33%	12.22%	-8.89%
Volatility (6M) Calculated over the trailing 6-month period	7.02%	25.24%	-18.22%
Volatility (1Y) Calculated over the trailing 1-year period	9.28%	34.40%	-25.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.65%	34.54%	-21.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.57%	34.54%	-21.97%

DIVZ vs. NVII - Expense Ratio Comparison

DIVZ has a 0.65% expense ratio, which is lower than NVII's 0.99% expense ratio.

Dividends

DIVZ vs. NVII - Dividend Comparison

DIVZ's dividend yield for the trailing twelve months is around 2.60%, less than NVII's 51.55% yield.

Position	TTM	2025	2024	2023	2022	2021
DIVZ Opal Dividend Income ETF	2.60%	2.60%	2.63%	3.66%	3.23%	3.83%
NVII REX NVDA Growth & Income ETF	51.55%	29.17%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DIVZ and NVII in my portfolio?

DIVZ and NVII have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIVZ or NVII?

NVII has higher volatility (12.22%) compared to DIVZ (3.33%). In terms of maximum drawdown, DIVZ dropped -15.42% vs NVII's -18.47%.

Which ETF is better, DIVZ or NVII?

On 1-year performance, NVII leads with 62.33% vs 10.40% for DIVZ. On fees, DIVZ is cheaper at 0.65% per year. On volatility, DIVZ has been the lower-risk option at 3.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVZ or NVII?

Over the 1-year period, NVII has performed better with a 62.33% return vs 10.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVZ or NVII?

DIVZ is cheaper with a 0.65% expense ratio, compared with 0.99% for NVII.

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

NVII has the higher dividend yield at 51.55%, compared with 2.60% for DIVZ.

What is the main difference between DIVZ and NVII?

DIVZ is categorized as Large Cap Value Equities, while NVII is Derivative Income. They also come from different issuers: TrueShares and REX. Their fees differ too: 0.65% for DIVZ and 0.99% for NVII.

Which has better risk-adjusted returns?

NVII currently has the higher Sharpe Ratio (1.83 vs 1.13), 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.