NVDI.L vs. NVII
NVDI.L (IncomeShares NVIDIA NVDA Options ETP) and NVII (REX NVDA Growth & Income ETF) are both exchange-traded funds - NVDI.L is a Options Trading fund actively managed by Leverage Shares, while NVII is a Derivative Income fund actively managed by REX. Both are actively managed. Over the past year, NVDI.L returned 19.99% vs 65.30% for NVII. A 0.68 correlation means they provide meaningful diversification when combined. NVDI.L charges 0.55%/yr vs 0.99%/yr for NVII.
Performance
NVDI.L vs. NVII - Performance Comparison
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Returns By Period
In the year-to-date period, NVDI.L achieves a -0.43% return, which is significantly lower than NVII's 18.10% return.
NVDI.L
- 1D
- 0.00%
- 1M
- 8.35%
- YTD
- -0.43%
- 6M
- 2.01%
- 1Y
- 19.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVII
- 1D
- 2.26%
- 1M
- 9.62%
- YTD
- 18.10%
- 6M
- 18.53%
- 1Y
- 65.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVDI.L vs. NVII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVDI.L IncomeShares NVIDIA NVDA Options ETP | -0.43% | 28.72% |
NVII REX NVDA Growth & Income ETF | 18.10% | 48.28% |
Correlation
The correlation between NVDI.L and NVII is 0.68, 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 | 0.68 |
Correlation (All Time) Calculated using the full available price history since May 29, 2025 | 0.68 |
The correlation between NVDI.L and NVII has been stable across timeframes, ranging from 0.68 to 0.68 - a consistent structural relationship.
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Return for Risk
NVDI.L vs. NVII — Risk / Return Rank
NVDI.L
NVII
NVDI.L vs. NVII - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares NVIDIA NVDA Options ETP (NVDI.L) 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.
| NVDI.L | NVII | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.31 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 3.55 | -2.63 |
| Martin ratioReturn relative to average drawdown | 2.00 | 9.04 | -7.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NVDI.L | NVII | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 1.91 | -1.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 2.14 | -2.03 |
Drawdowns
NVDI.L vs. NVII - Drawdown Comparison
The maximum NVDI.L drawdown since its inception was -31.39%, which is greater than NVII's maximum drawdown of -18.47%. Use the drawdown chart below to compare losses from any high point for NVDI.L and NVII.
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Drawdown Indicators
| NVDI.L | NVII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.39% | -18.47% | -12.92% |
Max Drawdown (1Y)Largest decline over 1 year | -21.59% | -18.47% | -3.12% |
Current DrawdownCurrent decline from peak | -9.62% | -6.48% | -3.14% |
Average DrawdownAverage peak-to-trough decline | -10.27% | -5.50% | -4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.98% | 7.25% | +2.73% |
Volatility
NVDI.L vs. NVII - Volatility Comparison
The current volatility for IncomeShares NVIDIA NVDA Options ETP (NVDI.L) is 10.09%, while REX NVDA Growth & Income ETF (NVII) has a volatility of 12.30%. This indicates that NVDI.L 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.
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Volatility by Period
| NVDI.L | NVII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.09% | 12.30% | -2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 20.28% | 25.32% | -5.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.34% | 34.37% | -2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.31% | 34.53% | +4.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.31% | 34.53% | +4.78% |
NVDI.L vs. NVII - Expense Ratio Comparison
NVDI.L has a 0.55% expense ratio, which is lower than NVII's 0.99% expense ratio.
Dividends
NVDI.L vs. NVII - Dividend Comparison
NVDI.L's dividend yield for the trailing twelve months is around 20.63%, less than NVII's 50.41% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NVDI.L IncomeShares NVIDIA NVDA Options ETP | 20.63% | 32.04% | 2.59% |
NVII REX NVDA Growth & Income ETF | 50.41% | 29.17% | 0.00% |
Frequently Asked Questions
NVDI.L and NVII have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NVDI.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NVDI.L is cheaper with a 0.55% expense ratio, compared with 0.99% for NVII.
NVDI.L is categorized as Options Trading, while NVII is Derivative Income. They also come from different issuers: Leverage Shares and REX. Their fees differ too: 0.55% for NVDI.L and 0.99% for NVII.
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