NVDQ vs. NVII

Last updated Jun 5, 2026

NVDQ (T-Rex 2X Inverse NVIDIA Daily Target ETF) and NVII (REX NVDA Growth & Income ETF) are both exchange-traded funds - NVDQ is a Inverse Equities fund actively managed by T-Rex, while NVII is a Derivative Income fund actively managed by REX. Both are actively managed. Over the past year, NVDQ returned -69.65% vs 65.30% for NVII. At a correlation of -0.98, they often move in opposite directions. NVDQ charges 1.05%/yr vs 0.99%/yr for NVII.

Performance

NVDQ vs. NVII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) 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, NVDQ achieves a -38.57% return, which is significantly lower than NVII's 18.10% return.

NVDQ

• 1D: -3.82%
• 1M: -23.21%
• YTD: -38.57%
• 6M: -41.67%
• 1Y: -69.65%
• 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)

NVDQ vs. NVII - Yearly Performance Comparison

	2026 (YTD)	2025
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF	-38.57%	-56.02%
NVII REX NVDA Growth & Income ETF	18.10%	48.28%

Correlation

The correlation between NVDQ and NVII is -0.98, 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	-0.98
Correlation (All Time) Calculated using the full available price history since May 29, 2025	-0.98

The correlation between NVDQ and NVII has been stable across timeframes, ranging from -0.98 to -0.98 - a consistent structural relationship.

Return for Risk

NVDQ vs. NVII — Risk / Return Rank

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

NVDQ

NVDQ Risk / Return Rank: 1
NVDQ Sharpe Ratio Rank: 1
NVDQ Sortino Ratio Rank: 1
NVDQ Omega Ratio Rank: 1
NVDQ Calmar Ratio Rank: 1
NVDQ 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.

NVDQ vs. NVII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) 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.

	NVDQ	NVII	Difference
Sharpe ratio: Return per unit of total volatility	-1.03	1.91	-2.94
Sortino ratio: Return per unit of downside risk	-1.87	2.43	-4.29
Omega ratio: Gain probability vs. loss probability	0.79	1.31	-0.51
Calmar ratio: Return relative to maximum drawdown	-0.95	3.55	-4.50
Martin ratio: Return relative to average drawdown	-1.43	9.04	-10.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVDQ vs. NVII - Sharpe Ratio Comparison

The current NVDQ Sharpe Ratio is -1.03, which is lower than the NVII Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of NVDQ 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

	NVDQ	NVII	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.03	1.91	-2.94
Sharpe Ratio (All Time) Calculated using the full available price history	-0.89	2.14	-3.03

Drawdowns

NVDQ vs. NVII - Drawdown Comparison

The maximum NVDQ drawdown since its inception was -99.45%, which is greater than NVII's maximum drawdown of -18.47%. Use the drawdown chart below to compare losses from any high point for NVDQ and NVII.

Drawdown Indicators

	NVDQ	NVII	Difference
Max Drawdown Largest peak-to-trough decline	-99.45%	-18.47%	-80.98%
Max Drawdown (1Y) Largest decline over 1 year	-73.67%	-18.47%	-55.20%
Current Drawdown Current decline from peak	-99.38%	-6.48%	-92.90%
Average Drawdown Average peak-to-trough decline	-88.22%	-5.50%	-82.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	48.77%	7.25%	+41.52%

Volatility

NVDQ vs. NVII - Volatility Comparison

T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) has a higher volatility of 25.78% compared to REX NVDA Growth & Income ETF (NVII) at 12.30%. This indicates that NVDQ's price experiences larger fluctuations and is considered to be riskier than NVII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDQ	NVII	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.78%	12.30%	+13.48%
Volatility (6M) Calculated over the trailing 6-month period	51.89%	25.32%	+26.57%
Volatility (1Y) Calculated over the trailing 1-year period	67.77%	34.37%	+33.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.47%	34.53%	+60.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.47%	34.53%	+60.94%

NVDQ vs. NVII - Expense Ratio Comparison

NVDQ has a 1.05% expense ratio, which is higher than NVII's 0.99% expense ratio.

Dividends

NVDQ vs. NVII - Dividend Comparison

NVDQ's dividend yield for the trailing twelve months is around 0.42%, less than NVII's 50.41% yield.

Position	TTM	2025	2024	2023
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF	0.42%	0.26%	4.59%	11.60%
NVII REX NVDA Growth & Income ETF	50.41%	29.17%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NVDQ and NVII in my portfolio?

NVDQ and NVII have a correlation of -0.98, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVDQ or NVII?

NVDQ has higher volatility (25.78%) compared to NVII (12.30%). In terms of maximum drawdown, NVDQ dropped -99.45% vs NVII's -18.47%.

Which ETF is better, NVDQ or NVII?

On 1-year performance, NVII leads with 65.30% vs -69.65% for NVDQ. On fees, NVII is cheaper at 0.99% per year. On volatility, NVII has been the lower-risk option at 12.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDQ or NVII?

Over the 1-year period, NVII has performed better with a 65.30% return vs -69.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDQ or NVII?

NVII is cheaper with a 0.99% expense ratio, compared with 1.05% for NVDQ.

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

NVII has the higher dividend yield at 50.41%, compared with 0.42% for NVDQ.

What is the main difference between NVDQ and NVII?

NVDQ is categorized as Inverse Equities, while NVII is Derivative Income. They also come from different issuers: T-Rex and REX. Their fees differ too: 1.05% for NVDQ and 0.99% for NVII.

Which has better risk-adjusted returns?

NVII currently has the higher Sharpe Ratio (1.91 vs -1.03), 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.