NVDX vs. CEPI

Last updated Aug 2, 2026

NVDX (T-REX 2X Long NVIDIA Daily Target ETF) and CEPI (REX Crypto Equity Premium Income ETF) are both exchange-traded funds - NVDX is a Leveraged Equities fund actively managed by REX, while CEPI is a Derivative Income fund actively managed by REX. Both are actively managed. Over the past year, NVDX returned -0.09% vs 20.69% for CEPI. Their 0.59 correlation means they have sometimes moved together and sometimes differently. NVDX charges 1.05%/yr vs 0.85%/yr for CEPI.

Performance

NVDX vs. CEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long NVIDIA Daily Target ETF (NVDX) and REX Crypto Equity Premium Income ETF (CEPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDX achieves a -2.69% return, which is significantly lower than CEPI's 15.15% return.

NVDX

• 1D: 5.58%
• 1M: 3.93%
• 6M: -5.82%
• YTD: -2.69%
• 1Y: -0.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 107.47%

CEPI

• 1D: -1.27%
• 1M: -1.15%
• 6M: 12.02%
• YTD: 15.15%
• 1Y: 20.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.85%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CEPI REX Crypto Equity Premium Income ETF	$1.21M	$1.33M	$1.59M
NVDX T-REX 2X Long NVIDIA Daily Target ETF	$104.20M	$115.30M	$173.21M

NVDX vs. CEPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NVDX T-REX 2X Long NVIDIA Daily Target ETF	-2.69%	26.24%	-10.53%
CEPI REX Crypto Equity Premium Income ETF	15.15%	10.75%	-7.02%

Correlation

The correlation between NVDX and CEPI is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.54
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.59

The correlation between NVDX and CEPI has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.

Return for Risk

NVDX vs. CEPI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NVDX

NVDX Risk / Return Rank: 12
NVDX Sharpe Ratio Rank: 10
NVDX Sortino Ratio Rank: 15
NVDX Omega Ratio Rank: 15
NVDX Calmar Ratio Rank: 9
NVDX Martin Ratio Rank: 9

CEPI

CEPI Risk / Return Rank: 24
CEPI Sharpe Ratio Rank: 24
CEPI Sortino Ratio Rank: 25
CEPI Omega Ratio Rank: 25
CEPI Calmar Ratio Rank: 24
CEPI Martin Ratio Rank: 23

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NVDX vs. CEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long NVIDIA Daily Target ETF (NVDX) and REX Crypto Equity Premium Income ETF (CEPI). 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.

	NVDX	CEPI	Difference
Sharpe ratio: Return per unit of total volatility	-0.07	0.54	-0.61
Sortino ratio: Return per unit of downside risk	0.42	0.93	-0.51
Omega ratio: Gain probability vs. loss probability	1.05	1.12	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.11	0.71	-0.82
Martin ratio: Return relative to average drawdown	-0.22	1.66	-1.87

NVDX vs. CEPI - Sharpe Ratio Comparison

The current NVDX Sharpe Ratio is -0.07, which is lower than the CEPI Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of NVDX and CEPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NVDX vs. CEPI - Drawdown Comparison

The maximum NVDX drawdown since its inception was -68.19%, which is greater than CEPI's maximum drawdown of -29.48%. Use the drawdown chart below to compare losses from any high point for NVDX and CEPI.

Drawdown Indicators

	NVDX	CEPI	Difference
Max Drawdown Largest peak-to-trough decline	-68.19%	-29.48%	-38.71%
Max Drawdown (1Y) Largest decline over 1 year	-43.76%	-22.47%	-21.29%
Current Drawdown Current decline from peak	-32.22%	-7.59%	-24.63%
Average Drawdown Average peak-to-trough decline	-20.74%	-8.24%	-12.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.46%	9.65%	+12.81%

Volatility

NVDX vs. CEPI - Volatility Comparison

T-REX 2X Long NVIDIA Daily Target ETF (NVDX) has a higher volatility of 24.18% compared to REX Crypto Equity Premium Income ETF (CEPI) at 11.58%. This indicates that NVDX's price experiences larger fluctuations and is considered to be riskier than CEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDX	CEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.18%	11.58%	+12.60%
Volatility (6M) Calculated over the trailing 6-month period	56.63%	23.76%	+32.87%
Volatility (1Y) Calculated over the trailing 1-year period	72.80%	29.53%	+43.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.85%	31.91%	+62.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	94.85%	31.91%	+62.94%

NVDX vs. CEPI - Expense Ratio Comparison

NVDX has a 1.05% expense ratio, which is higher than CEPI's 0.85% expense ratio.

Dividends

NVDX vs. CEPI - Dividend Comparison

NVDX's dividend yield for the trailing twelve months is around 3.44%, less than CEPI's 45.59% yield.

Position	TTM	2025	2024
CEPI REX Crypto Equity Premium Income ETF	45.59%	50.78%	0.00%
NVDX T-REX 2X Long NVIDIA Daily Target ETF	3.44%	3.35%	15.48%

Frequently Asked Questions

Can I hold both NVDX and CEPI in my portfolio?

NVDX and CEPI have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVDX or CEPI?

NVDX has higher volatility (24.18%) compared to CEPI (11.58%). In terms of maximum drawdown, NVDX dropped -68.19% vs CEPI's -29.48%.

Which ETF is better, NVDX or CEPI?

On 1-year performance, CEPI leads with 20.69% vs -0.09% for NVDX. On fees, CEPI is cheaper at 0.85% per year. On volatility, CEPI has been the lower-risk option at 11.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDX or CEPI?

Over the 1-year period, CEPI has performed better with a 20.69% return vs -0.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDX or CEPI?

CEPI is cheaper with a 0.85% expense ratio, compared with 1.05% for NVDX.

Which ETF pays a higher dividend yield, NVDX or CEPI?

CEPI has the higher dividend yield at 45.59%, compared with 3.44% for NVDX.

What is the main difference between NVDX and CEPI?

NVDX is categorized as Leveraged Equities, while CEPI is Derivative Income. Their fees differ too: 1.05% for NVDX and 0.85% for CEPI.

Which has better risk-adjusted returns?

CEPI currently has the higher Sharpe Ratio (0.54 vs -0.07), 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.