NVHE.TO vs. NVII
NVHE.TO (Harvest NVIDIA Enhanced High Income Shares ETF) and NVII (REX NVDA Growth & Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, NVHE.TO returned 63.05% vs 64.42% for NVII. Their correlation of 0.92 suggests significant overlap in exposure. NVHE.TO charges 0.40%/yr vs 0.99%/yr for NVII.
Performance
NVHE.TO vs. NVII - Performance Comparison
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Different Trading Currencies
NVHE.TO is traded in CAD, while NVII is traded in USD. To make them comparable, the NVII values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NVHE.TO achieves a 19.13% return, which is significantly higher than NVII's 16.97% return.
NVHE.TO
- 1D
- -3.24%
- 1M
- 10.90%
- YTD
- 19.13%
- 6M
- 22.99%
- 1Y
- 63.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVII
- 1D
- -2.96%
- 1M
- 8.37%
- YTD
- 16.97%
- 6M
- 18.15%
- 1Y
- 64.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVHE.TO vs. NVII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVHE.TO Harvest NVIDIA Enhanced High Income Shares ETF | 19.13% | 42.56% |
NVII REX NVDA Growth & Income ETF | 16.97% | 47.06% |
Correlation
The correlation between NVHE.TO and NVII is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since May 29, 2025 | 0.92 |
The correlation between NVHE.TO and NVII has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.
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Return for Risk
NVHE.TO vs. NVII — Risk / Return Rank
NVHE.TO
NVII
NVHE.TO vs. NVII - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest NVIDIA Enhanced High Income Shares ETF (NVHE.TO) 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.
| NVHE.TO | NVII | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 3.37 | +0.08 |
| Martin ratioReturn relative to average drawdown | 8.22 | 7.85 | +0.37 |
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
| NVHE.TO | NVII | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 1.88 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 2.05 | -1.32 |
Drawdowns
NVHE.TO vs. NVII - Drawdown Comparison
The maximum NVHE.TO drawdown since its inception was -40.87%, which is greater than NVII's maximum drawdown of -19.24%. Use the drawdown chart below to compare losses from any high point for NVHE.TO and NVII.
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Drawdown Indicators
| NVHE.TO | NVII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.87% | -19.24% | -21.63% |
Max Drawdown (1Y)Largest decline over 1 year | -18.41% | -19.24% | +0.83% |
Current DrawdownCurrent decline from peak | -6.82% | -7.36% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -9.56% | -6.25% | -3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.69% | 8.23% | -0.54% |
Volatility
NVHE.TO vs. NVII - Volatility Comparison
Harvest NVIDIA Enhanced High Income Shares ETF (NVHE.TO) and REX NVDA Growth & Income ETF (NVII) have volatilities of 11.69% and 12.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVHE.TO | NVII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.69% | 12.15% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 26.62% | 25.21% | +1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.87% | 34.54% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.11% | 34.70% | +14.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.11% | 34.70% | +14.41% |
NVHE.TO vs. NVII - Expense Ratio Comparison
NVHE.TO has a 0.40% expense ratio, which is lower than NVII's 0.99% expense ratio.
Dividends
NVHE.TO vs. NVII - Dividend Comparison
NVHE.TO's dividend yield for the trailing twelve months is around 21.19%, less than NVII's 51.55% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NVHE.TO Harvest NVIDIA Enhanced High Income Shares ETF | 21.19% | 21.62% | 7.29% |
NVII REX NVDA Growth & Income ETF | 51.55% | 29.17% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, NVHE.TO and NVII move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, NVHE.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NVHE.TO is cheaper with a 0.40% expense ratio, compared with 0.99% for NVII.
They also come from different issuers: Harvest and REX. Their fees differ too: 0.40% for NVHE.TO and 0.99% for NVII.
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