NVII vs. FTQI

Last updated Jul 17, 2026

NVII (REX NVIDIA Growth & Income ETF) and FTQI (First Trust Nasdaq BuyWrite Income ETF) are both exchange-traded funds - NVII is a Derivative Income fund actively managed by REX, while FTQI is a Nasdaq-100 fund tracking the NASDAQ-100 Index. NVII is actively managed, while FTQI is passively managed. Over the past year, NVII returned 29.35% vs 26.34% for FTQI. A 0.61 correlation means they provide meaningful diversification when combined. NVII charges 0.99%/yr vs 0.75%/yr for FTQI.

Performance

NVII vs. FTQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX NVIDIA Growth & Income ETF (NVII) and First Trust Nasdaq BuyWrite Income ETF (FTQI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with NVII having a 13.29% return and FTQI slightly lower at 12.76%.

NVII

• 1D: -1.83%
• 1M: 1.41%
• 6M: 11.95%
• YTD: 13.29%
• 1Y: 29.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTQI

• 1D: -0.72%
• 1M: 1.28%
• 6M: 11.68%
• YTD: 12.76%
• 1Y: 26.34%
• 3Y*: 16.62%
• 5Y*: 12.26%
• 10Y*: 7.85%

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

NVII vs. FTQI - Yearly Performance Comparison

	2026 (YTD)	2025
NVII REX NVIDIA Growth & Income ETF	13.29%	47.63%
FTQI First Trust Nasdaq BuyWrite Income ETF	12.76%	16.74%

Correlation

The correlation between NVII and FTQI is 0.62, 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	0.62
Correlation (All Time) Calculated using the full available price history since May 28, 2025	0.61

The correlation between NVII and FTQI has been stable across timeframes, ranging from 0.61 to 0.62 - a consistent structural relationship.

Return for Risk

NVII vs. FTQI — Risk / Return Rank

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

NVII

NVII Risk / Return Rank: 30
NVII Sharpe Ratio Rank: 27
NVII Sortino Ratio Rank: 27
NVII Omega Ratio Rank: 27
NVII Calmar Ratio Rank: 37
NVII Martin Ratio Rank: 30

FTQI

FTQI Risk / Return Rank: 91
FTQI Sharpe Ratio Rank: 90
FTQI Sortino Ratio Rank: 89
FTQI Omega Ratio Rank: 90
FTQI Calmar Ratio Rank: 89
FTQI Martin Ratio Rank: 94

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.

NVII vs. FTQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX NVIDIA Growth & Income ETF (NVII) and First Trust Nasdaq BuyWrite Income ETF (FTQI). 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.

	NVII	FTQI	Difference
Sharpe ratio: Return per unit of total volatility	0.81	2.43	-1.62
Sortino ratio: Return per unit of downside risk	1.28	3.37	-2.09
Omega ratio: Gain probability vs. loss probability	1.16	1.45	-0.30
Calmar ratio: Return relative to maximum drawdown	1.59	4.24	-2.65
Martin ratio: Return relative to average drawdown	3.46	20.07	-16.62

NVII vs. FTQI - Sharpe Ratio Comparison

The current NVII Sharpe Ratio is 0.81, which is lower than the FTQI Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of NVII and FTQI, 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

NVII vs. FTQI - Drawdown Comparison

The maximum NVII drawdown since its inception was -18.56%, roughly equal to the maximum FTQI drawdown of -19.42%. Use the drawdown chart below to compare losses from any high point for NVII and FTQI.

Drawdown Indicators

	NVII	FTQI	Difference
Max Drawdown Largest peak-to-trough decline	-18.56%	-19.42%	+0.86%
Max Drawdown (1Y) Largest decline over 1 year	-18.56%	-6.24%	-12.32%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.42%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-19.42%	—
Current Drawdown Current decline from peak	-10.29%	-0.85%	-9.44%
Average Drawdown Average peak-to-trough decline	-6.23%	-3.73%	-2.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.51%	1.32%	+7.19%

Volatility

NVII vs. FTQI - Volatility Comparison

REX NVIDIA Growth & Income ETF (NVII) has a higher volatility of 10.42% compared to First Trust Nasdaq BuyWrite Income ETF (FTQI) at 2.92%. This indicates that NVII's price experiences larger fluctuations and is considered to be riskier than FTQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVII	FTQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.42%	2.92%	+7.50%
Volatility (6M) Calculated over the trailing 6-month period	27.93%	8.83%	+19.10%
Volatility (1Y) Calculated over the trailing 1-year period	36.25%	10.87%	+25.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.52%	14.82%	+20.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.52%	12.98%	+22.54%

NVII vs. FTQI - Expense Ratio Comparison

NVII has a 0.99% expense ratio, which is higher than FTQI's 0.75% expense ratio.

Dividends

NVII vs. FTQI - Dividend Comparison

NVII's dividend yield for the trailing twelve months is around 55.68%, more than FTQI's 10.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTQI First Trust Nasdaq BuyWrite Income ETF	10.92%	11.46%	11.66%	11.49%	9.85%	3.05%	3.27%	2.95%	3.27%	2.74%	3.02%	3.54%
NVII REX NVIDIA Growth & Income ETF	55.68%	29.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NVII and FTQI in my portfolio?

NVII and FTQI have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVII or FTQI?

NVII has higher volatility (10.42%) compared to FTQI (2.92%). In terms of maximum drawdown, NVII dropped -18.56% vs FTQI's -19.42%.

Which ETF is better, NVII or FTQI?

On 1-year performance, NVII leads with 29.35% vs 26.34% for FTQI. On fees, FTQI is cheaper at 0.75% per year. On volatility, FTQI has been the lower-risk option at 2.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVII or FTQI?

Over the 1-year period, NVII has performed better with a 29.35% return vs 26.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVII or FTQI?

FTQI is cheaper with a 0.75% expense ratio, compared with 0.99% for NVII.

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

NVII has the higher dividend yield at 55.68%, compared with 10.92% for FTQI.

What is the main difference between NVII and FTQI?

NVII is categorized as Derivative Income, while FTQI is Nasdaq-100. They also come from different issuers: REX and First Trust. Their fees differ too: 0.99% for NVII and 0.75% for FTQI.

Which has better risk-adjusted returns?

FTQI currently has the higher Sharpe Ratio (2.43 vs 0.81), 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.