NVII vs. HDV
NVII (REX NVIDIA Growth & Income ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - NVII is a Derivative Income fund actively managed by REX, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. NVII is actively managed, while HDV is passively managed. Over the past year, NVII returned 44.66% vs 21.06% for HDV. At a correlation of -0.23, they often move in opposite directions. NVII charges 0.99%/yr vs 0.08%/yr for HDV.
Performance
NVII vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, NVII achieves a 6.79% return, which is significantly lower than HDV's 14.07% return.
NVII
- 1D
- -5.17%
- 1M
- -7.25%
- YTD
- 6.79%
- 6M
- 5.86%
- 1Y
- 44.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDV
- 1D
- 1.33%
- 1M
- -1.35%
- YTD
- 14.07%
- 6M
- 14.08%
- 1Y
- 21.06%
- 3Y*
- 15.48%
- 5Y*
- 11.09%
- 10Y*
- 9.45%
NVII vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVII REX NVIDIA Growth & Income ETF | 6.79% | 47.63% |
HDV iShares Core High Dividend ETF | 14.07% | 7.52% |
Correlation
The correlation between NVII and HDV is -0.26, 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 | -0.26 |
Correlation (All Time) Calculated using the full available price history since May 28, 2025 | -0.23 |
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Return for Risk
NVII vs. HDV — Risk / Return Rank
NVII
HDV
NVII vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for REX NVIDIA Growth & Income ETF (NVII) and iShares Core High Dividend ETF (HDV). 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 | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.36 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 4.09 | -1.66 |
| Martin ratioReturn relative to average drawdown | 5.78 | 11.19 | -5.41 |
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Drawdowns
NVII vs. HDV - Drawdown Comparison
The maximum NVII drawdown since its inception was -18.47%, smaller than the maximum HDV drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for NVII and HDV.
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Drawdown Indicators
| NVII | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.47% | -37.04% | +18.57% |
Max Drawdown (1Y)Largest decline over 1 year | -18.47% | -5.18% | -13.29% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.04% | — |
Current DrawdownCurrent decline from peak | -15.44% | -1.35% | -14.09% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -3.08% | -2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.75% | 1.89% | +5.86% |
Volatility
NVII vs. HDV - Volatility Comparison
REX NVIDIA Growth & Income ETF (NVII) has a higher volatility of 14.72% compared to iShares Core High Dividend ETF (HDV) at 3.64%. This indicates that NVII's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVII | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.72% | 3.64% | +11.08% |
Volatility (6M)Calculated over the trailing 6-month period | 27.34% | 7.61% | +19.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.23% | 9.93% | +26.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.73% | 12.81% | +22.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.73% | 15.73% | +20.00% |
NVII vs. HDV - Expense Ratio Comparison
NVII has a 0.99% expense ratio, which is higher than HDV's 0.08% expense ratio.
Dividends
NVII vs. HDV - Dividend Comparison
NVII's dividend yield for the trailing twelve months is around 57.45%, more than HDV's 2.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 2.90% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
NVII REX NVIDIA Growth & Income ETF | 57.45% | 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
NVII and HDV have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVII has higher volatility (14.72%) compared to HDV (3.64%). In terms of maximum drawdown, NVII dropped -18.47% vs HDV's -37.04%.
On 1-year performance, NVII leads with 44.66% vs 21.06% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NVII has performed better with a 44.66% return vs 21.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HDV is cheaper with a 0.08% expense ratio, compared with 0.99% for NVII.
NVII has the higher dividend yield at 57.45%, compared with 2.90% for HDV.
NVII is categorized as Derivative Income, while HDV is Dividend. They also come from different issuers: REX and iShares. Their fees differ too: 0.99% for NVII and 0.08% for HDV.
HDV currently has the higher Sharpe Ratio (2.13 vs 1.24), 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.
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