NVII vs. NVDW

Last updated Jun 23, 2026

NVII (REX NVIDIA Growth & Income ETF) and NVDW (Roundhill NVDA WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Over the past year, NVII returned 53.28% vs 47.66% for NVDW. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.99% expense ratio.

Performance

NVII vs. NVDW - Performance Comparison

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

Returns By Period

In the year-to-date period, NVII achieves a 12.61% return, which is significantly higher than NVDW's 11.41% return.

NVII

• 1D: -0.04%
• 1M: -2.19%
• YTD: 12.61%
• 6M: 13.34%
• 1Y: 53.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDW

• 1D: -1.37%
• 1M: -4.21%
• YTD: 11.41%
• 6M: 13.37%
• 1Y: 47.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVII vs. NVDW - Yearly Performance Comparison

	2026 (YTD)	2025
NVII REX NVIDIA Growth & Income ETF	12.61%	47.02%
NVDW Roundhill NVDA WeeklyPay ETF	11.41%	33.44%

Correlation

The correlation between NVII and NVDW is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025	0.97

The correlation between NVII and NVDW has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

Return for Risk

NVII vs. NVDW — Risk / Return Rank

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

NVII

NVII Risk / Return Rank: 45
NVII Sharpe Ratio Rank: 44
NVII Sortino Ratio Rank: 40
NVII Omega Ratio Rank: 39
NVII Calmar Ratio Rank: 60
NVII Martin Ratio Rank: 44

NVDW

NVDW Risk / Return Rank: 33
NVDW Sharpe Ratio Rank: 33
NVDW Sortino Ratio Rank: 33
NVDW Omega Ratio Rank: 31
NVDW Calmar Ratio Rank: 39
NVDW Martin Ratio Rank: 31

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. NVDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX NVIDIA Growth & Income ETF (NVII) and Roundhill NVDA WeeklyPay ETF (NVDW). 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	NVDW	Difference
Sharpe ratio: Return per unit of total volatility	1.49	1.13	+0.36
Sortino ratio: Return per unit of downside risk	1.99	1.71	+0.28
Omega ratio: Gain probability vs. loss probability	1.25	1.20	+0.05
Calmar ratio: Return relative to maximum drawdown	2.90	1.88	+1.02
Martin ratio: Return relative to average drawdown	6.95	4.36	+2.59

NVII vs. NVDW - Sharpe Ratio Comparison

The current NVII Sharpe Ratio is 1.49, which is higher than the NVDW Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of NVII and NVDW, 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. NVDW - Drawdown Comparison

The maximum NVII drawdown since its inception was -18.47%, smaller than the maximum NVDW drawdown of -25.54%. Use the drawdown chart below to compare losses from any high point for NVII and NVDW.

Drawdown Indicators

	NVII	NVDW	Difference
Max Drawdown Largest peak-to-trough decline	-18.47%	-25.54%	+7.07%
Max Drawdown (1Y) Largest decline over 1 year	-18.47%	-25.54%	+7.07%
Current Drawdown Current decline from peak	-10.83%	-14.16%	+3.33%
Average Drawdown Average peak-to-trough decline	-5.75%	-8.47%	+2.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.68%	10.95%	-3.27%

Volatility

NVII vs. NVDW - Volatility Comparison

REX NVIDIA Growth & Income ETF (NVII) and Roundhill NVDA WeeklyPay ETF (NVDW) have volatilities of 13.92% and 14.64%, 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.

Volatility by Period

	NVII	NVDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.92%	14.64%	-0.72%
Volatility (6M) Calculated over the trailing 6-month period	26.84%	31.79%	-4.95%
Volatility (1Y) Calculated over the trailing 1-year period	35.90%	42.32%	-6.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.41%	41.84%	-6.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.41%	41.84%	-6.43%

NVII vs. NVDW - Expense Ratio Comparison

Both NVII and NVDW have an expense ratio of 0.99%.

Dividends

NVII vs. NVDW - Dividend Comparison

NVII's dividend yield for the trailing twelve months is around 54.48%, less than NVDW's 61.86% yield.

Position	TTM	2025
NVDW Roundhill NVDA WeeklyPay ETF	60.90%	38.94%
NVII REX NVIDIA Growth & Income ETF	54.48%	29.17%

Frequently Asked Questions

Can I hold both NVII and NVDW in my portfolio?

With a correlation of 0.99, NVII and NVDW 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.

Which is riskier, NVII or NVDW?

NVDW has higher volatility (14.64%) compared to NVII (13.92%). In terms of maximum drawdown, NVII dropped -18.47% vs NVDW's -25.54%.

Which ETF is better, NVII or NVDW?

On 1-year performance, NVII leads with 53.28% vs 47.66% for NVDW. Both ETFs have the same 0.99% expense ratio. On volatility, NVII has been the lower-risk option at 13.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVII or NVDW?

Over the 1-year period, NVII has performed better with a 53.28% return vs 47.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVII or NVDW?

NVII and NVDW have the same expense ratio: 0.99% per year.

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

NVDW has the higher dividend yield at 61.86%, compared with 54.48% for NVII.

What is the main difference between NVII and NVDW?

They also come from different issuers: REX and Roundhill.

Which has better risk-adjusted returns?

NVII currently has the higher Sharpe Ratio (1.49 vs 1.13), 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.