NVII vs. NVDY

Last updated Jun 23, 2026

NVII (REX NVIDIA Growth & Income ETF) and NVDY (YieldMax NVDA Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, NVII returned 53.28% vs 38.81% for NVDY. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.99% expense ratio.

Performance

NVII vs. NVDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX NVIDIA Growth & Income ETF (NVII) and YieldMax NVDA Option Income Strategy ETF (NVDY). 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 NVDY's 10.62% return.

NVII

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

NVDY

• 1D: -0.76%
• 1M: -2.04%
• YTD: 10.62%
• 6M: 12.42%
• 1Y: 38.81%
• 3Y*: 52.25%
• 5Y*: —
• 10Y*: —

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

NVII vs. NVDY - Yearly Performance Comparison

	2026 (YTD)	2025
NVII REX NVIDIA Growth & Income ETF	12.61%	47.63%
NVDY YieldMax NVDA Option Income Strategy ETF	10.62%	35.12%

Correlation

The correlation between NVII and NVDY is 0.98 - 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	0.98
Correlation (All Time) Calculated using the full available price history since May 28, 2025	0.98

The correlation between NVII and NVDY has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

Return for Risk

NVII vs. NVDY — 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

NVDY

NVDY Risk / Return Rank: 44
NVDY Sharpe Ratio Rank: 40
NVDY Sortino Ratio Rank: 38
NVDY Omega Ratio Rank: 37
NVDY Calmar Ratio Rank: 63
NVDY Martin Ratio Rank: 44

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. NVDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX NVIDIA Growth & Income ETF (NVII) and YieldMax NVDA Option Income Strategy ETF (NVDY). 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	NVDY	Difference
Sharpe ratio: Return per unit of total volatility	1.49	1.39	+0.11
Sortino ratio: Return per unit of downside risk	1.99	1.91	+0.08
Omega ratio: Gain probability vs. loss probability	1.25	1.24	+0.01
Calmar ratio: Return relative to maximum drawdown	2.90	3.04	-0.14
Martin ratio: Return relative to average drawdown	6.95	6.98	-0.03

NVII vs. NVDY - Sharpe Ratio Comparison

The current NVII Sharpe Ratio is 1.49, which is comparable to the NVDY Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of NVII and NVDY, 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. NVDY - Drawdown Comparison

The maximum NVII drawdown since its inception was -18.47%, smaller than the maximum NVDY drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for NVII and NVDY.

Drawdown Indicators

	NVII	NVDY	Difference
Max Drawdown Largest peak-to-trough decline	-18.47%	-34.08%	+15.61%
Max Drawdown (1Y) Largest decline over 1 year	-18.47%	-12.81%	-5.66%
Max Drawdown (3Y) Largest decline over 3 years	—	-34.08%	—
Current Drawdown Current decline from peak	-10.83%	-8.67%	-2.16%
Average Drawdown Average peak-to-trough decline	-5.75%	-6.19%	+0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.68%	5.57%	+2.11%

Volatility

NVII vs. NVDY - Volatility Comparison

REX NVIDIA Growth & Income ETF (NVII) has a higher volatility of 13.92% compared to YieldMax NVDA Option Income Strategy ETF (NVDY) at 9.68%. This indicates that NVII's price experiences larger fluctuations and is considered to be riskier than NVDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVII	NVDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.92%	9.68%	+4.24%
Volatility (6M) Calculated over the trailing 6-month period	26.84%	21.40%	+5.44%
Volatility (1Y) Calculated over the trailing 1-year period	35.90%	28.17%	+7.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.41%	38.16%	-2.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.41%	38.16%	-2.75%

NVII vs. NVDY - Expense Ratio Comparison

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

Dividends

NVII vs. NVDY - Dividend Comparison

NVII's dividend yield for the trailing twelve months is around 54.48%, less than NVDY's 62.22% yield.

Position	TTM	2025	2024	2023
NVDY YieldMax NVDA Option Income Strategy ETF	62.22%	83.10%	83.65%	22.32%
NVII REX NVIDIA Growth & Income ETF	54.48%	29.17%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NVII and NVDY in my portfolio?

With a correlation of 0.98, NVII and NVDY 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 NVDY?

NVII has higher volatility (13.92%) compared to NVDY (9.68%). In terms of maximum drawdown, NVII dropped -18.47% vs NVDY's -34.08%.

Which ETF is better, NVII or NVDY?

On 1-year performance, NVII leads with 53.28% vs 38.81% for NVDY. Both ETFs have the same 0.99% expense ratio. On volatility, NVDY has been the lower-risk option at 9.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVII or NVDY?

Over the 1-year period, NVII has performed better with a 53.28% return vs 38.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVII or NVDY?

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

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

NVDY has the higher dividend yield at 62.22%, compared with 54.48% for NVII.

What is the main difference between NVII and NVDY?

They also come from different issuers: REX and YieldMax.

Which has better risk-adjusted returns?

NVII currently has the higher Sharpe Ratio (1.49 vs 1.39), 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.