NVII vs. TSMY

Last updated Jun 4, 2026

NVII (REX NVDA Growth & Income ETF) and TSMY (YieldMax TSM Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, NVII returned 62.33% vs 92.13% for TSMY. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.

Performance

NVII vs. TSMY - Performance Comparison

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

Returns By Period

In the year-to-date period, NVII achieves a 15.50% return, which is significantly lower than TSMY's 37.04% return.

NVII

• 1D: -3.35%
• 1M: 6.25%
• YTD: 15.50%
• 6M: 18.61%
• 1Y: 62.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMY

• 1D: -1.37%
• 1M: 7.48%
• YTD: 37.04%
• 6M: 39.21%
• 1Y: 92.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVII vs. TSMY - Yearly Performance Comparison

	2026 (YTD)	2025
NVII REX NVDA Growth & Income ETF	15.50%	48.28%
TSMY YieldMax TSM Option Income Strategy ETF	37.04%	41.82%

Correlation

The correlation between NVII and TSMY is 0.58, 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	0.58
Correlation (All Time) Calculated using the full available price history since May 29, 2025	0.58

The correlation between NVII and TSMY has been stable across timeframes, ranging from 0.58 to 0.58 - a consistent structural relationship.

Return for Risk

NVII vs. TSMY — Risk / Return Rank

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

NVII

NVII Risk / Return Rank: 52
NVII Sharpe Ratio Rank: 52
NVII Sortino Ratio Rank: 47
NVII Omega Ratio Rank: 46
NVII Calmar Ratio Rank: 67
NVII Martin Ratio Rank: 50

TSMY

TSMY Risk / Return Rank: 88
TSMY Sharpe Ratio Rank: 90
TSMY Sortino Ratio Rank: 85
TSMY Omega Ratio Rank: 82
TSMY Calmar Ratio Rank: 91
TSMY Martin Ratio Rank: 91

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. TSMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX NVDA Growth & Income ETF (NVII) and YieldMax TSM Option Income Strategy ETF (TSMY). 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.

	NVII	TSMY	Difference
Sharpe ratio: Return per unit of total volatility	1.83	3.21	-1.38
Sortino ratio: Return per unit of downside risk	2.35	3.86	-1.51
Omega ratio: Gain probability vs. loss probability	1.30	1.50	-0.21
Calmar ratio: Return relative to maximum drawdown	3.39	5.98	-2.58
Martin ratio: Return relative to average drawdown	8.64	22.18	-13.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVII vs. TSMY - Sharpe Ratio Comparison

The current NVII Sharpe Ratio is 1.83, which is lower than the TSMY Sharpe Ratio of 3.21. The chart below compares the historical Sharpe Ratios of NVII and TSMY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NVII	TSMY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	3.21	-1.38
Sharpe Ratio (All Time) Calculated using the full available price history	2.04	1.56	+0.48

Drawdowns

NVII vs. TSMY - Drawdown Comparison

The maximum NVII drawdown since its inception was -18.47%, smaller than the maximum TSMY drawdown of -31.15%. Use the drawdown chart below to compare losses from any high point for NVII and TSMY.

Drawdown Indicators

	NVII	TSMY	Difference
Max Drawdown Largest peak-to-trough decline	-18.47%	-31.15%	+12.68%
Max Drawdown (1Y) Largest decline over 1 year	-18.47%	-15.50%	-2.97%
Current Drawdown Current decline from peak	-8.54%	-1.37%	-7.17%
Average Drawdown Average peak-to-trough decline	-5.50%	-5.51%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.24%	4.17%	+3.07%

Volatility

NVII vs. TSMY - Volatility Comparison

REX NVDA Growth & Income ETF (NVII) has a higher volatility of 12.22% compared to YieldMax TSM Option Income Strategy ETF (TSMY) at 9.52%. This indicates that NVII's price experiences larger fluctuations and is considered to be riskier than TSMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVII	TSMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.22%	9.52%	+2.70%
Volatility (6M) Calculated over the trailing 6-month period	25.24%	22.68%	+2.56%
Volatility (1Y) Calculated over the trailing 1-year period	34.40%	28.87%	+5.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.54%	33.22%	+1.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.54%	33.22%	+1.32%

NVII vs. TSMY - Expense Ratio Comparison

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

Dividends

NVII vs. TSMY - Dividend Comparison

NVII's dividend yield for the trailing twelve months is around 51.55%, less than TSMY's 52.19% yield.

Position	TTM	2025	2024
NVII REX NVDA Growth & Income ETF	51.55%	29.17%	0.00%
TSMY YieldMax TSM Option Income Strategy ETF	52.19%	56.76%	13.71%

Frequently Asked Questions

Can I hold both NVII and TSMY in my portfolio?

NVII and TSMY have a correlation of 0.58, 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 TSMY?

NVII has higher volatility (12.22%) compared to TSMY (9.52%). In terms of maximum drawdown, NVII dropped -18.47% vs TSMY's -31.15%.

Which ETF is better, NVII or TSMY?

On 1-year performance, TSMY leads with 92.13% vs 62.33% for NVII. Both ETFs have the same 0.99% expense ratio. On volatility, TSMY has been the lower-risk option at 9.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVII or TSMY?

Over the 1-year period, TSMY has performed better with a 92.13% return vs 62.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVII or TSMY?

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

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

TSMY has the higher dividend yield at 52.19%, compared with 51.55% for NVII.

What is the main difference between NVII and TSMY?

They also come from different issuers: REX and YieldMax.

Which has better risk-adjusted returns?

TSMY currently has the higher Sharpe Ratio (3.21 vs 1.83), 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.