NVII vs. USOY

Last updated Jun 4, 2026

NVII (REX NVDA Growth & Income ETF) and USOY (Defiance Oil Enhanced Options Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, NVII returned 62.33% vs 57.29% for USOY. At a correlation of -0.09, they often move in opposite directions. NVII charges 0.99%/yr vs 1.22%/yr for USOY.

Performance

NVII vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX NVDA Growth & Income ETF (NVII) and Defiance Oil Enhanced Options Income ETF (USOY). 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 USOY's 62.18% return.

NVII

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

USOY

• 1D: 1.45%
• 1M: -3.43%
• YTD: 62.18%
• 6M: 59.35%
• 1Y: 57.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVII vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025
NVII REX NVDA Growth & Income ETF	15.50%	48.28%
USOY Defiance Oil Enhanced Options Income ETF	62.18%	-1.53%

Correlation

The correlation between NVII and USOY is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (All Time) Calculated using the full available price history since May 29, 2025	-0.09

Return for Risk

NVII vs. USOY — 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

USOY

USOY Risk / Return Rank: 56
USOY Sharpe Ratio Rank: 55
USOY Sortino Ratio Rank: 46
USOY Omega Ratio Rank: 55
USOY Calmar Ratio Rank: 78
USOY Martin Ratio Rank: 46

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. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX NVDA Growth & Income ETF (NVII) and Defiance Oil Enhanced Options Income ETF (USOY). 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	USOY	Difference
Sharpe ratio: Return per unit of total volatility	1.83	1.89	-0.07
Sortino ratio: Return per unit of downside risk	2.35	2.30	+0.05
Omega ratio: Gain probability vs. loss probability	1.30	1.35	-0.05
Calmar ratio: Return relative to maximum drawdown	3.39	4.03	-0.64
Martin ratio: Return relative to average drawdown	8.64	7.74	+0.90
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. USOY - Sharpe Ratio Comparison

The current NVII Sharpe Ratio is 1.83, which is comparable to the USOY Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of NVII and USOY, 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	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	1.89	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	2.04	0.99	+1.05

Drawdowns

NVII vs. USOY - Drawdown Comparison

The maximum NVII drawdown since its inception was -18.47%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for NVII and USOY.

Drawdown Indicators

	NVII	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-18.47%	-17.46%	-1.01%
Max Drawdown (1Y) Largest decline over 1 year	-18.47%	-14.29%	-4.18%
Current Drawdown Current decline from peak	-8.54%	-5.11%	-3.43%
Average Drawdown Average peak-to-trough decline	-5.50%	-6.47%	+0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.24%	7.42%	-0.18%

Volatility

NVII vs. USOY - Volatility Comparison

REX NVDA Growth & Income ETF (NVII) has a higher volatility of 12.22% compared to Defiance Oil Enhanced Options Income ETF (USOY) at 11.62%. This indicates that NVII's price experiences larger fluctuations and is considered to be riskier than USOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVII	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.22%	11.62%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	25.24%	27.18%	-1.94%
Volatility (1Y) Calculated over the trailing 1-year period	34.40%	30.44%	+3.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.54%	26.13%	+8.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.54%	26.13%	+8.41%

NVII vs. USOY - Expense Ratio Comparison

NVII has a 0.99% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

NVII vs. USOY - Dividend Comparison

NVII's dividend yield for the trailing twelve months is around 51.55%, less than USOY's 54.16% yield.

Position	TTM	2025	2024
NVII REX NVDA Growth & Income ETF	51.55%	29.17%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	54.16%	104.32%	48.60%

Frequently Asked Questions

Can I hold both NVII and USOY in my portfolio?

NVII and USOY have a correlation of -0.09, 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 USOY?

NVII has higher volatility (12.22%) compared to USOY (11.62%). In terms of maximum drawdown, NVII dropped -18.47% vs USOY's -17.46%.

Which ETF is better, NVII or USOY?

On 1-year performance, NVII leads with 62.33% vs 57.29% for USOY. On fees, NVII is cheaper at 0.99% per year. On volatility, USOY has been the lower-risk option at 11.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVII or USOY?

Over the 1-year period, NVII has performed better with a 62.33% return vs 57.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVII or USOY?

NVII is cheaper with a 0.99% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 54.16%, compared with 51.55% for NVII.

What is the main difference between NVII and USOY?

They also come from different issuers: REX and Defiance. Their fees differ too: 0.99% for NVII and 1.22% for USOY.

Which has better risk-adjusted returns?

USOY currently has the higher Sharpe Ratio (1.89 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.