OARK vs. NVII

Last updated Jul 17, 2026

OARK (YieldMax Innovation Option Income Strategy ETF) and NVII (REX NVIDIA Growth & Income ETF) are both exchange-traded funds - OARK is a Options Trading fund actively managed by YieldMax, while NVII is a Derivative Income fund actively managed by REX. Both are actively managed. Over the past year, OARK returned 6.83% vs 29.35% for NVII. At a 0.46 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

OARK vs. NVII - Performance Comparison

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

Returns By Period

In the year-to-date period, OARK achieves a 3.84% return, which is significantly lower than NVII's 13.29% return.

OARK

• 1D: -3.41%
• 1M: -2.48%
• 6M: -1.29%
• YTD: 3.84%
• 1Y: 6.83%
• 3Y*: 9.53%
• 5Y*: —
• 10Y*: —

NVII

• 1D: -1.83%
• 1M: 1.41%
• 6M: 11.95%
• YTD: 13.29%
• 1Y: 29.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OARK vs. NVII - Yearly Performance Comparison

	2026 (YTD)	2025
OARK YieldMax Innovation Option Income Strategy ETF	3.84%	26.93%
NVII REX NVIDIA Growth & Income ETF	13.29%	47.63%

Correlation

The correlation between OARK and NVII is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since May 28, 2025	0.46

Return for Risk

OARK vs. NVII — Risk / Return Rank

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

OARK

OARK Risk / Return Rank: 13
OARK Sharpe Ratio Rank: 13
OARK Sortino Ratio Rank: 13
OARK Omega Ratio Rank: 13
OARK Calmar Ratio Rank: 13
OARK Martin Ratio Rank: 13

NVII

NVII Risk / Return Rank: 30
NVII Sharpe Ratio Rank: 27
NVII Sortino Ratio Rank: 27
NVII Omega Ratio Rank: 27
NVII Calmar Ratio Rank: 37
NVII Martin Ratio Rank: 30

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.

OARK vs. NVII - Risk-Adjusted Trends Comparison

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

	OARK	NVII	Difference
Sharpe ratio: Return per unit of total volatility	0.24	0.81	-0.57
Sortino ratio: Return per unit of downside risk	0.52	1.28	-0.76
Omega ratio: Gain probability vs. loss probability	1.06	1.16	-0.09
Calmar ratio: Return relative to maximum drawdown	0.29	1.59	-1.29
Martin ratio: Return relative to average drawdown	0.68	3.46	-2.78

OARK vs. NVII - Sharpe Ratio Comparison

The current OARK Sharpe Ratio is 0.24, which is lower than the NVII Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of OARK and NVII, 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

OARK vs. NVII - Drawdown Comparison

The maximum OARK drawdown since its inception was -35.48%, which is greater than NVII's maximum drawdown of -18.56%. Use the drawdown chart below to compare losses from any high point for OARK and NVII.

Drawdown Indicators

	OARK	NVII	Difference
Max Drawdown Largest peak-to-trough decline	-35.48%	-18.56%	-16.92%
Max Drawdown (1Y) Largest decline over 1 year	-23.26%	-18.56%	-4.70%
Max Drawdown (3Y) Largest decline over 3 years	-35.48%	—	—
Current Drawdown Current decline from peak	-8.74%	-10.29%	+1.55%
Average Drawdown Average peak-to-trough decline	-10.45%	-6.23%	-4.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.08%	8.51%	+1.57%

Volatility

OARK vs. NVII - Volatility Comparison

The current volatility for YieldMax Innovation Option Income Strategy ETF (OARK) is 7.13%, while REX NVIDIA Growth & Income ETF (NVII) has a volatility of 10.42%. This indicates that OARK experiences smaller price fluctuations and is considered to be less risky than NVII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OARK	NVII	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.13%	10.42%	-3.29%
Volatility (6M) Calculated over the trailing 6-month period	21.41%	27.93%	-6.52%
Volatility (1Y) Calculated over the trailing 1-year period	28.79%	36.25%	-7.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.85%	35.52%	-4.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.85%	35.52%	-4.67%

OARK vs. NVII - Expense Ratio Comparison

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

Dividends

OARK vs. NVII - Dividend Comparison

OARK's dividend yield for the trailing twelve months is around 63.24%, more than NVII's 55.68% yield.

Position	TTM	2025	2024	2023
NVII REX NVIDIA Growth & Income ETF	55.68%	29.17%	0.00%	0.00%
OARK YieldMax Innovation Option Income Strategy ETF	63.24%	61.86%	47.86%	45.03%

Frequently Asked Questions

Can I hold both OARK and NVII in my portfolio?

OARK and NVII have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OARK or NVII?

NVII has higher volatility (10.42%) compared to OARK (7.13%). In terms of maximum drawdown, OARK dropped -35.48% vs NVII's -18.56%.

Which ETF is better, OARK or NVII?

On 1-year performance, NVII leads with 29.35% vs 6.83% for OARK. Both ETFs have the same 0.99% expense ratio. On volatility, OARK has been the lower-risk option at 7.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OARK or NVII?

Over the 1-year period, NVII has performed better with a 29.35% return vs 6.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OARK or NVII?

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

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

OARK has the higher dividend yield at 63.24%, compared with 55.68% for NVII.

What is the main difference between OARK and NVII?

OARK is categorized as Options Trading, while NVII is Derivative Income. They also come from different issuers: YieldMax and REX.

Which has better risk-adjusted returns?

NVII currently has the higher Sharpe Ratio (0.81 vs 0.24), 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.