SEPW vs. NVII

Last updated Aug 6, 2026

SEPW (AllianzIM U.S. Large Cap Buffer20 Sep ETF) and NVII (REX NVIDIA Growth & Income ETF) are both exchange-traded funds - SEPW is a Options Trading fund actively managed by Allianz, while NVII is a Derivative Income fund actively managed by REX. Both are actively managed. Over the past year, SEPW returned 10.48% vs 26.84% for NVII. Their 0.55 correlation means they have sometimes moved together and sometimes differently. SEPW charges 0.74%/yr vs 0.99%/yr for NVII.

Performance

SEPW vs. NVII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap Buffer20 Sep ETF (SEPW) 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, SEPW achieves a 5.74% return, which is significantly lower than NVII's 17.37% return.

SEPW

• 1D: 0.01%
• 1M: 0.78%
• 6M: 5.30%
• YTD: 5.74%
• 1Y: 10.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.57%

NVII

• 1D: 2.10%
• 1M: 10.64%
• 6M: 25.71%
• YTD: 17.37%
• 1Y: 26.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 58.82%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NVII REX NVIDIA Growth & Income ETF	$3.06M	$2.68M	$3.93M
SEPW AllianzIM U.S. Large Cap Buffer20 Sep ETF	$358.46K	$256.47K	$325.55K

SEPW vs. NVII - Yearly Performance Comparison

	2026 (YTD)	2025
SEPW AllianzIM U.S. Large Cap Buffer20 Sep ETF	5.74%	8.64%
NVII REX NVIDIA Growth & Income ETF	17.37%	47.63%

Correlation

The correlation between SEPW and NVII is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.54
Correlation (All Time) Calculated using the full available price history since May 28, 2025	0.55

The correlation between SEPW and NVII has been stable across timeframes, ranging from 0.54 to 0.55 - a consistent structural relationship.

Return for Risk

SEPW vs. NVII — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SEPW

SEPW Risk / Return Rank: 88
SEPW Sharpe Ratio Rank: 88
SEPW Sortino Ratio Rank: 89
SEPW Omega Ratio Rank: 92
SEPW Calmar Ratio Rank: 80
SEPW Martin Ratio Rank: 92

NVII

NVII Risk / Return Rank: 30
NVII Sharpe Ratio Rank: 27
NVII Sortino Ratio Rank: 28
NVII Omega Ratio Rank: 27
NVII Calmar Ratio Rank: 37
NVII Martin Ratio Rank: 30

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SEPW vs. NVII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer20 Sep ETF (SEPW) 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.

	SEPW	NVII	Difference
Sharpe ratio: Return per unit of total volatility	2.33	0.73	+1.60
Sortino ratio: Return per unit of downside risk	3.34	1.17	+2.16
Omega ratio: Gain probability vs. loss probability	1.48	1.14	+0.34
Calmar ratio: Return relative to maximum drawdown	3.30	1.45	+1.85
Martin ratio: Return relative to average drawdown	17.03	3.00	+14.04

SEPW vs. NVII - Sharpe Ratio Comparison

The current SEPW Sharpe Ratio is 2.33, which is higher than the NVII Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of SEPW 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

SEPW vs. NVII - Drawdown Comparison

The maximum SEPW drawdown since its inception was -8.43%, smaller than the maximum NVII drawdown of -18.56%. Use the drawdown chart below to compare losses from any high point for SEPW and NVII.

Drawdown Indicators

	SEPW	NVII	Difference
Max Drawdown Largest peak-to-trough decline	-8.43%	-18.56%	+10.13%
Max Drawdown (1Y) Largest decline over 1 year	-3.19%	-18.56%	+15.37%
Current Drawdown Current decline from peak	0.00%	-7.06%	+7.06%
Average Drawdown Average peak-to-trough decline	-0.63%	-6.49%	+5.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.62%	8.97%	-8.35%

Volatility

SEPW vs. NVII - Volatility Comparison

The current volatility for AllianzIM U.S. Large Cap Buffer20 Sep ETF (SEPW) is 0.82%, while REX NVIDIA Growth & Income ETF (NVII) has a volatility of 12.43%. This indicates that SEPW 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

	SEPW	NVII	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.82%	12.43%	-11.61%
Volatility (6M) Calculated over the trailing 6-month period	3.33%	28.29%	-24.96%
Volatility (1Y) Calculated over the trailing 1-year period	4.52%	36.95%	-32.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.30%	35.90%	-29.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.30%	35.90%	-29.60%

SEPW vs. NVII - Expense Ratio Comparison

SEPW has a 0.74% expense ratio, which is lower than NVII's 0.99% expense ratio.

Dividends

SEPW vs. NVII - Dividend Comparison

SEPW has not paid dividends to shareholders, while NVII's dividend yield for the trailing twelve months is around 54.94%.

Position	TTM	2025
NVII REX NVIDIA Growth & Income ETF	54.94%	29.17%
SEPW AllianzIM U.S. Large Cap Buffer20 Sep ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both SEPW and NVII in my portfolio?

SEPW and NVII have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SEPW or NVII?

NVII has higher volatility (12.43%) compared to SEPW (0.82%). In terms of maximum drawdown, SEPW dropped -8.43% vs NVII's -18.56%.

Which ETF is better, SEPW or NVII?

On 1-year performance, NVII leads with 26.84% vs 10.48% for SEPW. On fees, SEPW is cheaper at 0.74% per year. On volatility, SEPW has been the lower-risk option at 0.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SEPW or NVII?

Over the 1-year period, NVII has performed better with a 26.84% return vs 10.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SEPW or NVII?

SEPW is cheaper with a 0.74% expense ratio, compared with 0.99% for NVII.

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

NVII has the higher dividend yield at 54.94%, compared with 0.00% for SEPW.

What is the main difference between SEPW and NVII?

SEPW is categorized as Options Trading, while NVII is Derivative Income. They also come from different issuers: Allianz and REX. Their fees differ too: 0.74% for SEPW and 0.99% for NVII.

Which has better risk-adjusted returns?

SEPW currently has the higher Sharpe Ratio (2.33 vs 0.73), 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.