TLDR vs. CWII

Last updated Jun 4, 2026

TLDR (The Laddered T-Bill ETF) and CWII (REX CRWV Growth & Income ETF) are both exchange-traded funds - TLDR is a Ultrashort Bond fund actively managed by REX Shares, while CWII is a Derivative Income fund actively managed by REX Shares. Both are actively managed. At a correlation of -0.07, they often move in opposite directions. TLDR charges 0.20%/yr vs 1.03%/yr for CWII.

Performance

TLDR vs. CWII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Laddered T-Bill ETF (TLDR) and REX CRWV Growth & Income ETF (CWII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TLDR

• 1D: 0.02%
• 1M: 0.32%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CWII

• 1D: -5.26%
• 1M: -7.64%
• YTD: 37.23%
• 6M: 17.21%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TLDR vs. CWII - Yearly Performance Comparison

	2026 (YTD)
TLDR The Laddered T-Bill ETF	1.25%
CWII REX CRWV Growth & Income ETF	9.06%

Correlation

The correlation between TLDR and CWII is -0.07, 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 (All Time) Calculated using the full available price history since Jan 22, 2026	-0.07

Return for Risk

TLDR vs. CWII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Laddered T-Bill ETF (TLDR) and REX CRWV Growth & Income ETF (CWII). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TLDR	CWII	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	8.82	-0.38	+9.19

Drawdowns

TLDR vs. CWII - Drawdown Comparison

The maximum TLDR drawdown since its inception was -0.05%, smaller than the maximum CWII drawdown of -48.46%. Use the drawdown chart below to compare losses from any high point for TLDR and CWII.

Drawdown Indicators

	TLDR	CWII	Difference
Max Drawdown Largest peak-to-trough decline	-0.05%	-48.46%	+48.41%
Current Drawdown Current decline from peak	0.00%	-20.63%	+20.63%
Average Drawdown Average peak-to-trough decline	-0.01%	-30.55%	+30.54%

Volatility

Volatility by Period

	TLDR	CWII	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.39%	88.61%	-88.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.39%	88.61%	-88.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.39%	88.61%	-88.22%

TLDR vs. CWII - Expense Ratio Comparison

TLDR has a 0.20% expense ratio, which is lower than CWII's 1.03% expense ratio.

Dividends

TLDR vs. CWII - Dividend Comparison

TLDR's dividend yield for the trailing twelve months is around 1.22%, less than CWII's 20.73% yield.

Position	TTM	2025
CWII REX CRWV Growth & Income ETF	20.73%	6.09%
TLDR The Laddered T-Bill ETF	1.22%	0.00%

Frequently Asked Questions

Can I hold both TLDR and CWII in my portfolio?

TLDR and CWII have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TLDR or CWII?

On fees, TLDR is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TLDR or CWII?

TLDR is cheaper with a 0.20% expense ratio, compared with 1.03% for CWII.

Which ETF pays a higher dividend yield, TLDR or CWII?

CWII has the higher dividend yield at 20.73%, compared with 1.22% for TLDR.

What is the main difference between TLDR and CWII?

TLDR is categorized as Ultrashort Bond, while CWII is Derivative Income. Their fees differ too: 0.20% for TLDR and 1.03% for CWII.