WEEI vs. NVIR

Last updated Jun 24, 2026

WEEI (Westwood Salient Enhanced Energy Income ETF) and NVIR (Horizon Kinetics Energy Remediation ETF) are both Energy Equities funds. Both are actively managed. Over the past year, WEEI returned 22.30% vs 26.56% for NVIR. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.85% expense ratio.

Performance

WEEI vs. NVIR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Westwood Salient Enhanced Energy Income ETF (WEEI) and Horizon Kinetics Energy Remediation ETF (NVIR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WEEI achieves a 12.67% return, which is significantly lower than NVIR's 15.99% return.

WEEI

• 1D: 0.75%
• 1M: -6.17%
• YTD: 12.67%
• 6M: 13.31%
• 1Y: 22.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVIR

• 1D: -0.24%
• 1M: -6.60%
• YTD: 15.99%
• 6M: 15.77%
• 1Y: 26.56%
• 3Y*: 18.04%
• 5Y*: —
• 10Y*: —

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

WEEI vs. NVIR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WEEI Westwood Salient Enhanced Energy Income ETF	12.67%	11.28%	-3.19%
NVIR Horizon Kinetics Energy Remediation ETF	15.99%	9.84%	8.90%

Correlation

The correlation between WEEI and NVIR is 0.78, 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	0.78
Correlation (All Time) Calculated using the full available price history since May 1, 2024	0.82

The correlation between WEEI and NVIR has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.

WEEI vs. NVIR - Sectors Allocation Comparison

Sectors	WEEI	NVIR
Energy	100.0%	79.3%
Basic Materials	-	1.8%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	1.3%
Industrials	-	15.0%
Real Estate	-	-
Technology	-	2.8%
Utilities	-	3.1%

Return for Risk

WEEI vs. NVIR — Risk / Return Rank

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

WEEI

WEEI Risk / Return Rank: 47
WEEI Sharpe Ratio Rank: 48
WEEI Sortino Ratio Rank: 43
WEEI Omega Ratio Rank: 43
WEEI Calmar Ratio Rank: 51
WEEI Martin Ratio Rank: 51

NVIR

NVIR Risk / Return Rank: 53
NVIR Sharpe Ratio Rank: 50
NVIR Sortino Ratio Rank: 46
NVIR Omega Ratio Rank: 47
NVIR Calmar Ratio Rank: 64
NVIR Martin Ratio Rank: 57

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.

WEEI vs. NVIR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Westwood Salient Enhanced Energy Income ETF (WEEI) and Horizon Kinetics Energy Remediation ETF (NVIR). 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.

	WEEI	NVIR	Difference
Sharpe ratio: Return per unit of total volatility	1.56	1.61	-0.05
Sortino ratio: Return per unit of downside risk	2.06	2.16	-0.10
Omega ratio: Gain probability vs. loss probability	1.27	1.28	-0.01
Calmar ratio: Return relative to maximum drawdown	2.37	2.93	-0.57
Martin ratio: Return relative to average drawdown	8.14	9.32	-1.18

WEEI vs. NVIR - Sharpe Ratio Comparison

The current WEEI Sharpe Ratio is 1.56, which is comparable to the NVIR Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of WEEI and NVIR, 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

WEEI vs. NVIR - Drawdown Comparison

The maximum WEEI drawdown since its inception was -18.78%, smaller than the maximum NVIR drawdown of -22.47%. Use the drawdown chart below to compare losses from any high point for WEEI and NVIR.

Drawdown Indicators

	WEEI	NVIR	Difference
Max Drawdown Largest peak-to-trough decline	-18.78%	-22.47%	+3.69%
Max Drawdown (1Y) Largest decline over 1 year	-9.46%	-9.09%	-0.37%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.47%	—
Current Drawdown Current decline from peak	-7.81%	-7.99%	+0.18%
Average Drawdown Average peak-to-trough decline	-4.20%	-4.61%	+0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	2.86%	-0.11%

Volatility

WEEI vs. NVIR - Volatility Comparison

The current volatility for Westwood Salient Enhanced Energy Income ETF (WEEI) is 5.77%, while Horizon Kinetics Energy Remediation ETF (NVIR) has a volatility of 6.20%. This indicates that WEEI experiences smaller price fluctuations and is considered to be less risky than NVIR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEEI	NVIR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.77%	6.20%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	11.17%	12.76%	-1.59%
Volatility (1Y) Calculated over the trailing 1-year period	14.46%	16.63%	-2.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.36%	19.32%	-0.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.36%	19.32%	-0.96%

WEEI vs. NVIR - Expense Ratio Comparison

Both WEEI and NVIR have an expense ratio of 0.85%.

Dividends

WEEI vs. NVIR - Dividend Comparison

WEEI's dividend yield for the trailing twelve months is around 11.84%, more than NVIR's 0.79% yield.

Position	TTM	2025	2024	2023
NVIR Horizon Kinetics Energy Remediation ETF	0.79%	0.92%	1.50%	1.34%
WEEI Westwood Salient Enhanced Energy Income ETF	11.84%	12.59%	7.20%	0.00%

Frequently Asked Questions

Can I hold both WEEI and NVIR in my portfolio?

WEEI and NVIR have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEEI or NVIR?

NVIR has higher volatility (6.20%) compared to WEEI (5.77%). In terms of maximum drawdown, WEEI dropped -18.78% vs NVIR's -22.47%.

Which ETF is better, WEEI or NVIR?

On 1-year performance, NVIR leads with 26.56% vs 22.30% for WEEI. Both ETFs have the same 0.85% expense ratio. On volatility, WEEI has been the lower-risk option at 5.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEEI or NVIR?

Over the 1-year period, NVIR has performed better with a 26.56% return vs 22.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEEI or NVIR?

WEEI and NVIR have the same expense ratio: 0.85% per year.

Which ETF pays a higher dividend yield, WEEI or NVIR?

WEEI has the higher dividend yield at 11.84%, compared with 0.79% for NVIR.

What is the main difference between WEEI and NVIR?

They also come from different issuers: Westwood and Horizon.

Which has better risk-adjusted returns?

NVIR currently has the higher Sharpe Ratio (1.61 vs 1.56), 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.