NVII, the REX NVDA Growth & Income ETF, is an ETF whose main story is the income overlay. Over the past year it returned +16.5%, against +13.8% for broad US ETFs. Figures to October 27, 2026. Past performance, not a forecast or a recommendation.
How it has performed
How NVII has done, next to the ETFs carrying its narrative and the US market.
| Period | NVII | The income overlay | US market |
|---|---|---|---|
| Last month | −2.9% | +2.4% | −0.4% |
| Last 3 months | +11.4% | +1.8% | +3.5% |
| This year | +19.7% | +12.1% | +14.3% |
| Last 12 months | +16.5% | +12.9% | +13.8% |
| Since launch, May 2025, annualized | +49.3% | – | – |
Returns are price change plus dividends. Its narrative is the ETFs carrying the income overlay, combined and weighted by size, leaving out leveraged and inverse ones. A leveraged or inverse product resets each day, so over longer periods its return can differ a lot from the multiple. A dash means it has not traded for the whole period. Past performance, not a forecast or a recommendation.
Key facts
How it has done over time
$10,000 invested May 31, 2025
How it moves
| Compared with | CorrelationCorr. | −1 opposite · 0 unrelated · +1 in step | When it moved 1%, NVII movedPer 1% move |
|---|---|---|---|
| The US market | 0.59 | 1.53% | |
| The income overlay | 0.19 | 0.88% |
NVII moves partly with the US market, and moves largely apart from the income overlay. Correlation runs from −1 (moves opposite) through 0 (unrelated) to +1 (moves in step). Weekly returns over 73 weeks, to Fri Oct 23. The narrative is measured without NVII in it, so it is not compared with itself.
Risk
Against its peers
Nearest by size
The ETFs ranked just above and below NVII by assets, among the 647 ETFs whose main narrative is the income overlay, largest first.
| # | ETF | SHARE | ASSETS | 1 YEAR | COST |
|---|---|---|---|---|---|
| 633 | TYYY | under 0.1% | $382,200 | – | 0.99% |
| 634 | XLPX | under 0.1% | $359,645 | – | 0.45% |
| 635 | FBYY | under 0.1% | $318,830 | −41.1% | 1.07% |
| 636 | MMHI | – | – | – | 0.34% |
| 637 | MYML | – | – | – | 0.20% |
| 638 | NVII | – | – | +16.5% | 1.49% |
| 639 | OVQ | – | – | – | 0.97% |
| 640 | QQDH | – | – | – | 0.95% |
| 641 | SFEI | – | – | – | – |
| 642 | SLVI | – | – | – | 0.78% |
| 643 | SPDH | – | – | – | – |
Share is each ETF’s slice of the money in ETFs carrying this narrative. 1 year is price change plus dividends; cost is the yearly fee.
Moves most like: NVDY 0.99 · NVYY 0.82 · TRUT 0.78 How closely weekly returns moved together over the last 3 years, where 1 is in step.
Cost against its peers
NVII is leveraged or inverse, so it is shown against the plain ETFs but not ranked among them.
Where it sits in The income overlay
Each dot is one of 477 plain ETFs whose main narrative is the income overlay, placed by its return (up) and how much it swung (right) over the last year. NVII is leveraged or inverse, so it is shown against them but not counted among them.
The narrative it carries
Its main narrative, at 80% of its exposure.
The income overlay →
ETFs built to pay income: dividend stocks, municipal bonds, preferred shares and covered calls.
This week its attention level is 48.7, in the WARM band, 17th of 22. 677 ETFs carry it.
Also carries: The AI compute core →
The chips, memory and data centers AI runs on, and the big technology companies that build and buy them.
How it is built
A leveraged ETF that aims for 1.25 times the daily return of what it tracks, reset each day. It sells call options on its holdings, trading some upside for income. It counts toward its narrative's share of money at its net assets.
Common questions
What story is NVII selling?
NVII’s main story is the income overlay, which covers ETFs built to pay income: dividend stocks, municipal bonds, preferred shares and covered calls. Its second is the AI compute core.
Which ETFs compete with NVII?
The ETFs whose weekly returns move most like NVII’s over the past 3 years are NVDY (0.99), NVYY (0.82) and TRUT (0.78).
How has NVII performed against its story?
Over the past year NVII returned +16.5%, the ETFs carrying the income overlay +12.9% and broad US ETFs +13.8%, to October 27, 2026. Its weekly returns have a correlation of 0.19 with the story. Past performance, not a forecast or a recommendation.
What does NVII cost?
NVII charges a yearly fee of 1.49%.
Is NVII leveraged?
Yes. NVII aims for 1.25 times the daily return of what it tracks, reset each day, so over longer periods its return can differ a lot from 1.25 times.
When did NVII launch?
NVII launched on May 27, 2025 and is issued by REX.
What does NVII pay?
NVII paid out 55.50% of its price over the last 12 months.
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