NVII vs SPY
REX NVDA Growth & Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | NVII | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.49% | 0.09% | |
| AUM | $103M | $789.1B | |
| Dividend Yield | 58.17% | 1.01% | |
| Holdings | 6 | 505 | |
| YTD Return | +1.63% | +14.47% | |
| 1Y Return | +7.91% | +21.96% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 31.0% | 15.3% | |
| Max Drawdown | -26.9% | -56.5% | |
| Fund Family | REX Shares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | May 28, 2025 | Jan 22, 1993 |
NVII vs SPY Performance
REX NVDA Growth & Income ETF (NVII) is a ETF from REX Shares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NVII returned +7.91% while SPY returned +21.96%. Year to date, NVII is up 1.63% versus a gain of 14.47% for SPY.
Risk: Volatility and Drawdowns
NVII has been the more volatile fund, with annualized monthly volatility of 31.0% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -26.9% for NVII and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NVII charges 1.49% per year while SPY charges 0.09%. On a $10,000 position that is $149 vs $9 annually, a gap of $140 per year that compounds over a long holding period. On income, NVII currently yields 58.17% against 1.01% for SPY.
Holdings Overlap
NVII and SPY share 0 holdings out of 504 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NVII or SPY?
NVII has an expense ratio of 1.49% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $140 per year of difference.
Which performed better, NVII or SPY?
Over the past year NVII returned +7.91% vs +21.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), NVII annualized +43.74% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, NVII or SPY?
NVII has been the more volatile fund at 31.0% annualized versus 15.3% for SPY. Worst drawdown: NVII -26.9% vs SPY -56.5%.
Should I hold both NVII and SPY?
NVII and SPY have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NVII and SPY?
NVII and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, NVII or SPY?
NVII yields 58.17% while SPY yields 1.01%, so NVII currently pays the higher dividend yield.
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