What Is the NVII ETF? A Complete Guide to Returns, Expense Ratio, Holdings, and Alternative ETFs
The REX NVIDIA Growth & Income ETF (NVII) is an actively managed product that seeks enhanced exposure to a single stock, NVIDIA, together with weekly distributions. Its covered call strategy and a comparison with other NVDA-linked funds are the key points for assessing its investment outlook.
SubscribeWhat Is the REX NVIDIA Growth & Income ETF?
It is an actively managed ETF that seeks enhanced daily return exposure to a single stock, NVIDIA (NVDA), while also generating weekly distribution income by selling call options.
It is suited to active investors who want to bet on the direction of NVDA while also receiving regular cash distributions.
The ETF is managed by REX Shares using an active management approach.
How Does the REX NVIDIA Growth & Income ETF Invest?
| Item | Details |
|---|---|
| Underlying stock | NVIDIA (NVDA) |
| Management style | Active (synthetic covered call + enhanced exposure) |
| Rebalancing frequency | Adjusted with each option expiration cycle |
| Distribution frequency | Weekly distributions |
| Total expense ratio | 1.49% |
By combining NVDA shares, options, and swaps, the fund seeks enhanced daily returns relative to the underlying stock, while selling out-of-the-money call options in a covered call approach to fund its weekly distributions. The structure may cap upside gains during rallies.
- A structure that combines enhanced single-stock exposure with income generation
- Active management using synthetic options and swaps
REX NVIDIA Growth & Income ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $104.7M, and the total expense ratio is 1.49% per year.
Compared with WMTI in the same category, the two differ only in their underlying stock while adopting a similar structure from the same manager, which makes it possible to compare management philosophies such as fees and the way distributions are funded.
REX NVIDIA Growth & Income ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe fund tracks the direction and volatility of its underlying stock, NVDA, in amplified form, and the size of its weekly distribution funding also fluctuates with changes in the option premium environment.
As investor interest continues across the broader category of single-stock enhanced-exposure and income-focused ETFs, capital has been flowing into related products.
REX NVIDIA Growth & Income ETF Pros and Cons
Enhanced exposure to the direction of NVDA and regular distributions are its strengths, but the cap on gains during rallies and the complexity of the option and swap structure are points to watch.
💪 Key Strengths
⚠️ Points of Caution
REX NVIDIA Growth & Income ETF Alternative ETFs and Related Products
WMTI, launched by the same manager, differs only in its underlying stock while using the same enhanced-exposure, weekly-distribution structure, making it a direct comparison. In addition, NVDY, which applies a different option income strategy to the same NVDA underlying asset, is also worth considering. Similar single-stock income ETFs include TSLY (Tesla-based), CONY (Coinbase-based), and MSTY (MicroStrategy-based), allowing comparison by underlying stock.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 WMTI | REX WMT Growth & Income ETF | $21.19 | -2.2% | $12.6M | 0.99% | 34.89% | - |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 USLM | United States Lime & Minerals Inc | 1.04% | $121.04 | +1.7% | $3.5B | 26.1 | 0.2% |
 BNO | United States Brent Oil Fund LP | 1.03% | $66.11 | +0.2% | $0.0M | - | - |
 FAF | First American Financial Corp | 0.01% | $64.97 | -1.8% | $6.6B | 9.2 | 3.57% |
REX NVIDIA Growth & Income ETF Investor Checkpoints
Here are the points to review before investing in NVII. Because enhanced exposure to the underlying stock and a distribution structure funded by option premiums are closely intertwined, understanding the structure in advance is especially important.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense ratio | Check the fee burden from active management | Somewhat higher than the category average |
| 📈 Exposure multiple | Check the range of enhanced exposure relative to NVDA | Daily reset structure |
| 💰 Distribution source | Sustainability of distributions based on option premiums | Weekly distributions maintained |
| ⚠️ Concentration risk | Check dependence on a single stock | No diversification |
If NVDA drops sharply, losses may also be magnified by the enhanced exposure structure. Conversely, during a sharp rally, the covered call feature may prevent investors from fully capturing the upside, which should also be kept in mind.
It is an active structure suited to investors who want enhanced exposure to the direction of NVDA along with regular distributions. An approach that takes structural complexity and concentration risk into account is recommended.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of July 2, 2026.
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