ETF Comparison

NVII vs TSII: Which Is the Better Pick in 2026?

A head-to-head comparison of REX NVDA Growth & Income ETF and REX TSLA Growth & Income ETF covering yield, cost, risk, and income potential.

Data updated August 19, 2026

Best for

NVIIInvestors who are comfortable trading away most upside for a large, steady payout.
TSIIInvestors who are comfortable trading away most upside for a large, steady payout.

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Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

NVII has outpaced TSII over the trailing twelve months, posting a 21.46% total return against -0.93%. Measured from Jun 2025 — when the younger fund began trading — NVII has compounded at 48.97% a year versus 4.78% for TSII. NVII has been the steadier holding, though — annualized volatility of 37.4% against 48.5% for TSII. Figures are total returns: price change plus every distribution reinvested.

Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
Symbol	YTD	1Y	Since Jun 2025	Volatility	Sharpe	Sortino	Max drawdown
NVII	15.39%	21.46%	48.97%	37.4%	0.40	0.55	-18.6%
TSII	-23.82%	-0.93%	4.78%	48.5%	-0.11	-0.15	-44.1%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of August 19, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Jun 2025” measures every fund from June 4, 2025 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the past year. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the past year) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.

Side-by-side snapshot

Side-by-side snapshot. Each row is one metric; each column is one fund.
Metric	NVII	TSII
Full name	REX NVDA Growth & Income ETF	REX TSLA Growth & Income ETF
Issuer	REX Shares	REX Shares
Last Close	$24.58 as of August 19, 2026	$12.61 as of August 19, 2026
Distribution yield	42.10%	42.19%
Distribution Safety Score™	67	48
Expense ratio	1.49%	1.52%
AUM	$119M	$29.2M
Distribution frequency	Weekly	Weekly
Underlying index	NVIDIA (NVDA)	Tesla (TSLA)
Objective	Seeks to deliver weekly income alongside NVIDIA exposure through a call spread and protective put overlay on a core stock position.	Designed to generate weekly income and retain Tesla upside by combining a stock position with a call spread and protective put overlay.
Asset class	Equity	Equity
Inception date	05/28/2025	06/04/2025
Beta	1.8933	2.1635
Last dividend	$0.1990	$0.1023
Ex-dividend date	08/18/2026	08/18/2026

Bottom lineNVII and TSII are both for investors who are comfortable trading away most upside for a large, steady payout — so strategy isn't the deciding factor here. Fees and payouts are close too, so it comes down to which your broker offers commission-free and any share-price or tax-lot preference.

How the risk works

Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.

Capped upside and premium dependence. NVII and TSII generate income by selling options, which trades away part of a strong rally in exchange for premium. Distributions can include return of capital, and a payout the underlying assets cannot sustain shows up as NAV erosion over time — the big yield number is not free.

Learn the mechanics: Return of capital, explained · NAV erosion, explained

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REX Shares

ETFs68

Total AUM$15.4B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

REX Shares is known for specializing in options-based and thematic ETF strategies, offering 23 funds organized across distinct families including Covered Call, IncomeMax Option Strategy, and MicroSectors products. The fund lineup emphasizes income generation through option strategies and sector-specific exposure, with holdings spanning technology, commodities, and alternative assets. REX Shares targets investors seeking non-traditional income approaches and concentrated sector bets, positioning itself in a niche segment focused on structured strategies rather than broad market indexing.

See our curated list of related YouTube videos on NVII and TSII.

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Quick verdict

NVII (REX NVDA Growth & Income ETF) and TSII (REX TSLA Growth & Income ETF) are both weekly-pay dividend ETFs, but they take different approaches.

TSII offers the higher yield at 42.19% vs 42.10% for NVII. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

NVII is cheaper with an expense ratio of 1.49% compared to 1.52%.

They track different benchmarks: NVII is linked to NVIDIA (NVDA) while TSII tracks Tesla (TSLA), which means their performance drivers differ.

NVII is the larger fund by assets ($119M), which generally means tighter spreads and better liquidity.

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Deep dive

Yield & income

On a $10,000 investment, NVII would generate roughly $350.83/month, while TSII would produce $351.58/month, at current distribution rates. Both pay weekly distributions.

NVII yield42.10%

TSII yield42.19%

Monthly diff on $10K$0.75

Cost & efficiency

Over 10 years on $10,000, NVII would cost approximately $1,490 in fees vs $1,520 for TSII (simplified, not compounded). The $30.00 difference may be offset by yield or performance.

NVII ER1.49%

TSII ER1.52%

Strategy & risk

NVII tracks NVIDIA (NVDA) with a growth approach, while TSII tracks Tesla (TSLA) with an electric vehicles approach. Beta is 1.8933 for NVII and 2.1635 for TSII, making NVII the less volatile of the two by this measure.

NVII beta1.8933

TSII beta2.1635

Fund details

NVII is managed by REX Shares (launched 05/28/2025) with $119M in assets. TSII is managed by REX Shares (launched 06/04/2025) with $29.2M in assets.

NVII AUM$119M

TSII AUM$29.2M

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Frequently asked questions

What is the current distribution yield for NVII and TSII?

NVII currently distributes 42.10% and TSII 42.19%, based on fund data updated August 2026. Distribution yield moves with both the payout and the share price, so check the as-of date before relying on either figure.

Is NVII or TSII better for dividend income?

It depends on your goals. TSII currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.

What is the difference between NVII and TSII?

NVII (REX NVDA Growth & Income ETF) tracks NVIDIA (NVDA) with a growth approach, while TSII (REX TSLA Growth & Income ETF) tracks Tesla (TSLA) with an electric vehicles approach. They are issued by REX Shares and REX Shares respectively.

Can I hold both NVII and TSII?

Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.

Is NVII or TSII safer?

By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — NVII scores 67, TSII scores 48, so NVII's payout currently looks the more resilient of the two. NVII has also shown lower price volatility (beta 1.89 vs 2.16 for TSII). No score makes an investment risk-free — treat this as a screening signal, not a guarantee, and the leverage, options-income, or crypto caveats flagged on this page apply regardless of score.

Which has lower fees, NVII or TSII?

NVII has an expense ratio of 1.49% while TSII charges 1.52%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in NVII vs TSII generate?

At current rates, $10,000 in NVII would generate roughly $350.83 per month ($4,210.00 annually). The same in TSII would produce about $351.58 per month ($4,219.00 annually).

Which has performed better historically, NVII or TSII?

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NVII vs TSII — at a glance

Generated August 15, 2026.

Figures quoted in this analysis are from its generation date and may lag the live snapshot table above, which always shows the latest data.

Overview

NVII and TSII are single-stock ETFs that overlay call spreads and protective puts on NVIDIA and Tesla positions, respectively, to generate weekly income. Both aim to deliver yields around 46% while preserving upside participation through their derivative structures. The funds are nearly identical in strategy and recent inception, differing mainly in their underlying stock, fund size, and leverage profile.

How they differ

The primary distinction is the underlying: NVII tracks NVIDIA, a diversified semiconductor and AI-compute leader, while TSII tracks Tesla, a concentrated automotive and energy-storage play with different business cyclicality and volatility characteristics. TSII carries a notably higher beta of 2.16 versus NVII's 1.89, reflecting Tesla's greater price sensitivity to market moves—a meaningful structural difference given that both funds use leveraged options overlays. TSII also lags in AUM ($28.6M versus NVII's $114M) and has a marginally higher expense ratio (1.52% versus 1.49%), though both funds are fresh (NVII since late May 2025, TSII since early June 2025) and carry similar weekly distribution yields around 45.7%.

Who each is best for

NVII: Fits investors seeking high current income from a large-cap semiconductor position who can tolerate amplified weekly volatility and are comfortable with the mechanics of synthetic income generation via options overlays on a single mega-cap stock.

TSII: Fits investors drawn to Tesla's growth narrative who want structured weekly distributions but accept substantially higher price beta and volatility relative to the broader market, along with the operational and sector-concentration risks unique to Tesla.

Key risks to know

NAV erosion at 46% distribution yields. Both funds distribute roughly 46% annualized, likely relying heavily on return-of-capital treatment and options decay to fund payouts. Over multiyear holding periods, this yield level typically erodes principal if underlying stock returns do not exceed the distribution rate by a wide margin.

Options overlay and call-cap risk. The call spread structure caps upside—if NVIDIA or Tesla rallies sharply, the short call leg limits gains. The funds capture stock price appreciation only up to the strike, meaning steep bull moves result in underperformance relative to owning the stock outright.

Single-stock concentration and correlation to fund thesis. Each fund's return depends entirely on one stock. If NVIDIA weakens, NVII has no diversification cushion; same for TSII and Tesla. The protective puts mitigate downside during crashes but cost yield headroom.

Tesla-specific business and regulatory risk (TSII). Tesla faces structural competition in EVs, exposure to macroeconomic auto-demand cycles, and supply-chain and regulatory uncertainties. NVIDIA's semiconductor and AI dominance, while competitive, operates in a broader and less cyclical end-market.

Liquidity and AUM concentration (TSII). At $28.6M, TSII is roughly one-quarter the size of NVII and launched only weeks ago. Smaller AUM can lead to wider bid-ask spreads and earlier fund closure risk if assets don't grow.

Bottom line

If you prize weekly income from a mega-cap AI-semiconductor name and can tolerate amplified volatility and call-capped upside, NVII's larger asset base and NVIDIA's market position offer a marginally lower-risk sandbox for this options-income strategy. If you believe Tesla offers superior long-term returns and are willing to accept substantially higher price beta and single-stock risk for the same yield structure, TSII presents the trade-off—but both funds' 46% distributions suggest that principal preservation depends critically on underlying stock performance over time. Past performance does not guarantee future results.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.

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