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ANV vs NVII

GraniteShares Autocallable NVDA ETF

ANVBNasdaq

REX NVDA Growth & Income ETF

NVIIDCboe

Overlap

Expense ratio

ANV −0.31pt a year

ANV1.18%NVII1.49%

Avg volume · 30D

NVII 17.0×the volume

ANV6.03KNVII102K

ANV vs NVII Performance

Jul 31, 2026 – Oct 30, 2026

+3.5%ANV+2.3%NVII

Jul 31, 2026 to Oct 30, 2026. ANV +3.5%. NVII +2.3%. Use the arrow keys to read each point.10%15%20%Jul 2026Sep 2026Oct 2026
Expense ratio
ANV 1.18%, better
NVII 1.49%
Fund size
ANV $9M
NVII $111M
1Y total return
ANV No data
NVII +5.0%
Yield (12M)
ANV No data
NVII 57.81%
Holdings
ANV 6
NVII 4
Avg volume (30D)
ANV 6.03K sh
NVII 102K sh, better
NAV per share
ANV $25.25
NVII $22.77
52W range

ETF.net Grade

ANV: Cost 18, Risk 90, Mission 100, Tradability 37, Holdings not scored, Durability 56. NVII: Cost 7, Risk 25, Mission 70, Tradability 55, Holdings not scored, Durability 68.
Pillar letters and Scores for ANV, NVII, with each pillar’s weight
PillarANVNVII
Cost30% weightF18HigherF7
Mission25% weightA100HigherA70
Risk15% weightA90HigherD25
Tradability15% weightD37B55Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB56B68Higher

Rank among Nvidia (NVDA) Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ANV and NVII are both graded against the same 7 Nvidia (NVDA) Option Income funds, so their Grades compare head to head.

Nvidia (NVDA) Option Income⁠

Category · 7 funds
See all 7 ›

ANV ranks 2nd and NVII 6th of 7 funds in the Nvidia (NVDA) Option Income Category.

  1. Rank 1BNVITYieldMax NVDA Performance & Distribution Target 25 ETFScore 68
  2. Rank 2BANVGraniteShares Autocallable NVDA ETFScore 58
  3. Rank 3CDIPSYieldMax Short NVDA Option Income Strategy ETFScore 54
  4. Rank 5CNYYYxETFs NVDA Daily Income ETFScore 40
  5. Rank 6DNVIIREX NVDA Growth & Income ETFScore 38
  6. XVNVNot yet graded

Our read on each fund

ETF.net Research

ANVBGraniteShares Autocallable NVDA ETF

NVIIDREX NVDA Growth & Income ETF

In short

ANV Most NVDA income funds sell call options. ANV instead holds autocallable instruments linked to Nvidia: contingent coupons, and a position that can end early if the stock trips a call level. Same stock, very different plumbing.

NVII Most NVDA income funds sell the upside away. NVII starts with a target of 105% to 150% daily exposure to NVDA, then writes covered calls on top, so leverage does some of the work premiums usually have to do. Payouts are weekly.

Stated mandate

ANV The fund seeks to generate potential monthly income through a portfolio of autocallable instruments linked to Nvidia's equity performance.

NVII The Fund seeks leveraged exposure to NVDA while pursuing weekly distributions through an options-based income strategy.

Why people hold it

  • ANV Income comes from autocallable instruments tied to Nvidia, not calls written on it, so coupons are contingent and the position can terminate early if Nvidia trips a call level.
  • It is the lone autocallable build in a peer group otherwise stacked with NVDA option-income funds, so it is not the same covered-call trade in a fresh wrapper.
  • At 1.07% a year it sits mid-pack among NVDA income funds (NVII 0.99%, NVDY 1.09%), so the structured plumbing costs no premium over option-writing rivals.
  • Autocallable payoffs usually arrive as bank-issued notes. Here the exposure sits inside a 1940 Act registered fund that trades on an exchange like any other ETF.
  • NVII Hybrid build: daily notional exposure targeted between 105% and 150% of NVDA, with calls sold against that leveraged long. The leverage offsets part of what the calls give up.rexshares.comrexshares.com 2
  • Weekly distributions are the stated primary objective; the leveraged exposure is secondary. Premium from the sold calls is the income source.rexshares.comrexshares.com 2
  • Simple plumbing: NVDA options and swaps backed by short-term Treasuries, daily rebalanced back to target leverage, inside a standard 1940 Act fund.rexshares.com

Worth knowing

  • ANV Autocallables trade upside for coupons: a big Nvidia rally can call you out early rather than carry you along, and any new terms reset to whatever the market offers then.
  • Exposure is synthetic rather than NVDA shares, which adds counterparty and pricing risk, and it all rides on one stock, so Nvidia drawdowns pass straight through.
  • Launched in 2026, it has no long record to judge, and a young fund is still building trading depth, which can show up as wider bid-ask spreads.
  • NVII 1.49% with no fee waiver makes it the priciest in this NVDA income group: NVDY 1.09%, NVIT 1.08%, ANV 1.07%, NYYY 0.99%.
  • Daily rebalancing compounds: over any stretch longer than a day, returns will very likely differ from 105% to 150% of NVDA's move.rexshares.comrexshares.com 2
  • Full downside exposure stays with the position, calls limit gains above the strike, and distributions may include return of capital, which reduces principal.sec.govrexshares.com

Full ANV profile⁠

Full NVII profile⁠

ANV vs NVII Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ANV vs NVII Cost

Overpaying NVII vs ANV

$4,598

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ANV 1.18%

    $21,543

  • NVII 1.49%

    $26,141

$10,000
30 years

Cost over time

  • ANV 1.18%
  • NVII 1.49%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530NVII $26,141ANV $21,543

Year by year

YearANVNVIIOverpaying
10$2,065$2,574$509
20$7,697$9,464$1,767
30$21,543$26,141$4,598

Expense ratio

  • 1.18%ANV, cheaper
  • 1.49%NVII
  • Middle half of Nvidia (NVDA) Option Income funds
  • Median 1.08%

ANV 6th cheapest of 7 funds

NVII 7th cheapest of 7 funds

ANV vs NVII Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ANV No data
NVII 57.81%
Payout (12M)
ANV No data
NVII $12.54
Last payment
ANV $0.29
NVII $0.17
Ex-dividend
ANV Oct 7, 2026
NVII Oct 27, 2026
Paid on
ANV Oct 9, 2026
NVII Oct 28, 2026
Frequency
ANV Monthly
NVII Weekly

Distribution history

Per share, 2026, same scale for both

ANVMonthly · 8 paymentsAll ANV payments⁠
One bar per payment. 8 payments in 2026 YTD. Mar 4, 2026 $0.35; Apr 1, 2026 $0.35; May 6, 2026 $0.35; Jun 3, 2026 $0.34; Jul 1, 2026 $0.35; Aug 12, 2026 $0.33; Sep 9, 2026 $0.30; Oct 7, 2026 $0.29. Use the arrow keys to read each point.$0$0.502026YTD
NVIIWeekly · 43 paymentsAll NVII payments⁠
One bar per payment. 43 payments in 2026 YTD. Jan 6, 2026 $0.15; Jan 13, 2026 $0.20; Jan 21, 2026 $0.21; Jan 27, 2026 $0.18; Feb 3, 2026 $0.23; Feb 10, 2026 $0.24; Feb 18, 2026 $0.31; Feb 24, 2026 $0.24; Mar 3, 2026 $0.42; Mar 10, 2026 $0.27; Mar 17, 2026 $0.27; Mar 24, 2026 $0.27; Mar 31, 2026 $0.18; Apr 7, 2026 $0.19; Apr 14, 2026 $0.18; Apr 21, 2026 $0.14; Apr 28, 2026 $0.18; May 5, 2026 $0.22; May 12, 2026 $0.24; May 19, 2026 $0.26; May 27, 2026 $0.60; Jun 2, 2026 $0.26; Jun 9, 2026 $0.24; Jun 16, 2026 $0.27; Jun 23, 2026 $0.22; Jun 30, 2026 $0.21; Jul 7, 2026 $0.19; Jul 14, 2026 $0.19; Jul 21, 2026 $0.21; Jul 28, 2026 $0.23; Aug 4, 2026 $0.24; Aug 11, 2026 $0.23; Aug 18, 2026 $0.20; Aug 25, 2026 $0.17; Sep 1, 2026 $0.35; Sep 9, 2026 $0.20; Sep 15, 2026 $0.15; Sep 22, 2026 $0.19; Sep 29, 2026 $0.13; Oct 6, 2026 $0.15; Oct 14, 2026 $0.15; Oct 20, 2026 $0.17; Oct 27, 2026 $0.17. Use the arrow keys to read each point.$0$0.502026YTD

ANV vs NVII Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ANV No dataNVII 29.2%since Jun 2025
Return per unit of riskSharpe ratio, 3 years
ANV No dataNVII 1.22since Jun 2025
Worst fallMax drawdown, 5 years
ANV No dataNVII −18.5%since May 2025
Market sensitivityBeta, 5 years
ANV 0.10NVII 1.60

ANV and NVII in the news

All news⁠

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