I was able to install both and run them with no problem, although I sent Nvidia feedback regarding this software; It is slow and clunky. It runs laggy. I like the shadow play and framerate monitoring capabilities, but even when installing new drivers through Nvidia Experience it's slower and laggier than just going to nvidia.com and finding your driver there.
I personally will not run this software again until they make it work and it's really no longer a beta product.
While they try to provide a massive amount of functionality through this software, it definitely cheapens the Nvidia brand. I just like the Nvidia that has good solid drivers (bad drivers are the reason I quit buying AMD). I don't need all of their experimental gadgetry.
What sucks is when you get the drivers from the Nvidia.com site, you have to uninstall the Nvidia Experience afterward because they bundle it right along with the drivers now.
Until this software becomes more responsive, I won't use it.