DWLD vs. NXTE

Last updated Jun 4, 2026

DWLD (Davis Select Worldwide ETF) and NXTE (Axs Green Alpha ETF) are both Global Equities funds. Both are actively managed. Over the past 3 years, DWLD returned 21.79%/yr vs 18.63%/yr for NXTE. A 0.72 correlation means they provide meaningful diversification when combined. DWLD charges 0.63%/yr vs 1.00%/yr for NXTE.

Performance

DWLD vs. NXTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Davis Select Worldwide ETF (DWLD) and Axs Green Alpha ETF (NXTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DWLD achieves a 2.89% return, which is significantly lower than NXTE's 36.11% return.

DWLD

• 1D: -1.70%
• 1M: 2.78%
• YTD: 2.89%
• 6M: 5.82%
• 1Y: 22.23%
• 3Y*: 21.79%
• 5Y*: 8.09%
• 10Y*: —

NXTE

• 1D: -0.62%
• 1M: 17.52%
• YTD: 36.11%
• 6M: 34.91%
• 1Y: 64.20%
• 3Y*: 18.63%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DWLD vs. NXTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DWLD Davis Select Worldwide ETF	2.89%	30.43%	24.34%	20.62%	13.48%
NXTE Axs Green Alpha ETF	36.11%	21.84%	-3.42%	13.85%	-1.33%

Correlation

The correlation between DWLD and NXTE is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022	0.72

The correlation between DWLD and NXTE has been stable across timeframes, ranging from 0.71 to 0.73 - a consistent structural relationship.

DWLD vs. NXTE - Sectors Allocation Comparison

Sectors	DWLD	NXTE
Consumer Cyclical	21.4%	4.1%
Financial Services	20.2%	1.5%
Technology	17.4%	48.5%
Communication Services	11.9%	1.9%
Healthcare	11.4%	11.3%
Consumer Defensive	7.6%	2.1%
Energy	5.8%	-
Basic Materials	3.5%	0.5%
Industrials	0.8%	17.6%
Real Estate	-	10.9%
Utilities	-	2.2%

Return for Risk

DWLD vs. NXTE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DWLD

DWLD Risk / Return Rank: 42
DWLD Sharpe Ratio Rank: 43
DWLD Sortino Ratio Rank: 42
DWLD Omega Ratio Rank: 41
DWLD Calmar Ratio Rank: 40
DWLD Martin Ratio Rank: 42

NXTE

NXTE Risk / Return Rank: 79
NXTE Sharpe Ratio Rank: 81
NXTE Sortino Ratio Rank: 77
NXTE Omega Ratio Rank: 71
NXTE Calmar Ratio Rank: 86
NXTE Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DWLD vs. NXTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Davis Select Worldwide ETF (DWLD) and Axs Green Alpha ETF (NXTE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DWLD	NXTE	Difference
Sharpe ratio: Return per unit of total volatility	1.51	2.63	-1.12
Sortino ratio: Return per unit of downside risk	2.13	3.45	-1.32
Omega ratio: Gain probability vs. loss probability	1.27	1.42	-0.15
Calmar ratio: Return relative to maximum drawdown	1.98	4.72	-2.74
Martin ratio: Return relative to average drawdown	6.83	15.12	-8.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DWLD vs. NXTE - Sharpe Ratio Comparison

The current DWLD Sharpe Ratio is 1.51, which is lower than the NXTE Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of DWLD and NXTE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DWLD	NXTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	2.63	-1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.67	-0.14

Drawdowns

DWLD vs. NXTE - Drawdown Comparison

The maximum DWLD drawdown since its inception was -39.27%, which is greater than NXTE's maximum drawdown of -28.64%. Use the drawdown chart below to compare losses from any high point for DWLD and NXTE.

Drawdown Indicators

	DWLD	NXTE	Difference
Max Drawdown Largest peak-to-trough decline	-39.27%	-28.64%	-10.63%
Max Drawdown (1Y) Largest decline over 1 year	-11.27%	-13.68%	+2.41%
Max Drawdown (3Y) Largest decline over 3 years	-16.01%	-27.24%	+11.23%
Max Drawdown (5Y) Largest decline over 5 years	-36.75%	—	—
Current Drawdown Current decline from peak	-1.70%	-0.62%	-1.08%
Average Drawdown Average peak-to-trough decline	-11.35%	-7.88%	-3.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	4.26%	-1.00%

Volatility

DWLD vs. NXTE - Volatility Comparison

The current volatility for Davis Select Worldwide ETF (DWLD) is 4.81%, while Axs Green Alpha ETF (NXTE) has a volatility of 9.27%. This indicates that DWLD experiences smaller price fluctuations and is considered to be less risky than NXTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DWLD	NXTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.81%	9.27%	-4.46%
Volatility (6M) Calculated over the trailing 6-month period	11.09%	19.29%	-8.20%
Volatility (1Y) Calculated over the trailing 1-year period	14.79%	24.53%	-9.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.66%	25.99%	-5.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.22%	25.99%	-4.77%

DWLD vs. NXTE - Expense Ratio Comparison

DWLD has a 0.63% expense ratio, which is lower than NXTE's 1.00% expense ratio.

Dividends

DWLD vs. NXTE - Dividend Comparison

DWLD's dividend yield for the trailing twelve months is around 1.52%, more than NXTE's 0.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DWLD Davis Select Worldwide ETF	1.52%	1.56%	1.45%	1.23%	0.75%	1.03%	0.24%	2.27%	4.11%	0.20%
NXTE Axs Green Alpha ETF	0.37%	0.36%	0.52%	0.76%	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DWLD and NXTE in my portfolio?

DWLD and NXTE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DWLD or NXTE?

NXTE has higher volatility (9.27%) compared to DWLD (4.81%). In terms of maximum drawdown, DWLD dropped -39.27% vs NXTE's -28.64%.

Which ETF is better, DWLD or NXTE?

On 3-year performance, DWLD leads with 21.79% vs 18.63% for NXTE. On fees, DWLD is cheaper at 0.63% per year. On volatility, DWLD has been the lower-risk option at 4.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DWLD or NXTE?

Over the 3-year period, DWLD has performed better with a 21.79% return vs 18.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DWLD or NXTE?

DWLD is cheaper with a 0.63% expense ratio, compared with 1.00% for NXTE.

Which ETF pays a higher dividend yield, DWLD or NXTE?

DWLD has the higher dividend yield at 1.52%, compared with 0.37% for NXTE.

What is the main difference between DWLD and NXTE?

They also come from different issuers: Davis Advisers and AXS. Their fees differ too: 0.63% for DWLD and 1.00% for NXTE.

Which has better risk-adjusted returns?

NXTE currently has the higher Sharpe Ratio (2.63 vs 1.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.