IGTR vs. NXTE

Last updated Jun 26, 2026

IGTR (Innovator Gradient Tactical Rotation Strategy ETF) and NXTE (Axs Green Alpha ETF) are both Global Equities funds. Both are actively managed. Over the past 3 years, IGTR returned 17.51%/yr vs 19.93%/yr for NXTE. A 0.72 correlation means they provide meaningful diversification when combined. IGTR charges 0.80%/yr vs 1.00%/yr for NXTE.

Performance

IGTR vs. NXTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Gradient Tactical Rotation Strategy ETF (IGTR) 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, IGTR achieves a 22.60% return, which is significantly lower than NXTE's 36.99% return.

IGTR

• 1D: 4.09%
• 1M: 5.35%
• YTD: 22.60%
• 6M: 21.87%
• 1Y: 43.77%
• 3Y*: 17.51%
• 5Y*: —
• 10Y*: —

NXTE

• 1D: 3.00%
• 1M: 5.67%
• YTD: 36.99%
• 6M: 35.15%
• 1Y: 57.38%
• 3Y*: 19.93%
• 5Y*: —
• 10Y*: —

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

IGTR vs. NXTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IGTR Innovator Gradient Tactical Rotation Strategy ETF	22.60%	15.25%	4.02%	-0.31%	-2.18%
NXTE Axs Green Alpha ETF	36.99%	21.84%	-3.42%	13.85%	-11.06%

Correlation

The correlation between IGTR and NXTE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (All Time) Calculated using the full available price history since Nov 17, 2022	0.72

The correlation between IGTR and NXTE has been stable across timeframes, ranging from 0.72 to 0.82 - a consistent structural relationship.

IGTR vs. NXTE - Sectors Allocation Comparison

Sectors	IGTR	NXTE
Technology	46.5%	53.6%
Industrials	14.9%	15.7%
Consumer Cyclical	12.8%	3.7%
Financial Services	12.5%	1.3%
Healthcare	5.0%	10.0%
Communication Services	2.6%	1.6%
Basic Materials	2.4%	0.5%
Utilities	2.4%	2.1%
Energy	1.7%	-
Consumer Defensive	0.9%	1.8%
Real Estate	0.4%	10.1%

Return for Risk

IGTR vs. NXTE — Risk / Return Rank

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

IGTR

IGTR Risk / Return Rank: 65
IGTR Sharpe Ratio Rank: 56
IGTR Sortino Ratio Rank: 50
IGTR Omega Ratio Rank: 64
IGTR Calmar Ratio Rank: 80
IGTR Martin Ratio Rank: 76

NXTE

NXTE Risk / Return Rank: 74
NXTE Sharpe Ratio Rank: 74
NXTE Sortino Ratio Rank: 67
NXTE Omega Ratio Rank: 67
NXTE Calmar Ratio Rank: 86
NXTE Martin Ratio Rank: 77

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.

IGTR vs. NXTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Gradient Tactical Rotation Strategy ETF (IGTR) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IGTR	NXTE	Difference
Sharpe ratio: Return per unit of total volatility	1.68	2.08	-0.40
Sortino ratio: Return per unit of downside risk	2.20	2.71	-0.51
Omega ratio: Gain probability vs. loss probability	1.34	1.35	-0.01
Calmar ratio: Return relative to maximum drawdown	3.71	4.22	-0.50
Martin ratio: Return relative to average drawdown	12.57	12.96	-0.39

IGTR vs. NXTE - Sharpe Ratio Comparison

The current IGTR Sharpe Ratio is 1.68, which is comparable to the NXTE Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of IGTR 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.

Drawdowns

IGTR vs. NXTE - Drawdown Comparison

The maximum IGTR drawdown since its inception was -20.06%, smaller than the maximum NXTE drawdown of -28.64%. Use the drawdown chart below to compare losses from any high point for IGTR and NXTE.

Drawdown Indicators

	IGTR	NXTE	Difference
Max Drawdown Largest peak-to-trough decline	-20.06%	-28.64%	+8.58%
Max Drawdown (1Y) Largest decline over 1 year	-11.85%	-13.68%	+1.83%
Max Drawdown (3Y) Largest decline over 3 years	-20.06%	-27.24%	+7.18%
Current Drawdown Current decline from peak	-5.48%	-2.92%	-2.56%
Average Drawdown Average peak-to-trough decline	-6.93%	-7.82%	+0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	4.44%	-0.95%

Volatility

IGTR vs. NXTE - Volatility Comparison

Innovator Gradient Tactical Rotation Strategy ETF (IGTR) has a higher volatility of 18.69% compared to Axs Green Alpha ETF (NXTE) at 14.47%. This indicates that IGTR's price experiences larger fluctuations and is considered to be riskier than NXTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGTR	NXTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.69%	14.47%	+4.22%
Volatility (6M) Calculated over the trailing 6-month period	22.82%	23.36%	-0.54%
Volatility (1Y) Calculated over the trailing 1-year period	26.19%	27.79%	-1.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.17%	26.72%	-7.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.17%	26.72%	-7.55%

IGTR vs. NXTE - Expense Ratio Comparison

IGTR has a 0.80% expense ratio, which is lower than NXTE's 1.00% expense ratio.

Dividends

IGTR vs. NXTE - Dividend Comparison

IGTR's dividend yield for the trailing twelve months is around 0.65%, more than NXTE's 0.48% yield.

Position	TTM	2025	2024	2023	2022
IGTR Innovator Gradient Tactical Rotation Strategy ETF	0.65%	0.80%	2.40%	0.87%	0.31%
NXTE Axs Green Alpha ETF	0.48%	0.36%	0.52%	0.76%	0.13%

Frequently Asked Questions

Can I hold both IGTR and NXTE in my portfolio?

IGTR and NXTE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGTR or NXTE?

IGTR has higher volatility (18.69%) compared to NXTE (14.47%). In terms of maximum drawdown, IGTR dropped -20.06% vs NXTE's -28.64%.

Which ETF is better, IGTR or NXTE?

On 3-year performance, NXTE leads with 19.93% vs 17.51% for IGTR. On fees, IGTR is cheaper at 0.80% per year. On volatility, NXTE has been the lower-risk option at 14.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGTR or NXTE?

Over the 3-year period, NXTE has performed better with a 19.93% return vs 17.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGTR or NXTE?

IGTR is cheaper with a 0.80% expense ratio, compared with 1.00% for NXTE.

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

IGTR has the higher dividend yield at 0.65%, compared with 0.48% for NXTE.

What is the main difference between IGTR and NXTE?

They also come from different issuers: Innovator and AXS. Their fees differ too: 0.80% for IGTR and 1.00% for NXTE.

Which has better risk-adjusted returns?

NXTE currently has the higher Sharpe Ratio (2.08 vs 1.68), 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.