INFL vs. NXTE

Last updated Jun 5, 2026

INFL (Horizon Kinetics Inflation Beneficiaries ETF) and NXTE (Axs Green Alpha ETF) are both Global Equities funds. Both are actively managed. Over the past 3 years, INFL returned 22.33%/yr vs 18.45%/yr for NXTE. A 0.57 correlation means they provide meaningful diversification when combined. INFL charges 0.85%/yr vs 1.00%/yr for NXTE.

Performance

INFL vs. NXTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Kinetics Inflation Beneficiaries ETF (INFL) 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, INFL achieves a 18.15% return, which is significantly lower than NXTE's 35.18% return.

INFL

• 1D: 0.81%
• 1M: -0.87%
• YTD: 18.15%
• 6M: 18.37%
• 1Y: 24.99%
• 3Y*: 22.33%
• 5Y*: 13.31%
• 10Y*: —

NXTE

• 1D: -0.69%
• 1M: 14.44%
• YTD: 35.18%
• 6M: 33.52%
• 1Y: 62.19%
• 3Y*: 18.45%
• 5Y*: —
• 10Y*: —

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

INFL vs. NXTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
INFL Horizon Kinetics Inflation Beneficiaries ETF	18.15%	18.30%	23.34%	1.62%	13.45%
NXTE Axs Green Alpha ETF	35.18%	21.84%	-3.42%	13.85%	-1.33%

Correlation

The correlation between INFL and NXTE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022	0.57

The correlation between INFL and NXTE shifts across timeframes, from 0.40 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.

INFL vs. NXTE - Sectors Allocation Comparison

Sectors	INFL	NXTE
Energy	40.5%	-
Financial Services	21.1%	1.5%
Basic Materials	20.0%	0.5%
Utilities	2.9%	2.2%
Consumer Defensive	2.4%	2.1%
Industrials	1.8%	17.6%
Healthcare	1.2%	11.3%
Real Estate	1.1%	10.9%
Communication Services	0.3%	1.9%
Consumer Cyclical	-	4.1%
Technology	-	48.5%

Return for Risk

INFL vs. NXTE — Risk / Return Rank

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

INFL

INFL Risk / Return Rank: 49
INFL Sharpe Ratio Rank: 47
INFL Sortino Ratio Rank: 43
INFL Omega Ratio Rank: 46
INFL Calmar Ratio Rank: 62
INFL Martin Ratio Rank: 49

NXTE

NXTE Risk / Return Rank: 78
NXTE Sharpe Ratio Rank: 80
NXTE Sortino Ratio Rank: 76
NXTE Omega Ratio Rank: 70
NXTE Calmar Ratio Rank: 85
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.

INFL vs. NXTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Inflation Beneficiaries ETF (INFL) 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.

	INFL	NXTE	Difference
Sharpe ratio: Return per unit of total volatility	1.62	2.55	-0.93
Sortino ratio: Return per unit of downside risk	2.13	3.36	-1.23
Omega ratio: Gain probability vs. loss probability	1.29	1.41	-0.12
Calmar ratio: Return relative to maximum drawdown	3.00	4.57	-1.57
Martin ratio: Return relative to average drawdown	8.16	14.64	-6.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INFL vs. NXTE - Sharpe Ratio Comparison

The current INFL Sharpe Ratio is 1.62, which is lower than the NXTE Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of INFL 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

	INFL	NXTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	2.55	-0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.66	+0.26

Drawdowns

INFL vs. NXTE - Drawdown Comparison

The maximum INFL drawdown since its inception was -21.30%, smaller than the maximum NXTE drawdown of -28.64%. Use the drawdown chart below to compare losses from any high point for INFL and NXTE.

Drawdown Indicators

	INFL	NXTE	Difference
Max Drawdown Largest peak-to-trough decline	-21.30%	-28.64%	+7.34%
Max Drawdown (1Y) Largest decline over 1 year	-8.36%	-13.68%	+5.32%
Max Drawdown (3Y) Largest decline over 3 years	-15.56%	-27.24%	+11.68%
Max Drawdown (5Y) Largest decline over 5 years	-21.30%	—	—
Current Drawdown Current decline from peak	-4.75%	-1.30%	-3.45%
Average Drawdown Average peak-to-trough decline	-5.10%	-7.87%	+2.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	4.26%	-1.19%

Volatility

INFL vs. NXTE - Volatility Comparison

The current volatility for Horizon Kinetics Inflation Beneficiaries ETF (INFL) is 3.71%, while Axs Green Alpha ETF (NXTE) has a volatility of 9.29%. This indicates that INFL 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

	INFL	NXTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.71%	9.29%	-5.58%
Volatility (6M) Calculated over the trailing 6-month period	12.29%	19.31%	-7.02%
Volatility (1Y) Calculated over the trailing 1-year period	15.54%	24.52%	-8.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.71%	25.98%	-8.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.64%	25.98%	-8.34%

INFL vs. NXTE - Expense Ratio Comparison

INFL has a 0.85% expense ratio, which is lower than NXTE's 1.00% expense ratio.

Dividends

INFL vs. NXTE - Dividend Comparison

INFL's dividend yield for the trailing twelve months is around 0.90%, more than NXTE's 0.37% yield.

Position	TTM	2025	2024	2023	2022	2021
INFL Horizon Kinetics Inflation Beneficiaries ETF	0.90%	1.26%	1.77%	1.60%	1.65%	0.91%
NXTE Axs Green Alpha ETF	0.37%	0.36%	0.52%	0.76%	0.13%	0.00%

Frequently Asked Questions

Can I hold both INFL and NXTE in my portfolio?

INFL and NXTE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INFL or NXTE?

NXTE has higher volatility (9.29%) compared to INFL (3.71%). In terms of maximum drawdown, INFL dropped -21.30% vs NXTE's -28.64%.

Which ETF is better, INFL or NXTE?

On 3-year performance, INFL leads with 22.33% vs 18.45% for NXTE. On fees, INFL is cheaper at 0.85% per year. On volatility, INFL has been the lower-risk option at 3.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INFL or NXTE?

Over the 3-year period, INFL has performed better with a 22.33% return vs 18.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INFL or NXTE?

INFL is cheaper with a 0.85% expense ratio, compared with 1.00% for NXTE.

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

INFL has the higher dividend yield at 0.90%, compared with 0.37% for NXTE.

What is the main difference between INFL and NXTE?

They also come from different issuers: Horizon Kinetics LLC and AXS. Their fees differ too: 0.85% for INFL and 1.00% for NXTE.

Which has better risk-adjusted returns?

NXTE currently has the higher Sharpe Ratio (2.55 vs 1.62), 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.