LEXI vs. ELM

Last updated Jun 6, 2026

LEXI (Alexis Practical Tactical ETF) and ELM (Elm Market Navigator ETF) are both Tactical Allocation funds. Both are actively managed. Over the past year, LEXI returned 27.43% vs 17.10% for ELM. Their correlation of 0.86 suggests significant overlap in exposure. LEXI charges 1.00%/yr vs 0.24%/yr for ELM.

Performance

LEXI vs. ELM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alexis Practical Tactical ETF (LEXI) and Elm Market Navigator ETF (ELM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LEXI achieves a 11.23% return, which is significantly higher than ELM's 5.42% return.

LEXI

• 1D: -2.01%
• 1M: 0.91%
• YTD: 11.23%
• 6M: 11.51%
• 1Y: 27.43%
• 3Y*: 19.54%
• 5Y*: —
• 10Y*: —

ELM

• 1D: -2.05%
• 1M: -1.12%
• YTD: 5.42%
• 6M: 6.04%
• 1Y: 17.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LEXI vs. ELM - Yearly Performance Comparison

	2026 (YTD)	2025
LEXI Alexis Practical Tactical ETF	11.23%	15.64%
ELM Elm Market Navigator ETF	5.42%	11.89%

Correlation

The correlation between LEXI and ELM is 0.89, 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	0.89
Correlation (All Time) Calculated using the full available price history since Feb 12, 2025	0.86

The correlation between LEXI and ELM has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

LEXI vs. ELM - Sectors Allocation Comparison

Sectors	LEXI	ELM
Technology	35.8%	22.0%
Industrials	13.9%	12.6%
Financial Services	12.8%	18.3%
Consumer Cyclical	9.8%	9.1%
Communication Services	7.3%	6.6%
Healthcare	6.6%	8.3%
Basic Materials	5.0%	5.4%
Consumer Defensive	3.2%	5.2%
Utilities	2.1%	3.0%
Energy	2.1%	4.8%
Real Estate	1.5%	4.7%

Return for Risk

LEXI vs. ELM — Risk / Return Rank

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

LEXI

LEXI Risk / Return Rank: 81
LEXI Sharpe Ratio Rank: 82
LEXI Sortino Ratio Rank: 84
LEXI Omega Ratio Rank: 82
LEXI Calmar Ratio Rank: 71
LEXI Martin Ratio Rank: 84

ELM

ELM Risk / Return Rank: 56
ELM Sharpe Ratio Rank: 57
ELM Sortino Ratio Rank: 56
ELM Omega Ratio Rank: 59
ELM Calmar Ratio Rank: 50
ELM Martin Ratio Rank: 57

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.

LEXI vs. ELM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alexis Practical Tactical ETF (LEXI) and Elm Market Navigator ETF (ELM). 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.

	LEXI	ELM	Difference
Sharpe ratio: Return per unit of total volatility	2.54	1.79	+0.75
Sortino ratio: Return per unit of downside risk	3.58	2.50	+1.09
Omega ratio: Gain probability vs. loss probability	1.47	1.34	+0.13
Calmar ratio: Return relative to maximum drawdown	3.39	2.28	+1.11
Martin ratio: Return relative to average drawdown	16.32	9.44	+6.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LEXI vs. ELM - Sharpe Ratio Comparison

The current LEXI Sharpe Ratio is 2.54, which is higher than the ELM Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of LEXI and ELM, 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

	LEXI	ELM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	1.79	+0.75
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	1.29	-0.54

Drawdowns

LEXI vs. ELM - Drawdown Comparison

The maximum LEXI drawdown since its inception was -22.01%, which is greater than ELM's maximum drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for LEXI and ELM.

Drawdown Indicators

	LEXI	ELM	Difference
Max Drawdown Largest peak-to-trough decline	-22.01%	-9.02%	-12.99%
Max Drawdown (1Y) Largest decline over 1 year	-8.12%	-7.52%	-0.60%
Max Drawdown (3Y) Largest decline over 3 years	-15.94%	—	—
Current Drawdown Current decline from peak	-2.01%	-2.55%	+0.54%
Average Drawdown Average peak-to-trough decline	-5.18%	-1.32%	-3.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	1.82%	-0.13%

Volatility

LEXI vs. ELM - Volatility Comparison

Alexis Practical Tactical ETF (LEXI) has a higher volatility of 3.37% compared to Elm Market Navigator ETF (ELM) at 3.08%. This indicates that LEXI's price experiences larger fluctuations and is considered to be riskier than ELM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LEXI	ELM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	3.08%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	9.05%	7.81%	+1.24%
Volatility (1Y) Calculated over the trailing 1-year period	10.85%	9.58%	+1.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.66%	10.40%	+4.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.66%	10.40%	+4.26%

LEXI vs. ELM - Expense Ratio Comparison

LEXI has a 1.00% expense ratio, which is higher than ELM's 0.24% expense ratio.

Dividends

LEXI vs. ELM - Dividend Comparison

LEXI's dividend yield for the trailing twelve months is around 0.85%, less than ELM's 2.57% yield.

Position	TTM	2025	2024	2023	2022	2021
ELM Elm Market Navigator ETF	2.57%	2.71%	0.00%	0.00%	0.00%	0.00%
LEXI Alexis Practical Tactical ETF	0.85%	0.94%	2.17%	1.34%	0.95%	0.23%

Frequently Asked Questions

Can I hold both LEXI and ELM in my portfolio?

LEXI and ELM have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LEXI or ELM?

LEXI has higher volatility (3.37%) compared to ELM (3.08%). In terms of maximum drawdown, LEXI dropped -22.01% vs ELM's -9.02%.

Which ETF is better, LEXI or ELM?

On 1-year performance, LEXI leads with 27.43% vs 17.10% for ELM. On fees, ELM is cheaper at 0.24% per year. On volatility, ELM has been the lower-risk option at 3.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LEXI or ELM?

Over the 1-year period, LEXI has performed better with a 27.43% return vs 17.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LEXI or ELM?

ELM is cheaper with a 0.24% expense ratio, compared with 1.00% for LEXI.

Which ETF pays a higher dividend yield, LEXI or ELM?

ELM has the higher dividend yield at 2.57%, compared with 0.85% for LEXI.

What is the main difference between LEXI and ELM?

They also come from different issuers: Alexis and Elm. Their fees differ too: 1.00% for LEXI and 0.24% for ELM.

Which has better risk-adjusted returns?

LEXI currently has the higher Sharpe Ratio (2.54 vs 1.79), 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.