MNVT vs. NXTE
MNVT (Moonvest ETF) and NXTE (Axs Green Alpha ETF) are both Global Equities funds. Both are actively managed. A 0.69 correlation means they provide meaningful diversification when combined. MNVT charges 0.75%/yr vs 1.00%/yr for NXTE.
Performance
MNVT vs. NXTE - Performance Comparison
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Returns By Period
MNVT
- 1D
- -0.18%
- 1M
- -14.18%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NXTE
- 1D
- -3.83%
- 1M
- 1.53%
- YTD
- 36.19%
- 6M
- 36.19%
- 1Y
- 55.04%
- 3Y*
- 18.00%
- 5Y*
- —
- 10Y*
- —
MNVT vs. NXTE - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MNVT Moonvest ETF | 19.73% |
NXTE Axs Green Alpha ETF | 28.63% |
Correlation
The correlation between MNVT and NXTE is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 18, 2026 | 0.69 |
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Return for Risk
MNVT vs. NXTE — Risk / Return Rank
MNVT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NXTE
MNVT vs. NXTE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Moonvest ETF (MNVT) 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.
| MNVT | NXTE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.04 | — |
| Martin ratioReturn relative to average drawdown | — | 12.38 | — |
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Drawdowns
MNVT vs. NXTE - Drawdown Comparison
The maximum MNVT drawdown since its inception was -18.41%, smaller than the maximum NXTE drawdown of -28.64%. Use the drawdown chart below to compare losses from any high point for MNVT and NXTE.
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Drawdown Indicators
| MNVT | NXTE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.41% | -28.64% | +10.23% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.68% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.24% | — |
Current DrawdownCurrent decline from peak | -14.18% | -3.83% | -10.35% |
Average DrawdownAverage peak-to-trough decline | -6.06% | -7.79% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.46% | — |
Volatility
MNVT vs. NXTE - Volatility Comparison
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Volatility by Period
| MNVT | NXTE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 15.47% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 24.05% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 47.37% | 28.34% | +19.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.37% | 26.83% | +20.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.37% | 26.83% | +20.54% |
MNVT vs. NXTE - Expense Ratio Comparison
MNVT has a 0.75% expense ratio, which is lower than NXTE's 1.00% expense ratio.
Dividends
MNVT vs. NXTE - Dividend Comparison
MNVT has not paid dividends to shareholders, while NXTE's dividend yield for the trailing twelve months is around 0.48%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
MNVT Moonvest ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NXTE Axs Green Alpha ETF | 0.48% | 0.36% | 0.52% | 0.76% | 0.13% |
Frequently Asked Questions
MNVT and NXTE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MNVT is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MNVT is cheaper with a 0.75% expense ratio, compared with 1.00% for NXTE.
NXTE has the higher dividend yield at 0.48%, compared with 0.00% for MNVT.
They also come from different issuers: Moonvest and AXS. Their fees differ too: 0.75% for MNVT and 1.00% for NXTE.
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