NACP vs. XTR
Compare and contrast key facts about Impact Shares NAACP Minority Empowerment ETF (NACP) and Global X S&P 500 Tail Risk ETF (XTR).
NACP and XTR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NACP is a passively managed fund by Impact Shares that tracks the performance of the Morningstar Minority Empowerment Index. It was launched on Jul 18, 2018. XTR is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 Tail Risk Index. It was launched on Aug 25, 2021. Both NACP and XTR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NACP or XTR.
Key characteristics
| NACP | XTR | |
|---|---|---|
| YTD Return | 27.12% | 24.20% |
| 1Y Return | 37.38% | 34.17% |
| 3Y Return (Ann) | 8.60% | 7.77% |
| Sharpe Ratio | 2.94 | 3.03 |
| Sortino Ratio | 4.01 | 4.21 |
| Omega Ratio | 1.56 | 1.56 |
| Calmar Ratio | 4.29 | 4.13 |
| Martin Ratio | 18.87 | 19.04 |
| Ulcer Index | 1.98% | 1.79% |
| Daily Std Dev | 12.73% | 11.25% |
| Max Drawdown | -30.96% | -20.83% |
| Current Drawdown | -0.42% | -0.99% |
Correlation
The correlation between NACP and XTR is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NACP vs. XTR - Performance Comparison
In the year-to-date period, NACP achieves a 27.12% return, which is significantly higher than XTR's 24.20% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NACP vs. XTR - Expense Ratio Comparison
NACP has a 0.49% expense ratio, which is lower than XTR's 0.60% expense ratio.
Risk-Adjusted Performance
NACP vs. XTR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Impact Shares NAACP Minority Empowerment ETF (NACP) and Global X S&P 500 Tail Risk ETF (XTR). 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.
Dividends
NACP vs. XTR - Dividend Comparison
NACP's dividend yield for the trailing twelve months is around 1.01%, less than XTR's 1.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
NACP Impact Shares NAACP Minority Empowerment ETF | 1.01% | 1.28% | 3.48% | 3.07% | 1.48% | 1.20% | 0.76% |
XTR Global X S&P 500 Tail Risk ETF | 1.08% | 1.09% | 1.09% | 2.32% | 0.00% | 0.00% | 0.00% |
Drawdowns
NACP vs. XTR - Drawdown Comparison
The maximum NACP drawdown since its inception was -30.96%, which is greater than XTR's maximum drawdown of -20.83%. Use the drawdown chart below to compare losses from any high point for NACP and XTR. For additional features, visit the drawdowns tool.
Volatility
NACP vs. XTR - Volatility Comparison
Impact Shares NAACP Minority Empowerment ETF (NACP) has a higher volatility of 4.21% compared to Global X S&P 500 Tail Risk ETF (XTR) at 3.86%. This indicates that NACP's price experiences larger fluctuations and is considered to be riskier than XTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.