NIKL vs. GXPE
NIKL (Sprott Nickel Miners ETF) and GXPE (Global X PureCap MSCI Energy ETF) are both Energy Equities funds - NIKL tracks the Nasdaq Sprott Nickel Miners Index - Benchmark TR Gross while GXPE tracks the MSCI USA Energy PureCap Index. Both are passively managed. At a correlation of -0.02, they often move in opposite directions. NIKL charges 0.75%/yr vs 0.15%/yr for GXPE.
Performance
NIKL vs. GXPE - Performance Comparison
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Returns By Period
In the year-to-date period, NIKL achieves a -17.80% return, which is significantly lower than GXPE's 21.32% return.
NIKL
- 1D
- -0.98%
- 1M
- -16.79%
- YTD
- -17.80%
- 6M
- -16.85%
- 1Y
- 23.02%
- 3Y*
- -8.44%
- 5Y*
- —
- 10Y*
- —
GXPE
- 1D
- 0.89%
- 1M
- -6.09%
- YTD
- 21.32%
- 6M
- 22.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NIKL vs. GXPE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NIKL Sprott Nickel Miners ETF | -17.80% | 28.11% |
GXPE Global X PureCap MSCI Energy ETF | 21.32% | 4.62% |
Correlation
The correlation between NIKL and GXPE is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | -0.02 |
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Return for Risk
NIKL vs. GXPE — Risk / Return Rank
NIKL
GXPE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NIKL vs. GXPE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Nickel Miners ETF (NIKL) and Global X PureCap MSCI Energy ETF (GXPE). 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.
| NIKL | GXPE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.12 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | — | — |
| Martin ratioReturn relative to average drawdown | 1.58 | — | — |
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Drawdowns
NIKL vs. GXPE - Drawdown Comparison
The maximum NIKL drawdown since its inception was -60.23%, which is greater than GXPE's maximum drawdown of -14.89%. Use the drawdown chart below to compare losses from any high point for NIKL and GXPE.
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Drawdown Indicators
| NIKL | GXPE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.23% | -14.89% | -45.34% |
Max Drawdown (1Y)Largest decline over 1 year | -37.20% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -60.23% | — | — |
Current DrawdownCurrent decline from peak | -37.20% | -13.88% | -23.32% |
Average DrawdownAverage peak-to-trough decline | -26.67% | -3.71% | -22.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.60% | — | — |
Volatility
NIKL vs. GXPE - Volatility Comparison
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Volatility by Period
| NIKL | GXPE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.42% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 36.74% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 43.02% | 20.71% | +22.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.98% | 20.71% | +12.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.98% | 20.71% | +12.27% |
NIKL vs. GXPE - Expense Ratio Comparison
NIKL has a 0.75% expense ratio, which is higher than GXPE's 0.15% expense ratio.
Dividends
NIKL vs. GXPE - Dividend Comparison
NIKL's dividend yield for the trailing twelve months is around 3.07%, more than GXPE's 0.99% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GXPE Global X PureCap MSCI Energy ETF | 0.99% | 1.20% | 0.00% | 0.00% |
NIKL Sprott Nickel Miners ETF | 3.07% | 2.53% | 3.49% | 19.52% |
Frequently Asked Questions
NIKL and GXPE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GXPE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXPE is cheaper with a 0.15% expense ratio, compared with 0.75% for NIKL.
NIKL has the higher dividend yield at 3.07%, compared with 0.99% for GXPE.
NIKL tracks Nasdaq Sprott Nickel Miners Index - Benchmark TR Gross, while GXPE tracks MSCI USA Energy PureCap Index. They also come from different issuers: Sprott and Global X. Their fees differ too: 0.75% for NIKL and 0.15% for GXPE.
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