NMBL vs. ALTY
NMBL (NovaTide Flexible Allocation ETF) and ALTY (Global X Alternative Income ETF) are both Global Allocation funds. NMBL is actively managed, while ALTY is passively managed. A 0.73 correlation means they provide meaningful diversification when combined. NMBL charges 1.99%/yr vs 0.50%/yr for ALTY.
Performance
NMBL vs. ALTY - Performance Comparison
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Returns By Period
In the year-to-date period, NMBL achieves a 2.87% return, which is significantly lower than ALTY's 6.37% return.
NMBL
- 1D
- -0.49%
- 1M
- -1.44%
- YTD
- 2.87%
- 6M
- 1.88%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ALTY
- 1D
- -0.07%
- 1M
- -0.07%
- YTD
- 6.37%
- 6M
- 6.19%
- 1Y
- 14.26%
- 3Y*
- 11.71%
- 5Y*
- 5.45%
- 10Y*
- 6.15%
NMBL vs. ALTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NMBL NovaTide Flexible Allocation ETF | 2.87% | -0.27% |
ALTY Global X Alternative Income ETF | 6.37% | 2.18% |
Correlation
The correlation between NMBL and ALTY is 0.73, 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 Oct 31, 2025 | 0.73 |
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Return for Risk
NMBL vs. ALTY — Risk / Return Rank
NMBL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ALTY
NMBL vs. ALTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NovaTide Flexible Allocation ETF (NMBL) and Global X Alternative Income ETF (ALTY). 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.
| NMBL | ALTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.47 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.30 | — |
| Martin ratioReturn relative to average drawdown | — | 15.20 | — |
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Drawdowns
NMBL vs. ALTY - Drawdown Comparison
The maximum NMBL drawdown since its inception was -8.05%, smaller than the maximum ALTY drawdown of -51.47%. Use the drawdown chart below to compare losses from any high point for NMBL and ALTY.
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Drawdown Indicators
| NMBL | ALTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.05% | -51.47% | +43.42% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.34% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.47% | — |
Current DrawdownCurrent decline from peak | -4.40% | -0.40% | -4.00% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -6.71% | +4.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.94% | — |
Volatility
NMBL vs. ALTY - Volatility Comparison
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Volatility by Period
| NMBL | ALTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.55% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.54% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.43% | 5.89% | +7.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.43% | 10.57% | +2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.43% | 16.55% | -3.12% |
NMBL vs. ALTY - Expense Ratio Comparison
NMBL has a 1.99% expense ratio, which is higher than ALTY's 0.50% expense ratio.
Dividends
NMBL vs. ALTY - Dividend Comparison
NMBL's dividend yield for the trailing twelve months is around 0.90%, less than ALTY's 7.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALTY Global X Alternative Income ETF | 7.46% | 7.50% | 7.88% | 7.31% | 7.66% | 6.88% | 9.20% | 8.74% | 8.49% | 7.52% | 8.20% | 4.21% |
NMBL NovaTide Flexible Allocation ETF | 0.90% | 0.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NMBL and ALTY have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ALTY is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ALTY is cheaper with a 0.50% expense ratio, compared with 1.99% for NMBL.
ALTY has the higher dividend yield at 7.46%, compared with 0.90% for NMBL.
They also come from different issuers: NovaTide and Global X. Their fees differ too: 1.99% for NMBL and 0.50% for ALTY.
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