NMBL vs. FARX

Last updated Jun 4, 2026

NMBL (NovaTide Flexible Allocation ETF) and FARX (Frontier Asset Absolute Return ETF) are both exchange-traded funds - NMBL is a Global Allocation fund actively managed by NovaTide, while FARX is a Multistrategy fund actively managed by Frontier. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. NMBL charges 1.99%/yr vs 1.00%/yr for FARX.

Performance

NMBL vs. FARX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NovaTide Flexible Allocation ETF (NMBL) and Frontier Asset Absolute Return ETF (FARX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NMBL achieves a 5.30% return, which is significantly lower than FARX's 9.60% return.

NMBL

• 1D: -1.07%
• 1M: 0.88%
• YTD: 5.30%
• 6M: 5.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FARX

• 1D: -0.14%
• 1M: 1.27%
• YTD: 9.60%
• 6M: 10.73%
• 1Y: 20.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NMBL vs. FARX - Yearly Performance Comparison

	2026 (YTD)	2025
NMBL NovaTide Flexible Allocation ETF	5.30%	-0.27%
FARX Frontier Asset Absolute Return ETF	9.60%	2.12%

Correlation

The correlation between NMBL and FARX is 0.59, 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 Nov 3, 2025	0.59

Return for Risk

NMBL vs. FARX — Risk / Return Rank

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

FARX

FARX Risk / Return Rank: 90
FARX Sharpe Ratio Rank: 87
FARX Sortino Ratio Rank: 87
FARX Omega Ratio Rank: 90
FARX Calmar Ratio Rank: 94
FARX Martin Ratio Rank: 93

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.

NMBL vs. FARX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NovaTide Flexible Allocation ETF (NMBL) and Frontier Asset Absolute Return ETF (FARX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NMBL	FARX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	2.12	-1.37

Drawdowns

NMBL vs. FARX - Drawdown Comparison

The maximum NMBL drawdown since its inception was -8.05%, which is greater than FARX's maximum drawdown of -5.83%. Use the drawdown chart below to compare losses from any high point for NMBL and FARX.

Drawdown Indicators

	NMBL	FARX	Difference
Max Drawdown Largest peak-to-trough decline	-8.05%	-5.83%	-2.22%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.80%	—
Current Drawdown Current decline from peak	-1.36%	-0.30%	-1.06%
Average Drawdown Average peak-to-trough decline	-1.93%	-1.02%	-0.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.81%	—

Volatility

Volatility by Period

	NMBL	FARX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.91%	6.96%	+4.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.91%	6.94%	+4.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.91%	6.94%	+4.97%

NMBL vs. FARX - Expense Ratio Comparison

NMBL has a 1.99% expense ratio, which is higher than FARX's 1.00% expense ratio.

Dividends

NMBL vs. FARX - Dividend Comparison

NMBL's dividend yield for the trailing twelve months is around 0.88%, less than FARX's 2.89% yield.

Position	TTM	2025	2024
FARX Frontier Asset Absolute Return ETF	2.89%	3.25%	0.19%
NMBL NovaTide Flexible Allocation ETF	0.88%	0.93%	0.00%

Frequently Asked Questions

Can I hold both NMBL and FARX in my portfolio?

NMBL and FARX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NMBL or FARX?

On fees, FARX is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NMBL or FARX?

FARX is cheaper with a 1.00% expense ratio, compared with 1.99% for NMBL.

Which ETF pays a higher dividend yield, NMBL or FARX?

FARX has the higher dividend yield at 2.89%, compared with 0.88% for NMBL.

What is the main difference between NMBL and FARX?

NMBL is categorized as Global Allocation, while FARX is Multistrategy. They also come from different issuers: NovaTide and Frontier. Their fees differ too: 1.99% for NMBL and 1.00% for FARX.