NMBL vs. KEAT

Last updated Jun 4, 2026

NMBL (NovaTide Flexible Allocation ETF) and KEAT (Keating Active ETF) are both Global Allocation funds. Both are actively managed. At a 0.50 correlation, their price movements are largely independent. NMBL charges 1.99%/yr vs 0.85%/yr for KEAT.

Performance

NMBL vs. KEAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NovaTide Flexible Allocation ETF (NMBL) and Keating Active ETF (KEAT). 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 KEAT's 9.05% return.

NMBL

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

KEAT

• 1D: -0.72%
• 1M: -1.47%
• YTD: 9.05%
• 6M: 9.91%
• 1Y: 24.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NMBL vs. KEAT - Yearly Performance Comparison

	2026 (YTD)	2025
NMBL NovaTide Flexible Allocation ETF	5.30%	-0.27%
KEAT Keating Active ETF	9.05%	5.13%

Correlation

The correlation between NMBL and KEAT is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 3, 2025	0.50

Return for Risk

NMBL vs. KEAT — Risk / Return Rank

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

KEAT

KEAT Risk / Return Rank: 73
KEAT Sharpe Ratio Rank: 75
KEAT Sortino Ratio Rank: 73
KEAT Omega Ratio Rank: 73
KEAT Calmar Ratio Rank: 80
KEAT Martin Ratio Rank: 63

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. KEAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NovaTide Flexible Allocation ETF (NMBL) and Keating Active ETF (KEAT). 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	KEAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	1.52	-0.78

Drawdowns

NMBL vs. KEAT - Drawdown Comparison

The maximum NMBL drawdown since its inception was -8.05%, which is greater than KEAT's maximum drawdown of -7.45%. Use the drawdown chart below to compare losses from any high point for NMBL and KEAT.

Drawdown Indicators

	NMBL	KEAT	Difference
Max Drawdown Largest peak-to-trough decline	-8.05%	-7.45%	-0.60%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.04%	—
Current Drawdown Current decline from peak	-1.36%	-5.92%	+4.56%
Average Drawdown Average peak-to-trough decline	-1.93%	-1.57%	-0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.20%	—

Volatility

Volatility by Period

	NMBL	KEAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.91%	10.25%	+1.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.91%	10.27%	+1.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.91%	10.27%	+1.64%

NMBL vs. KEAT - Expense Ratio Comparison

NMBL has a 1.99% expense ratio, which is higher than KEAT's 0.85% expense ratio.

Dividends

NMBL vs. KEAT - Dividend Comparison

NMBL's dividend yield for the trailing twelve months is around 0.88%, less than KEAT's 2.25% yield.

Position	TTM	2025	2024
KEAT Keating Active ETF	2.25%	2.48%	1.72%
NMBL NovaTide Flexible Allocation ETF	0.88%	0.93%	0.00%

Frequently Asked Questions

Can I hold both NMBL and KEAT in my portfolio?

NMBL and KEAT have a correlation of 0.50, 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 KEAT?

On fees, KEAT is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NMBL or KEAT?

KEAT is cheaper with a 0.85% expense ratio, compared with 1.99% for NMBL.

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

KEAT has the higher dividend yield at 2.25%, compared with 0.88% for NMBL.

What is the main difference between NMBL and KEAT?

They also come from different issuers: NovaTide and Keating. Their fees differ too: 1.99% for NMBL and 0.85% for KEAT.