NMBL vs. PPI

Last updated Jun 4, 2026

NMBL (NovaTide Flexible Allocation ETF) and PPI (AXS Astoria Inflation Sensitive ETF) are both Global Allocation funds. Both are actively managed. At a correlation of -0.40, they often move in opposite directions. NMBL charges 1.99%/yr vs 0.76%/yr for PPI.

Performance

NMBL vs. PPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NovaTide Flexible Allocation ETF (NMBL) and AXS Astoria Inflation Sensitive ETF (PPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NMBL

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

PPI

• 1D: -0.13%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NMBL vs. PPI - Yearly Performance Comparison

	2026 (YTD)
NMBL NovaTide Flexible Allocation ETF	-0.60%
PPI AXS Astoria Inflation Sensitive ETF	-0.59%

Correlation

The correlation between NMBL and PPI is -0.40, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	-0.40

Return for Risk

NMBL vs. PPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NovaTide Flexible Allocation ETF (NMBL) and AXS Astoria Inflation Sensitive ETF (PPI). 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	PPI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	-2.74	+3.48

Drawdowns

NMBL vs. PPI - Drawdown Comparison

The maximum NMBL drawdown since its inception was -8.05%, which is greater than PPI's maximum drawdown of -1.46%. Use the drawdown chart below to compare losses from any high point for NMBL and PPI.

Drawdown Indicators

	NMBL	PPI	Difference
Max Drawdown Largest peak-to-trough decline	-8.05%	-1.46%	-6.59%
Current Drawdown Current decline from peak	-1.36%	-0.59%	-0.77%
Average Drawdown Average peak-to-trough decline	-1.93%	-0.79%	-1.14%

Volatility

Volatility by Period

	NMBL	PPI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.91%	13.05%	-1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.91%	13.05%	-1.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.91%	13.05%	-1.14%

NMBL vs. PPI - Expense Ratio Comparison

NMBL has a 1.99% expense ratio, which is higher than PPI's 0.76% expense ratio.

Dividends

NMBL vs. PPI - Dividend Comparison

NMBL's dividend yield for the trailing twelve months is around 0.88%, while PPI has not paid dividends to shareholders.

Position	TTM	2025
NMBL NovaTide Flexible Allocation ETF	0.88%	0.93%
PPI AXS Astoria Inflation Sensitive ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both NMBL and PPI in my portfolio?

NMBL and PPI have a correlation of -0.40, 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 PPI?

On fees, PPI is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NMBL or PPI?

PPI is cheaper with a 0.76% expense ratio, compared with 1.99% for NMBL.

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

NMBL has the higher dividend yield at 0.88%, compared with 0.00% for PPI.

What is the main difference between NMBL and PPI?

They also come from different issuers: NovaTide and AXS. Their fees differ too: 1.99% for NMBL and 0.76% for PPI.