NXG.AX vs. XDTE
NXG.AX (NexGen Energy Ltd.) is a stock, while XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) is Derivative Income fund actively managed by Roundhill. Over the past year, NXG.AX returned 61.48% vs 13.79% for XDTE. At a 0.10 correlation, their price movements are largely independent.
Performance
NXG.AX vs. XDTE - Performance Comparison
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Different Trading Currencies
NXG.AX is traded in AUD, while XDTE is traded in USD. To make them comparable, the XDTE values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NXG.AX achieves a 14.07% return, which is significantly higher than XDTE's 0.72% return.
NXG.AX
- 1D
- -6.93%
- 1M
- -3.91%
- YTD
- 14.07%
- 6M
- 7.69%
- 1Y
- 61.48%
- 3Y*
- 33.58%
- 5Y*
- —
- 10Y*
- —
XDTE
- 1D
- -1.33%
- 1M
- 2.58%
- YTD
- 0.72%
- 6M
- -0.04%
- 1Y
- 13.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NXG.AX vs. XDTE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NXG.AX NexGen Energy Ltd. | 14.07% | 29.51% | -9.92% |
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF | 0.72% | 4.43% | 24.49% |
Correlation
The correlation between NXG.AX and XDTE is 0.05, 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 (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024 | 0.10 |
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Return for Risk
NXG.AX vs. XDTE — Risk / Return Rank
NXG.AX
XDTE
NXG.AX vs. XDTE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NexGen Energy Ltd. (NXG.AX) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). 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.
| NXG.AX | XDTE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.27 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 1.46 | +1.10 |
| Martin ratioReturn relative to average drawdown | 5.85 | 3.97 | +1.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NXG.AX | XDTE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 1.43 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.97 | -0.63 |
Drawdowns
NXG.AX vs. XDTE - Drawdown Comparison
The maximum NXG.AX drawdown since its inception was -51.60%, which is greater than XDTE's maximum drawdown of -20.85%. Use the drawdown chart below to compare losses from any high point for NXG.AX and XDTE.
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Drawdown Indicators
| NXG.AX | XDTE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.60% | -20.85% | -30.75% |
Max Drawdown (1Y)Largest decline over 1 year | -23.87% | -9.48% | -14.39% |
Max Drawdown (3Y)Largest decline over 3 years | -51.60% | — | — |
Current DrawdownCurrent decline from peak | -18.19% | -1.33% | -16.86% |
Average DrawdownAverage peak-to-trough decline | -19.89% | -3.37% | -16.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.51% | 3.48% | +7.03% |
Volatility
NXG.AX vs. XDTE - Volatility Comparison
NexGen Energy Ltd. (NXG.AX) has a higher volatility of 16.67% compared to Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) at 2.17%. This indicates that NXG.AX's price experiences larger fluctuations and is considered to be riskier than XDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NXG.AX | XDTE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.67% | 2.17% | +14.50% |
Volatility (6M)Calculated over the trailing 6-month period | 38.22% | 7.38% | +30.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.66% | 9.69% | +41.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.05% | 13.22% | +42.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.05% | 13.22% | +42.83% |
Dividends
NXG.AX vs. XDTE - Dividend Comparison
NXG.AX has not paid dividends to shareholders, while XDTE's dividend yield for the trailing twelve months is around 33.78%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NXG.AX NexGen Energy Ltd. | 0.00% | 0.00% | 0.00% |
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF | 33.78% | 39.16% | 20.35% |
Frequently Asked Questions
NXG.AX and XDTE have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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