NXTE vs. AKAF

Last updated Jul 15, 2026

NXTE (Axs Green Alpha ETF) and AKAF (The Frontier Economic Fund) are both Global Equities funds. NXTE is actively managed, while AKAF is passively managed. Over the past year, NXTE returned 39.47% vs 22.77% for AKAF. A 0.61 correlation means they provide meaningful diversification when combined. NXTE charges 1.00%/yr vs 0.20%/yr for AKAF.

Performance

NXTE vs. AKAF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Axs Green Alpha ETF (NXTE) and The Frontier Economic Fund (AKAF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NXTE achieves a 26.59% return, which is significantly higher than AKAF's 9.40% return.

NXTE

• 1D: 1.21%
• 1M: -3.05%
• 6M: 17.56%
• YTD: 26.59%
• 1Y: 39.47%
• 3Y*: 14.05%
• 5Y*: —
• 10Y*: —

AKAF

• 1D: -0.09%
• 1M: -2.79%
• 6M: 2.94%
• YTD: 9.40%
• 1Y: 22.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NXTE vs. AKAF - Yearly Performance Comparison

	2026 (YTD)	2025
NXTE Axs Green Alpha ETF	26.59%	14.88%
AKAF The Frontier Economic Fund	9.40%	17.17%

Correlation

The correlation between NXTE and AKAF is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.61

The correlation between NXTE and AKAF has been stable across timeframes, ranging from 0.61 to 0.62 - a consistent structural relationship.

Return for Risk

NXTE vs. AKAF — Risk / Return Rank

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

NXTE

NXTE Risk / Return Rank: 54
NXTE Sharpe Ratio Rank: 49
NXTE Sortino Ratio Rank: 46
NXTE Omega Ratio Rank: 46
NXTE Calmar Ratio Rank: 72
NXTE Martin Ratio Rank: 60

AKAF

AKAF Risk / Return Rank: 58
AKAF Sharpe Ratio Rank: 57
AKAF Sortino Ratio Rank: 56
AKAF Omega Ratio Rank: 56
AKAF Calmar Ratio Rank: 62
AKAF Martin Ratio Rank: 60

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.

NXTE vs. AKAF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axs Green Alpha ETF (NXTE) and The Frontier Economic Fund (AKAF). 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.

	NXTE	AKAF	Difference
Sharpe ratio: Return per unit of total volatility	1.36	1.53	-0.17
Sortino ratio: Return per unit of downside risk	1.90	2.18	-0.28
Omega ratio: Gain probability vs. loss probability	1.24	1.28	-0.04
Calmar ratio: Return relative to maximum drawdown	2.90	2.46	+0.44
Martin ratio: Return relative to average drawdown	8.44	8.48	-0.05

NXTE vs. AKAF - Sharpe Ratio Comparison

The current NXTE Sharpe Ratio is 1.36, which is comparable to the AKAF Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of NXTE and AKAF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NXTE vs. AKAF - Drawdown Comparison

The maximum NXTE drawdown since its inception was -28.64%, which is greater than AKAF's maximum drawdown of -9.32%. Use the drawdown chart below to compare losses from any high point for NXTE and AKAF.

Drawdown Indicators

	NXTE	AKAF	Difference
Max Drawdown Largest peak-to-trough decline	-28.64%	-9.32%	-19.32%
Max Drawdown (1Y) Largest decline over 1 year	-13.68%	-9.32%	-4.36%
Max Drawdown (3Y) Largest decline over 3 years	-27.24%	—	—
Current Drawdown Current decline from peak	-10.61%	-3.64%	-6.97%
Average Drawdown Average peak-to-trough decline	-7.80%	-1.75%	-6.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.69%	2.70%	+1.99%

Volatility

NXTE vs. AKAF - Volatility Comparison

Axs Green Alpha ETF (NXTE) has a higher volatility of 12.91% compared to The Frontier Economic Fund (AKAF) at 3.13%. This indicates that NXTE's price experiences larger fluctuations and is considered to be riskier than AKAF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NXTE	AKAF	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.91%	3.13%	+9.78%
Volatility (6M) Calculated over the trailing 6-month period	24.78%	11.51%	+13.27%
Volatility (1Y) Calculated over the trailing 1-year period	29.13%	14.91%	+14.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.98%	14.73%	+12.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.98%	14.73%	+12.25%

NXTE vs. AKAF - Expense Ratio Comparison

NXTE has a 1.00% expense ratio, which is higher than AKAF's 0.20% expense ratio.

Dividends

NXTE vs. AKAF - Dividend Comparison

NXTE's dividend yield for the trailing twelve months is around 0.52%, less than AKAF's 3.01% yield.

Position	TTM	2025	2024	2023	2022
AKAF The Frontier Economic Fund	3.01%	2.25%	0.00%	0.00%	0.00%
NXTE Axs Green Alpha ETF	0.52%	0.36%	0.52%	0.76%	0.13%

Frequently Asked Questions

Can I hold both NXTE and AKAF in my portfolio?

NXTE and AKAF have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NXTE or AKAF?

NXTE has higher volatility (12.91%) compared to AKAF (3.13%). In terms of maximum drawdown, NXTE dropped -28.64% vs AKAF's -9.32%.

Which ETF is better, NXTE or AKAF?

On 1-year performance, NXTE leads with 39.47% vs 22.77% for AKAF. On fees, AKAF is cheaper at 0.20% per year. On volatility, AKAF has been the lower-risk option at 3.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NXTE or AKAF?

Over the 1-year period, NXTE has performed better with a 39.47% return vs 22.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NXTE or AKAF?

AKAF is cheaper with a 0.20% expense ratio, compared with 1.00% for NXTE.

Which ETF pays a higher dividend yield, NXTE or AKAF?

AKAF has the higher dividend yield at 3.01%, compared with 0.52% for NXTE.

What is the main difference between NXTE and AKAF?

They also come from different issuers: AXS and Prospr Aligned. Their fees differ too: 1.00% for NXTE and 0.20% for AKAF.

Which has better risk-adjusted returns?

AKAF currently has the higher Sharpe Ratio (1.53 vs 1.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.