NXTE vs. AKAF

Last updated Jun 25, 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. A 0.65 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 33.00% return, which is significantly higher than AKAF's 8.51% return.

NXTE

• 1D: -0.59%
• 1M: 7.18%
• YTD: 33.00%
• 6M: 31.22%
• 1Y: 51.11%
• 3Y*: 18.97%
• 5Y*: —
• 10Y*: —

AKAF

• 1D: -0.24%
• 1M: -2.02%
• YTD: 8.51%
• 6M: 6.70%
• 1Y: —
• 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	33.00%	14.88%
AKAF The Frontier Economic Fund	8.51%	17.17%

Correlation

The correlation between NXTE and AKAF is 0.65, 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 Jun 26, 2025	0.65

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: 67
NXTE Sharpe Ratio Rank: 65
NXTE Sortino Ratio Rank: 61
NXTE Omega Ratio Rank: 60
NXTE Calmar Ratio Rank: 81
NXTE Martin Ratio Rank: 71

AKAF

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

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	1.86	—	—
Sortino ratio: Return per unit of downside risk	2.48	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	3.76	—	—
Martin ratio: Return relative to average drawdown	11.56	—	—

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%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.24%	—	—
Current Drawdown Current decline from peak	-5.75%	-4.42%	-1.33%
Average Drawdown Average peak-to-trough decline	-7.82%	-1.66%	-6.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.44%	—	—

Volatility

Volatility by Period

	NXTE	AKAF	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.81%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.71%	15.03%	+12.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.70%	15.03%	+11.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.70%	15.03%	+11.67%

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 0.38%, less than AKAF's 3.04% yield.

Position	TTM	2025	2024	2023	2022
AKAF The Frontier Economic Fund	3.04%	2.25%	0.00%	0.00%	0.00%
NXTE Axs Green Alpha ETF	0.38%	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 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NXTE or AKAF?

On fees, AKAF is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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 3.04%, compared with 0.38% 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.