NXTE vs. BDVL

Last updated Jun 4, 2026

NXTE (Axs Green Alpha ETF) and BDVL (iShares Disciplined Volatility Equity Active ETF) are both Global Equities funds. NXTE is actively managed, while BDVL is passively managed. A 0.64 correlation means they provide meaningful diversification when combined. NXTE charges 1.00%/yr vs 0.40%/yr for BDVL.

Performance

NXTE vs. BDVL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Axs Green Alpha ETF (NXTE) and iShares Disciplined Volatility Equity Active ETF (BDVL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NXTE achieves a 36.11% return, which is significantly higher than BDVL's 4.71% return.

NXTE

• 1D: -0.62%
• 1M: 17.52%
• YTD: 36.11%
• 6M: 34.91%
• 1Y: 64.20%
• 3Y*: 18.63%
• 5Y*: —
• 10Y*: —

BDVL

• 1D: -0.44%
• 1M: 0.91%
• YTD: 4.71%
• 6M: 5.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NXTE vs. BDVL - Yearly Performance Comparison

	2026 (YTD)	2025
NXTE Axs Green Alpha ETF	36.11%	4.46%
BDVL iShares Disciplined Volatility Equity Active ETF	4.71%	1.97%

Correlation

The correlation between NXTE and BDVL is 0.64, 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 Sep 16, 2025	0.64

NXTE vs. BDVL - Sectors Allocation Comparison

Sectors	NXTE	BDVL
Technology	48.5%	23.0%
Industrials	17.6%	15.4%
Healthcare	11.3%	11.1%
Real Estate	10.9%	1.0%
Consumer Cyclical	4.1%	8.5%
Utilities	2.2%	4.8%
Consumer Defensive	2.1%	6.3%
Communication Services	1.9%	10.7%
Financial Services	1.5%	13.9%
Basic Materials	0.5%	2.6%
Energy	-	2.8%

Return for Risk

NXTE vs. BDVL — Risk / Return Rank

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

NXTE

NXTE Risk / Return Rank: 79
NXTE Sharpe Ratio Rank: 81
NXTE Sortino Ratio Rank: 77
NXTE Omega Ratio Rank: 71
NXTE Calmar Ratio Rank: 86
NXTE Martin Ratio Rank: 79

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. BDVL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axs Green Alpha ETF (NXTE) and iShares Disciplined Volatility Equity Active ETF (BDVL). 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.

	NXTE	BDVL	Difference
Sharpe ratio: Return per unit of total volatility	2.63	—	—
Sortino ratio: Return per unit of downside risk	3.45	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	4.72	—	—
Martin ratio: Return relative to average drawdown	15.12	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NXTE	BDVL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	1.01	-0.34

Drawdowns

NXTE vs. BDVL - Drawdown Comparison

The maximum NXTE drawdown since its inception was -28.64%, which is greater than BDVL's maximum drawdown of -7.71%. Use the drawdown chart below to compare losses from any high point for NXTE and BDVL.

Drawdown Indicators

	NXTE	BDVL	Difference
Max Drawdown Largest peak-to-trough decline	-28.64%	-7.71%	-20.93%
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	-0.62%	-0.95%	+0.33%
Average Drawdown Average peak-to-trough decline	-7.88%	-1.19%	-6.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.26%	—	—

Volatility

Volatility by Period

	NXTE	BDVL	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.27%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.53%	9.49%	+15.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.99%	9.49%	+16.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.99%	9.49%	+16.50%

NXTE vs. BDVL - Expense Ratio Comparison

NXTE has a 1.00% expense ratio, which is higher than BDVL's 0.40% expense ratio.

Dividends

NXTE vs. BDVL - Dividend Comparison

NXTE's dividend yield for the trailing twelve months is around 0.37%, less than BDVL's 2.66% yield.

Position	TTM	2025	2024	2023	2022
BDVL iShares Disciplined Volatility Equity Active ETF	2.66%	2.79%	0.00%	0.00%	0.00%
NXTE Axs Green Alpha ETF	0.37%	0.36%	0.52%	0.76%	0.13%

Frequently Asked Questions

Can I hold both NXTE and BDVL in my portfolio?

NXTE and BDVL have a correlation of 0.64, 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 BDVL?

On fees, BDVL is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NXTE or BDVL?

BDVL is cheaper with a 0.40% expense ratio, compared with 1.00% for NXTE.

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

BDVL has the higher dividend yield at 2.66%, compared with 0.37% for NXTE.

What is the main difference between NXTE and BDVL?

They also come from different issuers: AXS and iShares. Their fees differ too: 1.00% for NXTE and 0.40% for BDVL.