NXTE vs. CCAFX
Compare and contrast key facts about Axs Green Alpha ETF (NXTE) and Calvert Mid-Cap Fund (CCAFX).
NXTE is an actively managed fund by AXS Investments. It was launched on Sep 27, 2022. CCAFX is managed by Calvert Research and Management. It was launched on Oct 31, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NXTE or CCAFX.
Key characteristics
| NXTE | CCAFX | |
|---|---|---|
| YTD Return | -0.23% | 10.45% |
| 1Y Return | 12.88% | 18.41% |
| Sharpe Ratio | 0.49 | 1.36 |
| Daily Std Dev | 25.36% | 13.37% |
| Max Drawdown | -28.64% | -60.61% |
| Current Drawdown | -7.77% | -1.68% |
Correlation
The correlation between NXTE and CCAFX is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NXTE vs. CCAFX - Performance Comparison
In the year-to-date period, NXTE achieves a -0.23% return, which is significantly lower than CCAFX's 10.45% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NXTE vs. CCAFX - Expense Ratio Comparison
NXTE has a 1.00% expense ratio, which is lower than CCAFX's 1.18% expense ratio.
Risk-Adjusted Performance
NXTE vs. CCAFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Axs Green Alpha ETF (NXTE) and Calvert Mid-Cap Fund (CCAFX). 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.
Dividends
NXTE vs. CCAFX - Dividend Comparison
NXTE's dividend yield for the trailing twelve months is around 0.79%, while CCAFX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NXTE Axs Green Alpha ETF | 0.79% | 0.76% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CCAFX Calvert Mid-Cap Fund | 0.00% | 0.00% | 0.03% | 13.22% | 0.85% | 5.30% | 7.44% | 10.19% | 0.52% | 10.49% | 15.84% | 7.26% |
Drawdowns
NXTE vs. CCAFX - Drawdown Comparison
The maximum NXTE drawdown since its inception was -28.64%, smaller than the maximum CCAFX drawdown of -60.61%. Use the drawdown chart below to compare losses from any high point for NXTE and CCAFX. For additional features, visit the drawdowns tool.
Volatility
NXTE vs. CCAFX - Volatility Comparison
Axs Green Alpha ETF (NXTE) has a higher volatility of 7.74% compared to Calvert Mid-Cap Fund (CCAFX) at 3.17%. This indicates that NXTE's price experiences larger fluctuations and is considered to be riskier than CCAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.