NXTE vs. CLIP

Last updated Aug 5, 2026

NXTE (Axs Green Alpha ETF) and CLIP (Global X 1-3 Month T-Bill ETF) are both exchange-traded funds - NXTE is a Global Equities fund actively managed by AXS, while CLIP is a Ultrashort Bond fund tracking the Solactive 1-3 month US T-Bill Index - USD. NXTE is actively managed, while CLIP is passively managed. Over the past 3 years, NXTE returned 14.45%/yr vs 4.61%/yr for CLIP. Their -0.03 correlation means they have often moved in opposite directions in the past. NXTE charges 1.00%/yr vs 0.07%/yr for CLIP.

Performance

NXTE vs. CLIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Axs Green Alpha ETF (NXTE) and Global X 1-3 Month T-Bill ETF (CLIP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NXTE achieves a 22.67% return, which is significantly higher than CLIP's 2.13% return.

NXTE

• 1D: 4.31%
• 1M: -7.16%
• 6M: 12.96%
• YTD: 22.67%
• 1Y: 38.44%
• 3Y*: 14.45%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.33%

CLIP

• 1D: 0.00%
• 1M: 0.30%
• 6M: 1.82%
• YTD: 2.13%
• 1Y: 3.86%
• 3Y*: 4.61%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.64%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CLIP Global X 1-3 Month T-Bill ETF	$33.03M	$27.37M	$36.44M
NXTE Axs Green Alpha ETF	$193.74K	$136.30K	$197.70K

NXTE vs. CLIP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NXTE Axs Green Alpha ETF	22.67%	21.84%	-3.42%	3.57%
CLIP Global X 1-3 Month T-Bill ETF	2.13%	4.23%	5.26%	2.82%

Correlation

The correlation between NXTE and CLIP is -0.15, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.15
Correlation (3Y) Balances recent behavior with more history.	-0.02
Correlation (All Time) Calculated using the full available price history since Jun 21, 2023	-0.03

The correlation between NXTE and CLIP shifts across timeframes, from -0.15 (1 year) to -0.02 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

NXTE vs. CLIP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NXTE

NXTE Risk / Return Rank: 45
NXTE Sharpe Ratio Rank: 44
NXTE Sortino Ratio Rank: 43
NXTE Omega Ratio Rank: 42
NXTE Calmar Ratio Rank: 44
NXTE Martin Ratio Rank: 51

CLIP

CLIP Risk / Return Rank: 100
CLIP Sharpe Ratio Rank: 100
CLIP Sortino Ratio Rank: 100
CLIP Omega Ratio Rank: 100
CLIP Calmar Ratio Rank: 100
CLIP Martin Ratio Rank: 100

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NXTE vs. CLIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axs Green Alpha ETF (NXTE) and Global X 1-3 Month T-Bill ETF (CLIP). 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	CLIP	Difference
Sharpe ratio: Return per unit of total volatility	1.27	18.07	-16.80
Sortino ratio: Return per unit of downside risk	1.82	105.37	-103.55
Omega ratio: Gain probability vs. loss probability	1.23	35.46	-34.24
Calmar ratio: Return relative to maximum drawdown	1.80	194.13	-192.34
Martin ratio: Return relative to average drawdown	6.58	1,642.72	-1,636.14

NXTE vs. CLIP - Sharpe Ratio Comparison

The current NXTE Sharpe Ratio is 1.27, which is lower than the CLIP Sharpe Ratio of 18.07. The chart below compares the historical Sharpe Ratios of NXTE and CLIP, 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. CLIP - Drawdown Comparison

The maximum NXTE drawdown since its inception was -28.64%, which is greater than CLIP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for NXTE and CLIP.

Drawdown Indicators

	NXTE	CLIP	Difference
Max Drawdown Largest peak-to-trough decline	-28.64%	-0.08%	-28.56%
Max Drawdown (1Y) Largest decline over 1 year	-21.50%	-0.02%	-21.48%
Max Drawdown (3Y) Largest decline over 3 years	-27.24%	-0.08%	-27.16%
Current Drawdown Current decline from peak	-13.37%	0.00%	-13.37%
Average Drawdown Average peak-to-trough decline	-7.92%	0.00%	-7.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.86%	0.00%	+5.86%

Volatility

NXTE vs. CLIP - Volatility Comparison

Axs Green Alpha ETF (NXTE) has a higher volatility of 11.74% compared to Global X 1-3 Month T-Bill ETF (CLIP) at 0.06%. This indicates that NXTE's price experiences larger fluctuations and is considered to be riskier than CLIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NXTE	CLIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.74%	0.06%	+11.68%
Volatility (6M) Calculated over the trailing 6-month period	26.27%	0.15%	+26.12%
Volatility (1Y) Calculated over the trailing 1-year period	30.51%	0.21%	+30.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.24%	0.43%	+26.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.24%	0.43%	+26.81%

NXTE vs. CLIP - Expense Ratio Comparison

NXTE has a 1.00% expense ratio, which is higher than CLIP's 0.07% expense ratio.

Dividends

NXTE vs. CLIP - Dividend Comparison

NXTE's dividend yield for the trailing twelve months is around 0.54%, less than CLIP's 3.81% yield.

Position	TTM	2025	2024	2023	2022
CLIP Global X 1-3 Month T-Bill ETF	3.81%	4.14%	5.11%	2.75%	0.00%
NXTE Axs Green Alpha ETF	0.54%	0.36%	0.52%	0.76%	0.13%

Frequently Asked Questions

Can I hold both NXTE and CLIP in my portfolio?

NXTE and CLIP have a correlation of -0.15, 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 CLIP?

NXTE has higher volatility (11.74%) compared to CLIP (0.06%). In terms of maximum drawdown, NXTE dropped -28.64% vs CLIP's -0.08%.

Which ETF is better, NXTE or CLIP?

On 3-year performance, NXTE leads with 14.45% vs 4.61% for CLIP. On fees, CLIP is cheaper at 0.07% per year. On volatility, CLIP has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NXTE or CLIP?

Over the 3-year period, NXTE has performed better with a 14.45% return vs 4.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NXTE or CLIP?

CLIP is cheaper with a 0.07% expense ratio, compared with 1.00% for NXTE.

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

CLIP has the higher dividend yield at 3.81%, compared with 0.54% for NXTE.

What is the main difference between NXTE and CLIP?

NXTE is categorized as Global Equities, while CLIP is Ultrashort Bond. They also come from different issuers: AXS and Global X. Their fees differ too: 1.00% for NXTE and 0.07% for CLIP.

Which has better risk-adjusted returns?

CLIP currently has the higher Sharpe Ratio (18.07 vs 1.27), 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.