NXTE vs. DBE
NXTE (Axs Green Alpha ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - NXTE is a Global Equities fund actively managed by AXS, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. NXTE is actively managed, while DBE is passively managed. Over the past 3 years, NXTE returned 14.45%/yr vs 13.55%/yr for DBE. Their 0.03 correlation means their historical movements had little consistent relationship. NXTE charges 1.00%/yr vs 0.78%/yr for DBE.
Performance
NXTE vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, NXTE achieves a 22.67% return, which is significantly lower than DBE's 63.93% 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%
DBE
- 1D
- -4.28%
- 1M
- 11.01%
- 6M
- 47.49%
- YTD
- 63.93%
- 1Y
- 55.67%
- 3Y*
- 13.55%
- 5Y*
- 16.46%
- 10Y*
- 11.75%
- ALL TIME*
- 2.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.35M | $1.09M | $1.64M | |
| $193.74K | $136.30K | $197.70K |
NXTE vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NXTE Axs Green Alpha ETF | 22.67% | 21.84% | -3.42% | 13.85% | -1.52% |
DBE Invesco DB Energy Fund | 63.93% | -2.17% | 2.96% | -12.14% | -1.73% |
Correlation
The correlation between NXTE and DBE is -0.23, 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. | -0.23 |
Correlation (3Y) Balances recent behavior with more history. | -0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2022 | 0.03 |
The correlation between NXTE and DBE shifts across timeframes, from -0.23 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NXTE vs. DBE — Risk / Return Rank
NXTE
DBE
NXTE vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Axs Green Alpha ETF (NXTE) and Invesco DB Energy Fund (DBE). 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 | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.26 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 2.26 | -0.47 |
| Martin ratioReturn relative to average drawdown | 6.58 | 7.03 | -0.46 |
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Drawdowns
NXTE vs. DBE - Drawdown Comparison
The maximum NXTE drawdown since its inception was -28.64%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for NXTE and DBE.
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Drawdown Indicators
| NXTE | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.64% | -86.69% | +58.05% |
Max Drawdown (1Y)Largest decline over 1 year | -21.50% | -24.72% | +3.22% |
Max Drawdown (3Y)Largest decline over 3 years | -27.24% | -24.72% | -2.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -13.37% | -37.77% | +24.40% |
Average DrawdownAverage peak-to-trough decline | -7.92% | -57.12% | +49.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.86% | 7.95% | -2.09% |
Volatility
NXTE vs. DBE - Volatility Comparison
The current volatility for Axs Green Alpha ETF (NXTE) is 11.74%, while Invesco DB Energy Fund (DBE) has a volatility of 15.88%. This indicates that NXTE experiences smaller price fluctuations and is considered to be less risky than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NXTE | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.74% | 15.88% | -4.14% |
Volatility (6M)Calculated over the trailing 6-month period | 26.27% | 33.82% | -7.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.51% | 37.86% | -7.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.24% | 30.19% | -2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.24% | 28.64% | -1.40% |
NXTE vs. DBE - Expense Ratio Comparison
NXTE has a 1.00% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
NXTE vs. DBE - Dividend Comparison
NXTE's dividend yield for the trailing twelve months is around 0.54%, less than DBE's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.36% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
NXTE Axs Green Alpha ETF | 0.54% | 0.36% | 0.52% | 0.76% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NXTE and DBE have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (15.88%) compared to NXTE (11.74%). In terms of maximum drawdown, NXTE dropped -28.64% vs DBE's -86.69%.
On 3-year performance, NXTE leads with 14.45% vs 13.55% for DBE. On fees, DBE is cheaper at 0.78% per year. On volatility, NXTE has been the lower-risk option at 11.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, NXTE has performed better with a 14.45% return vs 13.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBE is cheaper with a 0.78% expense ratio, compared with 1.00% for NXTE.
DBE has the higher dividend yield at 2.36%, compared with 0.54% for NXTE.
NXTE is categorized as Global Equities, while DBE is Oil & Gas. They also come from different issuers: AXS and Invesco. Their fees differ too: 1.00% for NXTE and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.48 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.
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