NXTE vs. ENFR

Last updated Jun 24, 2026

NXTE (Axs Green Alpha ETF) and ENFR (Alerian Energy Infrastructure ETF) are both exchange-traded funds - NXTE is a Global Equities fund actively managed by AXS, while ENFR is a Energy Equities fund tracking the Alerian Midstream Energy Select Index. NXTE is actively managed, while ENFR is passively managed. Over the past 3 years, NXTE returned 19.20%/yr vs 28.90%/yr for ENFR. At a 0.34 correlation, their price movements are largely independent. NXTE charges 1.00%/yr vs 0.35%/yr for ENFR.

Performance

NXTE vs. ENFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Axs Green Alpha ETF (NXTE) and Alerian Energy Infrastructure ETF (ENFR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NXTE achieves a 33.79% return, which is significantly higher than ENFR's 24.93% return.

NXTE

• 1D: -5.19%
• 1M: 7.82%
• YTD: 33.79%
• 6M: 32.71%
• 1Y: 54.95%
• 3Y*: 19.20%
• 5Y*: —
• 10Y*: —

ENFR

• 1D: 1.51%
• 1M: -4.52%
• YTD: 24.93%
• 6M: 25.03%
• 1Y: 27.76%
• 3Y*: 28.90%
• 5Y*: 20.07%
• 10Y*: 11.98%

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

NXTE vs. ENFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NXTE Axs Green Alpha ETF	33.79%	21.84%	-3.42%	13.85%	-1.52%
ENFR Alerian Energy Infrastructure ETF	24.93%	5.88%	42.17%	15.63%	6.84%

Correlation

The correlation between NXTE and ENFR is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since Sep 29, 2022	0.34

The correlation between NXTE and ENFR shifts across timeframes, from -0.08 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.

NXTE vs. ENFR - Sectors Allocation Comparison

Sectors	NXTE	ENFR
Technology	53.6%	-
Industrials	15.7%	3.4%
Real Estate	10.1%	-
Healthcare	10.0%	-
Consumer Cyclical	3.7%	-
Utilities	2.1%	1.4%
Consumer Defensive	1.8%	-
Communication Services	1.6%	-
Financial Services	1.3%	0.1%
Basic Materials	0.5%	-
Energy	-	98.5%

Return for Risk

NXTE vs. ENFR — Risk / Return Rank

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

NXTE

NXTE Risk / Return Rank: 69
NXTE Sharpe Ratio Rank: 67
NXTE Sortino Ratio Rank: 61
NXTE Omega Ratio Rank: 60
NXTE Calmar Ratio Rank: 82
NXTE Martin Ratio Rank: 73

ENFR

ENFR Risk / Return Rank: 57
ENFR Sharpe Ratio Rank: 59
ENFR Sortino Ratio Rank: 57
ENFR Omega Ratio Rank: 54
ENFR Calmar Ratio Rank: 67
ENFR Martin Ratio Rank: 50

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. ENFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axs Green Alpha ETF (NXTE) and Alerian Energy Infrastructure ETF (ENFR). 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	ENFR	Difference
Sharpe ratio: Return per unit of total volatility	1.99	1.88	+0.11
Sortino ratio: Return per unit of downside risk	2.62	2.59	+0.03
Omega ratio: Gain probability vs. loss probability	1.34	1.32	+0.02
Calmar ratio: Return relative to maximum drawdown	4.04	3.23	+0.81
Martin ratio: Return relative to average drawdown	12.46	8.24	+4.22

NXTE vs. ENFR - Sharpe Ratio Comparison

The current NXTE Sharpe Ratio is 1.99, which is comparable to the ENFR Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of NXTE and ENFR, 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. ENFR - Drawdown Comparison

The maximum NXTE drawdown since its inception was -28.64%, smaller than the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for NXTE and ENFR.

Drawdown Indicators

	NXTE	ENFR	Difference
Max Drawdown Largest peak-to-trough decline	-28.64%	-68.28%	+39.64%
Max Drawdown (1Y) Largest decline over 1 year	-13.68%	-8.64%	-5.04%
Max Drawdown (3Y) Largest decline over 3 years	-27.24%	-15.58%	-11.66%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.29%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-62.64%	—
Current Drawdown Current decline from peak	-5.19%	-4.71%	-0.48%
Average Drawdown Average peak-to-trough decline	-7.82%	-15.94%	+8.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.42%	3.38%	+1.04%

Volatility

NXTE vs. ENFR - Volatility Comparison

Axs Green Alpha ETF (NXTE) has a higher volatility of 14.78% compared to Alerian Energy Infrastructure ETF (ENFR) at 5.69%. This indicates that NXTE's price experiences larger fluctuations and is considered to be riskier than ENFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NXTE	ENFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.78%	5.69%	+9.09%
Volatility (6M) Calculated over the trailing 6-month period	23.23%	11.60%	+11.63%
Volatility (1Y) Calculated over the trailing 1-year period	27.70%	14.86%	+12.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.71%	19.25%	+7.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.71%	24.68%	+2.03%

NXTE vs. ENFR - Expense Ratio Comparison

NXTE has a 1.00% expense ratio, which is higher than ENFR's 0.35% expense ratio.

Dividends

NXTE vs. ENFR - Dividend Comparison

NXTE's dividend yield for the trailing twelve months is around 0.38%, less than ENFR's 4.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ENFR Alerian Energy Infrastructure ETF	4.02%	4.77%	4.41%	5.48%	5.23%	7.86%	7.57%	5.81%	3.98%	2.98%	3.31%	3.34%
NXTE Axs Green Alpha ETF	0.38%	0.36%	0.52%	0.76%	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NXTE and ENFR in my portfolio?

NXTE and ENFR have a correlation of -0.08, 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 ENFR?

NXTE has higher volatility (14.78%) compared to ENFR (5.69%). In terms of maximum drawdown, NXTE dropped -28.64% vs ENFR's -68.28%.

Which ETF is better, NXTE or ENFR?

On 3-year performance, ENFR leads with 28.90% vs 19.20% for NXTE. On fees, ENFR is cheaper at 0.35% per year. On volatility, ENFR has been the lower-risk option at 5.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NXTE or ENFR?

Over the 3-year period, ENFR has performed better with a 28.90% return vs 19.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NXTE or ENFR?

ENFR is cheaper with a 0.35% expense ratio, compared with 1.00% for NXTE.

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

ENFR has the higher dividend yield at 4.02%, compared with 0.38% for NXTE.

What is the main difference between NXTE and ENFR?

NXTE is categorized as Global Equities, while ENFR is Energy Equities. They also come from different issuers: AXS and SS&C. Their fees differ too: 1.00% for NXTE and 0.35% for ENFR.

Which has better risk-adjusted returns?

NXTE currently has the higher Sharpe Ratio (1.99 vs 1.88), 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.