NXTE vs. FWD

Last updated Jun 25, 2026

NXTE (Axs Green Alpha ETF) and FWD (AB Disruptors ETF) are both Global Equities funds. Both are actively managed. Over the past 3 years, NXTE returned 18.97%/yr vs 37.60%/yr for FWD. Their correlation of 0.81 suggests significant overlap in exposure. NXTE charges 1.00%/yr vs 0.65%/yr for FWD.

Performance

NXTE vs. FWD - Performance Comparison

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

Returns By Period

In the year-to-date period, NXTE achieves a 33.00% return, which is significantly lower than FWD's 35.20% return.

NXTE

• 1D: -0.59%
• 1M: 7.18%
• YTD: 33.00%
• 6M: 31.22%
• 1Y: 51.11%
• 3Y*: 18.97%
• 5Y*: —
• 10Y*: —

FWD

• 1D: -0.29%
• 1M: 3.15%
• YTD: 35.20%
• 6M: 32.48%
• 1Y: 62.07%
• 3Y*: 37.60%
• 5Y*: —
• 10Y*: —

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

NXTE vs. FWD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NXTE Axs Green Alpha ETF	33.00%	21.84%	-3.42%	8.20%
FWD AB Disruptors ETF	35.20%	32.00%	29.23%	23.48%

Correlation

The correlation between NXTE and FWD is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Mar 22, 2023	0.81

The correlation between NXTE and FWD has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.

NXTE vs. FWD - Sectors Allocation Comparison

Sectors	NXTE	FWD
Technology	53.6%	59.8%
Industrials	15.7%	19.3%
Real Estate	10.1%	0.7%
Healthcare	10.0%	6.9%
Consumer Cyclical	3.7%	3.6%
Utilities	2.1%	0.3%
Consumer Defensive	1.8%	0.8%
Communication Services	1.6%	3.4%
Financial Services	1.3%	0.5%
Basic Materials	0.5%	1.9%
Energy	-	2.6%

Return for Risk

NXTE vs. FWD — Risk / Return Rank

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

NXTE

NXTE Risk / Return Rank: 67
NXTE Sharpe Ratio Rank: 65
NXTE Sortino Ratio Rank: 61
NXTE Omega Ratio Rank: 60
NXTE Calmar Ratio Rank: 81
NXTE Martin Ratio Rank: 71

FWD

FWD Risk / Return Rank: 81
FWD Sharpe Ratio Rank: 82
FWD Sortino Ratio Rank: 72
FWD Omega Ratio Rank: 74
FWD Calmar Ratio Rank: 89
FWD Martin Ratio Rank: 86

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. FWD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axs Green Alpha ETF (NXTE) and AB Disruptors ETF (FWD). 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	FWD	Difference
Sharpe ratio: Return per unit of total volatility	1.86	2.34	-0.48
Sortino ratio: Return per unit of downside risk	2.48	2.87	-0.39
Omega ratio: Gain probability vs. loss probability	1.32	1.39	-0.07
Calmar ratio: Return relative to maximum drawdown	3.76	4.79	-1.03
Martin ratio: Return relative to average drawdown	11.56	16.19	-4.63

NXTE vs. FWD - Sharpe Ratio Comparison

The current NXTE Sharpe Ratio is 1.86, which is comparable to the FWD Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of NXTE and FWD, 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. FWD - Drawdown Comparison

The maximum NXTE drawdown since its inception was -28.64%, roughly equal to the maximum FWD drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for NXTE and FWD.

Drawdown Indicators

	NXTE	FWD	Difference
Max Drawdown Largest peak-to-trough decline	-28.64%	-29.02%	+0.38%
Max Drawdown (1Y) Largest decline over 1 year	-13.68%	-13.03%	-0.65%
Max Drawdown (3Y) Largest decline over 3 years	-27.24%	-29.02%	+1.78%
Current Drawdown Current decline from peak	-5.75%	-5.16%	-0.59%
Average Drawdown Average peak-to-trough decline	-7.82%	-4.06%	-3.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.44%	3.85%	+0.59%

Volatility

NXTE vs. FWD - Volatility Comparison

Axs Green Alpha ETF (NXTE) has a higher volatility of 14.81% compared to AB Disruptors ETF (FWD) at 12.85%. This indicates that NXTE's price experiences larger fluctuations and is considered to be riskier than FWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NXTE	FWD	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.81%	12.85%	+1.96%
Volatility (6M) Calculated over the trailing 6-month period	23.21%	21.80%	+1.41%
Volatility (1Y) Calculated over the trailing 1-year period	27.71%	26.73%	+0.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.70%	25.37%	+1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.70%	25.37%	+1.33%

NXTE vs. FWD - Expense Ratio Comparison

NXTE has a 1.00% expense ratio, which is higher than FWD's 0.65% expense ratio.

Dividends

NXTE vs. FWD - Dividend Comparison

NXTE's dividend yield for the trailing twelve months is around 0.38%, more than FWD's 0.08% yield.

Position	TTM	2025	2024	2023	2022
FWD AB Disruptors ETF	0.08%	0.11%	1.89%	0.00%	0.00%
NXTE Axs Green Alpha ETF	0.38%	0.36%	0.52%	0.76%	0.13%

Frequently Asked Questions

Can I hold both NXTE and FWD in my portfolio?

NXTE and FWD have a correlation of 0.86, 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 FWD?

NXTE has higher volatility (14.81%) compared to FWD (12.85%). In terms of maximum drawdown, NXTE dropped -28.64% vs FWD's -29.02%.

Which ETF is better, NXTE or FWD?

On 3-year performance, FWD leads with 37.60% vs 18.97% for NXTE. On fees, FWD is cheaper at 0.65% per year. On volatility, FWD has been the lower-risk option at 12.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NXTE or FWD?

Over the 3-year period, FWD has performed better with a 37.60% return vs 18.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NXTE or FWD?

FWD is cheaper with a 0.65% expense ratio, compared with 1.00% for NXTE.

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

NXTE has the higher dividend yield at 0.38%, compared with 0.08% for FWD.

What is the main difference between NXTE and FWD?

They also come from different issuers: AXS and AllianceBernstein. Their fees differ too: 1.00% for NXTE and 0.65% for FWD.

Which has better risk-adjusted returns?

FWD currently has the higher Sharpe Ratio (2.34 vs 1.86), 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.