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NXTE vs. GABF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

NXTE vs. GABF - Performance Comparison

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

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Returns By Period

In the year-to-date period, NXTE achieves a 36.97% return, which is significantly higher than GABF's -5.24% return.


NXTE

1D
2.11%
1M
18.44%
YTD
36.97%
6M
36.75%
1Y
67.30%
3Y*
18.88%
5Y*
10Y*

GABF

1D
0.09%
1M
-1.71%
YTD
-5.24%
6M
-2.61%
1Y
-0.98%
3Y*
21.23%
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

NXTE vs. GABF - Yearly Performance Comparison


2026 (YTD)2025202420232022
NXTE
Axs Green Alpha ETF
36.97%21.84%-3.42%13.85%-1.33%
GABF
Gabelli Financial Services Opportunities ETF
-5.24%3.60%44.38%38.92%8.13%

Correlation

The correlation between NXTE and GABF is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.53

Correlation (3Y)
Calculated over the trailing 3-year period

0.61

Correlation (All Time)
Calculated using the full available price history since Sep 30, 2022

0.65

The correlation between NXTE and GABF shifts across timeframes, from 0.53 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.

NXTE vs. GABF - Sectors Allocation Comparison


Sectors
NXTE
GABF

Technology

48.5%
4.9%

Industrials

17.6%
4.6%

Healthcare

11.3%

-

Real Estate

10.9%
6.0%

Consumer Cyclical

4.1%

-

Utilities

2.2%

-

Consumer Defensive

2.1%

-

Communication Services

1.9%

-

Financial Services

1.5%
84.6%

Basic Materials

0.5%

-

Energy

-

-

Technology

NXTE
48.5%
GABF
4.9%

Industrials

NXTE
17.6%
GABF
4.6%

Healthcare

NXTE
11.3%
GABF

-

Real Estate

NXTE
10.9%
GABF
6.0%

Consumer Cyclical

NXTE
4.1%
GABF

-

Utilities

NXTE
2.2%
GABF

-

Consumer Defensive

NXTE
2.1%
GABF

-

Communication Services

NXTE
1.9%
GABF

-

Financial Services

NXTE
1.5%
GABF
84.6%

Basic Materials

NXTE
0.5%
GABF

-

Energy

NXTE

-

GABF

-

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Return for Risk

NXTE vs. GABF — Risk / Return Rank

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

NXTE
NXTE Risk / Return Rank: 8080
Overall Rank
NXTE Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
NXTE Sortino Ratio Rank: 7878
Sortino Ratio Rank
NXTE Omega Ratio Rank: 7272
Omega Ratio Rank
NXTE Calmar Ratio Rank: 8787
Calmar Ratio Rank
NXTE Martin Ratio Rank: 8080
Martin Ratio Rank

GABF
GABF Risk / Return Rank: 88
Overall Rank
GABF Sharpe Ratio Rank: 88
Sharpe Ratio Rank
GABF Sortino Ratio Rank: 88
Sortino Ratio Rank
GABF Omega Ratio Rank: 88
Omega Ratio Rank
GABF Calmar Ratio Rank: 88
Calmar Ratio Rank
GABF Martin Ratio Rank: 88
Martin Ratio Rank
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. GABF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axs Green Alpha ETF (NXTE) and Gabelli Financial Services Opportunities ETF (GABF). 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.


NXTEGABFDifference

Sharpe ratio

Return per unit of total volatility

2.76

-0.06

+2.82

Sortino ratio

Return per unit of downside risk

3.57

0.04

+3.53

Omega ratio

Gain probability vs. loss probability

1.44

1.00

+0.43

Calmar ratio

Return relative to maximum drawdown

5.01

-0.07

+5.08

Martin ratio

Return relative to average drawdown

16.09

-0.16

+16.25

NXTE vs. GABF - Sharpe Ratio Comparison

The current NXTE Sharpe Ratio is 2.76, which is higher than the GABF Sharpe Ratio of -0.06. The chart below compares the historical Sharpe Ratios of NXTE and GABF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


NXTEGABFDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.76

-0.06

+2.82

Sharpe Ratio (All Time)

Calculated using the full available price history

0.68

0.90

-0.22

Drawdowns

NXTE vs. GABF - Drawdown Comparison

The maximum NXTE drawdown since its inception was -28.64%, which is greater than GABF's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for NXTE and GABF.


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Drawdown Indicators


NXTEGABFDifference

Max Drawdown

Largest peak-to-trough decline

-28.64%

-20.86%

-7.78%

Max Drawdown (1Y)

Largest decline over 1 year

-13.68%

-17.16%

+3.48%

Max Drawdown (3Y)

Largest decline over 3 years

-27.24%

-20.86%

-6.38%

Current Drawdown

Current decline from peak

0.00%

-9.89%

+9.89%

Average Drawdown

Average peak-to-trough decline

-7.89%

-4.85%

-3.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.26%

7.23%

-2.97%

Volatility

NXTE vs. GABF - Volatility Comparison

Axs Green Alpha ETF (NXTE) has a higher volatility of 9.18% compared to Gabelli Financial Services Opportunities ETF (GABF) at 3.89%. This indicates that NXTE's price experiences larger fluctuations and is considered to be riskier than GABF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


NXTEGABFDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.18%

3.89%

+5.29%

Volatility (6M)

Calculated over the trailing 6-month period

19.31%

13.02%

+6.29%

Volatility (1Y)

Calculated over the trailing 1-year period

24.52%

17.26%

+7.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.00%

20.53%

+5.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.00%

20.53%

+5.47%

NXTE vs. GABF - Expense Ratio Comparison

NXTE has a 1.00% expense ratio, which is higher than GABF's 0.10% expense ratio.


Dividends

NXTE vs. GABF - Dividend Comparison

NXTE's dividend yield for the trailing twelve months is around 0.37%, less than GABF's 2.07% yield.


PositionTTM2025202420232022
GABF
Gabelli Financial Services Opportunities ETF
2.07%1.96%4.19%4.95%1.31%
NXTE
Axs Green Alpha ETF
0.37%0.36%0.52%0.76%0.13%

Frequently Asked Questions


NXTE and GABF have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

NXTE has higher volatility (9.18%) compared to GABF (3.89%). In terms of maximum drawdown, NXTE dropped -28.64% vs GABF's -20.86%.

On 3-year performance, GABF leads with 21.23% vs 18.88% for NXTE. On fees, GABF is cheaper at 0.10% per year. On volatility, GABF has been the lower-risk option at 3.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, GABF has performed better with a 21.23% return vs 18.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

GABF is cheaper with a 0.10% expense ratio, compared with 1.00% for NXTE.

GABF has the higher dividend yield at 2.07%, compared with 0.37% for NXTE.

NXTE is categorized as Global Equities, while GABF is Financials Equities. They also come from different issuers: AXS and Gabelli. Their fees differ too: 1.00% for NXTE and 0.10% for GABF.

NXTE currently has the higher Sharpe Ratio (2.76 vs -0.06), 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.

Portfolio Optimizer

Find the right allocation for NXTE and GABF

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