NXTE vs. ISCMF

Last updated Jun 24, 2026

NXTE (Axs Green Alpha ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - NXTE is a Global Equities fund actively managed by AXS, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. NXTE is actively managed, while ISCMF is passively managed. Over the past 3 years, NXTE returned 19.20%/yr vs 16.78%/yr for ISCMF. At a correlation of -0.01, they often move in opposite directions. NXTE charges 1.00%/yr vs 0.19%/yr for ISCMF.

Performance

NXTE vs. ISCMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Axs Green Alpha ETF (NXTE) and iShares Diversified Commodity Swap UCITS ETF (ISCMF). 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 ISCMF's 22.87% return.

NXTE

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

ISCMF

• 1D: 0.00%
• 1M: -4.99%
• YTD: 22.87%
• 6M: 22.87%
• 1Y: 31.30%
• 3Y*: 16.78%
• 5Y*: —
• 10Y*: —

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

NXTE vs. ISCMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NXTE Axs Green Alpha ETF	33.79%	21.84%	-3.42%	13.85%	-1.52%
ISCMF iShares Diversified Commodity Swap UCITS ETF	22.87%	19.65%	3.13%	-9.58%	-2.34%

Correlation

The correlation between NXTE and ISCMF is -0.06, 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	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	-0.00
Correlation (All Time) Calculated using the full available price history since Sep 29, 2022	-0.01

Return for Risk

NXTE vs. ISCMF — 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

ISCMF

ISCMF Risk / Return Rank: 78
ISCMF Sharpe Ratio Rank: 56
ISCMF Sortino Ratio Rank: 77
ISCMF Omega Ratio Rank: 98
ISCMF Calmar Ratio Rank: 92
ISCMF Martin Ratio Rank: 69

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. ISCMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axs Green Alpha ETF (NXTE) and iShares Diversified Commodity Swap UCITS ETF (ISCMF). 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	ISCMF	Difference
Sharpe ratio: Return per unit of total volatility	1.99	1.76	+0.23
Sortino ratio: Return per unit of downside risk	2.62	3.18	-0.57
Omega ratio: Gain probability vs. loss probability	1.34	2.31	-0.97
Calmar ratio: Return relative to maximum drawdown	4.04	5.53	-1.49
Martin ratio: Return relative to average drawdown	12.46	11.85	+0.61

NXTE vs. ISCMF - Sharpe Ratio Comparison

The current NXTE Sharpe Ratio is 1.99, which is comparable to the ISCMF Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of NXTE and ISCMF, 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. ISCMF - Drawdown Comparison

The maximum NXTE drawdown since its inception was -28.64%, which is greater than ISCMF's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for NXTE and ISCMF.

Drawdown Indicators

	NXTE	ISCMF	Difference
Max Drawdown Largest peak-to-trough decline	-28.64%	-25.42%	-3.22%
Max Drawdown (1Y) Largest decline over 1 year	-13.68%	-5.69%	-7.99%
Max Drawdown (3Y) Largest decline over 3 years	-27.24%	-7.62%	-19.62%
Current Drawdown Current decline from peak	-5.19%	-5.26%	+0.07%
Average Drawdown Average peak-to-trough decline	-7.82%	-13.35%	+5.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.42%	2.65%	+1.77%

Volatility

NXTE vs. ISCMF - Volatility Comparison

Axs Green Alpha ETF (NXTE) has a higher volatility of 14.78% compared to iShares Diversified Commodity Swap UCITS ETF (ISCMF) at 5.11%. This indicates that NXTE's price experiences larger fluctuations and is considered to be riskier than ISCMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NXTE	ISCMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.78%	5.11%	+9.67%
Volatility (6M) Calculated over the trailing 6-month period	23.23%	15.45%	+7.78%
Volatility (1Y) Calculated over the trailing 1-year period	27.70%	17.84%	+9.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.71%	14.29%	+12.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.71%	14.29%	+12.42%

NXTE vs. ISCMF - Expense Ratio Comparison

NXTE has a 1.00% expense ratio, which is higher than ISCMF's 0.19% expense ratio.

Dividends

NXTE vs. ISCMF - Dividend Comparison

NXTE's dividend yield for the trailing twelve months is around 0.38%, while ISCMF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
ISCMF iShares Diversified Commodity Swap UCITS ETF	0.00%	0.00%	0.00%	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 ISCMF in my portfolio?

NXTE and ISCMF have a correlation of -0.06, 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 ISCMF?

NXTE has higher volatility (14.78%) compared to ISCMF (5.11%). In terms of maximum drawdown, NXTE dropped -28.64% vs ISCMF's -25.42%.

Which ETF is better, NXTE or ISCMF?

On 3-year performance, NXTE leads with 19.20% vs 16.78% for ISCMF. On fees, ISCMF is cheaper at 0.19% per year. On volatility, ISCMF has been the lower-risk option at 5.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NXTE or ISCMF?

Over the 3-year period, NXTE has performed better with a 19.20% return vs 16.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NXTE or ISCMF?

ISCMF is cheaper with a 0.19% expense ratio, compared with 1.00% for NXTE.

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

NXTE has the higher dividend yield at 0.38%, compared with 0.00% for ISCMF.

What is the main difference between NXTE and ISCMF?

NXTE is categorized as Global Equities, while ISCMF is Commodities. They also come from different issuers: AXS and iShares. Their fees differ too: 1.00% for NXTE and 0.19% for ISCMF.

Which has better risk-adjusted returns?

NXTE currently has the higher Sharpe Ratio (1.99 vs 1.76), 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.