NXTE vs. NVDS

Last updated Jun 3, 2026

NXTE (Axs Green Alpha ETF) and NVDS (Tradr 1.25X NVDA Bear Daily ETF) are both exchange-traded funds - NXTE is a Global Equities fund actively managed by AXS, while NVDS is a Inverse Equities fund tracking the NVIDIA Corporation (-125%). NXTE is actively managed, while NVDS is passively managed. Over the past 3 years, NXTE returned 18.88%/yr vs -65.20%/yr for NVDS. At a correlation of -0.52, they often move in opposite directions. NXTE charges 1.00%/yr vs 1.15%/yr for NVDS.

Performance

NXTE vs. NVDS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Axs Green Alpha ETF (NXTE) and Tradr 1.25X NVDA Bear Daily ETF (NVDS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NXTE achieves a 36.97% return, which is significantly higher than NVDS's -29.31% return.

NXTE

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

NVDS

• 1D: 1.18%
• 1M: -17.63%
• YTD: -29.31%
• 6M: -32.74%
• 1Y: -58.02%
• 3Y*: -65.20%
• 5Y*: —
• 10Y*: —

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

NXTE vs. NVDS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NXTE Axs Green Alpha ETF	36.97%	21.84%	-3.42%	13.85%	-1.33%
NVDS Tradr 1.25X NVDA Bear Daily ETF	-29.31%	-58.18%	-80.03%	-83.15%	-29.42%

Correlation

The correlation between NXTE and NVDS is -0.44, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.44
Correlation (3Y) Calculated over the trailing 3-year period	-0.46
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022	-0.52

The correlation between NXTE and NVDS has been stable across timeframes, ranging from -0.52 to -0.44 - a consistent structural relationship.

Return for Risk

NXTE vs. NVDS — Risk / Return Rank

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

NXTE

NXTE Risk / Return Rank: 80
NXTE Sharpe Ratio Rank: 83
NXTE Sortino Ratio Rank: 78
NXTE Omega Ratio Rank: 72
NXTE Calmar Ratio Rank: 87
NXTE Martin Ratio Rank: 80

NVDS

NVDS Risk / Return Rank: 1
NVDS Sharpe Ratio Rank: 1
NVDS Sortino Ratio Rank: 1
NVDS Omega Ratio Rank: 1
NVDS Calmar Ratio Rank: 1
NVDS Martin Ratio Rank: 1

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. NVDS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axs Green Alpha ETF (NXTE) and Tradr 1.25X NVDA Bear Daily ETF (NVDS). 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.

	NXTE	NVDS	Difference
Sharpe ratio Return per unit of total volatility	2.76	-1.14	+3.90
Sortino ratio Return per unit of downside risk	3.57	-1.91	+5.48
Omega ratio Gain probability vs. loss probability	1.44	0.79	+0.65
Calmar ratio Return relative to maximum drawdown	5.01	-0.97	+5.98
Martin ratio Return relative to average drawdown	16.09	-1.53	+17.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NXTE vs. NVDS - Sharpe Ratio Comparison

The current NXTE Sharpe Ratio is 2.76, which is higher than the NVDS Sharpe Ratio of -1.14. The chart below compares the historical Sharpe Ratios of NXTE and NVDS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NXTE	NVDS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.76	-1.14	+3.90
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	-1.03	+1.71

Drawdowns

NXTE vs. NVDS - Drawdown Comparison

The maximum NXTE drawdown since its inception was -28.64%, smaller than the maximum NVDS drawdown of -99.40%. Use the drawdown chart below to compare losses from any high point for NXTE and NVDS.

Drawdown Indicators

	NXTE	NVDS	Difference
Max Drawdown Largest peak-to-trough decline	-28.64%	-99.40%	+70.76%
Max Drawdown (1Y) Largest decline over 1 year	-13.68%	-59.88%	+46.20%
Max Drawdown (3Y) Largest decline over 3 years	-27.24%	-96.32%	+69.08%
Current Drawdown Current decline from peak	0.00%	-99.35%	+99.35%
Average Drawdown Average peak-to-trough decline	-7.89%	-83.38%	+75.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.26%	38.60%	-34.34%

Volatility

NXTE vs. NVDS - Volatility Comparison

The current volatility for Axs Green Alpha ETF (NXTE) is 9.18%, while Tradr 1.25X NVDA Bear Daily ETF (NVDS) has a volatility of 18.32%. This indicates that NXTE experiences smaller price fluctuations and is considered to be less risky than NVDS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NXTE	NVDS	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.18%	18.32%	-9.14%
Volatility (6M) Calculated over the trailing 6-month period	19.31%	38.28%	-18.97%
Volatility (1Y) Calculated over the trailing 1-year period	24.52%	50.88%	-26.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.00%	68.85%	-42.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.00%	68.85%	-42.85%

NXTE vs. NVDS - Expense Ratio Comparison

NXTE has a 1.00% expense ratio, which is lower than NVDS's 1.15% expense ratio.

Dividends

NXTE vs. NVDS - Dividend Comparison

NXTE's dividend yield for the trailing twelve months is around 0.37%, less than NVDS's 20.07% yield.

Position	TTM	2025	2024	2023	2022
NVDS Tradr 1.25X NVDA Bear Daily ETF	20.07%	14.19%	14.11%	14.69%	5.72%
NXTE Axs Green Alpha ETF	0.37%	0.36%	0.52%	0.76%	0.13%

Frequently Asked Questions

Can I hold both NXTE and NVDS in my portfolio?

NXTE and NVDS have a correlation of -0.44, 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 NVDS?

NVDS has higher volatility (18.32%) compared to NXTE (9.18%). In terms of maximum drawdown, NXTE dropped -28.64% vs NVDS's -99.40%.

Which ETF is better, NXTE or NVDS?

On 3-year performance, NXTE leads with 18.88% vs -65.20% for NVDS. On fees, NXTE is cheaper at 1.00% per year. On volatility, NXTE has been the lower-risk option at 9.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NXTE or NVDS?

Over the 3-year period, NXTE has performed better with a 18.88% return vs -65.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NXTE or NVDS?

NXTE is cheaper with a 1.00% expense ratio, compared with 1.15% for NVDS.

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

NVDS has the higher dividend yield at 20.07%, compared with 0.37% for NXTE.

What is the main difference between NXTE and NVDS?

NXTE is categorized as Global Equities, while NVDS is Inverse Equities. Their fees differ too: 1.00% for NXTE and 1.15% for NVDS.

Which has better risk-adjusted returns?

NXTE currently has the higher Sharpe Ratio (2.76 vs -1.14), 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.