NXTE vs. PPI

Last updated Jun 3, 2026

NXTE (Axs Green Alpha ETF) and PPI (AXS Astoria Inflation Sensitive ETF) are both exchange-traded funds - NXTE is a Global Equities fund actively managed by AXS, while PPI is a Global Allocation fund actively managed by AXS. Both are actively managed. A 0.50 correlation means they provide meaningful diversification when combined. NXTE charges 1.00%/yr vs 0.76%/yr for PPI.

Performance

NXTE vs. PPI - Performance Comparison

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

Returns By Period

NXTE

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

PPI

• 1D: 1.01%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NXTE vs. PPI - Yearly Performance Comparison

	2026 (YTD)
NXTE Axs Green Alpha ETF	3.50%
PPI AXS Astoria Inflation Sensitive ETF	-0.46%

Correlation

The correlation between NXTE and PPI is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.50

NXTE vs. PPI - Sectors Allocation Comparison

Sectors	NXTE	PPI
Technology	48.5%	0.6%
Industrials	17.6%	31.4%
Healthcare	11.3%	-
Real Estate	10.9%	15.1%
Consumer Cyclical	4.1%	0.6%
Utilities	2.2%	18.7%
Consumer Defensive	2.1%	-
Communication Services	1.9%	-
Financial Services	1.5%	-
Basic Materials	0.5%	10.6%
Energy	-	23.1%

Return for Risk

NXTE vs. PPI — 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

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. PPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axs Green Alpha ETF (NXTE) and AXS Astoria Inflation Sensitive ETF (PPI). 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	PPI	Difference
Sharpe ratio Return per unit of total volatility	2.76	—	—
Sortino ratio Return per unit of downside risk	3.57	—	—
Omega ratio Gain probability vs. loss probability	1.44	—	—
Calmar ratio Return relative to maximum drawdown	5.01	—	—
Martin ratio Return relative to average drawdown	16.09	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NXTE	PPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.76	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	-2.46	+3.14

Drawdowns

NXTE vs. PPI - Drawdown Comparison

The maximum NXTE drawdown since its inception was -28.64%, which is greater than PPI's maximum drawdown of -1.46%. Use the drawdown chart below to compare losses from any high point for NXTE and PPI.

Drawdown Indicators

	NXTE	PPI	Difference
Max Drawdown Largest peak-to-trough decline	-28.64%	-1.46%	-27.18%
Max Drawdown (1Y) Largest decline over 1 year	-13.68%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.24%	—	—
Current Drawdown Current decline from peak	0.00%	-0.46%	+0.46%
Average Drawdown Average peak-to-trough decline	-7.89%	-0.86%	-7.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.26%	—	—

Volatility

Volatility by Period

	NXTE	PPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.52%	15.98%	+8.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.00%	15.98%	+10.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.00%	15.98%	+10.02%

NXTE vs. PPI - Expense Ratio Comparison

NXTE has a 1.00% expense ratio, which is higher than PPI's 0.76% expense ratio.

Dividends

NXTE vs. PPI - Dividend Comparison

NXTE's dividend yield for the trailing twelve months is around 0.37%, while PPI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
NXTE Axs Green Alpha ETF	0.37%	0.36%	0.52%	0.76%	0.13%
PPI AXS Astoria Inflation Sensitive ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NXTE and PPI in my portfolio?

NXTE and PPI have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NXTE or PPI?

On fees, PPI is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NXTE or PPI?

PPI is cheaper with a 0.76% expense ratio, compared with 1.00% for NXTE.

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

NXTE has the higher dividend yield at 0.37%, compared with 0.00% for PPI.

What is the main difference between NXTE and PPI?

NXTE is categorized as Global Equities, while PPI is Global Allocation. Their fees differ too: 1.00% for NXTE and 0.76% for PPI.