NXTE vs. QBTX

Last updated Aug 5, 2026

NXTE (Axs Green Alpha ETF) and QBTX (Tradr 2X Long QBTS Daily ETF) are both exchange-traded funds - NXTE is a Global Equities fund actively managed by AXS, while QBTX is a Leveraged Equities fund actively managed by AXS. Both are actively managed. Over the past year, NXTE returned 38.44% vs -58.40% for QBTX. Their 0.53 correlation means they have sometimes moved together and sometimes differently. NXTE charges 1.00%/yr vs 1.30%/yr for QBTX.

Performance

NXTE vs. QBTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Axs Green Alpha ETF (NXTE) and Tradr 2X Long QBTS Daily ETF (QBTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NXTE achieves a 22.67% return, which is significantly higher than QBTX's -66.99% return.

NXTE

• 1D: 4.31%
• 1M: -7.16%
• 6M: 12.96%
• YTD: 22.67%
• 1Y: 38.44%
• 3Y*: 14.45%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.33%

QBTX

• 1D: 18.18%
• 1M: -17.58%
• 6M: -46.73%
• YTD: -66.99%
• 1Y: -58.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 33.81%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NXTE Axs Green Alpha ETF	$193.74K	$136.30K	$197.70K
QBTX Tradr 2X Long QBTS Daily ETF	$20.59M	$16.85M	$40.33M

NXTE vs. QBTX - Yearly Performance Comparison

	2026 (YTD)	2025
NXTE Axs Green Alpha ETF	22.67%	30.60%
QBTX Tradr 2X Long QBTS Daily ETF	-66.99%	339.28%

Correlation

The correlation between NXTE and QBTX is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.57
Correlation (All Time) Calculated using the full available price history since Apr 25, 2025	0.53

The correlation between NXTE and QBTX has been stable across timeframes, ranging from 0.53 to 0.57 - a consistent structural relationship.

Return for Risk

NXTE vs. QBTX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NXTE

NXTE Risk / Return Rank: 45
NXTE Sharpe Ratio Rank: 44
NXTE Sortino Ratio Rank: 43
NXTE Omega Ratio Rank: 42
NXTE Calmar Ratio Rank: 44
NXTE Martin Ratio Rank: 51

QBTX

QBTX Risk / Return Rank: 13
QBTX Sharpe Ratio Rank: 7
QBTX Sortino Ratio Rank: 26
QBTX Omega Ratio Rank: 23
QBTX Calmar Ratio Rank: 4
QBTX Martin Ratio Rank: 5

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NXTE vs. QBTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axs Green Alpha ETF (NXTE) and Tradr 2X Long QBTS Daily ETF (QBTX). 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	QBTX	Difference
Sharpe ratio: Return per unit of total volatility	1.27	-0.27	+1.53
Sortino ratio: Return per unit of downside risk	1.82	1.06	+0.76
Omega ratio: Gain probability vs. loss probability	1.23	1.11	+0.11
Calmar ratio: Return relative to maximum drawdown	1.80	-0.61	+2.41
Martin ratio: Return relative to average drawdown	6.58	-0.78	+7.36

NXTE vs. QBTX - Sharpe Ratio Comparison

The current NXTE Sharpe Ratio is 1.27, which is higher than the QBTX Sharpe Ratio of -0.27. The chart below compares the historical Sharpe Ratios of NXTE and QBTX, 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. QBTX - Drawdown Comparison

The maximum NXTE drawdown since its inception was -28.64%, smaller than the maximum QBTX drawdown of -95.48%. Use the drawdown chart below to compare losses from any high point for NXTE and QBTX.

Drawdown Indicators

	NXTE	QBTX	Difference
Max Drawdown Largest peak-to-trough decline	-28.64%	-95.48%	+66.84%
Max Drawdown (1Y) Largest decline over 1 year	-21.50%	-95.48%	+73.98%
Max Drawdown (3Y) Largest decline over 3 years	-27.24%	—	—
Current Drawdown Current decline from peak	-13.37%	-92.38%	+79.01%
Average Drawdown Average peak-to-trough decline	-7.92%	-60.55%	+52.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.86%	75.24%	-69.38%

Volatility

NXTE vs. QBTX - Volatility Comparison

The current volatility for Axs Green Alpha ETF (NXTE) is 11.74%, while Tradr 2X Long QBTS Daily ETF (QBTX) has a volatility of 63.81%. This indicates that NXTE experiences smaller price fluctuations and is considered to be less risky than QBTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NXTE	QBTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.74%	63.81%	-52.07%
Volatility (6M) Calculated over the trailing 6-month period	26.27%	150.70%	-124.43%
Volatility (1Y) Calculated over the trailing 1-year period	30.51%	221.08%	-190.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.24%	238.32%	-211.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.24%	238.32%	-211.08%

NXTE vs. QBTX - Expense Ratio Comparison

NXTE has a 1.00% expense ratio, which is lower than QBTX's 1.30% expense ratio.

Dividends

NXTE vs. QBTX - Dividend Comparison

NXTE's dividend yield for the trailing twelve months is around 0.54%, less than QBTX's 39.97% yield.

Position	TTM	2025	2024	2023	2022
NXTE Axs Green Alpha ETF	0.54%	0.36%	0.52%	0.76%	0.13%
QBTX Tradr 2X Long QBTS Daily ETF	39.97%	13.20%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NXTE and QBTX in my portfolio?

NXTE and QBTX have a correlation of 0.57, 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 QBTX?

QBTX has higher volatility (63.81%) compared to NXTE (11.74%). In terms of maximum drawdown, NXTE dropped -28.64% vs QBTX's -95.48%.

Which ETF is better, NXTE or QBTX?

On 1-year performance, NXTE leads with 38.44% vs -58.40% for QBTX. On fees, NXTE is cheaper at 1.00% per year. On volatility, NXTE has been the lower-risk option at 11.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NXTE or QBTX?

Over the 1-year period, NXTE has performed better with a 38.44% return vs -58.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NXTE or QBTX?

NXTE is cheaper with a 1.00% expense ratio, compared with 1.30% for QBTX.

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

QBTX has the higher dividend yield at 39.97%, compared with 0.54% for NXTE.

What is the main difference between NXTE and QBTX?

NXTE is categorized as Global Equities, while QBTX is Leveraged Equities. Their fees differ too: 1.00% for NXTE and 1.30% for QBTX.

Which has better risk-adjusted returns?

NXTE currently has the higher Sharpe Ratio (1.27 vs -0.27), 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.