NXTE vs. SPYQ

Last updated Apr 2, 2026

Compare and contrast key facts about Axs Green Alpha ETF (NXTE) and Tradr 2X Long SPY Quarterly ETF (SPYQ).

NXTE and SPYQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NXTE is an actively managed fund by AXS. It was launched on Sep 27, 2022. SPYQ is an actively managed fund by AXS. It was launched on Sep 30, 2024.

Performance

NXTE vs. SPYQ - Performance Comparison

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

NXTE vs. SPYQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NXTE Axs Green Alpha ETF	3.01%	21.84%	-4.63%
SPYQ Tradr 2X Long SPY Quarterly ETF	-8.99%	26.22%	4.76%

Returns By Period

In the year-to-date period, NXTE achieves a 3.01% return, which is significantly higher than SPYQ's -8.99% return.

NXTE

• 1D: 1.31%
• 1M: -6.36%
• YTD: 3.01%
• 6M: 0.45%
• 1Y: 34.12%
• 3Y*: 8.10%
• 5Y*: —
• 10Y*: —

SPYQ

• 1D: 1.61%
• 1M: -9.38%
• YTD: -8.99%
• 6M: -6.56%
• 1Y: 27.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NXTE vs. SPYQ - Expense Ratio Comparison

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

SPYQ

Tradr 2X Long SPY Quarterly ETF

NXTE

Axs Green Alpha ETF

Return for Risk

NXTE vs. SPYQ — Risk / Return Rank

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

NXTE

NXTE Risk / Return Rank: 70
NXTE Sharpe Ratio Rank: 69
NXTE Sortino Ratio Rank: 71
NXTE Omega Ratio Rank: 61
NXTE Calmar Ratio Rank: 79
NXTE Martin Ratio Rank: 68

SPYQ

SPYQ Risk / Return Rank: 45
SPYQ Sharpe Ratio Rank: 36
SPYQ Sortino Ratio Rank: 43
SPYQ Omega Ratio Rank: 48
SPYQ Calmar Ratio Rank: 43
SPYQ Martin Ratio Rank: 53

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. SPYQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axs Green Alpha ETF (NXTE) and Tradr 2X Long SPY Quarterly ETF (SPYQ). 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	SPYQ	Difference
Sharpe ratio Return per unit of total volatility	1.30	0.72	+0.57
Sortino ratio Return per unit of downside risk	1.88	1.28	+0.60
Omega ratio Gain probability vs. loss probability	1.24	1.19	+0.04
Calmar ratio Return relative to maximum drawdown	2.45	1.19	+1.26
Martin ratio Return relative to average drawdown	7.72	5.36	+2.36
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. SPYQ - Sharpe Ratio Comparison

The current NXTE Sharpe Ratio is 1.30, which is higher than the SPYQ Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of NXTE and SPYQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NXTE	SPYQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	0.72	+0.57
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.37	-0.01

Correlation

The correlation between NXTE and SPYQ is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

NXTE vs. SPYQ - Dividend Comparison

NXTE's dividend yield for the trailing twelve months is around 0.49%, more than SPYQ's 0.18% yield.

	TTM	2025	2024	2023	2022
NXTE Axs Green Alpha ETF	0.49%	0.36%	0.52%	0.76%	0.13%
SPYQ Tradr 2X Long SPY Quarterly ETF	0.18%	0.17%	0.00%	0.00%	0.00%

Drawdowns

NXTE vs. SPYQ - Drawdown Comparison

The maximum NXTE drawdown since its inception was -28.64%, smaller than the maximum SPYQ drawdown of -35.88%. Use the drawdown chart below to compare losses from any high point for NXTE and SPYQ.

Drawdown Indicators

	NXTE	SPYQ	Difference
Max Drawdown Largest peak-to-trough decline	-28.64%	-35.88%	+7.24%
Max Drawdown (1Y) Largest decline over 1 year	-13.99%	-23.97%	+9.98%
Current Drawdown Current decline from peak	-8.64%	-12.20%	+3.56%
Average Drawdown Average peak-to-trough decline	-8.17%	-5.24%	-2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.44%	5.32%	-0.88%

Volatility

NXTE vs. SPYQ - Volatility Comparison

The current volatility for Axs Green Alpha ETF (NXTE) is 10.00%, while Tradr 2X Long SPY Quarterly ETF (SPYQ) has a volatility of 11.25%. This indicates that NXTE experiences smaller price fluctuations and is considered to be less risky than SPYQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NXTE	SPYQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.00%	11.25%	-1.25%
Volatility (6M) Calculated over the trailing 6-month period	18.90%	19.44%	-0.54%
Volatility (1Y) Calculated over the trailing 1-year period	26.46%	38.66%	-12.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.75%	35.78%	-10.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.75%	35.78%	-10.03%