NXTE vs. TARK

Last updated Jun 26, 2026

NXTE (Axs Green Alpha ETF) and TARK (Tradr 2X Long Innovation ETF) are both exchange-traded funds - NXTE is a Global Equities fund actively managed by AXS, while TARK is a Leveraged Equities fund actively managed by AXS. Both are actively managed. Over the past 3 years, NXTE returned 19.93%/yr vs 18.16%/yr for TARK. A 0.79 correlation means they provide meaningful diversification when combined. NXTE charges 1.00%/yr vs 1.15%/yr for TARK.

Performance

NXTE vs. TARK - Performance Comparison

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

Returns By Period

In the year-to-date period, NXTE achieves a 36.99% return, which is significantly higher than TARK's -11.39% return.

NXTE

• 1D: 3.00%
• 1M: 5.67%
• YTD: 36.99%
• 6M: 35.15%
• 1Y: 57.38%
• 3Y*: 19.93%
• 5Y*: —
• 10Y*: —

TARK

• 1D: -0.56%
• 1M: -3.75%
• YTD: -11.39%
• 6M: -19.01%
• 1Y: -1.04%
• 3Y*: 18.16%
• 5Y*: —
• 10Y*: —

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

NXTE vs. TARK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NXTE Axs Green Alpha ETF	36.99%	21.84%	-3.42%	13.85%	-1.52%
TARK Tradr 2X Long Innovation ETF	-11.39%	41.00%	-4.85%	121.37%	-46.31%

Correlation

The correlation between NXTE and TARK is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (All Time) Calculated using the full available price history since Sep 29, 2022	0.79

The correlation between NXTE and TARK has been stable across timeframes, ranging from 0.77 to 0.79 - a consistent structural relationship.

Return for Risk

NXTE vs. TARK — Risk / Return Rank

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

NXTE

NXTE Risk / Return Rank: 74
NXTE Sharpe Ratio Rank: 74
NXTE Sortino Ratio Rank: 67
NXTE Omega Ratio Rank: 67
NXTE Calmar Ratio Rank: 86
NXTE Martin Ratio Rank: 77

TARK

TARK Risk / Return Rank: 10
TARK Sharpe Ratio Rank: 9
TARK Sortino Ratio Rank: 12
TARK Omega Ratio Rank: 11
TARK Calmar Ratio Rank: 9
TARK Martin Ratio Rank: 9

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. TARK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axs Green Alpha ETF (NXTE) and Tradr 2X Long Innovation ETF (TARK). 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	TARK	Difference
Sharpe ratio: Return per unit of total volatility	2.08	-0.01	+2.09
Sortino ratio: Return per unit of downside risk	2.71	0.49	+2.22
Omega ratio: Gain probability vs. loss probability	1.35	1.06	+0.29
Calmar ratio: Return relative to maximum drawdown	4.22	-0.02	+4.23
Martin ratio: Return relative to average drawdown	12.96	-0.03	+13.00

NXTE vs. TARK - Sharpe Ratio Comparison

The current NXTE Sharpe Ratio is 2.08, which is higher than the TARK Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of NXTE and TARK, 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. TARK - Drawdown Comparison

The maximum NXTE drawdown since its inception was -28.64%, smaller than the maximum TARK drawdown of -77.82%. Use the drawdown chart below to compare losses from any high point for NXTE and TARK.

Drawdown Indicators

	NXTE	TARK	Difference
Max Drawdown Largest peak-to-trough decline	-28.64%	-77.82%	+49.18%
Max Drawdown (1Y) Largest decline over 1 year	-13.68%	-57.57%	+43.89%
Max Drawdown (3Y) Largest decline over 3 years	-27.24%	-65.55%	+38.31%
Current Drawdown Current decline from peak	-2.92%	-41.70%	+38.78%
Average Drawdown Average peak-to-trough decline	-7.82%	-50.78%	+42.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.44%	30.93%	-26.49%

Volatility

NXTE vs. TARK - Volatility Comparison

The current volatility for Axs Green Alpha ETF (NXTE) is 14.47%, while Tradr 2X Long Innovation ETF (TARK) has a volatility of 24.84%. This indicates that NXTE experiences smaller price fluctuations and is considered to be less risky than TARK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NXTE	TARK	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.47%	24.84%	-10.37%
Volatility (6M) Calculated over the trailing 6-month period	23.36%	52.91%	-29.55%
Volatility (1Y) Calculated over the trailing 1-year period	27.79%	71.22%	-43.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.72%	90.58%	-63.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.72%	90.58%	-63.86%

NXTE vs. TARK - Expense Ratio Comparison

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

Dividends

NXTE vs. TARK - Dividend Comparison

NXTE's dividend yield for the trailing twelve months is around 0.48%, less than TARK's 33.85% yield.

Position	TTM	2025	2024	2023	2022
NXTE Axs Green Alpha ETF	0.48%	0.36%	0.52%	0.76%	0.13%
TARK Tradr 2X Long Innovation ETF	33.85%	30.00%	0.59%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NXTE and TARK in my portfolio?

NXTE and TARK have a correlation of 0.77, 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 TARK?

TARK has higher volatility (24.84%) compared to NXTE (14.47%). In terms of maximum drawdown, NXTE dropped -28.64% vs TARK's -77.82%.

Which ETF is better, NXTE or TARK?

On 3-year performance, NXTE leads with 19.93% vs 18.16% for TARK. On fees, NXTE is cheaper at 1.00% per year. On volatility, NXTE has been the lower-risk option at 14.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NXTE or TARK?

Over the 3-year period, NXTE has performed better with a 19.93% return vs 18.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NXTE or TARK?

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

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

TARK has the higher dividend yield at 33.85%, compared with 0.48% for NXTE.

What is the main difference between NXTE and TARK?

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

Which has better risk-adjusted returns?

NXTE currently has the higher Sharpe Ratio (2.08 vs -0.01), 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.