NXTE vs. UFO

Last updated Jun 5, 2026

NXTE (Axs Green Alpha ETF) and UFO (Procure Space ETF) are both Global Equities funds. NXTE is actively managed, while UFO is passively managed. Over the past 3 years, NXTE returned 18.45%/yr vs 48.04%/yr for UFO. A 0.67 correlation means they provide meaningful diversification when combined. NXTE charges 1.00%/yr vs 0.75%/yr for UFO.

Performance

NXTE vs. UFO - Performance Comparison

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

Returns By Period

In the year-to-date period, NXTE achieves a 35.18% return, which is significantly lower than UFO's 53.53% return.

NXTE

• 1D: -0.69%
• 1M: 14.44%
• YTD: 35.18%
• 6M: 33.52%
• 1Y: 62.19%
• 3Y*: 18.45%
• 5Y*: —
• 10Y*: —

UFO

• 1D: 2.77%
• 1M: 16.90%
• YTD: 53.53%
• 6M: 68.11%
• 1Y: 138.54%
• 3Y*: 48.04%
• 5Y*: 16.24%
• 10Y*: —

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

NXTE vs. UFO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NXTE Axs Green Alpha ETF	35.18%	21.84%	-3.42%	13.85%	-1.33%
UFO Procure Space ETF	53.53%	67.36%	27.22%	-2.34%	9.99%

Correlation

The correlation between NXTE and UFO is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022	0.67

The correlation between NXTE and UFO has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.

NXTE vs. UFO - Sectors Allocation Comparison

Sectors	NXTE	UFO
Technology	48.5%	22.0%
Industrials	17.6%	47.2%
Healthcare	11.3%	-
Real Estate	10.9%	-
Consumer Cyclical	4.1%	-
Utilities	2.2%	-
Consumer Defensive	2.1%	-
Communication Services	1.9%	30.8%
Financial Services	1.5%	-
Basic Materials	0.5%	-
Energy	-	-

Return for Risk

NXTE vs. UFO — Risk / Return Rank

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

NXTE

NXTE Risk / Return Rank: 78
NXTE Sharpe Ratio Rank: 80
NXTE Sortino Ratio Rank: 76
NXTE Omega Ratio Rank: 70
NXTE Calmar Ratio Rank: 85
NXTE Martin Ratio Rank: 77

UFO

UFO Risk / Return Rank: 89
UFO Sharpe Ratio Rank: 94
UFO Sortino Ratio Rank: 88
UFO Omega Ratio Rank: 81
UFO Calmar Ratio Rank: 93
UFO Martin Ratio Rank: 90

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. UFO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axs Green Alpha ETF (NXTE) and Procure Space ETF (UFO). 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	UFO	Difference
Sharpe ratio: Return per unit of total volatility	2.55	3.66	-1.11
Sortino ratio: Return per unit of downside risk	3.36	4.00	-0.63
Omega ratio: Gain probability vs. loss probability	1.41	1.48	-0.07
Calmar ratio: Return relative to maximum drawdown	4.57	6.35	-1.78
Martin ratio: Return relative to average drawdown	14.64	20.55	-5.90
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. UFO - Sharpe Ratio Comparison

The current NXTE Sharpe Ratio is 2.55, which is lower than the UFO Sharpe Ratio of 3.66. The chart below compares the historical Sharpe Ratios of NXTE and UFO, 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	UFO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.55	3.66	-1.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.47	+0.19

Drawdowns

NXTE vs. UFO - Drawdown Comparison

The maximum NXTE drawdown since its inception was -28.64%, smaller than the maximum UFO drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for NXTE and UFO.

Drawdown Indicators

	NXTE	UFO	Difference
Max Drawdown Largest peak-to-trough decline	-28.64%	-50.33%	+21.69%
Max Drawdown (1Y) Largest decline over 1 year	-13.68%	-21.95%	+8.27%
Max Drawdown (3Y) Largest decline over 3 years	-27.24%	-25.91%	-1.33%
Max Drawdown (5Y) Largest decline over 5 years	—	-50.33%	—
Current Drawdown Current decline from peak	-1.30%	-12.48%	+11.18%
Average Drawdown Average peak-to-trough decline	-7.87%	-21.81%	+13.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.26%	6.77%	-2.51%

Volatility

NXTE vs. UFO - Volatility Comparison

The current volatility for Axs Green Alpha ETF (NXTE) is 9.29%, while Procure Space ETF (UFO) has a volatility of 16.68%. This indicates that NXTE experiences smaller price fluctuations and is considered to be less risky than UFO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NXTE	UFO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.29%	16.68%	-7.39%
Volatility (6M) Calculated over the trailing 6-month period	19.31%	31.33%	-12.02%
Volatility (1Y) Calculated over the trailing 1-year period	24.52%	38.15%	-13.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.98%	29.94%	-3.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.98%	30.76%	-4.78%

NXTE vs. UFO - Expense Ratio Comparison

NXTE has a 1.00% expense ratio, which is higher than UFO's 0.75% expense ratio.

Dividends

NXTE vs. UFO - Dividend Comparison

NXTE's dividend yield for the trailing twelve months is around 0.37%, more than UFO's 0.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
NXTE Axs Green Alpha ETF	0.37%	0.36%	0.52%	0.76%	0.13%	0.00%	0.00%	0.00%
UFO Procure Space ETF	0.28%	0.46%	1.98%	1.90%	3.19%	1.00%	1.07%	0.45%

Frequently Asked Questions

Can I hold both NXTE and UFO in my portfolio?

NXTE and UFO have a correlation of 0.61, 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 UFO?

UFO has higher volatility (16.68%) compared to NXTE (9.29%). In terms of maximum drawdown, NXTE dropped -28.64% vs UFO's -50.33%.

Which ETF is better, NXTE or UFO?

On 3-year performance, UFO leads with 48.04% vs 18.45% for NXTE. On fees, UFO is cheaper at 0.75% per year. On volatility, NXTE has been the lower-risk option at 9.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NXTE or UFO?

Over the 3-year period, UFO has performed better with a 48.04% return vs 18.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NXTE or UFO?

UFO is cheaper with a 0.75% expense ratio, compared with 1.00% for NXTE.

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

NXTE has the higher dividend yield at 0.37%, compared with 0.28% for UFO.

What is the main difference between NXTE and UFO?

They also come from different issuers: AXS and ProcureAM. Their fees differ too: 1.00% for NXTE and 0.75% for UFO.

Which has better risk-adjusted returns?

UFO currently has the higher Sharpe Ratio (3.66 vs 2.55), 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.