NXTE vs. UFO

Last updated Aug 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 14.45%/yr vs 36.18%/yr for UFO. Their 0.66 correlation means they have sometimes moved together and sometimes differently. 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

The year-to-date returns for both investments are quite close, with NXTE having a 22.67% return and UFO slightly higher at 23.23%.

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%

UFO

• 1D: 4.66%
• 1M: -6.12%
• 6M: 4.43%
• YTD: 23.23%
• 1Y: 58.46%
• 3Y*: 36.18%
• 5Y*: 11.47%
• 10Y*: —
• ALL TIME*: 10.71%

*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
UFO Procure Space ETF	$24.85M	$26.71M	$70.03M

NXTE vs. UFO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NXTE Axs Green Alpha ETF	22.67%	21.84%	-3.42%	13.85%	-1.52%
UFO Procure Space ETF	23.23%	67.36%	27.22%	-2.34%	6.58%

Correlation

The correlation between NXTE and UFO is 0.59, 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.	0.59
Correlation (3Y) Balances recent behavior with more history.	0.64
Correlation (All Time) Calculated using the full available price history since Sep 29, 2022	0.66

The correlation between NXTE and UFO has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.

NXTE vs. UFO - Sectors Allocation Comparison

Sectors	NXTE	UFO
Technology	53.1%	20.8%
Industrials	13.5%	48.9%
Real Estate	13.3%	-
Healthcare	9.4%	-
Consumer Cyclical	3.1%	-
Utilities	2.3%	-
Consumer Defensive	2.1%	-
Communication Services	1.8%	28.8%
Basic Materials	0.5%	-
Financial Services	0.2%	0.0%
Energy	0.2%	-

Return for Risk

NXTE vs. UFO — 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

UFO

UFO Risk / Return Rank: 44
UFO Sharpe Ratio Rank: 50
UFO Sortino Ratio Rank: 50
UFO Omega Ratio Rank: 45
UFO Calmar Ratio Rank: 41
UFO Martin Ratio Rank: 37

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. 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.

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	UFO	Difference
Sharpe ratio: Return per unit of total volatility	1.27	1.40	-0.13
Sortino ratio: Return per unit of downside risk	1.82	2.01	-0.19
Omega ratio: Gain probability vs. loss probability	1.23	1.23	-0.01
Calmar ratio: Return relative to maximum drawdown	1.80	1.60	+0.20
Martin ratio: Return relative to average drawdown	6.58	4.25	+2.33

NXTE vs. UFO - Sharpe Ratio Comparison

The current NXTE Sharpe Ratio is 1.27, which is comparable to the UFO Sharpe Ratio of 1.40. 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.

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	-21.50%	-36.71%	+15.21%
Max Drawdown (3Y) Largest decline over 3 years	-27.24%	-36.71%	+9.47%
Max Drawdown (5Y) Largest decline over 5 years	—	-49.95%	—
Current Drawdown Current decline from peak	-13.37%	-29.75%	+16.38%
Average Drawdown Average peak-to-trough decline	-7.92%	-21.97%	+14.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.86%	13.81%	-7.95%

Volatility

NXTE vs. UFO - Volatility Comparison

Axs Green Alpha ETF (NXTE) has a higher volatility of 11.74% compared to Procure Space ETF (UFO) at 10.27%. This indicates that NXTE's price experiences larger fluctuations and is considered to be riskier 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	11.74%	10.27%	+1.47%
Volatility (6M) Calculated over the trailing 6-month period	26.27%	33.05%	-6.78%
Volatility (1Y) Calculated over the trailing 1-year period	30.51%	42.11%	-11.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.24%	31.02%	-3.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.24%	31.30%	-4.06%

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 0.54%, more than UFO's 0.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
NXTE Axs Green Alpha ETF	0.54%	0.36%	0.52%	0.76%	0.13%	0.00%	0.00%	0.00%
UFO Procure Space ETF	0.31%	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 0.59, 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?

NXTE has higher volatility (11.74%) compared to UFO (10.27%). 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 36.18% vs 14.45% for NXTE. On fees, UFO is cheaper at 0.75% per year. On volatility, UFO has been the lower-risk option at 10.27%. 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 36.18% return vs 14.45%. 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 0.54%, compared with 0.31% for UFO.

What is the main difference between NXTE and UFO?

They also come from different issuers: AXS and Procure. 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 (1.40 vs 1.27), 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.