NXTE vs. VOLT

Last updated Jun 25, 2026

NXTE (Axs Green Alpha ETF) and VOLT (Tema Electrification ETF) are both Global Equities funds. Both are actively managed. Over the past year, NXTE returned 51.11% vs 64.21% for VOLT. A 0.71 correlation means they provide meaningful diversification when combined. NXTE charges 1.00%/yr vs 0.75%/yr for VOLT.

Performance

NXTE vs. VOLT - Performance Comparison

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

Returns By Period

In the year-to-date period, NXTE achieves a 33.00% return, which is significantly lower than VOLT's 41.30% return.

NXTE

• 1D: -0.59%
• 1M: 7.18%
• YTD: 33.00%
• 6M: 31.22%
• 1Y: 51.11%
• 3Y*: 18.97%
• 5Y*: —
• 10Y*: —

VOLT

• 1D: 0.71%
• 1M: 3.23%
• YTD: 41.30%
• 6M: 38.97%
• 1Y: 64.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NXTE vs. VOLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NXTE Axs Green Alpha ETF	33.00%	21.84%	-7.15%
VOLT Tema Electrification ETF	41.30%	25.92%	-8.98%

Correlation

The correlation between NXTE and VOLT is 0.67, 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	0.67
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.71

The correlation between NXTE and VOLT has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.

NXTE vs. VOLT - Sectors Allocation Comparison

Sectors	NXTE	VOLT
Technology	53.6%	12.9%
Industrials	15.7%	47.0%
Real Estate	10.1%	-
Healthcare	10.0%	-
Consumer Cyclical	3.7%	3.4%
Utilities	2.1%	31.0%
Consumer Defensive	1.8%	-
Communication Services	1.6%	-
Financial Services	1.3%	0.5%
Basic Materials	0.5%	-
Energy	-	4.7%

Return for Risk

NXTE vs. VOLT — Risk / Return Rank

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

NXTE

NXTE Risk / Return Rank: 67
NXTE Sharpe Ratio Rank: 65
NXTE Sortino Ratio Rank: 61
NXTE Omega Ratio Rank: 60
NXTE Calmar Ratio Rank: 81
NXTE Martin Ratio Rank: 71

VOLT

VOLT Risk / Return Rank: 91
VOLT Sharpe Ratio Rank: 93
VOLT Sortino Ratio Rank: 90
VOLT Omega Ratio Rank: 88
VOLT Calmar Ratio Rank: 95
VOLT Martin Ratio Rank: 91

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. VOLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axs Green Alpha ETF (NXTE) and Tema Electrification ETF (VOLT). 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	VOLT	Difference
Sharpe ratio: Return per unit of total volatility	1.86	2.97	-1.11
Sortino ratio: Return per unit of downside risk	2.48	3.69	-1.21
Omega ratio: Gain probability vs. loss probability	1.32	1.49	-0.17
Calmar ratio: Return relative to maximum drawdown	3.76	6.73	-2.97
Martin ratio: Return relative to average drawdown	11.56	18.83	-7.27

NXTE vs. VOLT - Sharpe Ratio Comparison

The current NXTE Sharpe Ratio is 1.86, which is lower than the VOLT Sharpe Ratio of 2.97. The chart below compares the historical Sharpe Ratios of NXTE and VOLT, 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. VOLT - Drawdown Comparison

The maximum NXTE drawdown since its inception was -28.64%, which is greater than VOLT's maximum drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for NXTE and VOLT.

Drawdown Indicators

	NXTE	VOLT	Difference
Max Drawdown Largest peak-to-trough decline	-28.64%	-23.40%	-5.24%
Max Drawdown (1Y) Largest decline over 1 year	-13.68%	-9.59%	-4.09%
Max Drawdown (3Y) Largest decline over 3 years	-27.24%	—	—
Current Drawdown Current decline from peak	-5.75%	-2.81%	-2.94%
Average Drawdown Average peak-to-trough decline	-7.82%	-5.14%	-2.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.44%	3.42%	+1.02%

Volatility

NXTE vs. VOLT - Volatility Comparison

Axs Green Alpha ETF (NXTE) has a higher volatility of 14.81% compared to Tema Electrification ETF (VOLT) at 9.34%. This indicates that NXTE's price experiences larger fluctuations and is considered to be riskier than VOLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NXTE	VOLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.81%	9.34%	+5.47%
Volatility (6M) Calculated over the trailing 6-month period	23.21%	18.28%	+4.93%
Volatility (1Y) Calculated over the trailing 1-year period	27.71%	21.74%	+5.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.70%	24.53%	+2.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.70%	24.53%	+2.17%

NXTE vs. VOLT - Expense Ratio Comparison

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

Dividends

NXTE vs. VOLT - Dividend Comparison

NXTE's dividend yield for the trailing twelve months is around 0.38%, more than VOLT's 0.32% yield.

Position	TTM	2025	2024	2023	2022
NXTE Axs Green Alpha ETF	0.38%	0.36%	0.52%	0.76%	0.13%
VOLT Tema Electrification ETF	0.32%	0.46%	0.01%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NXTE and VOLT in my portfolio?

NXTE and VOLT have a correlation of 0.67, 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 VOLT?

NXTE has higher volatility (14.81%) compared to VOLT (9.34%). In terms of maximum drawdown, NXTE dropped -28.64% vs VOLT's -23.40%.

Which ETF is better, NXTE or VOLT?

On 1-year performance, VOLT leads with 64.21% vs 51.11% for NXTE. On fees, VOLT is cheaper at 0.75% per year. On volatility, VOLT has been the lower-risk option at 9.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NXTE or VOLT?

Over the 1-year period, VOLT has performed better with a 64.21% return vs 51.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NXTE or VOLT?

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

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

NXTE has the higher dividend yield at 0.38%, compared with 0.32% for VOLT.

What is the main difference between NXTE and VOLT?

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

Which has better risk-adjusted returns?

VOLT currently has the higher Sharpe Ratio (2.97 vs 1.86), 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.