PPI vs. NMBL
PPI (Astoria Real Assets ETF) and NMBL (NovaTide Flexible Allocation ETF) are both Global Allocation funds. Both are actively managed. A 0.76 correlation means they provide meaningful diversification when combined. PPI charges 0.58%/yr vs 1.99%/yr for NMBL.
Performance
PPI vs. NMBL - Performance Comparison
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Returns By Period
In the year-to-date period, PPI achieves a 15.09% return, which is significantly higher than NMBL's 3.38% return.
PPI
- 1D
- -1.62%
- 1M
- -1.89%
- YTD
- 15.09%
- 6M
- 13.39%
- 1Y
- 35.02%
- 3Y*
- 21.33%
- 5Y*
- —
- 10Y*
- —
NMBL
- 1D
- -1.08%
- 1M
- -0.95%
- YTD
- 3.38%
- 6M
- 2.21%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PPI vs. NMBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PPI Astoria Real Assets ETF | 15.09% | -0.75% |
NMBL NovaTide Flexible Allocation ETF | 3.38% | -0.27% |
Correlation
The correlation between PPI and NMBL is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 31, 2025 | 0.76 |
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Return for Risk
PPI vs. NMBL — Risk / Return Rank
PPI
NMBL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PPI vs. NMBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Astoria Real Assets ETF (PPI) and NovaTide Flexible Allocation ETF (NMBL). 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.
| PPI | NMBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.41 | — | — |
| Martin ratioReturn relative to average drawdown | 13.26 | — | — |
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Drawdowns
PPI vs. NMBL - Drawdown Comparison
The maximum PPI drawdown since its inception was -24.54%, which is greater than NMBL's maximum drawdown of -8.05%. Use the drawdown chart below to compare losses from any high point for PPI and NMBL.
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Drawdown Indicators
| PPI | NMBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.54% | -8.05% | -16.49% |
Max Drawdown (1Y)Largest decline over 1 year | -7.98% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -20.70% | — | — |
Current DrawdownCurrent decline from peak | -4.45% | -3.93% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -2.04% | -4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | — | — |
Volatility
PPI vs. NMBL - Volatility Comparison
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Volatility by Period
| PPI | NMBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 13.01% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.25% | 13.46% | +2.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.04% | 13.46% | +5.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.04% | 13.46% | +5.58% |
PPI vs. NMBL - Expense Ratio Comparison
PPI has a 0.58% expense ratio, which is lower than NMBL's 1.99% expense ratio.
Dividends
PPI vs. NMBL - Dividend Comparison
PPI's dividend yield for the trailing twelve months is around 1.02%, more than NMBL's 0.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
NMBL NovaTide Flexible Allocation ETF | 0.90% | 0.93% | 0.00% | 0.00% | 0.00% |
PPI Astoria Real Assets ETF | 1.02% | 1.06% | 0.60% | 2.87% | 2.40% |
Frequently Asked Questions
PPI and NMBL have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PPI is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PPI is cheaper with a 0.58% expense ratio, compared with 1.99% for NMBL.
PPI has the higher dividend yield at 1.02%, compared with 0.90% for NMBL.
They also come from different issuers: AXS and NovaTide. Their fees differ too: 0.58% for PPI and 1.99% for NMBL.
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