UFO vs. NXTE

Last updated Jun 4, 2026

UFO (Procure Space ETF) and NXTE (Axs Green Alpha ETF) are both Global Equities funds. UFO is passively managed, while NXTE is actively managed. Over the past 3 years, UFO returned 46.01%/yr vs 18.63%/yr for NXTE. A 0.68 correlation means they provide meaningful diversification when combined. UFO charges 0.75%/yr vs 1.00%/yr for NXTE.

Performance

UFO vs. NXTE - Performance Comparison

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

Returns By Period

In the year-to-date period, UFO achieves a 49.39% return, which is significantly higher than NXTE's 36.11% return.

UFO

• 1D: -5.68%
• 1M: 12.53%
• YTD: 49.39%
• 6M: 71.06%
• 1Y: 135.88%
• 3Y*: 46.01%
• 5Y*: 15.60%
• 10Y*: —

NXTE

• 1D: -0.62%
• 1M: 17.52%
• YTD: 36.11%
• 6M: 34.91%
• 1Y: 64.20%
• 3Y*: 18.63%
• 5Y*: —
• 10Y*: —

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

UFO vs. NXTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
UFO Procure Space ETF	49.39%	67.36%	27.22%	-2.34%	9.99%
NXTE Axs Green Alpha ETF	36.11%	21.84%	-3.42%	13.85%	-1.33%

Correlation

The correlation between UFO and NXTE 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	0.68

The correlation between UFO and NXTE has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.

UFO vs. NXTE - Sectors Allocation Comparison

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

Return for Risk

UFO vs. NXTE — Risk / Return Rank

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

UFO

UFO Risk / Return Rank: 88
UFO Sharpe Ratio Rank: 93
UFO Sortino Ratio Rank: 86
UFO Omega Ratio Rank: 78
UFO Calmar Ratio Rank: 92
UFO Martin Ratio Rank: 89

NXTE

NXTE Risk / Return Rank: 79
NXTE Sharpe Ratio Rank: 81
NXTE Sortino Ratio Rank: 77
NXTE Omega Ratio Rank: 71
NXTE Calmar Ratio Rank: 86
NXTE Martin Ratio Rank: 79

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.

UFO vs. NXTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Procure Space ETF (UFO) and Axs Green Alpha ETF (NXTE). 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.

	UFO	NXTE	Difference
Sharpe ratio: Return per unit of total volatility	3.59	2.63	+0.96
Sortino ratio: Return per unit of downside risk	3.95	3.45	+0.50
Omega ratio: Gain probability vs. loss probability	1.48	1.42	+0.05
Calmar ratio: Return relative to maximum drawdown	6.23	4.72	+1.51
Martin ratio: Return relative to average drawdown	20.29	15.12	+5.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UFO vs. NXTE - Sharpe Ratio Comparison

The current UFO Sharpe Ratio is 3.59, which is higher than the NXTE Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of UFO and NXTE, 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

	UFO	NXTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.59	2.63	+0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.67	-0.22

Drawdowns

UFO vs. NXTE - Drawdown Comparison

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

Drawdown Indicators

	UFO	NXTE	Difference
Max Drawdown Largest peak-to-trough decline	-50.33%	-28.64%	-21.69%
Max Drawdown (1Y) Largest decline over 1 year	-21.95%	-13.68%	-8.27%
Max Drawdown (3Y) Largest decline over 3 years	-25.91%	-27.24%	+1.33%
Max Drawdown (5Y) Largest decline over 5 years	-50.33%	—	—
Current Drawdown Current decline from peak	-14.84%	-0.62%	-14.22%
Average Drawdown Average peak-to-trough decline	-21.82%	-7.88%	-13.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.72%	4.26%	+2.46%

Volatility

UFO vs. NXTE - Volatility Comparison

Procure Space ETF (UFO) has a higher volatility of 16.64% compared to Axs Green Alpha ETF (NXTE) at 9.27%. This indicates that UFO's price experiences larger fluctuations and is considered to be riskier than NXTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UFO	NXTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.64%	9.27%	+7.37%
Volatility (6M) Calculated over the trailing 6-month period	31.27%	19.29%	+11.98%
Volatility (1Y) Calculated over the trailing 1-year period	38.08%	24.53%	+13.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.92%	25.99%	+3.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.76%	25.99%	+4.77%

UFO vs. NXTE - Expense Ratio Comparison

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

Dividends

UFO vs. NXTE - Dividend Comparison

UFO's dividend yield for the trailing twelve months is around 0.29%, less than NXTE's 0.37% 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	0.29%	0.46%	1.98%	1.90%	3.19%	1.00%	1.07%	0.45%

Frequently Asked Questions

Can I hold both UFO and NXTE in my portfolio?

UFO and NXTE 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, UFO or NXTE?

UFO has higher volatility (16.64%) compared to NXTE (9.27%). In terms of maximum drawdown, UFO dropped -50.33% vs NXTE's -28.64%.

Which ETF is better, UFO or NXTE?

On 3-year performance, UFO leads with 46.01% vs 18.63% for NXTE. On fees, UFO is cheaper at 0.75% per year. On volatility, NXTE has been the lower-risk option at 9.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UFO or NXTE?

Over the 3-year period, UFO has performed better with a 46.01% return vs 18.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UFO or NXTE?

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

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

NXTE has the higher dividend yield at 0.37%, compared with 0.29% for UFO.

What is the main difference between UFO and NXTE?

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

Which has better risk-adjusted returns?

UFO currently has the higher Sharpe Ratio (3.59 vs 2.63), 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.