XFOR vs. NANC

Last updated Apr 1, 2026

Compare and contrast key facts about X4 Pharmaceuticals, Inc. (XFOR) and Subversive Unusual Whales Democratic ETF (NANC).

NANC is an actively managed fund by Subversive. It was launched on Feb 7, 2023.

Performance

XFOR vs. NANC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in X4 Pharmaceuticals, Inc. (XFOR) and Subversive Unusual Whales Democratic ETF (NANC). The values are adjusted to include any dividend payments, if applicable.

XFOR vs. NANC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XFOR X4 Pharmaceuticals, Inc.	3.25%	-81.82%	-12.51%	-16.15%
NANC Subversive Unusual Whales Democratic ETF	-7.53%	18.54%	26.83%	20.79%

Returns By Period

In the year-to-date period, XFOR achieves a 3.25% return, which is significantly higher than NANC's -7.53% return.

XFOR

• 1D: 3.51%
• 1M: 20.06%
• YTD: 3.25%
• 6M: 20.76%
• 1Y: -41.77%
• 3Y*: -45.91%
• 5Y*: -56.69%
• 10Y*: —

NANC

• 1D: 3.10%
• 1M: -5.64%
• YTD: -7.53%
• 6M: -5.59%
• 1Y: 17.53%
• 3Y*: 19.26%
• 5Y*: —
• 10Y*: —

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

Return for Risk

XFOR vs. NANC — Risk / Return Rank

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

XFOR

XFOR Risk / Return Rank: 30
XFOR Sharpe Ratio Rank: 26
XFOR Sortino Ratio Rank: 37
XFOR Omega Ratio Rank: 36
XFOR Calmar Ratio Rank: 23
XFOR Martin Ratio Rank: 26

NANC

NANC Risk / Return Rank: 60
NANC Sharpe Ratio Rank: 56
NANC Sortino Ratio Rank: 59
NANC Omega Ratio Rank: 59
NANC Calmar Ratio Rank: 63
NANC Martin Ratio Rank: 63

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.

XFOR vs. NANC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for X4 Pharmaceuticals, Inc. (XFOR) and Subversive Unusual Whales Democratic ETF (NANC). 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.

	XFOR	NANC	Difference
Sharpe ratio Return per unit of total volatility	-0.32	0.93	-1.24
Sortino ratio Return per unit of downside risk	0.31	1.43	-1.12
Omega ratio Gain probability vs. loss probability	1.03	1.20	-0.17
Calmar ratio Return relative to maximum drawdown	-0.56	1.47	-2.03
Martin ratio Return relative to average drawdown	-0.85	5.71	-6.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XFOR vs. NANC - Sharpe Ratio Comparison

The current XFOR Sharpe Ratio is -0.32, which is lower than the NANC Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of XFOR and NANC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XFOR	NANC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.32	0.93	-1.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.38	1.07	-1.45

Correlation

The correlation between XFOR and NANC is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

XFOR vs. NANC - Dividend Comparison

XFOR has not paid dividends to shareholders, while NANC's dividend yield for the trailing twelve months is around 0.23%.

	TTM	2025	2024	2023
XFOR X4 Pharmaceuticals, Inc.	0.00%	0.00%	0.00%	0.00%
NANC Subversive Unusual Whales Democratic ETF	0.23%	0.21%	0.20%	0.94%

Drawdowns

XFOR vs. NANC - Drawdown Comparison

The maximum XFOR drawdown since its inception was -99.97%, which is greater than NANC's maximum drawdown of -20.94%. Use the drawdown chart below to compare losses from any high point for XFOR and NANC.

Drawdown Indicators

	XFOR	NANC	Difference
Max Drawdown Largest peak-to-trough decline	-99.97%	-20.94%	-79.03%
Max Drawdown (1Y) Largest decline over 1 year	-79.60%	-12.21%	-67.39%
Max Drawdown (5Y) Largest decline over 5 years	-99.50%	—	—
Current Drawdown Current decline from peak	-99.91%	-9.49%	-90.42%
Average Drawdown Average peak-to-trough decline	-91.35%	-2.73%	-88.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	52.67%	3.15%	+49.52%

Volatility

XFOR vs. NANC - Volatility Comparison

X4 Pharmaceuticals, Inc. (XFOR) has a higher volatility of 32.65% compared to Subversive Unusual Whales Democratic ETF (NANC) at 5.84%. This indicates that XFOR's price experiences larger fluctuations and is considered to be riskier than NANC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XFOR	NANC	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.65%	5.84%	+26.81%
Volatility (6M) Calculated over the trailing 6-month period	59.41%	10.69%	+48.72%
Volatility (1Y) Calculated over the trailing 1-year period	132.72%	18.97%	+113.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	115.91%	16.86%	+99.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	140.51%	16.86%	+123.65%