NXTE vs QQQ
AXS Green Alpha ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. NXTE delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | NXTE | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | 0.18% | |
| AUM | $53M | $496.3B | |
| Dividend Yield | 0.56% | 0.44% | |
| Holdings | 60 | 108 | |
| YTD Return | +23.66% | +16.64% | |
| 1Y Return | +43.50% | +27.27% | |
| 3Y Return (annualized) | +18.74% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 27.8% | 30.6% | |
| Max Drawdown | -28.6% | -83.0% | |
| Fund Family | AXS Investments | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 27, 2022 | Mar 10, 1999 |
NXTE vs QQQ Performance
AXS Green Alpha ETF (NXTE) is a ETF from AXS Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year NXTE returned +43.50% while QQQ returned +27.27%. Year to date, NXTE is up 23.66% versus a gain of 16.64% for QQQ.
Over three years, NXTE compounded at +18.74% per year against +25.96% for QQQ. Across the full 4-year window we track, NXTE has the edge at +14.46% annualized vs +13.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 27.8% for NXTE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -28.6% for NXTE and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NXTE charges 1.00% per year while QQQ charges 0.18%. On a $10,000 position that is $100 vs $18 annually, a gap of $82 per year that compounds over a long holding period. On income, NXTE currently yields 0.56% against 0.44% for QQQ.
Holdings Overlap
NXTE and QQQ share 5 holdings out of 149 unique holdings combined, representing a 6.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NXTE or QQQ?
NXTE has an expense ratio of 1.00% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, NXTE or QQQ?
Over the past year NXTE returned +43.50% vs +27.27% for QQQ, so NXTE leads on 1-year performance. Over the longest common window we track (4 years), NXTE annualized +14.46% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, NXTE or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 27.8% for NXTE. Worst drawdown: NXTE -28.6% vs QQQ -83.0%.
Should I hold both NXTE and QQQ?
NXTE and QQQ have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NXTE and QQQ?
NXTE and QQQ share 5 common holdings with a 6.0% weight overlap. Combined, they hold 149 unique securities.
Which pays a higher dividend, NXTE or QQQ?
NXTE yields 0.56% while QQQ yields 0.44%, so NXTE currently pays the higher dividend yield.
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