NXTE vs SPY
AXS Green Alpha ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. NXTE delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | NXTE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | 0.09% | |
| AUM | $50M | $789.1B | |
| Dividend Yield | 0.47% | 1.01% | |
| Holdings | 59 | 505 | |
| YTD Return | +21.72% | +14.47% | |
| 1Y Return | +38.74% | +21.96% | |
| 3Y Return (annualized) | +16.72% | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 27.6% | 15.3% | |
| Max Drawdown | -28.6% | -56.5% | |
| Fund Family | AXS Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 27, 2022 | Jan 22, 1993 |
NXTE vs SPY Performance
AXS Green Alpha ETF (NXTE) is a ETF from AXS Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NXTE returned +38.74% while SPY returned +21.96%. Year to date, NXTE is up 21.72% versus a gain of 14.47% for SPY.
Over three years, NXTE compounded at +16.72% per year against +21.70% for SPY. Across the full 4-year window we track, NXTE has the edge at +14.08% annualized vs +8.87%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NXTE has been the more volatile fund, with annualized monthly volatility of 27.6% compared with 15.3% for SPY. 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 -56.5% for SPY. 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NXTE charges 1.00% per year while SPY charges 0.09%. On a $10,000 position that is $100 vs $9 annually, a gap of $91 per year that compounds over a long holding period. On income, NXTE currently yields 0.47% against 1.01% for SPY.
Holdings Overlap
NXTE and SPY share 11 holdings out of 544 unique holdings combined, representing a 3.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NXTE or SPY?
NXTE has an expense ratio of 1.00% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
Which performed better, NXTE or SPY?
Over the past year NXTE returned +38.74% vs +21.96% for SPY, so NXTE leads on 1-year performance. Over the longest common window we track (4 years), NXTE annualized +14.08% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, NXTE or SPY?
NXTE has been the more volatile fund at 27.6% annualized versus 15.3% for SPY. Worst drawdown: NXTE -28.6% vs SPY -56.5%.
Should I hold both NXTE and SPY?
NXTE and SPY have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NXTE and SPY?
NXTE and SPY share 11 common holdings with a 3.0% weight overlap. Combined, they hold 544 unique securities.
Which pays a higher dividend, NXTE or SPY?
NXTE yields 0.47% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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