First Trust Indxx Innovative Transaction and Process ETF (BLCK.TO)

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The chart shows the growth of an initial investment of CA$10,000 in First Trust Indxx Innovative Transaction and Process ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

First Trust Indxx Innovative Transaction and Process ETF (BLCK.TO) has returned -4.98% so far this year and 13.35% over the past 12 months.

Based on dividend-adjusted daily data since Apr 9, 2014, BLCK.TO's average daily return is +0.05%, while the average monthly return is +1.01%. At this rate, your investment would double in approximately 5.7 years.

Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +13.4%, while the worst month was Mar 2020 at -24.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.

On a daily basis, BLCK.TO closed higher 33% of trading days. The best single day was Jul 13, 2020 with a return of +11.0%, while the worst single day was Mar 12, 2020 at -9.6%.

First Trust Indxx Innovative Transaction and Process ETF has an annualized alpha of 9.24%, beta of 0.18, and R² of 0.04 versus S&P 500 Index. Calculated based on daily prices since March 28, 2018.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (80.18%) than losses (79.34%) — typical of diversified or defensive assets.
• Beta of 0.18 may look defensive, but with R² of 0.04 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.04 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

BLCK.TO has an expense ratio of 0.81%, placing it in the medium range.

BLCK.TO ranks 40 for risk / return — below 40% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for First Trust Indxx Innovative Transaction and Process ETF (BLCK.TO) and compare them to a chosen benchmark (S&P 500 Index).

First Trust Indxx Innovative Transaction and Process ETF provided a 1.22% dividend yield over the last twelve months, with an annual payout of CA$0.48 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for First Trust Indxx Innovative Transaction and Process ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the First Trust Indxx Innovative Transaction and Process ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the First Trust Indxx Innovative Transaction and Process ETF was 26.29%, occurring on Mar 16, 2020. Recovery took 173 trading sessions.

The current First Trust Indxx Innovative Transaction and Process ETF drawdown is 8.65%.

The chart below shows the rolling one-month volatility.