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First Trust Indxx Innovative Transaction & Process ETF (LEGR) Sharpe Ratio: 2.26

ETF · Currency in USD · Last updated Jun 4, 2026

The fund seeks to provide investment results that correspond generally to the price and yield of the Indxx Blockchain Index, which includes global companies involved in blockchain technology.

LEGR's Sharpe Ratio of 2.26 indicates that for each unit of volatility, it generates 2.26 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 4, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

LEGR Sharpe Ratio Rank

LEGR Sharpe Ratio Rank: 67.668
Above Average

LEGR ranks above 67.6% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

LEGR Sharpe Ratio Market Positioning

The chart shows LEGR's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.85 or lower
  • Yellow zone (middle 50%): 0.85 to 2.40
  • Green zone (top 25%): 2.40 or higher
  • Top 1%: 7.70+
  • Median: 1.69 — half of all investments score higher

How it compares to other similar ETFs

The table compares First Trust Indxx Innovative Transaction & Process ETF's Sharpe Ratio with other ETFs in the Blockchain category across multiple time periods, showing how LEGR's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 4, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
DECOState Street Galaxy Digital Asset Ecosystem ETF3.80
HECOState Street Galaxy Hedged Digital Asset Ecosystem ETF3.68
LEGRFirst Trust Indxx Innovative Transaction & Process ETF2.26
MNRSGrayscale Bitcoin Miners ETF1.85
NODEVanEck Onchain Economy ETF1.59
BKCHGlobal X Blockchain ETF1.44
STCESchwab Crypto Thematic ETF1.40
BITQBitwise Crypto Industry Innovators ETF1.08
FDIGFidelity Crypto Industry and Digital Payments ETF1.02
DAPPVanEck Digital Transformation ETF0.91

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows LEGR's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when LEGR consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does LEGR fit in your portfolio?

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