DFII vs. FTXL

Last updated Jun 3, 2026

DFII (FT Vest Bitcoin Strategy & Target Income ETF) and FTXL (First Trust Nasdaq Semiconductor ETF) are both exchange-traded funds - DFII is a Cryptocurrency fund actively managed by First Trust, while FTXL is a Semiconductors fund tracking the Nasdaq U.S. Smart Semiconductor Index. DFII is actively managed, while FTXL is passively managed. Over the past year, DFII returned -34.54% vs 228.34% for FTXL. At a 0.40 correlation, their price movements are largely independent. DFII charges 0.85%/yr vs 0.60%/yr for FTXL.

Performance

DFII vs. FTXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Bitcoin Strategy & Target Income ETF (DFII) and First Trust Nasdaq Semiconductor ETF (FTXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFII achieves a -22.74% return, which is significantly lower than FTXL's 111.04% return.

DFII

• 1D: -6.02%
• 1M: -13.41%
• YTD: -22.74%
• 6M: -24.59%
• 1Y: -34.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTXL

• 1D: 5.49%
• 1M: 26.62%
• YTD: 111.04%
• 6M: 112.63%
• 1Y: 228.34%
• 3Y*: 60.35%
• 5Y*: 34.54%
• 10Y*: —

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

DFII vs. FTXL - Yearly Performance Comparison

	2026 (YTD)	2025
DFII FT Vest Bitcoin Strategy & Target Income ETF	-22.74%	5.61%
FTXL First Trust Nasdaq Semiconductor ETF	111.04%	90.12%

Correlation

The correlation between DFII and FTXL is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025	0.40

Return for Risk

DFII vs. FTXL — Risk / Return Rank

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

DFII

DFII Risk / Return Rank: 2
DFII Sharpe Ratio Rank: 2
DFII Sortino Ratio Rank: 3
DFII Omega Ratio Rank: 2
DFII Calmar Ratio Rank: 3
DFII Martin Ratio Rank: 2

FTXL

FTXL Risk / Return Rank: 97
FTXL Sharpe Ratio Rank: 99
FTXL Sortino Ratio Rank: 96
FTXL Omega Ratio Rank: 96
FTXL Calmar Ratio Rank: 98
FTXL Martin Ratio Rank: 98

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.

DFII vs. FTXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Bitcoin Strategy & Target Income ETF (DFII) and First Trust Nasdaq Semiconductor ETF (FTXL). 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.

	DFII	FTXL	Difference
Sharpe ratio Return per unit of total volatility	-0.84	6.40	-7.24
Sortino ratio Return per unit of downside risk	-1.10	5.79	-6.89
Omega ratio Gain probability vs. loss probability	0.87	1.79	-0.92
Calmar ratio Return relative to maximum drawdown	-0.72	16.08	-16.80
Martin ratio Return relative to average drawdown	-1.29	60.11	-61.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFII vs. FTXL - Sharpe Ratio Comparison

The current DFII Sharpe Ratio is -0.84, which is lower than the FTXL Sharpe Ratio of 6.40. The chart below compares the historical Sharpe Ratios of DFII and FTXL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DFII	FTXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.84	6.40	-7.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.96	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.39	0.93	-1.32

Drawdowns

DFII vs. FTXL - Drawdown Comparison

The maximum DFII drawdown since its inception was -48.07%, which is greater than FTXL's maximum drawdown of -43.87%. Use the drawdown chart below to compare losses from any high point for DFII and FTXL.

Drawdown Indicators

	DFII	FTXL	Difference
Max Drawdown Largest peak-to-trough decline	-48.07%	-43.87%	-4.20%
Max Drawdown (1Y) Largest decline over 1 year	-48.07%	-14.51%	-33.56%
Max Drawdown (3Y) Largest decline over 3 years	—	-41.57%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-43.87%	—
Current Drawdown Current decline from peak	-44.48%	0.00%	-44.48%
Average Drawdown Average peak-to-trough decline	-18.91%	-10.56%	-8.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.89%	3.88%	+23.01%

Volatility

DFII vs. FTXL - Volatility Comparison

The current volatility for FT Vest Bitcoin Strategy & Target Income ETF (DFII) is 9.20%, while First Trust Nasdaq Semiconductor ETF (FTXL) has a volatility of 14.41%. This indicates that DFII experiences smaller price fluctuations and is considered to be less risky than FTXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFII	FTXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.20%	14.41%	-5.21%
Volatility (6M) Calculated over the trailing 6-month period	33.63%	28.95%	+4.68%
Volatility (1Y) Calculated over the trailing 1-year period	41.26%	35.91%	+5.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.08%	36.01%	+5.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.08%	34.25%	+6.83%

DFII vs. FTXL - Expense Ratio Comparison

DFII has a 0.85% expense ratio, which is higher than FTXL's 0.60% expense ratio.

Dividends

DFII vs. FTXL - Dividend Comparison

DFII's dividend yield for the trailing twelve months is around 27.13%, more than FTXL's 0.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DFII FT Vest Bitcoin Strategy & Target Income ETF	27.13%	15.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FTXL First Trust Nasdaq Semiconductor ETF	0.13%	0.28%	0.54%	0.60%	0.89%	0.25%	0.48%	0.92%	0.71%	0.47%	0.12%

Frequently Asked Questions

Can I hold both DFII and FTXL in my portfolio?

DFII and FTXL have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFII or FTXL?

FTXL has higher volatility (14.41%) compared to DFII (9.20%). In terms of maximum drawdown, DFII dropped -48.07% vs FTXL's -43.87%.

Which ETF is better, DFII or FTXL?

On 1-year performance, FTXL leads with 228.34% vs -34.54% for DFII. On fees, FTXL is cheaper at 0.60% per year. On volatility, DFII has been the lower-risk option at 9.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFII or FTXL?

Over the 1-year period, FTXL has performed better with a 228.34% return vs -34.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFII or FTXL?

FTXL is cheaper with a 0.60% expense ratio, compared with 0.85% for DFII.

Which ETF pays a higher dividend yield, DFII or FTXL?

DFII has the higher dividend yield at 27.13%, compared with 0.13% for FTXL.

What is the main difference between DFII and FTXL?

DFII is categorized as Cryptocurrency, while FTXL is Semiconductors. Their fees differ too: 0.85% for DFII and 0.60% for FTXL.

Which has better risk-adjusted returns?

FTXL currently has the higher Sharpe Ratio (6.40 vs -0.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.