EWCO vs. NXTG
Compare and contrast key facts about Invesco S&P 500 Equal Weight Communication Services ETF (EWCO) and First Trust Indxx NextG ETF (NXTG).
EWCO and NXTG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWCO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Communication Services Plus Index. It was launched on Nov 7, 2018. NXTG is a passively managed fund by First Trust that tracks the performance of the Indxx 5G & NextG Thematic Index. It was launched on Feb 17, 2011. Both EWCO and NXTG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EWCO or NXTG.
Correlation
The correlation between EWCO and NXTG is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EWCO vs. NXTG - Performance Comparison
Key characteristics
Returns By Period
EWCO
N/A
N/A
N/A
N/A
N/A
N/A
NXTG
14.30%
1.95%
7.34%
15.78%
11.25%
10.57%
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EWCO vs. NXTG - Expense Ratio Comparison
EWCO has a 0.40% expense ratio, which is lower than NXTG's 0.70% expense ratio.
Risk-Adjusted Performance
EWCO vs. NXTG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Communication Services ETF (EWCO) and First Trust Indxx NextG ETF (NXTG). 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.
Dividends
EWCO vs. NXTG - Dividend Comparison
EWCO has not paid dividends to shareholders, while NXTG's dividend yield for the trailing twelve months is around 1.49%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWCO Invesco S&P 500 Equal Weight Communication Services ETF | 0.54% | 0.98% | 1.45% | 1.10% | 1.05% | 1.43% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NXTG First Trust Indxx NextG ETF | 1.49% | 2.15% | 2.04% | 0.78% | 1.04% | 0.77% | 1.27% | 1.65% | 1.23% | 1.11% | 1.07% | 0.86% |
Drawdowns
EWCO vs. NXTG - Drawdown Comparison
Volatility
EWCO vs. NXTG - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Communication Services ETF (EWCO) is 0.00%, while First Trust Indxx NextG ETF (NXTG) has a volatility of 3.78%. This indicates that EWCO experiences smaller price fluctuations and is considered to be less risky than NXTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.