FDIQ vs. FTXO
FDIQ (Invesco Bloomberg Financial Data Providers ETF) and FTXO (First Trust Nasdaq Bank ETF) are both Financials Equities funds - FDIQ tracks the Bloomberg Financial Data Providers Index while FTXO tracks the NASDAQ US Banks Index. Both are passively managed. Over the past 5 years, FDIQ returned 3.82%/yr vs 5.35%/yr for FTXO. Their correlation of 0.90 suggests significant overlap in exposure. FDIQ charges 0.35%/yr vs 0.60%/yr for FTXO.
Performance
FDIQ vs. FTXO - Performance Comparison
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Returns By Period
In the year-to-date period, FDIQ achieves a 9.72% return, which is significantly higher than FTXO's 0.81% return.
FDIQ
- 1D
- -0.97%
- 1M
- -5.53%
- YTD
- 9.72%
- 6M
- 10.28%
- 1Y
- 22.98%
- 3Y*
- 18.27%
- 5Y*
- 3.82%
- 10Y*
- 7.60%
FTXO
- 1D
- -1.34%
- 1M
- -0.87%
- YTD
- 0.81%
- 6M
- 4.64%
- 1Y
- 23.41%
- 3Y*
- 24.18%
- 5Y*
- 5.35%
- 10Y*
- —
FDIQ vs. FTXO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDIQ Invesco Bloomberg Financial Data Providers ETF | 9.72% | 6.32% | 12.76% | -0.84% | -7.23% | 36.05% | -8.95% | 23.57% | -18.31% | 1.81% |
FTXO First Trust Nasdaq Bank ETF | 0.81% | 21.32% | 29.05% | 0.05% | -17.93% | 40.53% | -12.53% | 30.11% | -21.79% | 14.25% |
Correlation
The correlation between FDIQ and FTXO is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2016 | 0.90 |
The correlation between FDIQ and FTXO shifts across timeframes, from 0.73 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FDIQ vs. FTXO — Risk / Return Rank
FDIQ
FTXO
FDIQ vs. FTXO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Financial Data Providers ETF (FDIQ) and First Trust Nasdaq Bank ETF (FTXO). 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.
| FDIQ | FTXO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 1.41 | +0.67 |
| Martin ratioReturn relative to average drawdown | 5.26 | 3.90 | +1.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDIQ | FTXO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.13 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.20 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.31 | +0.06 |
Drawdowns
FDIQ vs. FTXO - Drawdown Comparison
The maximum FDIQ drawdown since its inception was -52.86%, roughly equal to the maximum FTXO drawdown of -55.26%. Use the drawdown chart below to compare losses from any high point for FDIQ and FTXO.
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Drawdown Indicators
| FDIQ | FTXO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.86% | -55.26% | +2.40% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -16.69% | +5.56% |
Max Drawdown (3Y)Largest decline over 3 years | -28.09% | -25.84% | -2.25% |
Max Drawdown (5Y)Largest decline over 5 years | -42.99% | -46.55% | +3.56% |
Max Drawdown (10Y)Largest decline over 10 years | -52.86% | — | — |
Current DrawdownCurrent decline from peak | -8.53% | -8.10% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -11.56% | -15.88% | +4.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 6.01% | -1.63% |
Volatility
FDIQ vs. FTXO - Volatility Comparison
The current volatility for Invesco Bloomberg Financial Data Providers ETF (FDIQ) is 4.06%, while First Trust Nasdaq Bank ETF (FTXO) has a volatility of 5.69%. This indicates that FDIQ experiences smaller price fluctuations and is considered to be less risky than FTXO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDIQ | FTXO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 5.69% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 13.93% | 15.46% | -1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.14% | 20.80% | +1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.70% | 27.01% | +1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.12% | 29.98% | +1.14% |
FDIQ vs. FTXO - Expense Ratio Comparison
FDIQ has a 0.35% expense ratio, which is lower than FTXO's 0.60% expense ratio.
Dividends
FDIQ vs. FTXO - Dividend Comparison
FDIQ's dividend yield for the trailing twelve months is around 2.56%, more than FTXO's 1.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIQ Invesco Bloomberg Financial Data Providers ETF | 2.56% | 2.66% | 2.69% | 2.89% | 2.51% | 2.04% | 2.92% | 2.44% | 2.45% | 1.59% | 1.50% | 1.92% |
FTXO First Trust Nasdaq Bank ETF | 1.78% | 1.92% | 2.18% | 3.20% | 2.94% | 1.64% | 2.74% | 2.53% | 3.51% | 1.09% | 0.16% | 0.00% |
Frequently Asked Questions
FDIQ and FTXO have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTXO has higher volatility (5.69%) compared to FDIQ (4.06%). In terms of maximum drawdown, FDIQ dropped -52.86% vs FTXO's -55.26%.
On 5-year performance, FTXO leads with 5.35% vs 3.82% for FDIQ. On fees, FDIQ is cheaper at 0.35% per year. On volatility, FDIQ has been the lower-risk option at 4.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FTXO has performed better with a 5.35% return vs 3.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDIQ is cheaper with a 0.35% expense ratio, compared with 0.60% for FTXO.
FDIQ has the higher dividend yield at 2.56%, compared with 1.78% for FTXO.
FDIQ tracks Bloomberg Financial Data Providers Index, while FTXO tracks NASDAQ US Banks Index. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.35% for FDIQ and 0.60% for FTXO.
FTXO currently has the higher Sharpe Ratio (1.13 vs 1.04), 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.
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