FHQ.TO vs. XEXP.TO
FHQ.TO (First Trust AlphaDEX U.S. Technology Sector Index ETF) and XEXP.TO (iShares Exponential Technologies Index ETF) are both Technology Equities funds - FHQ.TO tracks the StrataQuant Technology Index while XEXP.TO tracks the Morningstar Exponential Technologies Index. Both are passively managed. Over the past 3 years, FHQ.TO returned 22.48%/yr vs 13.77%/yr for XEXP.TO. At a 0.49 correlation, their price movements are largely independent.
Performance
FHQ.TO vs. XEXP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FHQ.TO achieves a 24.19% return, which is significantly higher than XEXP.TO's 19.91% return.
FHQ.TO
- 1D
- 0.39%
- 1M
- -4.66%
- 6M
- 18.60%
- YTD
- 24.19%
- 1Y
- 33.63%
- 3Y*
- 22.48%
- 5Y*
- 13.16%
- 10Y*
- 19.80%
XEXP.TO
- 1D
- -0.42%
- 1M
- 1.56%
- 6M
- 14.58%
- YTD
- 19.91%
- 1Y
- 22.74%
- 3Y*
- 13.77%
- 5Y*
- —
- 10Y*
- —
FHQ.TO vs. XEXP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FHQ.TO First Trust AlphaDEX U.S. Technology Sector Index ETF | 24.19% | 8.42% | 25.83% | 36.49% | -7.77% |
XEXP.TO iShares Exponential Technologies Index ETF | 19.91% | 7.70% | 9.27% | 24.40% | -2.31% |
Correlation
The correlation between FHQ.TO and XEXP.TO is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since May 31, 2022 | 0.49 |
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Return for Risk
FHQ.TO vs. XEXP.TO — Risk / Return Rank
FHQ.TO
XEXP.TO
FHQ.TO vs. XEXP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ.TO) and iShares Exponential Technologies Index ETF (XEXP.TO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FHQ.TO | XEXP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.26 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 1.35 | +1.09 |
| Martin ratioReturn relative to average drawdown | 6.72 | 3.39 | +3.33 |
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Drawdowns
FHQ.TO vs. XEXP.TO - Drawdown Comparison
The maximum FHQ.TO drawdown since its inception was -32.05%, which is greater than XEXP.TO's maximum drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for FHQ.TO and XEXP.TO.
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Drawdown Indicators
| FHQ.TO | XEXP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.05% | -22.44% | -9.61% |
Max Drawdown (1Y)Largest decline over 1 year | -14.13% | -16.93% | +2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -27.64% | -22.44% | -5.20% |
Max Drawdown (5Y)Largest decline over 5 years | -32.05% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.05% | — | — |
Current DrawdownCurrent decline from peak | -6.70% | -3.51% | -3.19% |
Average DrawdownAverage peak-to-trough decline | -7.63% | -4.37% | -3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 6.72% | -1.61% |
Volatility
FHQ.TO vs. XEXP.TO - Volatility Comparison
First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ.TO) has a higher volatility of 10.35% compared to iShares Exponential Technologies Index ETF (XEXP.TO) at 4.48%. This indicates that FHQ.TO's price experiences larger fluctuations and is considered to be riskier than XEXP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHQ.TO | XEXP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.35% | 4.48% | +5.87% |
Volatility (6M)Calculated over the trailing 6-month period | 20.95% | 12.43% | +8.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.24% | 19.27% | +5.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.62% | 19.15% | +4.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.37% | 19.15% | +4.22% |
Dividends
FHQ.TO vs. XEXP.TO - Dividend Comparison
FHQ.TO has not paid dividends to shareholders, while XEXP.TO's dividend yield for the trailing twelve months is around 0.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHQ.TO First Trust AlphaDEX U.S. Technology Sector Index ETF | 0.00% | 0.00% | 0.02% | 0.00% | 0.00% | 1.18% | 0.43% | 0.50% | 0.80% | 0.83% | 1.20% | 0.43% |
XEXP.TO iShares Exponential Technologies Index ETF | 0.75% | 0.69% | 0.80% | 0.63% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FHQ.TO and XEXP.TO have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FHQ.TO tracks StrataQuant Technology Index, while XEXP.TO tracks Morningstar Exponential Technologies Index. They also come from different issuers: First Trust and iShares.
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