FITE vs. FTXL

Last updated Aug 2, 2026

FITE (SPDR S&P Kensho Future Security ETF) and FTXL (First Trust Nasdaq Semiconductor ETF) are both exchange-traded funds - FITE is a Technology Equities fund tracking the S&P Kensho Future Security Index, while FTXL is a Semiconductors fund tracking the Nasdaq U.S. Smart Semiconductor Index. Both are passively managed. Over the past 5 years, FITE returned 15.64%/yr vs 26.87%/yr for FTXL. Their 0.66 correlation means they have sometimes moved together and sometimes differently. FITE charges 0.45%/yr vs 0.60%/yr for FTXL.

Performance

FITE vs. FTXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Kensho Future Security ETF (FITE) 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, FITE achieves a 25.01% return, which is significantly lower than FTXL's 67.20% return.

FITE

• 1D: 1.14%
• 1M: -5.38%
• 6M: 15.88%
• YTD: 25.01%
• 1Y: 42.30%
• 3Y*: 29.02%
• 5Y*: 15.64%
• 10Y*: —
• ALL TIME*: 16.58%

FTXL

• 1D: -0.59%
• 1M: -13.49%
• 6M: 42.44%
• YTD: 67.20%
• 1Y: 127.03%
• 3Y*: 42.82%
• 5Y*: 26.87%
• 10Y*: —
• ALL TIME*: 27.99%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FITE SPDR S&P Kensho Future Security ETF	$864.27K	$865.45K	$935.71K
FTXL First Trust Nasdaq Semiconductor ETF	$143.42M	$100.61M	$86.48M

FITE vs. FTXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FITE SPDR S&P Kensho Future Security ETF	25.01%	27.73%	21.63%	28.48%	-17.98%	14.45%	20.38%	33.96%	-0.53%	-0.55%
FTXL First Trust Nasdaq Semiconductor ETF	67.20%	48.94%	7.59%	54.41%	-33.88%	36.04%	46.08%	61.77%	-14.47%	0.13%

Correlation

The correlation between FITE and FTXL is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.53
Correlation (3Y) Balances recent behavior with more history.	0.58
Correlation (5Y) Shows whether the relationship held over a longer period.	0.65
Correlation (All Time) Calculated using the full available price history since Dec 27, 2017	0.66

The correlation between FITE and FTXL shifts across timeframes, from 0.53 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.

FITE vs. FTXL - Sectors Allocation Comparison

Sectors	FITE	FTXL
Technology	57.2%	99.6%
Industrials	34.5%	0.4%
Healthcare	2.9%	-
Communication Services	2.9%	-
Energy	2.3%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

FITE vs. FTXL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FITE

FITE Risk / Return Rank: 61
FITE Sharpe Ratio Rank: 63
FITE Sortino Ratio Rank: 61
FITE Omega Ratio Rank: 55
FITE Calmar Ratio Rank: 75
FITE Martin Ratio Rank: 54

FTXL

FTXL Risk / Return Rank: 91
FTXL Sharpe Ratio Rank: 95
FTXL Sortino Ratio Rank: 87
FTXL Omega Ratio Rank: 87
FTXL Calmar Ratio Rank: 90
FTXL Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FITE vs. FTXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Future Security ETF (FITE) 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.

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.

	FITE	FTXL	Difference
Sharpe ratio: Return per unit of total volatility	1.45	2.71	-1.26
Sortino ratio: Return per unit of downside risk	2.03	2.95	-0.92
Omega ratio: Gain probability vs. loss probability	1.24	1.39	-0.15
Calmar ratio: Return relative to maximum drawdown	2.60	3.83	-1.23
Martin ratio: Return relative to average drawdown	6.33	16.62	-10.28

FITE vs. FTXL - Sharpe Ratio Comparison

The current FITE Sharpe Ratio is 1.45, which is lower than the FTXL Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of FITE 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.

Drawdowns

FITE vs. FTXL - Drawdown Comparison

The maximum FITE drawdown since its inception was -36.90%, smaller than the maximum FTXL drawdown of -43.87%. Use the drawdown chart below to compare losses from any high point for FITE and FTXL.

Drawdown Indicators

	FITE	FTXL	Difference
Max Drawdown Largest peak-to-trough decline	-36.90%	-43.87%	+6.97%
Max Drawdown (1Y) Largest decline over 1 year	-15.35%	-32.64%	+17.29%
Max Drawdown (3Y) Largest decline over 3 years	-22.07%	-41.57%	+19.50%
Max Drawdown (5Y) Largest decline over 5 years	-27.14%	-43.87%	+16.73%
Current Drawdown Current decline from peak	-10.00%	-27.09%	+17.09%
Average Drawdown Average peak-to-trough decline	-7.41%	-10.61%	+3.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.29%	7.51%	-1.22%

Volatility

FITE vs. FTXL - Volatility Comparison

The current volatility for SPDR S&P Kensho Future Security ETF (FITE) is 7.58%, while First Trust Nasdaq Semiconductor ETF (FTXL) has a volatility of 18.94%. This indicates that FITE 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

	FITE	FTXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.58%	18.94%	-11.36%
Volatility (6M) Calculated over the trailing 6-month period	22.04%	39.98%	-17.94%
Volatility (1Y) Calculated over the trailing 1-year period	27.53%	46.28%	-18.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.04%	38.23%	-15.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.27%	35.28%	-12.01%

FITE vs. FTXL - Expense Ratio Comparison

FITE has a 0.45% expense ratio, which is lower than FTXL's 0.60% expense ratio.

Dividends

FITE vs. FTXL - Dividend Comparison

FITE's dividend yield for the trailing twelve months is around 0.13%, more than FTXL's 0.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FITE SPDR S&P Kensho Future Security ETF	0.13%	0.23%	0.12%	0.13%	0.12%	0.92%	0.88%	0.44%	1.79%	0.00%	0.00%
FTXL First Trust Nasdaq Semiconductor ETF	0.11%	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 FITE and FTXL in my portfolio?

FITE and FTXL have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FITE or FTXL?

FTXL has higher volatility (18.94%) compared to FITE (7.58%). In terms of maximum drawdown, FITE dropped -36.90% vs FTXL's -43.87%.

Which ETF is better, FITE or FTXL?

On 5-year performance, FTXL leads with 26.87% vs 15.64% for FITE. On fees, FITE is cheaper at 0.45% per year. On volatility, FITE has been the lower-risk option at 7.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FITE or FTXL?

Over the 5-year period, FTXL has performed better with a 26.87% return vs 15.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FITE or FTXL?

FITE is cheaper with a 0.45% expense ratio, compared with 0.60% for FTXL.

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

FITE has the higher dividend yield at 0.13%, compared with 0.11% for FTXL.

What is the main difference between FITE and FTXL?

FITE is categorized as Technology Equities, while FTXL is Semiconductors. FITE tracks S&P Kensho Future Security Index, while FTXL tracks Nasdaq U.S. Smart Semiconductor Index. They also come from different issuers: State Street and First Trust. Their fees differ too: 0.45% for FITE and 0.60% for FTXL.

Which has better risk-adjusted returns?

FTXL currently has the higher Sharpe Ratio (2.71 vs 1.45), 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.