FTCE vs. PRXV

Last updated Jun 3, 2026

FTCE (First Trust New Constructs Core Earnings Leaders ETF) and PRXV (Praxis Impact Large Cap Value ETF) are both exchange-traded funds - FTCE is a Large Cap Blend Equities fund tracking the Bloomberg New Constructs Core Earnings Leaders Index, while PRXV is a Large Cap Value Equities fund actively managed by Praxis. FTCE is passively managed, while PRXV is actively managed. At a 0.48 correlation, their price movements are largely independent. FTCE charges 0.60%/yr vs 0.36%/yr for PRXV.

Performance

FTCE vs. PRXV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust New Constructs Core Earnings Leaders ETF (FTCE) and Praxis Impact Large Cap Value ETF (PRXV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FTCE

• 1D: 0.28%
• 1M: 10.79%
• YTD: 14.69%
• 6M: 15.43%
• 1Y: 37.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PRXV

• 1D: 0.86%
• 1M: 3.47%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTCE vs. PRXV - Yearly Performance Comparison

	2026 (YTD)
FTCE First Trust New Constructs Core Earnings Leaders ETF	12.16%
PRXV Praxis Impact Large Cap Value ETF	4.54%

Correlation

The correlation between FTCE and PRXV is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 21, 2026	0.48

Return for Risk

FTCE vs. PRXV — Risk / Return Rank

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

FTCE

FTCE Risk / Return Rank: 81
FTCE Sharpe Ratio Rank: 86
FTCE Sortino Ratio Rank: 86
FTCE Omega Ratio Rank: 83
FTCE Calmar Ratio Rank: 74
FTCE Martin Ratio Rank: 75

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.

FTCE vs. PRXV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust New Constructs Core Earnings Leaders ETF (FTCE) and Praxis Impact Large Cap Value ETF (PRXV). 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.

	FTCE	PRXV	Difference
Sharpe ratio Return per unit of total volatility	2.91	—	—
Sortino ratio Return per unit of downside risk	3.94	—	—
Omega ratio Gain probability vs. loss probability	1.51	—	—
Calmar ratio Return relative to maximum drawdown	3.77	—	—
Martin ratio Return relative to average drawdown	14.49	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FTCE	PRXV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.91	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.50	4.69	-3.19

Drawdowns

FTCE vs. PRXV - Drawdown Comparison

The maximum FTCE drawdown since its inception was -18.11%, which is greater than PRXV's maximum drawdown of -1.18%. Use the drawdown chart below to compare losses from any high point for FTCE and PRXV.

Drawdown Indicators

	FTCE	PRXV	Difference
Max Drawdown Largest peak-to-trough decline	-18.11%	-1.18%	-16.93%
Max Drawdown (1Y) Largest decline over 1 year	-10.16%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.50%	-0.33%	-2.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	—	—

Volatility

Volatility by Period

	FTCE	PRXV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.16%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.03%	9.81%	+3.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.76%	9.81%	+6.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.76%	9.81%	+6.95%

FTCE vs. PRXV - Expense Ratio Comparison

FTCE has a 0.60% expense ratio, which is higher than PRXV's 0.36% expense ratio.

Dividends

FTCE vs. PRXV - Dividend Comparison

FTCE's dividend yield for the trailing twelve months is around 0.79%, while PRXV has not paid dividends to shareholders.

Position	TTM	2025	2024
FTCE First Trust New Constructs Core Earnings Leaders ETF	0.79%	0.96%	0.28%
PRXV Praxis Impact Large Cap Value ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTCE and PRXV in my portfolio?

FTCE and PRXV have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTCE or PRXV?

On fees, PRXV is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTCE or PRXV?

PRXV is cheaper with a 0.36% expense ratio, compared with 0.60% for FTCE.

Which ETF pays a higher dividend yield, FTCE or PRXV?

FTCE has the higher dividend yield at 0.79%, compared with 0.00% for PRXV.

What is the main difference between FTCE and PRXV?

FTCE is categorized as Large Cap Blend Equities, while PRXV is Large Cap Value Equities. They also come from different issuers: First Trust and Praxis. Their fees differ too: 0.60% for FTCE and 0.36% for PRXV.