FTXL vs. VLUE

Last updated Jun 13, 2026

FTXL (First Trust Nasdaq Semiconductor ETF) and VLUE (iShares MSCI USA Value Factor ETF) are both exchange-traded funds - FTXL is a Semiconductors fund tracking the Nasdaq U.S. Smart Semiconductor Index, while VLUE is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value Index. Both are passively managed. Over the past 5 years, FTXL returned 33.62%/yr vs 16.01%/yr for VLUE. A 0.70 correlation means they provide meaningful diversification when combined. FTXL charges 0.60%/yr vs 0.15%/yr for VLUE.

Performance

FTXL vs. VLUE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Nasdaq Semiconductor ETF (FTXL) and iShares MSCI USA Value Factor ETF (VLUE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTXL achieves a 108.47% return, which is significantly higher than VLUE's 45.72% return.

FTXL

• 1D: 2.27%
• 1M: 10.09%
• YTD: 108.47%
• 6M: 110.95%
• 1Y: 197.22%
• 3Y*: 57.13%
• 5Y*: 33.62%
• 10Y*: —

VLUE

• 1D: 0.40%
• 1M: 7.90%
• YTD: 45.72%
• 6M: 46.53%
• 1Y: 83.16%
• 3Y*: 31.47%
• 5Y*: 16.01%
• 10Y*: 15.38%

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

FTXL vs. VLUE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTXL First Trust Nasdaq Semiconductor ETF	108.47%	48.94%	7.59%	54.41%	-33.88%	36.04%	46.08%	61.77%	-14.47%	32.19%
VLUE iShares MSCI USA Value Factor ETF	45.72%	32.67%	7.25%	14.26%	-14.17%	28.93%	-0.23%	27.20%	-11.13%	21.95%

Correlation

The correlation between FTXL and VLUE is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Sep 21, 2016	0.70

The correlation between FTXL and VLUE has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.

FTXL vs. VLUE - Sectors Allocation Comparison

Sectors	FTXL	VLUE
Technology	99.5%	44.5%
Industrials	0.5%	7.4%
Basic Materials	-	1.6%
Communication Services	-	8.3%
Consumer Cyclical	-	8.3%
Consumer Defensive	-	4.0%
Energy	-	3.2%
Financial Services	-	10.4%
Healthcare	-	8.5%
Real Estate	-	1.8%
Utilities	-	2.0%

Return for Risk

FTXL vs. VLUE — Risk / Return Rank

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

FTXL

FTXL Risk / Return Rank: 97
FTXL Sharpe Ratio Rank: 98
FTXL Sortino Ratio Rank: 95
FTXL Omega Ratio Rank: 95
FTXL Calmar Ratio Rank: 98
FTXL Martin Ratio Rank: 98

VLUE

VLUE Risk / Return Rank: 97
VLUE Sharpe Ratio Rank: 98
VLUE Sortino Ratio Rank: 97
VLUE Omega Ratio Rank: 96
VLUE Calmar Ratio Rank: 97
VLUE Martin Ratio Rank: 97

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.

FTXL vs. VLUE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Semiconductor ETF (FTXL) and iShares MSCI USA Value Factor ETF (VLUE). 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.

	FTXL	VLUE	Difference
Sharpe ratio: Return per unit of total volatility	5.10	4.55	+0.56
Sortino ratio: Return per unit of downside risk	4.76	5.75	-0.99
Omega ratio: Gain probability vs. loss probability	1.66	1.77	-0.11
Calmar ratio: Return relative to maximum drawdown	13.68	9.25	+4.43
Martin ratio: Return relative to average drawdown	47.98	39.16	+8.82

FTXL vs. VLUE - Sharpe Ratio Comparison

The current FTXL Sharpe Ratio is 5.10, which is comparable to the VLUE Sharpe Ratio of 4.55. The chart below compares the historical Sharpe Ratios of FTXL and VLUE, 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

FTXL vs. VLUE - Drawdown Comparison

The maximum FTXL drawdown since its inception was -43.87%, which is greater than VLUE's maximum drawdown of -39.47%. Use the drawdown chart below to compare losses from any high point for FTXL and VLUE.

Drawdown Indicators

	FTXL	VLUE	Difference
Max Drawdown Largest peak-to-trough decline	-43.87%	-39.47%	-4.40%
Max Drawdown (1Y) Largest decline over 1 year	-14.51%	-9.04%	-5.47%
Max Drawdown (3Y) Largest decline over 3 years	-41.57%	-17.89%	-23.68%
Max Drawdown (5Y) Largest decline over 5 years	-43.87%	-27.12%	-16.75%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.47%	—
Current Drawdown Current decline from peak	-3.35%	-2.61%	-0.74%
Average Drawdown Average peak-to-trough decline	-10.54%	-6.01%	-4.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.13%	2.13%	+2.00%

Volatility

FTXL vs. VLUE - Volatility Comparison

First Trust Nasdaq Semiconductor ETF (FTXL) has a higher volatility of 19.23% compared to iShares MSCI USA Value Factor ETF (VLUE) at 8.83%. This indicates that FTXL's price experiences larger fluctuations and is considered to be riskier than VLUE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTXL	VLUE	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.23%	8.83%	+10.40%
Volatility (6M) Calculated over the trailing 6-month period	32.79%	15.31%	+17.48%
Volatility (1Y) Calculated over the trailing 1-year period	38.90%	18.38%	+20.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.63%	18.00%	+18.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.55%	19.91%	+14.64%

FTXL vs. VLUE - Expense Ratio Comparison

FTXL has a 0.60% expense ratio, which is higher than VLUE's 0.15% expense ratio.

Dividends

FTXL vs. VLUE - Dividend Comparison

FTXL's dividend yield for the trailing twelve months is around 0.13%, less than VLUE's 1.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTXL First Trust Nasdaq Semiconductor ETF	0.13%	0.28%	0.54%	0.60%	0.89%	0.25%	0.48%	0.92%	0.71%	0.47%	0.12%	0.00%
VLUE iShares MSCI USA Value Factor ETF	1.43%	2.11%	2.73%	2.66%	3.18%	2.22%	2.42%	2.61%	2.70%	2.14%	2.07%	2.39%

Frequently Asked Questions

Can I hold both FTXL and VLUE in my portfolio?

FTXL and VLUE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTXL or VLUE?

FTXL has higher volatility (19.23%) compared to VLUE (8.83%). In terms of maximum drawdown, FTXL dropped -43.87% vs VLUE's -39.47%.

Which ETF is better, FTXL or VLUE?

On 5-year performance, FTXL leads with 33.62% vs 16.01% for VLUE. On fees, VLUE is cheaper at 0.15% per year. On volatility, VLUE has been the lower-risk option at 8.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTXL or VLUE?

Over the 5-year period, FTXL has performed better with a 33.62% return vs 16.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTXL or VLUE?

VLUE is cheaper with a 0.15% expense ratio, compared with 0.60% for FTXL.

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

VLUE has the higher dividend yield at 1.43%, compared with 0.13% for FTXL.

What is the main difference between FTXL and VLUE?

FTXL is categorized as Semiconductors, while VLUE is Large Cap Value Equities. FTXL tracks Nasdaq U.S. Smart Semiconductor Index, while VLUE tracks MSCI USA Enhanced Value Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.60% for FTXL and 0.15% for VLUE.

Which has better risk-adjusted returns?

FTXL currently has the higher Sharpe Ratio (5.10 vs 4.55), 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.