FTXN vs. DRKY

Last updated Jun 24, 2026

FTXN (First Trust Nasdaq Oil & Gas ETF) and DRKY (VistaShares Target 15 Druckenmiller Macro Distribution ETF) are both exchange-traded funds - FTXN is a Energy Equities fund tracking the Nasdaq U.S. Smart Oil & Gas Index, while DRKY is a Derivative Income fund actively managed by VistaShares. FTXN is passively managed, while DRKY is actively managed. At a correlation of -0.16, they often move in opposite directions. FTXN charges 0.60%/yr vs 0.95%/yr for DRKY.

Performance

FTXN vs. DRKY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Nasdaq Oil & Gas ETF (FTXN) and VistaShares Target 15 Druckenmiller Macro Distribution ETF (DRKY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTXN achieves a 23.36% return, which is significantly higher than DRKY's -1.34% return.

FTXN

• 1D: 0.53%
• 1M: -8.34%
• YTD: 23.36%
• 6M: 24.04%
• 1Y: 26.63%
• 3Y*: 13.55%
• 5Y*: 15.78%
• 10Y*: —

DRKY

• 1D: -0.04%
• 1M: 1.46%
• YTD: -1.34%
• 6M: -2.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTXN vs. DRKY - Yearly Performance Comparison

	2026 (YTD)	2025
FTXN First Trust Nasdaq Oil & Gas ETF	23.36%	-1.15%
DRKY VistaShares Target 15 Druckenmiller Macro Distribution ETF	-1.34%	11.81%

Correlation

The correlation between FTXN and DRKY is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025	-0.16

Return for Risk

FTXN vs. DRKY — Risk / Return Rank

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

FTXN

FTXN Risk / Return Rank: 33
FTXN Sharpe Ratio Rank: 34
FTXN Sortino Ratio Rank: 32
FTXN Omega Ratio Rank: 30
FTXN Calmar Ratio Rank: 36
FTXN Martin Ratio Rank: 34

DRKY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

FTXN vs. DRKY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Oil & Gas ETF (FTXN) and VistaShares Target 15 Druckenmiller Macro Distribution ETF (DRKY). 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.

	FTXN	DRKY	Difference
Sharpe ratio: Return per unit of total volatility	1.15	—	—
Sortino ratio: Return per unit of downside risk	1.62	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.70	—	—
Martin ratio: Return relative to average drawdown	4.89	—	—

Drawdowns

FTXN vs. DRKY - Drawdown Comparison

The maximum FTXN drawdown since its inception was -73.49%, which is greater than DRKY's maximum drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for FTXN and DRKY.

Drawdown Indicators

	FTXN	DRKY	Difference
Max Drawdown Largest peak-to-trough decline	-73.49%	-15.68%	-57.81%
Max Drawdown (1Y) Largest decline over 1 year	-15.74%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.96%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.97%	—	—
Current Drawdown Current decline from peak	-13.90%	-4.83%	-9.07%
Average Drawdown Average peak-to-trough decline	-19.19%	-4.56%	-14.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.46%	—	—

Volatility

Volatility by Period

	FTXN	DRKY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.94%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.16%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.41%	21.30%	+2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.67%	21.30%	+8.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.78%	21.30%	+10.48%

FTXN vs. DRKY - Expense Ratio Comparison

FTXN has a 0.60% expense ratio, which is lower than DRKY's 0.95% expense ratio.

Dividends

FTXN vs. DRKY - Dividend Comparison

FTXN's dividend yield for the trailing twelve months is around 2.20%, less than DRKY's 10.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DRKY VistaShares Target 15 Druckenmiller Macro Distribution ETF	10.32%	3.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FTXN First Trust Nasdaq Oil & Gas ETF	2.20%	2.83%	2.51%	3.41%	2.26%	1.04%	1.76%	2.72%	2.16%	1.78%	0.20%

Frequently Asked Questions

Can I hold both FTXN and DRKY in my portfolio?

FTXN and DRKY have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTXN or DRKY?

On fees, FTXN is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTXN or DRKY?

FTXN is cheaper with a 0.60% expense ratio, compared with 0.95% for DRKY.

Which ETF pays a higher dividend yield, FTXN or DRKY?

DRKY has the higher dividend yield at 10.32%, compared with 2.20% for FTXN.

What is the main difference between FTXN and DRKY?

FTXN is categorized as Energy Equities, while DRKY is Derivative Income. They also come from different issuers: First Trust and VistaShares. Their fees differ too: 0.60% for FTXN and 0.95% for DRKY.