FTXN vs. EIPX

Last updated Jun 24, 2026

FTXN (First Trust Nasdaq Oil & Gas ETF) and EIPX (FT Energy Income Partners Strategy ETF) are both Energy Equities funds from First Trust. FTXN is passively managed, while EIPX is actively managed. Over the past 3 years, FTXN returned 13.55%/yr vs 21.25%/yr for EIPX. Their correlation of 0.85 suggests significant overlap in exposure. FTXN charges 0.60%/yr vs 0.95%/yr for EIPX.

Performance

FTXN vs. EIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Nasdaq Oil & Gas ETF (FTXN) and FT Energy Income Partners Strategy ETF (EIPX). 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 EIPX's 20.93% return.

FTXN

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

EIPX

• 1D: 1.02%
• 1M: -3.17%
• YTD: 20.93%
• 6M: 20.98%
• 1Y: 27.12%
• 3Y*: 21.25%
• 5Y*: —
• 10Y*: —

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

FTXN vs. EIPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FTXN First Trust Nasdaq Oil & Gas ETF	23.36%	-0.17%	4.06%	4.91%	-5.23%
EIPX FT Energy Income Partners Strategy ETF	20.93%	11.44%	19.11%	10.74%	1.77%

Correlation

The correlation between FTXN and EIPX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (All Time) Calculated using the full available price history since Nov 3, 2022	0.85

The correlation between FTXN and EIPX has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.

FTXN vs. EIPX - Sectors Allocation Comparison

Sectors	FTXN	EIPX
Energy	100.0%	68.4%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	4.8%
Real Estate	-	-
Technology	-	0.3%
Utilities	-	26.4%

Return for Risk

FTXN vs. EIPX — 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

EIPX

EIPX Risk / Return Rank: 83
EIPX Sharpe Ratio Rank: 83
EIPX Sortino Ratio Rank: 84
EIPX Omega Ratio Rank: 76
EIPX Calmar Ratio Rank: 90
EIPX Martin Ratio Rank: 84

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. EIPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Oil & Gas ETF (FTXN) and FT Energy Income Partners Strategy ETF (EIPX). 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	EIPX	Difference
Sharpe ratio: Return per unit of total volatility	1.15	2.45	-1.30
Sortino ratio: Return per unit of downside risk	1.62	3.49	-1.87
Omega ratio: Gain probability vs. loss probability	1.20	1.41	-0.22
Calmar ratio: Return relative to maximum drawdown	1.70	5.27	-3.57
Martin ratio: Return relative to average drawdown	4.89	16.25	-11.36

FTXN vs. EIPX - Sharpe Ratio Comparison

The current FTXN Sharpe Ratio is 1.15, which is lower than the EIPX Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of FTXN and EIPX, 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

FTXN vs. EIPX - Drawdown Comparison

The maximum FTXN drawdown since its inception was -73.49%, which is greater than EIPX's maximum drawdown of -15.43%. Use the drawdown chart below to compare losses from any high point for FTXN and EIPX.

Drawdown Indicators

	FTXN	EIPX	Difference
Max Drawdown Largest peak-to-trough decline	-73.49%	-15.43%	-58.06%
Max Drawdown (1Y) Largest decline over 1 year	-15.74%	-5.17%	-10.57%
Max Drawdown (3Y) Largest decline over 3 years	-26.96%	-15.43%	-11.53%
Max Drawdown (5Y) Largest decline over 5 years	-29.97%	—	—
Current Drawdown Current decline from peak	-13.90%	-3.41%	-10.49%
Average Drawdown Average peak-to-trough decline	-19.19%	-2.29%	-16.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.46%	1.67%	+3.79%

Volatility

FTXN vs. EIPX - Volatility Comparison

First Trust Nasdaq Oil & Gas ETF (FTXN) has a higher volatility of 7.94% compared to FT Energy Income Partners Strategy ETF (EIPX) at 3.61%. This indicates that FTXN's price experiences larger fluctuations and is considered to be riskier than EIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTXN	EIPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.94%	3.61%	+4.33%
Volatility (6M) Calculated over the trailing 6-month period	18.16%	8.44%	+9.72%
Volatility (1Y) Calculated over the trailing 1-year period	23.41%	11.17%	+12.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.67%	15.02%	+14.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.78%	15.02%	+16.76%

FTXN vs. EIPX - Expense Ratio Comparison

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

Dividends

FTXN vs. EIPX - Dividend Comparison

FTXN's dividend yield for the trailing twelve months is around 2.20%, less than EIPX's 2.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EIPX FT Energy Income Partners Strategy ETF	2.70%	3.23%	3.27%	3.48%	0.34%	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 EIPX in my portfolio?

FTXN and EIPX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTXN or EIPX?

FTXN has higher volatility (7.94%) compared to EIPX (3.61%). In terms of maximum drawdown, FTXN dropped -73.49% vs EIPX's -15.43%.

Which ETF is better, FTXN or EIPX?

On 3-year performance, EIPX leads with 21.25% vs 13.55% for FTXN. On fees, FTXN is cheaper at 0.60% per year. On volatility, EIPX has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTXN or EIPX?

Over the 3-year period, EIPX has performed better with a 21.25% return vs 13.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTXN or EIPX?

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

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

EIPX has the higher dividend yield at 2.70%, compared with 2.20% for FTXN.

What is the main difference between FTXN and EIPX?

Their fees differ too: 0.60% for FTXN and 0.95% for EIPX.

Which has better risk-adjusted returns?

EIPX currently has the higher Sharpe Ratio (2.45 vs 1.15), 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.