Correlation
The correlation between FTXN and IEO is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
FTXN vs. IEO
Compare and contrast key facts about First Trust Nasdaq Oil & Gas ETF (FTXN) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO).
FTXN and IEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTXN is a passively managed fund by First Trust that tracks the performance of the Nasdaq U.S. Smart Oil & Gas Index. It was launched on Sep 20, 2016. IEO is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Oil Exploration & Production Index. It was launched on May 5, 2006. Both FTXN and IEO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTXN or IEO.
Performance
FTXN vs. IEO - Performance Comparison
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Key characteristics
FTXN:
-0.45
IEO:
-0.45
FTXN:
-0.51
IEO:
-0.52
FTXN:
0.93
IEO:
0.93
FTXN:
-0.53
IEO:
-0.49
FTXN:
-1.50
IEO:
-1.56
FTXN:
9.42%
IEO:
9.86%
FTXN:
28.24%
IEO:
30.11%
FTXN:
-73.49%
IEO:
-79.17%
FTXN:
-20.40%
IEO:
-22.40%
Returns By Period
In the year-to-date period, FTXN achieves a -8.73% return, which is significantly lower than IEO's -4.87% return.
FTXN
-8.73%
1.76%
-17.02%
-12.76%
-1.49%
21.08%
N/A
IEO
-4.87%
4.41%
-13.75%
-13.41%
-1.50%
24.03%
3.81%
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FTXN vs. IEO - Expense Ratio Comparison
FTXN has a 0.60% expense ratio, which is higher than IEO's 0.42% expense ratio.
Risk-Adjusted Performance
FTXN vs. IEO — Risk-Adjusted Performance Rank
FTXN
IEO
FTXN vs. IEO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Oil & Gas ETF (FTXN) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO). 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.
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Dividends
FTXN vs. IEO - Dividend Comparison
FTXN's dividend yield for the trailing twelve months is around 2.90%, more than IEO's 2.70% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTXN First Trust Nasdaq Oil & Gas ETF | 2.90% | 2.51% | 3.41% | 2.26% | 1.04% | 1.76% | 2.72% | 2.16% | 1.78% | 0.20% | 0.00% | 0.00% |
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 2.70% | 2.63% | 3.00% | 3.77% | 2.62% | 3.17% | 1.85% | 1.67% | 0.94% | 0.98% | 2.03% | 1.30% |
Drawdowns
FTXN vs. IEO - Drawdown Comparison
The maximum FTXN drawdown since its inception was -73.49%, smaller than the maximum IEO drawdown of -79.17%. Use the drawdown chart below to compare losses from any high point for FTXN and IEO.
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Volatility
FTXN vs. IEO - Volatility Comparison
The current volatility for First Trust Nasdaq Oil & Gas ETF (FTXN) is 6.49%, while iShares U.S. Oil & Gas Exploration & Production ETF (IEO) has a volatility of 6.98%. This indicates that FTXN experiences smaller price fluctuations and is considered to be less risky than IEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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