FTXO vs. FBDC
FTXO (First Trust Nasdaq Bank ETF) and FBDC (FT Confluence BDC & Specialty Finance Income ETF) are both Financials Equities funds from First Trust. FTXO is passively managed, while FBDC is actively managed. At a 0.46 correlation, their price movements are largely independent. FTXO charges 0.60%/yr vs 1.35%/yr for FBDC.
Performance
FTXO vs. FBDC - Performance Comparison
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Returns By Period
In the year-to-date period, FTXO achieves a 0.81% return, which is significantly higher than FBDC's -9.51% return.
FTXO
- 1D
- -1.34%
- 1M
- -0.87%
- YTD
- 0.81%
- 6M
- 4.64%
- 1Y
- 23.41%
- 3Y*
- 24.18%
- 5Y*
- 5.35%
- 10Y*
- —
FBDC
- 1D
- -2.98%
- 1M
- -7.81%
- YTD
- -9.51%
- 6M
- -10.31%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTXO vs. FBDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTXO First Trust Nasdaq Bank ETF | 0.81% | 15.64% |
FBDC FT Confluence BDC & Specialty Finance Income ETF | -9.51% | -2.43% |
Correlation
The correlation between FTXO and FBDC is 0.46, 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 Jul 1, 2025 | 0.46 |
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Return for Risk
FTXO vs. FBDC — Risk / Return Rank
FTXO
FBDC
FTXO vs. FBDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Bank ETF (FTXO) and FT Confluence BDC & Specialty Finance Income ETF (FBDC). 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.
| FTXO | FBDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.21 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | — | — |
| Martin ratioReturn relative to average drawdown | 3.90 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FTXO | FBDC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | -0.70 | +1.01 |
Drawdowns
FTXO vs. FBDC - Drawdown Comparison
The maximum FTXO drawdown since its inception was -55.26%, which is greater than FBDC's maximum drawdown of -20.60%. Use the drawdown chart below to compare losses from any high point for FTXO and FBDC.
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Drawdown Indicators
| FTXO | FBDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.26% | -20.60% | -34.66% |
Max Drawdown (1Y)Largest decline over 1 year | -16.69% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -25.84% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -46.55% | — | — |
Current DrawdownCurrent decline from peak | -8.10% | -17.24% | +9.14% |
Average DrawdownAverage peak-to-trough decline | -15.88% | -10.14% | -5.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.01% | — | — |
Volatility
FTXO vs. FBDC - Volatility Comparison
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Volatility by Period
| FTXO | FBDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.46% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.80% | 18.06% | +2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.01% | 18.06% | +8.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.98% | 18.06% | +11.92% |
FTXO vs. FBDC - Expense Ratio Comparison
FTXO has a 0.60% expense ratio, which is lower than FBDC's 1.35% expense ratio.
Dividends
FTXO vs. FBDC - Dividend Comparison
FTXO's dividend yield for the trailing twelve months is around 1.78%, less than FBDC's 11.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FBDC FT Confluence BDC & Specialty Finance Income ETF | 11.52% | 5.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTXO First Trust Nasdaq Bank ETF | 1.78% | 1.92% | 2.18% | 3.20% | 2.94% | 1.64% | 2.74% | 2.53% | 3.51% | 1.09% | 0.16% |
Frequently Asked Questions
FTXO and FBDC have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FTXO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FTXO is cheaper with a 0.60% expense ratio, compared with 1.35% for FBDC.
FBDC has the higher dividend yield at 11.52%, compared with 1.78% for FTXO.
Their fees differ too: 0.60% for FTXO and 1.35% for FBDC.
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