FTXO vs. IYF
Compare and contrast key facts about First Trust Nasdaq Bank ETF (FTXO) and iShares U.S. Financials ETF (IYF).
FTXO and IYF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTXO is a passively managed fund by First Trust that tracks the performance of the NASDAQ US Banks Index. It was launched on Sep 20, 2016. IYF is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Financials Index. It was launched on May 31, 2000. Both FTXO and IYF 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: FTXO or IYF.
Key characteristics
| FTXO | IYF | |
|---|---|---|
| YTD Return | 4.99% | 9.42% |
| 1Y Return | 27.48% | 29.37% |
| 3Y Return (Ann) | -2.93% | 7.58% |
| 5Y Return (Ann) | 3.29% | 10.49% |
| Sharpe Ratio | 1.08 | 2.05 |
| Daily Std Dev | 25.13% | 14.22% |
| Max Drawdown | -55.26% | -79.09% |
| Current Drawdown | -23.48% | -2.61% |
Correlation
The correlation between FTXO and IYF is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FTXO vs. IYF - Performance Comparison
In the year-to-date period, FTXO achieves a 4.99% return, which is significantly lower than IYF's 9.42% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FTXO vs. IYF - Expense Ratio Comparison
FTXO has a 0.60% expense ratio, which is higher than IYF's 0.42% expense ratio.
Risk-Adjusted Performance
FTXO vs. IYF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Bank ETF (FTXO) and iShares U.S. Financials ETF (IYF). 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.
Dividends
FTXO vs. IYF - Dividend Comparison
FTXO's dividend yield for the trailing twelve months is around 2.92%, more than IYF's 1.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTXO First Trust Nasdaq Bank ETF | 2.92% | 3.20% | 2.94% | 1.64% | 2.74% | 2.53% | 3.51% | 1.09% | 0.16% | 0.00% | 0.00% | 0.00% |
IYF iShares U.S. Financials ETF | 1.50% | 1.67% | 1.86% | 1.27% | 1.72% | 1.65% | 1.90% | 1.46% | 1.67% | 1.66% | 1.38% | 1.33% |
Drawdowns
FTXO vs. IYF - Drawdown Comparison
The maximum FTXO drawdown since its inception was -55.26%, smaller than the maximum IYF drawdown of -79.09%. Use the drawdown chart below to compare losses from any high point for FTXO and IYF. For additional features, visit the drawdowns tool.
Volatility
FTXO vs. IYF - Volatility Comparison
First Trust Nasdaq Bank ETF (FTXO) has a higher volatility of 6.57% compared to iShares U.S. Financials ETF (IYF) at 4.22%. This indicates that FTXO's price experiences larger fluctuations and is considered to be riskier than IYF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.