FTXO vs. KBE
Compare and contrast key facts about First Trust Nasdaq Bank ETF (FTXO) and SPDR S&P Bank ETF (KBE).
FTXO and KBE 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. KBE is a passively managed fund by State Street that tracks the performance of the S&P Banks Select Industry Index. It was launched on Nov 8, 2005. Both FTXO and KBE 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 KBE.
Performance
FTXO vs. KBE - Performance Comparison
Returns By Period
In the year-to-date period, FTXO achieves a 40.53% return, which is significantly higher than KBE's 36.69% return.
FTXO
40.53%
13.90%
31.97%
64.59%
8.05%
N/A
KBE
36.69%
13.10%
35.12%
60.84%
9.14%
8.77%
Key characteristics
| FTXO | KBE | |
|---|---|---|
| Sharpe Ratio | 2.60 | 2.28 |
| Sortino Ratio | 3.76 | 3.33 |
| Omega Ratio | 1.46 | 1.41 |
| Calmar Ratio | 1.71 | 1.95 |
| Martin Ratio | 16.95 | 13.84 |
| Ulcer Index | 3.81% | 4.40% |
| Daily Std Dev | 24.87% | 26.69% |
| Max Drawdown | -55.26% | -83.15% |
| Current Drawdown | 0.00% | 0.00% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FTXO vs. KBE - Expense Ratio Comparison
FTXO has a 0.60% expense ratio, which is higher than KBE's 0.35% expense ratio.
Correlation
The correlation between FTXO and KBE is 0.97, 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.
Risk-Adjusted Performance
FTXO vs. KBE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Bank ETF (FTXO) and SPDR S&P Bank ETF (KBE). 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. KBE - Dividend Comparison
FTXO's dividend yield for the trailing twelve months is around 2.14%, which matches KBE's 2.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTXO First Trust Nasdaq Bank ETF | 2.14% | 3.20% | 2.94% | 1.64% | 2.74% | 2.54% | 3.52% | 1.09% | 0.17% | 0.00% | 0.00% | 0.00% |
KBE SPDR S&P Bank ETF | 2.13% | 2.78% | 2.99% | 2.16% | 2.44% | 2.33% | 2.18% | 1.35% | 1.39% | 1.69% | 1.59% | 1.37% |
Drawdowns
FTXO vs. KBE - Drawdown Comparison
The maximum FTXO drawdown since its inception was -55.26%, smaller than the maximum KBE drawdown of -83.15%. Use the drawdown chart below to compare losses from any high point for FTXO and KBE. For additional features, visit the drawdowns tool.
Volatility
FTXO vs. KBE - Volatility Comparison
First Trust Nasdaq Bank ETF (FTXO) and SPDR S&P Bank ETF (KBE) have volatilities of 12.90% and 13.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.