FTXO vs. KWT

Last updated Apr 2, 2026

Compare and contrast key facts about First Trust Nasdaq Bank ETF (FTXO) and iShares MSCI Kuwait ETF (KWT).

FTXO and KWT 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. KWT is a passively managed fund by iShares that tracks the performance of the MSCI All Kuwait Select Size Liquidity Capped Index. It was launched on Sep 1, 2020. Both FTXO and KWT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FTXO vs. KWT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Nasdaq Bank ETF (FTXO) and iShares MSCI Kuwait ETF (KWT). The values are adjusted to include any dividend payments, if applicable.

FTXO vs. KWT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FTXO First Trust Nasdaq Bank ETF	-3.05%	21.32%	29.05%	0.05%	-17.93%	40.53%	32.98%
KWT iShares MSCI Kuwait ETF	-5.79%	25.38%	11.29%	-4.71%	5.16%	30.73%	9.07%

Returns By Period

In the year-to-date period, FTXO achieves a -3.05% return, which is significantly higher than KWT's -5.79% return.

FTXO

• 1D: 1.08%
• 1M: -2.36%
• YTD: -3.05%
• 6M: 4.81%
• 1Y: 23.85%
• 3Y*: 22.94%
• 5Y*: 5.74%
• 10Y*: —

KWT

• 1D: -0.22%
• 1M: -0.82%
• YTD: -5.79%
• 6M: -5.79%
• 1Y: 6.67%
• 3Y*: 8.77%
• 5Y*: 10.01%
• 10Y*: —

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

FTXO vs. KWT - Expense Ratio Comparison

FTXO has a 0.60% expense ratio, which is lower than KWT's 0.74% expense ratio.

KWT

iShares MSCI Kuwait ETF

FTXO

First Trust Nasdaq Bank ETF

Return for Risk

FTXO vs. KWT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTXO

FTXO Risk / Return Rank: 46
FTXO Sharpe Ratio Rank: 47
FTXO Sortino Ratio Rank: 45
FTXO Omega Ratio Rank: 49
FTXO Calmar Ratio Rank: 49
FTXO Martin Ratio Rank: 39

KWT

KWT Risk / Return Rank: 23
KWT Sharpe Ratio Rank: 24
KWT Sortino Ratio Rank: 23
KWT Omega Ratio Rank: 24
KWT Calmar Ratio Rank: 24
KWT Martin Ratio Rank: 22

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.

FTXO vs. KWT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Bank ETF (FTXO) and iShares MSCI Kuwait ETF (KWT). 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	KWT	Difference
Sharpe ratio Return per unit of total volatility	0.92	0.45	+0.47
Sortino ratio Return per unit of downside risk	1.30	0.72	+0.58
Omega ratio Gain probability vs. loss probability	1.20	1.10	+0.09
Calmar ratio Return relative to maximum drawdown	1.35	0.58	+0.77
Martin ratio Return relative to average drawdown	3.81	1.55	+2.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTXO vs. KWT - Sharpe Ratio Comparison

The current FTXO Sharpe Ratio is 0.92, which is higher than the KWT Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of FTXO and KWT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FTXO	KWT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.92	0.45	+0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.74	-0.53
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.86	-0.56

Correlation

The correlation between FTXO and KWT is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FTXO vs. KWT - Dividend Comparison

FTXO's dividend yield for the trailing twelve months is around 1.85%, less than KWT's 5.73% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FTXO First Trust Nasdaq Bank ETF	1.85%	1.92%	2.18%	3.20%	2.94%	1.64%	2.74%	2.53%	3.51%	1.09%	0.16%
KWT iShares MSCI Kuwait ETF	5.73%	5.40%	6.09%	2.25%	5.87%	7.65%	0.27%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FTXO vs. KWT - Drawdown Comparison

The maximum FTXO drawdown since its inception was -55.26%, which is greater than KWT's maximum drawdown of -24.37%. Use the drawdown chart below to compare losses from any high point for FTXO and KWT.

Drawdown Indicators

	FTXO	KWT	Difference
Max Drawdown Largest peak-to-trough decline	-55.26%	-24.37%	-30.89%
Max Drawdown (1Y) Largest decline over 1 year	-16.69%	-11.54%	-5.15%
Max Drawdown (5Y) Largest decline over 5 years	-46.55%	-24.37%	-22.18%
Current Drawdown Current decline from peak	-11.62%	-10.34%	-1.28%
Average Drawdown Average peak-to-trough decline	-16.03%	-7.36%	-8.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.93%	4.34%	+1.59%

Volatility

FTXO vs. KWT - Volatility Comparison

First Trust Nasdaq Bank ETF (FTXO) has a higher volatility of 6.30% compared to iShares MSCI Kuwait ETF (KWT) at 4.31%. This indicates that FTXO's price experiences larger fluctuations and is considered to be riskier than KWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTXO	KWT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.30%	4.31%	+1.99%
Volatility (6M) Calculated over the trailing 6-month period	16.36%	11.09%	+5.27%
Volatility (1Y) Calculated over the trailing 1-year period	26.13%	14.87%	+11.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.07%	13.61%	+13.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.14%	13.99%	+16.15%