FTXO vs. TFNS

Last updated Jun 26, 2026

FTXO (First Trust Nasdaq Bank ETF) and TFNS (T. Rowe Price Financials ETF) are both Financials Equities funds. FTXO is passively managed, while TFNS is actively managed. Over the past year, FTXO returned 31.91% vs 9.47% for TFNS. Their correlation of 0.83 suggests significant overlap in exposure. FTXO charges 0.60%/yr vs 0.44%/yr for TFNS.

Performance

FTXO vs. TFNS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Nasdaq Bank ETF (FTXO) and T. Rowe Price Financials ETF (TFNS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTXO achieves a 11.56% return, which is significantly higher than TFNS's -0.33% return.

FTXO

• 1D: 1.14%
• 1M: 9.12%
• YTD: 11.56%
• 6M: 8.62%
• 1Y: 31.91%
• 3Y*: 29.57%
• 5Y*: 8.55%
• 10Y*: —

TFNS

• 1D: -0.43%
• 1M: 3.27%
• YTD: -0.33%
• 6M: -2.16%
• 1Y: 9.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTXO vs. TFNS - Yearly Performance Comparison

	2026 (YTD)	2025
FTXO First Trust Nasdaq Bank ETF	11.56%	21.61%
TFNS T. Rowe Price Financials ETF	-0.33%	11.06%

Correlation

The correlation between FTXO and TFNS is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025	0.83

The correlation between FTXO and TFNS has been stable across timeframes, ranging from 0.83 to 0.83 - a consistent structural relationship.

FTXO vs. TFNS - Sectors Allocation Comparison

Sectors	FTXO	TFNS
Financial Services	100.0%	96.9%
Technology	0.4%	2.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	1.1%
Real Estate	-	-
Utilities	-	-

Return for Risk

FTXO vs. TFNS — Risk / Return Rank

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

FTXO

FTXO Risk / Return Rank: 45
FTXO Sharpe Ratio Rank: 51
FTXO Sortino Ratio Rank: 47
FTXO Omega Ratio Rank: 48
FTXO Calmar Ratio Rank: 43
FTXO Martin Ratio Rank: 37

TFNS

TFNS Risk / Return Rank: 18
TFNS Sharpe Ratio Rank: 19
TFNS Sortino Ratio Rank: 18
TFNS Omega Ratio Rank: 18
TFNS Calmar Ratio Rank: 17
TFNS Martin Ratio Rank: 18

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. TFNS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Bank ETF (FTXO) and T. Rowe Price Financials ETF (TFNS). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FTXO	TFNS	Difference
Sharpe ratio: Return per unit of total volatility	1.54	0.64	+0.90
Sortino ratio: Return per unit of downside risk	2.11	0.95	+1.16
Omega ratio: Gain probability vs. loss probability	1.27	1.12	+0.15
Calmar ratio: Return relative to maximum drawdown	1.92	0.68	+1.24
Martin ratio: Return relative to average drawdown	5.30	1.83	+3.48

FTXO vs. TFNS - Sharpe Ratio Comparison

The current FTXO Sharpe Ratio is 1.54, which is higher than the TFNS Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of FTXO and TFNS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FTXO vs. TFNS - Drawdown Comparison

The maximum FTXO drawdown since its inception was -55.26%, which is greater than TFNS's maximum drawdown of -14.00%. Use the drawdown chart below to compare losses from any high point for FTXO and TFNS.

Drawdown Indicators

	FTXO	TFNS	Difference
Max Drawdown Largest peak-to-trough decline	-55.26%	-14.00%	-41.26%
Max Drawdown (1Y) Largest decline over 1 year	-16.69%	-14.00%	-2.69%
Max Drawdown (3Y) Largest decline over 3 years	-25.84%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-46.55%	—	—
Current Drawdown Current decline from peak	0.00%	-3.11%	+3.11%
Average Drawdown Average peak-to-trough decline	-15.79%	-3.81%	-11.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.03%	5.20%	+0.83%

Volatility

FTXO vs. TFNS - Volatility Comparison

First Trust Nasdaq Bank ETF (FTXO) has a higher volatility of 5.91% compared to T. Rowe Price Financials ETF (TFNS) at 4.10%. This indicates that FTXO's price experiences larger fluctuations and is considered to be riskier than TFNS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTXO	TFNS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.91%	4.10%	+1.81%
Volatility (6M) Calculated over the trailing 6-month period	15.76%	11.38%	+4.38%
Volatility (1Y) Calculated over the trailing 1-year period	20.80%	14.90%	+5.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.90%	15.01%	+11.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.93%	15.01%	+14.92%

FTXO vs. TFNS - Expense Ratio Comparison

FTXO has a 0.60% expense ratio, which is higher than TFNS's 0.44% expense ratio.

Dividends

FTXO vs. TFNS - Dividend Comparison

FTXO's dividend yield for the trailing twelve months is around 2.24%, more than TFNS's 0.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FTXO First Trust Nasdaq Bank ETF	2.24%	1.92%	2.18%	3.20%	2.94%	1.64%	2.74%	2.53%	3.51%	1.09%	0.16%
TFNS T. Rowe Price Financials ETF	0.49%	0.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTXO and TFNS in my portfolio?

FTXO and TFNS have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTXO or TFNS?

FTXO has higher volatility (5.91%) compared to TFNS (4.10%). In terms of maximum drawdown, FTXO dropped -55.26% vs TFNS's -14.00%.

Which ETF is better, FTXO or TFNS?

On 1-year performance, FTXO leads with 31.91% vs 9.47% for TFNS. On fees, TFNS is cheaper at 0.44% per year. On volatility, TFNS has been the lower-risk option at 4.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTXO or TFNS?

Over the 1-year period, FTXO has performed better with a 31.91% return vs 9.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTXO or TFNS?

TFNS is cheaper with a 0.44% expense ratio, compared with 0.60% for FTXO.

Which ETF pays a higher dividend yield, FTXO or TFNS?

FTXO has the higher dividend yield at 2.24%, compared with 0.49% for TFNS.

What is the main difference between FTXO and TFNS?

They also come from different issuers: First Trust and T. Rowe Price. Their fees differ too: 0.60% for FTXO and 0.44% for TFNS.

Which has better risk-adjusted returns?

FTXO currently has the higher Sharpe Ratio (1.54 vs 0.64), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.