FTXO vs. XLFI

Last updated Jul 15, 2026

FTXO (First Trust Nasdaq Bank ETF) and XLFI (State Street Financial Select Sector SPDR Premium Income ETF) are both exchange-traded funds - FTXO is a Financials Equities fund tracking the NASDAQ US Banks Index, while XLFI is a Derivative Income fund actively managed by State Street. FTXO is passively managed, while XLFI is actively managed. A 0.78 correlation means they provide meaningful diversification when combined. FTXO charges 0.60%/yr vs 0.35%/yr for XLFI.

Performance

FTXO vs. XLFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Nasdaq Bank ETF (FTXO) and State Street Financial Select Sector SPDR Premium Income ETF (XLFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTXO achieves a 12.04% return, which is significantly higher than XLFI's 2.12% return.

FTXO

• 1D: -0.37%
• 1M: 2.97%
• 6M: 11.04%
• YTD: 12.04%
• 1Y: 23.86%
• 3Y*: 27.04%
• 5Y*: 9.39%
• 10Y*: —

XLFI

• 1D: 0.27%
• 1M: 3.76%
• 6M: 2.75%
• YTD: 2.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTXO vs. XLFI - Yearly Performance Comparison

	2026 (YTD)	2025
FTXO First Trust Nasdaq Bank ETF	12.04%	11.11%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	2.12%	5.40%

Correlation

The correlation between FTXO and XLFI is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.78

FTXO vs. XLFI - Sectors Allocation Comparison

Sectors	FTXO	XLFI
Financial Services	100.0%	99.9%
Technology	0.4%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

FTXO vs. XLFI — Risk / Return Rank

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

FTXO

FTXO Risk / Return Rank: 36
FTXO Sharpe Ratio Rank: 39
FTXO Sortino Ratio Rank: 38
FTXO Omega Ratio Rank: 38
FTXO Calmar Ratio Rank: 34
FTXO Martin Ratio Rank: 32

XLFI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. XLFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Bank ETF (FTXO) and State Street Financial Select Sector SPDR Premium Income ETF (XLFI). 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	XLFI	Difference
Sharpe ratio: Return per unit of total volatility	1.15	—	—
Sortino ratio: Return per unit of downside risk	1.63	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.44	—	—
Martin ratio: Return relative to average drawdown	3.97	—	—

Drawdowns

FTXO vs. XLFI - Drawdown Comparison

The maximum FTXO drawdown since its inception was -55.26%, which is greater than XLFI's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for FTXO and XLFI.

Drawdown Indicators

	FTXO	XLFI	Difference
Max Drawdown Largest peak-to-trough decline	-55.26%	-11.89%	-43.37%
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 Drawdown Current decline from peak	-0.90%	0.00%	-0.90%
Average Drawdown Average peak-to-trough decline	-15.71%	-3.16%	-12.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.03%	—	—

Volatility

Volatility by Period

	FTXO	XLFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.84%	12.00%	+8.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.82%	12.00%	+14.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.89%	12.00%	+17.89%

FTXO vs. XLFI - Expense Ratio Comparison

FTXO has a 0.60% expense ratio, which is higher than XLFI's 0.35% expense ratio.

Dividends

FTXO vs. XLFI - Dividend Comparison

FTXO's dividend yield for the trailing twelve months is around 1.73%, less than XLFI's 11.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FTXO First Trust Nasdaq Bank ETF	1.73%	1.92%	2.18%	3.20%	2.94%	1.64%	2.74%	2.53%	3.51%	1.09%	0.16%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	11.41%	5.57%	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 XLFI in my portfolio?

FTXO and XLFI have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTXO or XLFI?

On fees, XLFI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTXO or XLFI?

XLFI is cheaper with a 0.35% expense ratio, compared with 0.60% for FTXO.

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

XLFI has the higher dividend yield at 11.41%, compared with 1.73% for FTXO.

What is the main difference between FTXO and XLFI?

FTXO is categorized as Financials Equities, while XLFI is Derivative Income. They also come from different issuers: First Trust and State Street. Their fees differ too: 0.60% for FTXO and 0.35% for XLFI.