IVES vs. FTXL

Last updated Jun 4, 2026

IVES (Dan IVES Wedbush AI Revolution ETF) and FTXL (First Trust Nasdaq Semiconductor ETF) are both exchange-traded funds - IVES is a Technology Equities fund tracking the Solactive Wedbush Artificial Intelligence Index, while FTXL is a Semiconductors fund tracking the Nasdaq U.S. Smart Semiconductor Index. Both are passively managed. A 0.66 correlation means they provide meaningful diversification when combined. IVES charges 0.75%/yr vs 0.60%/yr for FTXL.

Performance

IVES vs. FTXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dan IVES Wedbush AI Revolution ETF (IVES) and First Trust Nasdaq Semiconductor ETF (FTXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVES achieves a 27.14% return, which is significantly lower than FTXL's 115.70% return.

IVES

• 1D: -2.92%
• 1M: 18.28%
• YTD: 27.14%
• 6M: 24.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTXL

• 1D: 2.21%
• 1M: 30.59%
• YTD: 115.70%
• 6M: 113.17%
• 1Y: 225.15%
• 3Y*: 61.52%
• 5Y*: 34.63%
• 10Y*: —

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

IVES vs. FTXL - Yearly Performance Comparison

	2026 (YTD)	2025
IVES Dan IVES Wedbush AI Revolution ETF	27.14%	25.06%
FTXL First Trust Nasdaq Semiconductor ETF	115.70%	49.00%

Correlation

The correlation between IVES and FTXL is 0.66, 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 Jun 5, 2025	0.66

IVES vs. FTXL - Sectors Allocation Comparison

Sectors	IVES	FTXL
Technology	67.8%	99.5%
Consumer Cyclical	12.9%	-
Communication Services	11.8%	-
Industrials	4.3%	0.5%
Financial Services	1.7%	-
Utilities	1.7%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

IVES vs. FTXL — Risk / Return Rank

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

FTXL

FTXL Risk / Return Rank: 97
FTXL Sharpe Ratio Rank: 98
FTXL Sortino Ratio Rank: 96
FTXL Omega Ratio Rank: 96
FTXL Calmar Ratio Rank: 98
FTXL Martin Ratio Rank: 98

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.

IVES vs. FTXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dan IVES Wedbush AI Revolution ETF (IVES) and First Trust Nasdaq Semiconductor ETF (FTXL). 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.

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

Sharpe Ratios by Period

	IVES	FTXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	6.33	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.32	0.94	+1.38

Drawdowns

IVES vs. FTXL - Drawdown Comparison

The maximum IVES drawdown since its inception was -22.64%, smaller than the maximum FTXL drawdown of -43.87%. Use the drawdown chart below to compare losses from any high point for IVES and FTXL.

Drawdown Indicators

	IVES	FTXL	Difference
Max Drawdown Largest peak-to-trough decline	-22.64%	-43.87%	+21.23%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.51%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-41.57%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-43.87%	—
Current Drawdown Current decline from peak	-3.69%	0.00%	-3.69%
Average Drawdown Average peak-to-trough decline	-5.63%	-10.56%	+4.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.88%	—

Volatility

Volatility by Period

	IVES	FTXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.98%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.77%	35.94%	-10.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.77%	36.02%	-10.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.77%	34.25%	-8.48%

IVES vs. FTXL - Expense Ratio Comparison

IVES has a 0.75% expense ratio, which is higher than FTXL's 0.60% expense ratio.

Dividends

IVES vs. FTXL - Dividend Comparison

IVES's dividend yield for the trailing twelve months is around 0.33%, more than FTXL's 0.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FTXL First Trust Nasdaq Semiconductor ETF	0.12%	0.28%	0.54%	0.60%	0.89%	0.25%	0.48%	0.92%	0.71%	0.47%	0.12%
IVES Dan IVES Wedbush AI Revolution ETF	0.33%	0.41%	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 IVES and FTXL in my portfolio?

IVES and FTXL have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IVES or FTXL?

On fees, FTXL is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IVES or FTXL?

FTXL is cheaper with a 0.60% expense ratio, compared with 0.75% for IVES.

Which ETF pays a higher dividend yield, IVES or FTXL?

IVES has the higher dividend yield at 0.33%, compared with 0.12% for FTXL.

What is the main difference between IVES and FTXL?

IVES is categorized as Technology Equities, while FTXL is Semiconductors. IVES tracks Solactive Wedbush Artificial Intelligence Index, while FTXL tracks Nasdaq U.S. Smart Semiconductor Index. They also come from different issuers: Wedbush and First Trust. Their fees differ too: 0.75% for IVES and 0.60% for FTXL.