IYF vs. FTXO
Compare and contrast key facts about iShares U.S. Financials ETF (IYF) and First Trust Nasdaq Bank ETF (FTXO).
IYF and FTXO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYF is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Financials Index. It was launched on May 31, 2000. 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. Both IYF and FTXO 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: IYF or FTXO.
Performance
IYF vs. FTXO - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with IYF having a 39.23% return and FTXO slightly higher at 40.53%.
IYF
39.23%
8.74%
24.47%
50.79%
13.90%
12.16%
FTXO
40.53%
13.90%
31.97%
64.59%
8.05%
N/A
Key characteristics
| IYF | FTXO | |
|---|---|---|
| Sharpe Ratio | 3.38 | 2.60 |
| Sortino Ratio | 4.70 | 3.76 |
| Omega Ratio | 1.61 | 1.46 |
| Calmar Ratio | 4.86 | 1.71 |
| Martin Ratio | 24.29 | 16.95 |
| Ulcer Index | 2.09% | 3.81% |
| Daily Std Dev | 15.04% | 24.87% |
| Max Drawdown | -79.09% | -55.26% |
| Current Drawdown | 0.00% | 0.00% |
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IYF vs. FTXO - Expense Ratio Comparison
IYF has a 0.42% expense ratio, which is lower than FTXO's 0.60% expense ratio.
Correlation
The correlation between IYF and FTXO is 0.88, 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
IYF vs. FTXO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Financials ETF (IYF) and First Trust Nasdaq Bank ETF (FTXO). 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
IYF vs. FTXO - Dividend Comparison
IYF's dividend yield for the trailing twelve months is around 1.17%, less than FTXO's 2.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYF iShares U.S. Financials ETF | 1.17% | 1.67% | 1.86% | 1.27% | 1.72% | 1.64% | 1.90% | 1.46% | 1.67% | 1.66% | 1.38% | 1.33% |
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% |
Drawdowns
IYF vs. FTXO - Drawdown Comparison
The maximum IYF drawdown since its inception was -79.09%, which is greater than FTXO's maximum drawdown of -55.26%. Use the drawdown chart below to compare losses from any high point for IYF and FTXO. For additional features, visit the drawdowns tool.
Volatility
IYF vs. FTXO - Volatility Comparison
The current volatility for iShares U.S. Financials ETF (IYF) is 7.93%, while First Trust Nasdaq Bank ETF (FTXO) has a volatility of 12.90%. This indicates that IYF experiences smaller price fluctuations and is considered to be less risky than FTXO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.