IYG vs. FTXO
Compare and contrast key facts about iShares U.S. Financial Services ETF (IYG) and First Trust Nasdaq Bank ETF (FTXO).
IYG and FTXO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYG is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Financial Services TR. It was launched on Jun 12, 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 IYG 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: IYG or FTXO.
Key characteristics
| IYG | FTXO | |
|---|---|---|
| YTD Return | 23.66% | 21.34% |
| 1Y Return | 42.15% | 46.51% |
| 3Y Return (Ann) | 4.92% | -1.80% |
| 5Y Return (Ann) | 10.71% | 4.92% |
| Sharpe Ratio | 3.28 | 2.28 |
| Sortino Ratio | 4.28 | 3.13 |
| Omega Ratio | 1.56 | 1.38 |
| Calmar Ratio | 2.13 | 1.21 |
| Martin Ratio | 21.62 | 13.31 |
| Ulcer Index | 2.06% | 3.82% |
| Daily Std Dev | 13.50% | 22.19% |
| Max Drawdown | -81.84% | -55.26% |
| Current Drawdown | -2.76% | -11.57% |
Correlation
The correlation between IYG and FTXO is 0.90, 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.
Performance
IYG vs. FTXO - Performance Comparison
In the year-to-date period, IYG achieves a 23.66% return, which is significantly higher than FTXO's 21.34% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IYG vs. FTXO - Expense Ratio Comparison
IYG has a 0.42% expense ratio, which is lower than FTXO's 0.60% expense ratio.
Risk-Adjusted Performance
IYG vs. FTXO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Financial Services ETF (IYG) 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
IYG vs. FTXO - Dividend Comparison
IYG's dividend yield for the trailing twelve months is around 1.25%, less than FTXO's 2.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYG iShares U.S. Financial Services ETF | 1.25% | 1.77% | 2.07% | 1.25% | 1.71% | 1.59% | 1.81% | 1.24% | 1.28% | 1.33% | 1.14% | 1.04% |
FTXO First Trust Nasdaq Bank ETF | 2.47% | 3.20% | 2.94% | 1.64% | 2.74% | 2.53% | 3.51% | 1.09% | 0.16% | 0.00% | 0.00% | 0.00% |
Drawdowns
IYG vs. FTXO - Drawdown Comparison
The maximum IYG drawdown since its inception was -81.84%, which is greater than FTXO's maximum drawdown of -55.26%. Use the drawdown chart below to compare losses from any high point for IYG and FTXO. For additional features, visit the drawdowns tool.
Volatility
IYG vs. FTXO - Volatility Comparison
The current volatility for iShares U.S. Financial Services ETF (IYG) is 3.95%, while First Trust Nasdaq Bank ETF (FTXO) has a volatility of 6.09%. This indicates that IYG 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.