METW vs. FTXL

Last updated Jun 5, 2026

METW (Roundhill Meta Weeklypay ETF) and FTXL (First Trust Nasdaq Semiconductor ETF) are both exchange-traded funds - METW is a Technology Equities fund tracking the Ball Metaverse Index, while FTXL is a Semiconductors fund tracking the Nasdaq U.S. Smart Semiconductor Index. Both are passively managed. At a 0.31 correlation, their price movements are largely independent. METW charges 0.59%/yr vs 0.60%/yr for FTXL.

Performance

METW vs. FTXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Meta Weeklypay ETF (METW) 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, METW achieves a -8.10% return, which is significantly lower than FTXL's 110.86% return.

METW

• 1D: 0.76%
• 1M: 4.26%
• YTD: -8.10%
• 6M: -8.54%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTXL

• 1D: -2.24%
• 1M: 21.46%
• YTD: 110.86%
• 6M: 111.07%
• 1Y: 214.18%
• 3Y*: 61.46%
• 5Y*: 34.02%
• 10Y*: —

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

METW vs. FTXL - Yearly Performance Comparison

	2026 (YTD)	2025
METW Roundhill Meta Weeklypay ETF	-8.10%	-8.20%
FTXL First Trust Nasdaq Semiconductor ETF	110.86%	41.52%

Correlation

The correlation between METW and FTXL is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 20, 2025	0.31

METW vs. FTXL - Sectors Allocation Comparison

Sectors	METW	FTXL
Communication Services	23.2%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	0.5%
Real Estate	-	-
Technology	-	99.5%
Utilities	-	-

Return for Risk

METW 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: 95
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.

METW vs. FTXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Meta Weeklypay ETF (METW) 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

	METW	FTXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	6.00	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.95	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.38	0.93	-1.31

Drawdowns

METW vs. FTXL - Drawdown Comparison

The maximum METW drawdown since its inception was -40.52%, smaller than the maximum FTXL drawdown of -43.87%. Use the drawdown chart below to compare losses from any high point for METW and FTXL.

Drawdown Indicators

	METW	FTXL	Difference
Max Drawdown Largest peak-to-trough decline	-40.52%	-43.87%	+3.35%
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	-27.08%	-2.24%	-24.84%
Average Drawdown Average peak-to-trough decline	-17.35%	-10.55%	-6.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.88%	—

Volatility

Volatility by Period

	METW	FTXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	29.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	42.49%	35.94%	+6.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.49%	36.03%	+6.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.49%	34.25%	+8.24%

METW vs. FTXL - Expense Ratio Comparison

METW has a 0.59% expense ratio, which is lower than FTXL's 0.60% expense ratio.

Dividends

METW vs. FTXL - Dividend Comparison

METW's dividend yield for the trailing twelve months is around 54.95%, more than FTXL's 0.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FTXL First Trust Nasdaq Semiconductor ETF	0.13%	0.28%	0.54%	0.60%	0.89%	0.25%	0.48%	0.92%	0.71%	0.47%	0.12%
METW Roundhill Meta Weeklypay ETF	54.95%	30.89%	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 METW and FTXL in my portfolio?

METW and FTXL have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, METW or FTXL?

On fees, METW is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, METW or FTXL?

METW is cheaper with a 0.59% expense ratio, compared with 0.60% for FTXL.

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

METW has the higher dividend yield at 54.95%, compared with 0.13% for FTXL.

What is the main difference between METW and FTXL?

METW is categorized as Technology Equities, while FTXL is Semiconductors. METW tracks Ball Metaverse Index, while FTXL tracks Nasdaq U.S. Smart Semiconductor Index. They also come from different issuers: Roundhill and First Trust. Their fees differ too: 0.59% for METW and 0.60% for FTXL.