NXTG vs. EWCO
Compare and contrast key facts about First Trust Indxx NextG ETF (NXTG) and Invesco S&P 500 Equal Weight Communication Services ETF (EWCO).
NXTG and EWCO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NXTG is a passively managed fund by First Trust that tracks the performance of the Indxx 5G & NextG Thematic Index. It was launched on Feb 17, 2011. EWCO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Communication Services Plus Index. It was launched on Nov 7, 2018. Both NXTG and EWCO 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: NXTG or EWCO.
Correlation
The correlation between NXTG and EWCO is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NXTG vs. EWCO - Performance Comparison
Key characteristics
Returns By Period
NXTG
1.27%
-0.05%
1.18%
10.73%
11.58%
10.11%
EWCO
N/A
N/A
N/A
N/A
N/A
N/A
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NXTG vs. EWCO - Expense Ratio Comparison
NXTG has a 0.70% expense ratio, which is higher than EWCO's 0.40% expense ratio.
Risk-Adjusted Performance
NXTG vs. EWCO — Risk-Adjusted Performance Rank
NXTG
EWCO
NXTG vs. EWCO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx NextG ETF (NXTG) and Invesco S&P 500 Equal Weight Communication Services ETF (EWCO). 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
NXTG vs. EWCO - Dividend Comparison
NXTG's dividend yield for the trailing twelve months is around 1.49%, while EWCO has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NXTG First Trust Indxx NextG ETF | 1.49% | 1.51% | 2.15% | 2.04% | 0.78% | 1.04% | 0.77% | 1.27% | 1.65% | 1.23% | 1.11% | 1.07% |
EWCO Invesco S&P 500 Equal Weight Communication Services ETF | 0.00% | 0.54% | 0.98% | 1.45% | 1.10% | 1.05% | 1.43% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NXTG vs. EWCO - Drawdown Comparison
Volatility
NXTG vs. EWCO - Volatility Comparison
First Trust Indxx NextG ETF (NXTG) has a higher volatility of 3.71% compared to Invesco S&P 500 Equal Weight Communication Services ETF (EWCO) at 0.00%. This indicates that NXTG's price experiences larger fluctuations and is considered to be riskier than EWCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.