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NXTG vs. EWCO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

NXTG vs. EWCO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx NextG ETF (NXTG) and Invesco S&P 500 Equal Weight Communication Services ETF (EWCO). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
7.77%
0
NXTG
EWCO

Returns By Period


NXTG

YTD

12.12%

1M

-1.58%

6M

7.77%

1Y

20.73%

5Y (annualized)

12.01%

10Y (annualized)

10.62%

EWCO

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


NXTGEWCO

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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.


NXTG
First Trust Indxx NextG ETF
Expense ratio chart for NXTG: current value at 0.70% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.70%
Expense ratio chart for EWCO: current value at 0.40% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.40%

Correlation

-0.50.00.51.00.7

The correlation between NXTG and EWCO is 0.66, 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.

Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for NXTG, currently valued at 1.48, compared to the broader market0.002.004.001.481.37
The chart of Sortino ratio for NXTG, currently valued at 2.04, compared to the broader market-2.000.002.004.006.008.0010.0012.002.042.41
The chart of Omega ratio for NXTG, currently valued at 1.25, compared to the broader market0.501.001.502.002.503.001.251.69
The chart of Calmar ratio for NXTG, currently valued at 2.01, compared to the broader market0.005.0010.0015.0020.002.010.27
The chart of Martin ratio for NXTG, currently valued at 6.84, compared to the broader market0.0020.0040.0060.0080.00100.006.8416.91
NXTG
EWCO

Rolling 12-month Sharpe Ratio0.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.48
1.37
NXTG
EWCO

Dividends

NXTG vs. EWCO - Dividend Comparison

NXTG's dividend yield for the trailing twelve months is around 1.89%, while EWCO has not paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
NXTG
First Trust Indxx NextG ETF
1.89%2.15%2.04%1.66%1.04%0.77%1.27%1.65%1.23%1.11%1.07%0.86%
EWCO
Invesco S&P 500 Equal Weight Communication Services ETF
0.83%0.98%1.45%1.10%1.05%1.43%0.24%0.00%0.00%0.00%0.00%0.00%

Drawdowns

NXTG vs. EWCO - Drawdown Comparison


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-3.98%
-22.19%
NXTG
EWCO

Volatility

NXTG vs. EWCO - Volatility Comparison

First Trust Indxx NextG ETF (NXTG) has a higher volatility of 3.46% 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.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%7.00%JuneJulyAugustSeptemberOctoberNovember
3.46%
0
NXTG
EWCO