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

Performance

NXTG vs. FTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx NextG ETF (NXTG) and Fidelity MSCI Information Technology Index ETF (FTEC). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
7.77%
14.30%
NXTG
FTEC

Returns By Period

In the year-to-date period, NXTG achieves a 12.12% return, which is significantly lower than FTEC's 29.26% return. Over the past 10 years, NXTG has underperformed FTEC with an annualized return of 10.62%, while FTEC has yielded a comparatively higher 20.51% annualized return.


NXTG

YTD

12.12%

1M

-1.58%

6M

7.77%

1Y

20.73%

5Y (annualized)

12.01%

10Y (annualized)

10.62%

FTEC

YTD

29.26%

1M

4.14%

6M

14.30%

1Y

36.13%

5Y (annualized)

22.99%

10Y (annualized)

20.51%

Key characteristics


NXTGFTEC
Sharpe Ratio1.481.71
Sortino Ratio2.042.25
Omega Ratio1.251.30
Calmar Ratio2.012.37
Martin Ratio6.848.51
Ulcer Index3.03%4.25%
Daily Std Dev13.97%21.10%
Max Drawdown-33.61%-34.95%
Current Drawdown-3.98%-0.60%

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NXTG vs. FTEC - Expense Ratio Comparison

NXTG has a 0.70% expense ratio, which is higher than FTEC's 0.08% 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 FTEC: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

Correlation

-0.50.00.51.00.7

The correlation between NXTG and FTEC is 0.72, 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

NXTG vs. FTEC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx NextG ETF (NXTG) and Fidelity MSCI Information Technology Index ETF (FTEC). 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 market0.002.004.001.481.71
The chart of Sortino ratio for NXTG, currently valued at 2.04, compared to the broader market-2.000.002.004.006.008.0010.0012.002.042.25
The chart of Omega ratio for NXTG, currently valued at 1.25, compared to the broader market0.501.001.502.002.503.001.251.30
The chart of Calmar ratio for NXTG, currently valued at 2.01, compared to the broader market0.005.0010.0015.0020.002.012.37
The chart of Martin ratio for NXTG, currently valued at 6.84, compared to the broader market0.0020.0040.0060.0080.00100.006.848.51
NXTG
FTEC

The current NXTG Sharpe Ratio is 1.48, which is comparable to the FTEC Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of NXTG and FTEC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.48
1.71
NXTG
FTEC

Dividends

NXTG vs. FTEC - Dividend Comparison

NXTG's dividend yield for the trailing twelve months is around 1.89%, more than FTEC's 0.61% yield.


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%
FTEC
Fidelity MSCI Information Technology Index ETF
0.61%0.77%0.93%0.63%0.83%1.03%1.20%0.96%1.25%1.27%1.09%0.18%

Drawdowns

NXTG vs. FTEC - Drawdown Comparison

The maximum NXTG drawdown since its inception was -33.61%, roughly equal to the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for NXTG and FTEC. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-3.98%
-0.60%
NXTG
FTEC

Volatility

NXTG vs. FTEC - Volatility Comparison

The current volatility for First Trust Indxx NextG ETF (NXTG) is 3.46%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.51%. This indicates that NXTG experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
3.46%
6.51%
NXTG
FTEC