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

Key characteristics


NXTGXLK
YTD Return13.64%23.85%
1Y Return28.22%36.57%
3Y Return (Ann)4.47%13.33%
5Y Return (Ann)12.03%23.65%
10Y Return (Ann)10.99%20.78%
Sharpe Ratio1.991.65
Sortino Ratio2.702.19
Omega Ratio1.341.30
Calmar Ratio1.922.12
Martin Ratio9.817.32
Ulcer Index2.87%4.91%
Daily Std Dev14.13%21.79%
Max Drawdown-33.61%-82.05%
Current Drawdown-2.67%-0.11%

Correlation

-0.50.00.51.00.7

The correlation between NXTG and XLK is 0.71, 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

NXTG vs. XLK - Performance Comparison

In the year-to-date period, NXTG achieves a 13.64% return, which is significantly lower than XLK's 23.85% return. Over the past 10 years, NXTG has underperformed XLK with an annualized return of 10.99%, while XLK has yielded a comparatively higher 20.78% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
12.70%
15.79%
NXTG
XLK

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NXTG vs. XLK - Expense Ratio Comparison

NXTG has a 0.70% expense ratio, which is higher than XLK's 0.13% 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 XLK: current value at 0.13% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.13%

Risk-Adjusted Performance

NXTG vs. XLK - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx NextG ETF (NXTG) and Technology Select Sector SPDR Fund (XLK). 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.


NXTG
Sharpe ratio
The chart of Sharpe ratio for NXTG, currently valued at 1.99, compared to the broader market-2.000.002.004.006.001.99
Sortino ratio
The chart of Sortino ratio for NXTG, currently valued at 2.70, compared to the broader market0.005.0010.002.70
Omega ratio
The chart of Omega ratio for NXTG, currently valued at 1.34, compared to the broader market1.001.502.002.503.001.34
Calmar ratio
The chart of Calmar ratio for NXTG, currently valued at 1.92, compared to the broader market0.005.0010.0015.001.92
Martin ratio
The chart of Martin ratio for NXTG, currently valued at 9.81, compared to the broader market0.0020.0040.0060.0080.00100.009.81
XLK
Sharpe ratio
The chart of Sharpe ratio for XLK, currently valued at 1.65, compared to the broader market-2.000.002.004.006.001.65
Sortino ratio
The chart of Sortino ratio for XLK, currently valued at 2.19, compared to the broader market0.005.0010.002.19
Omega ratio
The chart of Omega ratio for XLK, currently valued at 1.30, compared to the broader market1.001.502.002.503.001.30
Calmar ratio
The chart of Calmar ratio for XLK, currently valued at 2.12, compared to the broader market0.005.0010.0015.002.12
Martin ratio
The chart of Martin ratio for XLK, currently valued at 7.32, compared to the broader market0.0020.0040.0060.0080.00100.007.32

NXTG vs. XLK - Sharpe Ratio Comparison

The current NXTG Sharpe Ratio is 1.99, which is comparable to the XLK Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of NXTG and XLK, 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
1.99
1.65
NXTG
XLK

Dividends

NXTG vs. XLK - Dividend Comparison

NXTG's dividend yield for the trailing twelve months is around 1.86%, more than XLK's 0.66% yield.


TTM20232022202120202019201820172016201520142013
NXTG
First Trust Indxx NextG ETF
1.86%2.15%2.04%1.66%1.04%0.77%1.27%1.65%1.23%1.11%1.07%0.86%
XLK
Technology Select Sector SPDR Fund
0.66%0.76%1.04%0.65%0.92%1.16%1.60%1.37%1.74%1.79%1.75%1.70%

Drawdowns

NXTG vs. XLK - Drawdown Comparison

The maximum NXTG drawdown since its inception was -33.61%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for NXTG and XLK. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.67%
-0.11%
NXTG
XLK

Volatility

NXTG vs. XLK - Volatility Comparison

The current volatility for First Trust Indxx NextG ETF (NXTG) is 3.17%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 6.29%. This indicates that NXTG experiences smaller price fluctuations and is considered to be less risky than XLK 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%12.00%JuneJulyAugustSeptemberOctoberNovember
3.17%
6.29%
NXTG
XLK