RFEM vs. FTXL

Last updated Jun 4, 2026

RFEM (First Trust RiverFront Dynamic Emerging Markets ETF) and FTXL (First Trust Nasdaq Semiconductor ETF) are both exchange-traded funds - RFEM is a Emerging Markets Equities fund actively managed by First Trust, while FTXL is a Semiconductors fund tracking the Nasdaq U.S. Smart Semiconductor Index. RFEM is actively managed, while FTXL is passively managed. Over the past 5 years, RFEM returned 8.99%/yr vs 34.63%/yr for FTXL. A 0.61 correlation means they provide meaningful diversification when combined. RFEM charges 0.95%/yr vs 0.60%/yr for FTXL.

Performance

RFEM vs. FTXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) 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, RFEM achieves a 21.66% return, which is significantly lower than FTXL's 115.70% return.

RFEM

• 1D: -1.39%
• 1M: 4.27%
• YTD: 21.66%
• 6M: 23.54%
• 1Y: 45.49%
• 3Y*: 24.73%
• 5Y*: 8.99%
• 10Y*: —

FTXL

• 1D: 2.21%
• 1M: 30.59%
• YTD: 115.70%
• 6M: 113.17%
• 1Y: 225.15%
• 3Y*: 61.52%
• 5Y*: 34.63%
• 10Y*: —

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

RFEM vs. FTXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RFEM First Trust RiverFront Dynamic Emerging Markets ETF	21.66%	27.71%	10.85%	20.78%	-19.05%	0.97%	8.19%	20.33%	-18.80%	35.73%
FTXL First Trust Nasdaq Semiconductor ETF	115.70%	48.94%	7.59%	54.41%	-33.88%	36.04%	46.08%	61.77%	-14.47%	32.19%

Correlation

The correlation between RFEM and FTXL is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Sep 22, 2016	0.61

The correlation between RFEM and FTXL has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.

RFEM vs. FTXL - Sectors Allocation Comparison

Sectors	RFEM	FTXL
Technology	35.8%	99.5%
Financial Services	20.4%	-
Consumer Cyclical	11.4%	-
Industrials	7.9%	0.5%
Energy	6.6%	-
Communication Services	5.7%	-
Basic Materials	4.0%	-
Consumer Defensive	3.4%	-
Healthcare	2.7%	-
Utilities	1.4%	-
Real Estate	0.7%	-

Return for Risk

RFEM vs. FTXL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RFEM

RFEM Risk / Return Rank: 81
RFEM Sharpe Ratio Rank: 83
RFEM Sortino Ratio Rank: 81
RFEM Omega Ratio Rank: 82
RFEM Calmar Ratio Rank: 78
RFEM Martin Ratio Rank: 81

FTXL

FTXL Risk / Return Rank: 97
FTXL Sharpe Ratio Rank: 98
FTXL Sortino Ratio Rank: 96
FTXL Omega Ratio Rank: 96
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.

RFEM vs. FTXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) 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.

	RFEM	FTXL	Difference
Sharpe ratio: Return per unit of total volatility	2.71	6.33	-3.61
Sortino ratio: Return per unit of downside risk	3.63	5.74	-2.12
Omega ratio: Gain probability vs. loss probability	1.49	1.78	-0.29
Calmar ratio: Return relative to maximum drawdown	3.92	15.62	-11.70
Martin ratio: Return relative to average drawdown	15.99	58.28	-42.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RFEM vs. FTXL - Sharpe Ratio Comparison

The current RFEM Sharpe Ratio is 2.71, which is lower than the FTXL Sharpe Ratio of 6.33. The chart below compares the historical Sharpe Ratios of RFEM and FTXL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RFEM	FTXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.71	6.33	-3.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.97	-0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.94	-0.42

Drawdowns

RFEM vs. FTXL - Drawdown Comparison

The maximum RFEM drawdown since its inception was -42.22%, roughly equal to the maximum FTXL drawdown of -43.87%. Use the drawdown chart below to compare losses from any high point for RFEM and FTXL.

Drawdown Indicators

	RFEM	FTXL	Difference
Max Drawdown Largest peak-to-trough decline	-42.22%	-43.87%	+1.65%
Max Drawdown (1Y) Largest decline over 1 year	-11.65%	-14.51%	+2.86%
Max Drawdown (3Y) Largest decline over 3 years	-15.81%	-41.57%	+25.76%
Max Drawdown (5Y) Largest decline over 5 years	-34.73%	-43.87%	+9.14%
Current Drawdown Current decline from peak	-1.39%	0.00%	-1.39%
Average Drawdown Average peak-to-trough decline	-11.98%	-10.56%	-1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	3.88%	-1.03%

Volatility

RFEM vs. FTXL - Volatility Comparison

The current volatility for First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) is 6.86%, while First Trust Nasdaq Semiconductor ETF (FTXL) has a volatility of 14.28%. This indicates that RFEM experiences smaller price fluctuations and is considered to be less risky than FTXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RFEM	FTXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.86%	14.28%	-7.42%
Volatility (6M) Calculated over the trailing 6-month period	14.37%	28.98%	-14.61%
Volatility (1Y) Calculated over the trailing 1-year period	16.85%	35.94%	-19.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.88%	36.02%	-18.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.81%	34.25%	-14.44%

RFEM vs. FTXL - Expense Ratio Comparison

RFEM has a 0.95% expense ratio, which is higher than FTXL's 0.60% expense ratio.

Dividends

RFEM vs. FTXL - Dividend Comparison

RFEM's dividend yield for the trailing twelve months is around 1.68%, more than FTXL's 0.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FTXL First Trust Nasdaq Semiconductor ETF	0.12%	0.28%	0.54%	0.60%	0.89%	0.25%	0.48%	0.92%	0.71%	0.47%	0.12%
RFEM First Trust RiverFront Dynamic Emerging Markets ETF	1.68%	1.98%	3.64%	3.28%	7.74%	3.21%	1.22%	3.75%	2.37%	1.62%	3.73%

Frequently Asked Questions

Can I hold both RFEM and FTXL in my portfolio?

RFEM and FTXL have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RFEM or FTXL?

FTXL has higher volatility (14.28%) compared to RFEM (6.86%). In terms of maximum drawdown, RFEM dropped -42.22% vs FTXL's -43.87%.

Which ETF is better, RFEM or FTXL?

On 5-year performance, FTXL leads with 34.63% vs 8.99% for RFEM. On fees, FTXL is cheaper at 0.60% per year. On volatility, RFEM has been the lower-risk option at 6.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RFEM or FTXL?

Over the 5-year period, FTXL has performed better with a 34.63% return vs 8.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RFEM or FTXL?

FTXL is cheaper with a 0.60% expense ratio, compared with 0.95% for RFEM.

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

RFEM has the higher dividend yield at 1.68%, compared with 0.12% for FTXL.

What is the main difference between RFEM and FTXL?

RFEM is categorized as Emerging Markets Equities, while FTXL is Semiconductors. Their fees differ too: 0.95% for RFEM and 0.60% for FTXL.

Which has better risk-adjusted returns?

FTXL currently has the higher Sharpe Ratio (6.33 vs 2.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.