SHOC vs. FTXL

Last updated Aug 2, 2026

SHOC (Strive U.S. Semiconductor ETF) and FTXL (First Trust Nasdaq Semiconductor ETF) are both Semiconductors funds - SHOC tracks the Bloomberg US Listed Semiconductors Select Index while FTXL tracks the Nasdaq U.S. Smart Semiconductor Index. Both are passively managed. Over the past 3 years, SHOC returned 40.54%/yr vs 42.82%/yr for FTXL. Their 0.96 correlation means they have historically moved very closely together. SHOC charges 0.40%/yr vs 0.60%/yr for FTXL.

Performance

SHOC vs. FTXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive U.S. Semiconductor ETF (SHOC) 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, SHOC achieves a 46.90% return, which is significantly lower than FTXL's 67.20% return.

SHOC

• 1D: 0.16%
• 1M: -7.69%
• 6M: 32.26%
• YTD: 46.90%
• 1Y: 85.23%
• 3Y*: 40.54%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 44.63%

FTXL

• 1D: -0.59%
• 1M: -13.49%
• 6M: 42.44%
• YTD: 67.20%
• 1Y: 127.03%
• 3Y*: 42.82%
• 5Y*: 26.87%
• 10Y*: —
• ALL TIME*: 27.99%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FTXL First Trust Nasdaq Semiconductor ETF	$143.42M	$100.61M	$86.48M
SHOC Strive U.S. Semiconductor ETF	$1.25M	$1.87M	$2.57M

SHOC vs. FTXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SHOC Strive U.S. Semiconductor ETF	46.90%	49.91%	16.74%	61.97%	-1.79%
FTXL First Trust Nasdaq Semiconductor ETF	67.20%	48.94%	7.59%	54.41%	0.49%

Correlation

The correlation between SHOC and FTXL is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (All Time) Calculated using the full available price history since Oct 6, 2022	0.96

The correlation between SHOC and FTXL has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

SHOC vs. FTXL - Sectors Allocation Comparison

Sectors	SHOC	FTXL
Technology	100.0%	99.6%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	0.4%
Real Estate	-	-
Utilities	-	-

Return for Risk

SHOC vs. FTXL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SHOC

SHOC Risk / Return Rank: 84
SHOC Sharpe Ratio Rank: 87
SHOC Sortino Ratio Rank: 78
SHOC Omega Ratio Rank: 79
SHOC Calmar Ratio Rank: 86
SHOC Martin Ratio Rank: 89

FTXL

FTXL Risk / Return Rank: 91
FTXL Sharpe Ratio Rank: 95
FTXL Sortino Ratio Rank: 87
FTXL Omega Ratio Rank: 87
FTXL Calmar Ratio Rank: 90
FTXL Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SHOC vs. FTXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive U.S. Semiconductor ETF (SHOC) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SHOC	FTXL	Difference
Sharpe ratio: Return per unit of total volatility	2.07	2.71	-0.64
Sortino ratio: Return per unit of downside risk	2.50	2.95	-0.45
Omega ratio: Gain probability vs. loss probability	1.33	1.39	-0.06
Calmar ratio: Return relative to maximum drawdown	3.29	3.83	-0.54
Martin ratio: Return relative to average drawdown	13.55	16.62	-3.07

SHOC vs. FTXL - Sharpe Ratio Comparison

The current SHOC Sharpe Ratio is 2.07, which is comparable to the FTXL Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of SHOC 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.

Drawdowns

SHOC vs. FTXL - Drawdown Comparison

The maximum SHOC drawdown since its inception was -37.54%, smaller than the maximum FTXL drawdown of -43.87%. Use the drawdown chart below to compare losses from any high point for SHOC and FTXL.

Drawdown Indicators

	SHOC	FTXL	Difference
Max Drawdown Largest peak-to-trough decline	-37.54%	-43.87%	+6.33%
Max Drawdown (1Y) Largest decline over 1 year	-25.20%	-32.64%	+7.44%
Max Drawdown (3Y) Largest decline over 3 years	-37.54%	-41.57%	+4.03%
Max Drawdown (5Y) Largest decline over 5 years	—	-43.87%	—
Current Drawdown Current decline from peak	-19.15%	-27.09%	+7.94%
Average Drawdown Average peak-to-trough decline	-7.59%	-10.61%	+3.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.11%	7.51%	-1.40%

Volatility

SHOC vs. FTXL - Volatility Comparison

The current volatility for Strive U.S. Semiconductor ETF (SHOC) is 16.48%, while First Trust Nasdaq Semiconductor ETF (FTXL) has a volatility of 18.94%. This indicates that SHOC 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

	SHOC	FTXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.48%	18.94%	-2.46%
Volatility (6M) Calculated over the trailing 6-month period	34.09%	39.98%	-5.89%
Volatility (1Y) Calculated over the trailing 1-year period	40.12%	46.28%	-6.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.87%	38.23%	-1.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.87%	35.28%	+1.59%

SHOC vs. FTXL - Expense Ratio Comparison

SHOC has a 0.40% expense ratio, which is lower than FTXL's 0.60% expense ratio.

Dividends

SHOC vs. FTXL - Dividend Comparison

SHOC's dividend yield for the trailing twelve months is around 0.14%, more than FTXL's 0.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FTXL First Trust Nasdaq Semiconductor ETF	0.11%	0.28%	0.54%	0.60%	0.89%	0.25%	0.48%	0.92%	0.71%	0.47%	0.12%
SHOC Strive U.S. Semiconductor ETF	0.14%	0.23%	0.35%	0.65%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SHOC and FTXL in my portfolio?

With a correlation of 0.96, SHOC and FTXL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SHOC or FTXL?

FTXL has higher volatility (18.94%) compared to SHOC (16.48%). In terms of maximum drawdown, SHOC dropped -37.54% vs FTXL's -43.87%.

Which ETF is better, SHOC or FTXL?

On 3-year performance, FTXL leads with 42.82% vs 40.54% for SHOC. On fees, SHOC is cheaper at 0.40% per year. On volatility, SHOC has been the lower-risk option at 16.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHOC or FTXL?

Over the 3-year period, FTXL has performed better with a 42.82% return vs 40.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHOC or FTXL?

SHOC is cheaper with a 0.40% expense ratio, compared with 0.60% for FTXL.

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

SHOC has the higher dividend yield at 0.14%, compared with 0.11% for FTXL.

What is the main difference between SHOC and FTXL?

SHOC tracks Bloomberg US Listed Semiconductors Select Index, while FTXL tracks Nasdaq U.S. Smart Semiconductor Index. They also come from different issuers: Strive and First Trust. Their fees differ too: 0.40% for SHOC and 0.60% for FTXL.

Which has better risk-adjusted returns?

FTXL currently has the higher Sharpe Ratio (2.71 vs 2.07), 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.