STXE vs. FTWO

Last updated Jul 14, 2026

STXE (Strive Emerging Markets Ex-China ETF) and FTWO (Strive Natural Resources and Security ETF) are both exchange-traded funds - STXE is a Emerging Markets Diversified fund tracking the Bloomberg US 1000 Dividend Growth Index - Benchmark TR Gross, while FTWO is a Energy Equities fund tracking the Bloomberg Natural Resources and Security Total Return Index. Both are passively managed. Over the past year, STXE returned 58.13% vs 19.64% for FTWO. A 0.53 correlation means they provide meaningful diversification when combined. STXE charges 0.32%/yr vs 0.49%/yr for FTWO.

Performance

STXE vs. FTWO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive Emerging Markets Ex-China ETF (STXE) and Strive Natural Resources and Security ETF (FTWO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STXE achieves a 34.42% return, which is significantly higher than FTWO's 5.69% return.

STXE

• 1D: -4.66%
• 1M: -5.87%
• 6M: 26.56%
• YTD: 34.42%
• 1Y: 58.13%
• 3Y*: 24.14%
• 5Y*: —
• 10Y*: —

FTWO

• 1D: -0.57%
• 1M: -2.01%
• 6M: -1.08%
• YTD: 5.69%
• 1Y: 19.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

STXE vs. FTWO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
STXE Strive Emerging Markets Ex-China ETF	34.42%	34.23%	2.09%	6.91%
FTWO Strive Natural Resources and Security ETF	5.69%	43.06%	14.97%	0.75%

Correlation

The correlation between STXE and FTWO is 0.53, 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	0.53
Correlation (All Time) Calculated using the full available price history since Aug 31, 2023	0.53

The correlation between STXE and FTWO has been stable across timeframes, ranging from 0.53 to 0.53 - a consistent structural relationship.

Return for Risk

STXE vs. FTWO — Risk / Return Rank

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

STXE

STXE Risk / Return Rank: 82
STXE Sharpe Ratio Rank: 82
STXE Sortino Ratio Rank: 72
STXE Omega Ratio Rank: 83
STXE Calmar Ratio Rank: 88
STXE Martin Ratio Rank: 86

FTWO

FTWO Risk / Return Rank: 34
FTWO Sharpe Ratio Rank: 36
FTWO Sortino Ratio Rank: 35
FTWO Omega Ratio Rank: 33
FTWO Calmar Ratio Rank: 33
FTWO Martin Ratio Rank: 30

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.

STXE vs. FTWO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive Emerging Markets Ex-China ETF (STXE) and Strive Natural Resources and Security ETF (FTWO). 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.

	STXE	FTWO	Difference
Sharpe ratio: Return per unit of total volatility	2.08	1.05	+1.03
Sortino ratio: Return per unit of downside risk	2.60	1.52	+1.09
Omega ratio: Gain probability vs. loss probability	1.39	1.19	+0.20
Calmar ratio: Return relative to maximum drawdown	4.03	1.36	+2.67
Martin ratio: Return relative to average drawdown	14.03	3.41	+10.62

STXE vs. FTWO - Sharpe Ratio Comparison

The current STXE Sharpe Ratio is 2.08, which is higher than the FTWO Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of STXE and FTWO, 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

STXE vs. FTWO - Drawdown Comparison

The maximum STXE drawdown since its inception was -18.92%, roughly equal to the maximum FTWO drawdown of -18.17%. Use the drawdown chart below to compare losses from any high point for STXE and FTWO.

Drawdown Indicators

	STXE	FTWO	Difference
Max Drawdown Largest peak-to-trough decline	-18.92%	-18.17%	-0.75%
Max Drawdown (1Y) Largest decline over 1 year	-14.51%	-14.55%	+0.04%
Max Drawdown (3Y) Largest decline over 3 years	-18.92%	—	—
Current Drawdown Current decline from peak	-12.68%	-13.46%	+0.78%
Average Drawdown Average peak-to-trough decline	-3.78%	-3.74%	-0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.16%	5.78%	-1.62%

Volatility

STXE vs. FTWO - Volatility Comparison

Strive Emerging Markets Ex-China ETF (STXE) has a higher volatility of 14.44% compared to Strive Natural Resources and Security ETF (FTWO) at 4.62%. This indicates that STXE's price experiences larger fluctuations and is considered to be riskier than FTWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STXE	FTWO	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.44%	4.62%	+9.82%
Volatility (6M) Calculated over the trailing 6-month period	26.40%	14.87%	+11.53%
Volatility (1Y) Calculated over the trailing 1-year period	28.09%	18.76%	+9.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.56%	19.22%	+0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.56%	19.22%	+0.34%

STXE vs. FTWO - Expense Ratio Comparison

STXE has a 0.32% expense ratio, which is lower than FTWO's 0.49% expense ratio.

Dividends

STXE vs. FTWO - Dividend Comparison

STXE's dividend yield for the trailing twelve months is around 1.87%, more than FTWO's 0.95% yield.

Position	TTM	2025	2024	2023
FTWO Strive Natural Resources and Security ETF	0.95%	1.02%	1.23%	0.59%
STXE Strive Emerging Markets Ex-China ETF	1.87%	2.66%	3.22%	1.08%

Frequently Asked Questions

Can I hold both STXE and FTWO in my portfolio?

STXE and FTWO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, STXE or FTWO?

STXE has higher volatility (14.44%) compared to FTWO (4.62%). In terms of maximum drawdown, STXE dropped -18.92% vs FTWO's -18.17%.

Which ETF is better, STXE or FTWO?

On 1-year performance, STXE leads with 58.13% vs 19.64% for FTWO. On fees, STXE is cheaper at 0.32% per year. On volatility, FTWO has been the lower-risk option at 4.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, STXE or FTWO?

Over the 1-year period, STXE has performed better with a 58.13% return vs 19.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, STXE or FTWO?

STXE is cheaper with a 0.32% expense ratio, compared with 0.49% for FTWO.

Which ETF pays a higher dividend yield, STXE or FTWO?

STXE has the higher dividend yield at 1.87%, compared with 0.95% for FTWO.

What is the main difference between STXE and FTWO?

STXE is categorized as Emerging Markets Diversified, while FTWO is Energy Equities. STXE tracks Bloomberg US 1000 Dividend Growth Index - Benchmark TR Gross, while FTWO tracks Bloomberg Natural Resources and Security Total Return Index. Their fees differ too: 0.32% for STXE and 0.49% for FTWO.

Which has better risk-adjusted returns?

STXE currently has the higher Sharpe Ratio (2.08 vs 1.05), 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.