TDIV vs. XT

Last updated Jun 4, 2026

TDIV (First Trust NASDAQ Technology Dividend Index Fund) and XT (iShares Future Exponential Technologies ETF) are both Technology Equities funds - TDIV tracks the NASDAQ Technology Dividend Index while XT tracks the Morningstar Exponential Technologies Index (Net). Both are passively managed. Over the past 10 years, TDIV returned 19.34%/yr vs 14.70%/yr for XT. Their correlation of 0.87 suggests significant overlap in exposure. TDIV charges 0.50%/yr vs 0.46%/yr for XT.

Performance

TDIV vs. XT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust NASDAQ Technology Dividend Index Fund (TDIV) and iShares Future Exponential Technologies ETF (XT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TDIV achieves a 30.57% return, which is significantly higher than XT's 20.20% return. Over the past 10 years, TDIV has outperformed XT with an annualized return of 19.34%, while XT has yielded a comparatively lower 14.70% annualized return.

TDIV

• 1D: -1.79%
• 1M: 15.82%
• YTD: 30.57%
• 6M: 28.79%
• 1Y: 53.63%
• 3Y*: 33.27%
• 5Y*: 19.29%
• 10Y*: 19.34%

XT

• 1D: -0.47%
• 1M: 9.47%
• YTD: 20.20%
• 6M: 20.54%
• 1Y: 45.88%
• 3Y*: 18.83%
• 5Y*: 8.42%
• 10Y*: 14.70%

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

TDIV vs. XT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TDIV First Trust NASDAQ Technology Dividend Index Fund	30.57%	25.27%	24.43%	36.71%	-22.13%	29.49%	17.55%	33.27%	-3.18%	21.95%
XT iShares Future Exponential Technologies ETF	20.20%	26.28%	0.29%	27.02%	-27.83%	16.43%	35.10%	30.74%	-4.93%	33.71%

Correlation

The correlation between TDIV and XT is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Mar 25, 2015	0.87

The correlation between TDIV and XT has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.

TDIV vs. XT - Sectors Allocation Comparison

Sectors	TDIV	XT
Technology	85.0%	43.5%
Communication Services	13.4%	5.2%
Industrials	1.6%	10.1%
Basic Materials	-	2.0%
Consumer Cyclical	-	7.9%
Consumer Defensive	-	0.0%
Energy	-	0.3%
Financial Services	-	3.3%
Healthcare	-	23.4%
Real Estate	-	0.0%
Utilities	-	4.6%

Return for Risk

TDIV vs. XT — Risk / Return Rank

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

TDIV

TDIV Risk / Return Rank: 83
TDIV Sharpe Ratio Rank: 86
TDIV Sortino Ratio Rank: 84
TDIV Omega Ratio Rank: 80
TDIV Calmar Ratio Rank: 87
TDIV Martin Ratio Rank: 79

XT

XT Risk / Return Rank: 84
XT Sharpe Ratio Rank: 86
XT Sortino Ratio Rank: 84
XT Omega Ratio Rank: 79
XT Calmar Ratio Rank: 83
XT Martin Ratio Rank: 86

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.

TDIV vs. XT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Technology Dividend Index Fund (TDIV) and iShares Future Exponential Technologies ETF (XT). 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.

	TDIV	XT	Difference
Sharpe ratio: Return per unit of total volatility	2.93	2.89	+0.04
Sortino ratio: Return per unit of downside risk	3.85	3.83	+0.02
Omega ratio: Gain probability vs. loss probability	1.49	1.48	+0.01
Calmar ratio: Return relative to maximum drawdown	5.02	4.41	+0.61
Martin ratio: Return relative to average drawdown	15.64	18.51	-2.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TDIV vs. XT - Sharpe Ratio Comparison

The current TDIV Sharpe Ratio is 2.93, which is comparable to the XT Sharpe Ratio of 2.89. The chart below compares the historical Sharpe Ratios of TDIV and XT, 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

	TDIV	XT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.93	2.89	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	0.41	+0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.93	0.73	+0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.66	+0.22

Drawdowns

TDIV vs. XT - Drawdown Comparison

The maximum TDIV drawdown since its inception was -31.97%, smaller than the maximum XT drawdown of -34.41%. Use the drawdown chart below to compare losses from any high point for TDIV and XT.

Drawdown Indicators

	TDIV	XT	Difference
Max Drawdown Largest peak-to-trough decline	-31.97%	-34.41%	+2.44%
Max Drawdown (1Y) Largest decline over 1 year	-10.74%	-10.45%	-0.29%
Max Drawdown (3Y) Largest decline over 3 years	-23.00%	-22.09%	-0.91%
Max Drawdown (5Y) Largest decline over 5 years	-31.97%	-34.41%	+2.44%
Max Drawdown (10Y) Largest decline over 10 years	-31.97%	-34.41%	+2.44%
Current Drawdown Current decline from peak	-1.79%	-0.47%	-1.32%
Average Drawdown Average peak-to-trough decline	-4.84%	-7.41%	+2.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.44%	2.49%	+0.95%

Volatility

TDIV vs. XT - Volatility Comparison

First Trust NASDAQ Technology Dividend Index Fund (TDIV) has a higher volatility of 6.86% compared to iShares Future Exponential Technologies ETF (XT) at 4.85%. This indicates that TDIV's price experiences larger fluctuations and is considered to be riskier than XT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDIV	XT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.86%	4.85%	+2.01%
Volatility (6M) Calculated over the trailing 6-month period	13.91%	11.94%	+1.97%
Volatility (1Y) Calculated over the trailing 1-year period	18.47%	15.99%	+2.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.67%	20.76%	-0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.85%	20.08%	+0.77%

TDIV vs. XT - Expense Ratio Comparison

TDIV has a 0.50% expense ratio, which is higher than XT's 0.46% expense ratio.

Dividends

TDIV vs. XT - Dividend Comparison

TDIV's dividend yield for the trailing twelve months is around 1.12%, less than XT's 6.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TDIV First Trust NASDAQ Technology Dividend Index Fund	1.12%	1.40%	1.59%	1.74%	2.51%	1.76%	2.07%	2.27%	2.97%	2.27%	2.45%	2.52%
XT iShares Future Exponential Technologies ETF	6.61%	7.95%	0.66%	0.41%	0.78%	0.84%	0.77%	1.55%	1.40%	0.97%	1.37%	1.34%

Frequently Asked Questions

Can I hold both TDIV and XT in my portfolio?

TDIV and XT have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TDIV or XT?

TDIV has higher volatility (6.86%) compared to XT (4.85%). In terms of maximum drawdown, TDIV dropped -31.97% vs XT's -34.41%.

Which ETF is better, TDIV or XT?

On 10-year performance, TDIV leads with 19.34% vs 14.70% for XT. On fees, XT is cheaper at 0.46% per year. On volatility, XT has been the lower-risk option at 4.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDIV or XT?

Over the 10-year period, TDIV has performed better with a 19.34% return vs 14.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDIV or XT?

XT is cheaper with a 0.46% expense ratio, compared with 0.50% for TDIV.

Which ETF pays a higher dividend yield, TDIV or XT?

XT has the higher dividend yield at 6.61%, compared with 1.12% for TDIV.

What is the main difference between TDIV and XT?

TDIV tracks NASDAQ Technology Dividend Index, while XT tracks Morningstar Exponential Technologies Index (Net). They also come from different issuers: First Trust and iShares. Their fees differ too: 0.50% for TDIV and 0.46% for XT.

Which has better risk-adjusted returns?

TDIV currently has the higher Sharpe Ratio (2.93 vs 2.89), 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.