TEC vs. FTXL

Last updated Jun 3, 2026

TEC (Harbor Transformative Technologies ETF) and FTXL (First Trust Nasdaq Semiconductor ETF) are both exchange-traded funds - TEC is a Technology Equities fund actively managed by Harbor, while FTXL is a Semiconductors fund tracking the Nasdaq U.S. Smart Semiconductor Index. TEC is actively managed, while FTXL is passively managed. Over the past year, TEC returned 44.57% vs 228.34% for FTXL. A 0.71 correlation means they provide meaningful diversification when combined. TEC charges 0.69%/yr vs 0.60%/yr for FTXL.

Performance

TEC vs. FTXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Transformative Technologies ETF (TEC) 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, TEC achieves a 21.91% return, which is significantly lower than FTXL's 111.04% return.

TEC

• 1D: 0.32%
• 1M: 13.37%
• YTD: 21.91%
• 6M: 20.13%
• 1Y: 44.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTXL

• 1D: 5.49%
• 1M: 26.62%
• YTD: 111.04%
• 6M: 112.63%
• 1Y: 228.34%
• 3Y*: 60.35%
• 5Y*: 34.54%
• 10Y*: —

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

TEC vs. FTXL - Yearly Performance Comparison

	2026 (YTD)	2025
TEC Harbor Transformative Technologies ETF	21.91%	44.91%
FTXL First Trust Nasdaq Semiconductor ETF	111.04%	93.23%

Correlation

The correlation between TEC and FTXL is 0.70, 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	0.70
Correlation (All Time) Calculated using the full available price history since Apr 21, 2025	0.71

The correlation between TEC and FTXL has been stable across timeframes, ranging from 0.70 to 0.71 - a consistent structural relationship.

TEC vs. FTXL - Sectors Allocation Comparison

Sectors	TEC	FTXL
Technology	69.5%	99.5%
Communication Services	13.5%	-
Consumer Cyclical	9.3%	-
Healthcare	4.2%	-
Utilities	1.5%	-
Financial Services	1.1%	-
Industrials	1.0%	0.5%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	-

Return for Risk

TEC vs. FTXL — Risk / Return Rank

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

TEC

TEC Risk / Return Rank: 57
TEC Sharpe Ratio Rank: 66
TEC Sortino Ratio Rank: 60
TEC Omega Ratio Rank: 60
TEC Calmar Ratio Rank: 51
TEC Martin Ratio Rank: 48

FTXL

FTXL Risk / Return Rank: 97
FTXL Sharpe Ratio Rank: 99
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.

TEC vs. FTXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Transformative Technologies ETF (TEC) 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.

	TEC	FTXL	Difference
Sharpe ratio Return per unit of total volatility	2.23	6.40	-4.17
Sortino ratio Return per unit of downside risk	2.88	5.79	-2.91
Omega ratio Gain probability vs. loss probability	1.38	1.79	-0.41
Calmar ratio Return relative to maximum drawdown	2.61	16.08	-13.47
Martin ratio Return relative to average drawdown	8.11	60.11	-52.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TEC vs. FTXL - Sharpe Ratio Comparison

The current TEC Sharpe Ratio is 2.23, which is lower than the FTXL Sharpe Ratio of 6.40. The chart below compares the historical Sharpe Ratios of TEC 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

	TEC	FTXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	6.40	-4.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.96	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.18	0.93	+2.26

Drawdowns

TEC vs. FTXL - Drawdown Comparison

The maximum TEC drawdown since its inception was -17.50%, smaller than the maximum FTXL drawdown of -43.87%. Use the drawdown chart below to compare losses from any high point for TEC and FTXL.

Drawdown Indicators

	TEC	FTXL	Difference
Max Drawdown Largest peak-to-trough decline	-17.50%	-43.87%	+26.37%
Max Drawdown (1Y) Largest decline over 1 year	-17.50%	-14.51%	-2.99%
Max Drawdown (3Y) Largest decline over 3 years	—	-41.57%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-43.87%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.47%	-10.56%	+7.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.62%	3.88%	+1.74%

Volatility

TEC vs. FTXL - Volatility Comparison

The current volatility for Harbor Transformative Technologies ETF (TEC) is 4.96%, while First Trust Nasdaq Semiconductor ETF (FTXL) has a volatility of 14.41%. This indicates that TEC 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

	TEC	FTXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.96%	14.41%	-9.45%
Volatility (6M) Calculated over the trailing 6-month period	15.43%	28.95%	-13.52%
Volatility (1Y) Calculated over the trailing 1-year period	20.07%	35.91%	-15.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.94%	36.01%	-15.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.94%	34.25%	-13.31%

TEC vs. FTXL - Expense Ratio Comparison

TEC has a 0.69% expense ratio, which is higher than FTXL's 0.60% expense ratio.

Dividends

TEC vs. FTXL - Dividend Comparison

TEC has not paid dividends to shareholders, while FTXL's dividend yield for the trailing twelve months is around 0.13%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FTXL First Trust Nasdaq Semiconductor ETF	0.13%	0.28%	0.54%	0.60%	0.89%	0.25%	0.48%	0.92%	0.71%	0.47%	0.12%
TEC Harbor Transformative Technologies ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TEC and FTXL in my portfolio?

TEC and FTXL have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TEC or FTXL?

FTXL has higher volatility (14.41%) compared to TEC (4.96%). In terms of maximum drawdown, TEC dropped -17.50% vs FTXL's -43.87%.

Which ETF is better, TEC or FTXL?

On 1-year performance, FTXL leads with 228.34% vs 44.57% for TEC. On fees, FTXL is cheaper at 0.60% per year. On volatility, TEC has been the lower-risk option at 4.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TEC or FTXL?

Over the 1-year period, FTXL has performed better with a 228.34% return vs 44.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TEC or FTXL?

FTXL is cheaper with a 0.60% expense ratio, compared with 0.69% for TEC.

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

FTXL has the higher dividend yield at 0.13%, compared with 0.00% for TEC.

What is the main difference between TEC and FTXL?

TEC is categorized as Technology Equities, while FTXL is Semiconductors. They also come from different issuers: Harbor and First Trust. Their fees differ too: 0.69% for TEC and 0.60% for FTXL.

Which has better risk-adjusted returns?

FTXL currently has the higher Sharpe Ratio (6.40 vs 2.23), 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.