USMD vs. FTXL

Last updated Jul 16, 2026

USMD (CoreValues America First Technology ETF) and FTXL (First Trust Nasdaq Semiconductor ETF) are both exchange-traded funds - USMD is a Technology Equities fund actively managed by CoreValues, while FTXL is a Semiconductors fund tracking the Nasdaq U.S. Smart Semiconductor Index. USMD is actively managed, while FTXL is passively managed. A 0.80 correlation means they provide meaningful diversification when combined. USMD charges 0.87%/yr vs 0.60%/yr for FTXL.

Performance

USMD vs. FTXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CoreValues America First Technology ETF (USMD) and First Trust Nasdaq Semiconductor ETF (FTXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

USMD

• 1D: -0.97%
• 1M: -5.41%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTXL

• 1D: -3.04%
• 1M: -15.22%
• 6M: 66.52%
• YTD: 86.01%
• 1Y: 142.89%
• 3Y*: 50.28%
• 5Y*: 31.28%
• 10Y*: —

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

USMD vs. FTXL - Yearly Performance Comparison

	2026 (YTD)
USMD CoreValues America First Technology ETF	21.52%
FTXL First Trust Nasdaq Semiconductor ETF	64.15%

Correlation

The correlation between USMD and FTXL is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 6, 2026	0.80

Return for Risk

USMD vs. FTXL — Risk / Return Rank

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

USMD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FTXL

FTXL Risk / Return Rank: 94
FTXL Sharpe Ratio Rank: 96
FTXL Sortino Ratio Rank: 90
FTXL Omega Ratio Rank: 90
FTXL Calmar Ratio Rank: 96
FTXL Martin Ratio Rank: 96

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.

USMD vs. FTXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CoreValues America First Technology ETF (USMD) 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.

	USMD	FTXL	Difference
Sharpe ratio: Return per unit of total volatility	—	3.29	—
Sortino ratio: Return per unit of downside risk	—	3.36	—
Omega ratio: Gain probability vs. loss probability	—	1.46	—
Calmar ratio: Return relative to maximum drawdown	—	7.61	—
Martin ratio: Return relative to average drawdown	—	26.74	—

Drawdowns

USMD vs. FTXL - Drawdown Comparison

The maximum USMD drawdown since its inception was -10.35%, smaller than the maximum FTXL drawdown of -43.87%. Use the drawdown chart below to compare losses from any high point for USMD and FTXL.

Drawdown Indicators

	USMD	FTXL	Difference
Max Drawdown Largest peak-to-trough decline	-10.35%	-43.87%	+33.52%
Max Drawdown (1Y) Largest decline over 1 year	—	-18.89%	—
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	-8.83%	-18.89%	+10.06%
Average Drawdown Average peak-to-trough decline	-3.13%	-10.54%	+7.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.36%	—

Volatility

Volatility by Period

	USMD	FTXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	21.32%	—
Volatility (6M) Calculated over the trailing 6-month period	—	37.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	26.33%	43.70%	-17.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.33%	37.73%	-11.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.33%	35.03%	-8.70%

USMD vs. FTXL - Expense Ratio Comparison

USMD has a 0.87% expense ratio, which is higher than FTXL's 0.60% expense ratio.

Dividends

USMD vs. FTXL - Dividend Comparison

USMD has not paid dividends to shareholders, while FTXL's dividend yield for the trailing twelve months is around 0.10%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FTXL First Trust Nasdaq Semiconductor ETF	0.10%	0.28%	0.54%	0.60%	0.89%	0.25%	0.48%	0.92%	0.71%	0.47%	0.12%
USMD CoreValues America First Technology 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 USMD and FTXL in my portfolio?

USMD and FTXL have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USMD or FTXL?

On fees, FTXL is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USMD or FTXL?

FTXL is cheaper with a 0.60% expense ratio, compared with 0.87% for USMD.

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

FTXL has the higher dividend yield at 0.10%, compared with 0.00% for USMD.

What is the main difference between USMD and FTXL?

USMD is categorized as Technology Equities, while FTXL is Semiconductors. They also come from different issuers: CoreValues and First Trust. Their fees differ too: 0.87% for USMD and 0.60% for FTXL.