XEXP.TO vs. FHQ.TO
XEXP.TO (iShares Exponential Technologies Index ETF) and FHQ.TO (First Trust AlphaDEX U.S. Technology Sector Index ETF) are both Technology Equities funds - XEXP.TO tracks the Morningstar Exponential Technologies Index while FHQ.TO tracks the StrataQuant Technology Index. Both are passively managed. Over the past 3 years, XEXP.TO returned 13.77%/yr vs 22.48%/yr for FHQ.TO. At a 0.49 correlation, their price movements are largely independent.
Performance
XEXP.TO vs. FHQ.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XEXP.TO achieves a 19.91% return, which is significantly lower than FHQ.TO's 24.19% return.
XEXP.TO
- 1D
- -0.42%
- 1M
- 1.56%
- 6M
- 14.58%
- YTD
- 19.91%
- 1Y
- 22.74%
- 3Y*
- 13.77%
- 5Y*
- —
- 10Y*
- —
FHQ.TO
- 1D
- 0.39%
- 1M
- -4.66%
- 6M
- 18.60%
- YTD
- 24.19%
- 1Y
- 33.63%
- 3Y*
- 22.48%
- 5Y*
- 13.16%
- 10Y*
- 19.80%
XEXP.TO vs. FHQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XEXP.TO iShares Exponential Technologies Index ETF | 19.91% | 7.70% | 9.27% | 24.40% | -2.31% |
FHQ.TO First Trust AlphaDEX U.S. Technology Sector Index ETF | 24.19% | 8.42% | 25.83% | 36.49% | -7.77% |
Correlation
The correlation between XEXP.TO and FHQ.TO is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since May 31, 2022 | 0.49 |
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Return for Risk
XEXP.TO vs. FHQ.TO — Risk / Return Rank
XEXP.TO
FHQ.TO
XEXP.TO vs. FHQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Exponential Technologies Index ETF (XEXP.TO) and First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ.TO). 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.
| XEXP.TO | FHQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 2.44 | -1.09 |
| Martin ratioReturn relative to average drawdown | 3.39 | 6.72 | -3.33 |
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Drawdowns
XEXP.TO vs. FHQ.TO - Drawdown Comparison
The maximum XEXP.TO drawdown since its inception was -22.44%, smaller than the maximum FHQ.TO drawdown of -32.05%. Use the drawdown chart below to compare losses from any high point for XEXP.TO and FHQ.TO.
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Drawdown Indicators
| XEXP.TO | FHQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.44% | -32.05% | +9.61% |
Max Drawdown (1Y)Largest decline over 1 year | -16.93% | -14.13% | -2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -22.44% | -27.64% | +5.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.05% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.05% | — |
Current DrawdownCurrent decline from peak | -3.51% | -6.70% | +3.19% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -7.63% | +3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.72% | 5.11% | +1.61% |
Volatility
XEXP.TO vs. FHQ.TO - Volatility Comparison
The current volatility for iShares Exponential Technologies Index ETF (XEXP.TO) is 4.48%, while First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ.TO) has a volatility of 10.35%. This indicates that XEXP.TO experiences smaller price fluctuations and is considered to be less risky than FHQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEXP.TO | FHQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 10.35% | -5.87% |
Volatility (6M)Calculated over the trailing 6-month period | 12.43% | 20.95% | -8.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.27% | 25.24% | -5.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.15% | 23.62% | -4.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.15% | 23.37% | -4.22% |
Dividends
XEXP.TO vs. FHQ.TO - Dividend Comparison
XEXP.TO's dividend yield for the trailing twelve months is around 0.75%, while FHQ.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHQ.TO First Trust AlphaDEX U.S. Technology Sector Index ETF | 0.00% | 0.00% | 0.02% | 0.00% | 0.00% | 1.18% | 0.43% | 0.50% | 0.80% | 0.83% | 1.20% | 0.43% |
XEXP.TO iShares Exponential Technologies Index ETF | 0.75% | 0.69% | 0.80% | 0.63% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XEXP.TO and FHQ.TO have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XEXP.TO tracks Morningstar Exponential Technologies Index, while FHQ.TO tracks StrataQuant Technology Index. They also come from different issuers: iShares and First Trust.
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