XITK vs. FTLS
Compare and contrast key facts about SPDR FactSet Innovative Technology ETF (XITK) and First Trust Long/Short Equity ETF (FTLS).
XITK and FTLS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XITK is a passively managed fund by State Street that tracks the performance of the FactSet Innovative Technology Index. It was launched on Jan 13, 2016. FTLS is an actively managed fund by First Trust. It was launched on Sep 9, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XITK or FTLS.
Correlation
The correlation between XITK and FTLS is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
XITK vs. FTLS - Performance Comparison
Key characteristics
XITK:
1.09
FTLS:
1.67
XITK:
1.56
FTLS:
2.28
XITK:
1.19
FTLS:
1.30
XITK:
0.51
FTLS:
3.91
XITK:
4.46
FTLS:
12.23
XITK:
5.66%
FTLS:
1.42%
XITK:
23.35%
FTLS:
10.44%
XITK:
-65.56%
FTLS:
-20.53%
XITK:
-29.82%
FTLS:
-1.72%
Returns By Period
In the year-to-date period, XITK achieves a 5.54% return, which is significantly higher than FTLS's 1.81% return.
XITK
5.54%
3.86%
24.46%
25.37%
8.80%
N/A
FTLS
1.81%
0.63%
8.60%
16.64%
10.07%
8.83%
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XITK vs. FTLS - Expense Ratio Comparison
XITK has a 0.45% expense ratio, which is lower than FTLS's 1.60% expense ratio.
Risk-Adjusted Performance
XITK vs. FTLS — Risk-Adjusted Performance Rank
XITK
FTLS
XITK vs. FTLS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FactSet Innovative Technology ETF (XITK) and First Trust Long/Short Equity ETF (FTLS). 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.
Dividends
XITK vs. FTLS - Dividend Comparison
XITK has not paid dividends to shareholders, while FTLS's dividend yield for the trailing twelve months is around 1.48%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XITK SPDR FactSet Innovative Technology ETF | 0.00% | 0.00% | 0.08% | 0.11% | 0.00% | 0.06% | 0.14% | 1.50% | 1.74% | 1.88% | 0.00% | 0.00% |
FTLS First Trust Long/Short Equity ETF | 1.48% | 1.50% | 1.49% | 0.81% | 0.01% | 0.44% | 0.83% | 0.87% | 0.43% | 1.04% | 0.49% | 0.51% |
Drawdowns
XITK vs. FTLS - Drawdown Comparison
The maximum XITK drawdown since its inception was -65.56%, which is greater than FTLS's maximum drawdown of -20.53%. Use the drawdown chart below to compare losses from any high point for XITK and FTLS. For additional features, visit the drawdowns tool.
Volatility
XITK vs. FTLS - Volatility Comparison
SPDR FactSet Innovative Technology ETF (XITK) has a higher volatility of 6.55% compared to First Trust Long/Short Equity ETF (FTLS) at 3.27%. This indicates that XITK's price experiences larger fluctuations and is considered to be riskier than FTLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.