XPND vs. FNGS

Last updated Apr 2, 2026

Compare and contrast key facts about First Trust Expanded Technology ETF (XPND) and MicroSectors FANG+ ETN (FNGS).

XPND and FNGS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XPND is an actively managed fund by First Trust. It was launched on Jun 14, 2021. FNGS is a passively managed fund by BMO that tracks the performance of the NYSE FANG+ Index. It was launched on Nov 12, 2019.

Performance

XPND vs. FNGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Expanded Technology ETF (XPND) and MicroSectors FANG+ ETN (FNGS). The values are adjusted to include any dividend payments, if applicable.

XPND vs. FNGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XPND First Trust Expanded Technology ETF	-8.31%	18.82%	29.61%	46.13%	-29.66%	15.05%
FNGS MicroSectors FANG+ ETN	-10.61%	18.64%	51.99%	95.24%	-40.32%	9.54%

Returns By Period

In the year-to-date period, XPND achieves a -8.31% return, which is significantly higher than FNGS's -10.61% return.

XPND

• 1D: 0.83%
• 1M: -4.12%
• YTD: -8.31%
• 6M: -9.25%
• 1Y: 16.58%
• 3Y*: 21.77%
• 5Y*: —
• 10Y*: —

FNGS

• 1D: 2.05%
• 1M: -3.29%
• YTD: -10.61%
• 6M: -12.74%
• 1Y: 20.77%
• 3Y*: 31.31%
• 5Y*: 16.15%
• 10Y*: —

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

XPND vs. FNGS - Expense Ratio Comparison

XPND has a 0.65% expense ratio, which is higher than FNGS's 0.58% expense ratio.

XPND

First Trust Expanded Technology ETF

FNGS

MicroSectors FANG+ ETN

Return for Risk

XPND vs. FNGS — Risk / Return Rank

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

XPND

XPND Risk / Return Rank: 35
XPND Sharpe Ratio Rank: 34
XPND Sortino Ratio Rank: 37
XPND Omega Ratio Rank: 36
XPND Calmar Ratio Rank: 35
XPND Martin Ratio Rank: 31

FNGS

FNGS Risk / Return Rank: 39
FNGS Sharpe Ratio Rank: 39
FNGS Sortino Ratio Rank: 46
FNGS Omega Ratio Rank: 42
FNGS Calmar Ratio Rank: 36
FNGS Martin Ratio Rank: 32

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.

XPND vs. FNGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Expanded Technology ETF (XPND) and MicroSectors FANG+ ETN (FNGS). 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.

	XPND	FNGS	Difference
Sharpe ratio Return per unit of total volatility	0.71	0.77	-0.06
Sortino ratio Return per unit of downside risk	1.14	1.32	-0.17
Omega ratio Gain probability vs. loss probability	1.16	1.17	-0.01
Calmar ratio Return relative to maximum drawdown	1.00	0.96	+0.03
Martin ratio Return relative to average drawdown	2.98	2.94	+0.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XPND vs. FNGS - Sharpe Ratio Comparison

The current XPND Sharpe Ratio is 0.71, which is comparable to the FNGS Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of XPND and FNGS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XPND	FNGS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	0.77	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.91	-0.44

Correlation

The correlation between XPND and FNGS is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

XPND vs. FNGS - Dividend Comparison

XPND's dividend yield for the trailing twelve months is around 0.11%, while FNGS has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021
XPND First Trust Expanded Technology ETF	0.11%	0.08%	0.12%	0.18%	0.34%	0.02%
FNGS MicroSectors FANG+ ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

XPND vs. FNGS - Drawdown Comparison

The maximum XPND drawdown since its inception was -38.00%, smaller than the maximum FNGS drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for XPND and FNGS.

Drawdown Indicators

	XPND	FNGS	Difference
Max Drawdown Largest peak-to-trough decline	-38.00%	-48.98%	+10.98%
Max Drawdown (1Y) Largest decline over 1 year	-17.38%	-22.93%	+5.55%
Max Drawdown (5Y) Largest decline over 5 years	—	-48.98%	—
Current Drawdown Current decline from peak	-13.59%	-17.66%	+4.07%
Average Drawdown Average peak-to-trough decline	-10.31%	-11.02%	+0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.83%	7.52%	-1.69%

Volatility

XPND vs. FNGS - Volatility Comparison

The current volatility for First Trust Expanded Technology ETF (XPND) is 7.15%, while MicroSectors FANG+ ETN (FNGS) has a volatility of 8.61%. This indicates that XPND experiences smaller price fluctuations and is considered to be less risky than FNGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XPND	FNGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.15%	8.61%	-1.46%
Volatility (6M) Calculated over the trailing 6-month period	14.52%	15.82%	-1.30%
Volatility (1Y) Calculated over the trailing 1-year period	23.48%	27.04%	-3.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.08%	29.98%	-5.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.08%	31.34%	-7.26%