XPND vs. GFOF

Last updated Jun 4, 2026

XPND (First Trust Expanded Technology ETF) and GFOF (Grayscale Future of Finance ETF) are both exchange-traded funds - XPND is a Technology Equities fund actively managed by First Trust, while GFOF is a Blockchain fund tracking the Bloomberg Grayscale Future of Finance Index. XPND is actively managed, while GFOF is passively managed. At a 0.50 correlation, their price movements are largely independent. XPND charges 0.65%/yr vs 0.70%/yr for GFOF.

Performance

XPND vs. GFOF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Expanded Technology ETF (XPND) and Grayscale Future of Finance ETF (GFOF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XPND

• 1D: -0.83%
• 1M: 12.34%
• YTD: 16.32%
• 6M: 15.44%
• 1Y: 32.11%
• 3Y*: 28.18%
• 5Y*: —
• 10Y*: —

GFOF

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XPND vs. GFOF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XPND First Trust Expanded Technology ETF	16.32%	18.82%	29.61%	46.13%	-23.72%
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	60.08%	145.49%	-68.58%

Correlation

The correlation between XPND and GFOF is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (All Time) Calculated using the full available price history since Feb 3, 2022	0.50

The correlation between XPND and GFOF shifts across timeframes, from 0.27 (3 years) to 0.50 (all time), reflecting how their relationship changes across market environments.

XPND vs. GFOF - Sectors Allocation Comparison

Sectors	XPND	GFOF
Technology	76.5%	22.8%
Communication Services	15.7%	-
Financial Services	5.9%	57.4%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	8.5%
Industrials	-	3.4%
Real Estate	-	-
Utilities	-	-

Return for Risk

XPND vs. GFOF — Risk / Return Rank

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

XPND

XPND Risk / Return Rank: 45
XPND Sharpe Ratio Rank: 53
XPND Sortino Ratio Rank: 50
XPND Omega Ratio Rank: 50
XPND Calmar Ratio Rank: 38
XPND Martin Ratio Rank: 36

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. GFOF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Expanded Technology ETF (XPND) and Grayscale Future of Finance ETF (GFOF). 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	GFOF	Difference
Sharpe ratio: Return per unit of total volatility	1.81	—	—
Sortino ratio: Return per unit of downside risk	2.42	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	1.86	—	—
Martin ratio: Return relative to average drawdown	5.46	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	XPND	GFOF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	—	—

Drawdowns

Drawdown Indicators

	XPND	GFOF	Difference
Max Drawdown Largest peak-to-trough decline	-38.00%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-17.38%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.37%	—	—
Current Drawdown Current decline from peak	-0.83%	—	—
Average Drawdown Average peak-to-trough decline	-10.07%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.90%	—	—

Volatility

Volatility by Period

	XPND	GFOF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.86%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.88%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.88%	—	—

XPND vs. GFOF - Expense Ratio Comparison

XPND has a 0.65% expense ratio, which is lower than GFOF's 0.70% expense ratio.

Dividends

XPND vs. GFOF - Dividend Comparison

XPND's dividend yield for the trailing twelve months is around 0.09%, while GFOF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
GFOF Grayscale Future of Finance ETF	0.00%	0.00%	2.55%	4.08%	0.00%	0.00%
XPND First Trust Expanded Technology ETF	0.09%	0.08%	0.12%	0.18%	0.34%	0.02%

Frequently Asked Questions

Can I hold both XPND and GFOF in my portfolio?

XPND and GFOF have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XPND or GFOF?

On fees, XPND is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XPND or GFOF?

XPND is cheaper with a 0.65% expense ratio, compared with 0.70% for GFOF.

Which ETF pays a higher dividend yield, XPND or GFOF?

XPND has the higher dividend yield at 0.09%, compared with 0.00% for GFOF.

What is the main difference between XPND and GFOF?

XPND is categorized as Technology Equities, while GFOF is Blockchain. They also come from different issuers: First Trust and Grayscale. Their fees differ too: 0.65% for XPND and 0.70% for GFOF.