XPND vs. GFOF
Compare and contrast key facts about First Trust Expanded Technology ETF (XPND) and Grayscale Future of Finance ETF (GFOF).
XPND and GFOF 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. GFOF is a passively managed fund by Grayscale that tracks the performance of the Bloomberg Grayscale Future of Finance Index. It was launched on Feb 1, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XPND or GFOF.
Performance
XPND vs. GFOF - Performance Comparison
Returns By Period
In the year-to-date period, XPND achieves a 29.73% return, which is significantly lower than GFOF's 55.56% return.
XPND
29.73%
4.85%
13.23%
36.30%
N/A
N/A
GFOF
55.56%
30.27%
60.73%
137.81%
N/A
N/A
Key characteristics
| XPND | GFOF | |
|---|---|---|
| Sharpe Ratio | 1.90 | 2.22 |
| Sortino Ratio | 2.54 | 2.85 |
| Omega Ratio | 1.34 | 1.33 |
| Calmar Ratio | 2.87 | 2.46 |
| Martin Ratio | 10.59 | 7.50 |
| Ulcer Index | 3.43% | 18.37% |
| Daily Std Dev | 19.09% | 62.19% |
| Max Drawdown | -38.00% | -75.18% |
| Current Drawdown | -1.46% | -2.38% |
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XPND vs. GFOF - Expense Ratio Comparison
XPND has a 0.65% expense ratio, which is lower than GFOF's 0.70% expense ratio.
Correlation
The correlation between XPND and GFOF is 0.63, 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.
Risk-Adjusted Performance
XPND vs. GFOF - Risk-Adjusted Performance 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.
Dividends
XPND vs. GFOF - Dividend Comparison
XPND's dividend yield for the trailing twelve months is around 0.05%, less than GFOF's 5.05% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
XPND First Trust Expanded Technology ETF | 0.05% | 0.18% | 0.34% | 0.02% |
GFOF Grayscale Future of Finance ETF | 5.05% | 4.07% | 0.00% | 0.00% |
Drawdowns
XPND vs. GFOF - Drawdown Comparison
The maximum XPND drawdown since its inception was -38.00%, smaller than the maximum GFOF drawdown of -75.18%. Use the drawdown chart below to compare losses from any high point for XPND and GFOF. For additional features, visit the drawdowns tool.
Volatility
XPND vs. GFOF - Volatility Comparison
The current volatility for First Trust Expanded Technology ETF (XPND) is 5.48%, while Grayscale Future of Finance ETF (GFOF) has a volatility of 26.09%. This indicates that XPND experiences smaller price fluctuations and is considered to be less risky than GFOF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.