XPND vs. IETC
Compare and contrast key facts about First Trust Expanded Technology ETF (XPND) and iShares Evolved U.S. Technology ETF (IETC).
XPND and IETC 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. IETC is an actively managed fund by iShares. It was launched on Mar 21, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XPND or IETC.
Performance
XPND vs. IETC - Performance Comparison
Returns By Period
In the year-to-date period, XPND achieves a 29.73% return, which is significantly lower than IETC's 32.40% return.
XPND
29.73%
4.85%
13.23%
36.30%
N/A
N/A
IETC
32.40%
3.17%
15.63%
39.98%
22.41%
N/A
Key characteristics
| XPND | IETC | |
|---|---|---|
| Sharpe Ratio | 1.90 | 2.13 |
| Sortino Ratio | 2.54 | 2.78 |
| Omega Ratio | 1.34 | 1.38 |
| Calmar Ratio | 2.87 | 3.48 |
| Martin Ratio | 10.59 | 13.38 |
| Ulcer Index | 3.43% | 2.99% |
| Daily Std Dev | 19.09% | 18.75% |
| Max Drawdown | -38.00% | -38.48% |
| Current Drawdown | -1.46% | -2.12% |
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XPND vs. IETC - Expense Ratio Comparison
XPND has a 0.65% expense ratio, which is higher than IETC's 0.18% expense ratio.
Correlation
The correlation between XPND and IETC is 0.97, 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.
Risk-Adjusted Performance
XPND vs. IETC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Expanded Technology ETF (XPND) and iShares Evolved U.S. Technology ETF (IETC). 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. IETC - Dividend Comparison
XPND's dividend yield for the trailing twelve months is around 0.05%, less than IETC's 0.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
XPND First Trust Expanded Technology ETF | 0.05% | 0.18% | 0.34% | 0.02% | 0.00% | 0.00% | 0.00% |
IETC iShares Evolved U.S. Technology ETF | 0.56% | 0.79% | 0.92% | 0.73% | 0.48% | 0.79% | 1.27% |
Drawdowns
XPND vs. IETC - Drawdown Comparison
The maximum XPND drawdown since its inception was -38.00%, roughly equal to the maximum IETC drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for XPND and IETC. For additional features, visit the drawdowns tool.
Volatility
XPND vs. IETC - Volatility Comparison
The current volatility for First Trust Expanded Technology ETF (XPND) is 5.48%, while iShares Evolved U.S. Technology ETF (IETC) has a volatility of 6.02%. This indicates that XPND experiences smaller price fluctuations and is considered to be less risky than IETC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.