XPND vs. TDIV

Last updated Jun 24, 2026

XPND (First Trust Expanded Technology ETF) and TDIV (First Trust NASDAQ Technology Dividend Index Fund) are both Technology Equities funds from First Trust. XPND is actively managed, while TDIV is passively managed. Over the past 5 years, XPND returned 14.44%/yr vs 17.24%/yr for TDIV. Their correlation of 0.91 suggests significant overlap in exposure. XPND charges 0.65%/yr vs 0.50%/yr for TDIV.

Performance

XPND vs. TDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Expanded Technology ETF (XPND) and First Trust NASDAQ Technology Dividend Index Fund (TDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XPND achieves a 10.20% return, which is significantly lower than TDIV's 19.03% return.

XPND

• 1D: -3.76%
• 1M: 0.49%
• YTD: 10.20%
• 6M: 8.52%
• 1Y: 23.64%
• 3Y*: 25.30%
• 5Y*: 14.44%
• 10Y*: —

TDIV

• 1D: -2.33%
• 1M: -0.89%
• YTD: 19.03%
• 6M: 18.00%
• 1Y: 33.98%
• 3Y*: 28.59%
• 5Y*: 17.24%
• 10Y*: 18.56%

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

XPND vs. TDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XPND First Trust Expanded Technology ETF	10.20%	18.82%	29.61%	46.13%	-29.66%	15.05%
TDIV First Trust NASDAQ Technology Dividend Index Fund	19.03%	25.27%	24.43%	36.71%	-22.13%	10.75%

Correlation

The correlation between XPND and TDIV is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021	0.91

The correlation between XPND and TDIV has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

XPND vs. TDIV - Sectors Allocation Comparison

Sectors	XPND	TDIV
Technology	74.6%	87.1%
Communication Services	17.7%	11.6%
Financial Services	7.7%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	1.3%
Real Estate	-	-
Utilities	-	-

Return for Risk

XPND vs. TDIV — Risk / Return Rank

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

XPND

XPND Risk / Return Rank: 33
XPND Sharpe Ratio Rank: 36
XPND Sortino Ratio Rank: 33
XPND Omega Ratio Rank: 34
XPND Calmar Ratio Rank: 30
XPND Martin Ratio Rank: 30

TDIV

TDIV Risk / Return Rank: 53
TDIV Sharpe Ratio Rank: 52
TDIV Sortino Ratio Rank: 48
TDIV Omega Ratio Rank: 49
TDIV Calmar Ratio Rank: 63
TDIV Martin Ratio Rank: 52

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. TDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Expanded Technology ETF (XPND) and First Trust NASDAQ Technology Dividend Index Fund (TDIV). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	XPND	TDIV	Difference
Sharpe ratio: Return per unit of total volatility	1.20	1.71	-0.51
Sortino ratio: Return per unit of downside risk	1.65	2.29	-0.64
Omega ratio: Gain probability vs. loss probability	1.22	1.30	-0.08
Calmar ratio: Return relative to maximum drawdown	1.37	3.01	-1.64
Martin ratio: Return relative to average drawdown	3.94	8.56	-4.61

XPND vs. TDIV - Sharpe Ratio Comparison

The current XPND Sharpe Ratio is 1.20, which is comparable to the TDIV Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of XPND and TDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XPND vs. TDIV - Drawdown Comparison

The maximum XPND drawdown since its inception was -38.00%, which is greater than TDIV's maximum drawdown of -31.97%. Use the drawdown chart below to compare losses from any high point for XPND and TDIV.

Drawdown Indicators

	XPND	TDIV	Difference
Max Drawdown Largest peak-to-trough decline	-38.00%	-31.97%	-6.03%
Max Drawdown (1Y) Largest decline over 1 year	-17.38%	-11.35%	-6.03%
Max Drawdown (3Y) Largest decline over 3 years	-23.37%	-23.00%	-0.37%
Max Drawdown (5Y) Largest decline over 5 years	-38.00%	-31.97%	-6.03%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.97%	—
Current Drawdown Current decline from peak	-6.05%	-10.47%	+4.42%
Average Drawdown Average peak-to-trough decline	-10.01%	-4.85%	-5.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.01%	3.98%	+2.03%

Volatility

XPND vs. TDIV - Volatility Comparison

First Trust Expanded Technology ETF (XPND) and First Trust NASDAQ Technology Dividend Index Fund (TDIV) have volatilities of 10.02% and 10.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XPND	TDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.02%	10.50%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	16.31%	15.69%	+0.62%
Volatility (1Y) Calculated over the trailing 1-year period	19.80%	20.02%	-0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.13%	20.97%	+3.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.08%	20.96%	+3.12%

XPND vs. TDIV - Expense Ratio Comparison

XPND has a 0.65% expense ratio, which is higher than TDIV's 0.50% expense ratio.

Dividends

XPND vs. TDIV - Dividend Comparison

XPND's dividend yield for the trailing twelve months is around 0.10%, less than TDIV's 1.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TDIV First Trust NASDAQ Technology Dividend Index Fund	1.22%	1.40%	1.59%	1.74%	2.51%	1.76%	2.07%	2.27%	2.97%	2.27%	2.45%	2.52%
XPND First Trust Expanded Technology ETF	0.10%	0.08%	0.12%	0.18%	0.34%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XPND and TDIV in my portfolio?

XPND and TDIV have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XPND or TDIV?

TDIV has higher volatility (10.50%) compared to XPND (10.02%). In terms of maximum drawdown, XPND dropped -38.00% vs TDIV's -31.97%.

Which ETF is better, XPND or TDIV?

On 5-year performance, TDIV leads with 17.24% vs 14.44% for XPND. On fees, TDIV is cheaper at 0.50% per year. On volatility, XPND has been the lower-risk option at 10.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XPND or TDIV?

Over the 5-year period, TDIV has performed better with a 17.24% return vs 14.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XPND or TDIV?

TDIV is cheaper with a 0.50% expense ratio, compared with 0.65% for XPND.

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

TDIV has the higher dividend yield at 1.22%, compared with 0.10% for XPND.

What is the main difference between XPND and TDIV?

Their fees differ too: 0.65% for XPND and 0.50% for TDIV.

Which has better risk-adjusted returns?

TDIV currently has the higher Sharpe Ratio (1.71 vs 1.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.