XT vs. XPND

Last updated Jun 4, 2026

XT (iShares Future Exponential Technologies ETF) and XPND (First Trust Expanded Technology ETF) are both Technology Equities funds. XT is passively managed, while XPND is actively managed. Over the past 3 years, XT returned 18.83%/yr vs 28.18%/yr for XPND. Their correlation of 0.87 suggests significant overlap in exposure. XT charges 0.46%/yr vs 0.65%/yr for XPND.

Performance

XT vs. XPND - Performance Comparison

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

Returns By Period

In the year-to-date period, XT achieves a 20.20% return, which is significantly higher than XPND's 16.32% return.

XT

• 1D: -0.47%
• 1M: 9.47%
• YTD: 20.20%
• 6M: 20.54%
• 1Y: 45.88%
• 3Y*: 18.83%
• 5Y*: 8.42%
• 10Y*: 14.70%

XPND

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

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

XT vs. XPND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XT iShares Future Exponential Technologies ETF	20.20%	26.28%	0.29%	27.02%	-27.83%	5.61%
XPND First Trust Expanded Technology ETF	16.32%	18.82%	29.61%	46.13%	-29.66%	15.05%

Correlation

The correlation between XT and XPND is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jun 16, 2021	0.87

The correlation between XT and XPND has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.

XT vs. XPND - Sectors Allocation Comparison

Sectors	XT	XPND
Technology	43.5%	76.5%
Healthcare	23.4%	-
Industrials	10.1%	-
Consumer Cyclical	7.9%	-
Communication Services	5.2%	15.7%
Utilities	4.6%	-
Financial Services	3.3%	5.9%
Basic Materials	2.0%	-
Energy	0.3%	-
Real Estate	0.0%	-
Consumer Defensive	0.0%	-

Return for Risk

XT vs. XPND — Risk / Return Rank

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

XT

XT Risk / Return Rank: 84
XT Sharpe Ratio Rank: 86
XT Sortino Ratio Rank: 84
XT Omega Ratio Rank: 79
XT Calmar Ratio Rank: 83
XT Martin Ratio Rank: 86

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.

XT vs. XPND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Future Exponential Technologies ETF (XT) and First Trust Expanded Technology ETF (XPND). 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.

	XT	XPND	Difference
Sharpe ratio: Return per unit of total volatility	2.89	1.81	+1.08
Sortino ratio: Return per unit of downside risk	3.83	2.42	+1.41
Omega ratio: Gain probability vs. loss probability	1.48	1.31	+0.18
Calmar ratio: Return relative to maximum drawdown	4.41	1.86	+2.55
Martin ratio: Return relative to average drawdown	18.51	5.46	+13.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XT vs. XPND - Sharpe Ratio Comparison

The current XT Sharpe Ratio is 2.89, which is higher than the XPND Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of XT and XPND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XT	XPND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.89	1.81	+1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.69	-0.03

Drawdowns

XT vs. XPND - Drawdown Comparison

The maximum XT drawdown since its inception was -34.41%, smaller than the maximum XPND drawdown of -38.00%. Use the drawdown chart below to compare losses from any high point for XT and XPND.

Drawdown Indicators

	XT	XPND	Difference
Max Drawdown Largest peak-to-trough decline	-34.41%	-38.00%	+3.59%
Max Drawdown (1Y) Largest decline over 1 year	-10.45%	-17.38%	+6.93%
Max Drawdown (3Y) Largest decline over 3 years	-22.09%	-23.37%	+1.28%
Max Drawdown (5Y) Largest decline over 5 years	-34.41%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.41%	—	—
Current Drawdown Current decline from peak	-0.47%	-0.83%	+0.36%
Average Drawdown Average peak-to-trough decline	-7.41%	-10.07%	+2.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	5.90%	-3.41%

Volatility

XT vs. XPND - Volatility Comparison

iShares Future Exponential Technologies ETF (XT) has a higher volatility of 4.85% compared to First Trust Expanded Technology ETF (XPND) at 4.57%. This indicates that XT's price experiences larger fluctuations and is considered to be riskier than XPND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XT	XPND	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.85%	4.57%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	11.94%	14.02%	-2.08%
Volatility (1Y) Calculated over the trailing 1-year period	15.99%	17.86%	-1.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.76%	23.88%	-3.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.08%	23.88%	-3.80%

XT vs. XPND - Expense Ratio Comparison

XT has a 0.46% expense ratio, which is lower than XPND's 0.65% expense ratio.

Dividends

XT vs. XPND - Dividend Comparison

XT's dividend yield for the trailing twelve months is around 6.61%, more than XPND's 0.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XPND First Trust Expanded Technology ETF	0.09%	0.08%	0.12%	0.18%	0.34%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XT iShares Future Exponential Technologies ETF	6.61%	7.95%	0.66%	0.41%	0.78%	0.84%	0.77%	1.55%	1.40%	0.97%	1.37%	1.34%

Frequently Asked Questions

Can I hold both XT and XPND in my portfolio?

XT and XPND have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XT or XPND?

XT has higher volatility (4.85%) compared to XPND (4.57%). In terms of maximum drawdown, XT dropped -34.41% vs XPND's -38.00%.

Which ETF is better, XT or XPND?

On 3-year performance, XPND leads with 28.18% vs 18.83% for XT. On fees, XT is cheaper at 0.46% per year. On volatility, XPND has been the lower-risk option at 4.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XT or XPND?

Over the 3-year period, XPND has performed better with a 28.18% return vs 18.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XT or XPND?

XT is cheaper with a 0.46% expense ratio, compared with 0.65% for XPND.

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

XT has the higher dividend yield at 6.61%, compared with 0.09% for XPND.

What is the main difference between XT and XPND?

They also come from different issuers: iShares and First Trust. Their fees differ too: 0.46% for XT and 0.65% for XPND.

Which has better risk-adjusted returns?

XT currently has the higher Sharpe Ratio (2.89 vs 1.81), 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.