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Launched · SEC filings

First Trust Nasdaq Bank ETF

FTXONasdaqFirst TrustD

$39.97−0.38 (−0.94%)

At close: Nov 3, 2026, 4:00 PM ET

D36/ 100

Rank 8 of 9 in Banks

D36/100Rank 8 of 9inBanks
Intraday session: down, 79 prints from 40.35 to 39.97. Range 39.88 to 40.38. Use the arrow keys to read each point.39.9040.1040.2010 AM12 PM2 PM4 PM
Expense ratio
0.60%
Fund size
$240M
1Y total return
+18.8%
Yield · Last 12 months
1.91%
Holdings
51
Avg volume · 30D
91.4K sh
52W range
low $33.59high $44.12
Launched
Filings
SEC EDGAR

The ETF.net FTXO Grade

Based on 5 of 6 pillars

D

Score 36 out of 100

Category
Banks⁠
Rank
8 of 9
Six-pillar profile for FTXO. Scores out of 100: Cost 13, Risk 46, Mission not scored, Tradability 58, Holdings 53, Durability 55. Strongest: Tradability (58). Weakest: Cost (13). Based on 5 of 6 pillars.

Score 36 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F13 out of 100
    Rank 8 of 9

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C46 out of 100
    Rank 5 of 9

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B58 out of 100
    Rank 4 of 9

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C53 out of 100
    Rank 6 of 9

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B55 out of 100
    Rank 5 of 9

Our read on FTXO

ETF.net Research

In short

DMost bank ETFs just buy the sector by size. FTXO screens US banks on value, momentum and profitability, then holds roughly 40 that clear the bar. A stock-picker's bank fund, run by rules instead of a manager.

Stated mandate

The fund seeks to track the performance of the Nasdaq US Smart BanksTM Index before fees and expenses, using a replication strategy.

Why people hold it

  • Rules do the picking: the Nasdaq US Smart Banks Index ranks US banks on value, momentum and profitability, and the fund replicates it rather than weighting purely by size.ftportfolios.com
  • A tight book of roughly 40 banks, so individual names carry real weight instead of being diluted across the whole sector.ftportfolios.com
  • Live since 2016, with a track record of hugging its index very closely and paying distributions quarterly.

Worth knowing

  • The screening costs: 0.60% a year against 0.35% for plain-vanilla bank funds like KBE, KBWB and KRE. You are paying for the ranking process, not just sector exposure.
  • Screens can tilt it away from the biggest banks, so its path can look quite different from a standard market-cap bank index in either direction.ftportfolios.com
  • Mid-sized and moderately traded rather than a category heavyweight, so spreads can run wider than the largest bank ETFs.

FTXO Holdings

Holdings pillarC53 out of 100Rank 6 of 9 in Banks
Asset class
Stocks
Holdings
51
Top-10 weight
58%
Largest holding
USB7.9%

Sectors

  • Financials100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1USBU.S. Bancorp7.94%320,874$19.1M366
2WFCWells Fargo & Company7.94%228,725$19.1M377
3JPMJPMorgan Chase & Co.7.79%55,500$18.7M485
4CCitigroup Inc.7.66%150,124$18.4M409
5BACBank of America Corporation6.64%319,012$16M434
6FCNCAFirst Citizens BancShares, Inc. (Class A)4.47%4,564$10.7M167
7FITBFifth Third Bancorp3.97%176,898$9.53M303
8PNCThe PNC Financial Services Group, Inc.3.91%41,228$9.39M335
9MTBM&T Bank Corporation3.88%42,232$9.32M294
10CFGCitizens Financial Group, Inc.3.81%143,453$9.15M307
11KEYKeyCorp3.47%394,428$8.33M285
12RFRegions Financial Corporation3.35%281,960$8.06M315
13EWBCEast West Bancorp, Inc.1.82%33,441$4.37M193
14SSBSouthState Bank Corporation1.80%41,171$4.33M153
15FHNFirst Horizon Corporation1.61%166,564$3.88M152

Showing 1–15 of 51 holdings

FTXO Performance

Launched Sep 20, 2016

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

FTXO$11,881
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. FTXO $11,881. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FTXO. Periods over one year show the average yearly return.
PeriodFTXO
Year to date+8.2%
1 month+3.6%
3 months−4.3%
1 year+18.8%
3 yearsper year+28.2%
5 yearsper year+5.9%
10 yearsper year+9.6%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FTXO
YearReturn barFTXO
2026 YTD+8.2%
2025+21.3%
2024+29.0%
20230.0%
2022−18.0%
2021+40.5%
2020−12.6%

FTXO in the news

FTXO Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
1.91%Last 12 months
Payout per share
$0.77Last 12 months
Last payment
$0.21 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 23, 2017 $0.0075; Jun 22, 2017 $0.09; Sep 21, 2017 $0.10; Dec 21, 2017 $0.12; Mar 22, 2018 $0.09; Jun 21, 2018 $0.09; Sep 14, 2018 $0.13; Dec 18, 2018 $0.48; Mar 21, 2019 $0.10; Jun 14, 2019 $0.19; Sep 25, 2019 $0.20; Dec 13, 2019 $0.22; Mar 26, 2020 $0.12; Jun 25, 2020 $0.21; Sep 24, 2020 $0.15; Dec 24, 2020 $0.18; Mar 25, 2021 $0.06; Jun 24, 2021 $0.14; Sep 23, 2021 $0.15; Dec 23, 2021 $0.18; Mar 25, 2022 $0.13; Jun 24, 2022 $0.20; Sep 23, 2022 $0.21; Dec 23, 2022 $0.24; Mar 24, 2023 $0.14; Jun 27, 2023 $0.25; Sep 22, 2023 $0.18; Dec 22, 2023 $0.24; Mar 21, 2024 $0.11; Jun 27, 2024 $0.22; Sep 26, 2024 $0.18; Dec 13, 2024 $0.19; Mar 27, 2025 $0.12; Jun 26, 2025 $0.21; Sep 25, 2025 $0.17; Dec 12, 2025 $0.23; Mar 26, 2026 $0.07; Jun 25, 2026 $0.26; Sep 24, 2026 $0.21. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 24, 2026Sep 30, 2026$0.21
Jun 25, 2026Jun 30, 2026$0.26
Mar 26, 2026Mar 31, 2026$0.07
Dec 12, 2025Dec 31, 2025$0.23
Sep 25, 2025Sep 30, 2025$0.17
Jun 26, 2025Jun 30, 2025$0.21
Mar 27, 2025Mar 31, 2025$0.12
Dec 13, 2024Dec 31, 2024$0.19
Sep 26, 2024Sep 30, 2024$0.18
Jun 27, 2024Jun 28, 2024$0.22
Mar 21, 2024Mar 28, 2024$0.11
Dec 22, 2023Dec 26, 2023$0.24

See all 40 payments⁠

$10,000 in FTXO 10 years ago paid $3,159 in dividends.⁠

FTXO Risk

Risk pillarC46 out of 100Rank 5 of 9 in Banks
How much the fund’s monthly returns vary, scaled to a year.
21.3%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.12
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−46.6%
Trough May 2023
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.05
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FTXO Cost

Compare FTXO and PBEU

Overpaying vs PBEU, cheapest in Banks

$9,091

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FTXO 0.60%

    $11,817

  • PBEU 0.13% Cheapest

    $2,726

$10,000
30 years

Cost over time

  • FTXO 0.60%
  • PBEU 0.13%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530FTXO $11,817PBEU $2,726

Year by year

YearFTXOPBEUOverpaying
10$1,076$238$838
20$4,116$930$3,186
30$11,817$2,726$9,091

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