First Trust Nasdaq Bank ETF
$38.48−0.52 (−1.32%)
- 0.60%
- $248M
- +18.8%
- 1.97%
- 0.1M sh
- $38.76
- low $32.90high $44.12
The ETF.net FTXO Grade
D
Score 39 out of 100
- 7 of 9
Score 39 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.F18 out of 100Rank 8 of 9Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C51 out of 100Rank 5 of 9Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B57 out of 100Rank 4 of 9Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C53 out of 100Rank 6 of 9Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B56 out of 100Rank 5 of 9
Our read on FTXO
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.
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
- Stocks
- 51
- 59%
- C
Sectors
- Financials100.0%
Geography
- United States98.31%
- Puerto Rico1.69%
FTXO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FTXO$11,882
Returns run to the Oct 12, 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.
| Period | FTXO |
|---|---|
| Year to date | +4.6% |
| 1 month | −7.1% |
| 3 months | −6.9% |
| 1 year | +18.8% |
| 3 years | +27.0% |
| 5 years | +5.6% |
| 10 years | +9.4% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FTXO |
|---|---|---|
| 2026 YTD | +4.6% | |
| 2025 | +21.3% | |
| 2024 | +29.0% | |
| 2023 | 0.0% | |
| 2022 | −18.0% | |
| 2021 | +40.5% | |
| 2020 | −12.6% |
FTXO in the news
FTXO Dividends
- 1.97%
- $0.77
- $0.21 per share
- Quarterly
Distribution history
FTXO Risk
- 21.8%
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.
- 0.97
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.
- −46.6%
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.
- 1.05
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FTXO Cost
0.60%
FTXO0.60%
- The middle half of Banks funds
- Median 0.35%
7 of the 9 Banks funds charge less.
Other funds in Banks
- BGSIBThemes Global Systemically Important Banks ETFExpense ratio 0.35%1 year return +36.3%
- BPBEUPortfolio Building Block European Banks Index ETFExpense ratio 0.13%1 year return —
- CFDIQInvesco Bloomberg Financial Data Providers ETFExpense ratio 0.35%1 year return —
- DIATiShares U.S. Regional Banks ETFExpense ratio 0.37%1 year return +20.6%
- DQABAFirst Trust NASDAQ ABA Community Bank Index FundExpense ratio 0.63%1 year return +22.6%