First Trust Nasdaq Bank ETF
$39.71−0.22 (−0.56%)
- Expense ratio
- 0.60%
- Fund size
- $291M
- 1Y return
- +12.7%
- Yield · Last 12 months
- 1.82%
- Holdings
- 50
- Volume · 30D
- 0.1M sh
- NAV per share
- $40.74
- 52W range
The ETF.net FTXO Grade
Score 39 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 18Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 51Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 56Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 53Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 56Category rank
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
- 50
- 59%
- C
Sectors
- Financials100.0%
Geography
- United States98.33%
- Puerto Rico1.67%
FTXO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +6.5% |
| 1 month | −4.4% |
| 3 months | −1.9% |
| 1 year | +12.7% |
| 3 years | +27.4% |
| 5 years | +7.9% |
| 10 years | — |
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 | +6.5% | |
| 2025 | +21.3% | |
| 2024 | +29.0% | |
| 2023 | +0.0% | |
| 2022 | −18.0% | |
| 2021 | +40.5% | |
| 2020 | −12.6% |
FTXO in the news
ETF.net Research hasn’t filed on FTXO yet — coverage lands here as it’s written.
FTXO Dividends
- 1.82%
- $0.73
- $0.26 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 25, 2026 | Jun 30, 2026 | $0.26 |
| Mar 26, 2026 | Mar 31, 2026 | $0.07 |
| Dec 12, 2025 | Dec 31, 2025 | $0.23 |
| Sep 25, 2025 | Sep 30, 2025 | $0.17 |
| Jun 26, 2025 | Jun 30, 2025 | $0.21 |
| Mar 27, 2025 | Mar 31, 2025 | $0.12 |
| Dec 13, 2024 | Dec 31, 2024 | $0.19 |
| Sep 26, 2024 | Sep 30, 2024 | $0.18 |
| Jun 27, 2024 | Jun 28, 2024 | $0.22 |
| Mar 21, 2024 | Mar 28, 2024 | $0.11 |
| Dec 22, 2023 | Dec 26, 2023 | $0.24 |
| Sep 22, 2023 | Sep 29, 2023 | $0.18 |
FTXO Risk
- 21.5%
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.
- 1.03
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
- The middle half of Banks funds
- Median 0.35%
7 of the 9 Banks funds charge less.