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Big banks start reporting Q2 earnings next week. Strong results could fuel a fresh rally in financial ETFs like XLF, IYG, IYF and VFH.
These ETF gainers of June may keep climbing in July as dovish Fed hopes, strong earnings and easing geopolitical risks support markets.
iShares U.S. Regional Banks ETF (IAT) offers a lower expense ratio and higher dividend yield than First Trust Nasdaq Bank ETF (FTXO). FTXO has delivered higher total returns and lower maximum drawdowns over the past five years.
Broad diversification and lower costs favor Vanguard, but First Trust's concentrated banking bet delivered 24% returns over the past year.
Tech capex and geopolitics have dominated the headlines this year, but opportunities emerge elsewhere. Dividend growth investing could be hitting its stride amid shifting macro and micro trends. Novel, forward-looking strategies may help asset allocators find alpha beyond traditional income approaches.
Designed to provide broad exposure to the Financials ETFs category of the market, the First Trust NASDAQ Bank ETF (FTXO) is a smart beta exchange traded fund launched on 09/20/2016.
Portfolio concentration and index strategy set these two banking ETFs apart for investors seeking sector exposure.
The State Street SPDR S&P Bank ETF offers a significantly lower expense ratio and a higher dividend yield than the First Trust Nasdaq Bank ETF. First Trust Nasdaq Bank ETF has outperformed over the trailing 12 months but maintains a more concentrated portfolio of 42 holdings.