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See exactly how FTXO's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for FTXO and 80,000+ other tickers.
The First Trust Nasdaq Bank ETF is an exchange-traded fund primarily designed to largely track the performance of the Nasdaq US Smart Banks Index. Its main objective is to deliver investment results, encompassing both capital appreciation and income, that generally align with the index's returns, before accounting for the fund's own operational expenses. It accomplishes this by mirroring the underlying securities and their proportional allocations within the Nasdaq US Smart Banks Index, aiming for a performance correlation of at least 95% with that benchmark.
FTXO targets banks with concentrated holdings and higher volatility, while IYF offers broader sector exposure at lower cost.
AI infrastructure spending is fueling broader commercial loan demand, creating a potential growth opportunity for bank ETFs beyond data center financing.
If you're interested in broad exposure to the Financials - Banking segment of the equity market, look no further than the First Trust NASDAQ Bank ETF (FTXO), a passively managed exchange traded fund launched on September 20, 2016.
FTXO delivered 28.40% returns over one year with lower costs, while UYG's leveraged structure produced 7.81%.
Big banks start reporting Q2 earnings next week. Strong results could fuel a fresh rally in financial ETFs like XLF, IYG, IYF and VFH.