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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 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.
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.