FTXO - ETF AI Analysis
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First Trust Nasdaq Bank ETF (FTXO)
Rating:74Outperform
Price Target:―
Positive Factors
Strong Overall Performance
The ETF has shown strong gains so far this year and in recent months, indicating solid momentum in its bank holdings.
Leading Bank Stocks in Top Positions
Many of the largest holdings, including major U.S. banks, have delivered strong year-to-date results, helping support the fund’s returns.
Focused Exposure to U.S. Financials
The fund’s near-total focus on U.S. financial companies gives investors targeted exposure to the American banking sector.
Negative Factors
High Sector Concentration
Almost all assets are in the financial sector, so the ETF is heavily exposed to downturns in banks and related businesses.
Limited Geographic Diversification
With nearly all holdings in U.S. companies, the fund offers little protection if the U.S. market or economy weakens.
Above-Average Expense Ratio
The ETF’s fee is relatively high for a passive fund, which can slightly reduce the net returns investors receive over time.
FTXO vs. SPDR S&P 500 ETF (SPY)
AUM315.76M
RegionNorth America
Expense Ratio0.60%
Beta1.05
IssuerFirst Trust
Inception DateSep 20, 2016
Dividend Yield1.67%
Asset ClassEquity
Index TrackedNASDAQ US Banks Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume78,485
30 Day Avg. Volume92,867
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
46.89Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering50
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FTXO Summary
FTXO is the First Trust Nasdaq Bank ETF, which follows the NASDAQ US Banks Index and focuses on U.S. banks. It holds major names like Bank of America and JPMorgan Chase, along with a mix of other large and mid-sized banks. Investors might consider FTXO if they want simple, one-stop exposure to the banking sector and believe banks can grow as the economy and interest rates change. However, this ETF is heavily concentrated in financial stocks, so its value can rise or fall sharply with changes in the banking industry and overall market conditions.
How much will it cost me?The First Trust Nasdaq Bank ETF (FTXO) has an expense ratio of 0.6%, meaning you’ll pay $6 per year for every $1,000 invested. This is higher than average because it is a specialized, sector-focused ETF that requires active management to select and monitor bank stocks. Sector ETFs often have higher costs compared to broad, passively managed funds.
What would affect this ETF?The First Trust Nasdaq Bank ETF (FTXO) could benefit from rising interest rates, which typically boost bank profits by increasing the spread between lending and borrowing rates. Additionally, economic growth and advancements in financial technology may drive opportunities for the banking sector. However, challenges such as stricter banking regulations, economic slowdowns, or declining loan demand could negatively impact the ETF's performance, given its heavy reliance on U.S. banks like Wells Fargo, Citigroup, and Bank of America.
FTXO Top 10 Holdings
FTXO is essentially a bet on big U.S. banks, with heavyweights like JPMorgan and Bank of America doing most of the heavy lifting as their shares have been rising steadily this year. Regional leaders such as PNC, US Bancorp, M&T Bank, and Citizens Financial are also in an upswing, giving the fund an extra boost. On the flip side, Wells Fargo has been losing steam, acting as a mild drag. With nearly all exposure in U.S. financials, this ETF is tightly focused on the banking story at home.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Bank of America | 8.74% | $27.57M | $441.73B | 38.34% | 72 Outperform | |
| Citigroup | 8.37% | $26.40M | $226.45B | 46.48% | 68 Neutral | |
| JPMorgan Chase | 8.17% | $25.77M | $950.35B | 24.25% | 72 Outperform | |
| Wells Fargo | 7.33% | $23.11M | $263.84B | 12.80% | 80 Outperform | |
| Truist Financial | 7.17% | $22.62M | $63.95B | 21.08% | 70 Outperform | |
| PNC Financial | 4.04% | $12.75M | $100.76B | 33.54% | 71 Outperform | |
| US Bancorp | 4.01% | $12.63M | $99.62B | 44.05% | 76 Outperform | |
| Citizens Financial | 3.96% | $12.49M | $30.61B | 54.85% | 75 Outperform | |
| M&T Bank | 3.95% | $12.45M | $36.17B | 34.65% | 76 Outperform | |
| First Citizens BancShares | 3.33% | $10.49M | $25.34B | 20.79% | 73 Outperform |
FTXO Technical Analysis
Positive
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Price Trends
41.57
Positive
39.57
Positive
38.19
Positive
Market Momentum
0.49
Negative
64.39
Neutral
73.62
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FTXO, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 42.69, equal to the 50-day MA of 41.57, and equal to the 200-day MA of 38.19, indicating a bullish trend. The MACD of 0.49 indicates Negative momentum. The RSI at 64.39 is Neutral, neither overbought nor oversold. The STOCH value of 73.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FTXO.
FTXO Peer Comparison
Comparison Results
Performance Comparison
FTXO
First Trust Nasdaq Bank ETF
43.62
10.02
29.82%
KIE
SPDR S&P Insurance ETF
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IAT
iShares U.S. Regional Banks ETF
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IAK
iShares U.S. Insurance ETF
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REM
iShares Mortgage Real Estate ETF
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KCE
SPDR S&P Capital Markets ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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