Business & Economy · 1 views
FNCL vs. FTXO: Which Financial Sector ETF Is the Better Buy for Investors?
^GSPC Investors weighing exposure to financial stocks often have to choose between a wide-net sector fund and a narrower, rules-based strategy.
Story Brief
^GSPC Investors weighing exposure to financial stocks often have to choose between a wide-net sector fund and a narrower, rules-based strategy. The Fidelity MSCI Financials Index ETF (NYSEMKT:FNCL) tracks a broad basket of U.S. financial firms, while the First Trust Nasdaq Bank ETF (NASDAQ:FTXO) takes a more targeted approach to bank stocks, using a liquidity- and volatility-weighted model. Beta measures price volatility relative to the S&P 500; beta is calculated from monthly returns over the available fund history (up to five years).
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