March arabica coffee (KCH26) today is down -1.35 (-0.46%), and March ICE robusta coffee (RMH26) is -15 (-0.40%). Coffee prices are sliding today, with robusta coffee falling to a 6-month low. Coffee prices have been under pressure over the past 2 weeks, with arabica coffee falling to a 6-month low on Monday amid signs of a bumper Brazilian coffee crop. Conab, Brazil's crop forecasting agency, said...
March arabica coffee (KCH26) today is down -1.35 (-0.46%), and March ICE robusta coffee (RMH26) is -15 (-0.40%). Coffee prices are sliding today, with robusta coffee falling to a 6-month low. Coffee prices have been under pressure over the past 2 weeks, with arabica coffee falling to a 6-month low on Monday amid signs of a bumper Brazilian coffee crop. Conab, Brazil's crop forecasting agency, said last Thursday that Brazil's 2026 coffee production will climb +17.2% y/y to a record 66.2 million bags, with arabica production up +23.2% y/y to 44.1 million bags and robusta production up +6.3% y/y to 22.1 million bags. Don’t Miss a Day: Also, sufficient rain in Brazil has improved the outlook for the country's coffee crop. On Monday, arabica fell to a 6-month low as concerns over dry conditions in Brazil eased when Somar Meteorologia reported that Brazil's largest arabica coffee-growing area, Minas Gerais, received 72.6 mm of rain during the week ended February 6, or 113% of the historical average. Soaring coffee exports from Vietnam, the world's largest robusta producer, are bearish for robusta prices. Vietnam's National Statistics Office reported Friday that Vietnam's Jan coffee exports surged +38.3% y/y to 198,000 MT. Vietnam's 2025 coffee exports jumped by +17.5% y/y to 1.58 MMT. Increased Vietnamese coffee supplies are negative for robusta prices. Vietnam's 2025/26 coffee production is projected to climb +6% y/y to 1.76 MMT, or 29.4 million bags, a 4-year high. The recovery in ICE coffee inventories is negative for prices. ICE-monitored arabica inventories fell to a 1.75-year low of 396,513 bags on November 18, but recovered to a 3.25-month high of 461,829 bags on January 7. Also, ICE robusta coffee inventories fell to a 13-month low of 4,012 lots on December 10 but recovered to a 2-month high of 4,662 lots on January 26. On the positive side for coffee, Brazil's Trade Ministry reported last Thursday that Brazil's Jan coffee exports fell -42.4% y/y to 141,000 MT. Sm...
March WTI crude oil (CLH26) today is up +1.28 (+2.00%), and March RBOB gasoline (RBH26) is up +0.0331 (+1.691%). Crude oil and gasoline prices are moving higher today, with crude posting a 1.5-week high and gasoline posting a 2.75-month high. Escalating US-Iran tensions are underpinning crude prices today after the Wall Street Journal said the US is considering seizing tankers with Iranian crude, ...
March WTI crude oil (CLH26) today is up +1.28 (+2.00%), and March RBOB gasoline (RBH26) is up +0.0331 (+1.691%). Crude oil and gasoline prices are moving higher today, with crude posting a 1.5-week high and gasoline posting a 2.75-month high. Escalating US-Iran tensions are underpinning crude prices today after the Wall Street Journal said the US is considering seizing tankers with Iranian crude, and Axios reported that the US could send a second aircraft carrier strike group to the Middle East should nuclear talks with Iran fail. Crude prices fell from their best levels after weekly EIA crude and gasoline inventories rose more than expected. Don’t Miss a Day: Escalation of geopolitical risk in the Middle East has added a risk premium to crude oil, supporting prices. The Wall Street Journal said today that the US has discussed seizing tankers carrying Iranian oil. Also, Axios reported today that the US is considering sending a second aircraft carrier strike group to the Middle East to prepare for military action should nuclear talks with Iran fail. The US Department of Transportation on Monday issued a maritime advisory stating that American-flagged ships should stay as far as possible from Iranian waters when navigating the Strait of Hormuz. Iran is OPEC's fourth-largest producer, and a US attack on the country could disrupt its 3.3 million bpd of crude production and potentially close the Strait of Hormuz, through which about 20% of the world's oil passes. Today's monthly US jobs report was stronger than expected and supportive for energy demand and crude prices. Jan nonfarm payrolls rose +130,000, stronger than expectations of +65,000 and the most in 13 months. Also, the Jan unemployment rate unexpectedly fell -0.1 to 4.3%, showing a stronger labor market than expectations of no change at 4.4%. An increase in crude exports from Venezuela is also boosting global oil supplies and is bearish for prices. Reuters reported last Monday that Venezuelan crude exports rose...
灣仔站事故|議員指港鐵系統老化 倡長假期提早收車維修 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】港鐵港島綫部份路段周三早上一度停駛至少一小時,立法會議員陳恒鑌認為港鐵系統開始老化,需要更多維修工作,建議港鐵在...
灣仔站事故|議員指港鐵系統老化 倡長假期提早收車維修 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】港鐵港島綫部份路段周三早上一度停駛至少一小時,立法會議員陳恒鑌認為港鐵系統開始老化,需要更多維修工作,建議港鐵在人流較少時提早收車維修。 立法會交通事務委員會主席陳恒鑌:「這類工程工作好趕急,因為在收車之後做,實質上收車後開始準備到開始,中間只有兩、三個小時真的可以工作。港鐵整個系統開始進入老化,我認為港鐵可考慮與公眾一同想想如何保養自己的系統,例如在長假期或人流較稀疏時,提早一點讓多些工程隊工作,大家不用太趕急,亦令系統保持得到。」
The company's CEO might be a bit too optimistic. In 2007, Apple launched the first iPhone, a device that eventually became the model for other smartphones. The iPhone wasn't the first smartphone, but it completely changed the industry and made Apple immensely successful. It remains its largest source of sales to this day. Meta Platforms (META 0.24%) is trying to pull off something similar. The com...
The company's CEO might be a bit too optimistic. In 2007, Apple launched the first iPhone, a device that eventually became the model for other smartphones. The iPhone wasn't the first smartphone, but it completely changed the industry and made Apple immensely successful. It remains its largest source of sales to this day. Meta Platforms (META 0.24%) is trying to pull off something similar. The company believes it has identified how most people will interact with artificial intelligence (AI) in their day-to-day lives within a few years. And if Meta Platforms can lead this revolution, it could pay rich dividends to the tech leader down the road. Are AI glasses the future? Zuckerberg thinks so. By now, everyone is familiar with AI chatbots. Although they are very useful, they are limited in that they only respond to questions and requests that users explicitly ask. AI glasses could be upgraded versions of chatbots. AI glasses are equipped with cameras and microphones, which, in a sense, make them AI chatbots with eyes and ears. They can interact with the world around those wearing them in real time, anticipate needs and requests, and, of course, still respond to questions and requests via voice commands. These added perks make AI glasses the "ideal form factor for AI," as Meta Platforms' CEO, Mark Zuckerberg, once argued. And anyone who doesn't have them will be at a severe disadvantage in a few years, or at least, that's what Zuckerberg thinks. During the company's recent fourth quarter earnings conference call, he said the following regarding where AI glasses are right now and where we could be heading in the near future: I think that we're at a moment similar to when smartphones arrived, and it was clearly only a matter of time until all those flip phones became smartphones. It's hard to imagine a world in several years where most glasses that people wear aren't AI glasses. Expand NASDAQ : META Meta Platforms Today's Change ( -0.24 %) $ -1.63 Current Price $ 669.09 ...
Earnings Call Insights: Unity Software Inc. (U) Q4 2025 Management View CEO Matthew Bromberg highlighted that "our fourth quarter results once again comfortably exceeded the high end of our guidance, led by exceptional performance from Vector, which experienced its third consecutive quarter of mid-teens sequential revenue growth." He noted Vector revenue grew 53% since launch and January was "72% ...
Earnings Call Insights: Unity Software Inc. (U) Q4 2025 Management View CEO Matthew Bromberg highlighted that "our fourth quarter results once again comfortably exceeded the high end of our guidance, led by exceptional performance from Vector, which experienced its third consecutive quarter of mid-teens sequential revenue growth." He noted Vector revenue grew 53% since launch and January was "72% larger than January of last year." Bromberg projected that "by the end of 2026, we expect the quarterly revenue run rate for Vector to be comfortably more than $1 billion a year." Bromberg stated the decline in the IronSource Ad Network "has at times masked this incredible growth in Vector" but will soon represent less than 6% of total Unity revenue and become even smaller over time, marking a "shift in quality" toward AI platform revenue. The CEO reported Unity 6 is "being adopted more quickly than any version in our history," and called out nearly 50% year-over-year growth in China for the Create business, citing Unity's interoperability with local platforms as a key driver. Bromberg detailed upcoming 2026 strategic shifts: expanding browser-based authoring and collaboration, launching AI-driven creation tools to prompt full games from natural language, and rolling out a new in-app purchase commerce offering. CFO Jarrod Yahes stated, "Unity had exceptional momentum in the fourth quarter, which translated into the fastest growth and the highest margin we've experienced in the past 2 years." Yahes reported "Grow revenue in the fourth quarter was $338 million, up 6% sequentially and up 11% year-over-year," with Vector making up 56% of Grow revenue. "Adjusted EBITDA for the quarter was solidly above our expectations at $125 million, representing 25% margins, an improvement of 200 basis points, both year-over-year and sequentially." Outlook Yahes provided first quarter 2026 guidance of total revenues between $480 million and $490 million and adjusted EBITDA of $105 million to ...
Earnings Call Insights: Shopify Inc. (SHOP) Q4 2025 Management View President Harley Finkelstein stated that "Q4 delivered the highest quarterly revenue in Shopify's history and saw huge names from across all industries join the platform from General Motors to Sonos to L'Oreal to the Benetton Group to Keurig Dr. Pepper, to Amer Sports, who owns incredible brands like Wilson, Salomon and Peak Perfo...
Earnings Call Insights: Shopify Inc. (SHOP) Q4 2025 Management View President Harley Finkelstein stated that "Q4 delivered the highest quarterly revenue in Shopify's history and saw huge names from across all industries join the platform from General Motors to Sonos to L'Oreal to the Benetton Group to Keurig Dr. Pepper, to Amer Sports, who owns incredible brands like Wilson, Salomon and Peak Performance, all moving to Shopify." He emphasized that "2025 marked an inflection point" and highlighted the company's position at the forefront of AI-driven commerce, noting the launch of the Universal Commerce Protocol (UCP) co-developed with Google and additional integrations to allow merchants to sell on every major AI platform. Finkelstein also revealed that Shopify's free cash flow exceeded $2 billion in 2025 and described the year as one of "durable growth, faster product shipping and disciplined cash generation." He reported that "GMV was up 29%, hitting $378 billion and revenue topped $11.5 billion, up 30%, accelerating from 2024's growth of 26%." He identified AI as the next major driver of Shopify's strategy, saying "the AI era has now reached commerce, and you're about to see what that looks like at scale." Shopify announced the UCP as "the common rails Agentic commerce runs on" and noted its adoption by leading retailers. Finkelstein pointed to a surge in AI-driven orders, stating "since January 2025, orders coming to Shopify stores from AI search are up 15x." CFO Jeff Hoffmeister said, "Q4 GMV was $124 billion, marking our first quarter with GMV over $100 billion, representing growth of 31% or 29% on a constant currency basis." Hoffmeister added, "Q4 revenue was up 31% or 29% on a constant currency basis. Full year 2025 revenue was up 30% to $11.6 billion, marking the highest annual growth rate that we've achieved since the COVID-driven results of 2021." Outlook Hoffmeister guided, "We expect Q1 revenue growth in the low 30s year-over-year, similar to our Q4 2025 ...
Earnings Call Insights: Humana Inc. (HUM) Q4 2025 Management View James Rechtin, President and CEO, highlighted a "solid 2025 performance" and emphasized the company's "consumer-centric strategy" and the need to "deliver a stable and compelling margin that requires regularly adapting to our funding environment." He announced, "We grew by approximately 1 million members or 20% in AEP," and describe...
Earnings Call Insights: Humana Inc. (HUM) Q4 2025 Management View James Rechtin, President and CEO, highlighted a "solid 2025 performance" and emphasized the company's "consumer-centric strategy" and the need to "deliver a stable and compelling margin that requires regularly adapting to our funding environment." He announced, "We grew by approximately 1 million members or 20% in AEP," and described an over 500 basis point improvement in retention rate year-over-year. Rechtin added, "Over 70% of our new sales were switchers from competitor plans," and noted that "we did not have a high percentage of members impacted by competitor plan exits. We absorbed approximately 12% of these members." Looking ahead, he said, "When we look at full year 2026, we do anticipate individual MA membership growth of approximately 25%." Rechtin confirmed, "We expect our new members to be accretive to the enterprise in 2026," and expects "a doubling of individual MA margin year-over-year," when normalized for Stars. He also announced the appointment of Aaron Martin as President of Medicare Advantage, who will become President of Insurance upon George Renaudin's retirement. Celeste Mellet, Chief Financial Officer, stated, "We reported adjusted EPS of $17.14 in line with expectations and above our initial guidance of approximately $16.25 while electing to make higher than initially planned investments to accelerate our transformation and position us well for the future." Mellet continued, "We expect full year adjusted EPS of at least $9 with the anticipated year-over-year decline driven by the previously communicated Bonus Year 2026 Stars headwind net of mitigation." She reported, "The net Stars headwind for 2026, including individual and group MA is approximately $3.5 billion." Outlook Management expects "full year adjusted EPS of at least $9" for 2026. Mellet explained, "The level of conservatism in our initial guide is higher than typical to account for the dynamic environment." The comp...
Earnings Call Insights: NNN REIT, Inc. (NNN) Q4 2025 Management View CEO Stephen Horn stated that NNN REIT generated 2.7% growth in AFFO per share and completed over $900 million of acquisitions for the year, describing it as the highest annual volume in the company’s history. Horn emphasized the company’s "36th consecutive annual dividend increase" and highlighted a "highly flexible balance sheet...
Earnings Call Insights: NNN REIT, Inc. (NNN) Q4 2025 Management View CEO Stephen Horn stated that NNN REIT generated 2.7% growth in AFFO per share and completed over $900 million of acquisitions for the year, describing it as the highest annual volume in the company’s history. Horn emphasized the company’s "36th consecutive annual dividend increase" and highlighted a "highly flexible balance sheet, including a 10.8-year weighted average debt maturity... No encumbered assets and $1.2 billion of total available liquidity." Horn also said, "We completed the executive team positioning, and also, we continued performance on the acquisition platform alongside proactive portfolio management." Horn noted, "Our occupancy is up 80 basis points from last quarter to 98.3%, which is in line with our long-term average... The increase in occupancy was a direct result of our Asset Management team and Leasing Department executing at a high level, addressing the elevated vacant assets from the end of the third quarter." CFO Vincent Chao reported, "This morning, we reported core FFO and AFFO of $0.87 per share, each up 6.1% year-over-year. For the full year, core FFO per share was $3.41 and AFFO per share was $3.44, each up 2.7% versus 2024." Chao added, "Annualized base rent was $928 million at the end of the quarter, an increase of close to 8% year-over-year compared to a 7% increase last quarter, driven by our strong acquisition activity throughout the year." Outlook Chao announced, "We are establishing an AFFO per share guidance range of $3.52 to $3.58 and core FFO per share guidance of $3.47 to $3.53. The midpoint of our AFFO range represents 3.2% year-over-year growth in 2026, accelerating from 2.7% growth in 2025." Chao explained, "Specifically at the midpoint, our outlook embeds $600 million of acquisitions, which is funded primarily with $130 million of dispositions, expected free cash flow of about $210 million and a leverage-neutral amount of incremental debt financing." He...
Liliia Bila/iStock via Getty Images It has been a long time since I last wrote about Freshpet, Inc. ( FRPT ), a rather interesting company that plays in the animal food space. My last article about the company was published in September 2022. Leading up to that point, I had been bearish about the business. The firm was growing rapidly on the top line. But bottom-line results were worsening, and th...
Liliia Bila/iStock via Getty Images It has been a long time since I last wrote about Freshpet, Inc. ( FRPT ), a rather interesting company that plays in the animal food space. My last article about the company was published in September 2022. Leading up to that point, I had been bearish about the business. The firm was growing rapidly on the top line. But bottom-line results were worsening, and the stock looked meaningfully overpriced. I ended up reaffirming the business as a "Sell" candidate because of this. Since then, the stock has risen by 76.4%. At first glance, that may seem as though my call was a failure. But just because I think a company is expensive does not mean that the stock has to fall. Indeed, back then, I did say that the stock had not fallen enough. But keep in mind that whenever I rate a company a "Sell," my typical expectation is that shares will underperform the market for the foreseeable future. And underperforming shares did. Over the same period, the S&P 500 is up 81.6%. That's not a huge disparity, and some might even call it negligible. However, since I originally called the company a "Sell" back in February 2022, the stock is still down 27.7%. The market, meanwhile, has shot up 52.7%. I do not want you to think that I am some permabear that will be bearish about the company no matter what. In fact, I am encouraged by the results that we have seen as of late. Revenue, profits, and cash flows are all rising materially. And I would even go so far as to say that while the company is still pricey compared to some other similar firms, it is now trading at a level that I consider to be reasonable. Because of this, I am upgrading it to a very soft "Hold." As always, I am willing to adjust my assessment as new data warrants. The good news for investors is that new data will soon be coming out. In fact, before the market opens on Feb. 23, management will be announcing financial results for the final quarter of the company's 2025 fiscal year. Revenue...
Social Security can play a critical role in your retirement budget. Sixty percent of retirees said Social Security is a major source of their income in the most recent iteration of an annual Gallup poll. Another 28% said it was at least a minor source. Either way, you'll want to make the most of your Social Security benefits if you can. But one thing that can trip up a lot of retirees is not prope...
Social Security can play a critical role in your retirement budget. Sixty percent of retirees said Social Security is a major source of their income in the most recent iteration of an annual Gallup poll. Another 28% said it was at least a minor source. Either way, you'll want to make the most of your Social Security benefits if you can. But one thing that can trip up a lot of retirees is not properly planning ahead. Getting your finances in order before you claim Social Security is essential if you want to get the most out of the government program. And planning goes well beyond deciding what age to apply for benefits. There's a big thing you need to consider before you claim benefits. How the government taxes Social Security To determine income taxes on Social Security, the IRS uses a special metric called combined income to calculate the portion of your benefits, if any, that are taxable income in any given year. Combined income is equal to half your Social Security benefits, plus your adjusted gross income, plus any non-taxable interest income. If your combined income exceeds a certain threshold, a portion of your Social Security benefits becomes taxable up to 85%. Here are the thresholds: Percentage Taxable Individual Filer Joint Filer 0% Less than $25,00 Less than $32,00 Up to 50% $25,000 to $34,000 $32,000 to $44,000 Up to 85% More than $34,000 More than $44,000 You may notice those thresholds are extremely low. That's because they haven't been updated for inflation in over 30 years, and there's no plan to update them in the future. As a result, taxes on Social Security benefits are becoming harder and harder to avoid. It's important to note that withdrawals from traditional IRAs, 401(k)s, and other pre-tax retirement accounts will count toward your combined income. So will capital gains on the sale of investments, even if they're subject to the 0% federal income tax rate on long-term gains. However, withdrawals from a Roth account will not count toward your c...
Lindsey Vonn says she is "making progress" after having a successful third surgery on the broken leg she sustained in a crash at the Winter Olympics on Sunday. The American great was racing just nine days after rupturing ligaments in her left knee when she struck a gate 13 seconds into her downhill run in Cortina. She was airlifted off the piste and taken to hospital in Treviso, where she was diag...
Lindsey Vonn says she is "making progress" after having a successful third surgery on the broken leg she sustained in a crash at the Winter Olympics on Sunday. The American great was racing just nine days after rupturing ligaments in her left knee when she struck a gate 13 seconds into her downhill run in Cortina. She was airlifted off the piste and taken to hospital in Treviso, where she was diagnosed with a "complex tibia fracture" in her left leg. "I had my third surgery today and it was successful," she wrote in a post on Instagram., external "Success today has a completely different meaning than it did a few days ago. I'm making progress and while it is slow, I know I'll be OK. "Thankful for all of the incredible medical staff, friends, family, who have been by my side and the beautiful outpouring of love and support from people around the world. "Also, huge congrats to my team-mates and all of the Team USA athletes who are out there inspiring me and giving me something to cheer for." Vonn was the Olympic downhill champion in 2010 and had been hoping for a fairytale ending to her illustrious career. She retired from the sport in 2019 as the most decorated female skier at the time, having suffered several serious leg injuries. After having a partial right knee replacement, she announced her shock return to the sport in 2024. Since then, she had achieved eight podium finishes on the World Cup circuit, including two golds, and had been tipped to win a medal at her fifth and final Olympics. But despite suffering the ACL injury in Switzerland in the last World Cup race before the Games, she was determined to take to the course in Cortina where she had enjoyed so much success. On Monday, she said she had "no regrets", adding: "I dared to dream and had worked so hard to achieve it."
HJBC/iStock Editorial via Getty Images TotalEnergies ( TTE ) +3.3% in Wednesday's trading after saying it will cut its quarterly stock buybacks in half to $750M, aiming to keep debt in check as it adjusts to lower oil prices. TotalEnergies ( TTE ) left its quarterly dividend unchanged at €0.85/share but said it expects to announce an increase by the end of April. Q4 adjusted net income fell 13% Y/...
HJBC/iStock Editorial via Getty Images TotalEnergies ( TTE ) +3.3% in Wednesday's trading after saying it will cut its quarterly stock buybacks in half to $750M, aiming to keep debt in check as it adjusts to lower oil prices. TotalEnergies ( TTE ) left its quarterly dividend unchanged at €0.85/share but said it expects to announce an increase by the end of April. Q4 adjusted net income fell 13% Y/Y to $3.84B, in line with the average analyst estimate of $3.81B, and the company's gearing - the ratio of net debt to equity - increased to 14.7% at the end of 2025, excluding leases, from 8.3% the previous year; CEO Patrick Pouyanne said the company aims to keep the ratio at ~15%. Q4 adjusted earnings in the upstream unit fell 17% Q/Q to $1.81B, as earnings in integrated liquefied natural gas were helped by the restart of the Ichthys plant in Australia, which offset a 5% decline in prices; the downstream unit reported a 26% jump in adjusted earnings to $1.3B on a 30%-plus increase in European refining margins. Q4 oil and gas production rose nearly 5% Y/Y to 2.545M boe/day, and TotalEnergies ( TTE ) said it sees upstream production growing by ~3%, helped by the startup of projects in Brazil, Iraq, Qatar, Algeria, and Uganda; oil and gas output should exceed 2.6M boe/day in Q1. Electricity production should rise by ~ 25% in 2026 to more than 60 TWh , aided by the completion of the deal to buy 50% of a portfolio of electricity assets owned by Energeticky a Prumyslovy Holding. TotalEnergies ( TTE ) also said it will target $12.5B in savings during the 2026-30 period, including $2.5B this year, after saying in September that the program would deliver $7.5B in savings over the same time frame. TotalEnergies ( TTE ) has taken a cautious approach to its buyback policy, RBC Capital analyst Biraj Borkhataria said in a note, as the company based its Q1 $750M buyback on oil priced at $60/bbl, but based on prevailing prices, there is upside over the year, they say. Overall, TotalEnerg...
Key Points RSPS charges a lower expense ratio and has gathered more assets under management than FTXG. FTXG offers a slightly higher dividend yield but has lagged RSPS on one-year and five-year returns. FTXG includes a small allocation to basic materials and industrials, while RSPS is strictly consumer staples. 10 stocks we like better than First Trust Exchange-Traded Fund VI - First Trust Nasdaq ...
Key Points RSPS charges a lower expense ratio and has gathered more assets under management than FTXG. FTXG offers a slightly higher dividend yield but has lagged RSPS on one-year and five-year returns. FTXG includes a small allocation to basic materials and industrials, while RSPS is strictly consumer staples. 10 stocks we like better than First Trust Exchange-Traded Fund VI - First Trust Nasdaq Food & Beverage ETF › The Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEMKT:RSPS) and the First Trust Nasdaq Food & Beverage ETF(NASDAQ:FTXG) differ most in cost, portfolio focus, and recent performance -- with RSPS charging lower fees, maintaining a tighter sector tilt, and outpacing FTXG over the past year. Both RSPS and FTXG target the U.S. consumer staples space, but with distinct approaches. RSPS takes an equal-weighted slice of the S&P 500’s consumer staples sector, while FTXG tracks a smart-beta index focused on food and beverage companies, allowing for a bit more sector variety. Here’s how the two ETFs stack up for investors considering a focused consumer defensive allocation. Snapshot (cost & size) Metric RSPS FTXG Issuer Invesco First Trust Expense ratio 0.40% 0.60% 1-yr return (as of 2026-02-10) 14.5% 9.5% Dividend yield 2.63% 2.75% AUM $249.67 million $17.9 million Beta measures price volatility relative to the S&P 500; beta is calculated from five-year weekly returns. The 1-year return represents total return over the trailing 12 months. RSPS is more affordable with a 0.40% expense ratio, compared to FTXG’s 0.60%. FTXG edges out RSPS on dividend yield, but the difference is marginal for income-focused investors. Meanwhile, both funds have below-market betas, with RSPS at 0.61 and FTXG at 0.52. Performance & risk comparison Metric RSPS FTXG Max drawdown (5 year) -18.60% -21.71% Growth of $1,000 over 5 years $1,215 $1,047 What's inside FTXG seeks to mirror the Nasdaq U.S. Smart Food & Beverage Index, resulting in a portfolio that is 91% consumer defensiv...