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First Trust SMID Growth Strength ETF (FSGS) Sharpe Ratio: 0.42

ETF · Currency in USD · Last updated Jun 24, 2026

The fund aims to invest at least 80% of its net assets in securities of well-capitalized small and mid-sized companies with strong market positions, as represented in the index.

FSGS's Sharpe Ratio of 0.42 indicates that for each unit of volatility, it generates 0.42 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

FSGS Sharpe Ratio Rank

FSGS Sharpe Ratio Rank: 15.115
Concerning

FSGS ranks above 15.1% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

FSGS Sharpe Ratio Market Positioning

The chart shows FSGS's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.83 or lower
  • Yellow zone (middle 50%): 0.83 to 2.16
  • Green zone (top 25%): 2.16 or higher
  • Top 1%: 6.98+
  • Median: 1.57 — half of all investments score higher

How it compares to other similar ETFs

The table compares First Trust SMID Growth Strength ETF's Sharpe Ratio with other ETFs in the Small Cap Growth Equities category across multiple time periods, showing how FSGS's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
FYCFirst Trust Small Cap Growth AlphaDEX Fund2.64
PBWInvesco WilderHill Clean Energy ETF2.55
RZGInvesco S&P SmallCap 600® Pure Growth ETF2.16
SMMDiShares Russell 2500 ETF2.06
JPSEJPMorgan Diversified Return U.S. Small Cap Equity ETF2.05
ESMLiShares ESG Aware MSCI USA Small-Cap ETF2.03
CAFGPacer US Small Cap Cash Cows Growth Leaders ETF1.99
BKSEBNY Mellon US Small Cap Core Equity ETF1.98
DWASInvesco DWA SmallCap Momentum ETF1.89
BBMCJPMorgan BetaBuilders U.S. Mid Cap Equity ETF1.86
FSGSFirst Trust SMID Growth Strength ETF0.42

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows FSGS's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when FSGS consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does FSGS fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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