First Trust SMID Growth Strength ETF (FSGS) Sharpe Ratio: 0.34

FSGS's Sharpe Ratio of 0.34 indicates that for each unit of volatility, it generates 0.34 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Apr 1, 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.

FSGS Sharpe Ratio Rank

Below Average

FSGS ranks above 21.0% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. 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

Returns may not adequately compensate for volatility taken
Consider smaller allocation given below-average risk-adjusted profile
Explore higher-ranked investments with better consistency
Assess whether the volatility profile aligns with your portfolio goals

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%): 0.47 or lower
Yellow zone (middle 50%): 0.47 to 1.40
Green zone (top 25%): 1.40 or higher
Top 1%: 5.67+
Median: 0.94 — 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 Apr 1, 2026.

Symbol	Name	1Y Sharpe Ratio
PBW	Invesco WilderHill Clean Energy ETF	2.41
FYC	First Trust Small Cap Growth AlphaDEX Fund	1.69
MMSC	First Trust Multi-Manager Small Cap Opportunities ETF	1.16
SCHA	Schwab U.S. Small-Cap ETF	1.13
JPSE	JPMorgan Diversified Return U.S. Small Cap Equity ETF	1.11
RFG	Invesco S&P MidCap 400® Pure Growth ETF	1.10
ESML	iShares ESG Aware MSCI USA Small-Cap ETF	1.08
SMMD	iShares Russell 2500 ETF	1.08
DWAS	Invesco DWA SmallCap Momentum ETF	1.05
BKSE	BNY Mellon US Small Cap Core Equity ETF	1.05
FSGS	First Trust SMID Growth Strength ETF	0.34

Benchmark Against

Benchmark

S&P 500 Index

Lookback Period

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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Explore FSGS risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

FSGS Sortino Ratio