AHLT vs. ESBG

Last updated Aug 2, 2026

AHLT (American Beacon AHL Trend ETF) and ESBG (First Trust Enhanced Stocks, Bonds & Gold ETF) are both exchange-traded funds - AHLT is a Systematic Trend fund actively managed by American Beacon, while ESBG is a Tactical Allocation fund actively managed by First Trust. Both are actively managed. Their 0.47 correlation means their historical movements had little consistent relationship. Both charge a 0.95% expense ratio.

Performance

AHLT vs. ESBG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Beacon AHL Trend ETF (AHLT) and First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AHLT achieves a 10.23% return, which is significantly higher than ESBG's -2.79% return.

AHLT

• 1D: 1.32%
• 1M: 1.33%
• 6M: 2.37%
• YTD: 10.23%
• 1Y: 37.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.99%

ESBG

• 1D: -0.46%
• 1M: -2.07%
• 6M: -11.15%
• YTD: -2.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AHLT American Beacon AHL Trend ETF	$1.71M	$924.06K	$2.01M
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF	$3.83K	$6.10K	$15.77K

AHLT vs. ESBG - Yearly Performance Comparison

	2026 (YTD)	2025
AHLT American Beacon AHL Trend ETF	10.23%	8.64%
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF	-2.79%	5.67%

Correlation

The correlation between AHLT and ESBG is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	0.47

Return for Risk

AHLT vs. ESBG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AHLT

AHLT Risk / Return Rank: 88
AHLT Sharpe Ratio Rank: 88
AHLT Sortino Ratio Rank: 83
AHLT Omega Ratio Rank: 86
AHLT Calmar Ratio Rank: 95
AHLT Martin Ratio Rank: 87

ESBG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AHLT vs. ESBG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon AHL Trend ETF (AHLT) and First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AHLT	ESBG	Difference
Sharpe ratio: Return per unit of total volatility	2.10	—	—
Sortino ratio: Return per unit of downside risk	2.70	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	5.40	—	—
Martin ratio: Return relative to average drawdown	12.73	—	—

Drawdowns

AHLT vs. ESBG - Drawdown Comparison

The maximum AHLT drawdown since its inception was -20.18%, which is greater than ESBG's maximum drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for AHLT and ESBG.

Drawdown Indicators

	AHLT	ESBG	Difference
Max Drawdown Largest peak-to-trough decline	-20.18%	-18.84%	-1.34%
Max Drawdown (1Y) Largest decline over 1 year	-6.63%	—	—
Current Drawdown Current decline from peak	-2.74%	-17.57%	+14.83%
Average Drawdown Average peak-to-trough decline	-9.05%	-8.52%	-0.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	—	—

Volatility

Volatility by Period

	AHLT	ESBG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.23%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.07%	25.17%	-8.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	25.17%	-7.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.22%	25.17%	-7.95%

AHLT vs. ESBG - Expense Ratio Comparison

Both AHLT and ESBG have an expense ratio of 0.95%.

Dividends

AHLT vs. ESBG - Dividend Comparison

AHLT's dividend yield for the trailing twelve months is around 1.54%, more than ESBG's 1.12% yield.

Position	TTM	2025	2024	2023
AHLT American Beacon AHL Trend ETF	1.54%	1.70%	0.00%	3.72%
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF	1.12%	0.24%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AHLT and ESBG in my portfolio?

AHLT and ESBG have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AHLT or ESBG?

Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AHLT or ESBG?

AHLT and ESBG have the same expense ratio: 0.95% per year.

Which ETF pays a higher dividend yield, AHLT or ESBG?

AHLT has the higher dividend yield at 1.54%, compared with 1.12% for ESBG.

What is the main difference between AHLT and ESBG?

AHLT is categorized as Systematic Trend, while ESBG is Tactical Allocation. They also come from different issuers: American Beacon and First Trust.