ANEW vs. FTCS

Last updated Jun 3, 2026

ANEW (ProShares MSCI Transformational Changes ETF) and FTCS (First Trust Capital Strength ETF) are both exchange-traded funds - ANEW is a Large Cap Growth Equities fund tracking the MSCI Global Transformational Changes Index, while FTCS is a Large Cap Blend Equities fund tracking the The Capital Strength Index. Both are passively managed. Over the past 5 years, ANEW returned 4.17%/yr vs 5.51%/yr for FTCS. A 0.65 correlation means they provide meaningful diversification when combined. ANEW charges 0.45%/yr vs 0.53%/yr for FTCS.

Performance

ANEW vs. FTCS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares MSCI Transformational Changes ETF (ANEW) and First Trust Capital Strength ETF (FTCS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ANEW achieves a 2.41% return, which is significantly higher than FTCS's 0.03% return.

ANEW

• 1D: -0.12%
• 1M: 5.53%
• YTD: 2.41%
• 6M: 1.60%
• 1Y: 6.93%
• 3Y*: 13.87%
• 5Y*: 4.17%
• 10Y*: —

FTCS

• 1D: -0.50%
• 1M: -1.29%
• YTD: 0.03%
• 6M: 0.88%
• 1Y: 2.69%
• 3Y*: 9.49%
• 5Y*: 5.51%
• 10Y*: 10.16%

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

ANEW vs. FTCS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ANEW ProShares MSCI Transformational Changes ETF	2.41%	12.01%	19.37%	22.81%	-29.62%	6.95%	5.77%
FTCS First Trust Capital Strength ETF	0.03%	6.46%	11.19%	8.48%	-10.22%	26.75%	3.99%

Correlation

The correlation between ANEW and FTCS is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Oct 19, 2020	0.65

The correlation between ANEW and FTCS shifts across timeframes, from 0.55 (1 year) to 0.67 (5 years), reflecting how their relationship changes across market environments.

ANEW vs. FTCS - Sectors Allocation Comparison

Sectors	ANEW	FTCS
Healthcare	23.3%	19.1%
Technology	22.6%	12.3%
Communication Services	16.0%	2.3%
Basic Materials	11.6%	2.1%
Consumer Cyclical	11.2%	7.7%
Industrials	7.0%	19.6%
Consumer Defensive	4.6%	14.3%
Financial Services	3.6%	20.4%
Real Estate	0.2%	-
Energy	-	2.2%
Utilities	-	-

Return for Risk

ANEW vs. FTCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ANEW

ANEW Risk / Return Rank: 16
ANEW Sharpe Ratio Rank: 17
ANEW Sortino Ratio Rank: 17
ANEW Omega Ratio Rank: 17
ANEW Calmar Ratio Rank: 14
ANEW Martin Ratio Rank: 15

FTCS

FTCS Risk / Return Rank: 12
FTCS Sharpe Ratio Rank: 13
FTCS Sortino Ratio Rank: 12
FTCS Omega Ratio Rank: 11
FTCS Calmar Ratio Rank: 12
FTCS Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ANEW vs. FTCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI Transformational Changes ETF (ANEW) and First Trust Capital Strength ETF (FTCS). 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.

	ANEW	FTCS	Difference
Sharpe ratio Return per unit of total volatility	0.53	0.27	+0.25
Sortino ratio Return per unit of downside risk	0.82	0.47	+0.35
Omega ratio Gain probability vs. loss probability	1.10	1.05	+0.05
Calmar ratio Return relative to maximum drawdown	0.47	0.35	+0.13
Martin ratio Return relative to average drawdown	1.36	0.87	+0.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ANEW vs. FTCS - Sharpe Ratio Comparison

The current ANEW Sharpe Ratio is 0.53, which is higher than the FTCS Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of ANEW and FTCS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ANEW	FTCS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.53	0.27	+0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.42	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.50	-0.22

Drawdowns

ANEW vs. FTCS - Drawdown Comparison

The maximum ANEW drawdown since its inception was -39.87%, smaller than the maximum FTCS drawdown of -53.64%. Use the drawdown chart below to compare losses from any high point for ANEW and FTCS.

Drawdown Indicators

	ANEW	FTCS	Difference
Max Drawdown Largest peak-to-trough decline	-39.87%	-53.64%	+13.77%
Max Drawdown (1Y) Largest decline over 1 year	-16.12%	-7.74%	-8.38%
Max Drawdown (3Y) Largest decline over 3 years	-20.26%	-12.62%	-7.64%
Max Drawdown (5Y) Largest decline over 5 years	-39.87%	-20.93%	-18.94%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.93%	—
Current Drawdown Current decline from peak	-2.58%	-6.94%	+4.36%
Average Drawdown Average peak-to-trough decline	-13.38%	-6.92%	-6.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.62%	3.10%	+2.52%

Volatility

ANEW vs. FTCS - Volatility Comparison

ProShares MSCI Transformational Changes ETF (ANEW) has a higher volatility of 3.00% compared to First Trust Capital Strength ETF (FTCS) at 2.68%. This indicates that ANEW's price experiences larger fluctuations and is considered to be riskier than FTCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANEW	FTCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	2.68%	+0.32%
Volatility (6M) Calculated over the trailing 6-month period	9.83%	7.02%	+2.81%
Volatility (1Y) Calculated over the trailing 1-year period	13.19%	9.82%	+3.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.81%	13.13%	+5.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.80%	15.54%	+3.26%

ANEW vs. FTCS - Expense Ratio Comparison

ANEW has a 0.45% expense ratio, which is lower than FTCS's 0.53% expense ratio.

Dividends

ANEW vs. FTCS - Dividend Comparison

ANEW's dividend yield for the trailing twelve months is around 0.61%, less than FTCS's 1.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANEW ProShares MSCI Transformational Changes ETF	0.61%	0.54%	1.08%	0.87%	1.05%	0.24%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%
FTCS First Trust Capital Strength ETF	1.12%	1.04%	1.33%	1.47%	1.23%	1.06%	0.93%	1.26%	1.26%	1.15%	1.43%	1.50%

Frequently Asked Questions

Can I hold both ANEW and FTCS in my portfolio?

ANEW and FTCS have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ANEW or FTCS?

ANEW has higher volatility (3.00%) compared to FTCS (2.68%). In terms of maximum drawdown, ANEW dropped -39.87% vs FTCS's -53.64%.

Which ETF is better, ANEW or FTCS?

On 5-year performance, FTCS leads with 5.51% vs 4.17% for ANEW. On fees, ANEW is cheaper at 0.45% per year. On volatility, FTCS has been the lower-risk option at 2.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ANEW or FTCS?

Over the 5-year period, FTCS has performed better with a 5.51% return vs 4.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ANEW or FTCS?

ANEW is cheaper with a 0.45% expense ratio, compared with 0.53% for FTCS.

Which ETF pays a higher dividend yield, ANEW or FTCS?

FTCS has the higher dividend yield at 1.12%, compared with 0.61% for ANEW.

What is the main difference between ANEW and FTCS?

ANEW is categorized as Large Cap Growth Equities, while FTCS is Large Cap Blend Equities. ANEW tracks MSCI Global Transformational Changes Index, while FTCS tracks The Capital Strength Index. They also come from different issuers: ProShares and First Trust. Their fees differ too: 0.45% for ANEW and 0.53% for FTCS.

Which has better risk-adjusted returns?

ANEW currently has the higher Sharpe Ratio (0.53 vs 0.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.