ASGI vs. FLIAX

Last updated Aug 1, 2026

ASGI (Abrdn Global Infrastructure Income Fund) and FLIAX (First Sentier American Listed Infrastructure Fund) are both Infrastructure Equities funds. Over the past 5 years, ASGI returned 13.25%/yr vs 6.55%/yr for FLIAX. Their 0.47 correlation means their historical movements had little consistent relationship. ASGI charges 1.65%/yr vs 0.75%/yr for FLIAX.

Performance

ASGI vs. FLIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Abrdn Global Infrastructure Income Fund (ASGI) and First Sentier American Listed Infrastructure Fund (FLIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASGI achieves a 14.30% return, which is significantly lower than FLIAX's 17.06% return.

ASGI

• 1D: 0.34%
• 1M: 3.69%
• 6M: 10.38%
• YTD: 14.30%
• 1Y: 26.22%
• 3Y*: 23.17%
• 5Y*: 13.25%
• 10Y*: —
• ALL TIME*: 13.12%

FLIAX

• 1D: -0.69%
• 1M: -0.26%
• 6M: 13.04%
• YTD: 17.06%
• 1Y: 8.36%
• 3Y*: 10.28%
• 5Y*: 6.55%
• 10Y*: —
• ALL TIME*: 8.17%

*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)
ASGI Abrdn Global Infrastructure Income Fund	$4.02M	$5.06M	$4.09M
FLIAX First Sentier American Listed Infrastructure Fund	$0.00	$0.00	$0.00

ASGI vs. FLIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ASGI Abrdn Global Infrastructure Income Fund	14.30%	44.20%	10.26%	14.48%	-10.50%	9.16%
FLIAX First Sentier American Listed Infrastructure Fund	17.06%	-0.20%	12.21%	0.59%	-5.85%	24.12%

Correlation

The correlation between ASGI and FLIAX is 0.26, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.26
Correlation (3Y) Balances recent behavior with more history.	0.42
Correlation (5Y) Shows whether the relationship held over a longer period.	0.49
Correlation (All Time) Calculated using the full available price history since Jan 25, 2021	0.47

Over the past year, the correlation between ASGI and FLIAX has dropped to 0.26 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

Return for Risk

ASGI vs. FLIAX — Risk / Return Rank

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

ASGI

ASGI Risk / Return Rank: 47
ASGI Sharpe Ratio Rank: 52
ASGI Sortino Ratio Rank: 46
ASGI Omega Ratio Rank: 51
ASGI Calmar Ratio Rank: 46
ASGI Martin Ratio Rank: 37

FLIAX

FLIAX Risk / Return Rank: 15
FLIAX Sharpe Ratio Rank: 14
FLIAX Sortino Ratio Rank: 12
FLIAX Omega Ratio Rank: 17
FLIAX Calmar Ratio Rank: 14
FLIAX Martin Ratio Rank: 17

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.

ASGI vs. FLIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Abrdn Global Infrastructure Income Fund (ASGI) and First Sentier American Listed Infrastructure Fund (FLIAX). 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.

	ASGI	FLIAX	Difference
Sharpe ratio: Return per unit of total volatility	1.33	0.60	+0.73
Sortino ratio: Return per unit of downside risk	1.81	0.84	+0.97
Omega ratio: Gain probability vs. loss probability	1.24	1.13	+0.11
Calmar ratio: Return relative to maximum drawdown	1.73	0.77	+0.96
Martin ratio: Return relative to average drawdown	5.33	2.52	+2.81

ASGI vs. FLIAX - Sharpe Ratio Comparison

The current ASGI Sharpe Ratio is 1.33, which is higher than the FLIAX Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of ASGI and FLIAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ASGI vs. FLIAX - Drawdown Comparison

The maximum ASGI drawdown since its inception was -23.71%, roughly equal to the maximum FLIAX drawdown of -23.23%. Use the drawdown chart below to compare losses from any high point for ASGI and FLIAX.

Drawdown Indicators

	ASGI	FLIAX	Difference
Max Drawdown Largest peak-to-trough decline	-23.71%	-23.23%	-0.48%
Max Drawdown (1Y) Largest decline over 1 year	-15.15%	-12.50%	-2.65%
Max Drawdown (3Y) Largest decline over 3 years	-15.15%	-12.50%	-2.65%
Max Drawdown (5Y) Largest decline over 5 years	-22.49%	-23.23%	+0.74%
Current Drawdown Current decline from peak	-2.65%	-3.19%	+0.54%
Average Drawdown Average peak-to-trough decline	-5.95%	-6.31%	+0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.91%	3.60%	+1.31%

Volatility

ASGI vs. FLIAX - Volatility Comparison

Abrdn Global Infrastructure Income Fund (ASGI) has a higher volatility of 5.86% compared to First Sentier American Listed Infrastructure Fund (FLIAX) at 4.19%. This indicates that ASGI's price experiences larger fluctuations and is considered to be riskier than FLIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASGI	FLIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.86%	4.19%	+1.67%
Volatility (6M) Calculated over the trailing 6-month period	16.98%	10.32%	+6.66%
Volatility (1Y) Calculated over the trailing 1-year period	19.70%	15.99%	+3.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.92%	16.14%	+0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.55%	15.78%	+1.77%

ASGI vs. FLIAX - Expense Ratio Comparison

ASGI has a 1.65% expense ratio, which is higher than FLIAX's 0.75% expense ratio.

Dividends

ASGI vs. FLIAX - Dividend Comparison

ASGI's dividend yield for the trailing twelve months is around 10.96%, while FLIAX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
ASGI Abrdn Global Infrastructure Income Fund	10.96%	10.96%	12.84%	8.03%	8.25%	6.33%	1.76%
FLIAX First Sentier American Listed Infrastructure Fund	0.00%	0.00%	6.21%	2.90%	19.90%	5.77%	0.00%

Frequently Asked Questions

Can I hold both ASGI and FLIAX in my portfolio?

ASGI and FLIAX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASGI or FLIAX?

ASGI has higher volatility (5.86%) compared to FLIAX (4.19%). In terms of maximum drawdown, ASGI dropped -23.71% vs FLIAX's -23.23%.

Which has better risk-adjusted returns?

ASGI currently has the higher Sharpe Ratio (1.33 vs 0.60), 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.