BILD vs. FTWO

Last updated Jun 5, 2026

BILD (Macquarie Global Listed Infrastructure ETF) and FTWO (Strive Natural Resources and Security ETF) are both Energy Equities funds. BILD is actively managed, while FTWO is passively managed. Over the past year, BILD returned 15.66% vs 32.31% for FTWO. At a 0.38 correlation, their price movements are largely independent. Both charge a 0.49% expense ratio.

Performance

BILD vs. FTWO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Macquarie Global Listed Infrastructure ETF (BILD) and Strive Natural Resources and Security ETF (FTWO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BILD achieves a 8.06% return, which is significantly lower than FTWO's 11.48% return.

BILD

• 1D: 0.76%
• 1M: -1.65%
• YTD: 8.06%
• 6M: 9.06%
• 1Y: 15.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTWO

• 1D: 0.52%
• 1M: -0.78%
• YTD: 11.48%
• 6M: 12.50%
• 1Y: 32.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BILD vs. FTWO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BILD Macquarie Global Listed Infrastructure ETF	8.06%	21.08%	-2.68%	3.97%
FTWO Strive Natural Resources and Security ETF	11.48%	43.06%	14.97%	4.82%

Correlation

The correlation between BILD and FTWO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Nov 30, 2023	0.38

BILD vs. FTWO - Sectors Allocation Comparison

Sectors	BILD	FTWO
Utilities	54.2%	11.7%
Industrials	20.4%	32.2%
Energy	18.4%	29.1%
Real Estate	5.5%	-
Communication Services	1.6%	-
Basic Materials	-	25.9%
Consumer Cyclical	-	-
Consumer Defensive	-	1.2%
Financial Services	-	-
Healthcare	-	-
Technology	-	-

Return for Risk

BILD vs. FTWO — Risk / Return Rank

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

BILD

BILD Risk / Return Rank: 44
BILD Sharpe Ratio Rank: 42
BILD Sortino Ratio Rank: 39
BILD Omega Ratio Rank: 41
BILD Calmar Ratio Rank: 53
BILD Martin Ratio Rank: 45

FTWO

FTWO Risk / Return Rank: 51
FTWO Sharpe Ratio Rank: 53
FTWO Sortino Ratio Rank: 50
FTWO Omega Ratio Rank: 49
FTWO Calmar Ratio Rank: 57
FTWO Martin Ratio Rank: 47

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.

BILD vs. FTWO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Macquarie Global Listed Infrastructure ETF (BILD) and Strive Natural Resources and Security ETF (FTWO). 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.

	BILD	FTWO	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.79	-0.34
Sortino ratio: Return per unit of downside risk	1.99	2.42	-0.43
Omega ratio: Gain probability vs. loss probability	1.26	1.30	-0.04
Calmar ratio: Return relative to maximum drawdown	2.60	2.81	-0.21
Martin ratio: Return relative to average drawdown	7.27	7.50	-0.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BILD vs. FTWO - Sharpe Ratio Comparison

The current BILD Sharpe Ratio is 1.46, which is comparable to the FTWO Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of BILD and FTWO, 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

	BILD	FTWO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	1.79	-0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	1.32	-0.42

Drawdowns

BILD vs. FTWO - Drawdown Comparison

The maximum BILD drawdown since its inception was -14.78%, smaller than the maximum FTWO drawdown of -18.17%. Use the drawdown chart below to compare losses from any high point for BILD and FTWO.

Drawdown Indicators

	BILD	FTWO	Difference
Max Drawdown Largest peak-to-trough decline	-14.78%	-18.17%	+3.39%
Max Drawdown (1Y) Largest decline over 1 year	-6.05%	-11.54%	+5.49%
Current Drawdown Current decline from peak	-4.32%	-8.72%	+4.40%
Average Drawdown Average peak-to-trough decline	-3.71%	-3.44%	-0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	4.32%	-2.16%

Volatility

BILD vs. FTWO - Volatility Comparison

The current volatility for Macquarie Global Listed Infrastructure ETF (BILD) is 4.12%, while Strive Natural Resources and Security ETF (FTWO) has a volatility of 5.82%. This indicates that BILD experiences smaller price fluctuations and is considered to be less risky than FTWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BILD	FTWO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.12%	5.82%	-1.70%
Volatility (6M) Calculated over the trailing 6-month period	8.90%	14.59%	-5.69%
Volatility (1Y) Calculated over the trailing 1-year period	10.80%	18.09%	-7.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.22%	19.22%	-6.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.22%	19.22%	-6.00%

BILD vs. FTWO - Expense Ratio Comparison

Both BILD and FTWO have an expense ratio of 0.49%.

Dividends

BILD vs. FTWO - Dividend Comparison

BILD's dividend yield for the trailing twelve months is around 2.84%, more than FTWO's 1.01% yield.

Position	TTM	2025	2024	2023
BILD Macquarie Global Listed Infrastructure ETF	2.84%	3.05%	5.53%	0.52%
FTWO Strive Natural Resources and Security ETF	1.01%	1.02%	1.23%	0.59%

Frequently Asked Questions

Can I hold both BILD and FTWO in my portfolio?

BILD and FTWO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BILD or FTWO?

FTWO has higher volatility (5.82%) compared to BILD (4.12%). In terms of maximum drawdown, BILD dropped -14.78% vs FTWO's -18.17%.

Which ETF is better, BILD or FTWO?

On 1-year performance, FTWO leads with 32.31% vs 15.66% for BILD. Both ETFs have the same 0.49% expense ratio. On volatility, BILD has been the lower-risk option at 4.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BILD or FTWO?

Over the 1-year period, FTWO has performed better with a 32.31% return vs 15.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BILD or FTWO?

BILD and FTWO have the same expense ratio: 0.49% per year.

Which ETF pays a higher dividend yield, BILD or FTWO?

BILD has the higher dividend yield at 2.84%, compared with 1.01% for FTWO.

What is the main difference between BILD and FTWO?

They also come from different issuers: Macquarie and Strive.

Which has better risk-adjusted returns?

FTWO currently has the higher Sharpe Ratio (1.79 vs 1.46), 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.