CAPS.L vs. EEDG.L

Last updated Jun 4, 2026

CAPS.L (First Trust Capital Strength UCITS ETF Acc) and EEDG.L (iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist)) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from First Trust and iShares respectively. Both are passively managed. Over the past 5 years, CAPS.L returned 6.26%/yr vs 12.97%/yr for EEDG.L. A 0.66 correlation means they provide meaningful diversification when combined. CAPS.L charges 0.60%/yr vs 0.07%/yr for EEDG.L.

Performance

CAPS.L vs. EEDG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in First Trust Capital Strength UCITS ETF Acc (CAPS.L) and iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist) (EEDG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CAPS.L is traded in GBp, while EEDG.L is traded in GBP. To make them comparable, the EEDG.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CAPS.L achieves a -0.55% return, which is significantly lower than EEDG.L's 9.54% return.

CAPS.L

• 1D: 0.73%
• 1M: -0.30%
• YTD: -0.55%
• 6M: -0.38%
• 1Y: 3.20%
• 3Y*: 6.55%
• 5Y*: 6.26%
• 10Y*: —

EEDG.L

• 1D: -0.27%
• 1M: 6.08%
• YTD: 9.54%
• 6M: 9.26%
• 1Y: 26.67%
• 3Y*: 17.83%
• 5Y*: 12.97%
• 10Y*: —

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

CAPS.L vs. EEDG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CAPS.L First Trust Capital Strength UCITS ETF Acc	-0.55%	-0.65%	12.99%	2.23%	0.10%	19.38%
EEDG.L iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist)	9.54%	7.08%	26.20%	19.31%	-12.31%	19.08%

Correlation

The correlation between CAPS.L and EEDG.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jun 3, 2021	0.66

Over the past year, the correlation between CAPS.L and EEDG.L has dropped to 0.35 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.

Return for Risk

CAPS.L vs. EEDG.L — Risk / Return Rank

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

CAPS.L

CAPS.L Risk / Return Rank: 13
CAPS.L Sharpe Ratio Rank: 14
CAPS.L Sortino Ratio Rank: 13
CAPS.L Omega Ratio Rank: 13
CAPS.L Calmar Ratio Rank: 13
CAPS.L Martin Ratio Rank: 14

EEDG.L

EEDG.L Risk / Return Rank: 70
EEDG.L Sharpe Ratio Rank: 76
EEDG.L Sortino Ratio Rank: 74
EEDG.L Omega Ratio Rank: 76
EEDG.L Calmar Ratio Rank: 63
EEDG.L Martin Ratio Rank: 60

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.

CAPS.L vs. EEDG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Capital Strength UCITS ETF Acc (CAPS.L) and iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist) (EEDG.L). 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.

	CAPS.L	EEDG.L	Difference
Sharpe ratio: Return per unit of total volatility	0.33	2.46	-2.13
Sortino ratio: Return per unit of downside risk	0.55	3.32	-2.77
Omega ratio: Gain probability vs. loss probability	1.06	1.45	-0.39
Calmar ratio: Return relative to maximum drawdown	0.36	3.07	-2.71
Martin ratio: Return relative to average drawdown	1.02	10.55	-9.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CAPS.L vs. EEDG.L - Sharpe Ratio Comparison

The current CAPS.L Sharpe Ratio is 0.33, which is lower than the EEDG.L Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of CAPS.L and EEDG.L, 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

	CAPS.L	EEDG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.33	2.46	-2.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.88	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	1.05	-0.72

Drawdowns

CAPS.L vs. EEDG.L - Drawdown Comparison

The maximum CAPS.L drawdown since its inception was -22.86%, roughly equal to the maximum EEDG.L drawdown of -21.95%. Use the drawdown chart below to compare losses from any high point for CAPS.L and EEDG.L.

Drawdown Indicators

	CAPS.L	EEDG.L	Difference
Max Drawdown Largest peak-to-trough decline	-22.86%	-21.95%	-0.91%
Max Drawdown (1Y) Largest decline over 1 year	-8.95%	-8.65%	-0.30%
Max Drawdown (3Y) Largest decline over 3 years	-22.86%	-21.95%	-0.91%
Max Drawdown (5Y) Largest decline over 5 years	-22.86%	-21.95%	-0.91%
Current Drawdown Current decline from peak	-16.47%	-0.27%	-16.20%
Average Drawdown Average peak-to-trough decline	-10.21%	-4.16%	-6.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	2.52%	+0.62%

Volatility

CAPS.L vs. EEDG.L - Volatility Comparison

First Trust Capital Strength UCITS ETF Acc (CAPS.L) has a higher volatility of 3.70% compared to iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist) (EEDG.L) at 2.65%. This indicates that CAPS.L's price experiences larger fluctuations and is considered to be riskier than EEDG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAPS.L	EEDG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	2.65%	+1.05%
Volatility (6M) Calculated over the trailing 6-month period	7.09%	7.32%	-0.23%
Volatility (1Y) Calculated over the trailing 1-year period	9.78%	10.89%	-1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.27%	14.67%	+4.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.27%	15.20%	+4.07%

CAPS.L vs. EEDG.L - Expense Ratio Comparison

CAPS.L has a 0.60% expense ratio, which is higher than EEDG.L's 0.07% expense ratio.

Dividends

CAPS.L vs. EEDG.L - Dividend Comparison

CAPS.L has not paid dividends to shareholders, while EEDG.L's dividend yield for the trailing twelve months is around 0.81%.

Position	TTM	2025	2024	2023	2022	2021	2020
CAPS.L First Trust Capital Strength UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EEDG.L iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist)	0.81%	0.88%	0.99%	1.15%	1.39%	1.00%	1.30%

Frequently Asked Questions

Can I hold both CAPS.L and EEDG.L in my portfolio?

CAPS.L and EEDG.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CAPS.L or EEDG.L?

On fees, EEDG.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CAPS.L or EEDG.L?

EEDG.L is cheaper with a 0.07% expense ratio, compared with 0.60% for CAPS.L.

What is the main difference between CAPS.L and EEDG.L?

Both ETFs track Russell 1000 TR USD. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.60% for CAPS.L and 0.07% for EEDG.L.