CAPS.L vs. VNRT.L

Last updated Jun 4, 2026

CAPS.L (First Trust Capital Strength UCITS ETF Acc) and VNRT.L (Vanguard FTSE North America UCITS ETF Distributing) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from First Trust and Vanguard respectively. Both are passively managed. Over the past 5 years, CAPS.L returned 6.26%/yr vs 14.05%/yr for VNRT.L. A 0.66 correlation means they provide meaningful diversification when combined. CAPS.L charges 0.60%/yr vs 0.10%/yr for VNRT.L.

Performance

CAPS.L vs. VNRT.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 Vanguard FTSE North America UCITS ETF Distributing (VNRT.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CAPS.L is traded in GBp, while VNRT.L is traded in GBP. To make them comparable, the VNRT.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 VNRT.L's 9.95% 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*: —

VNRT.L

• 1D: -0.27%
• 1M: 5.96%
• YTD: 9.95%
• 6M: 9.70%
• 1Y: 27.29%
• 3Y*: 18.71%
• 5Y*: 14.05%
• 10Y*: 15.78%

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

CAPS.L vs. VNRT.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%
VNRT.L Vanguard FTSE North America UCITS ETF Distributing	9.95%	8.77%	26.36%	19.99%	-9.98%	18.47%

Correlation

The correlation between CAPS.L and VNRT.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
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 VNRT.L has dropped to 0.34 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.

Return for Risk

CAPS.L vs. VNRT.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

VNRT.L

VNRT.L Risk / Return Rank: 75
VNRT.L Sharpe Ratio Rank: 79
VNRT.L Sortino Ratio Rank: 77
VNRT.L Omega Ratio Rank: 80
VNRT.L Calmar Ratio Rank: 70
VNRT.L Martin Ratio Rank: 68

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. VNRT.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 Vanguard FTSE North America UCITS ETF Distributing (VNRT.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	VNRT.L	Difference
Sharpe ratio: Return per unit of total volatility	0.33	2.60	-2.28
Sortino ratio: Return per unit of downside risk	0.55	3.48	-2.93
Omega ratio: Gain probability vs. loss probability	1.06	1.49	-0.43
Calmar ratio: Return relative to maximum drawdown	0.36	3.50	-3.14
Martin ratio: Return relative to average drawdown	1.02	12.48	-11.46
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. VNRT.L - Sharpe Ratio Comparison

The current CAPS.L Sharpe Ratio is 0.33, which is lower than the VNRT.L Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of CAPS.L and VNRT.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	VNRT.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.33	2.60	-2.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.98	-0.65
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.96	-0.63

Drawdowns

CAPS.L vs. VNRT.L - Drawdown Comparison

The maximum CAPS.L drawdown since its inception was -22.86%, smaller than the maximum VNRT.L drawdown of -26.17%. Use the drawdown chart below to compare losses from any high point for CAPS.L and VNRT.L.

Drawdown Indicators

	CAPS.L	VNRT.L	Difference
Max Drawdown Largest peak-to-trough decline	-22.86%	-26.17%	+3.31%
Max Drawdown (1Y) Largest decline over 1 year	-8.95%	-7.77%	-1.18%
Max Drawdown (3Y) Largest decline over 3 years	-22.86%	-21.38%	-1.48%
Max Drawdown (5Y) Largest decline over 5 years	-22.86%	-21.38%	-1.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-26.17%	—
Current Drawdown Current decline from peak	-16.47%	-0.27%	-16.20%
Average Drawdown Average peak-to-trough decline	-10.21%	-3.58%	-6.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	2.18%	+0.96%

Volatility

CAPS.L vs. VNRT.L - Volatility Comparison

First Trust Capital Strength UCITS ETF Acc (CAPS.L) has a higher volatility of 3.70% compared to Vanguard FTSE North America UCITS ETF Distributing (VNRT.L) at 2.57%. This indicates that CAPS.L's price experiences larger fluctuations and is considered to be riskier than VNRT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAPS.L	VNRT.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	2.57%	+1.13%
Volatility (6M) Calculated over the trailing 6-month period	7.09%	7.13%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	9.78%	10.50%	-0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.27%	14.36%	+4.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.27%	15.55%	+3.72%

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

CAPS.L has a 0.60% expense ratio, which is higher than VNRT.L's 0.10% expense ratio.

Dividends

CAPS.L vs. VNRT.L - Dividend Comparison

Neither CAPS.L nor VNRT.L has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAPS.L First Trust Capital Strength UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VNRT.L Vanguard FTSE North America UCITS ETF Distributing	0.00%	0.00%	0.49%	1.24%	1.41%	1.02%	1.43%	1.48%	1.76%	1.61%	1.51%	1.68%

Frequently Asked Questions

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

CAPS.L and VNRT.L have a correlation of 0.34, 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 VNRT.L?

On fees, VNRT.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

VNRT.L is cheaper with a 0.10% expense ratio, compared with 0.60% for CAPS.L.

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

Both ETFs track Russell 1000 TR USD. They also come from different issuers: First Trust and Vanguard. Their fees differ too: 0.60% for CAPS.L and 0.10% for VNRT.L.