CESG.L vs. CAPS.L
CESG.L (First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc) and CAPS.L (First Trust Capital Strength UCITS ETF Acc) are both exchange-traded funds - CESG.L is a ESG fund actively managed by First Trust, while CAPS.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. CESG.L is actively managed, while CAPS.L is passively managed. Over the past 5 years, CESG.L returned 5.33%/yr vs 5.58%/yr for CAPS.L. A 0.73 correlation means they provide meaningful diversification when combined. CESG.L charges 0.75%/yr vs 0.60%/yr for CAPS.L.
Performance
CESG.L vs. CAPS.L - Performance Comparison
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Different Trading Currencies
CESG.L is traded in USD, while CAPS.L is traded in GBp. To make them comparable, the CAPS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CESG.L achieves a 2.70% return, which is significantly lower than CAPS.L's 3.50% return.
CESG.L
- 1D
- 0.11%
- 1M
- 2.28%
- 6M
- 2.77%
- YTD
- 2.70%
- 1Y
- 5.82%
- 3Y*
- 9.53%
- 5Y*
- 5.33%
- 10Y*
- —
CAPS.L
- 1D
- 0.00%
- 1M
- 2.02%
- 6M
- 0.73%
- YTD
- 3.50%
- 1Y
- 7.29%
- 3Y*
- 9.59%
- 5Y*
- 5.58%
- 10Y*
- —
CESG.L vs. CAPS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CESG.L First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc | 2.70% | 11.47% | 9.71% | 12.32% | -13.97% | 23.33% |
CAPS.L First Trust Capital Strength UCITS ETF Acc | 3.50% | 6.85% | 11.11% | 7.62% | -10.23% | -8.23% |
Correlation
The correlation between CESG.L and CAPS.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.73 |
The correlation between CESG.L and CAPS.L has been stable across timeframes, ranging from 0.65 to 0.74 - a consistent structural relationship.
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Return for Risk
CESG.L vs. CAPS.L — Risk / Return Rank
CESG.L
CAPS.L
CESG.L vs. CAPS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc (CESG.L) and First Trust Capital Strength UCITS ETF Acc (CAPS.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.
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.
| CESG.L | CAPS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | -139.08 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 78.09 | -77.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 0.07 | +0.48 |
| Martin ratioReturn relative to average drawdown | 1.42 | 0.29 | +1.13 |
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Drawdowns
CESG.L vs. CAPS.L - Drawdown Comparison
The maximum CESG.L drawdown since its inception was -22.69%, smaller than the maximum CAPS.L drawdown of -99.12%. Use the drawdown chart below to compare losses from any high point for CESG.L and CAPS.L.
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Drawdown Indicators
| CESG.L | CAPS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.69% | -99.12% | +76.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.81% | -99.04% | +90.23% |
Max Drawdown (3Y)Largest decline over 3 years | -10.31% | -99.04% | +88.73% |
Max Drawdown (5Y)Largest decline over 5 years | -22.69% | -99.04% | +76.35% |
Current DrawdownCurrent decline from peak | -1.54% | -5.90% | +4.36% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -18.79% | +13.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 25.17% | -21.76% |
Volatility
CESG.L vs. CAPS.L - Volatility Comparison
The current volatility for First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc (CESG.L) is 3.44%, while First Trust Capital Strength UCITS ETF Acc (CAPS.L) has a volatility of 3.84%. This indicates that CESG.L experiences smaller price fluctuations and is considered to be less risky than CAPS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CESG.L | CAPS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 3.84% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 8.01% | 7.39% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 13,939.23% | -13,929.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.62% | 6,245.88% | -6,233.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.53% | 5,484.71% | -5,472.18% |
CESG.L vs. CAPS.L - Expense Ratio Comparison
CESG.L has a 0.75% expense ratio, which is higher than CAPS.L's 0.60% expense ratio.
Dividends
CESG.L vs. CAPS.L - Dividend Comparison
Neither CESG.L nor CAPS.L has paid dividends to shareholders.
Frequently Asked Questions
CESG.L and CAPS.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CAPS.L is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CAPS.L is cheaper with a 0.60% expense ratio, compared with 0.75% for CESG.L.
CESG.L is categorized as ESG, while CAPS.L is Large Cap Blend Equities. Their fees differ too: 0.75% for CESG.L and 0.60% for CAPS.L.
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