CESG.L vs. FBT.L
CESG.L (First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc) and FBT.L (First Trust NYSE Arca Biotechnology UCITS ETF Acc) are both exchange-traded funds - CESG.L is a ESG fund actively managed by First Trust, while FBT.L is a Health & Biotech Equities fund tracking the NASDAQ Biotechnology TR USD. CESG.L is actively managed, while FBT.L is passively managed. Over the past 5 years, CESG.L returned 5.33%/yr vs 8.43%/yr for FBT.L. At a 0.48 correlation, their price movements are largely independent. CESG.L charges 0.75%/yr vs 0.60%/yr for FBT.L.
Performance
CESG.L vs. FBT.L - Performance Comparison
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Different Trading Currencies
CESG.L is traded in USD, while FBT.L is traded in GBp. To make them comparable, the FBT.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 FBT.L's 17.95% 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*
- —
FBT.L
- 1D
- 0.95%
- 1M
- 9.25%
- 6M
- 15.56%
- YTD
- 17.95%
- 1Y
- 50.74%
- 3Y*
- 17.04%
- 5Y*
- 8.43%
- 10Y*
- —
CESG.L vs. FBT.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% |
FBT.L First Trust NYSE Arca Biotechnology UCITS ETF Acc | 17.95% | 26.13% | 4.75% | 3.37% | -5.94% | 0.54% |
Correlation
The correlation between CESG.L and FBT.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 | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.48 |
The correlation between CESG.L and FBT.L shifts across timeframes, from 0.35 (1 year) to 0.50 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CESG.L vs. FBT.L — Risk / Return Rank
CESG.L
FBT.L
CESG.L vs. FBT.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 NYSE Arca Biotechnology UCITS ETF Acc (FBT.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 | FBT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.39 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 3.50 | -2.95 |
| Martin ratioReturn relative to average drawdown | 1.42 | 9.66 | -8.24 |
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Drawdowns
CESG.L vs. FBT.L - Drawdown Comparison
The maximum CESG.L drawdown since its inception was -22.69%, smaller than the maximum FBT.L drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for CESG.L and FBT.L.
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Drawdown Indicators
| CESG.L | FBT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.69% | -33.79% | +11.10% |
Max Drawdown (1Y)Largest decline over 1 year | -8.81% | -14.43% | +5.62% |
Max Drawdown (3Y)Largest decline over 3 years | -10.31% | -22.01% | +11.70% |
Max Drawdown (5Y)Largest decline over 5 years | -22.69% | -29.85% | +7.16% |
Current DrawdownCurrent decline from peak | -1.54% | -3.52% | +1.98% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -12.92% | +7.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 5.24% | -1.83% |
Volatility
CESG.L vs. FBT.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 NYSE Arca Biotechnology UCITS ETF Acc (FBT.L) has a volatility of 6.14%. This indicates that CESG.L experiences smaller price fluctuations and is considered to be less risky than FBT.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 | FBT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 6.14% | -2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 8.01% | 16.56% | -8.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 21.48% | -11.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.62% | 24.63% | -12.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.53% | 3,217.96% | -3,205.43% |
CESG.L vs. FBT.L - Expense Ratio Comparison
CESG.L has a 0.75% expense ratio, which is higher than FBT.L's 0.60% expense ratio.
Dividends
CESG.L vs. FBT.L - Dividend Comparison
Neither CESG.L nor FBT.L has paid dividends to shareholders.
Frequently Asked Questions
CESG.L and FBT.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.
On fees, FBT.L is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FBT.L is cheaper with a 0.60% expense ratio, compared with 0.75% for CESG.L.
CESG.L is categorized as ESG, while FBT.L is Health & Biotech Equities. Their fees differ too: 0.75% for CESG.L and 0.60% for FBT.L.
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