CESG.L vs. FEXU.L
CESG.L (First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc) and FEXU.L (First Trust US Large Cap Core AlphaDEX UCITS ETF) are both exchange-traded funds - CESG.L is a ESG fund actively managed by First Trust, while FEXU.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. CESG.L is actively managed, while FEXU.L is passively managed. Over the past 5 years, CESG.L returned 5.33%/yr vs 10.86%/yr for FEXU.L. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
CESG.L vs. FEXU.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CESG.L achieves a 2.70% return, which is significantly lower than FEXU.L's 13.98% 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*
- —
FEXU.L
- 1D
- -0.66%
- 1M
- -2.13%
- 6M
- 10.97%
- YTD
- 13.98%
- 1Y
- 23.64%
- 3Y*
- 17.77%
- 5Y*
- 10.86%
- 10Y*
- 12.38%
CESG.L vs. FEXU.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% |
FEXU.L First Trust US Large Cap Core AlphaDEX UCITS ETF | 13.98% | 15.23% | 16.68% | 14.66% | -12.27% | 18.45% |
Correlation
The correlation between CESG.L and FEXU.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.72 |
Over the past year, the correlation between CESG.L and FEXU.L has dropped to 0.44 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CESG.L vs. FEXU.L — Risk / Return Rank
CESG.L
FEXU.L
CESG.L vs. FEXU.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 US Large Cap Core AlphaDEX UCITS ETF (FEXU.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 | FEXU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.33 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 4.23 | -3.68 |
| Martin ratioReturn relative to average drawdown | 1.42 | 13.80 | -12.38 |
Loading charts...
Drawdowns
CESG.L vs. FEXU.L - Drawdown Comparison
The maximum CESG.L drawdown since its inception was -22.69%, smaller than the maximum FEXU.L drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for CESG.L and FEXU.L.
Loading charts...
Drawdown Indicators
| CESG.L | FEXU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.69% | -39.38% | +16.69% |
Max Drawdown (1Y)Largest decline over 1 year | -8.81% | -5.56% | -3.25% |
Max Drawdown (3Y)Largest decline over 3 years | -10.31% | -20.15% | +9.84% |
Max Drawdown (5Y)Largest decline over 5 years | -22.69% | -20.80% | -1.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.38% | — |
Current DrawdownCurrent decline from peak | -1.54% | -2.73% | +1.19% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -4.37% | -1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 1.71% | +1.70% |
Volatility
CESG.L vs. FEXU.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 US Large Cap Core AlphaDEX UCITS ETF (FEXU.L) has a volatility of 3.96%. This indicates that CESG.L experiences smaller price fluctuations and is considered to be less risky than FEXU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CESG.L | FEXU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 3.96% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 8.01% | 9.47% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 12.55% | -2.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.62% | 16.35% | -3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.53% | 17.31% | -4.78% |
CESG.L vs. FEXU.L - Expense Ratio Comparison
Both CESG.L and FEXU.L have an expense ratio of 0.75%.
Dividends
CESG.L vs. FEXU.L - Dividend Comparison
Neither CESG.L nor FEXU.L has paid dividends to shareholders.
Frequently Asked Questions
CESG.L and FEXU.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CESG.L and FEXU.L have the same expense ratio: 0.75% per year.
CESG.L is categorized as ESG, while FEXU.L is Large Cap Blend Equities.
Find the right allocation for CESG.L and FEXU.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer