COLO vs. FBDC

Last updated Jul 14, 2026

COLO (Global X MSCI Colombia ETF) and FBDC (FT Confluence BDC & Specialty Finance Income ETF) are both exchange-traded funds - COLO is a Latin America Equities fund tracking the MSCI All Colombia Select 25/50 Index, while FBDC is a Financials Equities fund actively managed by First Trust. COLO is passively managed, while FBDC is actively managed. Over the past year, COLO returned 57.72% vs -12.75% for FBDC. At a 0.19 correlation, their price movements are largely independent. COLO charges 0.62%/yr vs 1.35%/yr for FBDC.

Performance

COLO vs. FBDC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI Colombia ETF (COLO) and FT Confluence BDC & Specialty Finance Income ETF (FBDC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COLO achieves a 22.99% return, which is significantly higher than FBDC's -7.16% return.

COLO

• 1D: -1.40%
• 1M: -0.26%
• 6M: 13.36%
• YTD: 22.99%
• 1Y: 57.72%
• 3Y*: 33.96%
• 5Y*: 16.83%
• 10Y*: 6.45%

FBDC

• 1D: -0.75%
• 1M: 0.63%
• 6M: -7.47%
• YTD: -7.16%
• 1Y: -12.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COLO vs. FBDC - Yearly Performance Comparison

	2026 (YTD)	2025
COLO Global X MSCI Colombia ETF	22.99%	30.06%
FBDC FT Confluence BDC & Specialty Finance Income ETF	-7.16%	-2.66%

Correlation

The correlation between COLO and FBDC is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025	0.19

Return for Risk

COLO vs. FBDC — Risk / Return Rank

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

COLO

COLO Risk / Return Rank: 82
COLO Sharpe Ratio Rank: 91
COLO Sortino Ratio Rank: 90
COLO Omega Ratio Rank: 88
COLO Calmar Ratio Rank: 79
COLO Martin Ratio Rank: 62

FBDC

FBDC Risk / Return Rank: 4
FBDC Sharpe Ratio Rank: 3
FBDC Sortino Ratio Rank: 4
FBDC Omega Ratio Rank: 4
FBDC Calmar Ratio Rank: 4
FBDC Martin Ratio Rank: 4

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.

COLO vs. FBDC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Colombia ETF (COLO) and FT Confluence BDC & Specialty Finance Income ETF (FBDC). 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.

	COLO	FBDC	Difference
Sharpe ratio: Return per unit of total volatility	2.49	-0.71	+3.21
Sortino ratio: Return per unit of downside risk	3.37	-0.93	+4.31
Omega ratio: Gain probability vs. loss probability	1.43	0.90	+0.53
Calmar ratio: Return relative to maximum drawdown	3.26	-0.62	+3.88
Martin ratio: Return relative to average drawdown	8.74	-1.05	+9.79

COLO vs. FBDC - Sharpe Ratio Comparison

The current COLO Sharpe Ratio is 2.49, which is higher than the FBDC Sharpe Ratio of -0.71. The chart below compares the historical Sharpe Ratios of COLO and FBDC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

COLO vs. FBDC - Drawdown Comparison

The maximum COLO drawdown since its inception was -78.91%, which is greater than FBDC's maximum drawdown of -20.60%. Use the drawdown chart below to compare losses from any high point for COLO and FBDC.

Drawdown Indicators

	COLO	FBDC	Difference
Max Drawdown Largest peak-to-trough decline	-78.91%	-20.60%	-58.31%
Max Drawdown (1Y) Largest decline over 1 year	-17.79%	-20.60%	+2.81%
Max Drawdown (3Y) Largest decline over 3 years	-18.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-43.86%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-62.75%	—	—
Current Drawdown Current decline from peak	-16.51%	-15.10%	-1.41%
Average Drawdown Average peak-to-trough decline	-40.19%	-10.71%	-29.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.63%	12.14%	-5.51%

Volatility

COLO vs. FBDC - Volatility Comparison

Global X MSCI Colombia ETF (COLO) has a higher volatility of 7.77% compared to FT Confluence BDC & Specialty Finance Income ETF (FBDC) at 4.14%. This indicates that COLO's price experiences larger fluctuations and is considered to be riskier than FBDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COLO	FBDC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.77%	4.14%	+3.63%
Volatility (6M) Calculated over the trailing 6-month period	19.76%	14.46%	+5.30%
Volatility (1Y) Calculated over the trailing 1-year period	23.30%	17.98%	+5.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.33%	17.85%	+5.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.37%	17.85%	+7.52%

COLO vs. FBDC - Expense Ratio Comparison

COLO has a 0.62% expense ratio, which is lower than FBDC's 1.35% expense ratio.

Dividends

COLO vs. FBDC - Dividend Comparison

COLO's dividend yield for the trailing twelve months is around 4.57%, less than FBDC's 12.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COLO Global X MSCI Colombia ETF	4.57%	7.51%	6.08%	6.99%	12.55%	2.32%	3.23%	3.04%	3.03%	1.83%	1.48%	1.58%
FBDC FT Confluence BDC & Specialty Finance Income ETF	12.38%	5.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both COLO and FBDC in my portfolio?

COLO and FBDC have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COLO or FBDC?

COLO has higher volatility (7.77%) compared to FBDC (4.14%). In terms of maximum drawdown, COLO dropped -78.91% vs FBDC's -20.60%.

Which ETF is better, COLO or FBDC?

On 1-year performance, COLO leads with 57.72% vs -12.75% for FBDC. On fees, COLO is cheaper at 0.62% per year. On volatility, FBDC has been the lower-risk option at 4.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COLO or FBDC?

Over the 1-year period, COLO has performed better with a 57.72% return vs -12.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COLO or FBDC?

COLO is cheaper with a 0.62% expense ratio, compared with 1.35% for FBDC.

Which ETF pays a higher dividend yield, COLO or FBDC?

FBDC has the higher dividend yield at 12.38%, compared with 4.57% for COLO.

What is the main difference between COLO and FBDC?

COLO is categorized as Latin America Equities, while FBDC is Financials Equities. They also come from different issuers: Global X and First Trust. Their fees differ too: 0.62% for COLO and 1.35% for FBDC.

Which has better risk-adjusted returns?

COLO currently has the higher Sharpe Ratio (2.49 vs -0.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.