COLO vs. FBDC
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. At a 0.20 correlation, their price movements are largely independent. COLO charges 0.62%/yr vs 1.35%/yr for FBDC.
Performance
COLO vs. FBDC - Performance Comparison
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Returns By Period
In the year-to-date period, COLO achieves a 14.14% return, which is significantly higher than FBDC's -9.51% return.
COLO
- 1D
- -2.42%
- 1M
- 8.62%
- YTD
- 14.14%
- 6M
- 13.91%
- 1Y
- 48.73%
- 3Y*
- 34.47%
- 5Y*
- 14.34%
- 10Y*
- 6.37%
FBDC
- 1D
- -2.98%
- 1M
- -7.81%
- YTD
- -9.51%
- 6M
- -10.31%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COLO vs. FBDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
COLO Global X MSCI Colombia ETF | 14.14% | 29.74% |
FBDC FT Confluence BDC & Specialty Finance Income ETF | -9.51% | -2.43% |
Correlation
The correlation between COLO and FBDC is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.20 |
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Return for Risk
COLO vs. FBDC — Risk / Return Rank
COLO
FBDC
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.
| COLO | FBDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | — | — |
| Martin ratioReturn relative to average drawdown | 7.53 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COLO | FBDC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | -0.70 | +0.92 |
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.
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Drawdown Indicators
| COLO | FBDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.91% | -20.60% | -58.31% |
Max Drawdown (1Y)Largest decline over 1 year | -17.79% | — | — |
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 DrawdownCurrent decline from peak | -22.51% | -17.24% | -5.27% |
Average DrawdownAverage peak-to-trough decline | -40.32% | -10.14% | -30.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.49% | — | — |
Volatility
COLO vs. FBDC - Volatility Comparison
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Volatility by Period
| COLO | FBDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.70% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 19.42% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.28% | 18.06% | +4.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.21% | 18.06% | +5.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.44% | 18.06% | +7.38% |
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 6.58%, less than FBDC's 11.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COLO Global X MSCI Colombia ETF | 6.58% | 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 | 11.52% | 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
COLO and FBDC have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COLO is cheaper at 0.62% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COLO is cheaper with a 0.62% expense ratio, compared with 1.35% for FBDC.
FBDC has the higher dividend yield at 11.52%, compared with 6.58% for COLO.
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.
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