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. Over the past year, COLO returned 65.61% vs -8.87% for FBDC. Their 0.18 correlation means their historical movements had little consistent relationship. 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 29.42% return, which is significantly higher than FBDC's -5.18% return.
COLO
- 1D
- -1.14%
- 1M
- 8.84%
- 6M
- 9.92%
- YTD
- 29.42%
- 1Y
- 65.61%
- 3Y*
- 35.90%
- 5Y*
- 19.42%
- 10Y*
- 7.59%
- ALL TIME*
- 6.02%
FBDC
- 1D
- 2.30%
- 1M
- 1.79%
- 6M
- -2.87%
- YTD
- -5.18%
- 1Y
- -8.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -7.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.53M | $6.51M | $9.10M | |
| $219.24K | $198.31K | $194.48K |
COLO vs. FBDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
COLO Global X MSCI Colombia ETF | 29.42% | 30.06% |
FBDC FT Confluence BDC & Specialty Finance Income ETF | -5.18% | -2.66% |
Correlation
The correlation between COLO and FBDC is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025 | 0.18 |
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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.
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 ratioReturn per unit of total volatility | +3.31 | ||
| Sortino ratioReturn per unit of downside risk | +4.30 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 0.93 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | -0.49 | +4.20 |
| Martin ratioReturn relative to average drawdown | 9.95 | -0.88 | +10.83 |
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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% | -18.08% | +0.29% |
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 | -12.14% | -13.28% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -40.10% | -10.91% | -29.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.61% | 10.14% | -3.53% |
Volatility
COLO vs. FBDC - Volatility Comparison
Global X MSCI Colombia ETF (COLO) and FT Confluence BDC & Specialty Finance Income ETF (FBDC) have volatilities of 5.35% and 5.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COLO | FBDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.35% | 5.25% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 19.44% | 14.76% | +4.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.43% | 18.32% | +5.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.31% | 17.91% | +5.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.37% | 17.91% | +7.46% |
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 4.34%, less than FBDC's 12.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COLO Global X MSCI Colombia ETF | 4.34% | 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 | 12.08% | 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 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COLO has higher volatility (5.35%) compared to FBDC (5.25%). In terms of maximum drawdown, COLO dropped -78.91% vs FBDC's -20.60%.
On 1-year performance, COLO leads with 65.61% vs -8.87% for FBDC. On fees, COLO is cheaper at 0.62% per year. On volatility, FBDC has been the lower-risk option at 5.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, COLO has performed better with a 65.61% return vs -8.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
COLO is cheaper with a 0.62% expense ratio, compared with 1.35% for FBDC.
FBDC has the higher dividend yield at 12.08%, compared with 4.34% 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.
COLO currently has the higher Sharpe Ratio (2.82 vs -0.49), 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.
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