EEDG.L vs. CAPS.L

Last updated Jun 4, 2026

EEDG.L (iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist)) and CAPS.L (First Trust Capital Strength UCITS ETF Acc) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from iShares and First Trust respectively. Both are passively managed. Over the past 5 years, EEDG.L returned 12.97%/yr vs 6.26%/yr for CAPS.L. A 0.66 correlation means they provide meaningful diversification when combined. EEDG.L charges 0.07%/yr vs 0.60%/yr for CAPS.L.

Performance

EEDG.L vs. CAPS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist) (EEDG.L) and First Trust Capital Strength UCITS ETF Acc (CAPS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EEDG.L is traded in GBP, while CAPS.L is traded in GBp. To make them comparable, the CAPS.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, EEDG.L achieves a 9.54% return, which is significantly higher than CAPS.L's -0.55% return.

EEDG.L

• 1D: -0.27%
• 1M: 6.08%
• YTD: 9.54%
• 6M: 9.26%
• 1Y: 26.67%
• 3Y*: 17.83%
• 5Y*: 12.97%
• 10Y*: —

CAPS.L

• 1D: 0.73%
• 1M: -0.30%
• YTD: -0.55%
• 6M: -0.38%
• 1Y: 3.20%
• 3Y*: 6.55%
• 5Y*: 6.26%
• 10Y*: —

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

EEDG.L vs. CAPS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EEDG.L iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist)	9.54%	7.08%	26.20%	19.31%	-12.31%	19.08%
CAPS.L First Trust Capital Strength UCITS ETF Acc	-0.55%	-0.65%	12.99%	2.23%	0.10%	19.38%

Correlation

The correlation between EEDG.L and CAPS.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	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jun 3, 2021	0.66

Over the past year, the correlation between EEDG.L and CAPS.L has dropped to 0.35 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.

Return for Risk

EEDG.L vs. CAPS.L — Risk / Return Rank

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

EEDG.L

EEDG.L Risk / Return Rank: 70
EEDG.L Sharpe Ratio Rank: 76
EEDG.L Sortino Ratio Rank: 74
EEDG.L Omega Ratio Rank: 76
EEDG.L Calmar Ratio Rank: 63
EEDG.L Martin Ratio Rank: 60

CAPS.L

CAPS.L Risk / Return Rank: 13
CAPS.L Sharpe Ratio Rank: 14
CAPS.L Sortino Ratio Rank: 13
CAPS.L Omega Ratio Rank: 13
CAPS.L Calmar Ratio Rank: 13
CAPS.L Martin Ratio Rank: 14

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.

EEDG.L vs. CAPS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist) (EEDG.L) and First Trust Capital Strength UCITS ETF Acc (CAPS.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.

	EEDG.L	CAPS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.46	0.33	+2.13
Sortino ratio: Return per unit of downside risk	3.32	0.55	+2.77
Omega ratio: Gain probability vs. loss probability	1.45	1.06	+0.39
Calmar ratio: Return relative to maximum drawdown	3.07	0.36	+2.71
Martin ratio: Return relative to average drawdown	10.55	1.02	+9.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EEDG.L vs. CAPS.L - Sharpe Ratio Comparison

The current EEDG.L Sharpe Ratio is 2.46, which is higher than the CAPS.L Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of EEDG.L and CAPS.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EEDG.L	CAPS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	0.33	+2.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.33	+0.56
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	0.33	+0.72

Drawdowns

EEDG.L vs. CAPS.L - Drawdown Comparison

The maximum EEDG.L drawdown since its inception was -21.95%, roughly equal to the maximum CAPS.L drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for EEDG.L and CAPS.L.

Drawdown Indicators

	EEDG.L	CAPS.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.95%	-22.86%	+0.91%
Max Drawdown (1Y) Largest decline over 1 year	-8.65%	-8.95%	+0.30%
Max Drawdown (3Y) Largest decline over 3 years	-21.95%	-22.86%	+0.91%
Max Drawdown (5Y) Largest decline over 5 years	-21.95%	-22.86%	+0.91%
Current Drawdown Current decline from peak	-0.27%	-16.47%	+16.20%
Average Drawdown Average peak-to-trough decline	-4.16%	-10.21%	+6.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	3.14%	-0.62%

Volatility

EEDG.L vs. CAPS.L - Volatility Comparison

The current volatility for iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist) (EEDG.L) is 2.65%, while First Trust Capital Strength UCITS ETF Acc (CAPS.L) has a volatility of 3.70%. This indicates that EEDG.L experiences smaller price fluctuations and is considered to be less risky than CAPS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EEDG.L	CAPS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	3.70%	-1.05%
Volatility (6M) Calculated over the trailing 6-month period	7.32%	7.09%	+0.23%
Volatility (1Y) Calculated over the trailing 1-year period	10.89%	9.78%	+1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.67%	19.27%	-4.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.20%	19.27%	-4.07%

EEDG.L vs. CAPS.L - Expense Ratio Comparison

EEDG.L has a 0.07% expense ratio, which is lower than CAPS.L's 0.60% expense ratio.

Dividends

EEDG.L vs. CAPS.L - Dividend Comparison

EEDG.L's dividend yield for the trailing twelve months is around 0.81%, while CAPS.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
CAPS.L First Trust Capital Strength UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EEDG.L iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist)	0.81%	0.88%	0.99%	1.15%	1.39%	1.00%	1.30%

Frequently Asked Questions

Can I hold both EEDG.L and CAPS.L in my portfolio?

EEDG.L and CAPS.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.

Which ETF is better, EEDG.L or CAPS.L?

On fees, EEDG.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EEDG.L or CAPS.L?

EEDG.L is cheaper with a 0.07% expense ratio, compared with 0.60% for CAPS.L.

What is the main difference between EEDG.L and CAPS.L?

Both ETFs track Russell 1000 TR USD. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.07% for EEDG.L and 0.60% for CAPS.L.