ESBG vs. AHLT

Last updated Jul 14, 2026

ESBG (First Trust Enhanced Stocks, Bonds & Gold ETF) and AHLT (American Beacon AHL Trend ETF) are both exchange-traded funds - ESBG is a Tactical Allocation fund actively managed by First Trust, while AHLT is a Systematic Trend fund actively managed by American Beacon. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.

Performance

ESBG vs. AHLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG) and American Beacon AHL Trend ETF (AHLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESBG achieves a -2.86% return, which is significantly lower than AHLT's 10.08% return.

ESBG

• 1D: -2.33%
• 1M: -2.85%
• 6M: -8.17%
• YTD: -2.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AHLT

• 1D: 0.75%
• 1M: 0.46%
• 6M: 2.98%
• YTD: 10.08%
• 1Y: 28.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ESBG vs. AHLT - Yearly Performance Comparison

	2026 (YTD)	2025
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF	-2.86%	5.67%
AHLT American Beacon AHL Trend ETF	10.08%	8.64%

Correlation

The correlation between ESBG and AHLT is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	0.51

Return for Risk

ESBG vs. AHLT — Risk / Return Rank

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

ESBG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

AHLT

AHLT Risk / Return Rank: 65
AHLT Sharpe Ratio Rank: 63
AHLT Sortino Ratio Rank: 56
AHLT Omega Ratio Rank: 62
AHLT Calmar Ratio Rank: 82
AHLT Martin Ratio Rank: 63

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.

ESBG vs. AHLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG) and American Beacon AHL Trend ETF (AHLT). 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.

	ESBG	AHLT	Difference
Sharpe ratio: Return per unit of total volatility	—	1.65	—
Sortino ratio: Return per unit of downside risk	—	2.15	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	3.51	—
Martin ratio: Return relative to average drawdown	—	8.93	—

Drawdowns

ESBG vs. AHLT - Drawdown Comparison

The maximum ESBG drawdown since its inception was -18.84%, smaller than the maximum AHLT drawdown of -20.18%. Use the drawdown chart below to compare losses from any high point for ESBG and AHLT.

Drawdown Indicators

	ESBG	AHLT	Difference
Max Drawdown Largest peak-to-trough decline	-18.84%	-20.18%	+1.34%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.26%	—
Current Drawdown Current decline from peak	-17.63%	-2.87%	-14.76%
Average Drawdown Average peak-to-trough decline	-7.74%	-9.16%	+1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.24%	—

Volatility

Volatility by Period

	ESBG	AHLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.01%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.63%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.71%	17.61%	+8.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.71%	17.31%	+8.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.71%	17.31%	+8.40%

ESBG vs. AHLT - Expense Ratio Comparison

Both ESBG and AHLT have an expense ratio of 0.95%.

Dividends

ESBG vs. AHLT - Dividend Comparison

ESBG's dividend yield for the trailing twelve months is around 1.12%, less than AHLT's 1.54% yield.

Position	TTM	2025	2024	2023
AHLT American Beacon AHL Trend ETF	1.54%	1.70%	0.00%	3.72%
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF	1.12%	0.24%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ESBG and AHLT in my portfolio?

ESBG and AHLT have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESBG or AHLT?

Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESBG or AHLT?

ESBG and AHLT have the same expense ratio: 0.95% per year.

Which ETF pays a higher dividend yield, ESBG or AHLT?

AHLT has the higher dividend yield at 1.54%, compared with 1.12% for ESBG.

What is the main difference between ESBG and AHLT?

ESBG is categorized as Tactical Allocation, while AHLT is Systematic Trend. They also come from different issuers: First Trust and American Beacon.