ESBG vs. AHLT
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 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.
Performance
ESBG vs. AHLT - Performance Comparison
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Returns By Period
In the year-to-date period, ESBG achieves a 5.96% return, which is significantly lower than AHLT's 12.40% return.
ESBG
- 1D
- 0.79%
- 1M
- 1.11%
- YTD
- 5.96%
- 6M
- 7.17%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AHLT
- 1D
- -0.02%
- 1M
- 2.27%
- YTD
- 12.40%
- 6M
- 17.01%
- 1Y
- 37.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESBG vs. AHLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF | 5.96% | 5.72% |
AHLT American Beacon AHL Trend ETF | 12.40% | 7.64% |
Correlation
The correlation between ESBG and AHLT is 0.52, 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 20, 2025 | 0.52 |
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Return for Risk
ESBG vs. AHLT — Risk / Return Rank
ESBG
AHLT
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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| ESBG | AHLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.48 | +0.47 |
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.
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Drawdown Indicators
| ESBG | AHLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.84% | -20.18% | +1.34% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.26% | — |
Current DrawdownCurrent decline from peak | -10.14% | -0.82% | -9.32% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -9.38% | +3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.05% | — |
Volatility
ESBG vs. AHLT - Volatility Comparison
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Volatility by Period
| ESBG | AHLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.59% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.12% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.19% | 17.09% | +8.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.19% | 17.36% | +7.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.19% | 17.36% | +7.83% |
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 0.57%, less than AHLT's 1.51% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AHLT American Beacon AHL Trend ETF | 1.51% | 1.70% | 0.00% | 3.72% |
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF | 0.57% | 0.24% | 0.00% | 0.00% |
Frequently Asked Questions
ESBG and AHLT have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ESBG and AHLT have the same expense ratio: 0.95% per year.
AHLT has the higher dividend yield at 1.51%, compared with 0.57% for ESBG.
ESBG is categorized as Tactical Allocation, while AHLT is Systematic Trend. They also come from different issuers: First Trust and American Beacon.
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