FBDC vs. COLO

Last updated Jun 5, 2026

FBDC (FT Confluence BDC & Specialty Finance Income ETF) and COLO (Global X MSCI Colombia ETF) are both exchange-traded funds - FBDC is a Financials Equities fund actively managed by First Trust, while COLO is a Latin America Equities fund tracking the MSCI All Colombia Select 25/50 Index. FBDC is actively managed, while COLO is passively managed. At a 0.20 correlation, their price movements are largely independent. FBDC charges 1.35%/yr vs 0.62%/yr for COLO.

Performance

FBDC vs. COLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Confluence BDC & Specialty Finance Income ETF (FBDC) and Global X MSCI Colombia ETF (COLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBDC achieves a -7.17% return, which is significantly lower than COLO's 14.76% return.

FBDC

• 1D: 2.59%
• 1M: -5.28%
• YTD: -7.17%
• 6M: -8.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

COLO

• 1D: 0.54%
• 1M: 7.66%
• YTD: 14.76%
• 6M: 13.54%
• 1Y: 48.83%
• 3Y*: 34.10%
• 5Y*: 14.46%
• 10Y*: 6.22%

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

FBDC vs. COLO - Yearly Performance Comparison

	2026 (YTD)	2025
FBDC FT Confluence BDC & Specialty Finance Income ETF	-7.17%	-2.43%
COLO Global X MSCI Colombia ETF	14.76%	29.74%

Correlation

The correlation between FBDC and COLO 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

Return for Risk

FBDC vs. COLO — Risk / Return Rank

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

COLO

COLO Risk / Return Rank: 61
COLO Sharpe Ratio Rank: 68
COLO Sortino Ratio Rank: 67
COLO Omega Ratio Rank: 65
COLO Calmar Ratio Rank: 57
COLO Martin Ratio Rank: 46

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.

FBDC vs. COLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Confluence BDC & Specialty Finance Income ETF (FBDC) and Global X MSCI Colombia ETF (COLO). 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.

Sharpe Ratios by Period

	FBDC	COLO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.21	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.63	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.56	0.22	-0.78

Drawdowns

FBDC vs. COLO - Drawdown Comparison

The maximum FBDC drawdown since its inception was -20.60%, smaller than the maximum COLO drawdown of -78.91%. Use the drawdown chart below to compare losses from any high point for FBDC and COLO.

Drawdown Indicators

	FBDC	COLO	Difference
Max Drawdown Largest peak-to-trough decline	-20.60%	-78.91%	+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 Drawdown Current decline from peak	-15.10%	-22.10%	+7.00%
Average Drawdown Average peak-to-trough decline	-10.16%	-40.31%	+30.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.50%	—

Volatility

Volatility by Period

	FBDC	COLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.65%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.22%	22.20%	-3.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.22%	23.19%	-4.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.22%	25.43%	-7.21%

FBDC vs. COLO - Expense Ratio Comparison

FBDC has a 1.35% expense ratio, which is higher than COLO's 0.62% expense ratio.

Dividends

FBDC vs. COLO - Dividend Comparison

FBDC's dividend yield for the trailing twelve months is around 11.23%, more than COLO's 6.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COLO Global X MSCI Colombia ETF	6.54%	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	11.23%	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

Can I hold both FBDC and COLO in my portfolio?

FBDC and COLO 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.

Which ETF is better, FBDC or COLO?

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.

Which ETF is cheaper, FBDC or COLO?

COLO is cheaper with a 0.62% expense ratio, compared with 1.35% for FBDC.

Which ETF pays a higher dividend yield, FBDC or COLO?

FBDC has the higher dividend yield at 11.23%, compared with 6.54% for COLO.

What is the main difference between FBDC and COLO?

FBDC is categorized as Financials Equities, while COLO is Latin America Equities. They also come from different issuers: First Trust and Global X. Their fees differ too: 1.35% for FBDC and 0.62% for COLO.