FBDC vs. IXG
FBDC (FT Confluence BDC & Specialty Finance Income ETF) and IXG (iShares Global Financials ETF) are both Financials Equities funds. FBDC is actively managed, while IXG is passively managed. Over the past year, FBDC returned -11.30% vs 21.85% for IXG. At a 0.48 correlation, their price movements are largely independent. FBDC charges 1.35%/yr vs 0.46%/yr for IXG.
Performance
FBDC vs. IXG - Performance Comparison
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Returns By Period
In the year-to-date period, FBDC achieves a -4.10% return, which is significantly lower than IXG's 10.65% return.
FBDC
- 1D
- 1.74%
- 1M
- 4.48%
- 6M
- -6.58%
- YTD
- -4.10%
- 1Y
- -11.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IXG
- 1D
- 0.18%
- 1M
- 4.72%
- 6M
- 9.76%
- YTD
- 10.65%
- 1Y
- 21.85%
- 3Y*
- 24.65%
- 5Y*
- 14.77%
- 10Y*
- 13.17%
FBDC vs. IXG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FBDC FT Confluence BDC & Specialty Finance Income ETF | -4.10% | -2.66% |
IXG iShares Global Financials ETF | 10.65% | 10.28% |
Correlation
The correlation between FBDC and IXG is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025 | 0.48 |
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Return for Risk
FBDC vs. IXG — Risk / Return Rank
FBDC
IXG
FBDC vs. IXG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Confluence BDC & Specialty Finance Income ETF (FBDC) and iShares Global Financials ETF (IXG). 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.
| FBDC | IXG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -3.11 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.27 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | 1.94 | -2.49 |
| Martin ratioReturn relative to average drawdown | -0.93 | 6.84 | -7.76 |
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Drawdowns
FBDC vs. IXG - Drawdown Comparison
The maximum FBDC drawdown since its inception was -20.60%, smaller than the maximum IXG drawdown of -78.42%. Use the drawdown chart below to compare losses from any high point for FBDC and IXG.
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Drawdown Indicators
| FBDC | IXG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.60% | -78.42% | +57.82% |
Max Drawdown (1Y)Largest decline over 1 year | -20.60% | -11.33% | -9.27% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.54% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.20% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.47% | — |
Current DrawdownCurrent decline from peak | -12.29% | 0.00% | -12.29% |
Average DrawdownAverage peak-to-trough decline | -10.74% | -19.66% | +8.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.23% | 3.20% | +9.03% |
Volatility
FBDC vs. IXG - Volatility Comparison
FT Confluence BDC & Specialty Finance Income ETF (FBDC) has a higher volatility of 4.45% compared to iShares Global Financials ETF (IXG) at 3.42%. This indicates that FBDC's price experiences larger fluctuations and is considered to be riskier than IXG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBDC | IXG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.45% | 3.42% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 14.59% | 11.31% | +3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.06% | 13.87% | +4.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 17.29% | +0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 19.85% | -1.99% |
FBDC vs. IXG - Expense Ratio Comparison
FBDC has a 1.35% expense ratio, which is higher than IXG's 0.46% expense ratio.
Dividends
FBDC vs. IXG - Dividend Comparison
FBDC's dividend yield for the trailing twelve months is around 11.99%, more than IXG's 2.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBDC FT Confluence BDC & Specialty Finance Income ETF | 11.99% | 5.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IXG iShares Global Financials ETF | 2.15% | 2.04% | 2.64% | 2.62% | 3.71% | 1.69% | 2.13% | 2.87% | 3.14% | 2.12% | 2.21% | 2.79% |
Frequently Asked Questions
FBDC and IXG have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBDC has higher volatility (4.45%) compared to IXG (3.42%). In terms of maximum drawdown, FBDC dropped -20.60% vs IXG's -78.42%.
On 1-year performance, IXG leads with 21.85% vs -11.30% for FBDC. On fees, IXG is cheaper at 0.46% per year. On volatility, IXG has been the lower-risk option at 3.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IXG has performed better with a 21.85% return vs -11.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IXG is cheaper with a 0.46% expense ratio, compared with 1.35% for FBDC.
FBDC has the higher dividend yield at 11.99%, compared with 2.15% for IXG.
They also come from different issuers: First Trust and iShares. Their fees differ too: 1.35% for FBDC and 0.46% for IXG.
IXG currently has the higher Sharpe Ratio (1.58 vs -0.63), 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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