FBT.L vs. FTFX.L
FBT.L (First Trust NYSE Arca Biotechnology UCITS ETF Acc) and FTFX.L (First Trust FactorFX UCITS ETF Class A USD) are both exchange-traded funds - FBT.L is a Health & Biotech Equities fund tracking the NASDAQ Biotechnology TR USD, while FTFX.L is a Global Equities fund tracking the First Trust FactorFX UCITS ETF Class A USD. Both are passively managed. Over the past 5 years, FBT.L returned 8.78%/yr vs 6.12%/yr for FTFX.L. At a 0.13 correlation, their price movements are largely independent.
Performance
FBT.L vs. FTFX.L - Performance Comparison
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Different Trading Currencies
FBT.L is traded in GBp, while FTFX.L is traded in USD. To make them comparable, the FTFX.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FBT.L achieves a 17.27% return, which is significantly higher than FTFX.L's 5.43% return.
FBT.L
- 1D
- -0.19%
- 1M
- 8.27%
- 6M
- 14.75%
- YTD
- 17.27%
- 1Y
- 49.02%
- 3Y*
- 15.75%
- 5Y*
- 8.78%
- 10Y*
- —
FTFX.L
- 1D
- 0.00%
- 1M
- 0.41%
- 6M
- 5.10%
- YTD
- 5.43%
- 1Y
- 8.27%
- 3Y*
- 5.29%
- 5Y*
- 6.12%
- 10Y*
- —
FBT.L vs. FTFX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FBT.L First Trust NYSE Arca Biotechnology UCITS ETF Acc | 17.27% | 17.28% | 6.52% | -1.81% | 5.32% | -2.57% | 7,473.50% |
FTFX.L First Trust FactorFX UCITS ETF Class A USD | 5.43% | 0.44% | 9.81% | 4.47% | 10.62% | -2.51% | -5.66% |
Correlation
The correlation between FBT.L and FTFX.L is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since May 20, 2020 | 0.13 |
The correlation between FBT.L and FTFX.L shifts across timeframes, from 0.02 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FBT.L vs. FTFX.L — Risk / Return Rank
FBT.L
FTFX.L
FBT.L vs. FTFX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust NYSE Arca Biotechnology UCITS ETF Acc (FBT.L) and First Trust FactorFX UCITS ETF Class A USD (FTFX.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.
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.
| FBT.L | FTFX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.17 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | 1.94 | +1.59 |
| Martin ratioReturn relative to average drawdown | 9.57 | 5.22 | +4.36 |
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Drawdowns
FBT.L vs. FTFX.L - Drawdown Comparison
The maximum FBT.L drawdown since its inception was -30.39%, which is greater than FTFX.L's maximum drawdown of -15.71%. Use the drawdown chart below to compare losses from any high point for FBT.L and FTFX.L.
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Drawdown Indicators
| FBT.L | FTFX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.39% | -15.71% | -14.68% |
Max Drawdown (1Y)Largest decline over 1 year | -13.81% | -4.14% | -9.67% |
Max Drawdown (3Y)Largest decline over 3 years | -24.59% | -11.41% | -13.18% |
Max Drawdown (5Y)Largest decline over 5 years | -24.59% | -12.32% | -12.27% |
Current DrawdownCurrent decline from peak | -4.56% | -1.76% | -2.80% |
Average DrawdownAverage peak-to-trough decline | -13.21% | -6.07% | -7.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 1.54% | +3.57% |
Volatility
FBT.L vs. FTFX.L - Volatility Comparison
First Trust NYSE Arca Biotechnology UCITS ETF Acc (FBT.L) has a higher volatility of 6.25% compared to First Trust FactorFX UCITS ETF Class A USD (FTFX.L) at 2.00%. This indicates that FBT.L's price experiences larger fluctuations and is considered to be riskier than FTFX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBT.L | FTFX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.25% | 2.00% | +4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 15.78% | 6.60% | +9.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.92% | 8.85% | +12.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.80% | 10.77% | +13.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,210.80% | 10.08% | +3,200.72% |
Dividends
FBT.L vs. FTFX.L - Dividend Comparison
Neither FBT.L nor FTFX.L has paid dividends to shareholders.
Frequently Asked Questions
FBT.L and FTFX.L have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBT.L is categorized as Health & Biotech Equities, while FTFX.L is Global Equities. FBT.L tracks NASDAQ Biotechnology TR USD, while FTFX.L tracks First Trust FactorFX UCITS ETF Class A USD.
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