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FBT vs. FIW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FBT and FIW is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.6

Performance

FBT vs. FIW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Amex Biotechnology Index (FBT) and First Trust Water ETF (FIW). The values are adjusted to include any dividend payments, if applicable.

450.00%500.00%550.00%600.00%JulyAugustSeptemberOctoberNovemberDecember
570.41%
482.86%
FBT
FIW

Key characteristics

Sharpe Ratio

FBT:

0.61

FIW:

0.74

Sortino Ratio

FBT:

0.91

FIW:

1.12

Omega Ratio

FBT:

1.12

FIW:

1.13

Calmar Ratio

FBT:

0.46

FIW:

1.35

Martin Ratio

FBT:

2.16

FIW:

3.69

Ulcer Index

FBT:

4.81%

FIW:

3.08%

Daily Std Dev

FBT:

17.14%

FIW:

15.35%

Max Drawdown

FBT:

-40.51%

FIW:

-52.75%

Current Drawdown

FBT:

-8.59%

FIW:

-7.00%

Returns By Period

In the year-to-date period, FBT achieves a 5.45% return, which is significantly lower than FIW's 9.27% return. Over the past 10 years, FBT has underperformed FIW with an annualized return of 5.46%, while FIW has yielded a comparatively higher 12.63% annualized return.


FBT

YTD

5.45%

1M

1.05%

6M

9.20%

1Y

8.81%

5Y*

2.16%

10Y*

5.46%

FIW

YTD

9.27%

1M

-3.77%

6M

2.46%

1Y

10.05%

5Y*

12.25%

10Y*

12.63%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FBT vs. FIW - Expense Ratio Comparison

FBT has a 0.57% expense ratio, which is higher than FIW's 0.54% expense ratio.


FBT
First Trust Amex Biotechnology Index
Expense ratio chart for FBT: current value at 0.57% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.57%
Expense ratio chart for FIW: current value at 0.54% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.54%

Risk-Adjusted Performance

FBT vs. FIW - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Amex Biotechnology Index (FBT) and First Trust Water ETF (FIW). 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.


Sharpe ratio
The chart of Sharpe ratio for FBT, currently valued at 0.61, compared to the broader market0.002.004.000.610.74
The chart of Sortino ratio for FBT, currently valued at 0.91, compared to the broader market-2.000.002.004.006.008.0010.000.911.12
The chart of Omega ratio for FBT, currently valued at 1.12, compared to the broader market0.501.001.502.002.503.001.121.13
The chart of Calmar ratio for FBT, currently valued at 0.46, compared to the broader market0.005.0010.0015.000.461.35
The chart of Martin ratio for FBT, currently valued at 2.16, compared to the broader market0.0020.0040.0060.0080.00100.002.163.69
FBT
FIW

The current FBT Sharpe Ratio is 0.61, which is comparable to the FIW Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of FBT and FIW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
0.61
0.74
FBT
FIW

Dividends

FBT vs. FIW - Dividend Comparison

FBT's dividend yield for the trailing twelve months is around 0.71%, less than FIW's 0.89% yield.


TTM20232022202120202019201820172016201520142013
FBT
First Trust Amex Biotechnology Index
0.71%0.00%0.00%1.37%0.00%0.00%0.00%0.00%0.00%0.12%0.05%0.00%
FIW
First Trust Water ETF
0.69%0.68%0.67%0.37%0.56%0.55%0.73%1.13%0.51%0.76%0.75%0.63%

Drawdowns

FBT vs. FIW - Drawdown Comparison

The maximum FBT drawdown since its inception was -40.51%, smaller than the maximum FIW drawdown of -52.75%. Use the drawdown chart below to compare losses from any high point for FBT and FIW. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-8.59%
-7.00%
FBT
FIW

Volatility

FBT vs. FIW - Volatility Comparison

First Trust Amex Biotechnology Index (FBT) has a higher volatility of 5.93% compared to First Trust Water ETF (FIW) at 4.73%. This indicates that FBT's price experiences larger fluctuations and is considered to be riskier than FIW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
5.93%
4.73%
FBT
FIW
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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