FBT vs. FIW
Compare and contrast key facts about First Trust Amex Biotechnology Index (FBT) and First Trust Water ETF (FIW).
FBT and FIW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBT is a passively managed fund by First Trust that tracks the performance of the NYSE Arca Biotechnology Index. It was launched on Jun 23, 2006. FIW is a passively managed fund by First Trust that tracks the performance of the ISE Clean Edge Water Index. It was launched on May 8, 2007. Both FBT and FIW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBT or FIW.
Key characteristics
| FBT | FIW | |
|---|---|---|
| YTD Return | -7.79% | 6.05% |
| 1Y Return | -5.12% | 23.34% |
| 3Y Return (Ann) | -3.47% | 7.68% |
| 5Y Return (Ann) | 1.60% | 14.70% |
| 10Y Return (Ann) | 7.20% | 12.42% |
| Sharpe Ratio | -0.22 | 1.58 |
| Daily Std Dev | 17.47% | 15.05% |
| Max Drawdown | -40.51% | -52.75% |
| Current Drawdown | -20.06% | -1.62% |
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.
Performance
FBT vs. FIW - Performance Comparison
In the year-to-date period, FBT achieves a -7.79% return, which is significantly lower than FIW's 6.05% return. Over the past 10 years, FBT has underperformed FIW with an annualized return of 7.20%, while FIW has yielded a comparatively higher 12.42% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FBT vs. FIW - Expense Ratio Comparison
FBT has a 0.57% expense ratio, which is higher than FIW's 0.54% expense ratio.
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.
Dividends
FBT vs. FIW - Dividend Comparison
FBT has not paid dividends to shareholders, while FIW's dividend yield for the trailing twelve months is around 0.64%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBT First Trust Amex Biotechnology Index | 0.00% | 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 | 0.64% | 0.68% | 0.67% | 0.37% | 0.56% | 0.55% | 0.73% | 1.13% | 0.51% | 0.76% | 0.75% | 0.62% |
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.
Volatility
FBT vs. FIW - Volatility Comparison
First Trust Amex Biotechnology Index (FBT) has a higher volatility of 5.22% compared to First Trust Water ETF (FIW) at 3.88%. 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.