FCBR.L vs. FGBL.L

Last updated Jul 16, 2026

FCBR.L (First Trust Nasdaq Cybersecurity UCITS ETF Class A USD Accumulation) and FGBL.L (First Trust Global Equity Income UCITS ETF Class A USD) are both exchange-traded funds - FCBR.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while FGBL.L is a Dividend fund tracking the First Trust Global Equity Income UCITS ETF Class A USD. Both are passively managed. Over the past 5 years, FCBR.L returned 14.26%/yr vs 12.77%/yr for FGBL.L. At a 0.30 correlation, their price movements are largely independent.

Performance

FCBR.L vs. FGBL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in First Trust Nasdaq Cybersecurity UCITS ETF Class A USD Accumulation (FCBR.L) and First Trust Global Equity Income UCITS ETF Class A USD (FGBL.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCBR.L achieves a 29.77% return, which is significantly higher than FGBL.L's 13.08% return.

FCBR.L

• 1D: -2.61%
• 1M: 8.04%
• 6M: 30.23%
• YTD: 29.77%
• 1Y: 25.33%
• 3Y*: 23.95%
• 5Y*: 14.26%
• 10Y*: —

FGBL.L

• 1D: -0.04%
• 1M: 0.91%
• 6M: 10.70%
• YTD: 13.08%
• 1Y: 28.79%
• 3Y*: 19.89%
• 5Y*: 12.77%
• 10Y*: 9.31%

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

FCBR.L vs. FGBL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FCBR.L First Trust Nasdaq Cybersecurity UCITS ETF Class A USD Accumulation	29.77%	-0.06%	20.93%	33.00%	-18.86%	21.41%	10,352.50%
FGBL.L First Trust Global Equity Income UCITS ETF Class A USD	13.08%	30.51%	6.22%	11.15%	3.62%	10.79%	10.47%

Correlation

The correlation between FCBR.L and FGBL.L is 0.10, 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	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since May 20, 2020	0.30

Over the past year, the correlation between FCBR.L and FGBL.L has dropped to 0.10 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.

Return for Risk

FCBR.L vs. FGBL.L — Risk / Return Rank

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

FCBR.L

FCBR.L Risk / Return Rank: 29
FCBR.L Sharpe Ratio Rank: 31
FCBR.L Sortino Ratio Rank: 32
FCBR.L Omega Ratio Rank: 34
FCBR.L Calmar Ratio Rank: 25
FCBR.L Martin Ratio Rank: 23

FGBL.L

FGBL.L Risk / Return Rank: 94
FGBL.L Sharpe Ratio Rank: 96
FGBL.L Sortino Ratio Rank: 95
FGBL.L Omega Ratio Rank: 95
FGBL.L Calmar Ratio Rank: 93
FGBL.L Martin Ratio Rank: 92

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.

FCBR.L vs. FGBL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Cybersecurity UCITS ETF Class A USD Accumulation (FCBR.L) and First Trust Global Equity Income UCITS ETF Class A USD (FGBL.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.

	FCBR.L	FGBL.L	Difference
Sharpe ratio: Return per unit of total volatility	0.96	3.17	-2.21
Sortino ratio: Return per unit of downside risk	1.47	4.28	-2.81
Omega ratio: Gain probability vs. loss probability	1.19	1.57	-0.38
Calmar ratio: Return relative to maximum drawdown	1.04	5.20	-4.17
Martin ratio: Return relative to average drawdown	2.34	18.15	-15.81

FCBR.L vs. FGBL.L - Sharpe Ratio Comparison

The current FCBR.L Sharpe Ratio is 0.96, which is lower than the FGBL.L Sharpe Ratio of 3.17. The chart below compares the historical Sharpe Ratios of FCBR.L and FGBL.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCBR.L vs. FGBL.L - Drawdown Comparison

The maximum FCBR.L drawdown since its inception was -26.10%, smaller than the maximum FGBL.L drawdown of -40.36%. Use the drawdown chart below to compare losses from any high point for FCBR.L and FGBL.L.

Drawdown Indicators

	FCBR.L	FGBL.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.10%	-40.36%	+14.26%
Max Drawdown (1Y) Largest decline over 1 year	-24.30%	-5.68%	-18.62%
Max Drawdown (3Y) Largest decline over 3 years	-25.43%	-12.45%	-12.98%
Max Drawdown (5Y) Largest decline over 5 years	-26.10%	-12.45%	-13.65%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.44%	—
Current Drawdown Current decline from peak	-2.61%	-0.63%	-1.98%
Average Drawdown Average peak-to-trough decline	-9.35%	-8.01%	-1.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.82%	1.63%	+9.19%

Volatility

FCBR.L vs. FGBL.L - Volatility Comparison

First Trust Nasdaq Cybersecurity UCITS ETF Class A USD Accumulation (FCBR.L) has a higher volatility of 8.56% compared to First Trust Global Equity Income UCITS ETF Class A USD (FGBL.L) at 2.12%. This indicates that FCBR.L's price experiences larger fluctuations and is considered to be riskier than FGBL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCBR.L	FGBL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.56%	2.12%	+6.44%
Volatility (6M) Calculated over the trailing 6-month period	23.22%	7.11%	+16.11%
Volatility (1Y) Calculated over the trailing 1-year period	26.31%	9.36%	+16.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.58%	11.86%	+14.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3,258.37%	13.92%	+3,244.45%

Dividends

FCBR.L vs. FGBL.L - Dividend Comparison

Neither FCBR.L nor FGBL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FCBR.L and FGBL.L in my portfolio?

FCBR.L and FGBL.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between FCBR.L and FGBL.L?

FCBR.L is categorized as Technology Equities, while FGBL.L is Dividend. FCBR.L tracks MSCI World/Information Tech NR USD, while FGBL.L tracks First Trust Global Equity Income UCITS ETF Class A USD.