FCBR.L vs. KROG.L
FCBR.L (First Trust Nasdaq Cybersecurity UCITS ETF Class A USD Accumulation) and KROG.L (Global X AgTech and Food Innovation UCITS ETF USD Accumulating) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from First Trust and Global X respectively. Both are passively managed. Over the past 3 years, FCBR.L returned 22.18%/yr vs -1.99%/yr for KROG.L. At a 0.37 correlation, their price movements are largely independent. FCBR.L charges 0.60%/yr vs 0.50%/yr for KROG.L.
Performance
FCBR.L vs. KROG.L - Performance Comparison
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Different Trading Currencies
FCBR.L is traded in GBp, while KROG.L is traded in GBP. To make them comparable, the KROG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FCBR.L achieves a 25.54% return, which is significantly higher than KROG.L's 15.55% return.
FCBR.L
- 1D
- -2.54%
- 1M
- 29.92%
- YTD
- 25.54%
- 6M
- 20.34%
- 1Y
- 22.73%
- 3Y*
- 22.18%
- 5Y*
- 15.80%
- 10Y*
- —
KROG.L
- 1D
- 0.42%
- 1M
- 0.42%
- YTD
- 15.55%
- 6M
- 13.48%
- 1Y
- 12.57%
- 3Y*
- -1.99%
- 5Y*
- —
- 10Y*
- —
FCBR.L vs. KROG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FCBR.L First Trust Nasdaq Cybersecurity UCITS ETF Class A USD Accumulation | 25.54% | -0.06% | 20.93% | 33.00% | -8.49% |
KROG.L Global X AgTech and Food Innovation UCITS ETF USD Accumulating | 15.55% | 0.36% | -6.89% | -26.89% | -14.07% |
Correlation
The correlation between FCBR.L and KROG.L is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.37 |
Over the past year, the correlation between FCBR.L and KROG.L has dropped to 0.09 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
FCBR.L vs. KROG.L — Risk / Return Rank
FCBR.L
KROG.L
FCBR.L vs. KROG.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 Global X AgTech and Food Innovation UCITS ETF USD Accumulating (KROG.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.
| FCBR.L | KROG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.15 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 1.52 | -0.59 |
| Martin ratioReturn relative to average drawdown | 2.13 | 3.05 | -0.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCBR.L | KROG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.80 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | -0.45 | +1.18 |
Drawdowns
FCBR.L vs. KROG.L - Drawdown Comparison
The maximum FCBR.L drawdown since its inception was -26.10%, smaller than the maximum KROG.L drawdown of -51.38%. Use the drawdown chart below to compare losses from any high point for FCBR.L and KROG.L.
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Drawdown Indicators
| FCBR.L | KROG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.10% | -51.38% | +25.28% |
Max Drawdown (1Y)Largest decline over 1 year | -24.30% | -8.21% | -16.09% |
Max Drawdown (3Y)Largest decline over 3 years | -25.43% | -28.00% | +2.57% |
Max Drawdown (5Y)Largest decline over 5 years | -26.10% | — | — |
Current DrawdownCurrent decline from peak | -3.10% | -38.55% | +35.45% |
Average DrawdownAverage peak-to-trough decline | -9.01% | -34.39% | +25.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.62% | 4.12% | +6.50% |
Volatility
FCBR.L vs. KROG.L - Volatility Comparison
First Trust Nasdaq Cybersecurity UCITS ETF Class A USD Accumulation (FCBR.L) has a higher volatility of 11.50% compared to Global X AgTech and Food Innovation UCITS ETF USD Accumulating (KROG.L) at 5.64%. This indicates that FCBR.L's price experiences larger fluctuations and is considered to be riskier than KROG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCBR.L | KROG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.50% | 5.64% | +5.86% |
Volatility (6M)Calculated over the trailing 6-month period | 21.74% | 12.21% | +9.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.76% | 15.69% | +9.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.88% | 19.47% | +3.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.82% | 19.47% | +3.35% |
FCBR.L vs. KROG.L - Expense Ratio Comparison
FCBR.L has a 0.60% expense ratio, which is higher than KROG.L's 0.50% expense ratio.
Dividends
FCBR.L vs. KROG.L - Dividend Comparison
Neither FCBR.L nor KROG.L has paid dividends to shareholders.
Frequently Asked Questions
FCBR.L and KROG.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KROG.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KROG.L is cheaper with a 0.50% expense ratio, compared with 0.60% for FCBR.L.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: First Trust and Global X. Their fees differ too: 0.60% for FCBR.L and 0.50% for KROG.L.
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