FCFY vs. RBIL

Last updated Jun 23, 2026

FCFY (First Trust S&P 500 Diversified Free Cash Flow ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - FCFY is a Large Cap Value Equities fund tracking the S&P 500 Sector-Neutral FCF Index - Benchmark TR Gross, while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. Both are passively managed. Over the past year, FCFY returned 13.16% vs 3.95% for RBIL. At a correlation of -0.10, they often move in opposite directions. FCFY charges 0.60%/yr vs 0.17%/yr for RBIL.

Performance

FCFY vs. RBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCFY achieves a -2.44% return, which is significantly lower than RBIL's 2.31% return.

FCFY

• 1D: 0.03%
• 1M: -3.87%
• YTD: -2.44%
• 6M: -3.70%
• 1Y: 13.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RBIL

• 1D: -0.05%
• 1M: -0.20%
• YTD: 2.31%
• 6M: 2.35%
• 1Y: 3.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FCFY vs. RBIL - Yearly Performance Comparison

	2026 (YTD)	2025
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF	-2.44%	12.96%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	2.31%	2.85%

Correlation

The correlation between FCFY and RBIL 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 (All Time) Calculated using the full available price history since Feb 25, 2025	-0.10

Return for Risk

FCFY vs. RBIL — Risk / Return Rank

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

FCFY

FCFY Risk / Return Rank: 23
FCFY Sharpe Ratio Rank: 23
FCFY Sortino Ratio Rank: 23
FCFY Omega Ratio Rank: 22
FCFY Calmar Ratio Rank: 24
FCFY Martin Ratio Rank: 23

RBIL

RBIL Risk / Return Rank: 97
RBIL Sharpe Ratio Rank: 97
RBIL Sortino Ratio Rank: 97
RBIL Omega Ratio Rank: 98
RBIL Calmar Ratio Rank: 95
RBIL Martin Ratio Rank: 97

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.

FCFY vs. RBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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.

	FCFY	RBIL	Difference
Sharpe ratio: Return per unit of total volatility	0.81	4.18	-3.37
Sortino ratio: Return per unit of downside risk	1.25	6.39	-5.14
Omega ratio: Gain probability vs. loss probability	1.15	2.06	-0.91
Calmar ratio: Return relative to maximum drawdown	1.11	7.59	-6.48
Martin ratio: Return relative to average drawdown	2.87	44.07	-41.20

FCFY vs. RBIL - Sharpe Ratio Comparison

The current FCFY Sharpe Ratio is 0.81, which is lower than the RBIL Sharpe Ratio of 4.18. The chart below compares the historical Sharpe Ratios of FCFY and RBIL, 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

FCFY vs. RBIL - Drawdown Comparison

The maximum FCFY drawdown since its inception was -21.36%, which is greater than RBIL's maximum drawdown of -0.52%. Use the drawdown chart below to compare losses from any high point for FCFY and RBIL.

Drawdown Indicators

	FCFY	RBIL	Difference
Max Drawdown Largest peak-to-trough decline	-21.36%	-0.52%	-20.84%
Max Drawdown (1Y) Largest decline over 1 year	-11.94%	-0.52%	-11.42%
Current Drawdown Current decline from peak	-7.42%	-0.51%	-6.91%
Average Drawdown Average peak-to-trough decline	-3.52%	-0.07%	-3.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.60%	0.09%	+4.51%

Volatility

FCFY vs. RBIL - Volatility Comparison

First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) has a higher volatility of 5.48% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.36%. This indicates that FCFY's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCFY	RBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.48%	0.36%	+5.12%
Volatility (6M) Calculated over the trailing 6-month period	11.57%	0.85%	+10.72%
Volatility (1Y) Calculated over the trailing 1-year period	16.36%	0.95%	+15.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.53%	1.07%	+16.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.53%	1.07%	+16.46%

FCFY vs. RBIL - Expense Ratio Comparison

FCFY has a 0.60% expense ratio, which is higher than RBIL's 0.17% expense ratio.

Dividends

FCFY vs. RBIL - Dividend Comparison

FCFY's dividend yield for the trailing twelve months is around 1.51%, less than RBIL's 4.38% yield.

Position	TTM	2025	2024	2023
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF	1.51%	1.48%	1.76%	0.73%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	4.38%	3.65%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FCFY and RBIL in my portfolio?

FCFY and RBIL 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.

Which is riskier, FCFY or RBIL?

FCFY has higher volatility (5.48%) compared to RBIL (0.36%). In terms of maximum drawdown, FCFY dropped -21.36% vs RBIL's -0.52%.

Which ETF is better, FCFY or RBIL?

On 1-year performance, FCFY leads with 13.16% vs 3.95% for RBIL. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FCFY or RBIL?

Over the 1-year period, FCFY has performed better with a 13.16% return vs 3.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FCFY or RBIL?

RBIL is cheaper with a 0.17% expense ratio, compared with 0.60% for FCFY.

Which ETF pays a higher dividend yield, FCFY or RBIL?

RBIL has the higher dividend yield at 4.38%, compared with 1.51% for FCFY.

What is the main difference between FCFY and RBIL?

FCFY is categorized as Large Cap Value Equities, while RBIL is Inflation-Protected Bonds. FCFY tracks S&P 500 Sector-Neutral FCF Index - Benchmark TR Gross, while RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index. They also come from different issuers: First Trust and F/m. Their fees differ too: 0.60% for FCFY and 0.17% for RBIL.

Which has better risk-adjusted returns?

RBIL currently has the higher Sharpe Ratio (4.18 vs 0.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.