FCG vs. BSMY
FCG (First Trust Natural Gas ETF) and BSMY (Invesco BulletShares 2034 Municipal Bond ETF) are both exchange-traded funds - FCG is a Energy Equities fund tracking the Nasdaq FactSet Natural Gas Index, while BSMY is a Municipal Bonds fund tracking the Invesco BulletShares USD Municipal Bond 2034 Index. Both are passively managed. Over the past year, FCG returned 31.20% vs 5.03% for BSMY. Their -0.16 correlation means they have often moved in opposite directions in the past. FCG charges 0.59%/yr vs 0.18%/yr for BSMY.
Performance
FCG vs. BSMY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FCG achieves a 26.67% return, which is significantly higher than BSMY's -0.26% return.
FCG
- 1D
- 1.91%
- 1M
- 11.01%
- 6M
- 15.79%
- YTD
- 26.67%
- 1Y
- 31.20%
- 3Y*
- 7.40%
- 5Y*
- 19.13%
- 10Y*
- 4.86%
- ALL TIME*
- -4.44%
BSMY
- 1D
- 0.05%
- 1M
- -2.43%
- 6M
- -1.21%
- YTD
- -0.26%
- 1Y
- 5.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $663.03K | $584.99K | $510.89K | |
| $18.46M | $17.58M | $23.74M |
FCG vs. BSMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FCG First Trust Natural Gas ETF | 26.67% | -2.28% | 8.27% |
BSMY Invesco BulletShares 2034 Municipal Bond ETF | -0.26% | 3.82% | -1.86% |
Correlation
The correlation between FCG and BSMY is -0.31, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.31 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2024 | -0.16 |
The correlation between FCG and BSMY shifts across timeframes, from -0.31 (1 year) to -0.16 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FCG vs. BSMY — Risk / Return Rank
FCG
BSMY
FCG vs. BSMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Natural Gas ETF (FCG) and Invesco BulletShares 2034 Municipal Bond ETF (BSMY). 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.
| FCG | BSMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.33 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.78 | -0.41 |
| Martin ratioReturn relative to average drawdown | 3.45 | 5.61 | -2.16 |
Loading charts...
Drawdowns
FCG vs. BSMY - Drawdown Comparison
The maximum FCG drawdown since its inception was -97.20%, which is greater than BSMY's maximum drawdown of -6.81%. Use the drawdown chart below to compare losses from any high point for FCG and BSMY.
Loading charts...
Drawdown Indicators
| FCG | BSMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.20% | -6.81% | -90.39% |
Max Drawdown (1Y)Largest decline over 1 year | -19.67% | -3.31% | -16.36% |
Max Drawdown (3Y)Largest decline over 3 years | -29.44% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.33% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -85.04% | — | — |
Current DrawdownCurrent decline from peak | -74.46% | -2.48% | -71.98% |
Average DrawdownAverage peak-to-trough decline | -65.45% | -1.89% | -63.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.87% | 1.05% | +6.82% |
Volatility
FCG vs. BSMY - Volatility Comparison
First Trust Natural Gas ETF (FCG) has a higher volatility of 8.83% compared to Invesco BulletShares 2034 Municipal Bond ETF (BSMY) at 1.15%. This indicates that FCG's price experiences larger fluctuations and is considered to be riskier than BSMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FCG | BSMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.83% | 1.15% | +7.68% |
Volatility (6M)Calculated over the trailing 6-month period | 21.32% | 2.86% | +18.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.51% | 3.60% | +23.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.08% | 5.13% | +27.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.24% | 5.13% | +33.11% |
FCG vs. BSMY - Expense Ratio Comparison
FCG has a 0.59% expense ratio, which is higher than BSMY's 0.18% expense ratio.
Dividends
FCG vs. BSMY - Dividend Comparison
FCG's dividend yield for the trailing twelve months is around 2.17%, less than BSMY's 3.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSMY Invesco BulletShares 2034 Municipal Bond ETF | 3.62% | 3.31% | 0.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FCG First Trust Natural Gas ETF | 2.17% | 2.86% | 2.76% | 3.25% | 3.04% | 1.73% | 3.82% | 2.87% | 1.46% | 1.56% | 1.70% | 4.79% |
Frequently Asked Questions
FCG and BSMY have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCG has higher volatility (8.83%) compared to BSMY (1.15%). In terms of maximum drawdown, FCG dropped -97.20% vs BSMY's -6.81%.
On 1-year performance, FCG leads with 31.20% vs 5.03% for BSMY. On fees, BSMY is cheaper at 0.18% per year. On volatility, BSMY has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FCG has performed better with a 31.20% return vs 5.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSMY is cheaper with a 0.18% expense ratio, compared with 0.59% for FCG.
BSMY has the higher dividend yield at 3.62%, compared with 2.17% for FCG.
FCG is categorized as Energy Equities, while BSMY is Municipal Bonds. FCG tracks Nasdaq FactSet Natural Gas Index, while BSMY tracks Invesco BulletShares USD Municipal Bond 2034 Index. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.59% for FCG and 0.18% for BSMY.
BSMY currently has the higher Sharpe Ratio (1.64 vs 0.98), 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.
Find the right allocation for FCG and BSMY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer