FDRS vs. ESN

Last updated Jul 17, 2026

FDRS (Founder-Led ETF) and ESN (Essential 40 Stock ETF) are both Large Cap Blend Equities funds - FDRS tracks the Founder Led Index while ESN tracks the Essential 40 Stock Index. Both are passively managed. A 0.52 correlation means they provide meaningful diversification when combined. FDRS charges 0.49%/yr vs 0.70%/yr for ESN.

Performance

FDRS vs. ESN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Founder-Led ETF (FDRS) and Essential 40 Stock ETF (ESN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDRS achieves a -4.25% return, which is significantly lower than ESN's 15.85% return.

FDRS

• 1D: -2.05%
• 1M: -1.76%
• 6M: -2.91%
• YTD: -4.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ESN

• 1D: 0.30%
• 1M: 0.47%
• 6M: 11.01%
• YTD: 15.85%
• 1Y: 24.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDRS vs. ESN - Yearly Performance Comparison

	2026 (YTD)	2025
FDRS Founder-Led ETF	-4.25%	-1.34%
ESN Essential 40 Stock ETF	15.85%	-0.60%

Correlation

The correlation between FDRS and ESN is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 30, 2025	0.52

Return for Risk

FDRS vs. ESN — Risk / Return Rank

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

FDRS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ESN

ESN Risk / Return Rank: 89
ESN Sharpe Ratio Rank: 91
ESN Sortino Ratio Rank: 91
ESN Omega Ratio Rank: 88
ESN Calmar Ratio Rank: 86
ESN Martin Ratio Rank: 88

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.

FDRS vs. ESN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Founder-Led ETF (FDRS) and Essential 40 Stock ETF (ESN). 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.

	FDRS	ESN	Difference
Sharpe ratio: Return per unit of total volatility	—	2.48	—
Sortino ratio: Return per unit of downside risk	—	3.45	—
Omega ratio: Gain probability vs. loss probability	—	1.43	—
Calmar ratio: Return relative to maximum drawdown	—	3.81	—
Martin ratio: Return relative to average drawdown	—	14.93	—

Drawdowns

FDRS vs. ESN - Drawdown Comparison

The maximum FDRS drawdown since its inception was -21.77%, which is greater than ESN's maximum drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for FDRS and ESN.

Drawdown Indicators

	FDRS	ESN	Difference
Max Drawdown Largest peak-to-trough decline	-21.77%	-13.60%	-8.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.42%	—
Current Drawdown Current decline from peak	-8.81%	-0.96%	-7.85%
Average Drawdown Average peak-to-trough decline	-9.31%	-1.83%	-7.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.64%	—

Volatility

Volatility by Period

	FDRS	ESN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	29.23%	9.86%	+19.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.23%	13.10%	+16.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.23%	13.10%	+16.13%

FDRS vs. ESN - Expense Ratio Comparison

FDRS has a 0.49% expense ratio, which is lower than ESN's 0.70% expense ratio.

Dividends

FDRS vs. ESN - Dividend Comparison

FDRS has not paid dividends to shareholders, while ESN's dividend yield for the trailing twelve months is around 0.78%.

Position	TTM	2025	2024
ESN Essential 40 Stock ETF	0.78%	0.91%	0.76%
FDRS Founder-Led ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDRS and ESN in my portfolio?

FDRS and ESN have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FDRS or ESN?

On fees, FDRS is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FDRS or ESN?

FDRS is cheaper with a 0.49% expense ratio, compared with 0.70% for ESN.

Which ETF pays a higher dividend yield, FDRS or ESN?

ESN has the higher dividend yield at 0.78%, compared with 0.00% for FDRS.

What is the main difference between FDRS and ESN?

FDRS tracks Founder Led Index, while ESN tracks Essential 40 Stock Index. They also come from different issuers: Corgi Strategies and KKM Financial. Their fees differ too: 0.49% for FDRS and 0.70% for ESN.