FFA vs. FCT
FFA (First Trust Enhanced Equity Income Fund) and FCT (First Trust Senior Floating Rate Income Fund II) are both mutual funds - FFA is a Derivative Income fund actively managed by First Trust, while FCT is a Bank Loan fund managed by First Trust. Over the past 10 years, FFA returned 13.30%/yr vs 5.85%/yr for FCT. Their 0.34 correlation means their historical movements had little consistent relationship. FFA charges 1.22%/yr vs 0.03%/yr for FCT.
Performance
FFA vs. FCT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FFA achieves a 6.07% return, which is significantly higher than FCT's 2.55% return. Over the past 10 years, FFA has outperformed FCT with an annualized return of 13.30%, while FCT has yielded a comparatively lower 5.85% annualized return.
FFA
- 1D
- -0.13%
- 1M
- 0.45%
- 6M
- 6.38%
- YTD
- 6.07%
- 1Y
- 17.83%
- 3Y*
- 15.09%
- 5Y*
- 9.35%
- 10Y*
- 13.30%
- ALL TIME*
- 8.80%
FCT
- 1D
- 0.00%
- 1M
- 0.52%
- 6M
- 1.26%
- YTD
- 2.55%
- 1Y
- 6.56%
- 3Y*
- 10.77%
- 5Y*
- 5.51%
- 10Y*
- 5.85%
- ALL TIME*
- 4.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $921.96K | $1.50M | $1.20M | |
| $454.84K | $474.22K | $602.29K |
FFA vs. FCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFA First Trust Enhanced Equity Income Fund | 6.07% | 14.23% | 21.46% | 24.73% | -20.26% | 28.69% | 10.82% | 43.35% | -13.93% | 28.97% |
FCT First Trust Senior Floating Rate Income Fund II | 2.55% | 9.24% | 14.91% | 18.06% | -14.54% | 13.72% | 2.73% | 20.13% | -8.07% | -1.07% |
Correlation
The correlation between FFA and FCT is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2004 | 0.34 |
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
FFA vs. FCT — Risk / Return Rank
FFA
FCT
FFA vs. FCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Enhanced Equity Income Fund (FFA) and First Trust Senior Floating Rate Income Fund II (FCT). 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.
| FFA | FCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.16 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.16 | +0.43 |
| Martin ratioReturn relative to average drawdown | 6.94 | 3.03 | +3.91 |
Loading charts...
Drawdowns
FFA vs. FCT - Drawdown Comparison
The maximum FFA drawdown since its inception was -57.51%, smaller than the maximum FCT drawdown of -67.23%. Use the drawdown chart below to compare losses from any high point for FFA and FCT.
Loading charts...
Drawdown Indicators
| FFA | FCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.51% | -67.23% | +9.72% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -5.04% | -5.11% |
Max Drawdown (3Y)Largest decline over 3 years | -19.94% | -11.61% | -8.33% |
Max Drawdown (5Y)Largest decline over 5 years | -29.96% | -23.86% | -6.10% |
Max Drawdown (10Y)Largest decline over 10 years | -44.35% | -39.88% | -4.47% |
Current DrawdownCurrent decline from peak | -1.14% | -0.10% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -8.37% | -8.91% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 1.93% | +0.40% |
Volatility
FFA vs. FCT - Volatility Comparison
First Trust Enhanced Equity Income Fund (FFA) has a higher volatility of 2.38% compared to First Trust Senior Floating Rate Income Fund II (FCT) at 0.64%. This indicates that FFA's price experiences larger fluctuations and is considered to be riskier than FCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FFA | FCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | 0.64% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.95% | 4.14% | +5.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.42% | 8.42% | +4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 11.94% | +5.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 13.28% | +6.43% |
FFA vs. FCT - Expense Ratio Comparison
FFA has a 1.22% expense ratio, which is higher than FCT's 0.03% expense ratio.
Dividends
FFA vs. FCT - Dividend Comparison
FFA's dividend yield for the trailing twelve months is around 6.88%, less than FCT's 11.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCT First Trust Senior Floating Rate Income Fund II | 10.89% | 11.56% | 11.25% | 10.62% | 9.03% | 9.23% | 9.88% | 6.60% | 6.49% | 6.16% | 6.11% | 7.17% |
FFA First Trust Enhanced Equity Income Fund | 6.88% | 6.70% | 6.59% | 6.90% | 7.99% | 5.92% | 6.47% | 6.61% | 8.82% | 6.83% | 7.07% | 7.12% |
Frequently Asked Questions
FFA and FCT have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FFA has higher volatility (2.38%) compared to FCT (0.64%). In terms of maximum drawdown, FFA dropped -57.51% vs FCT's -67.23%.
FFA currently has the higher Sharpe Ratio (1.30 vs 0.69), 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 FFA and FCT
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