FGBL.L vs. BLOK.L
FGBL.L (First Trust Global Equity Income UCITS ETF Class A USD) and BLOK.L (First Trust Indxx Innovative Transaction & Process UCITS ETF) are both exchange-traded funds - FGBL.L is a Dividend fund tracking the First Trust Global Equity Income UCITS ETF Class A USD, while BLOK.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, FGBL.L returned 12.77%/yr vs 12.15%/yr for BLOK.L. A 0.76 correlation means they provide meaningful diversification when combined.
Performance
FGBL.L vs. BLOK.L - Performance Comparison
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Returns By Period
In the year-to-date period, FGBL.L achieves a 13.08% return, which is significantly higher than BLOK.L's 9.33% return.
FGBL.L
- 1D
- -0.04%
- 1M
- 0.91%
- 6M
- 10.70%
- YTD
- 13.08%
- 1Y
- 28.79%
- 3Y*
- 19.89%
- 5Y*
- 12.77%
- 10Y*
- 9.31%
BLOK.L
- 1D
- -0.46%
- 1M
- -3.12%
- 6M
- 6.32%
- YTD
- 9.33%
- 1Y
- 22.43%
- 3Y*
- 19.59%
- 5Y*
- 12.15%
- 10Y*
- —
FGBL.L vs. BLOK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FGBL.L First Trust Global Equity Income UCITS ETF Class A USD | 13.08% | 30.51% | 6.22% | 11.15% | 3.62% | 10.79% | -8.84% | 11.01% | -2.18% |
BLOK.L First Trust Indxx Innovative Transaction & Process UCITS ETF | 9.33% | 22.34% | 18.56% | 14.77% | -8.98% | 19.08% | 15.05% | 22.59% | -28.50% |
Correlation
The correlation between FGBL.L and BLOK.L is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2018 | 0.76 |
Over the past year, the correlation between FGBL.L and BLOK.L has dropped to 0.51 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
FGBL.L vs. BLOK.L — Risk / Return Rank
FGBL.L
BLOK.L
FGBL.L vs. BLOK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Equity Income UCITS ETF Class A USD (FGBL.L) and First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK.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.
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.
| FGBL.L | BLOK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.31 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 5.20 | 3.07 | +2.14 |
| Martin ratioReturn relative to average drawdown | 18.15 | 9.72 | +8.43 |
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Drawdowns
FGBL.L vs. BLOK.L - Drawdown Comparison
The maximum FGBL.L drawdown since its inception was -40.36%, which is greater than BLOK.L's maximum drawdown of -31.83%. Use the drawdown chart below to compare losses from any high point for FGBL.L and BLOK.L.
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Drawdown Indicators
| FGBL.L | BLOK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.36% | -31.83% | -8.53% |
Max Drawdown (1Y)Largest decline over 1 year | -5.68% | -7.28% | +1.60% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -20.06% | +7.61% |
Max Drawdown (5Y)Largest decline over 5 years | -12.45% | -20.06% | +7.61% |
Max Drawdown (10Y)Largest decline over 10 years | -29.44% | — | — |
Current DrawdownCurrent decline from peak | -0.63% | -3.89% | +3.26% |
Average DrawdownAverage peak-to-trough decline | -8.01% | -9.51% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 2.30% | -0.67% |
Volatility
FGBL.L vs. BLOK.L - Volatility Comparison
The current volatility for First Trust Global Equity Income UCITS ETF Class A USD (FGBL.L) is 2.12%, while First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK.L) has a volatility of 3.50%. This indicates that FGBL.L experiences smaller price fluctuations and is considered to be less risky than BLOK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGBL.L | BLOK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 3.50% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 7.11% | 9.99% | -2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.36% | 13.12% | -3.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.86% | 19.66% | -7.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 21.95% | -8.03% |
Dividends
FGBL.L vs. BLOK.L - Dividend Comparison
Neither FGBL.L nor BLOK.L has paid dividends to shareholders.
Frequently Asked Questions
FGBL.L and BLOK.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGBL.L is categorized as Dividend, while BLOK.L is Technology Equities. FGBL.L tracks First Trust Global Equity Income UCITS ETF Class A USD, while BLOK.L tracks MSCI World/Information Tech NR USD.
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