FGBL.L vs. CAPS.L
FGBL.L (First Trust Global Equity Income UCITS ETF Class A USD) and CAPS.L (First Trust Capital Strength UCITS ETF Acc) are both exchange-traded funds - FGBL.L is a Dividend fund tracking the First Trust Global Equity Income UCITS ETF Class A USD, while CAPS.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, FGBL.L returned 12.77%/yr vs 6.16%/yr for CAPS.L. At a 0.43 correlation, their price movements are largely independent.
Performance
FGBL.L vs. CAPS.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 CAPS.L's 4.08% 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%
CAPS.L
- 1D
- 0.00%
- 1M
- 2.27%
- 6M
- 1.17%
- YTD
- 4.08%
- 1Y
- 7.28%
- 3Y*
- 8.79%
- 5Y*
- 6.16%
- 10Y*
- —
FGBL.L vs. CAPS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FGBL.L First Trust Global Equity Income UCITS ETF Class A USD | 13.08% | 30.51% | 6.22% | 11.15% | 3.62% | 10.79% | -8.98% |
CAPS.L First Trust Capital Strength UCITS ETF Acc | 4.08% | -0.65% | 12.99% | 2.23% | 0.52% | -6.71% | 11.84% |
Correlation
The correlation between FGBL.L and CAPS.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.43 |
The correlation between FGBL.L and CAPS.L shifts across timeframes, from 0.28 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FGBL.L vs. CAPS.L — Risk / Return Rank
FGBL.L
CAPS.L
FGBL.L vs. CAPS.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 Capital Strength UCITS ETF Acc (CAPS.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 | CAPS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.17 | ||
| Sortino ratioReturn per unit of downside risk | -135.38 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 77.47 | -75.90 |
| Calmar ratioReturn relative to maximum drawdown | 5.20 | 0.07 | +5.13 |
| Martin ratioReturn relative to average drawdown | 18.15 | 0.29 | +17.86 |
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Drawdowns
FGBL.L vs. CAPS.L - Drawdown Comparison
The maximum FGBL.L drawdown since its inception was -40.36%, smaller than the maximum CAPS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for FGBL.L and CAPS.L.
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Drawdown Indicators
| FGBL.L | CAPS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.36% | -99.07% | +58.71% |
Max Drawdown (1Y)Largest decline over 1 year | -5.68% | -99.02% | +93.34% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -99.07% | +86.62% |
Max Drawdown (5Y)Largest decline over 5 years | -12.45% | -99.07% | +86.62% |
Max Drawdown (10Y)Largest decline over 10 years | -29.44% | — | — |
Current DrawdownCurrent decline from peak | -0.63% | -2.63% | +2.00% |
Average DrawdownAverage peak-to-trough decline | -8.01% | -12.90% | +4.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 25.17% | -23.54% |
Volatility
FGBL.L vs. CAPS.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 Capital Strength UCITS ETF Acc (CAPS.L) has a volatility of 3.75%. This indicates that FGBL.L experiences smaller price fluctuations and is considered to be less risky than CAPS.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 | CAPS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 3.75% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 7.11% | 7.95% | -0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.36% | 13,922.66% | -13,913.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.86% | 6,238.45% | -6,226.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 5,478.19% | -5,464.27% |
Dividends
FGBL.L vs. CAPS.L - Dividend Comparison
Neither FGBL.L nor CAPS.L has paid dividends to shareholders.
Frequently Asked Questions
FGBL.L and CAPS.L have a correlation of 0.28, 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 CAPS.L is Large Cap Blend Equities. FGBL.L tracks First Trust Global Equity Income UCITS ETF Class A USD, while CAPS.L tracks Russell 1000 TR USD.
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