FLIAX vs. BGLYX

Last updated Jun 4, 2026

FLIAX (First Sentier American Listed Infrastructure Fund) and BGLYX (Brookfield Global Listed Infrastructure Fund) are both Energy Equities funds. Over the past 5 years, FLIAX returned 6.07%/yr vs 6.97%/yr for BGLYX. Their correlation of 0.87 suggests significant overlap in exposure. FLIAX charges 0.75%/yr vs 1.00%/yr for BGLYX.

Performance

FLIAX vs. BGLYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Sentier American Listed Infrastructure Fund (FLIAX) and Brookfield Global Listed Infrastructure Fund (BGLYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLIAX achieves a 13.60% return, which is significantly higher than BGLYX's 8.61% return.

FLIAX

• 1D: 1.36%
• 1M: -2.01%
• YTD: 13.60%
• 6M: 2.85%
• 1Y: 7.91%
• 3Y*: 10.99%
• 5Y*: 6.07%
• 10Y*: —

BGLYX

• 1D: 1.30%
• 1M: -3.33%
• YTD: 8.61%
• 6M: 8.20%
• 1Y: 14.02%
• 3Y*: 11.28%
• 5Y*: 6.97%
• 10Y*: 6.39%

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

FLIAX vs. BGLYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FLIAX First Sentier American Listed Infrastructure Fund	13.60%	-0.20%	12.21%	0.59%	-5.85%	24.12%
BGLYX Brookfield Global Listed Infrastructure Fund	8.61%	13.04%	9.01%	3.32%	-5.47%	15.94%

Correlation

The correlation between FLIAX and BGLYX is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jan 26, 2021	0.87

The correlation between FLIAX and BGLYX shifts across timeframes, from 0.76 (1 year) to 0.87 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FLIAX vs. BGLYX — Risk / Return Rank

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

FLIAX

FLIAX Risk / Return Rank: 8
FLIAX Sharpe Ratio Rank: 7
FLIAX Sortino Ratio Rank: 7
FLIAX Omega Ratio Rank: 9
FLIAX Calmar Ratio Rank: 8
FLIAX Martin Ratio Rank: 9

BGLYX

BGLYX Risk / Return Rank: 26
BGLYX Sharpe Ratio Rank: 21
BGLYX Sortino Ratio Rank: 20
BGLYX Omega Ratio Rank: 20
BGLYX Calmar Ratio Rank: 34
BGLYX Martin Ratio Rank: 32

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.

FLIAX vs. BGLYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Sentier American Listed Infrastructure Fund (FLIAX) and Brookfield Global Listed Infrastructure Fund (BGLYX). 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.

	FLIAX	BGLYX	Difference
Sharpe ratio: Return per unit of total volatility	0.61	1.31	-0.71
Sortino ratio: Return per unit of downside risk	0.84	1.88	-1.05
Omega ratio: Gain probability vs. loss probability	1.13	1.23	-0.10
Calmar ratio: Return relative to maximum drawdown	0.75	2.19	-1.45
Martin ratio: Return relative to average drawdown	2.50	7.21	-4.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLIAX vs. BGLYX - Sharpe Ratio Comparison

The current FLIAX Sharpe Ratio is 0.61, which is lower than the BGLYX Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of FLIAX and BGLYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLIAX	BGLYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.61	1.31	-0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.51	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.48	+0.03

Drawdowns

FLIAX vs. BGLYX - Drawdown Comparison

The maximum FLIAX drawdown since its inception was -23.23%, smaller than the maximum BGLYX drawdown of -36.54%. Use the drawdown chart below to compare losses from any high point for FLIAX and BGLYX.

Drawdown Indicators

	FLIAX	BGLYX	Difference
Max Drawdown Largest peak-to-trough decline	-23.23%	-36.54%	+13.31%
Max Drawdown (1Y) Largest decline over 1 year	-12.50%	-6.32%	-6.18%
Max Drawdown (3Y) Largest decline over 3 years	-14.12%	-14.56%	+0.44%
Max Drawdown (5Y) Largest decline over 5 years	-23.23%	-20.94%	-2.29%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.54%	—
Current Drawdown Current decline from peak	-3.28%	-4.48%	+1.20%
Average Drawdown Average peak-to-trough decline	-6.46%	-7.85%	+1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.54%	1.92%	+1.62%

Volatility

FLIAX vs. BGLYX - Volatility Comparison

First Sentier American Listed Infrastructure Fund (FLIAX) has a higher volatility of 4.37% compared to Brookfield Global Listed Infrastructure Fund (BGLYX) at 3.58%. This indicates that FLIAX's price experiences larger fluctuations and is considered to be riskier than BGLYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLIAX	BGLYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	3.58%	+0.79%
Volatility (6M) Calculated over the trailing 6-month period	13.33%	8.55%	+4.78%
Volatility (1Y) Calculated over the trailing 1-year period	15.35%	10.54%	+4.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.05%	13.60%	+2.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.82%	15.64%	+0.18%

FLIAX vs. BGLYX - Expense Ratio Comparison

FLIAX has a 0.75% expense ratio, which is lower than BGLYX's 1.00% expense ratio.

Dividends

FLIAX vs. BGLYX - Dividend Comparison

FLIAX has not paid dividends to shareholders, while BGLYX's dividend yield for the trailing twelve months is around 28.53%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGLYX Brookfield Global Listed Infrastructure Fund	28.53%	30.30%	1.89%	1.88%	7.34%	4.53%	3.71%	3.94%	4.31%	4.03%	4.09%	4.03%
FLIAX First Sentier American Listed Infrastructure Fund	0.00%	0.00%	6.21%	2.90%	19.90%	5.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLIAX and BGLYX in my portfolio?

FLIAX and BGLYX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLIAX or BGLYX?

FLIAX has higher volatility (4.37%) compared to BGLYX (3.58%). In terms of maximum drawdown, FLIAX dropped -23.23% vs BGLYX's -36.54%.

Which has better risk-adjusted returns?

BGLYX currently has the higher Sharpe Ratio (1.31 vs 0.61), 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.