FLLA vs. FTGC
FLLA (Franklin FTSE Latin America ETF) and FTGC (First Trust Global Tactical Commodity Strategy Fund) are both exchange-traded funds - FLLA is a Latin America Equities fund tracking the FTSE Latin America RIC Capped Index, while FTGC is a Commodities fund actively managed by First Trust. FLLA is passively managed, while FTGC is actively managed. Over the past 5 years, FLLA returned 7.74%/yr vs 12.56%/yr for FTGC. At a 0.35 correlation, their price movements are largely independent. FLLA charges 0.19%/yr vs 0.95%/yr for FTGC.
Performance
FLLA vs. FTGC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FLLA achieves a 12.04% return, which is significantly lower than FTGC's 20.23% return.
FLLA
- 1D
- 0.26%
- 1M
- -2.84%
- YTD
- 12.04%
- 6M
- 14.05%
- 1Y
- 33.29%
- 3Y*
- 11.39%
- 5Y*
- 7.74%
- 10Y*
- —
FTGC
- 1D
- -0.24%
- 1M
- -6.30%
- YTD
- 20.23%
- 6M
- 20.44%
- 1Y
- 26.86%
- 3Y*
- 14.70%
- 5Y*
- 12.56%
- 10Y*
- 7.28%
FLLA vs. FTGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLLA Franklin FTSE Latin America ETF | 12.04% | 51.81% | -26.89% | 32.71% | 7.78% | -8.93% | -15.08% | 19.59% | -2.78% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 20.23% | 14.61% | 9.96% | -5.36% | 17.36% | 27.95% | 2.17% | 6.40% | -9.38% |
Correlation
The correlation between FLLA and FTGC is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2018 | 0.35 |
Over the past year, the correlation between FLLA and FTGC has dropped to 0.14 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
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
FLLA vs. FTGC — Risk / Return Rank
FLLA
FTGC
FLLA vs. FTGC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Latin America ETF (FLLA) and First Trust Global Tactical Commodity Strategy Fund (FTGC). 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.
| FLLA | FTGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.31 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 2.74 | -0.31 |
| Martin ratioReturn relative to average drawdown | 6.98 | 9.43 | -2.45 |
Loading charts...
Drawdowns
FLLA vs. FTGC - Drawdown Comparison
The maximum FLLA drawdown since its inception was -53.88%, smaller than the maximum FTGC drawdown of -59.47%. Use the drawdown chart below to compare losses from any high point for FLLA and FTGC.
Loading charts...
Drawdown Indicators
| FLLA | FTGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.88% | -59.47% | +5.59% |
Max Drawdown (1Y)Largest decline over 1 year | -13.75% | -9.84% | -3.91% |
Max Drawdown (3Y)Largest decline over 3 years | -27.76% | -10.39% | -17.37% |
Max Drawdown (5Y)Largest decline over 5 years | -28.32% | -22.64% | -5.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.91% | — |
Current DrawdownCurrent decline from peak | -11.42% | -9.84% | -1.58% |
Average DrawdownAverage peak-to-trough decline | -13.46% | -27.34% | +13.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.78% | 2.98% | +1.80% |
Volatility
FLLA vs. FTGC - Volatility Comparison
Franklin FTSE Latin America ETF (FLLA) has a higher volatility of 5.84% compared to First Trust Global Tactical Commodity Strategy Fund (FTGC) at 2.99%. This indicates that FLLA's price experiences larger fluctuations and is considered to be riskier than FTGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FLLA | FTGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.84% | 2.99% | +2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 17.85% | 13.17% | +4.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.73% | 15.69% | +6.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.86% | 15.86% | +7.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.49% | 14.71% | +12.78% |
FLLA vs. FTGC - Expense Ratio Comparison
FLLA has a 0.19% expense ratio, which is lower than FTGC's 0.95% expense ratio.
Dividends
FLLA vs. FTGC - Dividend Comparison
FLLA's dividend yield for the trailing twelve months is around 3.46%, less than FTGC's 15.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLLA Franklin FTSE Latin America ETF | 3.46% | 6.06% | 7.04% | 5.45% | 9.55% | 7.60% | 2.12% | 3.18% | 0.48% | 0.00% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 15.95% | 17.74% | 3.05% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% |
Frequently Asked Questions
FLLA and FTGC have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLLA has higher volatility (5.84%) compared to FTGC (2.99%). In terms of maximum drawdown, FLLA dropped -53.88% vs FTGC's -59.47%.
On 5-year performance, FTGC leads with 12.56% vs 7.74% for FLLA. On fees, FLLA is cheaper at 0.19% per year. On volatility, FTGC has been the lower-risk option at 2.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FTGC has performed better with a 12.56% return vs 7.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLLA is cheaper with a 0.19% expense ratio, compared with 0.95% for FTGC.
FTGC has the higher dividend yield at 15.95%, compared with 3.46% for FLLA.
FLLA is categorized as Latin America Equities, while FTGC is Commodities. They also come from different issuers: Franklin Templeton and First Trust. Their fees differ too: 0.19% for FLLA and 0.95% for FTGC.
FTGC currently has the higher Sharpe Ratio (1.72 vs 1.54), 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 FLLA and FTGC
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