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FLM vs. URTH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLM vs. URTH

Last updated Jun 24, 2026

FLM (First Trust Global Engineering and Construction ETF) and URTH (iShares MSCI World ETF) are both exchange-traded funds - FLM is a Building & Construction fund tracking the ISE Global Engineering & Construction Index, while URTH is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. At a 0.39 correlation, their price movements are largely independent. FLM charges 0.70%/yr vs 0.24%/yr for URTH.

Performance

FLM vs. URTH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Global Engineering and Construction ETF (FLM) and iShares MSCI World ETF (URTH). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

FLM

1D
-4.55%
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

URTH

1D
-1.45%
1M
-0.88%
YTD
8.07%
6M
7.24%
1Y
23.04%
3Y*
19.67%
5Y*
11.29%
10Y*
13.44%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FLM vs. URTH - Yearly Performance Comparison

2026 (YTD)
FLM
First Trust Global Engineering and Construction ETF		-4.55%
URTH
iShares MSCI World ETF		-2.39%

Correlation

The correlation between FLM and URTH is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jun 5, 2026

0.39

FLM vs. URTH - Sectors Allocation Comparison

Sectors
FLM
URTH

Industrials

37.1%
10.0%

Energy

8.1%
3.7%

Technology

7.9%
32.8%

Basic Materials

7.4%
2.8%

Real Estate

5.7%
1.2%

Communication Services

0.7%
8.6%

Utilities

0.7%
2.6%

Consumer Cyclical

-

8.5%

Consumer Defensive

-

4.7%

Financial Services

-

15.8%

Healthcare

-

8.6%

Industrials

FLM
37.1%
URTH
10.0%

Energy

FLM
8.1%
URTH
3.7%

Technology

FLM
7.9%
URTH
32.8%

Basic Materials

FLM
7.4%
URTH
2.8%

Real Estate

FLM
5.7%
URTH
1.2%

Communication Services

FLM
0.7%
URTH
8.6%

Utilities

FLM
0.7%
URTH
2.6%

Consumer Cyclical

FLM

-

URTH
8.5%

Consumer Defensive

FLM

-

URTH
4.7%

Financial Services

FLM

-

URTH
15.8%

Healthcare

FLM

-

URTH
8.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Global Engineering and Construction ETF

iShares MSCI World ETF

Often compared with FLM:
FLM vs. VOOFLM vs. AIRRFLM vs. PKBFLM vs. XHBFLM vs. ITBFLM vs. FDLFLM vs. IGLD
Often compared with URTH:
URTH vs. VTURTH vs. IWDA.LURTH vs. SPYURTH vs. VOOURTH vs. XWD.TOURTH vs. BRK-BURTH vs. VXUS

Return for Risk

FLM vs. URTH — Risk / Return Rank

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

URTH
URTH Risk / Return Rank: 5757
Overall Rank
URTH Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
URTH Sortino Ratio Rank: 5555
Sortino Ratio Rank
URTH Omega Ratio Rank: 5454
Omega Ratio Rank
URTH Calmar Ratio Rank: 5353
Calmar Ratio Rank
URTH Martin Ratio Rank: 6565
Martin Ratio Rank
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.

FLM vs. URTH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Global Engineering and Construction ETF (FLM) and iShares MSCI World ETF (URTH). 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.

FLMURTHDifference
Sharpe ratioReturn per unit of total volatility

—

1.83

—

Sortino ratioReturn per unit of downside risk

—

2.53

—

Omega ratioGain probability vs. loss probability

—

1.33

—

Calmar ratioReturn relative to maximum drawdown

—

2.55

—

Martin ratioReturn relative to average drawdown

—

11.29

—

FLM vs. URTH - Sharpe Ratio Comparison

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Drawdowns

FLM vs. URTH - Drawdown Comparison

The maximum FLM drawdown since its inception was -4.55%, smaller than the maximum URTH drawdown of -34.01%. Use the drawdown chart below to compare losses from any high point for FLM and URTH.

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Drawdown Indicators

FLMURTHDifference

Max Drawdown

Largest peak-to-trough decline

-4.55%

-34.01%

+29.46%

Max Drawdown (1Y)

Largest decline over 1 year

—

-9.06%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-16.94%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-26.05%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.01%

—

Current Drawdown

Current decline from peak

-4.55%

-2.63%

-1.92%

Average Drawdown

Average peak-to-trough decline

-2.27%

-4.36%

+2.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.05%

—

Volatility

FLM vs. URTH - Volatility Comparison

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Volatility by Period

FLMURTHDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

4.71%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

10.26%

—

Volatility (1Y)

Calculated over the trailing 1-year period

51.02%

12.66%

+38.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

51.02%

16.28%

+34.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

51.02%

17.20%

+33.82%

FLM vs. URTH - Expense Ratio Comparison

FLM has a 0.70% expense ratio, which is higher than URTH's 0.24% expense ratio.

Dividends

FLM vs. URTH - Dividend Comparison

FLM has not paid dividends to shareholders, while URTH's dividend yield for the trailing twelve months is around 1.42%.

PositionTTM20252024202320222021202020192018201720162015
FLM
First Trust Global Engineering and Construction ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
URTH
iShares MSCI World ETF		1.42%1.48%1.47%1.70%1.68%1.50%1.52%2.16%2.30%1.88%2.15%2.35%

Frequently Asked Questions

FLM and URTH have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, URTH is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

URTH is cheaper with a 0.24% expense ratio, compared with 0.70% for FLM.

URTH has the higher dividend yield at 1.42%, compared with 0.00% for FLM.

FLM is categorized as Building & Construction, while URTH is Global Equities. FLM tracks ISE Global Engineering & Construction Index, while URTH tracks MSCI World Index (Net). They also come from different issuers: First Trust and iShares. Their fees differ too: 0.70% for FLM and 0.24% for URTH.

Portfolio Optimizer

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