FRO vs. FTGC
FRO (Frontline Ltd.) is a stock, while FTGC (First Trust Global Tactical Commodity Strategy Fund) is Commodities fund actively managed by First Trust. Over the past 10 years, FRO returned 26.54%/yr vs 8.01%/yr for FTGC. Their 0.26 correlation means their historical movements had little consistent relationship.
Performance
FRO vs. FTGC - Performance Comparison
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Returns By Period
In the year-to-date period, FRO achieves a 94.26% return, which is significantly higher than FTGC's 27.22% return. Over the past 10 years, FRO has outperformed FTGC with an annualized return of 26.54%, while FTGC has yielded a comparatively lower 8.01% annualized return.
FRO
- 1D
- 0.69%
- 1M
- 13.46%
- 6M
- 48.31%
- YTD
- 94.26%
- 1Y
- 135.73%
- 3Y*
- 45.97%
- 5Y*
- 49.01%
- 10Y*
- 26.54%
- ALL TIME*
- 7.04%
FTGC
- 1D
- 0.03%
- 1M
- 6.85%
- 6M
- 16.44%
- YTD
- 27.22%
- 1Y
- 38.55%
- 3Y*
- 14.53%
- 5Y*
- 12.93%
- 10Y*
- 8.01%
- ALL TIME*
- 3.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $66.00M | $77.57M | $107.06M | |
| $15.55M | $14.47M | $23.37M |
FRO vs. FTGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRO Frontline Ltd. | 94.26% | 61.17% | -22.48% | 96.23% | 73.67% | 13.67% | -41.47% | 134.59% | 20.48% | -32.17% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 27.22% | 14.61% | 9.96% | -5.36% | 17.36% | 27.95% | 2.17% | 6.40% | -12.75% | 2.73% |
Correlation
The correlation between FRO and FTGC is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.26 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2013 | 0.26 |
The correlation between FRO and FTGC shifts across timeframes, from 0.07 (1 year) to 0.27 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
FRO vs. FTGC — Risk / Return Rank
FRO
FTGC
FRO vs. FTGC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Frontline Ltd. (FRO) 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.
| FRO | FTGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.42 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 6.38 | 3.14 | +3.24 |
| Martin ratioReturn relative to average drawdown | 16.21 | 10.32 | +5.88 |
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Drawdowns
FRO vs. FTGC - Drawdown Comparison
The maximum FRO drawdown since its inception was -98.36%, which is greater than FTGC's maximum drawdown of -59.47%. Use the drawdown chart below to compare losses from any high point for FRO and FTGC.
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Drawdown Indicators
| FRO | FTGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.36% | -59.47% | -38.89% |
Max Drawdown (1Y)Largest decline over 1 year | -21.41% | -12.34% | -9.07% |
Max Drawdown (3Y)Largest decline over 3 years | -52.04% | -12.34% | -39.70% |
Max Drawdown (5Y)Largest decline over 5 years | -52.04% | -22.64% | -29.40% |
Max Drawdown (10Y)Largest decline over 10 years | -52.04% | -35.91% | -16.13% |
Current DrawdownCurrent decline from peak | -69.74% | -4.60% | -65.14% |
Average DrawdownAverage peak-to-trough decline | -67.85% | -27.17% | -40.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.41% | 3.75% | +4.66% |
Volatility
FRO vs. FTGC - Volatility Comparison
Frontline Ltd. (FRO) has a higher volatility of 12.24% compared to First Trust Global Tactical Commodity Strategy Fund (FTGC) at 4.34%. This indicates that FRO'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.
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Volatility by Period
| FRO | FTGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.24% | 4.34% | +7.90% |
Volatility (6M)Calculated over the trailing 6-month period | 33.26% | 13.35% | +19.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.30% | 15.87% | +27.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.77% | 15.71% | +34.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.17% | 14.73% | +36.44% |
Dividends
FRO vs. FTGC - Dividend Comparison
FRO's dividend yield for the trailing twelve months is around 7.95%, less than FTGC's 15.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRO Frontline Ltd. | 7.95% | 4.26% | 13.74% | 14.31% | 1.24% | 0.00% | 25.72% | 0.78% | 0.00% | 6.54% | 19.83% | 1.67% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 15.23% | 17.74% | 3.05% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% | 0.00% | 0.00% |
Frequently Asked Questions
FRO and FTGC have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRO has higher volatility (12.24%) compared to FTGC (4.34%). In terms of maximum drawdown, FRO dropped -98.36% vs FTGC's -59.47%.
FRO currently has the higher Sharpe Ratio (3.16 vs 2.44), 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.
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