FSIG vs. UCON
Compare and contrast key facts about First Trust Limited Duration Investment Grade Corporate ETF (FSIG) and First Trust TCW Unconstrained Plus Bond ETF (UCON).
FSIG and UCON are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FSIG is an actively managed fund by First Trust. It was launched on Nov 17, 2021. UCON is an actively managed fund by First Trust. It was launched on Jun 4, 2018.
Performance
FSIG vs. UCON - Performance Comparison
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FSIG vs. UCON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FSIG First Trust Limited Duration Investment Grade Corporate ETF | -0.17% | 6.66% | 4.22% | 6.22% | -4.37% | 0.02% |
UCON First Trust TCW Unconstrained Plus Bond ETF | -0.52% | 7.00% | 4.69% | 7.72% | -5.72% | 0.12% |
Returns By Period
In the year-to-date period, FSIG achieves a -0.17% return, which is significantly higher than UCON's -0.52% return.
FSIG
- 1D
- 0.58%
- 1M
- -0.87%
- YTD
- -0.17%
- 6M
- 1.06%
- 1Y
- 4.87%
- 3Y*
- 4.98%
- 5Y*
- —
- 10Y*
- —
UCON
- 1D
- 0.53%
- 1M
- -1.66%
- YTD
- -0.52%
- 6M
- 0.71%
- 1Y
- 4.82%
- 3Y*
- 5.73%
- 5Y*
- 2.65%
- 10Y*
- —
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FSIG vs. UCON - Expense Ratio Comparison
FSIG has a 0.55% expense ratio, which is lower than UCON's 0.86% expense ratio.
Return for Risk
FSIG vs. UCON — Risk / Return Rank
FSIG
UCON
FSIG vs. UCON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Limited Duration Investment Grade Corporate ETF (FSIG) and First Trust TCW Unconstrained Plus Bond ETF (UCON). 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.
| FSIG | UCON | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.91 | 1.65 | +0.26 |
Sortino ratioReturn per unit of downside risk | 2.64 | 2.34 | +0.31 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.31 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 3.17 | 1.93 | +1.24 |
Martin ratioReturn relative to average drawdown | 13.70 | 8.54 | +5.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSIG | UCON | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.91 | 1.65 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.62 | +0.33 |
Correlation
The correlation between FSIG and UCON is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FSIG vs. UCON - Dividend Comparison
FSIG's dividend yield for the trailing twelve months is around 4.80%, more than UCON's 4.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FSIG First Trust Limited Duration Investment Grade Corporate ETF | 4.80% | 4.73% | 4.61% | 4.42% | 2.48% | 0.12% | 0.00% | 0.00% | 0.00% |
UCON First Trust TCW Unconstrained Plus Bond ETF | 4.66% | 4.63% | 4.95% | 4.75% | 3.12% | 2.20% | 3.14% | 3.25% | 1.76% |
Drawdowns
FSIG vs. UCON - Drawdown Comparison
The maximum FSIG drawdown since its inception was -6.88%, smaller than the maximum UCON drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for FSIG and UCON.
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Drawdown Indicators
| FSIG | UCON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.88% | -15.31% | +8.43% |
Max Drawdown (1Y)Largest decline over 1 year | -1.55% | -2.45% | +0.90% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.60% | — |
Current DrawdownCurrent decline from peak | -0.87% | -1.70% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -1.50% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 0.55% | -0.19% |
Volatility
FSIG vs. UCON - Volatility Comparison
The current volatility for First Trust Limited Duration Investment Grade Corporate ETF (FSIG) is 1.21%, while First Trust TCW Unconstrained Plus Bond ETF (UCON) has a volatility of 1.54%. This indicates that FSIG experiences smaller price fluctuations and is considered to be less risky than UCON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSIG | UCON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.54% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | 2.06% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.56% | 2.92% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.97% | 3.84% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.97% | 5.94% | -2.97% |