FTAG vs. FPI

Last updated Jun 4, 2026

FTAG (First Trust Indxx Global Agriculture ETF) is Large Cap Blend Equities fund tracking the Indxx Global Agriculture Index, while FPI (Farmland Partners Inc.) is a stock. Over the past 10 years, FTAG returned 5.24%/yr vs 3.54%/yr for FPI. At a 0.22 correlation, their price movements are largely independent.

Performance

FTAG vs. FPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Global Agriculture ETF (FTAG) and Farmland Partners Inc. (FPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTAG achieves a 10.75% return, which is significantly higher than FPI's 7.93% return. Over the past 10 years, FTAG has outperformed FPI with an annualized return of 5.24%, while FPI has yielded a comparatively lower 3.54% annualized return.

FTAG

• 1D: 0.23%
• 1M: -2.29%
• YTD: 10.75%
• 6M: 12.16%
• 1Y: 14.00%
• 3Y*: 5.07%
• 5Y*: 0.66%
• 10Y*: 5.24%

FPI

• 1D: -0.67%
• 1M: -2.09%
• YTD: 7.93%
• 6M: 6.72%
• 1Y: -6.03%
• 3Y*: 2.38%
• 5Y*: -0.10%
• 10Y*: 3.54%

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

FTAG vs. FPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTAG First Trust Indxx Global Agriculture ETF	10.75%	14.82%	-6.72%	-7.28%	-4.52%	17.31%	13.88%	9.05%	-19.46%	24.88%
FPI Farmland Partners Inc.	7.93%	-14.11%	5.66%	3.99%	6.09%	39.70%	32.09%	53.84%	-45.13%	-17.84%

Correlation

The correlation between FTAG and FPI is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Apr 14, 2014	0.22

The correlation between FTAG and FPI shifts across timeframes, from 0.22 (all time) to 0.38 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FTAG vs. FPI — Risk / Return Rank

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

FTAG

FTAG Risk / Return Rank: 28
FTAG Sharpe Ratio Rank: 28
FTAG Sortino Ratio Rank: 27
FTAG Omega Ratio Rank: 26
FTAG Calmar Ratio Rank: 31
FTAG Martin Ratio Rank: 27

FPI

FPI Risk / Return Rank: 28
FPI Sharpe Ratio Rank: 29
FPI Sortino Ratio Rank: 25
FPI Omega Ratio Rank: 25
FPI Calmar Ratio Rank: 31
FPI Martin Ratio Rank: 31

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.

FTAG vs. FPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Global Agriculture ETF (FTAG) and Farmland Partners Inc. (FPI). 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.

	FTAG	FPI	Difference
Sharpe ratio: Return per unit of total volatility	1.01	-0.27	+1.28
Sortino ratio: Return per unit of downside risk	1.52	-0.21	+1.73
Omega ratio: Gain probability vs. loss probability	1.18	0.97	+0.21
Calmar ratio: Return relative to maximum drawdown	1.52	-0.28	+1.80
Martin ratio: Return relative to average drawdown	3.75	-0.54	+4.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTAG vs. FPI - Sharpe Ratio Comparison

The current FTAG Sharpe Ratio is 1.01, which is higher than the FPI Sharpe Ratio of -0.27. The chart below compares the historical Sharpe Ratios of FTAG and FPI, 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

	FTAG	FPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	-0.27	+1.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	-0.00	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	0.10	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	-0.33	0.07	-0.40

Drawdowns

FTAG vs. FPI - Drawdown Comparison

The maximum FTAG drawdown since its inception was -90.89%, which is greater than FPI's maximum drawdown of -59.77%. Use the drawdown chart below to compare losses from any high point for FTAG and FPI.

Drawdown Indicators

	FTAG	FPI	Difference
Max Drawdown Largest peak-to-trough decline	-90.89%	-59.77%	-31.12%
Max Drawdown (1Y) Largest decline over 1 year	-9.25%	-21.46%	+12.21%
Max Drawdown (3Y) Largest decline over 3 years	-21.87%	-23.64%	+1.77%
Max Drawdown (5Y) Largest decline over 5 years	-32.77%	-39.88%	+7.11%
Max Drawdown (10Y) Largest decline over 10 years	-50.79%	-57.44%	+6.65%
Current Drawdown Current decline from peak	-78.58%	-21.01%	-57.57%
Average Drawdown Average peak-to-trough decline	-71.24%	-23.61%	-47.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.74%	11.15%	-7.41%

Volatility

FTAG vs. FPI - Volatility Comparison

The current volatility for First Trust Indxx Global Agriculture ETF (FTAG) is 3.47%, while Farmland Partners Inc. (FPI) has a volatility of 5.18%. This indicates that FTAG experiences smaller price fluctuations and is considered to be less risky than FPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTAG	FPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	5.18%	-1.71%
Volatility (6M) Calculated over the trailing 6-month period	10.53%	18.15%	-7.62%
Volatility (1Y) Calculated over the trailing 1-year period	13.93%	22.69%	-8.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.38%	28.32%	-10.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.66%	35.63%	-15.97%

Dividends

FTAG vs. FPI - Dividend Comparison

FTAG's dividend yield for the trailing twelve months is around 1.37%, less than FPI's 4.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FPI Farmland Partners Inc.	4.56%	4.54%	11.31%	3.61%	1.85%	1.67%	2.30%	2.95%	7.82%	5.88%	4.57%	4.54%
FTAG First Trust Indxx Global Agriculture ETF	1.37%	1.39%	2.89%	3.68%	1.77%	1.58%	1.72%	2.33%	2.16%	1.26%	0.61%	1.35%

Frequently Asked Questions

Can I hold both FTAG and FPI in my portfolio?

FTAG and FPI have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTAG or FPI?

FPI has higher volatility (5.18%) compared to FTAG (3.47%). In terms of maximum drawdown, FTAG dropped -90.89% vs FPI's -59.77%.

Which has better risk-adjusted returns?

FTAG currently has the higher Sharpe Ratio (1.01 vs -0.27), 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.