FTCS.L vs. CAPS.L

Last updated Jul 16, 2026

FTCS.L (First Trust Capital Strength UCITS ETF Class A USD Accumulation) and CAPS.L (First Trust Capital Strength UCITS ETF Acc) are both exchange-traded funds - FTCS.L is a Global Equities fund tracking the First Trust Capital Strength UCITS ETF Class A USD Accumulation, while CAPS.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, FTCS.L returned 5.52%/yr vs 5.58%/yr for CAPS.L. Their correlation of 0.88 suggests significant overlap in exposure.

Performance

FTCS.L vs. CAPS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Capital Strength UCITS ETF Class A USD Accumulation (FTCS.L) and First Trust Capital Strength UCITS ETF Acc (CAPS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FTCS.L is traded in USD, while CAPS.L is traded in GBp. To make them comparable, the CAPS.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with FTCS.L having a 3.44% return and CAPS.L slightly higher at 3.50%.

FTCS.L

• 1D: -0.55%
• 1M: 1.78%
• 6M: 0.59%
• YTD: 3.44%
• 1Y: 7.18%
• 3Y*: 9.29%
• 5Y*: 5.52%
• 10Y*: —

CAPS.L

• 1D: 0.00%
• 1M: 2.02%
• 6M: 0.73%
• YTD: 3.50%
• 1Y: 7.29%
• 3Y*: 9.59%
• 5Y*: 5.58%
• 10Y*: —

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

FTCS.L vs. CAPS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FTCS.L First Trust Capital Strength UCITS ETF Class A USD Accumulation	3.44%	6.62%	11.16%	8.19%	-10.23%	25.79%	11.85%
CAPS.L First Trust Capital Strength UCITS ETF Acc	3.50%	6.85%	11.11%	7.62%	-10.23%	-7.56%	16.40%

Correlation

The correlation between FTCS.L and CAPS.L is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020	0.88

The correlation between FTCS.L and CAPS.L has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.

Return for Risk

FTCS.L vs. CAPS.L — Risk / Return Rank

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

FTCS.L

FTCS.L Risk / Return Rank: 23
FTCS.L Sharpe Ratio Rank: 24
FTCS.L Sortino Ratio Rank: 23
FTCS.L Omega Ratio Rank: 22
FTCS.L Calmar Ratio Rank: 23
FTCS.L Martin Ratio Rank: 21

CAPS.L

CAPS.L Risk / Return Rank: 46
CAPS.L Sharpe Ratio Rank: 9
CAPS.L Sortino Ratio Rank: 100
CAPS.L Omega Ratio Rank: 100
CAPS.L Calmar Ratio Rank: 10
CAPS.L Martin Ratio Rank: 11

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.

FTCS.L vs. CAPS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Capital Strength UCITS ETF Class A USD Accumulation (FTCS.L) and First Trust Capital Strength UCITS ETF Acc (CAPS.L). 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.

	FTCS.L	CAPS.L	Difference
Sharpe ratio: Return per unit of total volatility	0.71	0.00	+0.71
Sortino ratio: Return per unit of downside risk	1.07	139.83	-138.76
Omega ratio: Gain probability vs. loss probability	1.13	78.09	-76.96
Calmar ratio: Return relative to maximum drawdown	0.91	0.07	+0.84
Martin ratio: Return relative to average drawdown	1.88	0.29	+1.59

FTCS.L vs. CAPS.L - Sharpe Ratio Comparison

The current FTCS.L Sharpe Ratio is 0.71, which is higher than the CAPS.L Sharpe Ratio of 0.00. The chart below compares the historical Sharpe Ratios of FTCS.L and CAPS.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FTCS.L vs. CAPS.L - Drawdown Comparison

The maximum FTCS.L drawdown since its inception was -31.99%, smaller than the maximum CAPS.L drawdown of -99.12%. Use the drawdown chart below to compare losses from any high point for FTCS.L and CAPS.L.

Drawdown Indicators

	FTCS.L	CAPS.L	Difference
Max Drawdown Largest peak-to-trough decline	-31.99%	-99.12%	+67.13%
Max Drawdown (1Y) Largest decline over 1 year	-8.68%	-99.04%	+90.36%
Max Drawdown (3Y) Largest decline over 3 years	-12.77%	-99.04%	+86.27%
Max Drawdown (5Y) Largest decline over 5 years	-20.63%	-99.04%	+78.41%
Current Drawdown Current decline from peak	-4.30%	-5.90%	+1.60%
Average Drawdown Average peak-to-trough decline	-5.78%	-18.79%	+13.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.21%	25.17%	-20.96%

Volatility

FTCS.L vs. CAPS.L - Volatility Comparison

First Trust Capital Strength UCITS ETF Class A USD Accumulation (FTCS.L) has a higher volatility of 4.50% compared to First Trust Capital Strength UCITS ETF Acc (CAPS.L) at 3.84%. This indicates that FTCS.L's price experiences larger fluctuations and is considered to be riskier than CAPS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTCS.L	CAPS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	3.84%	+0.66%
Volatility (6M) Calculated over the trailing 6-month period	8.39%	7.39%	+1.00%
Volatility (1Y) Calculated over the trailing 1-year period	11.09%	13,939.23%	-13,928.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.92%	6,245.88%	-6,231.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.65%	5,484.71%	-5,467.06%

Dividends

FTCS.L vs. CAPS.L - Dividend Comparison

Neither FTCS.L nor CAPS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FTCS.L and CAPS.L in my portfolio?

FTCS.L and CAPS.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between FTCS.L and CAPS.L?

FTCS.L is categorized as Global Equities, while CAPS.L is Large Cap Blend Equities. FTCS.L tracks First Trust Capital Strength UCITS ETF Class A USD Accumulation, while CAPS.L tracks Russell 1000 TR USD.