FTCS.L vs. MIST.L

Last updated Jul 16, 2026

FTCS.L (First Trust Capital Strength UCITS ETF Class A USD Accumulation) and MIST.L (PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation) are both Global Equities funds - FTCS.L tracks the First Trust Capital Strength UCITS ETF Class A USD Accumulation while MIST.L tracks the PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation. Both are passively managed. Over the past 5 years, FTCS.L returned 5.52%/yr vs 2.48%/yr for MIST.L. At a 0.24 correlation, their price movements are largely independent.

Performance

FTCS.L vs. MIST.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 PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, FTCS.L achieves a 3.44% return, which is significantly higher than MIST.L's 1.66% return.

FTCS.L

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

MIST.L

• 1D: 0.25%
• 1M: 0.09%
• 6M: 1.62%
• YTD: 1.66%
• 1Y: 4.38%
• 3Y*: 5.81%
• 5Y*: 2.48%
• 10Y*: —

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

FTCS.L vs. MIST.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%
MIST.L PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation	1.66%	12.50%	3.77%	10.55%	-11.69%	-1.26%	4.38%

Correlation

The correlation between FTCS.L and MIST.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020	0.24

The correlation between FTCS.L and MIST.L shifts across timeframes, from 0.11 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FTCS.L vs. MIST.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

MIST.L

MIST.L Risk / Return Rank: 100
MIST.L Sharpe Ratio Rank: 100
MIST.L Sortino Ratio Rank: 100
MIST.L Omega Ratio Rank: 99
MIST.L Calmar Ratio Rank: 100
MIST.L Martin Ratio Rank: 100

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. MIST.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 PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.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	MIST.L	Difference
Sharpe ratio: Return per unit of total volatility	0.71	0.62	+0.09
Sortino ratio: Return per unit of downside risk	1.07	0.95	+0.13
Omega ratio: Gain probability vs. loss probability	1.13	1.11	+0.02
Calmar ratio: Return relative to maximum drawdown	0.91	0.96	-0.05
Martin ratio: Return relative to average drawdown	1.88	2.13	-0.24

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

The current FTCS.L Sharpe Ratio is 0.71, which is comparable to the MIST.L Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of FTCS.L and MIST.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. MIST.L - Drawdown Comparison

The maximum FTCS.L drawdown since its inception was -31.99%, which is greater than MIST.L's maximum drawdown of -26.32%. Use the drawdown chart below to compare losses from any high point for FTCS.L and MIST.L.

Drawdown Indicators

	FTCS.L	MIST.L	Difference
Max Drawdown Largest peak-to-trough decline	-31.99%	-26.32%	-5.67%
Max Drawdown (1Y) Largest decline over 1 year	-8.68%	-4.21%	-4.47%
Max Drawdown (3Y) Largest decline over 3 years	-12.77%	-7.89%	-4.88%
Max Drawdown (5Y) Largest decline over 5 years	-20.63%	-25.04%	+4.41%
Current Drawdown Current decline from peak	-4.30%	-1.45%	-2.85%
Average Drawdown Average peak-to-trough decline	-5.78%	-5.96%	+0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.21%	1.91%	+2.30%

Volatility

FTCS.L vs. MIST.L - Volatility Comparison

First Trust Capital Strength UCITS ETF Class A USD Accumulation (FTCS.L) has a higher volatility of 4.50% compared to PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.L) at 1.69%. This indicates that FTCS.L's price experiences larger fluctuations and is considered to be riskier than MIST.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTCS.L	MIST.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	1.69%	+2.81%
Volatility (6M) Calculated over the trailing 6-month period	8.39%	4.92%	+3.47%
Volatility (1Y) Calculated over the trailing 1-year period	11.09%	6.53%	+4.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.92%	8.59%	+5.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.65%	8.91%	+8.74%

Dividends

FTCS.L vs. MIST.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

FTCS.L and MIST.L have a correlation of 0.11, 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 MIST.L?

FTCS.L tracks First Trust Capital Strength UCITS ETF Class A USD Accumulation, while MIST.L tracks PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation. They also come from different issuers: First Trust and PIMCO.