FTCS.L vs. SPXS.L
FTCS.L (First Trust Capital Strength UCITS ETF Class A USD Accumulation) and SPXS.L (Invesco S&P 500 UCITS ETF) are both Global Equities funds - FTCS.L tracks the First Trust Capital Strength UCITS ETF Class A USD Accumulation while SPXS.L tracks the Invesco S&P 500 UCITS ETF. Both are passively managed. Over the past 5 years, FTCS.L returned 5.52%/yr vs -54.94%/yr for SPXS.L. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
FTCS.L vs. SPXS.L - Performance Comparison
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Returns By Period
In the year-to-date period, FTCS.L achieves a 3.44% return, which is significantly lower than SPXS.L's 10.20% 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*
- —
SPXS.L
- 1D
- -0.12%
- 1M
- -0.05%
- 6M
- 9.96%
- YTD
- 10.20%
- 1Y
- -98.78%
- 3Y*
- -74.11%
- 5Y*
- -54.94%
- 10Y*
- -27.39%
FTCS.L vs. SPXS.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% |
SPXS.L Invesco S&P 500 UCITS ETF | 10.20% | -98.82% | 25.56% | 27.00% | -18.53% | 29.64% | 14.06% |
Correlation
The correlation between FTCS.L and SPXS.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.65 |
Over the past year, the correlation between FTCS.L and SPXS.L has dropped to 0.35 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
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Return for Risk
FTCS.L vs. SPXS.L — Risk / Return Rank
FTCS.L
SPXS.L
FTCS.L vs. SPXS.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 Invesco S&P 500 UCITS ETF (SPXS.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 | SPXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.52 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | -1.00 | +1.91 |
| Martin ratioReturn relative to average drawdown | 1.88 | -1.23 | +3.11 |
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Drawdowns
FTCS.L vs. SPXS.L - Drawdown Comparison
The maximum FTCS.L drawdown since its inception was -31.99%, smaller than the maximum SPXS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for FTCS.L and SPXS.L.
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Drawdown Indicators
| FTCS.L | SPXS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.99% | -99.07% | +67.08% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -99.07% | +90.39% |
Max Drawdown (3Y)Largest decline over 3 years | -12.77% | -99.07% | +86.30% |
Max Drawdown (5Y)Largest decline over 5 years | -20.63% | -99.07% | +78.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.07% | — |
Current DrawdownCurrent decline from peak | -4.30% | -98.90% | +94.60% |
Average DrawdownAverage peak-to-trough decline | -5.78% | -7.67% | +1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.21% | 80.57% | -76.36% |
Volatility
FTCS.L vs. SPXS.L - Volatility Comparison
First Trust Capital Strength UCITS ETF Class A USD Accumulation (FTCS.L) has a higher volatility of 4.50% compared to Invesco S&P 500 UCITS ETF (SPXS.L) at 2.73%. This indicates that FTCS.L's price experiences larger fluctuations and is considered to be riskier than SPXS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTCS.L | SPXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 2.73% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | 9.24% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 99.43% | -88.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 47.13% | -33.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.65% | 35.27% | -17.62% |
Dividends
FTCS.L vs. SPXS.L - Dividend Comparison
Neither FTCS.L nor SPXS.L has paid dividends to shareholders.
Frequently Asked Questions
FTCS.L and SPXS.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTCS.L tracks First Trust Capital Strength UCITS ETF Class A USD Accumulation, while SPXS.L tracks Invesco S&P 500 UCITS ETF. They also come from different issuers: First Trust and Invesco.
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