FTCS.L vs. VPAC.L
FTCS.L (First Trust Capital Strength UCITS ETF Class A USD Accumulation) and VPAC.L (Invesco Variable Rate Preferred Shares UCITS ETF USD) are both Global Equities funds - FTCS.L tracks the First Trust Capital Strength UCITS ETF Class A USD Accumulation while VPAC.L tracks the Invesco Variable Rate Preferred Shares UCITS ETF USD. Both are passively managed. Over the past 5 years, FTCS.L returned 5.52%/yr vs 3.51%/yr for VPAC.L. At a 0.39 correlation, their price movements are largely independent.
Performance
FTCS.L vs. VPAC.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 higher than VPAC.L's 2.04% 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*
- —
VPAC.L
- 1D
- -0.12%
- 1M
- 0.03%
- 6M
- 1.83%
- YTD
- 2.04%
- 1Y
- 5.32%
- 3Y*
- 8.42%
- 5Y*
- 3.51%
- 10Y*
- —
FTCS.L vs. VPAC.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% |
VPAC.L Invesco Variable Rate Preferred Shares UCITS ETF USD | 2.04% | 6.34% | 10.84% | 9.27% | -9.70% | 3.64% | 3.86% |
Correlation
The correlation between FTCS.L and VPAC.L is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.39 |
Over the past year, the correlation between FTCS.L and VPAC.L has dropped to 0.09 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
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Return for Risk
FTCS.L vs. VPAC.L — Risk / Return Rank
FTCS.L
VPAC.L
FTCS.L vs. VPAC.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 Variable Rate Preferred Shares UCITS ETF USD (VPAC.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 | VPAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.32 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 2.54 | -1.63 |
| Martin ratioReturn relative to average drawdown | 1.88 | 9.98 | -8.10 |
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Drawdowns
FTCS.L vs. VPAC.L - Drawdown Comparison
The maximum FTCS.L drawdown since its inception was -31.99%, smaller than the maximum VPAC.L drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for FTCS.L and VPAC.L.
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Drawdown Indicators
| FTCS.L | VPAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.99% | -34.25% | +2.26% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -2.02% | -6.66% |
Max Drawdown (3Y)Largest decline over 3 years | -12.77% | -3.40% | -9.37% |
Max Drawdown (5Y)Largest decline over 5 years | -20.63% | -13.89% | -6.74% |
Current DrawdownCurrent decline from peak | -4.30% | -0.33% | -3.97% |
Average DrawdownAverage peak-to-trough decline | -5.78% | -3.14% | -2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.21% | 0.52% | +3.69% |
Volatility
FTCS.L vs. VPAC.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 Variable Rate Preferred Shares UCITS ETF USD (VPAC.L) at 0.74%. This indicates that FTCS.L's price experiences larger fluctuations and is considered to be riskier than VPAC.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 | VPAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 0.74% | +3.76% |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | 2.28% | +6.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 3.17% | +7.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 5.30% | +8.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.65% | 11.00% | +6.65% |
Dividends
FTCS.L vs. VPAC.L - Dividend Comparison
Neither FTCS.L nor VPAC.L has paid dividends to shareholders.
Frequently Asked Questions
FTCS.L and VPAC.L have a correlation of 0.09, 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 VPAC.L tracks Invesco Variable Rate Preferred Shares UCITS ETF USD. They also come from different issuers: First Trust and Invesco.
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