FTFX.L vs. FBT.L
FTFX.L (First Trust FactorFX UCITS ETF Class A USD) and FBT.L (First Trust NYSE Arca Biotechnology UCITS ETF Acc) are both exchange-traded funds - FTFX.L is a Global Equities fund tracking the First Trust FactorFX UCITS ETF Class A USD, while FBT.L is a Health & Biotech Equities fund tracking the NASDAQ Biotechnology TR USD. Both are passively managed. Over the past 5 years, FTFX.L returned 5.92%/yr vs 8.43%/yr for FBT.L. At a 0.13 correlation, their price movements are largely independent.
Performance
FTFX.L vs. FBT.L - Performance Comparison
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Different Trading Currencies
FTFX.L is traded in USD, while FBT.L is traded in GBp. To make them comparable, the FBT.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FTFX.L achieves a 6.72% return, which is significantly lower than FBT.L's 17.95% return.
FTFX.L
- 1D
- 0.81%
- 1M
- 2.12%
- 6M
- 6.59%
- YTD
- 6.72%
- 1Y
- 10.31%
- 3Y*
- 6.78%
- 5Y*
- 5.92%
- 10Y*
- —
FBT.L
- 1D
- 0.95%
- 1M
- 9.25%
- 6M
- 15.56%
- YTD
- 17.95%
- 1Y
- 50.74%
- 3Y*
- 17.04%
- 5Y*
- 8.43%
- 10Y*
- —
FTFX.L vs. FBT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FTFX.L First Trust FactorFX UCITS ETF Class A USD | 6.72% | 8.14% | 7.93% | 9.97% | -1.13% | -3.43% | 5.26% |
FBT.L First Trust NYSE Arca Biotechnology UCITS ETF Acc | 17.95% | 26.13% | 4.75% | 3.37% | -5.94% | -3.45% | 8,353.72% |
Correlation
The correlation between FTFX.L and FBT.L is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since May 20, 2020 | 0.13 |
The correlation between FTFX.L and FBT.L shifts across timeframes, from 0.01 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FTFX.L vs. FBT.L — Risk / Return Rank
FTFX.L
FBT.L
FTFX.L vs. FBT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust FactorFX UCITS ETF Class A USD (FTFX.L) and First Trust NYSE Arca Biotechnology UCITS ETF Acc (FBT.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.
| FTFX.L | FBT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.39 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 3.50 | -0.20 |
| Martin ratioReturn relative to average drawdown | 10.01 | 9.66 | +0.35 |
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Drawdowns
FTFX.L vs. FBT.L - Drawdown Comparison
The maximum FTFX.L drawdown since its inception was -8.13%, smaller than the maximum FBT.L drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FTFX.L and FBT.L.
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Drawdown Indicators
| FTFX.L | FBT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.13% | -33.79% | +25.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | -14.43% | +11.46% |
Max Drawdown (3Y)Largest decline over 3 years | -6.92% | -22.01% | +15.09% |
Max Drawdown (5Y)Largest decline over 5 years | -6.92% | -29.85% | +22.93% |
Current DrawdownCurrent decline from peak | 0.00% | -3.52% | +3.52% |
Average DrawdownAverage peak-to-trough decline | -2.08% | -12.92% | +10.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 5.24% | -4.26% |
Volatility
FTFX.L vs. FBT.L - Volatility Comparison
The current volatility for First Trust FactorFX UCITS ETF Class A USD (FTFX.L) is 1.26%, while First Trust NYSE Arca Biotechnology UCITS ETF Acc (FBT.L) has a volatility of 6.14%. This indicates that FTFX.L experiences smaller price fluctuations and is considered to be less risky than FBT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTFX.L | FBT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 6.14% | -4.88% |
Volatility (6M)Calculated over the trailing 6-month period | 4.37% | 16.56% | -12.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.34% | 21.48% | -15.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.33% | 24.63% | -17.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.18% | 3,217.96% | -3,211.78% |
Dividends
FTFX.L vs. FBT.L - Dividend Comparison
Neither FTFX.L nor FBT.L has paid dividends to shareholders.
Frequently Asked Questions
FTFX.L and FBT.L have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTFX.L is categorized as Global Equities, while FBT.L is Health & Biotech Equities. FTFX.L tracks First Trust FactorFX UCITS ETF Class A USD, while FBT.L tracks NASDAQ Biotechnology TR USD.
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