FTFX.L vs. MIST.L

Last updated Jul 16, 2026

FTFX.L (First Trust FactorFX UCITS ETF Class A USD) and MIST.L (PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation) are both Global Equities funds - FTFX.L tracks the First Trust FactorFX UCITS ETF Class A USD 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, FTFX.L returned 5.92%/yr vs 2.48%/yr for MIST.L. At a 0.15 correlation, their price movements are largely independent.

Performance

FTFX.L vs. MIST.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust FactorFX UCITS ETF Class A USD (FTFX.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

FTFX.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, FTFX.L achieves a 6.72% return, which is significantly higher than MIST.L's 1.66% 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*: —

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)

FTFX.L vs. MIST.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FTFX.L First Trust FactorFX UCITS ETF Class A USD	6.72%	8.14%	7.93%	9.97%	-1.13%	-3.43%	0.33%	1.06%
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%	3.71%	7.64%

Correlation

The correlation between FTFX.L and MIST.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	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (All Time) Calculated using the full available price history since Sep 25, 2019	0.15

The correlation between FTFX.L and MIST.L shifts across timeframes, from 0.04 (3 years) to 0.15 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FTFX.L vs. MIST.L — Risk / Return Rank

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

FTFX.L

FTFX.L Risk / Return Rank: 65
FTFX.L Sharpe Ratio Rank: 56
FTFX.L Sortino Ratio Rank: 58
FTFX.L Omega Ratio Rank: 65
FTFX.L Calmar Ratio Rank: 79
FTFX.L Martin Ratio Rank: 69

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.

FTFX.L vs. MIST.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 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.

	FTFX.L	MIST.L	Difference
Sharpe ratio: Return per unit of total volatility	1.55	0.62	+0.93
Sortino ratio: Return per unit of downside risk	2.23	0.95	+1.29
Omega ratio: Gain probability vs. loss probability	1.31	1.11	+0.20
Calmar ratio: Return relative to maximum drawdown	3.30	0.96	+2.34
Martin ratio: Return relative to average drawdown	10.01	2.13	+7.89

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

The current FTFX.L Sharpe Ratio is 1.55, which is higher than the MIST.L Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of FTFX.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

FTFX.L vs. MIST.L - Drawdown Comparison

The maximum FTFX.L drawdown since its inception was -8.13%, smaller than the maximum MIST.L drawdown of -26.32%. Use the drawdown chart below to compare losses from any high point for FTFX.L and MIST.L.

Drawdown Indicators

	FTFX.L	MIST.L	Difference
Max Drawdown Largest peak-to-trough decline	-8.13%	-26.32%	+18.19%
Max Drawdown (1Y) Largest decline over 1 year	-2.97%	-4.21%	+1.24%
Max Drawdown (3Y) Largest decline over 3 years	-6.92%	-7.89%	+0.97%
Max Drawdown (5Y) Largest decline over 5 years	-6.92%	-25.04%	+18.12%
Current Drawdown Current decline from peak	0.00%	-1.45%	+1.45%
Average Drawdown Average peak-to-trough decline	-2.08%	-5.96%	+3.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	1.91%	-0.93%

Volatility

FTFX.L vs. MIST.L - Volatility Comparison

The current volatility for First Trust FactorFX UCITS ETF Class A USD (FTFX.L) is 1.26%, while PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.L) has a volatility of 1.69%. This indicates that FTFX.L experiences smaller price fluctuations and is considered to be less risky than MIST.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTFX.L	MIST.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.26%	1.69%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	4.37%	4.92%	-0.55%
Volatility (1Y) Calculated over the trailing 1-year period	6.34%	6.53%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.33%	8.59%	-1.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.18%	8.91%	-2.73%

Dividends

FTFX.L vs. MIST.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

FTFX.L and MIST.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.

What is the main difference between FTFX.L and MIST.L?

FTFX.L tracks First Trust FactorFX UCITS ETF Class A USD, 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.