FTGC vs. FDL
FTGC (First Trust Global Tactical Commodity Strategy Fund) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - FTGC is a Commodities fund actively managed by First Trust, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. FTGC is actively managed, while FDL is passively managed. Over the past 10 years, FTGC returned 7.15%/yr vs 11.12%/yr for FDL. At a 0.29 correlation, their price movements are largely independent. FTGC charges 0.95%/yr vs 0.43%/yr for FDL.
Performance
FTGC vs. FDL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FTGC achieves a 18.86% return, which is significantly higher than FDL's 12.67% return. Over the past 10 years, FTGC has underperformed FDL with an annualized return of 7.15%, while FDL has yielded a comparatively higher 11.12% annualized return.
FTGC
- 1D
- -1.14%
- 1M
- -7.37%
- YTD
- 18.86%
- 6M
- 17.54%
- 1Y
- 28.18%
- 3Y*
- 14.26%
- 5Y*
- 12.29%
- 10Y*
- 7.15%
FDL
- 1D
- 1.20%
- 1M
- -2.75%
- YTD
- 12.67%
- 6M
- 13.02%
- 1Y
- 22.39%
- 3Y*
- 19.10%
- 5Y*
- 13.08%
- 10Y*
- 11.12%
FTGC vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTGC First Trust Global Tactical Commodity Strategy Fund | 18.86% | 14.61% | 9.96% | -5.36% | 17.36% | 27.95% | 2.17% | 6.40% | -12.75% | 2.73% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 12.67% | 14.79% | 17.98% | 2.94% | 6.66% | 26.10% | -4.30% | 24.41% | -5.99% | 12.02% |
Correlation
The correlation between FTGC and FDL is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2013 | 0.29 |
The correlation between FTGC and FDL shifts across timeframes, from 0.16 (3 years) to 0.30 (10 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FTGC vs. FDL — Risk / Return Rank
FTGC
FDL
FTGC vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Tactical Commodity Strategy Fund (FTGC) and First Trust Morningstar Dividend Leaders Index Fund (FDL). 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.
| FTGC | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.34 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 5.26 | -2.66 |
| Martin ratioReturn relative to average drawdown | 9.67 | 12.40 | -2.73 |
Loading charts...
Drawdowns
FTGC vs. FDL - Drawdown Comparison
The maximum FTGC drawdown since its inception was -59.47%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for FTGC and FDL.
Loading charts...
Drawdown Indicators
| FTGC | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.47% | -65.93% | +6.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.87% | -4.27% | -6.60% |
Max Drawdown (3Y)Largest decline over 3 years | -10.87% | -12.24% | +1.37% |
Max Drawdown (5Y)Largest decline over 5 years | -22.64% | -16.46% | -6.18% |
Max Drawdown (10Y)Largest decline over 10 years | -35.91% | -41.40% | +5.49% |
Current DrawdownCurrent decline from peak | -10.87% | -3.09% | -7.78% |
Average DrawdownAverage peak-to-trough decline | -27.34% | -9.64% | -17.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 1.81% | +1.13% |
Volatility
FTGC vs. FDL - Volatility Comparison
The current volatility for First Trust Global Tactical Commodity Strategy Fund (FTGC) is 3.07%, while First Trust Morningstar Dividend Leaders Index Fund (FDL) has a volatility of 3.72%. This indicates that FTGC experiences smaller price fluctuations and is considered to be less risky than FDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FTGC | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 3.72% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 13.21% | 8.09% | +5.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.70% | 11.54% | +4.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.87% | 14.31% | +1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.71% | 17.11% | -2.40% |
FTGC vs. FDL - Expense Ratio Comparison
FTGC has a 0.95% expense ratio, which is higher than FDL's 0.43% expense ratio.
Dividends
FTGC vs. FDL - Dividend Comparison
FTGC's dividend yield for the trailing twelve months is around 16.13%, more than FDL's 3.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.70% | 4.04% | 4.96% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 16.13% | 17.74% | 3.05% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% | 0.00% | 0.00% |
Frequently Asked Questions
FTGC and FDL have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDL has higher volatility (3.72%) compared to FTGC (3.07%). In terms of maximum drawdown, FTGC dropped -59.47% vs FDL's -65.93%.
On 10-year performance, FDL leads with 11.12% vs 7.15% for FTGC. On fees, FDL is cheaper at 0.43% per year. On volatility, FTGC has been the lower-risk option at 3.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FDL has performed better with a 11.12% return vs 7.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDL is cheaper with a 0.43% expense ratio, compared with 0.95% for FTGC.
FTGC has the higher dividend yield at 16.13%, compared with 3.70% for FDL.
FTGC is categorized as Commodities, while FDL is Large Cap Value Equities. Their fees differ too: 0.95% for FTGC and 0.43% for FDL.
FDL currently has the higher Sharpe Ratio (1.95 vs 1.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FTGC and FDL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer