FTGC vs. FDL
Compare and contrast key facts about First Trust Global Tactical Commodity Strategy Fund (FTGC) and First Trust Morningstar Dividend Leaders Index Fund (FDL).
FTGC and FDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTGC is an actively managed fund by First Trust. It was launched on Oct 23, 2013. FDL is a passively managed fund by First Trust that tracks the performance of the Morningstar Dividend Leaders Index. It was launched on Mar 9, 2006.
Performance
FTGC vs. FDL - Performance Comparison
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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 | 25.41% | 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 | 15.49% | 14.79% | 17.98% | 2.94% | 6.66% | 26.10% | -4.30% | 24.41% | -5.99% | 12.02% |
Returns By Period
In the year-to-date period, FTGC achieves a 25.41% return, which is significantly higher than FDL's 15.49% return. Over the past 10 years, FTGC has underperformed FDL with an annualized return of 8.37%, while FDL has yielded a comparatively higher 11.60% annualized return.
FTGC
- 1D
- 0.53%
- 1M
- 14.11%
- YTD
- 25.41%
- 6M
- 30.43%
- 1Y
- 34.03%
- 3Y*
- 15.69%
- 5Y*
- 15.71%
- 10Y*
- 8.37%
FDL
- 1D
- 0.43%
- 1M
- 0.01%
- YTD
- 15.49%
- 6M
- 19.42%
- 1Y
- 21.84%
- 3Y*
- 18.00%
- 5Y*
- 14.12%
- 10Y*
- 11.60%
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FTGC vs. FDL - Expense Ratio Comparison
FTGC has a 0.95% expense ratio, which is higher than FDL's 0.45% expense ratio.
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.
| FTGC | FDL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.05 | 1.47 | +0.57 |
Sortino ratioReturn per unit of downside risk | 2.67 | 2.06 | +0.61 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.29 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 3.39 | 1.96 | +1.42 |
Martin ratioReturn relative to average drawdown | 10.79 | 7.63 | +3.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FTGC | FDL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 1.47 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 0.99 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.68 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.46 | -0.23 |
Correlation
The correlation between FTGC and FDL is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FTGC vs. FDL - Dividend Comparison
FTGC's dividend yield for the trailing twelve months is around 15.29%, more than FDL's 3.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTGC First Trust Global Tactical Commodity Strategy Fund | 15.29% | 17.74% | 3.05% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% | 0.00% | 0.00% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.61% | 4.04% | 4.96% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% |
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.
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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 | -10.36% | -11.58% | +1.22% |
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 | 0.00% | -0.10% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -27.79% | -9.73% | -18.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 3.10% | +0.15% |
Volatility
FTGC vs. FDL - Volatility Comparison
First Trust Global Tactical Commodity Strategy Fund (FTGC) has a higher volatility of 6.58% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 2.56%. This indicates that FTGC's price experiences larger fluctuations and is considered to be riskier than FDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTGC | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.58% | 2.56% | +4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 12.86% | 8.16% | +4.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.72% | 14.96% | +1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.94% | 14.31% | +1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.69% | 17.09% | -2.40% |