FTGC vs. TIP
FTGC (First Trust Global Tactical Commodity Strategy Fund) and TIP (iShares TIPS Bond ETF) are both exchange-traded funds - FTGC is a Commodities fund actively managed by First Trust, while TIP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index. FTGC is actively managed, while TIP is passively managed. Over the past 10 years, FTGC returned 7.29%/yr vs 2.34%/yr for TIP. At a 0.08 correlation, their price movements are largely independent. FTGC charges 0.95%/yr vs 0.18%/yr for TIP.
Performance
FTGC vs. TIP - Performance Comparison
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Returns By Period
In the year-to-date period, FTGC achieves a 23.17% return, which is significantly higher than TIP's 1.00% return. Over the past 10 years, FTGC has outperformed TIP with an annualized return of 7.29%, while TIP has yielded a comparatively lower 2.34% annualized return.
FTGC
- 1D
- -0.11%
- 1M
- 0.98%
- 6M
- 21.09%
- YTD
- 23.17%
- 1Y
- 31.25%
- 3Y*
- 15.14%
- 5Y*
- 12.87%
- 10Y*
- 7.29%
TIP
- 1D
- 0.01%
- 1M
- -0.38%
- 6M
- 0.76%
- YTD
- 1.00%
- 1Y
- 3.30%
- 3Y*
- 4.07%
- 5Y*
- 0.66%
- 10Y*
- 2.34%
FTGC vs. TIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTGC First Trust Global Tactical Commodity Strategy Fund | 23.17% | 14.61% | 9.96% | -5.36% | 17.36% | 27.95% | 2.17% | 6.40% | -12.75% | 2.73% |
TIP iShares TIPS Bond ETF | 1.00% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
Correlation
The correlation between FTGC and TIP is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2013 | 0.08 |
The correlation between FTGC and TIP shifts across timeframes, from -0.03 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FTGC vs. TIP — Risk / Return Rank
FTGC
TIP
FTGC vs. TIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Tactical Commodity Strategy Fund (FTGC) and iShares TIPS Bond ETF (TIP). 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 | TIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.16 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 1.59 | +1.08 |
| Martin ratioReturn relative to average drawdown | 9.04 | 4.58 | +4.47 |
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Drawdowns
FTGC vs. TIP - Drawdown Comparison
The maximum FTGC drawdown since its inception was -59.47%, which is greater than TIP's maximum drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for FTGC and TIP.
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Drawdown Indicators
| FTGC | TIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.47% | -14.57% | -44.90% |
Max Drawdown (1Y)Largest decline over 1 year | -12.34% | -1.98% | -10.36% |
Max Drawdown (3Y)Largest decline over 3 years | -12.34% | -4.54% | -7.80% |
Max Drawdown (5Y)Largest decline over 5 years | -22.64% | -14.51% | -8.13% |
Max Drawdown (10Y)Largest decline over 10 years | -35.91% | -14.51% | -21.40% |
Current DrawdownCurrent decline from peak | -7.64% | -0.85% | -6.79% |
Average DrawdownAverage peak-to-trough decline | -27.27% | -3.42% | -23.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 0.69% | +2.95% |
Volatility
FTGC vs. TIP - Volatility Comparison
First Trust Global Tactical Commodity Strategy Fund (FTGC) has a higher volatility of 4.13% compared to iShares TIPS Bond ETF (TIP) at 1.25%. This indicates that FTGC's price experiences larger fluctuations and is considered to be riskier than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTGC | TIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 1.25% | +2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 13.34% | 2.54% | +10.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.76% | 3.47% | +12.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.86% | 6.20% | +9.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.71% | 5.73% | +8.98% |
FTGC vs. TIP - Expense Ratio Comparison
FTGC has a 0.95% expense ratio, which is higher than TIP's 0.18% expense ratio.
Dividends
FTGC vs. TIP - Dividend Comparison
FTGC's dividend yield for the trailing twelve months is around 15.73%, more than TIP's 4.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTGC First Trust Global Tactical Commodity Strategy Fund | 15.73% | 17.74% | 3.05% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% | 0.00% | 0.00% |
TIP iShares TIPS Bond ETF | 4.44% | 3.46% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% |
Frequently Asked Questions
FTGC and TIP have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTGC has higher volatility (4.13%) compared to TIP (1.25%). In terms of maximum drawdown, FTGC dropped -59.47% vs TIP's -14.57%.
On 10-year performance, FTGC leads with 7.29% vs 2.34% for TIP. On fees, TIP is cheaper at 0.18% per year. On volatility, TIP has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FTGC has performed better with a 7.29% return vs 2.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TIP is cheaper with a 0.18% expense ratio, compared with 0.95% for FTGC.
FTGC has the higher dividend yield at 15.73%, compared with 4.44% for TIP.
FTGC is categorized as Commodities, while TIP is Inflation-Protected Bonds. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.95% for FTGC and 0.18% for TIP.
FTGC currently has the higher Sharpe Ratio (2.10 vs 0.91), 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.
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