FTGC vs. USD
FTGC (First Trust Global Tactical Commodity Strategy Fund) and USD (ProShares Ultra Semiconductors) are both exchange-traded funds - FTGC is a Commodities fund actively managed by First Trust, while USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). FTGC is actively managed, while USD is passively managed. Over the past 10 years, FTGC returned 7.15%/yr vs 61.02%/yr for USD. At a 0.18 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.
Performance
FTGC vs. USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FTGC achieves a 18.86% return, which is significantly lower than USD's 84.65% return. Over the past 10 years, FTGC has underperformed USD with an annualized return of 7.15%, while USD has yielded a comparatively higher 61.02% 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%
USD
- 1D
- -12.35%
- 1M
- 1.73%
- YTD
- 84.65%
- 6M
- 79.76%
- 1Y
- 206.76%
- 3Y*
- 114.28%
- 5Y*
- 63.13%
- 10Y*
- 61.02%
FTGC vs. USD - 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% |
USD ProShares Ultra Semiconductors | 84.65% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
Correlation
The correlation between FTGC and USD 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 | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2013 | 0.18 |
The correlation between FTGC and USD shifts across timeframes, from 0.03 (1 year) to 0.19 (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. USD — Risk / Return Rank
FTGC
USD
FTGC vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Tactical Commodity Strategy Fund (FTGC) and ProShares Ultra Semiconductors (USD). 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 | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.40 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 6.54 | -3.94 |
| Martin ratioReturn relative to average drawdown | 9.67 | 18.16 | -8.49 |
Loading charts...
Drawdowns
FTGC vs. USD - Drawdown Comparison
The maximum FTGC drawdown since its inception was -59.47%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for FTGC and USD.
Loading charts...
Drawdown Indicators
| FTGC | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.47% | -88.63% | +29.16% |
Max Drawdown (1Y)Largest decline over 1 year | -10.87% | -31.80% | +20.93% |
Max Drawdown (3Y)Largest decline over 3 years | -10.87% | -64.46% | +53.59% |
Max Drawdown (5Y)Largest decline over 5 years | -22.64% | -77.85% | +55.21% |
Max Drawdown (10Y)Largest decline over 10 years | -35.91% | -77.85% | +41.94% |
Current DrawdownCurrent decline from peak | -10.87% | -14.69% | +3.82% |
Average DrawdownAverage peak-to-trough decline | -27.34% | -32.29% | +4.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 11.44% | -8.50% |
Volatility
FTGC vs. USD - Volatility Comparison
The current volatility for First Trust Global Tactical Commodity Strategy Fund (FTGC) is 3.07%, while ProShares Ultra Semiconductors (USD) has a volatility of 34.07%. This indicates that FTGC experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FTGC | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 34.07% | -31.00% |
Volatility (6M)Calculated over the trailing 6-month period | 13.21% | 54.13% | -40.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.70% | 67.96% | -52.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.87% | 77.73% | -61.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.71% | 69.83% | -55.12% |
FTGC vs. USD - Expense Ratio Comparison
Both FTGC and USD have an expense ratio of 0.95%.
Dividends
FTGC vs. USD - Dividend Comparison
FTGC's dividend yield for the trailing twelve months is around 16.13%, more than USD's 0.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
USD ProShares Ultra Semiconductors | 0.25% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
FTGC and USD 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.
USD has higher volatility (34.07%) compared to FTGC (3.07%). In terms of maximum drawdown, FTGC dropped -59.47% vs USD's -88.63%.
On 10-year performance, USD leads with 61.02% vs 7.15% for FTGC. Both ETFs have the same 0.95% expense ratio. 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, USD has performed better with a 61.02% return vs 7.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTGC and USD have the same expense ratio: 0.95% per year.
FTGC has the higher dividend yield at 16.13%, compared with 0.25% for USD.
FTGC is categorized as Commodities, while USD is Leveraged Equities. They also come from different issuers: First Trust and ProShares.
USD currently has the higher Sharpe Ratio (3.06 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 USD
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