FTGC vs. XOP
FTGC (First Trust Global Tactical Commodity Strategy Fund) and XOP (SPDR S&P Oil & Gas Exploration & Production ETF) are both exchange-traded funds - FTGC is a Commodities fund actively managed by First Trust, while XOP is a Energy Equities fund tracking the S&P Oil & Gas Exploration & Production Select Industry. FTGC is actively managed, while XOP is passively managed. Over the past 10 years, FTGC returned 7.29%/yr vs 2.97%/yr for XOP. A 0.52 correlation means they provide meaningful diversification when combined. FTGC charges 0.95%/yr vs 0.35%/yr for XOP.
Performance
FTGC vs. XOP - Performance Comparison
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Returns By Period
In the year-to-date period, FTGC achieves a 23.17% return, which is significantly lower than XOP's 26.71% return. Over the past 10 years, FTGC has outperformed XOP with an annualized return of 7.29%, while XOP has yielded a comparatively lower 2.97% 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%
XOP
- 1D
- -0.56%
- 1M
- -2.49%
- 6M
- 25.57%
- YTD
- 26.71%
- 1Y
- 21.93%
- 3Y*
- 8.56%
- 5Y*
- 13.75%
- 10Y*
- 2.97%
FTGC vs. XOP - 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% |
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 26.71% | -2.15% | -1.00% | 3.56% | 45.37% | 66.74% | -36.40% | -9.44% | -28.10% | -9.47% |
Correlation
The correlation between FTGC and XOP is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2013 | 0.52 |
The correlation between FTGC and XOP has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.
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Return for Risk
FTGC vs. XOP — Risk / Return Rank
FTGC
XOP
FTGC vs. XOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Tactical Commodity Strategy Fund (FTGC) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP). 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 | XOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.15 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 1.23 | +1.45 |
| Martin ratioReturn relative to average drawdown | 9.04 | 3.01 | +6.03 |
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Drawdowns
FTGC vs. XOP - Drawdown Comparison
The maximum FTGC drawdown since its inception was -59.47%, smaller than the maximum XOP drawdown of -90.27%. Use the drawdown chart below to compare losses from any high point for FTGC and XOP.
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Drawdown Indicators
| FTGC | XOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.47% | -90.27% | +30.80% |
Max Drawdown (1Y)Largest decline over 1 year | -12.34% | -18.50% | +6.16% |
Max Drawdown (3Y)Largest decline over 3 years | -12.34% | -34.98% | +22.64% |
Max Drawdown (5Y)Largest decline over 5 years | -22.64% | -34.98% | +12.34% |
Max Drawdown (10Y)Largest decline over 10 years | -35.91% | -82.61% | +46.70% |
Current DrawdownCurrent decline from peak | -7.64% | -40.77% | +33.13% |
Average DrawdownAverage peak-to-trough decline | -27.27% | -42.57% | +15.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 7.54% | -3.90% |
Volatility
FTGC vs. XOP - Volatility Comparison
The current volatility for First Trust Global Tactical Commodity Strategy Fund (FTGC) is 4.13%, while SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has a volatility of 7.88%. This indicates that FTGC experiences smaller price fluctuations and is considered to be less risky than XOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTGC | XOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 7.88% | -3.75% |
Volatility (6M)Calculated over the trailing 6-month period | 13.34% | 22.07% | -8.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.76% | 28.03% | -12.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.86% | 33.73% | -17.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.71% | 40.17% | -25.46% |
FTGC vs. XOP - Expense Ratio Comparison
FTGC has a 0.95% expense ratio, which is higher than XOP's 0.35% expense ratio.
Dividends
FTGC vs. XOP - Dividend Comparison
FTGC's dividend yield for the trailing twelve months is around 15.73%, more than XOP's 2.05% 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% |
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 2.05% | 2.62% | 2.45% | 2.63% | 2.47% | 1.61% | 2.34% | 1.47% | 0.99% | 0.76% | 0.76% | 2.21% |
Frequently Asked Questions
FTGC and XOP have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XOP has higher volatility (7.88%) compared to FTGC (4.13%). In terms of maximum drawdown, FTGC dropped -59.47% vs XOP's -90.27%.
On 10-year performance, FTGC leads with 7.29% vs 2.97% for XOP. On fees, XOP is cheaper at 0.35% per year. On volatility, FTGC has been the lower-risk option at 4.13%. 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 2.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XOP is cheaper with a 0.35% expense ratio, compared with 0.95% for FTGC.
FTGC has the higher dividend yield at 15.73%, compared with 2.05% for XOP.
FTGC is categorized as Commodities, while XOP is Energy Equities. They also come from different issuers: First Trust and State Street. Their fees differ too: 0.95% for FTGC and 0.35% for XOP.
FTGC currently has the higher Sharpe Ratio (2.10 vs 0.81), 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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