FTGS.DE vs. SPP2.DE

Last updated Jun 5, 2026

FTGS.DE (First Trust Global Capital Strength ESG Leaders UCITS ETF Class A Accumulation) and SPP2.DE (SPDR MSCI ACWI UCITS ETF USD Hedged Acc) are both Global Equities funds - FTGS.DE tracks the First Trust Global Capital Strength ESG Leaders while SPP2.DE tracks the MSCI ACWI (USD Hedged). Both are passively managed. Over the past 3 years, FTGS.DE returned 6.17%/yr vs 18.34%/yr for SPP2.DE. A 0.63 correlation means they provide meaningful diversification when combined. FTGS.DE charges 0.75%/yr vs 0.45%/yr for SPP2.DE.

Performance

FTGS.DE vs. SPP2.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in First Trust Global Capital Strength ESG Leaders UCITS ETF Class A Accumulation (FTGS.DE) and SPDR MSCI ACWI UCITS ETF USD Hedged Acc (SPP2.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FTGS.DE is traded in EUR, while SPP2.DE is traded in USD. To make them comparable, the SPP2.DE values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, FTGS.DE achieves a -0.93% return, which is significantly lower than SPP2.DE's 13.03% return.

FTGS.DE

• 1D: 0.70%
• 1M: 1.61%
• YTD: -0.93%
• 6M: -0.09%
• 1Y: -2.79%
• 3Y*: 6.17%
• 5Y*: —
• 10Y*: —

SPP2.DE

• 1D: -0.15%
• 1M: 5.25%
• YTD: 13.03%
• 6M: 13.50%
• 1Y: 27.58%
• 3Y*: 18.34%
• 5Y*: 13.66%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTGS.DE vs. SPP2.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FTGS.DE First Trust Global Capital Strength ESG Leaders UCITS ETF Class A Accumulation	-0.93%	-0.97%	16.36%	8.51%	-0.83%
SPP2.DE SPDR MSCI ACWI UCITS ETF USD Hedged Acc	13.03%	7.39%	27.67%	19.17%	-3.59%

Correlation

The correlation between FTGS.DE and SPP2.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.63

Over the past year, the correlation between FTGS.DE and SPP2.DE has dropped to 0.39 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.

Return for Risk

FTGS.DE vs. SPP2.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTGS.DE

FTGS.DE Risk / Return Rank: 6
FTGS.DE Sharpe Ratio Rank: 6
FTGS.DE Sortino Ratio Rank: 6
FTGS.DE Omega Ratio Rank: 6
FTGS.DE Calmar Ratio Rank: 5
FTGS.DE Martin Ratio Rank: 5

SPP2.DE

SPP2.DE Risk / Return Rank: 78
SPP2.DE Sharpe Ratio Rank: 77
SPP2.DE Sortino Ratio Rank: 82
SPP2.DE Omega Ratio Rank: 78
SPP2.DE Calmar Ratio Rank: 74
SPP2.DE Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTGS.DE vs. SPP2.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Global Capital Strength ESG Leaders UCITS ETF Class A Accumulation (FTGS.DE) and SPDR MSCI ACWI UCITS ETF USD Hedged Acc (SPP2.DE). 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.

	FTGS.DE	SPP2.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.31	2.19	-2.49
Sortino ratio: Return per unit of downside risk	-0.36	3.05	-3.42
Omega ratio: Gain probability vs. loss probability	0.96	1.41	-0.45
Calmar ratio: Return relative to maximum drawdown	-0.43	4.68	-5.11
Martin ratio: Return relative to average drawdown	-0.88	16.59	-17.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTGS.DE vs. SPP2.DE - Sharpe Ratio Comparison

The current FTGS.DE Sharpe Ratio is -0.31, which is lower than the SPP2.DE Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of FTGS.DE and SPP2.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FTGS.DE	SPP2.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.31	2.19	-2.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	1.08	-0.67

Drawdowns

FTGS.DE vs. SPP2.DE - Drawdown Comparison

The maximum FTGS.DE drawdown since its inception was -13.82%, smaller than the maximum SPP2.DE drawdown of -21.23%. Use the drawdown chart below to compare losses from any high point for FTGS.DE and SPP2.DE.

Drawdown Indicators

	FTGS.DE	SPP2.DE	Difference
Max Drawdown Largest peak-to-trough decline	-13.82%	-21.23%	+7.41%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-5.87%	-0.60%
Max Drawdown (3Y) Largest decline over 3 years	-13.82%	-21.23%	+7.41%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.23%	—
Current Drawdown Current decline from peak	-6.39%	-0.53%	-5.86%
Average Drawdown Average peak-to-trough decline	-4.30%	-3.51%	-0.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	1.66%	+1.52%

Volatility

FTGS.DE vs. SPP2.DE - Volatility Comparison

The current volatility for First Trust Global Capital Strength ESG Leaders UCITS ETF Class A Accumulation (FTGS.DE) is 3.10%, while SPDR MSCI ACWI UCITS ETF USD Hedged Acc (SPP2.DE) has a volatility of 3.27%. This indicates that FTGS.DE experiences smaller price fluctuations and is considered to be less risky than SPP2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTGS.DE	SPP2.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.10%	3.27%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	6.73%	9.26%	-2.53%
Volatility (1Y) Calculated over the trailing 1-year period	9.07%	12.55%	-3.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.69%	14.69%	-3.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.69%	14.56%	-2.87%

FTGS.DE vs. SPP2.DE - Expense Ratio Comparison

FTGS.DE has a 0.75% expense ratio, which is higher than SPP2.DE's 0.45% expense ratio.

Dividends

FTGS.DE vs. SPP2.DE - Dividend Comparison

Neither FTGS.DE nor SPP2.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FTGS.DE and SPP2.DE in my portfolio?

FTGS.DE and SPP2.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTGS.DE or SPP2.DE?

On fees, SPP2.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTGS.DE or SPP2.DE?

SPP2.DE is cheaper with a 0.45% expense ratio, compared with 0.75% for FTGS.DE.

What is the main difference between FTGS.DE and SPP2.DE?

FTGS.DE tracks First Trust Global Capital Strength ESG Leaders, while SPP2.DE tracks MSCI ACWI (USD Hedged). They also come from different issuers: First Trust and State Street. Their fees differ too: 0.75% for FTGS.DE and 0.45% for SPP2.DE.