FTRI vs. PICK

Last updated Jun 24, 2026

FTRI (First Trust Indxx Global Natural Resources Income ETF) and PICK (iShares MSCI Global Metals & Mining Producers ETF) are both exchange-traded funds - FTRI is a Natural Resources fund tracking the Indxx Global Natural Resources Income Index, while PICK is a Metals fund tracking the MSCI ACWI Select Metals & Mining Producers ex Gold and Silver Investable Market Index. Both are passively managed. Over the past 10 years, FTRI returned 9.97%/yr vs 16.67%/yr for PICK. A 0.78 correlation means they provide meaningful diversification when combined. FTRI charges 0.70%/yr vs 0.39%/yr for PICK.

Performance

FTRI vs. PICK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Global Natural Resources Income ETF (FTRI) and iShares MSCI Global Metals & Mining Producers ETF (PICK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTRI achieves a 3.36% return, which is significantly lower than PICK's 17.36% return. Over the past 10 years, FTRI has underperformed PICK with an annualized return of 9.97%, while PICK has yielded a comparatively higher 16.67% annualized return.

FTRI

• 1D: -1.95%
• 1M: -5.47%
• YTD: 3.36%
• 6M: 2.05%
• 1Y: 14.91%
• 3Y*: 12.98%
• 5Y*: 7.56%
• 10Y*: 9.97%

PICK

• 1D: -4.38%
• 1M: -5.22%
• YTD: 17.36%
• 6M: 17.02%
• 1Y: 69.31%
• 3Y*: 18.27%
• 5Y*: 10.54%
• 10Y*: 16.67%

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

FTRI vs. PICK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTRI First Trust Indxx Global Natural Resources Income ETF	3.36%	33.62%	-3.93%	1.53%	7.49%	25.29%	-0.79%	21.97%	-8.34%	11.77%
PICK iShares MSCI Global Metals & Mining Producers ETF	17.36%	51.89%	-16.37%	9.69%	2.54%	22.61%	27.46%	16.47%	-18.65%	38.42%

Correlation

The correlation between FTRI and PICK is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Dec 21, 2015	0.78

The correlation between FTRI and PICK has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.

FTRI vs. PICK - Sectors Allocation Comparison

Sectors	FTRI	PICK
Basic Materials	56.6%	96.0%
Energy	15.7%	0.0%
Utilities	15.6%	-
Consumer Defensive	4.8%	0.1%
Consumer Cyclical	3.9%	-
Real Estate	3.6%	-
Communication Services	-	-
Financial Services	-	0.1%
Healthcare	-	-
Industrials	-	3.1%
Technology	-	0.9%

Return for Risk

FTRI vs. PICK — Risk / Return Rank

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

FTRI

FTRI Risk / Return Rank: 23
FTRI Sharpe Ratio Rank: 24
FTRI Sortino Ratio Rank: 22
FTRI Omega Ratio Rank: 23
FTRI Calmar Ratio Rank: 22
FTRI Martin Ratio Rank: 24

PICK

PICK Risk / Return Rank: 71
PICK Sharpe Ratio Rank: 76
PICK Sortino Ratio Rank: 63
PICK Omega Ratio Rank: 69
PICK Calmar Ratio Rank: 73
PICK Martin Ratio Rank: 74

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.

FTRI vs. PICK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Global Natural Resources Income ETF (FTRI) and iShares MSCI Global Metals & Mining Producers ETF (PICK). 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.

	FTRI	PICK	Difference
Sharpe ratio: Return per unit of total volatility	0.83	2.31	-1.48
Sortino ratio: Return per unit of downside risk	1.15	2.79	-1.64
Omega ratio: Gain probability vs. loss probability	1.15	1.39	-0.24
Calmar ratio: Return relative to maximum drawdown	0.98	3.56	-2.58
Martin ratio: Return relative to average drawdown	3.00	13.38	-10.38

FTRI vs. PICK - Sharpe Ratio Comparison

The current FTRI Sharpe Ratio is 0.83, which is lower than the PICK Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of FTRI and PICK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FTRI vs. PICK - Drawdown Comparison

The maximum FTRI drawdown since its inception was -43.82%, smaller than the maximum PICK drawdown of -68.87%. Use the drawdown chart below to compare losses from any high point for FTRI and PICK.

Drawdown Indicators

	FTRI	PICK	Difference
Max Drawdown Largest peak-to-trough decline	-43.82%	-68.87%	+25.05%
Max Drawdown (1Y) Largest decline over 1 year	-15.26%	-19.54%	+4.28%
Max Drawdown (3Y) Largest decline over 3 years	-15.26%	-32.52%	+17.26%
Max Drawdown (5Y) Largest decline over 5 years	-27.51%	-36.37%	+8.86%
Max Drawdown (10Y) Largest decline over 10 years	-43.82%	-52.72%	+8.90%
Current Drawdown Current decline from peak	-15.26%	-12.59%	-2.67%
Average Drawdown Average peak-to-trough decline	-8.48%	-24.06%	+15.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.98%	5.20%	-0.22%

Volatility

FTRI vs. PICK - Volatility Comparison

The current volatility for First Trust Indxx Global Natural Resources Income ETF (FTRI) is 6.05%, while iShares MSCI Global Metals & Mining Producers ETF (PICK) has a volatility of 13.12%. This indicates that FTRI experiences smaller price fluctuations and is considered to be less risky than PICK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTRI	PICK	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.05%	13.12%	-7.07%
Volatility (6M) Calculated over the trailing 6-month period	14.92%	26.56%	-11.64%
Volatility (1Y) Calculated over the trailing 1-year period	18.08%	30.14%	-12.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.77%	28.14%	-7.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.94%	28.34%	-6.40%

FTRI vs. PICK - Expense Ratio Comparison

FTRI has a 0.70% expense ratio, which is higher than PICK's 0.39% expense ratio.

Dividends

FTRI vs. PICK - Dividend Comparison

FTRI's dividend yield for the trailing twelve months is around 2.51%, more than PICK's 2.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTRI First Trust Indxx Global Natural Resources Income ETF	2.51%	2.35%	4.29%	6.56%	8.37%	6.58%	3.64%	6.25%	4.24%	3.60%	2.96%	0.89%
PICK iShares MSCI Global Metals & Mining Producers ETF	2.21%	2.88%	3.26%	4.19%	6.93%	5.89%	2.27%	5.51%	4.77%	2.41%	1.15%	15.77%

Frequently Asked Questions

Can I hold both FTRI and PICK in my portfolio?

FTRI and PICK have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTRI or PICK?

PICK has higher volatility (13.12%) compared to FTRI (6.05%). In terms of maximum drawdown, FTRI dropped -43.82% vs PICK's -68.87%.

Which ETF is better, FTRI or PICK?

On 10-year performance, PICK leads with 16.67% vs 9.97% for FTRI. On fees, PICK is cheaper at 0.39% per year. On volatility, FTRI has been the lower-risk option at 6.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTRI or PICK?

Over the 10-year period, PICK has performed better with a 16.67% return vs 9.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTRI or PICK?

PICK is cheaper with a 0.39% expense ratio, compared with 0.70% for FTRI.

Which ETF pays a higher dividend yield, FTRI or PICK?

FTRI has the higher dividend yield at 2.51%, compared with 2.21% for PICK.

What is the main difference between FTRI and PICK?

FTRI is categorized as Natural Resources, while PICK is Metals. FTRI tracks Indxx Global Natural Resources Income Index, while PICK tracks MSCI ACWI Select Metals & Mining Producers ex Gold and Silver Investable Market Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.70% for FTRI and 0.39% for PICK.

Which has better risk-adjusted returns?

PICK currently has the higher Sharpe Ratio (2.31 vs 0.83), 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.