FTWO vs. BESF

Last updated Jun 24, 2026

FTWO (Strive Natural Resources and Security ETF) and BESF (Bastion Energy ETF) are both Energy Equities funds. FTWO is passively managed, while BESF is actively managed. Over the past year, FTWO returned 24.37% vs 61.61% for BESF. At a 0.23 correlation, their price movements are largely independent. FTWO charges 0.49%/yr vs 0.80%/yr for BESF.

Performance

FTWO vs. BESF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive Natural Resources and Security ETF (FTWO) and Bastion Energy ETF (BESF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTWO achieves a 7.77% return, which is significantly lower than BESF's 16.12% return.

FTWO

• 1D: -1.31%
• 1M: -2.45%
• YTD: 7.77%
• 6M: 6.31%
• 1Y: 24.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BESF

• 1D: 1.01%
• 1M: -6.28%
• YTD: 16.12%
• 6M: 15.17%
• 1Y: 61.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTWO vs. BESF - Yearly Performance Comparison

	2026 (YTD)	2025
FTWO Strive Natural Resources and Security ETF	7.77%	18.05%
BESF Bastion Energy ETF	16.12%	38.76%

Correlation

The correlation between FTWO and BESF is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	0.23

Return for Risk

FTWO vs. BESF — Risk / Return Rank

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

FTWO

FTWO Risk / Return Rank: 37
FTWO Sharpe Ratio Rank: 40
FTWO Sortino Ratio Rank: 37
FTWO Omega Ratio Rank: 36
FTWO Calmar Ratio Rank: 36
FTWO Martin Ratio Rank: 35

BESF

BESF Risk / Return Rank: 84
BESF Sharpe Ratio Rank: 86
BESF Sortino Ratio Rank: 83
BESF Omega Ratio Rank: 77
BESF Calmar Ratio Rank: 92
BESF Martin Ratio Rank: 83

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.

FTWO vs. BESF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive Natural Resources and Security ETF (FTWO) and Bastion Energy ETF (BESF). 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.

	FTWO	BESF	Difference
Sharpe ratio: Return per unit of total volatility	1.31	2.52	-1.21
Sortino ratio: Return per unit of downside risk	1.83	3.34	-1.52
Omega ratio: Gain probability vs. loss probability	1.23	1.41	-0.18
Calmar ratio: Return relative to maximum drawdown	1.68	5.64	-3.96
Martin ratio: Return relative to average drawdown	4.88	15.57	-10.69

FTWO vs. BESF - Sharpe Ratio Comparison

The current FTWO Sharpe Ratio is 1.31, which is lower than the BESF Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of FTWO and BESF, 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

FTWO vs. BESF - Drawdown Comparison

The maximum FTWO drawdown since its inception was -18.17%, which is greater than BESF's maximum drawdown of -10.97%. Use the drawdown chart below to compare losses from any high point for FTWO and BESF.

Drawdown Indicators

	FTWO	BESF	Difference
Max Drawdown Largest peak-to-trough decline	-18.17%	-10.97%	-7.20%
Max Drawdown (1Y) Largest decline over 1 year	-14.55%	-10.97%	-3.58%
Current Drawdown Current decline from peak	-11.75%	-8.73%	-3.02%
Average Drawdown Average peak-to-trough decline	-3.57%	-2.74%	-0.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.00%	3.97%	+1.03%

Volatility

FTWO vs. BESF - Volatility Comparison

The current volatility for Strive Natural Resources and Security ETF (FTWO) is 6.27%, while Bastion Energy ETF (BESF) has a volatility of 6.97%. This indicates that FTWO experiences smaller price fluctuations and is considered to be less risky than BESF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTWO	BESF	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.27%	6.97%	-0.70%
Volatility (6M) Calculated over the trailing 6-month period	15.08%	14.93%	+0.15%
Volatility (1Y) Calculated over the trailing 1-year period	18.71%	24.75%	-6.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.31%	24.39%	-5.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.31%	24.39%	-5.08%

FTWO vs. BESF - Expense Ratio Comparison

FTWO has a 0.49% expense ratio, which is lower than BESF's 0.80% expense ratio.

Dividends

FTWO vs. BESF - Dividend Comparison

FTWO's dividend yield for the trailing twelve months is around 1.04%, less than BESF's 5.86% yield.

Position	TTM	2025	2024	2023
BESF Bastion Energy ETF	5.86%	6.39%	0.00%	0.00%
FTWO Strive Natural Resources and Security ETF	1.04%	1.02%	1.23%	0.59%

Frequently Asked Questions

Can I hold both FTWO and BESF in my portfolio?

FTWO and BESF have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTWO or BESF?

BESF has higher volatility (6.97%) compared to FTWO (6.27%). In terms of maximum drawdown, FTWO dropped -18.17% vs BESF's -10.97%.

Which ETF is better, FTWO or BESF?

On 1-year performance, BESF leads with 61.61% vs 24.37% for FTWO. On fees, FTWO is cheaper at 0.49% per year. On volatility, FTWO has been the lower-risk option at 6.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTWO or BESF?

Over the 1-year period, BESF has performed better with a 61.61% return vs 24.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTWO or BESF?

FTWO is cheaper with a 0.49% expense ratio, compared with 0.80% for BESF.

Which ETF pays a higher dividend yield, FTWO or BESF?

BESF has the higher dividend yield at 5.86%, compared with 1.04% for FTWO.

What is the main difference between FTWO and BESF?

They also come from different issuers: Strive and Bastion. Their fees differ too: 0.49% for FTWO and 0.80% for BESF.

Which has better risk-adjusted returns?

BESF currently has the higher Sharpe Ratio (2.52 vs 1.31), 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.