FTWO vs. UPGR

Last updated Jun 5, 2026

FTWO (Strive Natural Resources and Security ETF) and UPGR (Xtrackers US Green Infrastructure Select Equity ETF) are both Energy Equities funds - FTWO tracks the Bloomberg Natural Resources and Security Total Return Index while UPGR tracks the Solactive United States Green Infrastructure ESG Screened Index - Benchmark TR Gross. Both are passively managed. Over the past year, FTWO returned 32.31% vs 73.35% for UPGR. A 0.59 correlation means they provide meaningful diversification when combined. FTWO charges 0.49%/yr vs 0.35%/yr for UPGR.

Performance

FTWO vs. UPGR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive Natural Resources and Security ETF (FTWO) and Xtrackers US Green Infrastructure Select Equity ETF (UPGR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTWO achieves a 11.48% return, which is significantly lower than UPGR's 23.29% return.

FTWO

• 1D: 0.52%
• 1M: -0.78%
• YTD: 11.48%
• 6M: 12.50%
• 1Y: 32.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UPGR

• 1D: 0.97%
• 1M: 11.33%
• YTD: 23.29%
• 6M: 17.90%
• 1Y: 73.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTWO vs. UPGR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FTWO Strive Natural Resources and Security ETF	11.48%	43.06%	14.97%	1.46%
UPGR Xtrackers US Green Infrastructure Select Equity ETF	23.29%	35.25%	-14.72%	-6.50%

Correlation

The correlation between FTWO and UPGR is 0.59, 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	0.59
Correlation (All Time) Calculated using the full available price history since Sep 1, 2023	0.59

The correlation between FTWO and UPGR has been stable across timeframes, ranging from 0.59 to 0.59 - a consistent structural relationship.

FTWO vs. UPGR - Sectors Allocation Comparison

Sectors	FTWO	UPGR
Industrials	32.2%	51.4%
Energy	29.1%	9.8%
Basic Materials	25.9%	10.0%
Utilities	11.7%	12.2%
Consumer Defensive	1.2%	2.1%
Communication Services	-	-
Consumer Cyclical	-	10.4%
Financial Services	-	0.1%
Healthcare	-	-
Real Estate	-	-
Technology	-	3.9%

Return for Risk

FTWO vs. UPGR — Risk / Return Rank

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

FTWO

FTWO Risk / Return Rank: 51
FTWO Sharpe Ratio Rank: 53
FTWO Sortino Ratio Rank: 50
FTWO Omega Ratio Rank: 49
FTWO Calmar Ratio Rank: 57
FTWO Martin Ratio Rank: 47

UPGR

UPGR Risk / Return Rank: 70
UPGR Sharpe Ratio Rank: 76
UPGR Sortino Ratio Rank: 69
UPGR Omega Ratio Rank: 61
UPGR Calmar Ratio Rank: 84
UPGR Martin Ratio Rank: 62

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. UPGR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive Natural Resources and Security ETF (FTWO) and Xtrackers US Green Infrastructure Select Equity ETF (UPGR). 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.

	FTWO	UPGR	Difference
Sharpe ratio: Return per unit of total volatility	1.79	2.44	-0.64
Sortino ratio: Return per unit of downside risk	2.42	3.10	-0.68
Omega ratio: Gain probability vs. loss probability	1.30	1.37	-0.06
Calmar ratio: Return relative to maximum drawdown	2.81	4.46	-1.64
Martin ratio: Return relative to average drawdown	7.50	10.94	-3.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTWO vs. UPGR - Sharpe Ratio Comparison

The current FTWO Sharpe Ratio is 1.79, which is comparable to the UPGR Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of FTWO and UPGR, 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

	FTWO	UPGR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	2.44	-0.64
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	0.22	+1.10

Drawdowns

FTWO vs. UPGR - Drawdown Comparison

The maximum FTWO drawdown since its inception was -18.17%, smaller than the maximum UPGR drawdown of -46.60%. Use the drawdown chart below to compare losses from any high point for FTWO and UPGR.

Drawdown Indicators

	FTWO	UPGR	Difference
Max Drawdown Largest peak-to-trough decline	-18.17%	-46.60%	+28.43%
Max Drawdown (1Y) Largest decline over 1 year	-11.54%	-16.55%	+5.01%
Current Drawdown Current decline from peak	-8.72%	-1.57%	-7.15%
Average Drawdown Average peak-to-trough decline	-3.44%	-20.50%	+17.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.32%	6.73%	-2.41%

Volatility

FTWO vs. UPGR - Volatility Comparison

The current volatility for Strive Natural Resources and Security ETF (FTWO) is 5.82%, while Xtrackers US Green Infrastructure Select Equity ETF (UPGR) has a volatility of 10.77%. This indicates that FTWO experiences smaller price fluctuations and is considered to be less risky than UPGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTWO	UPGR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.82%	10.77%	-4.95%
Volatility (6M) Calculated over the trailing 6-month period	14.59%	20.38%	-5.79%
Volatility (1Y) Calculated over the trailing 1-year period	18.09%	30.23%	-12.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.22%	30.49%	-11.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.22%	30.49%	-11.27%

FTWO vs. UPGR - Expense Ratio Comparison

FTWO has a 0.49% expense ratio, which is higher than UPGR's 0.35% expense ratio.

Dividends

FTWO vs. UPGR - Dividend Comparison

FTWO's dividend yield for the trailing twelve months is around 1.01%, more than UPGR's 0.27% yield.

Position	TTM	2025	2024	2023
FTWO Strive Natural Resources and Security ETF	1.01%	1.02%	1.23%	0.59%
UPGR Xtrackers US Green Infrastructure Select Equity ETF	0.27%	0.39%	1.16%	0.32%

Frequently Asked Questions

Can I hold both FTWO and UPGR in my portfolio?

FTWO and UPGR have a correlation of 0.59, 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 UPGR?

UPGR has higher volatility (10.77%) compared to FTWO (5.82%). In terms of maximum drawdown, FTWO dropped -18.17% vs UPGR's -46.60%.

Which ETF is better, FTWO or UPGR?

On 1-year performance, UPGR leads with 73.35% vs 32.31% for FTWO. On fees, UPGR is cheaper at 0.35% per year. On volatility, FTWO has been the lower-risk option at 5.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTWO or UPGR?

Over the 1-year period, UPGR has performed better with a 73.35% return vs 32.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTWO or UPGR?

UPGR is cheaper with a 0.35% expense ratio, compared with 0.49% for FTWO.

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

FTWO has the higher dividend yield at 1.01%, compared with 0.27% for UPGR.

What is the main difference between FTWO and UPGR?

FTWO tracks Bloomberg Natural Resources and Security Total Return Index, while UPGR tracks Solactive United States Green Infrastructure ESG Screened Index - Benchmark TR Gross. They also come from different issuers: Strive and Xtrackers. Their fees differ too: 0.49% for FTWO and 0.35% for UPGR.

Which has better risk-adjusted returns?

UPGR currently has the higher Sharpe Ratio (2.44 vs 1.79), 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.