FXGB.L vs. BLOK.L
FXGB.L (First Trust FactorFX UCITS ETF Class B GBP) and BLOK.L (First Trust Indxx Innovative Transaction & Process UCITS ETF) are both exchange-traded funds - FXGB.L is a Global Equities fund tracking the First Trust FactorFX UCITS ETF Class B GBP, while BLOK.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, FXGB.L returned 5.06%/yr vs 12.15%/yr for BLOK.L. At a 0.17 correlation, their price movements are largely independent.
Performance
FXGB.L vs. BLOK.L - Performance Comparison
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Returns By Period
In the year-to-date period, FXGB.L achieves a 6.36% return, which is significantly lower than BLOK.L's 9.33% return.
FXGB.L
- 1D
- 1.17%
- 1M
- 1.83%
- 6M
- 6.32%
- YTD
- 6.36%
- 1Y
- 11.05%
- 3Y*
- 6.35%
- 5Y*
- 5.06%
- 10Y*
- —
BLOK.L
- 1D
- -0.46%
- 1M
- -3.12%
- 6M
- 6.32%
- YTD
- 9.33%
- 1Y
- 22.43%
- 3Y*
- 19.59%
- 5Y*
- 12.15%
- 10Y*
- —
FXGB.L vs. BLOK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FXGB.L First Trust FactorFX UCITS ETF Class B GBP | 6.36% | 7.73% | 5.81% | 10.67% | -1.83% | -2.87% | -1.20% | 2.63% | -1.43% |
BLOK.L First Trust Indxx Innovative Transaction & Process UCITS ETF | 9.33% | 22.34% | 18.56% | 14.77% | -8.98% | 19.08% | 15.05% | 22.59% | -28.50% |
Correlation
The correlation between FXGB.L and BLOK.L is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2018 | 0.17 |
The correlation between FXGB.L and BLOK.L shifts across timeframes, from -0.07 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FXGB.L vs. BLOK.L — Risk / Return Rank
FXGB.L
BLOK.L
FXGB.L vs. BLOK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust FactorFX UCITS ETF Class B GBP (FXGB.L) and First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK.L). 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.
| FXGB.L | BLOK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.31 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 3.07 | -0.52 |
| Martin ratioReturn relative to average drawdown | 7.10 | 9.72 | -2.62 |
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Drawdowns
FXGB.L vs. BLOK.L - Drawdown Comparison
The maximum FXGB.L drawdown since its inception was -9.43%, smaller than the maximum BLOK.L drawdown of -31.83%. Use the drawdown chart below to compare losses from any high point for FXGB.L and BLOK.L.
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Drawdown Indicators
| FXGB.L | BLOK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.43% | -31.83% | +22.40% |
Max Drawdown (1Y)Largest decline over 1 year | -4.33% | -7.28% | +2.95% |
Max Drawdown (3Y)Largest decline over 3 years | -6.86% | -20.06% | +13.20% |
Max Drawdown (5Y)Largest decline over 5 years | -7.83% | -20.06% | +12.23% |
Current DrawdownCurrent decline from peak | -0.01% | -3.89% | +3.88% |
Average DrawdownAverage peak-to-trough decline | -2.72% | -9.51% | +6.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 2.30% | -0.75% |
Volatility
FXGB.L vs. BLOK.L - Volatility Comparison
The current volatility for First Trust FactorFX UCITS ETF Class B GBP (FXGB.L) is 2.78%, while First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK.L) has a volatility of 3.50%. This indicates that FXGB.L experiences smaller price fluctuations and is considered to be less risky than BLOK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXGB.L | BLOK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 3.50% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 8.42% | 9.99% | -1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.11% | 13.12% | -2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.87% | 19.66% | -11.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.76% | 21.95% | -15.19% |
Dividends
FXGB.L vs. BLOK.L - Dividend Comparison
Neither FXGB.L nor BLOK.L has paid dividends to shareholders.
Frequently Asked Questions
FXGB.L and BLOK.L have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FXGB.L is categorized as Global Equities, while BLOK.L is Technology Equities. FXGB.L tracks First Trust FactorFX UCITS ETF Class B GBP, while BLOK.L tracks MSCI World/Information Tech NR USD.
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