FXGB.L vs. FBT.L
FXGB.L (First Trust FactorFX UCITS ETF Class B GBP) and FBT.L (First Trust NYSE Arca Biotechnology UCITS ETF Acc) are both exchange-traded funds - FXGB.L is a Global Equities fund tracking the First Trust FactorFX UCITS ETF Class B GBP, while FBT.L is a Health & Biotech Equities fund tracking the NASDAQ Biotechnology TR USD. Both are passively managed. Over the past 5 years, FXGB.L returned 5.06%/yr vs 8.78%/yr for FBT.L. At a 0.03 correlation, their price movements are largely independent.
Performance
FXGB.L vs. FBT.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 FBT.L's 17.27% 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*
- —
FBT.L
- 1D
- -0.19%
- 1M
- 8.27%
- 6M
- 14.75%
- YTD
- 17.27%
- 1Y
- 49.02%
- 3Y*
- 15.75%
- 5Y*
- 8.78%
- 10Y*
- —
FXGB.L vs. FBT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FXGB.L First Trust FactorFX UCITS ETF Class B GBP | 6.36% | 7.73% | 5.81% | 10.67% | -1.83% | -2.87% | 4.33% |
FBT.L First Trust NYSE Arca Biotechnology UCITS ETF Acc | 17.27% | 17.28% | 6.52% | -1.81% | 5.32% | -2.57% | 7,473.50% |
Correlation
The correlation between FXGB.L and FBT.L is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since May 20, 2020 | 0.03 |
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Return for Risk
FXGB.L vs. FBT.L — Risk / Return Rank
FXGB.L
FBT.L
FXGB.L vs. FBT.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 NYSE Arca Biotechnology UCITS ETF Acc (FBT.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 | FBT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.39 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 3.53 | -0.99 |
| Martin ratioReturn relative to average drawdown | 7.10 | 9.57 | -2.47 |
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Drawdowns
FXGB.L vs. FBT.L - Drawdown Comparison
The maximum FXGB.L drawdown since its inception was -9.43%, smaller than the maximum FBT.L drawdown of -30.39%. Use the drawdown chart below to compare losses from any high point for FXGB.L and FBT.L.
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Drawdown Indicators
| FXGB.L | FBT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.43% | -30.39% | +20.96% |
Max Drawdown (1Y)Largest decline over 1 year | -4.33% | -13.81% | +9.48% |
Max Drawdown (3Y)Largest decline over 3 years | -6.86% | -24.59% | +17.73% |
Max Drawdown (5Y)Largest decline over 5 years | -7.83% | -24.59% | +16.76% |
Current DrawdownCurrent decline from peak | -0.01% | -4.56% | +4.55% |
Average DrawdownAverage peak-to-trough decline | -2.72% | -13.21% | +10.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 5.11% | -3.56% |
Volatility
FXGB.L vs. FBT.L - Volatility Comparison
The current volatility for First Trust FactorFX UCITS ETF Class B GBP (FXGB.L) is 2.78%, while First Trust NYSE Arca Biotechnology UCITS ETF Acc (FBT.L) has a volatility of 6.25%. This indicates that FXGB.L experiences smaller price fluctuations and is considered to be less risky than FBT.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 | FBT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 6.25% | -3.47% |
Volatility (6M)Calculated over the trailing 6-month period | 8.42% | 15.78% | -7.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.11% | 20.92% | -9.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.87% | 23.80% | -15.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.76% | 3,210.80% | -3,204.04% |
Dividends
FXGB.L vs. FBT.L - Dividend Comparison
Neither FXGB.L nor FBT.L has paid dividends to shareholders.
Frequently Asked Questions
FXGB.L and FBT.L have a correlation of -0.03, 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 FBT.L is Health & Biotech Equities. FXGB.L tracks First Trust FactorFX UCITS ETF Class B GBP, while FBT.L tracks NASDAQ Biotechnology TR USD.
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