FXGB.L vs. NXTG.L
FXGB.L (First Trust FactorFX UCITS ETF Class B GBP) and NXTG.L (First Trust Indxx NextG UCITS ETF) are both Global Equities funds from First Trust - FXGB.L tracks the First Trust FactorFX UCITS ETF Class B GBP while NXTG.L tracks the First Trust Indxx NextG UCITS ETF. Both are passively managed. Over the past 5 years, FXGB.L returned 5.06%/yr vs 9.76%/yr for NXTG.L. At a 0.20 correlation, their price movements are largely independent.
Performance
FXGB.L vs. NXTG.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 NXTG.L's 39.36% 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*
- —
NXTG.L
- 1D
- -0.50%
- 1M
- -5.27%
- 6M
- 36.55%
- YTD
- 39.36%
- 1Y
- 56.77%
- 3Y*
- 16.78%
- 5Y*
- 9.76%
- 10Y*
- 6.94%
FXGB.L vs. NXTG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -1.11% | 0.76% |
NXTG.L First Trust Indxx NextG UCITS ETF | 39.36% | 19.23% | 14.96% | 0.29% | -24.39% | 15.88% | 4.17% | 8.33% | -27.67% | 3.51% |
Correlation
The correlation between FXGB.L and NXTG.L is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2017 | 0.20 |
The correlation between FXGB.L and NXTG.L shifts across timeframes, from -0.02 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FXGB.L vs. NXTG.L — Risk / Return Rank
FXGB.L
NXTG.L
FXGB.L vs. NXTG.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 NextG UCITS ETF (NXTG.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 | NXTG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.50 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 2.26 | +0.28 |
| Martin ratioReturn relative to average drawdown | 7.10 | 4.72 | +2.37 |
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Drawdowns
FXGB.L vs. NXTG.L - Drawdown Comparison
The maximum FXGB.L drawdown since its inception was -9.43%, smaller than the maximum NXTG.L drawdown of -45.94%. Use the drawdown chart below to compare losses from any high point for FXGB.L and NXTG.L.
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Drawdown Indicators
| FXGB.L | NXTG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.43% | -45.94% | +36.51% |
Max Drawdown (1Y)Largest decline over 1 year | -4.33% | -25.38% | +21.05% |
Max Drawdown (3Y)Largest decline over 3 years | -6.86% | -31.89% | +25.03% |
Max Drawdown (5Y)Largest decline over 5 years | -7.83% | -32.91% | +25.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.94% | — |
Current DrawdownCurrent decline from peak | -0.01% | -9.51% | +9.50% |
Average DrawdownAverage peak-to-trough decline | -2.72% | -19.86% | +17.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 12.16% | -10.61% |
Volatility
FXGB.L vs. NXTG.L - Volatility Comparison
The current volatility for First Trust FactorFX UCITS ETF Class B GBP (FXGB.L) is 2.78%, while First Trust Indxx NextG UCITS ETF (NXTG.L) has a volatility of 6.66%. This indicates that FXGB.L experiences smaller price fluctuations and is considered to be less risky than NXTG.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 | NXTG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 6.66% | -3.88% |
Volatility (6M)Calculated over the trailing 6-month period | 8.42% | 15.57% | -7.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.11% | 46.75% | -35.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.87% | 43.04% | -35.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.76% | 32.80% | -26.04% |
Dividends
FXGB.L vs. NXTG.L - Dividend Comparison
Neither FXGB.L nor NXTG.L has paid dividends to shareholders.
Frequently Asked Questions
FXGB.L and NXTG.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FXGB.L tracks First Trust FactorFX UCITS ETF Class B GBP, while NXTG.L tracks First Trust Indxx NextG UCITS ETF.
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