GKOS vs. FTSL
GKOS (Glaukos Corporation) is a stock, while FTSL (First Trust Senior Loan Fund) is High Yield Bonds fund actively managed by First Trust. Over the past 10 years, GKOS returned 16.44%/yr vs 4.45%/yr for FTSL. At a 0.21 correlation, their price movements are largely independent.
Performance
GKOS vs. FTSL - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with GKOS having a 0.65% return and FTSL slightly lower at 0.62%. Over the past 10 years, GKOS has outperformed FTSL with an annualized return of 16.44%, while FTSL has yielded a comparatively lower 4.45% annualized return.
GKOS
- 1D
- 2.58%
- 1M
- -16.35%
- YTD
- 0.65%
- 6M
- 5.75%
- 1Y
- 20.27%
- 3Y*
- 22.30%
- 5Y*
- 9.06%
- 10Y*
- 16.44%
FTSL
- 1D
- -0.02%
- 1M
- 0.20%
- YTD
- 0.62%
- 6M
- 0.99%
- 1Y
- 4.53%
- 3Y*
- 7.34%
- 5Y*
- 5.02%
- 10Y*
- 4.45%
GKOS vs. FTSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GKOS Glaukos Corporation | 0.65% | -24.70% | 88.63% | 81.98% | -1.71% | -40.95% | 38.17% | -3.03% | 118.99% | -25.22% |
FTSL First Trust Senior Loan Fund | 0.62% | 5.98% | 8.27% | 11.58% | -2.50% | 3.94% | 2.99% | 10.11% | -1.30% | 2.59% |
Correlation
The correlation between GKOS and FTSL is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2015 | 0.21 |
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Return for Risk
GKOS vs. FTSL — Risk / Return Rank
GKOS
FTSL
GKOS vs. FTSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Glaukos Corporation (GKOS) and First Trust Senior Loan Fund (FTSL). 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.
| GKOS | FTSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.51 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 1.95 | -1.27 |
| Martin ratioReturn relative to average drawdown | 1.53 | 7.25 | -5.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GKOS | FTSL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | 2.15 | -1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 1.50 | -1.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.86 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.85 | -0.62 |
Drawdowns
GKOS vs. FTSL - Drawdown Comparison
The maximum GKOS drawdown since its inception was -69.57%, which is greater than FTSL's maximum drawdown of -22.67%. Use the drawdown chart below to compare losses from any high point for GKOS and FTSL.
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Drawdown Indicators
| GKOS | FTSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.57% | -22.67% | -46.90% |
Max Drawdown (1Y)Largest decline over 1 year | -29.92% | -2.33% | -27.59% |
Max Drawdown (3Y)Largest decline over 3 years | -53.68% | -2.66% | -51.02% |
Max Drawdown (5Y)Largest decline over 5 years | -59.64% | -6.96% | -52.68% |
Max Drawdown (10Y)Largest decline over 10 years | -69.57% | -22.67% | -46.90% |
Current DrawdownCurrent decline from peak | -29.51% | -0.03% | -29.48% |
Average DrawdownAverage peak-to-trough decline | -27.79% | -0.76% | -27.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.29% | 0.63% | +12.66% |
Volatility
GKOS vs. FTSL - Volatility Comparison
Glaukos Corporation (GKOS) has a higher volatility of 19.42% compared to First Trust Senior Loan Fund (FTSL) at 0.36%. This indicates that GKOS's price experiences larger fluctuations and is considered to be riskier than FTSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GKOS | FTSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.42% | 0.36% | +19.06% |
Volatility (6M)Calculated over the trailing 6-month period | 39.88% | 1.95% | +37.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.11% | 2.11% | +50.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.30% | 3.35% | +46.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.33% | 5.19% | +47.14% |
Dividends
GKOS vs. FTSL - Dividend Comparison
GKOS has not paid dividends to shareholders, while FTSL's dividend yield for the trailing twelve months is around 6.46%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTSL First Trust Senior Loan Fund | 6.46% | 6.59% | 7.56% | 7.59% | 4.77% | 3.17% | 3.48% | 4.44% | 4.29% | 3.64% | 3.70% | 3.95% |
GKOS Glaukos Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GKOS and FTSL have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GKOS has higher volatility (19.42%) compared to FTSL (0.36%). In terms of maximum drawdown, GKOS dropped -69.57% vs FTSL's -22.67%.
FTSL currently has the higher Sharpe Ratio (2.15 vs 0.39), 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.
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