IBTG vs. FTGC
IBTG (iShares iBonds Dec 2026 Term Treasury ETF) and FTGC (First Trust Global Tactical Commodity Strategy Fund) are both exchange-traded funds - IBTG is a Government Bonds fund tracking the ICE 2026 Maturity US Treasury Index, while FTGC is a Commodities fund actively managed by First Trust. IBTG is passively managed, while FTGC is actively managed. Over the past 5 years, IBTG returned 0.91%/yr vs 12.29%/yr for FTGC. At a correlation of -0.06, they often move in opposite directions. IBTG charges 0.07%/yr vs 0.95%/yr for FTGC.
Performance
IBTG vs. FTGC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBTG achieves a 1.62% return, which is significantly lower than FTGC's 18.86% return.
IBTG
- 1D
- 0.02%
- 1M
- 0.23%
- YTD
- 1.62%
- 6M
- 1.66%
- 1Y
- 3.96%
- 3Y*
- 4.28%
- 5Y*
- 0.91%
- 10Y*
- —
FTGC
- 1D
- -1.14%
- 1M
- -7.37%
- YTD
- 18.86%
- 6M
- 17.54%
- 1Y
- 28.18%
- 3Y*
- 14.26%
- 5Y*
- 12.29%
- 10Y*
- 7.15%
IBTG vs. FTGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 1.62% | 4.40% | 3.97% | 4.34% | -8.18% | -3.04% | 4.23% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 18.86% | 14.61% | 9.96% | -5.36% | 17.36% | 27.95% | 13.44% |
Correlation
The correlation between IBTG and FTGC 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 | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2020 | -0.06 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBTG vs. FTGC — Risk / Return Rank
IBTG
FTGC
IBTG vs. FTGC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2026 Term Treasury ETF (IBTG) and First Trust Global Tactical Commodity Strategy Fund (FTGC). 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.
| IBTG | FTGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.08 | ||
| Sortino ratioReturn per unit of downside risk | +17.02 | ||
| Omega ratioGain probability vs. loss probability | 4.25 | 1.32 | +2.93 |
| Calmar ratioReturn relative to maximum drawdown | 60.79 | 2.60 | +58.19 |
| Martin ratioReturn relative to average drawdown | 246.24 | 9.67 | +236.57 |
Loading charts...
Drawdowns
IBTG vs. FTGC - Drawdown Comparison
The maximum IBTG drawdown since its inception was -13.62%, smaller than the maximum FTGC drawdown of -59.47%. Use the drawdown chart below to compare losses from any high point for IBTG and FTGC.
Loading charts...
Drawdown Indicators
| IBTG | FTGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.62% | -59.47% | +45.85% |
Max Drawdown (1Y)Largest decline over 1 year | -0.07% | -10.87% | +10.80% |
Max Drawdown (3Y)Largest decline over 3 years | -1.11% | -10.87% | +9.76% |
Max Drawdown (5Y)Largest decline over 5 years | -12.31% | -22.64% | +10.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.91% | — |
Current DrawdownCurrent decline from peak | 0.00% | -10.87% | +10.87% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -27.34% | +22.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 2.94% | -2.92% |
Volatility
IBTG vs. FTGC - Volatility Comparison
The current volatility for iShares iBonds Dec 2026 Term Treasury ETF (IBTG) is 0.12%, while First Trust Global Tactical Commodity Strategy Fund (FTGC) has a volatility of 3.07%. This indicates that IBTG experiences smaller price fluctuations and is considered to be less risky than FTGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBTG | FTGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.12% | 3.07% | -2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 0.30% | 13.21% | -12.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.50% | 15.70% | -15.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.25% | 15.87% | -12.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.44% | 14.71% | -11.27% |
IBTG vs. FTGC - Expense Ratio Comparison
IBTG has a 0.07% expense ratio, which is lower than FTGC's 0.95% expense ratio.
Dividends
IBTG vs. FTGC - Dividend Comparison
IBTG's dividend yield for the trailing twelve months is around 3.95%, less than FTGC's 16.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FTGC First Trust Global Tactical Commodity Strategy Fund | 16.13% | 17.74% | 3.05% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% |
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 3.95% | 4.03% | 4.08% | 3.61% | 2.06% | 0.66% | 0.53% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBTG and FTGC 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.
FTGC has higher volatility (3.07%) compared to IBTG (0.12%). In terms of maximum drawdown, IBTG dropped -13.62% vs FTGC's -59.47%.
On 5-year performance, FTGC leads with 12.29% vs 0.91% for IBTG. On fees, IBTG is cheaper at 0.07% per year. On volatility, IBTG has been the lower-risk option at 0.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FTGC has performed better with a 12.29% return vs 0.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTG is cheaper with a 0.07% expense ratio, compared with 0.95% for FTGC.
FTGC has the higher dividend yield at 16.13%, compared with 3.95% for IBTG.
IBTG is categorized as Government Bonds, while FTGC is Commodities. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.07% for IBTG and 0.95% for FTGC.
IBTG currently has the higher Sharpe Ratio (7.90 vs 1.82), 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.
Find the right allocation for IBTG and FTGC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer