IMBS.L vs. NXTG.L
IMBS.L (iShares US Mortgage Backed Securities UCITS ETF USD (Dist)) and NXTG.L (First Trust Indxx NextG UCITS ETF) are both Global Equities funds - IMBS.L tracks the iShares US Mortgage Backed Securities UCITS ETF USD (Dist) while NXTG.L tracks the First Trust Indxx NextG UCITS ETF. Both are passively managed. Over the past 10 years, IMBS.L returned 1.01%/yr vs 7.11%/yr for NXTG.L. At a 0.10 correlation, their price movements are largely independent.
Performance
IMBS.L vs. NXTG.L - Performance Comparison
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Different Trading Currencies
IMBS.L is traded in USD, while NXTG.L is traded in GBp. To make them comparable, the NXTG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IMBS.L achieves a -0.33% return, which is significantly lower than NXTG.L's 38.59% return. Over the past 10 years, IMBS.L has underperformed NXTG.L with an annualized return of 1.01%, while NXTG.L has yielded a comparatively higher 7.11% annualized return.
IMBS.L
- 1D
- -0.04%
- 1M
- -0.33%
- 6M
- -0.09%
- YTD
- -0.33%
- 1Y
- 5.49%
- 3Y*
- 4.05%
- 5Y*
- 0.06%
- 10Y*
- 1.01%
NXTG.L
- 1D
- -0.25%
- 1M
- -5.49%
- 6M
- 35.96%
- YTD
- 38.59%
- 1Y
- 56.79%
- 3Y*
- 17.63%
- 5Y*
- 9.05%
- 10Y*
- 7.11%
IMBS.L vs. NXTG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMBS.L iShares US Mortgage Backed Securities UCITS ETF USD (Dist) | -0.33% | 8.60% | 1.54% | 3.57% | -11.37% | -1.69% | 4.04% | 6.52% | -0.09% | 2.90% |
NXTG.L First Trust Indxx NextG UCITS ETF | 38.59% | 28.23% | 13.05% | 5.58% | -32.47% | 14.83% | 7.36% | 12.68% | -31.77% | 33.75% |
Correlation
The correlation between IMBS.L and NXTG.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.10 |
The correlation between IMBS.L and NXTG.L shifts across timeframes, from 0.10 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IMBS.L vs. NXTG.L — Risk / Return Rank
IMBS.L
NXTG.L
IMBS.L vs. NXTG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Mortgage Backed Securities UCITS ETF USD (Dist) (IMBS.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.
| IMBS.L | NXTG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.46 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.29 | -0.69 |
| Martin ratioReturn relative to average drawdown | 5.11 | 4.79 | +0.32 |
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Drawdowns
IMBS.L vs. NXTG.L - Drawdown Comparison
The maximum IMBS.L drawdown since its inception was -18.09%, smaller than the maximum NXTG.L drawdown of -54.89%. Use the drawdown chart below to compare losses from any high point for IMBS.L and NXTG.L.
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Drawdown Indicators
| IMBS.L | NXTG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.09% | -54.89% | +36.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -24.85% | +21.59% |
Max Drawdown (3Y)Largest decline over 3 years | -7.51% | -32.80% | +25.29% |
Max Drawdown (5Y)Largest decline over 5 years | -17.67% | -45.46% | +27.79% |
Max Drawdown (10Y)Largest decline over 10 years | -18.09% | -54.89% | +36.80% |
Current DrawdownCurrent decline from peak | -1.49% | -10.07% | +8.58% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -26.87% | +22.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 11.89% | -10.87% |
Volatility
IMBS.L vs. NXTG.L - Volatility Comparison
The current volatility for iShares US Mortgage Backed Securities UCITS ETF USD (Dist) (IMBS.L) is 1.37%, while First Trust Indxx NextG UCITS ETF (NXTG.L) has a volatility of 6.74%. This indicates that IMBS.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
| IMBS.L | NXTG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 6.74% | -5.37% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 16.85% | -12.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.17% | 47.00% | -40.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.77% | 44.57% | -36.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.35% | 34.76% | -28.41% |
Dividends
IMBS.L vs. NXTG.L - Dividend Comparison
IMBS.L's dividend yield for the trailing twelve months is around 3.74%, while NXTG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IMBS.L iShares US Mortgage Backed Securities UCITS ETF USD (Dist) | 3.74% | 3.58% | 3.55% | 3.23% | 2.42% | 2.24% | 2.56% | 2.99% | 3.04% | 2.89% | 1.53% |
NXTG.L First Trust Indxx NextG UCITS ETF | 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
IMBS.L and NXTG.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IMBS.L tracks iShares US Mortgage Backed Securities UCITS ETF USD (Dist), while NXTG.L tracks First Trust Indxx NextG UCITS ETF. They also come from different issuers: iShares and First Trust.
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