IXG vs. FBDC
IXG (iShares Global Financials ETF) and FBDC (FT Confluence BDC & Specialty Finance Income ETF) are both Financials Equities funds. IXG is passively managed, while FBDC is actively managed. Over the past year, IXG returned 19.80% vs -12.28% for FBDC. At a 0.48 correlation, their price movements are largely independent. IXG charges 0.46%/yr vs 1.35%/yr for FBDC.
Performance
IXG vs. FBDC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IXG achieves a 9.32% return, which is significantly higher than FBDC's -6.34% return.
IXG
- 1D
- 0.57%
- 1M
- 5.34%
- 6M
- 9.05%
- YTD
- 9.32%
- 1Y
- 19.80%
- 3Y*
- 24.46%
- 5Y*
- 14.29%
- 10Y*
- 13.08%
FBDC
- 1D
- 0.89%
- 1M
- 1.52%
- 6M
- -5.96%
- YTD
- -6.34%
- 1Y
- -12.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IXG vs. FBDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IXG iShares Global Financials ETF | 9.32% | 10.28% |
FBDC FT Confluence BDC & Specialty Finance Income ETF | -6.34% | -2.66% |
Correlation
The correlation between IXG and FBDC is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025 | 0.48 |
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
IXG vs. FBDC — Risk / Return Rank
IXG
FBDC
IXG vs. FBDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Financials ETF (IXG) and FT Confluence BDC & Specialty Finance Income ETF (FBDC). 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.
| IXG | FBDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.12 | ||
| Sortino ratioReturn per unit of downside risk | +2.99 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.90 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | -0.60 | +2.35 |
| Martin ratioReturn relative to average drawdown | 6.19 | -1.01 | +7.20 |
Loading charts...
Drawdowns
IXG vs. FBDC - Drawdown Comparison
The maximum IXG drawdown since its inception was -78.42%, which is greater than FBDC's maximum drawdown of -20.60%. Use the drawdown chart below to compare losses from any high point for IXG and FBDC.
Loading charts...
Drawdown Indicators
| IXG | FBDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.42% | -20.60% | -57.82% |
Max Drawdown (1Y)Largest decline over 1 year | -11.33% | -20.60% | +9.27% |
Max Drawdown (3Y)Largest decline over 3 years | -13.54% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.20% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.47% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -14.34% | +14.34% |
Average DrawdownAverage peak-to-trough decline | -19.67% | -10.72% | -8.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 12.18% | -8.98% |
Volatility
IXG vs. FBDC - Volatility Comparison
The current volatility for iShares Global Financials ETF (IXG) is 3.49%, while FT Confluence BDC & Specialty Finance Income ETF (FBDC) has a volatility of 4.23%. This indicates that IXG experiences smaller price fluctuations and is considered to be less risky than FBDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IXG | FBDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 4.23% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 11.33% | 14.48% | -3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.90% | 17.97% | -4.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 17.83% | -0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.86% | 17.83% | +2.03% |
IXG vs. FBDC - Expense Ratio Comparison
IXG has a 0.46% expense ratio, which is lower than FBDC's 1.35% expense ratio.
Dividends
IXG vs. FBDC - Dividend Comparison
IXG's dividend yield for the trailing twelve months is around 2.18%, less than FBDC's 12.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBDC FT Confluence BDC & Specialty Finance Income ETF | 12.27% | 5.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IXG iShares Global Financials ETF | 2.18% | 2.04% | 2.64% | 2.62% | 3.71% | 1.69% | 2.13% | 2.87% | 3.14% | 2.12% | 2.21% | 2.79% |
Frequently Asked Questions
IXG and FBDC have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBDC has higher volatility (4.23%) compared to IXG (3.49%). In terms of maximum drawdown, IXG dropped -78.42% vs FBDC's -20.60%.
On 1-year performance, IXG leads with 19.80% vs -12.28% for FBDC. On fees, IXG is cheaper at 0.46% per year. On volatility, IXG has been the lower-risk option at 3.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IXG has performed better with a 19.80% return vs -12.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IXG is cheaper with a 0.46% expense ratio, compared with 1.35% for FBDC.
FBDC has the higher dividend yield at 12.27%, compared with 2.18% for IXG.
They also come from different issuers: iShares and First Trust. Their fees differ too: 0.46% for IXG and 1.35% for FBDC.
IXG currently has the higher Sharpe Ratio (1.43 vs -0.69), 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 IXG and FBDC
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