IYG vs. FBDC
IYG (iShares U.S. Financial Services ETF) and FBDC (FT Confluence BDC & Specialty Finance Income ETF) are both Financials Equities funds. IYG is passively managed, while FBDC is actively managed. A 0.51 correlation means they provide meaningful diversification when combined. IYG charges 0.42%/yr vs 1.35%/yr for FBDC.
Performance
IYG vs. FBDC - Performance Comparison
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Returns By Period
In the year-to-date period, IYG achieves a -3.88% return, which is significantly higher than FBDC's -7.17% return.
IYG
- 1D
- 2.82%
- 1M
- 1.39%
- YTD
- -3.88%
- 6M
- -1.63%
- 1Y
- 9.20%
- 3Y*
- 21.76%
- 5Y*
- 8.46%
- 10Y*
- 13.56%
FBDC
- 1D
- 2.59%
- 1M
- -5.28%
- YTD
- -7.17%
- 6M
- -8.43%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYG vs. FBDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IYG iShares U.S. Financial Services ETF | -3.88% | 8.35% |
FBDC FT Confluence BDC & Specialty Finance Income ETF | -7.17% | -2.43% |
Correlation
The correlation between IYG and FBDC is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.51 |
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Return for Risk
IYG vs. FBDC — Risk / Return Rank
IYG
FBDC
IYG vs. FBDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Financial Services ETF (IYG) 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.
| IYG | FBDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.11 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | — | — |
| Martin ratioReturn relative to average drawdown | 1.51 | — | — |
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
| IYG | FBDC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | -0.56 | +0.78 |
Drawdowns
IYG vs. FBDC - Drawdown Comparison
The maximum IYG drawdown since its inception was -81.84%, which is greater than FBDC's maximum drawdown of -20.60%. Use the drawdown chart below to compare losses from any high point for IYG and FBDC.
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Drawdown Indicators
| IYG | FBDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.84% | -20.60% | -61.24% |
Max Drawdown (1Y)Largest decline over 1 year | -15.90% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -18.54% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.32% | — | — |
Current DrawdownCurrent decline from peak | -7.23% | -15.10% | +7.87% |
Average DrawdownAverage peak-to-trough decline | -20.74% | -10.16% | -10.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.11% | — | — |
Volatility
IYG vs. FBDC - Volatility Comparison
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Volatility by Period
| IYG | FBDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.10% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.65% | 18.22% | -2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.47% | 18.22% | +2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.54% | 18.22% | +5.32% |
IYG vs. FBDC - Expense Ratio Comparison
IYG has a 0.42% expense ratio, which is lower than FBDC's 1.35% expense ratio.
Dividends
IYG vs. FBDC - Dividend Comparison
IYG's dividend yield for the trailing twelve months is around 1.11%, less than FBDC's 11.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBDC FT Confluence BDC & Specialty Finance Income ETF | 11.23% | 5.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYG iShares U.S. Financial Services ETF | 1.11% | 1.00% | 1.16% | 1.77% | 2.07% | 1.25% | 1.71% | 1.59% | 1.81% | 1.24% | 1.28% | 1.33% |
Frequently Asked Questions
IYG and FBDC have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IYG is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IYG is cheaper with a 0.42% expense ratio, compared with 1.35% for FBDC.
FBDC has the higher dividend yield at 11.23%, compared with 1.11% for IYG.
They also come from different issuers: iShares and First Trust. Their fees differ too: 0.42% for IYG and 1.35% for FBDC.
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