MODL vs. FTAG

Last updated Jun 24, 2026

MODL (Victoryshares Westend U.S. Sector ETF) and FTAG (First Trust Indxx Global Agriculture ETF) are both Large Cap Blend Equities funds. MODL is actively managed, while FTAG is passively managed. Over the past 3 years, MODL returned 18.77%/yr vs 3.75%/yr for FTAG. At a 0.46 correlation, their price movements are largely independent. MODL charges 0.46%/yr vs 0.70%/yr for FTAG.

Performance

MODL vs. FTAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victoryshares Westend U.S. Sector ETF (MODL) and First Trust Indxx Global Agriculture ETF (FTAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MODL achieves a 5.53% return, which is significantly lower than FTAG's 6.79% return.

MODL

• 1D: -1.03%
• 1M: -0.90%
• YTD: 5.53%
• 6M: 4.79%
• 1Y: 20.59%
• 3Y*: 18.77%
• 5Y*: —
• 10Y*: —

FTAG

• 1D: -1.13%
• 1M: -3.74%
• YTD: 6.79%
• 6M: 6.97%
• 1Y: 8.43%
• 3Y*: 3.75%
• 5Y*: 0.85%
• 10Y*: 5.38%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MODL vs. FTAG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MODL Victoryshares Westend U.S. Sector ETF	5.53%	18.99%	24.73%	23.74%	6.45%
FTAG First Trust Indxx Global Agriculture ETF	6.79%	14.82%	-6.72%	-7.28%	4.85%

Correlation

The correlation between MODL and FTAG is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022	0.46

The correlation between MODL and FTAG shifts across timeframes, from 0.35 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.

MODL vs. FTAG - Sectors Allocation Comparison

Sectors	MODL	FTAG
Technology	32.6%	-
Financial Services	18.3%	-
Communication Services	15.5%	-
Healthcare	14.8%	7.7%
Consumer Cyclical	5.1%	4.2%
Utilities	4.3%	-
Basic Materials	4.2%	55.6%
Industrials	4.1%	24.0%
Energy	0.0%	-
Consumer Defensive	0.0%	8.5%
Real Estate	-	-

Return for Risk

MODL vs. FTAG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MODL

MODL Risk / Return Rank: 55
MODL Sharpe Ratio Rank: 57
MODL Sortino Ratio Rank: 57
MODL Omega Ratio Rank: 55
MODL Calmar Ratio Rank: 48
MODL Martin Ratio Rank: 59

FTAG

FTAG Risk / Return Rank: 19
FTAG Sharpe Ratio Rank: 18
FTAG Sortino Ratio Rank: 18
FTAG Omega Ratio Rank: 17
FTAG Calmar Ratio Rank: 20
FTAG Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MODL vs. FTAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victoryshares Westend U.S. Sector ETF (MODL) and First Trust Indxx Global Agriculture ETF (FTAG). 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.

	MODL	FTAG	Difference
Sharpe ratio: Return per unit of total volatility	1.77	0.60	+1.18
Sortino ratio: Return per unit of downside risk	2.50	0.95	+1.55
Omega ratio: Gain probability vs. loss probability	1.32	1.11	+0.21
Calmar ratio: Return relative to maximum drawdown	2.19	0.89	+1.30
Martin ratio: Return relative to average drawdown	9.63	2.04	+7.59

MODL vs. FTAG - Sharpe Ratio Comparison

The current MODL Sharpe Ratio is 1.77, which is higher than the FTAG Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of MODL and FTAG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MODL vs. FTAG - Drawdown Comparison

The maximum MODL drawdown since its inception was -17.60%, smaller than the maximum FTAG drawdown of -90.89%. Use the drawdown chart below to compare losses from any high point for MODL and FTAG.

Drawdown Indicators

	MODL	FTAG	Difference
Max Drawdown Largest peak-to-trough decline	-17.60%	-90.89%	+73.29%
Max Drawdown (1Y) Largest decline over 1 year	-9.46%	-9.56%	+0.10%
Max Drawdown (3Y) Largest decline over 3 years	-17.60%	-21.87%	+4.27%
Max Drawdown (5Y) Largest decline over 5 years	—	-32.77%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-50.79%	—
Current Drawdown Current decline from peak	-2.29%	-79.35%	+77.06%
Average Drawdown Average peak-to-trough decline	-2.03%	-71.25%	+69.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	4.15%	-2.01%

Volatility

MODL vs. FTAG - Volatility Comparison

Victoryshares Westend U.S. Sector ETF (MODL) has a higher volatility of 4.38% compared to First Trust Indxx Global Agriculture ETF (FTAG) at 3.95%. This indicates that MODL's price experiences larger fluctuations and is considered to be riskier than FTAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MODL	FTAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	3.95%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	9.18%	10.93%	-1.75%
Volatility (1Y) Calculated over the trailing 1-year period	11.69%	14.17%	-2.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.64%	17.41%	-2.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.64%	19.60%	-4.96%

MODL vs. FTAG - Expense Ratio Comparison

MODL has a 0.46% expense ratio, which is lower than FTAG's 0.70% expense ratio.

Dividends

MODL vs. FTAG - Dividend Comparison

MODL's dividend yield for the trailing twelve months is around 0.73%, less than FTAG's 1.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTAG First Trust Indxx Global Agriculture ETF	1.42%	1.39%	2.89%	3.68%	1.77%	1.58%	1.72%	2.33%	2.16%	1.26%	0.61%	1.35%
MODL Victoryshares Westend U.S. Sector ETF	0.73%	0.67%	0.83%	1.02%	0.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MODL and FTAG in my portfolio?

MODL and FTAG have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MODL or FTAG?

MODL has higher volatility (4.38%) compared to FTAG (3.95%). In terms of maximum drawdown, MODL dropped -17.60% vs FTAG's -90.89%.

Which ETF is better, MODL or FTAG?

On 3-year performance, MODL leads with 18.77% vs 3.75% for FTAG. On fees, MODL is cheaper at 0.46% per year. On volatility, FTAG has been the lower-risk option at 3.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MODL or FTAG?

Over the 3-year period, MODL has performed better with a 18.77% return vs 3.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MODL or FTAG?

MODL is cheaper with a 0.46% expense ratio, compared with 0.70% for FTAG.

Which ETF pays a higher dividend yield, MODL or FTAG?

FTAG has the higher dividend yield at 1.42%, compared with 0.73% for MODL.

What is the main difference between MODL and FTAG?

They also come from different issuers: Victory and First Trust. Their fees differ too: 0.46% for MODL and 0.70% for FTAG.

Which has better risk-adjusted returns?

MODL currently has the higher Sharpe Ratio (1.77 vs 0.60), 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.