SHAG vs. FTGC
SHAG (WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF) and FTGC (First Trust Global Tactical Commodity Strategy Fund) are both exchange-traded funds - SHAG is a Short-Term Bond fund tracking the Bloomberg U.S. Short Aggregate Enhanced Yield Index, while FTGC is a Commodities fund actively managed by First Trust. SHAG is passively managed, while FTGC is actively managed. Over the past 5 years, SHAG returned 1.61%/yr vs 12.90%/yr for FTGC. At a correlation of -0.03, they often move in opposite directions. SHAG charges 0.12%/yr vs 0.95%/yr for FTGC.
Performance
SHAG vs. FTGC - Performance Comparison
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Returns By Period
In the year-to-date period, SHAG achieves a 0.48% return, which is significantly lower than FTGC's 26.15% return.
SHAG
- 1D
- 0.07%
- 1M
- 0.03%
- YTD
- 0.48%
- 6M
- 0.81%
- 1Y
- 3.73%
- 3Y*
- 4.72%
- 5Y*
- 1.61%
- 10Y*
- —
FTGC
- 1D
- -0.79%
- 1M
- -3.25%
- YTD
- 26.15%
- 6M
- 24.84%
- 1Y
- 40.32%
- 3Y*
- 17.80%
- 5Y*
- 12.90%
- 10Y*
- 7.63%
SHAG vs. FTGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF | 0.48% | 6.27% | 4.30% | 4.61% | -6.37% | -0.91% | 4.70% | 5.79% | 0.80% | -0.11% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 26.15% | 14.61% | 9.96% | -5.36% | 17.36% | 27.95% | 2.17% | 6.40% | -12.75% | 4.99% |
Correlation
The correlation between SHAG and FTGC is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2017 | -0.03 |
Over the past year, the inverse relationship between SHAG and FTGC has strengthened: their correlation has moved from -0.03 to -0.25, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
SHAG vs. FTGC — Risk / Return Rank
SHAG
FTGC
SHAG vs. FTGC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) 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.
| SHAG | FTGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.45 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 5.12 | -2.40 |
| Martin ratioReturn relative to average drawdown | 9.70 | 16.79 | -7.10 |
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
| SHAG | FTGC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 2.59 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.81 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.23 | +0.60 |
Drawdowns
SHAG vs. FTGC - Drawdown Comparison
The maximum SHAG drawdown since its inception was -9.62%, smaller than the maximum FTGC drawdown of -59.47%. Use the drawdown chart below to compare losses from any high point for SHAG and FTGC.
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Drawdown Indicators
| SHAG | FTGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.62% | -59.47% | +49.85% |
Max Drawdown (1Y)Largest decline over 1 year | -1.38% | -7.91% | +6.53% |
Max Drawdown (3Y)Largest decline over 3 years | -1.38% | -10.39% | +9.01% |
Max Drawdown (5Y)Largest decline over 5 years | -9.62% | -22.64% | +13.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.91% | — |
Current DrawdownCurrent decline from peak | -0.54% | -5.40% | +4.86% |
Average DrawdownAverage peak-to-trough decline | -1.87% | -27.42% | +25.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 2.41% | -2.02% |
Volatility
SHAG vs. FTGC - Volatility Comparison
The current volatility for WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) is 0.60%, while First Trust Global Tactical Commodity Strategy Fund (FTGC) has a volatility of 4.55%. This indicates that SHAG 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.
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Volatility by Period
| SHAG | FTGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 4.55% | -3.95% |
Volatility (6M)Calculated over the trailing 6-month period | 1.31% | 13.17% | -11.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.84% | 15.62% | -13.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.75% | 15.98% | -13.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.58% | 14.71% | -12.13% |
SHAG vs. FTGC - Expense Ratio Comparison
SHAG has a 0.12% expense ratio, which is lower than FTGC's 0.95% expense ratio.
Dividends
SHAG vs. FTGC - Dividend Comparison
SHAG's dividend yield for the trailing twelve months is around 4.28%, less than FTGC's 15.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FTGC First Trust Global Tactical Commodity Strategy Fund | 15.20% | 17.74% | 3.05% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% |
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF | 4.28% | 4.33% | 4.49% | 3.04% | 1.38% | 0.92% | 2.33% | 2.71% | 2.56% | 0.77% |
Frequently Asked Questions
SHAG and FTGC have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTGC has higher volatility (4.55%) compared to SHAG (0.60%). In terms of maximum drawdown, SHAG dropped -9.62% vs FTGC's -59.47%.
On 5-year performance, FTGC leads with 12.90% vs 1.61% for SHAG. On fees, SHAG is cheaper at 0.12% per year. On volatility, SHAG has been the lower-risk option at 0.60%. 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 12.90% return vs 1.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHAG is cheaper with a 0.12% expense ratio, compared with 0.95% for FTGC.
FTGC has the higher dividend yield at 15.20%, compared with 4.28% for SHAG.
SHAG is categorized as Short-Term Bond, while FTGC is Commodities. They also come from different issuers: WisdomTree and First Trust. Their fees differ too: 0.12% for SHAG and 0.95% for FTGC.
FTGC currently has the higher Sharpe Ratio (2.59 vs 2.05), 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.
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