SPAG.L vs. NXTG.L
SPAG.L (iShares Agribusiness UCITS ETF USD (Acc)) and NXTG.L (First Trust Indxx NextG UCITS ETF) are both Global Equities funds - SPAG.L tracks the iShares Agribusiness UCITS ETF USD (Acc) while NXTG.L tracks the First Trust Indxx NextG UCITS ETF. Both are passively managed. Over the past 10 years, SPAG.L returned 7.09%/yr vs 6.94%/yr for NXTG.L. At a 0.34 correlation, their price movements are largely independent.
Performance
SPAG.L vs. NXTG.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPAG.L achieves a 11.48% return, which is significantly lower than NXTG.L's 39.36% return. Both investments have delivered pretty close results over the past 10 years, with SPAG.L having a 7.09% annualized return and NXTG.L not far behind at 6.94%.
SPAG.L
- 1D
- 0.56%
- 1M
- 0.75%
- 6M
- 5.38%
- YTD
- 11.48%
- 1Y
- 13.71%
- 3Y*
- 4.36%
- 5Y*
- 5.00%
- 10Y*
- 7.09%
NXTG.L
- 1D
- -0.50%
- 1M
- -5.27%
- 6M
- 36.55%
- YTD
- 39.36%
- 1Y
- 56.77%
- 3Y*
- 16.78%
- 5Y*
- 9.76%
- 10Y*
- 6.94%
SPAG.L vs. NXTG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPAG.L iShares Agribusiness UCITS ETF USD (Acc) | 11.48% | 8.75% | -4.21% | -13.78% | 15.09% | 24.65% | 6.64% | 13.92% | -7.95% | 9.25% |
NXTG.L First Trust Indxx NextG UCITS ETF | 39.36% | 19.23% | 14.96% | 0.29% | -24.39% | 15.88% | 4.17% | 8.33% | -27.67% | 22.13% |
Correlation
The correlation between SPAG.L and NXTG.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2015 | 0.34 |
The correlation between SPAG.L and NXTG.L shifts across timeframes, from 0.18 (1 year) to 0.35 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPAG.L vs. NXTG.L — Risk / Return Rank
SPAG.L
NXTG.L
SPAG.L vs. NXTG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Agribusiness UCITS ETF USD (Acc) (SPAG.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.
| SPAG.L | NXTG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.50 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.26 | -0.66 |
| Martin ratioReturn relative to average drawdown | 4.12 | 4.72 | -0.61 |
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Drawdowns
SPAG.L vs. NXTG.L - Drawdown Comparison
The maximum SPAG.L drawdown since its inception was -43.95%, roughly equal to the maximum NXTG.L drawdown of -45.94%. Use the drawdown chart below to compare losses from any high point for SPAG.L and NXTG.L.
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Drawdown Indicators
| SPAG.L | NXTG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.95% | -45.94% | +1.99% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -25.38% | +15.82% |
Max Drawdown (3Y)Largest decline over 3 years | -27.60% | -31.89% | +4.29% |
Max Drawdown (5Y)Largest decline over 5 years | -31.95% | -32.91% | +0.96% |
Max Drawdown (10Y)Largest decline over 10 years | -31.95% | -45.94% | +13.99% |
Current DrawdownCurrent decline from peak | -10.54% | -9.51% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -17.43% | -19.86% | +2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 12.16% | -8.44% |
Volatility
SPAG.L vs. NXTG.L - Volatility Comparison
The current volatility for iShares Agribusiness UCITS ETF USD (Acc) (SPAG.L) is 3.21%, while First Trust Indxx NextG UCITS ETF (NXTG.L) has a volatility of 6.66%. This indicates that SPAG.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
| SPAG.L | NXTG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 6.66% | -3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 15.57% | -5.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.82% | 46.75% | -33.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 43.04% | -22.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.96% | 32.80% | -13.84% |
Dividends
SPAG.L vs. NXTG.L - Dividend Comparison
Neither SPAG.L nor NXTG.L has paid dividends to shareholders.
Frequently Asked Questions
SPAG.L and NXTG.L have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPAG.L tracks iShares Agribusiness UCITS ETF USD (Acc), while NXTG.L tracks First Trust Indxx NextG UCITS ETF. They also come from different issuers: iShares and First Trust.
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