TBLU vs. FTGC
TBLU (Tortoise Global Water Fund) and FTGC (First Trust Global Tactical Commodity Strategy Fund) are both exchange-traded funds - TBLU is a Water Equities fund tracking the Tortoise Global Water ESG Net Total Return Index, while FTGC is a Commodities fund actively managed by First Trust. TBLU is passively managed, while FTGC is actively managed. Over the past 5 years, TBLU returned 4.57%/yr vs 11.70%/yr for FTGC. At a 0.18 correlation, their price movements are largely independent. TBLU charges 0.40%/yr vs 0.95%/yr for FTGC.
Performance
TBLU vs. FTGC - Performance Comparison
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Returns By Period
In the year-to-date period, TBLU achieves a 0.68% return, which is significantly lower than FTGC's 16.89% return.
TBLU
- 1D
- 1.53%
- 1M
- 2.43%
- YTD
- 0.68%
- 6M
- -0.89%
- 1Y
- -0.00%
- 3Y*
- 10.25%
- 5Y*
- 4.57%
- 10Y*
- —
FTGC
- 1D
- -1.65%
- 1M
- -8.90%
- YTD
- 16.89%
- 6M
- 15.85%
- 1Y
- 28.35%
- 3Y*
- 13.63%
- 5Y*
- 11.70%
- 10Y*
- 6.98%
TBLU vs. FTGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TBLU Tortoise Global Water Fund | 0.68% | 11.82% | 8.54% | 20.95% | -25.99% | 28.93% | 15.74% | 38.72% | -12.80% | 20.81% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 16.89% | 14.61% | 9.96% | -5.36% | 17.36% | 27.95% | 2.17% | 6.40% | -12.75% | 0.85% |
Correlation
The correlation between TBLU and FTGC is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2017 | 0.18 |
The correlation between TBLU and FTGC shifts across timeframes, from -0.11 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TBLU vs. FTGC — Risk / Return Rank
TBLU
FTGC
TBLU vs. FTGC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise Global Water Fund (TBLU) 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.
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.
| TBLU | FTGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.33 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.00 | 2.31 | -2.31 |
| Martin ratioReturn relative to average drawdown | -0.00 | 9.40 | -9.40 |
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Drawdowns
TBLU vs. FTGC - Drawdown Comparison
The maximum TBLU drawdown since its inception was -37.58%, smaller than the maximum FTGC drawdown of -59.47%. Use the drawdown chart below to compare losses from any high point for TBLU and FTGC.
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Drawdown Indicators
| TBLU | FTGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.58% | -59.47% | +21.89% |
Max Drawdown (1Y)Largest decline over 1 year | -13.17% | -12.34% | -0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -15.42% | -12.34% | -3.08% |
Max Drawdown (5Y)Largest decline over 5 years | -35.36% | -22.64% | -12.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.91% | — |
Current DrawdownCurrent decline from peak | -9.24% | -12.34% | +3.10% |
Average DrawdownAverage peak-to-trough decline | -8.16% | -27.33% | +19.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.00% | 3.02% | +2.98% |
Volatility
TBLU vs. FTGC - Volatility Comparison
Tortoise Global Water Fund (TBLU) has a higher volatility of 4.59% compared to First Trust Global Tactical Commodity Strategy Fund (FTGC) at 3.33%. This indicates that TBLU's price experiences larger fluctuations and is considered to be riskier 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
| TBLU | FTGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 3.33% | +1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 11.88% | 13.32% | -1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.71% | 15.64% | -0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.36% | 15.89% | +1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.95% | 14.72% | +4.23% |
TBLU vs. FTGC - Expense Ratio Comparison
TBLU has a 0.40% expense ratio, which is lower than FTGC's 0.95% expense ratio.
Dividends
TBLU vs. FTGC - Dividend Comparison
TBLU's dividend yield for the trailing twelve months is around 3.28%, less than FTGC's 16.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FTGC First Trust Global Tactical Commodity Strategy Fund | 16.40% | 17.74% | 3.05% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% |
TBLU Tortoise Global Water Fund | 3.28% | 3.31% | 1.34% | 1.46% | 1.64% | 1.55% | 1.42% | 1.58% | 1.35% | 1.32% |
Frequently Asked Questions
TBLU and FTGC have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TBLU has higher volatility (4.59%) compared to FTGC (3.33%). In terms of maximum drawdown, TBLU dropped -37.58% vs FTGC's -59.47%.
On 5-year performance, FTGC leads with 11.70% vs 4.57% for TBLU. On fees, TBLU is cheaper at 0.40% per year. On volatility, FTGC has been the lower-risk option at 3.33%. 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 11.70% return vs 4.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TBLU is cheaper with a 0.40% expense ratio, compared with 0.95% for FTGC.
FTGC has the higher dividend yield at 16.40%, compared with 3.28% for TBLU.
TBLU is categorized as Water Equities, while FTGC is Commodities. They also come from different issuers: Tortoise and First Trust. Their fees differ too: 0.40% for TBLU and 0.95% for FTGC.
FTGC currently has the higher Sharpe Ratio (1.83 vs -0.00), 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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