TFJL vs. FTGC
TFJL (Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly) and FTGC (First Trust Global Tactical Commodity Strategy Fund) are both exchange-traded funds - TFJL is a Defined Outcome fund actively managed by Innovator, while FTGC is a Commodities fund actively managed by First Trust. Both are actively managed. Over the past 5 years, TFJL returned -3.56%/yr vs 12.29%/yr for FTGC. At a correlation of -0.12, they often move in opposite directions. TFJL charges 0.79%/yr vs 0.95%/yr for FTGC.
Performance
TFJL vs. FTGC - Performance Comparison
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Returns By Period
In the year-to-date period, TFJL achieves a -1.34% return, which is significantly lower than FTGC's 18.86% return.
TFJL
- 1D
- 0.15%
- 1M
- 1.73%
- YTD
- -1.34%
- 6M
- -1.61%
- 1Y
- -1.74%
- 3Y*
- -1.49%
- 5Y*
- -3.56%
- 10Y*
- —
FTGC
- 1D
- -1.14%
- 1M
- -7.37%
- YTD
- 18.86%
- 6M
- 17.54%
- 1Y
- 28.18%
- 3Y*
- 14.26%
- 5Y*
- 12.29%
- 10Y*
- 7.15%
TFJL vs. FTGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TFJL Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly | -1.34% | -0.81% | -6.79% | 8.23% | -17.17% | -2.46% | -2.00% |
FTGC First Trust Global Tactical Commodity Strategy Fund | 18.86% | 14.61% | 9.96% | -5.36% | 17.36% | 27.95% | 13.17% |
Correlation
The correlation between TFJL 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 | -0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2020 | -0.12 |
The correlation between TFJL and FTGC shifts across timeframes, from -0.25 (1 year) to -0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TFJL vs. FTGC — Risk / Return Rank
TFJL
FTGC
TFJL vs. FTGC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly (TFJL) 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.
| TFJL | FTGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.03 | ||
| Sortino ratioReturn per unit of downside risk | -2.71 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.32 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 2.60 | -2.81 |
| Martin ratioReturn relative to average drawdown | -0.44 | 9.67 | -10.10 |
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Drawdowns
TFJL vs. FTGC - Drawdown Comparison
The maximum TFJL drawdown since its inception was -25.45%, smaller than the maximum FTGC drawdown of -59.47%. Use the drawdown chart below to compare losses from any high point for TFJL and FTGC.
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Drawdown Indicators
| TFJL | FTGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.45% | -59.47% | +34.02% |
Max Drawdown (1Y)Largest decline over 1 year | -8.50% | -10.87% | +2.37% |
Max Drawdown (3Y)Largest decline over 3 years | -12.72% | -10.87% | -1.85% |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | -22.64% | -0.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.91% | — |
Current DrawdownCurrent decline from peak | -22.04% | -10.87% | -11.17% |
Average DrawdownAverage peak-to-trough decline | -15.07% | -27.34% | +12.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 2.94% | +1.07% |
Volatility
TFJL vs. FTGC - Volatility Comparison
The current volatility for Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly (TFJL) is 2.05%, while First Trust Global Tactical Commodity Strategy Fund (FTGC) has a volatility of 3.07%. This indicates that TFJL 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
| TFJL | FTGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 3.07% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 5.82% | 13.21% | -7.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.31% | 15.70% | -7.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.38% | 15.87% | -6.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.02% | 14.71% | -5.69% |
TFJL vs. FTGC - Expense Ratio Comparison
TFJL has a 0.79% expense ratio, which is lower than FTGC's 0.95% expense ratio.
Dividends
TFJL vs. FTGC - Dividend Comparison
TFJL has not paid dividends to shareholders, while FTGC's dividend yield for the trailing twelve months is around 16.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FTGC First Trust Global Tactical Commodity Strategy Fund | 16.13% | 17.74% | 3.05% | 3.34% | 10.35% | 7.21% | 0.00% | 0.81% | 0.80% | 1.21% |
TFJL Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TFJL 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 (3.07%) compared to TFJL (2.05%). In terms of maximum drawdown, TFJL dropped -25.45% vs FTGC's -59.47%.
On 5-year performance, FTGC leads with 12.29% vs -3.56% for TFJL. On fees, TFJL is cheaper at 0.79% per year. On volatility, TFJL has been the lower-risk option at 2.05%. 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 12.29% return vs -3.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TFJL is cheaper with a 0.79% expense ratio, compared with 0.95% for FTGC.
FTGC has the higher dividend yield at 16.13%, compared with 0.00% for TFJL.
TFJL is categorized as Defined Outcome, while FTGC is Commodities. They also come from different issuers: Innovator and First Trust. Their fees differ too: 0.79% for TFJL and 0.95% for FTGC.
FTGC currently has the higher Sharpe Ratio (1.82 vs -0.21), 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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