TRE.L vs. CAPS.L
TRE.L (First Trust Alerian Disruptive Technology Real Estate UCITS ETF) and CAPS.L (First Trust Capital Strength UCITS ETF Acc) are both exchange-traded funds - TRE.L is a REIT fund tracking the First Trust Alerian Disruptive Technology Real Estate UCITS ETF, while CAPS.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 3 years, TRE.L returned 2.81%/yr vs 9.59%/yr for CAPS.L. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
TRE.L vs. CAPS.L - Performance Comparison
Loading charts...
Different Trading Currencies
TRE.L is traded in USD, while CAPS.L is traded in GBp. To make them comparable, the CAPS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TRE.L achieves a 7.87% return, which is significantly higher than CAPS.L's 3.50% return.
TRE.L
- 1D
- 0.55%
- 1M
- -0.32%
- 6M
- 6.26%
- YTD
- 7.87%
- 1Y
- 10.69%
- 3Y*
- 2.81%
- 5Y*
- —
- 10Y*
- —
CAPS.L
- 1D
- 0.00%
- 1M
- 2.02%
- 6M
- 0.73%
- YTD
- 3.50%
- 1Y
- 7.29%
- 3Y*
- 9.59%
- 5Y*
- 5.58%
- 10Y*
- —
TRE.L vs. CAPS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TRE.L First Trust Alerian Disruptive Technology Real Estate UCITS ETF | 7.87% | 7.74% | -10.98% | 13.15% | -25.64% |
CAPS.L First Trust Capital Strength UCITS ETF Acc | 3.50% | 6.85% | 11.11% | 7.62% | -3.14% |
Correlation
The correlation between TRE.L and CAPS.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2022 | 0.53 |
The correlation between TRE.L and CAPS.L shifts across timeframes, from 0.43 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TRE.L vs. CAPS.L — Risk / Return Rank
TRE.L
CAPS.L
TRE.L vs. CAPS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Alerian Disruptive Technology Real Estate UCITS ETF (TRE.L) and First Trust Capital Strength UCITS ETF Acc (CAPS.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.
| TRE.L | CAPS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | -138.54 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 78.09 | -76.95 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 0.07 | +1.13 |
| Martin ratioReturn relative to average drawdown | 3.74 | 0.29 | +3.45 |
Loading charts...
Drawdowns
TRE.L vs. CAPS.L - Drawdown Comparison
The maximum TRE.L drawdown since its inception was -35.43%, smaller than the maximum CAPS.L drawdown of -99.12%. Use the drawdown chart below to compare losses from any high point for TRE.L and CAPS.L.
Loading charts...
Drawdown Indicators
| TRE.L | CAPS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.43% | -99.12% | +63.69% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -99.04% | +89.63% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -99.04% | +77.89% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.04% | — |
Current DrawdownCurrent decline from peak | -14.28% | -5.90% | -8.38% |
Average DrawdownAverage peak-to-trough decline | -21.59% | -18.79% | -2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 25.17% | -22.12% |
Volatility
TRE.L vs. CAPS.L - Volatility Comparison
First Trust Alerian Disruptive Technology Real Estate UCITS ETF (TRE.L) has a higher volatility of 4.97% compared to First Trust Capital Strength UCITS ETF Acc (CAPS.L) at 3.84%. This indicates that TRE.L's price experiences larger fluctuations and is considered to be riskier than CAPS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TRE.L | CAPS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 3.84% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 11.13% | 7.39% | +3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.98% | 13,939.23% | -13,925.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.60% | 6,245.88% | -6,227.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.60% | 5,484.71% | -5,466.11% |
Dividends
TRE.L vs. CAPS.L - Dividend Comparison
Neither TRE.L nor CAPS.L has paid dividends to shareholders.
Frequently Asked Questions
TRE.L and CAPS.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRE.L is categorized as REIT, while CAPS.L is Large Cap Blend Equities. TRE.L tracks First Trust Alerian Disruptive Technology Real Estate UCITS ETF, while CAPS.L tracks Russell 1000 TR USD.
Find the right allocation for TRE.L and CAPS.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer