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UCON vs. FTSM
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between UCON and FTSM is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.3

Performance

UCON vs. FTSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust TCW Unconstrained Plus Bond ETF (UCON) and First Trust Enhanced Short Maturity ETF (FTSM). The values are adjusted to include any dividend payments, if applicable.

16.00%18.00%20.00%22.00%24.00%26.00%SeptemberOctoberNovemberDecember2025February
26.81%
18.45%
UCON
FTSM

Key characteristics

Sharpe Ratio

UCON:

2.33

FTSM:

10.80

Sortino Ratio

UCON:

3.43

FTSM:

27.07

Omega Ratio

UCON:

1.46

FTSM:

6.03

Calmar Ratio

UCON:

4.07

FTSM:

80.32

Martin Ratio

UCON:

9.70

FTSM:

325.04

Ulcer Index

UCON:

0.71%

FTSM:

0.02%

Daily Std Dev

UCON:

2.96%

FTSM:

0.50%

Max Drawdown

UCON:

-15.31%

FTSM:

-4.12%

Current Drawdown

UCON:

0.00%

FTSM:

0.00%

Returns By Period

In the year-to-date period, UCON achieves a 1.80% return, which is significantly higher than FTSM's 0.84% return.


UCON

YTD

1.80%

1M

1.20%

6M

2.08%

1Y

6.48%

5Y*

2.84%

10Y*

N/A

FTSM

YTD

0.84%

1M

0.44%

6M

2.36%

1Y

5.26%

5Y*

2.55%

10Y*

2.08%

*Annualized

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UCON vs. FTSM - Expense Ratio Comparison

UCON has a 0.76% expense ratio, which is higher than FTSM's 0.25% expense ratio.


Expense ratio chart for UCON: current value at 0.76% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.76%
Expense ratio chart for FTSM: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%

Risk-Adjusted Performance

UCON vs. FTSM — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UCON
The Risk-Adjusted Performance Rank of UCON is 9090
Overall Rank
The Sharpe Ratio Rank of UCON is 9292
Sharpe Ratio Rank
The Sortino Ratio Rank of UCON is 9393
Sortino Ratio Rank
The Omega Ratio Rank of UCON is 9292
Omega Ratio Rank
The Calmar Ratio Rank of UCON is 9292
Calmar Ratio Rank
The Martin Ratio Rank of UCON is 8080
Martin Ratio Rank

FTSM
The Risk-Adjusted Performance Rank of FTSM is 100100
Overall Rank
The Sharpe Ratio Rank of FTSM is 100100
Sharpe Ratio Rank
The Sortino Ratio Rank of FTSM is 9999
Sortino Ratio Rank
The Omega Ratio Rank of FTSM is 9999
Omega Ratio Rank
The Calmar Ratio Rank of FTSM is 100100
Calmar Ratio Rank
The Martin Ratio Rank of FTSM is 9999
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

UCON vs. FTSM - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust TCW Unconstrained Plus Bond ETF (UCON) and First Trust Enhanced Short Maturity ETF (FTSM). 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.


The chart of Sharpe ratio for UCON, currently valued at 2.33, compared to the broader market0.002.004.002.3310.80
The chart of Sortino ratio for UCON, currently valued at 3.43, compared to the broader market-2.000.002.004.006.008.0010.0012.003.4327.07
The chart of Omega ratio for UCON, currently valued at 1.46, compared to the broader market0.501.001.502.002.503.001.466.03
The chart of Calmar ratio for UCON, currently valued at 4.07, compared to the broader market0.005.0010.0015.0020.004.0780.32
The chart of Martin ratio for UCON, currently valued at 9.70, compared to the broader market0.0020.0040.0060.0080.00100.009.70325.04
UCON
FTSM

The current UCON Sharpe Ratio is 2.33, which is lower than the FTSM Sharpe Ratio of 10.80. The chart below compares the historical Sharpe Ratios of UCON and FTSM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.004.006.008.0010.0012.00SeptemberOctoberNovemberDecember2025February
2.33
10.80
UCON
FTSM

Dividends

UCON vs. FTSM - Dividend Comparison

UCON's dividend yield for the trailing twelve months is around 4.82%, which matches FTSM's 4.79% yield.


TTM20242023202220212020201920182017201620152014
UCON
First Trust TCW Unconstrained Plus Bond ETF
4.82%4.95%4.75%3.12%2.20%3.14%3.50%1.76%0.00%0.00%0.00%0.00%
FTSM
First Trust Enhanced Short Maturity ETF
4.79%4.91%4.62%1.62%0.39%1.20%2.38%2.14%1.38%1.03%0.48%0.19%

Drawdowns

UCON vs. FTSM - Drawdown Comparison

The maximum UCON drawdown since its inception was -15.31%, which is greater than FTSM's maximum drawdown of -4.12%. Use the drawdown chart below to compare losses from any high point for UCON and FTSM. For additional features, visit the drawdowns tool.


-1.50%-1.00%-0.50%0.00%SeptemberOctoberNovemberDecember2025February00
UCON
FTSM

Volatility

UCON vs. FTSM - Volatility Comparison

First Trust TCW Unconstrained Plus Bond ETF (UCON) has a higher volatility of 0.67% compared to First Trust Enhanced Short Maturity ETF (FTSM) at 0.12%. This indicates that UCON's price experiences larger fluctuations and is considered to be riskier than FTSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.20%0.40%0.60%0.80%1.00%SeptemberOctoberNovemberDecember2025February
0.67%
0.12%
UCON
FTSM