XDEF vs. FTGC

Last updated Jun 24, 2026

XDEF (Xtrackers Europe Defense Technologies ETF) and FTGC (First Trust Global Tactical Commodity Strategy Fund) are both exchange-traded funds - XDEF is a Aerospace & Defense fund tracking the STOXX Europe Total Market Defence, Space and Cybersecurity Innovation 50-25 Index, while FTGC is a Commodities fund actively managed by First Trust. XDEF is passively managed, while FTGC is actively managed. At a correlation of -0.12, they often move in opposite directions. XDEF charges 0.35%/yr vs 0.95%/yr for FTGC.

Performance

XDEF vs. FTGC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Europe Defense Technologies ETF (XDEF) and First Trust Global Tactical Commodity Strategy Fund (FTGC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XDEF

• 1D: -0.23%
• 1M: -2.40%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XDEF vs. FTGC - Yearly Performance Comparison

	2026 (YTD)
XDEF Xtrackers Europe Defense Technologies ETF	-99.17%
FTGC First Trust Global Tactical Commodity Strategy Fund	18.86%

Correlation

The correlation between XDEF and FTGC is -0.12, 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 (All Time) Calculated using the full available price history since Jan 2, 2026	-0.12

Return for Risk

XDEF vs. FTGC — Risk / Return Rank

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

XDEF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FTGC

FTGC Risk / Return Rank: 55
FTGC Sharpe Ratio Rank: 56
FTGC Sortino Ratio Rank: 53
FTGC Omega Ratio Rank: 54
FTGC Calmar Ratio Rank: 55
FTGC Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XDEF vs. FTGC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Europe Defense Technologies ETF (XDEF) 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.

	XDEF	FTGC	Difference
Sharpe ratio: Return per unit of total volatility	—	1.82	—
Sortino ratio: Return per unit of downside risk	—	2.46	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.60	—
Martin ratio: Return relative to average drawdown	—	9.67	—

Drawdowns

XDEF vs. FTGC - Drawdown Comparison

The maximum XDEF drawdown since its inception was -99.30%, which is greater than FTGC's maximum drawdown of -59.47%. Use the drawdown chart below to compare losses from any high point for XDEF and FTGC.

Drawdown Indicators

	XDEF	FTGC	Difference
Max Drawdown Largest peak-to-trough decline	-99.30%	-59.47%	-39.83%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.87%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.64%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.91%	—
Current Drawdown Current decline from peak	-99.26%	-10.87%	-88.39%
Average Drawdown Average peak-to-trough decline	-73.02%	-27.34%	-45.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.94%	—

Volatility

Volatility by Period

	XDEF	FTGC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.21%	—
Volatility (1Y) Calculated over the trailing 1-year period	148.20%	15.70%	+132.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	148.20%	15.87%	+132.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	148.20%	14.71%	+133.49%

XDEF vs. FTGC - Expense Ratio Comparison

XDEF has a 0.35% expense ratio, which is lower than FTGC's 0.95% expense ratio.

Dividends

XDEF vs. FTGC - Dividend Comparison

XDEF's dividend yield for the trailing twelve months is around 1.52%, less than FTGC's 16.13% yield.

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%
XDEF Xtrackers Europe Defense Technologies ETF	1.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XDEF and FTGC in my portfolio?

XDEF and FTGC have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDEF or FTGC?

On fees, XDEF is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDEF or FTGC?

XDEF is cheaper with a 0.35% expense ratio, compared with 0.95% for FTGC.

Which ETF pays a higher dividend yield, XDEF or FTGC?

FTGC has the higher dividend yield at 16.13%, compared with 1.52% for XDEF.

What is the main difference between XDEF and FTGC?

XDEF is categorized as Aerospace & Defense, while FTGC is Commodities. They also come from different issuers: Xtrackers and First Trust. Their fees differ too: 0.35% for XDEF and 0.95% for FTGC.