FTCB vs TYLG
First Trust Core Investment Grade ETF vs Global X Information Technology Covered Call & Growth ETF
Quick Verdict
FTCB has a lower expense ratio. TYLG delivered stronger 1-year returns. FTCB offers more diversification with 331 holdings.
Side-by-Side Comparison
| Metric | FTCB | TYLG | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.60% | |
| AUM | $2.5B | $14M | |
| Dividend Yield | 5.24% | 7.86% | |
| Holdings | 721 | 77 | |
| YTD Return | -0.03% | +22.67% | |
| 1Y Return | +2.47% | +33.77% | |
| 3Y Return (annualized) | - | +23.72% | |
| 5Y Return (annualized) | - | - | |
| Volatility (annualized) | 5.1% | 15.9% | |
| Max Drawdown | -5.0% | -24.5% | |
| Fund Family | First Trust Portfolios (US) | Global X by mirae Asset | |
| Category | Fixed Income | Alternative | |
| Inception | Nov 7, 2023 | Nov 21, 2022 |
FTCB vs TYLG Performance
First Trust Core Investment Grade ETF (FTCB) is a ETF from First Trust Portfolios (US) and Global X Information Technology Covered Call & Growth ETF (TYLG) is a ETF from Global X by mirae Asset. Over the past year FTCB returned +2.47% while TYLG returned +33.77%. Year to date, FTCB is down 0.03% versus a gain of 22.67% for TYLG.
Risk: Volatility and Drawdowns
TYLG has been the more volatile fund, with annualized monthly volatility of 15.9% compared with 5.1% for FTCB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -5.0% for FTCB and -24.5% for TYLG. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.22. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FTCB charges 0.56% per year while TYLG charges 0.60%. On a $10,000 position that is $56 vs $60 annually, a gap of $4 per year that compounds over a long holding period. On income, FTCB currently yields 5.24% against 7.86% for TYLG.
Holdings Overlap
FTCB and TYLG share 0 holdings out of 390 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FTCB or TYLG?
FTCB has an expense ratio of 0.56% while TYLG charges 0.60%. FTCB is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, FTCB or TYLG?
Over the past year FTCB returned +2.47% vs +33.77% for TYLG, so TYLG leads on 1-year performance. Over the longest common window we track (3 years), FTCB annualized +5.69% vs +25.71% for TYLG. Past performance does not guarantee future results.
Which is riskier, FTCB or TYLG?
TYLG has been the more volatile fund at 15.9% annualized versus 5.1% for FTCB. Worst drawdown: FTCB -5.0% vs TYLG -24.5%.
Should I hold both FTCB and TYLG?
FTCB and TYLG have a monthly-return correlation of 0.22, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FTCB and TYLG?
FTCB and TYLG share 0 common holdings with a 0.0% weight overlap. Combined, they hold 390 unique securities.
Which pays a higher dividend, FTCB or TYLG?
FTCB yields 5.24% while TYLG yields 7.86%, so TYLG currently pays the higher dividend yield.
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