FTSL vs CWI

Comparison between FIRST TRUST SENIOR LOAN FUND (FTSL, ETF) and SPDR(R) MSCI ACWI EX-US ETF (CWI, ETF).

5-Year PerformanceCWI has outperformed FTSL, delivering a return of +9.0% compared to +5.1%

FTSL vs CWI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FTSL(ETF)	CWI(ETF)
Net Assets	$2.20B	$2.30B
Expense Ratio	0.70%	0.30%
Max Drawdown	26.38%	62.39%
Sharpe Ratio	0.86	1.88
5Y Beta	0.10	0.75
5Y Dividends CAGR	13.76%	16.94%

Net Assets

FTSL

$2.20B

Winner

CWI

$2.30B

Expense Ratio

FTSL

0.70%

Winner

CWI

0.30%

Max Drawdown

Winner

FTSL

26.38%

CWI

62.39%

Sharpe Ratio

FTSL

0.86

Winner

CWI

1.88

5Y Beta

Winner

FTSL

0.10

CWI

0.75

5Y Dividends CAGR

FTSL

13.76%

Winner

CWI

16.94%

FTSL vs CWI - Historical Returns

Returns include dividend reinvestment.

Period	FTSL	CWI
1 month	+0.99%	+4.67%
3 months	+1.15%	+3.49%
6 months	+1.73%	+16.31%
1 year	+5.52%	+35.69%
5 years(CAGR)	+5.14%	+8.97%
10 years(CAGR)	+4.50%	+10.09%
Max(CAGR)	+4.02%	+5.44%

FTSL

+0.99%

Winner

CWI

+4.67%

FTSL

+1.15%

Winner

CWI

+3.49%

FTSL

+1.73%

Winner

CWI

+16.31%

FTSL

+5.52%

Winner

CWI

+35.69%

5Y(CAGR)

FTSL

+5.14%

Winner

CWI

+8.97%

10Y(CAGR)

FTSL

+4.50%

Winner

CWI

+10.09%

Max(CAGR)

FTSL

+4.02%

Winner

CWI

+5.44%

FTSL vs CWI - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	FTSL	CWI
2026	+0.59%	+10.60%
2025	+6.00%	+32.76%
2024	+8.32%	+7.58%
2023	+10.96%	+15.05%
2022	-2.44%	-15.80%
2021	+4.05%	+8.00%
2020	+2.82%	+8.58%
2019	+10.16%	+22.09%
2018	-1.40%	-14.65%
2017	+2.64%	+25.95%
2016	+7.28%	+6.67%
2015	+0.16%	-4.94%
2014	+1.32%	-1.28%
2013	+1.79%	+12.22%
2012	N/A	+13.69%
2011	N/A	-14.44%
2010	N/A	+8.51%
2009	N/A	+35.42%
2008	N/A	-41.96%
2007	N/A	+15.36%

FTSL vs CWI Drawdown Comparison

The maximum drawdown for FTSL was -22.67%, occurring on Mar 23, 2020. Recovery took 198 trading sessions.

The maximum drawdown for CWI was -60.77%, occurring on Mar 9, 2009. Recovery took 1668 trading sessions.

The current CWI drawdown is -0.42%.

Rank	FTSL	CWI
#1	-22.67% Jan 29, 2020 - Nov 9, 2020	-60.77% Oct 31, 2007 - Jun 18, 2014
#2	-6.96% Jan 24, 2022 - Feb 1, 2023	-34.64% Jan 26, 2018 - Nov 13, 2020
#3	-4.61% Oct 22, 2018 - Feb 20, 2019	-29.42% Jun 14, 2021 - May 9, 2024
#4	-4.29% Jul 21, 2015 - Apr 21, 2016	-25.24% Jul 3, 2014 - May 5, 2017
#5	-2.66% Mar 25, 2025 - Apr 28, 2025	-13.85% Mar 19, 2025 - May 2, 2025
#6	-2.54% Dec 2, 2014 - Feb 5, 2015	-12.72% Jul 13, 2007 - Oct 1, 2007
#7	-2.33% Jan 16, 2026 - May 5, 2026	-11.47% Feb 25, 2026 - May 6, 2026
#8	-2.06% Jul 28, 2014 - Nov 24, 2014	-9.50% Sep 26, 2024 - Mar 17, 2025
#9	-1.83% May 31, 2013 - Oct 22, 2013	-8.03% Jul 12, 2024 - Aug 23, 2024
#10	-1.54% Feb 7, 2023 - Apr 3, 2023	-7.91% Feb 26, 2007 - Apr 3, 2007
#11	-1.21% Sep 17, 2019 - Nov 11, 2019	-4.96% Nov 12, 2025 - Dec 10, 2025
#12	-1.09% Jul 31, 2024 - Aug 19, 2024	-4.92% Feb 16, 2021 - Apr 15, 2021
#13	-0.98% Jun 9, 2016 - Jul 8, 2016	-4.58% Jan 21, 2021 - Feb 9, 2021
#14	-0.97% Jul 30, 2019 - Sep 10, 2019	-4.21% Jul 23, 2025 - Aug 13, 2025
#15	-0.93% Oct 24, 2016 - Dec 7, 2016	-3.82% Aug 23, 2024 - Sep 19, 2024

Correlation

Correlation between FTSL and CWI is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95

-101

Dividend Comparison (2007 - 2026)

FTSL vs CWI dividend yield comparison.

Year	FTSL	CWI
2026	2.10%	0.00%
2025	6.59%	2.97%
2024	7.56%	2.89%
2023	7.59%	2.80%
2022	4.77%	3.17%
2021	3.17%	2.65%
2020	3.48%	2.07%
2019	4.44%	3.05%
2018	4.29%	2.81%
2017	3.64%	2.29%
2016	3.70%	2.45%
2015	3.95%	2.62%
2014	3.75%	3.21%
2013	2.64%	2.69%
2012	0.00%	3.15%
2011	0.00%	2.98%
2010	0.00%	2.31%
2009	0.00%	2.20%
2008	0.00%	2.17%
2007	0.00%	2.01%