Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
First Trust Enhanced Stocks, Bonds & Gold ETF
$20.810.00 (0.00%)
- 0.95%
- $2M
- 0M sh
- $20.90
- low $19.86high $27.03
The ETF.net ESBG Grade
F
Score 16 out of 100
- 37 of 37
Score 16 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 16
- This cap took
- −0
- Published Score
- 16
Cost
The fund’s net expense ratio, ranked against its category.F13 out of 100Rank 31 of 37Mission
Whether the fund did what it promised, tested against its stated mandate.D28 out of 100Rank 28 of 29Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F13 out of 100Rank 33 of 35Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F9 out of 100Rank 37 of 37Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.F7 out of 100Rank 33 of 33Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D29 out of 100Rank 30 of 37
Our read on ESBG
FStocks, bonds and gold in one actively managed wrapper. ESBG holds U.S. Treasuries and cash as collateral, then layers on futures for S&P 500, intermediate Treasury and gold exposure. The classic diversified trio, stacked rather than sliced.
The Fund seeks long-term total return through active management of U.S. Treasuries, cash and cash equivalents, and futures providing exposure to the S&P 500 Index, intermediate U.S. Treasuries, and gold.
Why people hold it
- One ticket to the three-legged portfolio: futures deliver S&P 500, intermediate Treasury and gold exposure together, with Treasuries and cash sitting underneath as the collateral.ftportfolios.com
- Actively managed rather than locked to a fixed split, so the manager can move among the stock, bond and gold sleeves and the Treasury and cash base.ftportfolios.com
- Gold is a full sleeve, not a garnish. The strongest capital-efficient peers stack equities with one other asset (bonds in NTSX, gold in GDE); this one runs all three.
- Backed by First Trust, a long-established ETF issuer, and it distributes quarterly.
Worth knowing
- At 0.95%, it charges more than the typical allocation fund and far more than capital-efficient peers NTSX and GDE at 0.20%. Active discretion is the thing you're paying up for.
- Launched in late 2025 as a small fund, so there's little history behind the manager's allocation calls and trading is lighter than the long-running names in the category.
- The three sleeves are futures positions on a Treasury and cash base, so results depend on the collateral as well as the markets, and stocks, bonds and gold can fall together.ftportfolios.com
ESBG Holdings
- Other
- 4
- 100%
- US Dollar
ESBG Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
ESBG$9,943
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | ESBG |
|---|---|
| Year to date | −0.6% |
| 1 month | −2.4% |
| 3 months | 0.0% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ESBG |
|---|---|---|
| 2026 YTD | −0.6% | |
| 2025 | +5.7% |
ESBG in the news
ESBG Dividends
- $0.09 per share
- Quarterly
Distribution data unavailable.
Distribution history
ESBG Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.06
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ESBG Cost
0.95%
ESBG0.95%
- The middle half of Multi-Asset Allocation funds
- Median 0.58%
30 of the 37 Multi-Asset Allocation funds charge less.
Other funds in Multi-Asset Allocation
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- DAGOXAdaptive ETFs - Adaptive Alpha Opportunities ETFExpense ratio 1.36%1 year return +12.6%
- FLCOLOGIQ Contrarian Opportunities ETFExpense ratio 1.13%1 year return —
- FGLDBIDX Alternative FIAT ETFExpense ratio 0.96%1 year return —