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If you are reffering to FAT32 this is what it does.
A Drive Converter converts your drive to the FAT32 file system, an enhancement of the File Allocation Table (FAT or FAT16) file system format. When your drive is in this format, it stores data more efficiently, creating up to several hundred MB of extra disk space on the drive. In addition, programs load faster and your computer uses fewer system resources.
Short for NT File System, one of the file system for the Windows NT operating system (Windows NT also supports the FAT file system). NTFS has features to improve reliability, such as transaction logs to help recover from disk failures. To control access to files, you can set permissions for directories and/or individual files.NTFS files are not accessible from other operating systems such as DOS.
For large applications, NTFS supports spanning volumes, which means files and directories can be spread out across several physical disks.