FCA Alternatives & Similar ETFs

First Trust China AlphaDEX Fund (FCA) belongs to the China Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FCA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FCA

FCA charges 0.80% annually. There are 29 ETFs in the China Equities category with lower expense ratios, going as low as 0.19%.

Symbol	Name	Expense Ratio	AUM	Inception
FLCH	Franklin FTSE China ETF	0.19%	279.32M	Nov 2017	FCA vs FLCH
CXSE	WisdomTree China ex-State-Owned Enterprises Fund	0.32%	495.28M	Sep 2012	FCA vs CXSE
DRGN	Themes China Generative Artificial Intelligence ET...	0.39%	—	Jul 2025	FCA vs DRGN
ISVBF	iShares MSCI China A UCITS ETF	0.40%	—	Apr 2015	FCA vs ISVBF
CN	Xtrackers MSCI All China Equity ETF	0.50%	5.96M	Apr 2014	FCA vs CN

Best Risk-Adjusted Alternatives to FCA

FCA has a PortfoliosLab risk / return rank of 17. There are 14 ETFs in the China Equities category with higher risk-adjusted ranks, going as high as 94.

Symbol	Name	Risk / Return Rank	AUM	Inception
KCAI	KraneShares China Alpha Index ETF	94	3.18M	Aug 2024	FCA vs KCAI
KSTR	KraneShares SSE STAR Market 50 Index ETF	90	385.27M	Jan 2021	FCA vs KSTR
CNXT	VanEck Vectors ChinaAMC SME-ChiNext ETF	88	121.57M	Jul 2014	FCA vs CNXT
NBCE	Neuberger Berman China Equity ETF	83	18.42M	Oct 2023	FCA vs NBCE
MCHS	Matthews China Discovery Active ETF	81	22.41M	Jan 2024	FCA vs MCHS

Top Performing FCA Alternatives (YTD)

FCA is at -6.22% YTD. There are 21 ETFs in the China Equities category with higher YTD returns, going as high as 52.98%.

Symbol	Name	YTD Return	AUM	Inception
KSTR	KraneShares SSE STAR Market 50 Index ETF	52.98%	385.27M	Jan 2021	FCA vs KSTR
MCHS	Matthews China Discovery Active ETF	38.84%	22.41M	Jan 2024	FCA vs MCHS
YANG	Direxion Daily China 3x Bear Shares	38.12%	93.03M	Dec 2009	FCA vs YANG
FXP	ProShares UltraShort FTSE China 50	26.04%	6.74M	Nov 2007	FCA vs FXP
CNXT	VanEck Vectors ChinaAMC SME-ChiNext ETF	20.68%	121.57M	Jul 2014	FCA vs CNXT

Lowest Volatility Alternatives to FCA

FCA has 23.73% 1-year volatility. There are 17 ETFs in the China Equities category with lower 1-year volatility, going as low as 13.81%.

Symbol	Name	Volatility 1Y	AUM	Inception
KCAI	KraneShares China Alpha Index ETF	13.81%	3.18M	Aug 2024	FCA vs KCAI
JCHI	JPMorgan Active China ETF	18.50%	14.77M	Mar 2023	FCA vs JCHI
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	18.94%	1.35B	Nov 2013	FCA vs ASHR
GXC	SPDR S&P China ETF	19.24%	447.72M	Mar 2007	FCA vs GXC
CNYA	iShares MSCI China A ETF	19.41%	232.89M	Jun 2016	FCA vs CNYA

Lowest Drawdown Alternatives to FCA

FCA has a 1-year max drawdown of -23.38%. There are 19 ETFs in the China Equities category with shallower 1-year drawdowns, going as shallow as -5.90%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
KCAI	KraneShares China Alpha Index ETF	-5.90%	3.18M	Aug 2024	FCA vs KCAI
KBA	KraneShares Bosera MSCI China A Share ETF	-7.65%	149.93M	Mar 2014	FCA vs KBA
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-7.69%	1.35B	Nov 2013	FCA vs ASHR
CNYA	iShares MSCI China A ETF	-7.77%	232.89M	Jun 2016	FCA vs CNYA
YXI	ProShares Short FTSE China 50	-11.39%	4.73M	Mar 2010	FCA vs YXI

Other ETFs from First Trust

The 10 most viewed First Trust ETFs shown here include CIBR, GRID, AIRR and span 14 categories. AUM among these funds goes as high as $14B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CIBR	First Trust NASDAQ Cybersecurity ETF	Cybersecurity, Technology Equities	34	28.87%	14.26B	Jul 2015	FCA vs CIBR
GRID	First Trust NASDAQ Clean Edge Smart Grid Infrastru...	Alternative Energy Equities	58	19.10%	11.74B	Nov 2009	FCA vs GRID
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	66	23.60%	10.80B	Mar 2014	FCA vs AIRR
NFTY	First Trust India NIFTY 50 Equal Weight ETF	India Equities, Equal Weight, Asia Pacific Equities	4	-7.65%	132.86M	Feb 2012	FCA vs NFTY
FDL	First Trust Morningstar Dividend Leaders Index Fun...	Large Cap Value Equities, Dividend	76	15.23%	7.48B	Mar 2006	FCA vs FDL
IGLD	FT Vest Gold Strategy Target Income ETF	Gold, Derivative Income, Precious Metals	18	-7.95%	510.89M	Mar 2021	FCA vs IGLD
FTXL	First Trust Nasdaq Semiconductor ETF	Semiconductors, Technology Equities	94	86.56%	2.46B	Sep 2016	FCA vs FTXL
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	44	17.47%	4.34B	Aug 2012	FCA vs TDIV
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities	54	20.15%	718.18M	Feb 2007	FCA vs QCLN
KNG	FT Vest S&P 500 Dividend Aristocrats Target Income...	Dividend, S&P 500	34	8.48%	3.40B	Mar 2018	FCA vs KNG

Often Compared With FCA

Investors most often compare FCA with KGRN, KLIP, SPY. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
KGRN	KraneShares MSCI China Clean Technology Index ETF	China Equities, Asia Pacific Equities	5	-14.41%	52.83M	Oct 2017	FCA vs KGRN
KLIP	KraneShares China Internet and Covered Call Strate...	Options Trading	6	-9.76%	102.50M	Jan 2023	FCA vs KLIP
SPY	State Street SPDR S&P 500 ETF	S&P 500	66	10.45%	783.21B	Jan 1993	FCA vs SPY
YINN	Direxion Daily China 3x Bull Shares	China Equities, Leveraged Equities, Asia Pacific Equities	4	-40.12%	594.54M	Dec 2009	FCA vs YINN
SMIN	iShares MSCI India Small-Cap ETF	India Equities, Asia Pacific Equities	6	0.30%	726.95M	Feb 2012	FCA vs SMIN
DIVO	Amplify CWP Enhanced Dividend Income ETF	Derivative Income	69	7.22%	7.30B	Dec 2016	FCA vs DIVO
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	86	20.66%	98.55B	Oct 2011	FCA vs SCHD
PGJ	Invesco Golden Dragon China ETF	China Equities, Asia Pacific Equities	5	-17.71%	93.09M	Dec 2004	FCA vs PGJ
MCHI	iShares MSCI China ETF	China Equities, Asia Pacific Equities	8	-11.97%	6.05B	Mar 2011	FCA vs MCHI
CQQQ	Invesco China Technology ETF	China Equities, Asia Pacific Equities	25	2.31%	3.25B	Dec 2009	FCA vs CQQQ
EMDM	First Trust Bloomberg Emerging Market Democracies ...	Emerging Markets Diversified	89	29.59%	39.52M	Mar 2023	FCA vs EMDM
CNQQ	Rayliant-ChinaAMC Transformative China Tech ETF	China Equities, Asia Pacific Equities	—	7.06%	22.68M	Sep 2025	FCA vs CNQQ
FXI	iShares China Large-Cap ETF	China Equities, Asia Pacific Equities	6	-12.01%	4.41B	Oct 2004	FCA vs FXI
KWEB	KraneShares CSI China Internet ETF	China Equities, Asia Pacific Equities	5	-22.97%	5.22B	Jul 2013	FCA vs KWEB
ASIA	Matthews Pacific Tiger Active ETF	Asia Pacific Equities	62	19.88%	53.18M	Sep 2023	FCA vs ASIA
ASHX	Xtrackers MSCI China A Inclusion Equity ETF	China Equities, Asia Pacific Equities	—	—	4.63M	Oct 2015	FCA vs ASHX
ASHS	Xtrackers Harvest CSI 500 China A-Shares Small Cap...	China Equities, Asia Pacific Equities	69	12.81%	36.68M	May 2014	FCA vs ASHS
CAS	Simplify China A Shares PLUS Income ETF	China Equities, Asia Pacific Equities	—	—	13.69M	Jan 2025	FCA vs CAS
CGRO	CoreValues Alpha Greater China Growth ETF	China Equities, Asia Pacific Equities	4	-20.63%	2.34M	Oct 2023	FCA vs CGRO
MAGC	Roundhill China Magnificent Seven ETF	China Equities, Asia Pacific Equities	4	-20.52%	13.52M	Oct 2024	FCA vs MAGC

Compare FCA with Any Fund or Stock

Compare FCA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair FCA with funds that move differently

First Trust China AlphaDEX Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FCA.

Explore FCA Diversifiers

First Trust China AlphaDEX Fund (FCA) Alternatives