First Trust China AlphaDEX Fund (FCA) Sharpe Ratio: 2.07

FCA's Sharpe Ratio of 2.07 indicates that for each unit of volatility, it generates 2.07 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Apr 1, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

FCA Sharpe Ratio Rank

Exceptional

FCA ranks above 91.3% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Suitable as a core holding given strong risk-adjusted returns
Monitor rank changes to detect deteriorating return-to-volatility profile
Exceptional Sharpe ratio supports larger position sizes
Compare with category peers to assess whether strength is investment-specific or category-wide

FCA Sharpe Ratio Market Positioning

The chart shows FCA's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 0.47 or lower
Yellow zone (middle 50%): 0.47 to 1.38
Green zone (top 25%): 1.38 or higher
Top 1%: 5.68+
Median: 0.94 — half of all investments score higher

How it compares to other similar ETFs

The table compares First Trust China AlphaDEX Fund's Sharpe Ratio with other ETFs in the China Equities category across multiple time periods, showing how FCA's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Apr 1, 2026.

Symbol	Name	1Y Sharpe Ratio
FCA	First Trust China AlphaDEX Fund	2.07
CNXT	VanEck Vectors ChinaAMC SME-ChiNext ETF	2.06
ASHS	Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF	1.70
KBA	KraneShares Bosera MSCI China A Share ETF	1.63
NBCE	Neuberger Berman China Equity ETF	1.60
ASHR	Xtrackers Harvest CSI 300 China A-Shares Fund	1.39
CNYA	iShares MSCI China A ETF	1.30
MCHS	Matthews China Discovery Active ETF	1.27
CHAU	Direxion Daily CSI 300 China A Share Bull 2x Shares	1.23
ECNS	iShares MSCI China Small-Cap ETF	0.99

Benchmark Against

Benchmark

S&P 500 Index

Lookback Period

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Historical Sharpe Ratio

The chart shows FCA's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when FCA consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Explore FCA risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

FCA Sortino Ratio