- ISIN
- US33737J1170
- CUSIP
- 33737J117
- Issuer
- First Trust
- Inception Date
- Apr 26, 2011
- Region
- Developed Europe (Broad)
- Category
- Europe Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Defined Europe Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $512M
Share Price Chart
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Performance
FEP Performance Chart
First Trust Europe AlphaDEX Fund (FEP) is up 7.3% since the beginning of the year. FEP is currently trading at $58 per share. Investors who bought $1,000 worth of FEP shares 5 years ago would now be looking at an investment worth $1,577.
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Returns By Period
First Trust Europe AlphaDEX Fund (FEP) has returned 7.28% so far this year and 27.23% over the past 12 months. Over the last ten years, FEP has returned 11.19% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.
First Trust Europe AlphaDEX Fund
- 1D
- -1.39%
- 1M
- -2.05%
- YTD
- 7.28%
- 6M
- 7.31%
- 1Y
- 27.23%
- 3Y*
- 23.84%
- 5Y*
- 9.54%
- 10Y*
- 11.19%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
FEP Monthly Returns History
Based on dividend-adjusted daily data since Apr 26, 2011, FEP's average daily return is +0.04%, while the average monthly return is +0.71%. At this rate, an investment would double in approximately 8.2 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2020 with a return of +15.5%, while the worst month was Mar 2020 at -22.8%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FEP closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +11.0%, while the worst single day was Mar 16, 2020 at -14.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.16% | 3.46% | -7.37% | 6.45% | 2.27% | -3.13% | 7.28% | ||||||
| 2025 | 4.88% | 5.59% | 3.22% | 4.48% | 9.26% | 4.65% | -0.24% | 4.06% | 3.52% | -0.25% | 0.99% | 5.32% | 55.72% |
| 2024 | -2.34% | 1.89% | 4.77% | -1.76% | 7.20% | -4.67% | 3.56% | 2.02% | 0.89% | -4.03% | -0.86% | -2.62% | 3.38% |
| 2023 | 11.09% | -1.45% | -1.26% | 1.94% | -6.10% | 6.10% | 4.82% | -4.32% | -4.09% | -4.73% | 10.76% | 4.84% | 16.85% |
| 2022 | -4.50% | -6.71% | 0.72% | -7.84% | 3.06% | -12.56% | 3.19% | -6.84% | -11.86% | 9.48% | 12.26% | -0.74% | -22.97% |
| 2021 | 0.16% | 2.07% | 4.62% | 3.98% | 5.25% | -2.66% | 2.23% | 1.90% | -5.25% | 4.06% | -4.36% | 4.56% | 17.03% |
Benchmark Metrics
First Trust Europe AlphaDEX Fund has an annualized alpha of -1.97%, beta of 0.86, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since April 26, 2011.
- This ETF participated in 115.00% of S&P 500 Index downside but only 91.88% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.49 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -1.97%
- Beta
- 0.86
- R²
- 0.49
- Upside Capture
- 91.88%
- Downside Capture
- 115.00%
Expense Ratio
FEP has an expense ratio of 0.80%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FEP ranks 49 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Trust Europe AlphaDEX Fund (FEP) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FEP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 2.46 | -0.20 |
| Martin ratioReturn relative to average drawdown | 8.64 | 10.92 | -2.27 |
Dividends
Dividend History
First Trust Europe AlphaDEX Fund provided a 3.05% dividend yield over the last twelve months, with an annual payout of $1.76 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.76 | $1.79 | $1.77 | $1.19 | $0.96 | $1.50 | $0.88 | $0.99 | $0.81 | $0.64 | $0.62 | $0.65 |
Dividend yield | 3.05% | 3.33% | 4.94% | 3.27% | 3.00% | 3.49% | 2.32% | 2.63% | 2.62% | 1.65% | 2.14% | 2.20% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Europe AlphaDEX Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.08 | ||||||
| 2025 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.96 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.54 | $1.79 |
| 2024 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.92 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.27 | $1.77 |
| 2023 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.86 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.20 | $1.19 |
| 2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.77 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.00 | $0.96 |
| 2021 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.64 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.52 | $1.50 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Europe AlphaDEX Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Europe AlphaDEX Fund was 46.05%, occurring on Mar 18, 2020. Recovery took 203 trading sessions.
The current First Trust Europe AlphaDEX Fund drawdown is 3.89%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -46.05%Mar 2020 | 2y 1mo | 9mo 24d | 2y 11moJan 2018 - Jan 2021 |
Bear market2022 | -38.99%Sep 2022 | 1y 24d | 2y 4mo | 3y 5moSep 2021 - Feb 2025 |
2012 bear market2012 | -34.68%Jun 2012 | 1y 29d | 1y 2mo | 2y 3moMay 2011 - Aug 2013 |
2016 bear market2016 | -26.32%Feb 2016 | 1y 8mo | 1y 2mo | 2y 10moJun 2014 - May 2017 |
2025 selloff2025 | -15.83%Apr 2025 | 18d | 22d | 1mo 10dMar 2025 - Apr 2025 |
Drawdown Indicators
| FEP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.05% | -56.78% | +10.73% |
Max Drawdown (1Y)Largest decline over 1 year | -12.13% | -9.10% | -3.03% |
Max Drawdown (3Y)Largest decline over 3 years | -15.83% | -18.90% | +3.07% |
Max Drawdown (5Y)Largest decline over 5 years | -38.99% | -25.43% | -13.56% |
Max Drawdown (10Y)Largest decline over 10 years | -46.05% | -33.92% | -12.13% |
Current DrawdownCurrent decline from peak | -3.89% | -3.21% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -11.99% | -10.71% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 2.04% | +1.12% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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