FEP Alternatives & Similar ETFs

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

Cheapest Alternatives to FEP

FEP charges 0.80% annually. There are 47 ETFs in the Europe Equities category with lower expense ratios, going as low as 0.06%.

Symbol	Name	Expense Ratio	AUM	Inception
VGK	Vanguard FTSE Europe ETF	0.06%	37.80B	Mar 2005	FEP vs VGK
BBEU	JPMorgan BetaBuilders Europe ETF	0.09%	9.14B	Jun 2018	FEP vs BBEU
SPEU	SPDR Portfolio Europe ETF	0.09%	720.89M	Oct 2002	FEP vs SPEU
FLEU	Franklin FTSE Eurozone ETF	0.09%	71.27M	Nov 2017	FEP vs FLEU
IEUR	iShares Core MSCI Europe ETF	0.09%	8.91B	Jun 2014	FEP vs IEUR

Best Risk-Adjusted Alternatives to FEP

FEP has a PortfoliosLab risk / return rank of 53. There are 8 ETFs in the Europe Equities category with higher risk-adjusted ranks, going as high as 84.

Symbol	Name	Risk / Return Rank	AUM	Inception
EFNL	iShares MSCI Finland ETF	84	56.67M	Jan 2012	FEP vs EFNL
EWO	iShares MSCI Austria ETF	68	136.36M	Mar 1996	FEP vs EWO
ENOR	iShares MSCI Norway ETF	67	111.08M	Jan 2012	FEP vs ENOR
NORW	Global X MSCI Norway ETF	66	161.61M	Nov 2010	FEP vs NORW
FDD	First Trust STOXX European Select Dividend Index F...	65	884.12M	Aug 2007	FEP vs FDD

Top Performing FEP Alternatives (YTD)

FEP is at 11.01% YTD. There are 10 ETFs in the Europe Equities category with higher YTD returns, going as high as 28.94%.

Symbol	Name	YTD Return	AUM	Inception
ENOR	iShares MSCI Norway ETF	28.94%	111.08M	Jan 2012	FEP vs ENOR
NORW	Global X MSCI Norway ETF	26.97%	161.61M	Nov 2010	FEP vs NORW
EFNL	iShares MSCI Finland ETF	21.56%	56.67M	Jan 2012	FEP vs EFNL
EWN	iShares MSCI Netherlands ETF	19.64%	549.97M	Mar 1996	FEP vs EWN
EWO	iShares MSCI Austria ETF	16.61%	136.36M	Mar 1996	FEP vs EWO

Lowest Volatility Alternatives to FEP

FEP has 16.77% 1-year volatility. There are 26 ETFs in the Europe Equities category with lower 1-year volatility, going as low as 0.00%.

Symbol	Name	Volatility 1Y	AUM	Inception
EUSC	WisdomTree Europe Hedged SmallCap Equity Fund	0.00%	128.99M	Mar 2015	FEP vs EUSC
RFEU	First Trust RiverFront Dynamic Europe ETF	8.77%	100.00K	Apr 2016	FEP vs RFEU
DBEU	Xtrackers MSCI Europe Hedged Equity Fund	12.66%	773.08M	Oct 2013	FEP vs DBEU
OPPE	WisdomTree European Opportunities Fund	13.87%	269.61M	Mar 2015	FEP vs OPPE
EUDV	ProShares MSCI Europe Dividend Growers ETF	14.01%	8.41M	Sep 2015	FEP vs EUDV

Lowest Drawdown Alternatives to FEP

FEP has a 1-year max drawdown of -12.13%. There are 22 ETFs in the Europe Equities category with shallower 1-year drawdowns, going as shallow as -5.15%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
RFEU	First Trust RiverFront Dynamic Europe ETF	-5.15%	100.00K	Apr 2016	FEP vs RFEU
EFNL	iShares MSCI Finland ETF	-7.92%	56.67M	Jan 2012	FEP vs EFNL
OPPE	WisdomTree European Opportunities Fund	-8.83%	269.61M	Mar 2015	FEP vs OPPE
ENOR	iShares MSCI Norway ETF	-9.01%	111.08M	Jan 2012	FEP vs ENOR
NORW	Global X MSCI Norway ETF	-9.18%	161.61M	Nov 2010	FEP vs NORW

Other ETFs from First Trust

The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 11 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	Technology Equities, Cybersecurity	32	32.24%	13.68B	Jul 2015	FEP vs CIBR
GRID	First Trust Nasdaq Clean Edge Smart GRID Infrastru...	Alternative Energy Equities	81	29.13%	11.29B	Nov 2009	FEP vs GRID
NFTY	First Trust India NIFTY 50 Equal Weight ETF	Asia Pacific Equities	4	-8.47%	133.88M	Feb 2012	FEP vs NFTY
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	81	31.07%	10.62B	Mar 2014	FEP vs AIRR
FDL	First Trust Morningstar Dividend Leaders Index Fun...	Large Cap Value Equities, Dividend	73	13.62%	7.39B	Mar 2006	FEP vs FDL
IGLD	FT Cboe Vest Gold Strategy Target Income ETF	Precious Metals, Gold	30	2.52%	591.41M	Mar 2021	FEP vs IGLD
FTXL	First Trust Nasdaq Semiconductor ETF	Semiconductors, Technology Equities	97	111.04%	2.52B	Sep 2016	FEP vs FTXL
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	88	32.96%	4.66B	Aug 2012	FEP vs TDIV
KNG	FT Cboe Vest S&P 500 Dividend Aristocrats Target I...	Dividend, S&P 500	21	2.25%	3.28B	Mar 2018	FEP vs KNG
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities	91	53.57%	895.30M	Feb 2007	FEP vs QCLN

Often Compared With FEP

Investors most often compare FEP with DFE, FEUZ, HEDJ. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
DFE	WisdomTree Europe SmallCap Dividend Fund	Europe Equities, Dividend	27	6.34%	165.78M	Jun 2006	FEP vs DFE
FEUZ	First Trust Eurozone AlphaDEX ETF	Europe Equities	51	12.27%	141.54M	Oct 2014	FEP vs FEUZ
HEDJ	WisdomTree Europe Hedged Equity Fund	Europe Equities	31	7.31%	1.78B	Dec 2009	FEP vs HEDJ
DWMF	WisdomTree International Multifactor Fund	Foreign Large Cap Equities	21	2.60%	37.43M	Aug 2018	FEP vs DWMF
QYLD	Global X NASDAQ 100 Covered Call ETF	Nasdaq-100, Derivative Income	90	7.94%	8.41B	Dec 2013	FEP vs QYLD
LVHI	Legg Mason International Low Volatility High Divid...	Volatility Hedged Equity, Dividend	90	11.90%	4.94B	Jul 2016	FEP vs LVHI
^GSPC	S&P 500 Index		79	11.16%	—	—	FEP vs ^GSPC
FPXE	First Trust IPOX Europe Equity Opportunities ETF	Europe Equities	34	15.23%	5.41M	Oct 2018	FEP vs FPXE
IEUS	iShares MSCI Europe Small-Cap ETF	Europe Equities	26	7.06%	185.24M	Nov 2007	FEP vs IEUS
EZU	iShares MSCI Eurozone ETF	Europe Equities	33	8.17%	9.37B	Jul 2000	FEP vs EZU
VEA	Vanguard FTSE Developed Markets ETF	Foreign Large Cap Equities	61	15.96%	304.30B	Jul 2007	FEP vs VEA
FEZ	SPDR EURO STOXX 50 ETF	Europe Equities	29	6.51%	4.50B	Oct 2002	FEP vs FEZ
HEZU	iShares Currency Hedged MSCI Eurozone ETF	Europe Equities	40	10.46%	540.23M	Jul 2014	FEP vs HEZU
GLD	SPDR Gold Shares	Gold, Precious Metals	34	3.95%	150.37B	Nov 2004	FEP vs GLD
CNXT	VanEck Vectors ChinaAMC SME-ChiNext ETF	China Equities	94	32.35%	146.97M	Jul 2014	FEP vs CNXT
FLSW	Franklin FTSE Switzerland ETF	Europe Equities	25	3.42%	83.34M	Feb 2018	FEP vs FLSW
IDV	iShares International Select Dividend ETF	Global Equities, Dividend	85	13.56%	8.61B	Jun 2007	FEP vs IDV
PTEU	Pacer Trendpilot European Index ETF	Europe Equities	31	6.97%	36.26M	Dec 2015	FEP vs PTEU
ROBT	First Trust Nasdaq Artificial Intelligence & Robot...	Technology Equities, Robotics	37	16.22%	763.61M	Feb 2018	FEP vs ROBT
FLGB	Franklin FTSE United Kingdom ETF	Europe Equities	42	6.25%	876.43M	Nov 2017	FEP vs FLGB

Compare FEP with Any Fund or Stock

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

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Diversifiers

Pair FEP with funds that move differently

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

Explore FEP Diversifiers

First Trust Europe AlphaDEX Fund (FEP) Alternatives