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%	38.10B	Mar 2005	FEP vs VGK
SPEU	SPDR Portfolio Europe ETF	0.07%	732.38M	Oct 2002	FEP vs SPEU
FLEU	Franklin FTSE Eurozone ETF	0.09%	72.92M	Nov 2017	FEP vs FLEU
IEUR	iShares Core MSCI Europe ETF	0.09%	8.67B	Jun 2014	FEP vs IEUR
FLSW	Franklin FTSE Switzerland ETF	0.09%	82.43M	Feb 2018	FEP vs FLSW

Best Risk-Adjusted Alternatives to FEP

FEP has a PortfoliosLab risk / return rank of 49. There are 13 ETFs in the Europe Equities category with higher risk-adjusted ranks, going as high as 83.

Symbol	Name	Risk / Return Rank	AUM	Inception
EWO	iShares MSCI Austria ETF	83	143.84M	Mar 1996	FEP vs EWO
EWP	iShares MSCI Spain ETF	71	1.87B	Mar 1996	FEP vs EWP
RFEU	First Trust RiverFront Dynamic Europe ETF	67	100.00K	Apr 2016	FEP vs RFEU
EFNL	iShares MSCI Finland ETF	66	200.61M	Jan 2012	FEP vs EFNL
OPPE	WisdomTree European Opportunities Fund	62	274.78M	Mar 2015	FEP vs OPPE

Top Performing FEP Alternatives (YTD)

FEP is at 7.28% YTD. There are 21 ETFs in the Europe Equities category with higher YTD returns, going as high as 22.29%.

Symbol	Name	YTD Return	AUM	Inception
EWO	iShares MSCI Austria ETF	22.29%	143.84M	Mar 1996	FEP vs EWO
EWN	iShares MSCI Netherlands ETF	20.24%	561.62M	Mar 1996	FEP vs EWN
ENOR	iShares MSCI Norway ETF	17.50%	86.29M	Jan 2012	FEP vs ENOR
NORW	Global X MSCI Norway ETF	16.50%	104.93M	Nov 2010	FEP vs NORW
PBEU	Portfolio Building Block European Banks Index ETF	13.63%	22.30M	Nov 2025	FEP vs PBEU

Lowest Volatility Alternatives to FEP

FEP has 17.18% 1-year volatility. There are 26 ETFs in the Europe Equities category with lower 1-year volatility, going as low as 8.39%.

Symbol	Name	Volatility 1Y	AUM	Inception
RFEU	First Trust RiverFront Dynamic Europe ETF	8.39%	100.00K	Apr 2016	FEP vs RFEU
DBEU	Xtrackers MSCI Europe Hedged Equity Fund	13.02%	751.72M	Oct 2013	FEP vs DBEU
EUDV	ProShares MSCI Europe Dividend Growers ETF	14.19%	8.19M	Sep 2015	FEP vs EUDV
FSZ	First Trust Switzerland AlphaDEX Fund	14.34%	40.95M	Feb 2012	FEP vs FSZ
OPPE	WisdomTree European Opportunities Fund	14.41%	274.78M	Mar 2015	FEP vs OPPE

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	-8.38%	200.61M	Jan 2012	FEP vs EFNL
OPPE	WisdomTree European Opportunities Fund	-8.83%	274.78M	Mar 2015	FEP vs OPPE
FDD	First Trust STOXX European Select Dividend Index F...	-9.39%	865.10M	Aug 2007	FEP vs FDD
DBEU	Xtrackers MSCI Europe Hedged Equity Fund	-9.81%	751.72M	Oct 2013	FEP vs DBEU

Other ETFs from First Trust

The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 13 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	18	18.06%	13.59B	Jul 2015	FEP vs CIBR
GRID	First Trust NASDAQ Clean Edge Smart Grid Infrastru...	Alternative Energy Equities	65	23.40%	11.60B	Nov 2009	FEP vs GRID
NFTY	First Trust India NIFTY 50 Equal Weight ETF	Asia Pacific Equities, Equal Weight	5	-7.30%	136.58M	Feb 2012	FEP vs NFTY
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	79	31.81%	11.14B	Mar 2014	FEP vs AIRR
FDL	First Trust Morningstar Dividend Leaders Index Fun...	Large Cap Value Equities, Dividend	69	12.67%	9.22B	Mar 2006	FEP vs FDL
IGLD	FT Vest Gold Strategy Target Income ETF	Gold, Derivative Income, Precious Metals	18	-5.55%	543.16M	Mar 2021	FEP vs IGLD
FTXL	First Trust Nasdaq Semiconductor ETF	Semiconductors, Technology Equities	96	111.02%	2.89B	Sep 2016	FEP vs FTXL
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	53	19.03%	4.90B	Aug 2012	FEP vs TDIV
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities	78	37.20%	880.41M	Feb 2007	FEP vs QCLN
KNG	FT Vest S&P 500 Dividend Aristocrats Target Income...	Dividend, S&P 500	27	4.84%	3.32B	Mar 2018	FEP vs KNG

Often Compared With FEP

Investors most often compare FEP with DFE, FEUZ, HEDJ. These 20 comparison targets span 10 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	22	2.33%	164.44M	Jun 2006	FEP vs DFE
FEUZ	First Trust Eurozone AlphaDEX ETF	Europe Equities	53	9.90%	139.65M	Oct 2014	FEP vs FEUZ
HEDJ	WisdomTree Europe Hedged Equity Fund	Europe Equities	40	8.05%	1.88B	Dec 2009	FEP vs HEDJ
DWMF	WisdomTree International Multifactor Fund	Foreign Large Cap Equities	29	5.12%	35.06M	Aug 2018	FEP vs DWMF
QYLD	Global X NASDAQ 100 Covered Call ETF	Nasdaq-100, Derivative Income	84	7.89%	8.44B	Dec 2013	FEP vs QYLD
LVHI	Franklin International Low Volatility High Dividen...	Volatility Hedged Equity, Dividend	93	12.42%	4.99B	Jul 2016	FEP vs LVHI
^GSPC	S&P 500 Index		61	7.60%	—	—	FEP vs ^GSPC
FPXE	First Trust IPOX Europe Equity Opportunities ETF	Europe Equities	30	12.36%	5.44M	Oct 2018	FEP vs FPXE
IEUS	iShares MSCI Europe Small-Cap ETF	Europe Equities	20	2.96%	175.73M	Nov 2007	FEP vs IEUS
EZU	iShares MSCI Eurozone ETF	Europe Equities	36	7.97%	9.61B	Jul 2000	FEP vs EZU
FEZ	State Street SPDR EURO STOXX 50 ETF	Europe Equities	30	6.43%	4.66B	Oct 2002	FEP vs FEZ
HEZU	iShares Currency Hedged MSCI Eurozone ETF	Europe Equities	52	12.57%	579.09M	Jul 2014	FEP vs HEZU
VEA	Vanguard FTSE Developed Markets ETF	Foreign Large Cap Equities	55	13.11%	317.30B	Jul 2007	FEP vs VEA
EUSC	WisdomTree Europe Hedged SmallCap Equity Fund	Europe Equities	—	—	128.99M	Mar 2015	FEP vs EUSC
IDV	iShares International Select Dividend ETF	Global Equities, Dividend	73	9.00%	8.22B	Jun 2007	FEP vs IDV
CNXT	VanEck Vectors ChinaAMC SME-ChiNext ETF	China Equities	94	36.42%	137.13M	Jul 2014	FEP vs CNXT
FKU	First Trust United Kingdom AlphaDEX Fund	Europe Equities	32	4.87%	37.49M	Feb 2012	FEP vs FKU
GLD	SPDR Gold Shares	Gold, Precious Metals	22	-4.79%	138.96B	Nov 2004	FEP vs GLD
PTEU	Pacer Trendpilot European Index ETF	Europe Equities	34	6.67%	35.79M	Dec 2015	FEP vs PTEU
FLGB	Franklin FTSE United Kingdom ETF	Europe Equities	39	4.59%	859.75M	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