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 | |
|---|---|---|---|---|---|
| Vanguard FTSE Europe ETF | 0.06% | 37.90B | Mar 2005 | FEP vs VGK | |
| SPDR Portfolio Europe ETF | 0.07% | 728.27M | Oct 2002 | FEP vs SPEU | |
| Franklin FTSE United Kingdom ETF | 0.09% | 895.04M | Nov 2017 | FEP vs FLGB | |
| Franklin FTSE Europe ETF | 0.09% | 118.21M | Nov 2017 | FEP vs FLEE | |
| JPMorgan BetaBuilders Europe ETF | 0.09% | 9.36B | Jun 2018 | FEP vs BBEU |
Best Risk-Adjusted Alternatives to FEP
FEP has a PortfoliosLab risk / return rank of 70. There are 13 ETFs in the Europe Equities category with higher risk-adjusted ranks, going as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust RiverFront Dynamic Europe ETF | 92 | 100.00K | Apr 2016 | FEP vs RFEU | |
| First Trust STOXX European Select Dividend Index F... | 91 | 887.35M | Aug 2007 | FEP vs FDD | |
| iShares MSCI Austria ETF | 89 | 178.07M | Mar 1996 | FEP vs EWO | |
| iShares MSCI Spain ETF | 88 | 2.12B | Mar 1996 | FEP vs EWP | |
| WisdomTree European Opportunities Fund | 87 | 282.42M | Mar 2015 | FEP vs OPPE |
Top Performing FEP Alternatives (YTD)
FEP is at 11.59% YTD. There are 17 ETFs in the Europe Equities category with higher YTD returns, going as high as 26.80%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| iShares MSCI Norway ETF | 26.80% | 95.75M | Jan 2012 | FEP vs ENOR | |
| Global X MSCI Norway ETF | 25.23% | 87.72M | Nov 2010 | FEP vs NORW | |
| iShares MSCI Poland ETF | 22.62% | 730.89M | May 2010 | FEP vs EPOL | |
| iShares MSCI Austria ETF | 22.21% | 178.07M | Mar 1996 | FEP vs EWO | |
| Portfolio Building Block European Banks Index ETF | 21.81% | 438.81M | Nov 2025 | FEP vs PBEU |
Lowest Volatility Alternatives to FEP
FEP has 16.97% 1-year volatility. There are 25 ETFs in the Europe Equities category with lower 1-year volatility, going as low as 7.08%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust RiverFront Dynamic Europe ETF | 7.08% | 100.00K | Apr 2016 | FEP vs RFEU | |
| Xtrackers MSCI Europe Hedged Equity Fund | 13.24% | 772.43M | Oct 2013 | FEP vs DBEU | |
| ProShares MSCI Europe Dividend Growers ETF | 14.08% | 8.35M | Sep 2015 | FEP vs EUDV | |
| WisdomTree European Opportunities Fund | 14.34% | 282.42M | Mar 2015 | FEP vs OPPE | |
| First Trust Switzerland AlphaDEX Fund | 14.58% | 36.64M | Feb 2012 | FEP vs FSZ |
Lowest Drawdown Alternatives to FEP
FEP has a 1-year max drawdown of -12.13%. There are 19 ETFs in the Europe Equities category with shallower 1-year drawdowns, going as shallow as -4.83%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust RiverFront Dynamic Europe ETF | -4.83% | 100.00K | Apr 2016 | FEP vs RFEU | |
| WisdomTree European Opportunities Fund | -8.83% | 282.42M | Mar 2015 | FEP vs OPPE | |
| First Trust STOXX European Select Dividend Index F... | -9.39% | 887.35M | Aug 2007 | FEP vs FDD | |
| Xtrackers MSCI Europe Hedged Equity Fund | -9.81% | 772.43M | Oct 2013 | FEP vs DBEU | |
| iShares MSCI United Kingdom ETF | -9.92% | 4.14B | Mar 1996 | FEP vs EWU |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, AIRR and span 16 categories. AUM among these funds goes as high as $25B.
Often Compared With FEP
Investors most often compare FEP with DFE, FEUZ, HEDJ. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare FEP with Any Fund or Stock
Compare FEP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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