- ISIN
- US33737J1907
- CUSIP
- 33737J190
- Issuer
- First Trust
- Inception Date
- Feb 14, 2012
- Region
- North America (U.S.)
- Category
- Europe Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- NASDAQ AlphaDEX Germany Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $100M
Share Price Chart
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Performance
FGM Performance Chart
First Trust Germany AlphaDEX Fund (FGM) is up 4.3% since the beginning of the year. FGM is currently trading at $65 per share. Investors who bought $1,000 worth of FGM shares 5 years ago would now be looking at an investment worth $1,281.
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Returns By Period
First Trust Germany AlphaDEX Fund (FGM) has returned 4.31% so far this year and 22.07% over the past 12 months. Over the last ten years, FGM has returned 8.91% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
First Trust Germany AlphaDEX Fund
- 1D
- 0.62%
- 1M
- 0.45%
- YTD
- 4.31%
- 6M
- 5.32%
- 1Y
- 22.07%
- 3Y*
- 21.48%
- 5Y*
- 5.08%
- 10Y*
- 8.91%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FGM Monthly Returns History
Based on dividend-adjusted daily data since Feb 17, 2012, FGM's average daily return is +0.04%, while the average monthly return is +0.76%. At this rate, an investment would double in approximately 7.6 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2020 with a return of +16.7%, while the worst month was Mar 2020 at -19.6%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FGM closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +10.2%, while the worst single day was Mar 12, 2020 at -12.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.25% | 3.90% | -13.63% | 7.65% | 3.07% | -2.31% | 4.31% | ||||||
| 2025 | 8.92% | 5.12% | 4.40% | 9.28% | 9.17% | 3.61% | -1.55% | 3.28% | 2.63% | -1.07% | 1.02% | 6.18% | 63.60% |
| 2024 | -2.88% | 2.62% | 3.85% | -4.11% | 4.92% | -6.57% | 1.54% | 3.02% | 3.47% | -3.71% | 0.44% | -0.47% | 1.36% |
| 2023 | 13.22% | -1.90% | -2.47% | 3.97% | -7.54% | 7.54% | 3.28% | -4.00% | -6.00% | -7.29% | 12.12% | 4.42% | 13.28% |
| 2022 | -4.83% | -8.45% | -5.82% | -6.45% | 1.70% | -16.56% | 2.31% | -5.13% | -12.34% | 10.72% | 11.94% | 1.21% | -30.46% |
| 2021 | -0.24% | -0.21% | 5.43% | 3.76% | 5.32% | -2.11% | 0.21% | 2.51% | -6.19% | 1.39% | -4.96% | 1.77% | 6.10% |
Benchmark Metrics
First Trust Germany AlphaDEX Fund has an annualized alpha of -1.78%, beta of 0.86, and R2 of 0.43 versus S&P 500 Index. Calculated based on daily prices since February 17, 2012.
- This ETF participated in 112.48% of S&P 500 Index downside but only 88.63% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.43 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
- -1.78%
- Beta
- 0.86
- R²
- 0.43
- Upside Capture
- 88.63%
- Downside Capture
- 112.48%
Expense Ratio
FGM has an expense ratio of 0.80%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FGM ranks 29 for risk / return — below 29% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Trust Germany AlphaDEX Fund (FGM) 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.
| FGM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 2.78 | -1.54 |
| Martin ratioReturn relative to average drawdown | 3.75 | 12.44 | -8.68 |
Dividends
Dividend History
First Trust Germany AlphaDEX Fund provided a 0.64% dividend yield over the last twelve months, with an annual payout of $0.41 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.41 | $0.98 | $1.10 | $1.92 | $0.77 | $0.68 | $1.02 | $0.82 | $1.08 | $0.48 | $0.41 |
Dividend yield | 0.64% | 0.66% | 2.56% | 2.82% | 5.44% | 1.43% | 1.33% | 2.30% | 2.18% | 2.11% | 1.33% | 1.13% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Germany 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.41 |
| 2024 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.80 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.98 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.70 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $1.10 |
| 2022 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $1.15 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.20 | $1.92 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.17 | $0.77 |
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 Germany 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 Germany AlphaDEX Fund was 51.58%, occurring on Mar 18, 2020. Recovery took 202 trading sessions.
The current First Trust Germany AlphaDEX Fund drawdown is 7.27%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -51.58%Mar 2020 | 2y 1mo | 9mo 23d | 2y 11moJan 2018 - Jan 2021 |
Bear market2022 | -51.07%Oct 2022 | 1y 4mo | 2y 7mo | 3y 11moJun 2021 - May 2025 |
2016 bear market2016 | -25.84%Feb 2016 | 1y 8mo | 1y 2mo | 2y 11moJun 2014 - May 2017 |
2012 correction2012 | -18.47%Jun 2012 | 1mo 27d | 3mo 11d | 5mo 8dApr 2012 - Sep 2012 |
2026 correction2026 | -17.76%Mar 2026 | 1mo 8d | — | 4mo 13dFeb 2026 - now |
Drawdown Indicators
| FGM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.58% | -56.78% | +5.20% |
Max Drawdown (1Y)Largest decline over 1 year | -17.76% | -9.10% | -8.66% |
Max Drawdown (3Y)Largest decline over 3 years | -17.93% | -18.90% | +0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -50.18% | -25.43% | -24.75% |
Max Drawdown (10Y)Largest decline over 10 years | -51.58% | -33.92% | -17.66% |
Current DrawdownCurrent decline from peak | -7.27% | -1.80% | -5.47% |
Average DrawdownAverage peak-to-trough decline | -14.71% | -10.71% | -4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.89% | 2.03% | +3.86% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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