- ISIN
- US33737J1584
- CUSIP
- 33737J158
- Issuer
- First Trust
- Inception Date
- Apr 18, 2011
- Region
- Developed Asia Pacific (Japan)
- Category
- Japan Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- NASDAQ AlphaDEX Japan Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $257M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
FJP Performance Chart
First Trust Japan AlphaDEX Fund (FJP) is up 18.7% since the beginning of the year. FJP is currently trading at $80 per share. Investors who bought $1,000 worth of FJP shares 5 years ago would now be looking at an investment worth $1,775.
Loading charts...
Returns By Period
First Trust Japan AlphaDEX Fund (FJP) has returned 18.70% so far this year and 41.47% over the past 12 months. Over the last ten years, FJP has returned 8.26% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
First Trust Japan AlphaDEX Fund
- 1D
- 1.09%
- 1M
- 4.57%
- YTD
- 18.70%
- 6M
- 18.90%
- 1Y
- 41.47%
- 3Y*
- 22.61%
- 5Y*
- 12.16%
- 10Y*
- 8.26%
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%
FJP Monthly Returns History
Based on dividend-adjusted daily data since Apr 26, 2011, FJP's average daily return is +0.03%, while the average monthly return is +0.60%. At this rate, an investment would double in approximately 9.7 years.
Historically, 61% of months were positive and 39% were negative. The best month was Feb 2026 with a return of +13.9%, while the worst month was Aug 2011 at -12.9%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FJP closed higher 50% of trading days. The best single day was Mar 24, 2020 with a return of +6.7%, while the worst single day was Mar 12, 2020 at -10.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.12% | 13.87% | -11.26% | 4.44% | 2.86% | 2.09% | 18.70% | ||||||
| 2025 | 1.26% | 2.92% | 1.78% | 1.37% | 5.78% | 2.41% | -0.61% | 8.68% | 1.02% | 1.86% | 2.82% | 0.36% | 33.60% |
| 2024 | 3.21% | 2.06% | 4.43% | -4.60% | 1.83% | -3.11% | 3.78% | 0.46% | 0.99% | -4.67% | 2.82% | -1.00% | 5.80% |
| 2023 | 5.70% | -2.08% | 3.34% | 0.58% | -1.58% | 8.19% | 5.65% | -1.48% | -0.40% | -3.30% | 4.57% | 2.41% | 23.00% |
| 2022 | -2.11% | 0.09% | 1.18% | -9.59% | 2.66% | -8.25% | 2.57% | -1.35% | -9.62% | -0.09% | 13.76% | -0.66% | -12.83% |
| 2021 | -1.29% | 1.15% | 3.70% | -2.27% | 0.43% | -1.44% | -0.82% | 1.80% | 2.60% | -3.16% | -4.42% | 2.92% | -1.13% |
Benchmark Metrics
First Trust Japan AlphaDEX Fund has an annualized alpha of -0.21%, beta of 0.63, and R2 of 0.33 versus S&P 500 Index. Calculated based on daily prices since April 26, 2011.
- This ETF participated in 72.69% of S&P 500 Index downside but only 57.19% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.63 may look defensive, but with R2 of 0.33 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.33 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
- -0.21%
- Beta
- 0.63
- R²
- 0.33
- Upside Capture
- 57.19%
- Downside Capture
- 72.69%
Expense Ratio
FJP has an expense ratio of 0.80%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FJP ranks 58 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 Japan AlphaDEX Fund (FJP) 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.
| FJP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 2.78 | +0.10 |
| Martin ratioReturn relative to average drawdown | 8.46 | 12.44 | -3.98 |
Dividends
Dividend History
First Trust Japan AlphaDEX Fund provided a 2.40% dividend yield over the last twelve months, with an annual payout of $1.91 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.91 | $1.80 | $1.64 | $1.76 | $0.94 | $1.21 | $0.51 | $1.41 | $0.74 | $0.77 | $0.69 | $0.40 |
Dividend yield | 2.40% | 2.68% | 3.18% | 3.49% | 2.21% | 2.43% | 0.99% | 2.80% | 1.54% | 1.29% | 1.46% | 0.85% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Japan 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 | $0.11 | $0.00 | $0.00 | $0.00 | $0.11 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.34 | $1.80 |
| 2024 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.97 | $1.64 |
| 2023 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.12 | $1.76 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.94 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $1.21 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Japan 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 Japan AlphaDEX Fund was 41.51%, occurring on Mar 16, 2020. Recovery took 1010 trading sessions.
The current First Trust Japan AlphaDEX Fund drawdown is 2.72%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -41.51%Mar 2020 | 2y 1mo | 4y 5d | 6y 1moJan 2018 - Mar 2024 |
2012 bear market2012 | -25.37%Jun 2012 | 10mo 7d | 11mo 13d | 1y 9moAug 2011 - May 2013 |
2016 bear market2016 | -22.46%Feb 2016 | 8mo 21d | 1y 1mo | 1y 9moMay 2015 - Mar 2017 |
2025 selloff2025 | -17.02%Apr 2025 | 12d | 1mo 14d | 1mo 26dMar 2025 - May 2025 |
2013 correction2013 | -16.43%Jun 2013 | 15d | 7mo 15d | 8moMay 2013 - Jan 2014 |
Drawdown Indicators
| FJP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.51% | -56.78% | +15.27% |
Max Drawdown (1Y)Largest decline over 1 year | -14.43% | -9.10% | -5.33% |
Max Drawdown (3Y)Largest decline over 3 years | -17.02% | -18.90% | +1.88% |
Max Drawdown (5Y)Largest decline over 5 years | -31.88% | -25.43% | -6.45% |
Max Drawdown (10Y)Largest decline over 10 years | -41.51% | -33.92% | -7.59% |
Current DrawdownCurrent decline from peak | -2.72% | -1.80% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -11.44% | -10.71% | -0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.92% | 2.03% | +2.89% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with FJP
Add First Trust Japan AlphaDEX Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with FJP