- ISIN
- US33737J1097
- CUSIP
- 33737J109
- Issuer
- First Trust
- Inception Date
- Apr 18, 2011
- Region
- Broad Asia (Pacific ex-Japan)
- Category
- Asia Pacific Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- NASDAQ AlphaDEX Asia Pacific Ex-Japan Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $145M
Share Price Chart
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Performance
FPA Performance Chart
First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) is up 52.7% since the beginning of the year. FPA is currently trading at $57 per share. Investors who bought $1,000 worth of FPA shares 5 years ago would now be looking at an investment worth $1,909.
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Returns By Period
First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) has returned 52.71% so far this year and 72.66% over the past 12 months. Over the last ten years, FPA has returned 11.58% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
First Trust Asia Pacific ex-Japan AlphaDEX Fund
- 1D
- -1.89%
- 1M
- 6.12%
- YTD
- 52.71%
- 6M
- 53.85%
- 1Y
- 72.66%
- 3Y*
- 33.38%
- 5Y*
- 13.80%
- 10Y*
- 11.58%
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%
FPA Monthly Returns History
Based on dividend-adjusted daily data since Apr 20, 2011, FPA's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, an investment would double in approximately 7.4 years.
Historically, 56% of months were positive and 44% were negative. The best month was Oct 2011 with a return of +21.4%, while the worst month was Sep 2011 at -19.5%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 9 months.
On a daily basis, FPA closed higher 48% of trading days. The best single day was Apr 9, 2025 with a return of +10.7%, while the worst single day was Aug 8, 2011 at -13.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 16.79% | 14.51% | -12.20% | 17.50% | 11.39% | -0.63% | 52.71% | ||||||
| 2025 | 4.73% | -0.80% | 0.43% | 5.93% | 5.95% | 13.17% | 0.08% | 1.71% | 3.36% | 5.70% | -3.57% | 0.74% | 43.16% |
| 2024 | -5.25% | 5.54% | 1.75% | -2.88% | 2.11% | 3.50% | 2.86% | 1.68% | 5.10% | -4.97% | 2.51% | -7.04% | 3.95% |
| 2023 | 8.29% | -6.36% | 4.39% | -1.57% | -3.03% | 4.19% | 9.99% | -7.75% | -4.50% | -8.11% | 8.40% | 8.20% | 9.97% |
| 2022 | -6.16% | 1.96% | 3.95% | -5.23% | 1.35% | -10.96% | 3.11% | -2.94% | -12.57% | 3.12% | 14.96% | -3.17% | -14.55% |
| 2021 | 2.24% | 7.36% | -2.83% | 6.20% | 3.58% | -1.36% | -4.17% | 1.21% | -7.51% | 0.47% | -4.88% | 3.81% | 2.98% |
Benchmark Metrics
First Trust Asia Pacific ex-Japan AlphaDEX Fund has an annualized alpha of -0.75%, beta of 0.80, and R2 of 0.38 versus S&P 500 Index. Calculated based on daily prices since April 20, 2011.
- This ETF participated in 111.59% of S&P 500 Index downside but only 89.64% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.38 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
- -0.75%
- Beta
- 0.80
- R²
- 0.38
- Upside Capture
- 89.64%
- Downside Capture
- 111.59%
Expense Ratio
FPA has an expense ratio of 0.80%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FPA ranks 82 for risk / return — in the top 82% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) 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.
| FPA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.37 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.75 | 2.78 | +1.97 |
| Martin ratioReturn relative to average drawdown | 16.32 | 12.44 | +3.88 |
Dividends
Dividend History
First Trust Asia Pacific ex-Japan AlphaDEX Fund provided a 3.49% dividend yield over the last twelve months, with an annual payout of $1.98 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.98 | $1.76 | $0.93 | $0.82 | $1.08 | $1.59 | $0.51 | $1.11 | $0.76 | $1.12 | $0.66 | $0.48 |
Dividend yield | 3.49% | 4.71% | 3.40% | 3.02% | 4.22% | 5.12% | 1.59% | 3.90% | 2.81% | 3.15% | 2.42% | 1.74% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Asia Pacific ex-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 | $0.42 | $0.00 | $0.00 | $0.00 | $0.42 | ||||||
| 2025 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $1.00 | $1.76 |
| 2024 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.29 | $0.93 |
| 2023 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.27 | $0.82 |
| 2022 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.33 | $1.08 |
| 2021 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.95 | $1.59 |
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 Asia Pacific ex-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 Asia Pacific ex-Japan AlphaDEX Fund was 52.91%, occurring on Mar 23, 2020. Recovery took 267 trading sessions.
The current First Trust Asia Pacific ex-Japan AlphaDEX Fund drawdown is 3.33%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -52.91%Mar 2020 | 2y 1mo | 1y 22d | 3y 2moJan 2018 - Apr 2021 |
2011 bear market2011 | -37.78%Oct 2011 | 2mo 8d | 2y 7mo | 2y 9moJul 2011 - May 2014 |
Bear market2022 | -35.36%Oct 2022 | 1y 4mo | 2y 7mo | 3y 11moJun 2021 - May 2025 |
2016 bear market2016 | -24.59%Jan 2016 | 8mo 26d | 1y 4mo | 2y 24dApr 2015 - May 2017 |
2026 correction2026 | -15.37%Mar 2026 | 1mo 1d | 1mo 1d | 2mo 2dFeb 2026 - Apr 2026 |
Drawdown Indicators
| FPA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.91% | -56.78% | +3.87% |
Max Drawdown (1Y)Largest decline over 1 year | -15.37% | -9.10% | -6.27% |
Max Drawdown (3Y)Largest decline over 3 years | -20.66% | -18.90% | -1.76% |
Max Drawdown (5Y)Largest decline over 5 years | -34.38% | -25.43% | -8.95% |
Max Drawdown (10Y)Largest decline over 10 years | -52.91% | -33.92% | -18.99% |
Current DrawdownCurrent decline from peak | -3.33% | -1.80% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -13.46% | -10.71% | -2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 2.03% | +2.44% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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