ADIV vs. FPA
ADIV (SmartETFs Asia Pacific Dividend Builder ETF) and FPA (First Trust Asia Pacific ex-Japan AlphaDEX Fund) are both Asia Pacific Equities funds. ADIV is actively managed, while FPA is passively managed. Over the past 5 years, ADIV returned 7.69%/yr vs 9.35%/yr for FPA. Their 0.61 correlation means they have sometimes moved together and sometimes differently. ADIV charges 0.78%/yr vs 0.80%/yr for FPA.
Performance
ADIV vs. FPA - Performance Comparison
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Returns By Period
In the year-to-date period, ADIV achieves a 9.55% return, which is significantly lower than FPA's 20.38% return.
ADIV
- 1D
- -0.96%
- 1M
- 6.05%
- 6M
- 6.89%
- YTD
- 9.55%
- 1Y
- 14.46%
- 3Y*
- 16.03%
- 5Y*
- 7.69%
- 10Y*
- —
- ALL TIME*
- 6.88%
FPA
- 1D
- -1.70%
- 1M
- -12.59%
- 6M
- 3.07%
- YTD
- 20.38%
- 1Y
- 31.34%
- 3Y*
- 20.19%
- 5Y*
- 9.35%
- 10Y*
- 7.79%
- ALL TIME*
- 5.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $158.48K | $98.50K | $105.95K | |
| $239.16K | $447.30K | $694.81K |
ADIV vs. FPA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ADIV SmartETFs Asia Pacific Dividend Builder ETF | 9.55% | 21.86% | 14.47% | 12.28% | -18.00% | 1.41% |
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund | 20.38% | 43.16% | 3.95% | 9.97% | -14.55% | -4.10% |
Correlation
The correlation between ADIV and FPA is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2021 | 0.61 |
The correlation between ADIV and FPA has been stable across timeframes, ranging from 0.61 to 0.65 - a consistent structural relationship.
ADIV vs. FPA - Sectors Allocation Comparison
Sectors
ADIV
FPA
Financial Services
Technology
Consumer Cyclical
Real Estate
Healthcare
Consumer Defensive
Communication Services
Industrials
Utilities
Basic Materials
-
Energy
-
Financial Services
ADIV
FPA
Technology
ADIV
FPA
Consumer Cyclical
ADIV
FPA
Real Estate
ADIV
FPA
Healthcare
ADIV
FPA
Consumer Defensive
ADIV
FPA
Communication Services
ADIV
FPA
Industrials
ADIV
FPA
Utilities
ADIV
FPA
Basic Materials
ADIV
-
FPA
Energy
ADIV
-
FPA
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Return for Risk
ADIV vs. FPA — Risk / Return Rank
ADIV
FPA
ADIV vs. FPA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SmartETFs Asia Pacific Dividend Builder ETF (ADIV) and First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| ADIV | FPA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.18 | +0.19 |
| Martin ratioReturn relative to average drawdown | 4.24 | 4.12 | +0.12 |
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Drawdowns
ADIV vs. FPA - Drawdown Comparison
The maximum ADIV drawdown since its inception was -31.55%, smaller than the maximum FPA drawdown of -52.91%. Use the drawdown chart below to compare losses from any high point for ADIV and FPA.
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Drawdown Indicators
| ADIV | FPA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.55% | -52.91% | +21.36% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -25.40% | +15.25% |
Max Drawdown (3Y)Largest decline over 3 years | -18.53% | -25.40% | +6.87% |
Max Drawdown (5Y)Largest decline over 5 years | -31.55% | -31.92% | +0.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.91% | — |
Current DrawdownCurrent decline from peak | -0.96% | -23.80% | +22.84% |
Average DrawdownAverage peak-to-trough decline | -8.27% | -13.48% | +5.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 7.28% | -4.01% |
Volatility
ADIV vs. FPA - Volatility Comparison
The current volatility for SmartETFs Asia Pacific Dividend Builder ETF (ADIV) is 3.87%, while First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) has a volatility of 10.93%. This indicates that ADIV experiences smaller price fluctuations and is considered to be less risky than FPA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADIV | FPA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 10.93% | -7.06% |
Volatility (6M)Calculated over the trailing 6-month period | 11.67% | 28.24% | -16.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.23% | 30.44% | -16.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.61% | 25.27% | -8.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.35% | 22.98% | -6.63% |
ADIV vs. FPA - Expense Ratio Comparison
ADIV has a 0.78% expense ratio, which is lower than FPA's 0.80% expense ratio.
Dividends
ADIV vs. FPA - Dividend Comparison
ADIV's dividend yield for the trailing twelve months is around 2.87%, less than FPA's 4.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADIV SmartETFs Asia Pacific Dividend Builder ETF | 2.87% | 2.77% | 4.83% | 4.55% | 2.98% | 13.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund | 4.03% | 4.71% | 3.40% | 3.02% | 4.22% | 5.12% | 1.59% | 3.90% | 2.81% | 3.15% | 2.42% | 1.74% |
Frequently Asked Questions
ADIV and FPA have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPA has higher volatility (10.93%) compared to ADIV (3.87%). In terms of maximum drawdown, ADIV dropped -31.55% vs FPA's -52.91%.
On 5-year performance, FPA leads with 9.35% vs 7.69% for ADIV. On fees, ADIV is cheaper at 0.78% per year. On volatility, ADIV has been the lower-risk option at 3.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FPA has performed better with a 9.35% return vs 7.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ADIV is cheaper with a 0.78% expense ratio, compared with 0.80% for FPA.
FPA has the higher dividend yield at 4.03%, compared with 2.87% for ADIV.
They also come from different issuers: Guinness Atkinson and First Trust. Their fees differ too: 0.78% for ADIV and 0.80% for FPA.
FPA currently has the higher Sharpe Ratio (0.99 vs 0.98), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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