ALTY vs. DFE
Compare and contrast key facts about Global X Alternative Income ETF (ALTY) and WisdomTree Europe SmallCap Dividend Fund (DFE).
ALTY and DFE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ALTY is a passively managed fund by Global X that tracks the performance of the Indxx SuperDividend Alternatives Index. It was launched on Jul 14, 2015. DFE is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Europe SmallCap Dividend Index. It was launched on Jun 16, 2006. Both ALTY and DFE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALTY or DFE.
Key characteristics
| ALTY | DFE | |
|---|---|---|
| YTD Return | 12.97% | 2.06% |
| 1Y Return | 21.50% | 17.46% |
| 3Y Return (Ann) | 3.52% | -3.14% |
| 5Y Return (Ann) | 4.00% | 3.96% |
| Sharpe Ratio | 2.69 | 1.08 |
| Sortino Ratio | 3.78 | 1.60 |
| Omega Ratio | 1.52 | 1.19 |
| Calmar Ratio | 2.21 | 0.68 |
| Martin Ratio | 19.40 | 5.50 |
| Ulcer Index | 1.14% | 3.23% |
| Daily Std Dev | 8.22% | 16.46% |
| Max Drawdown | -51.47% | -69.38% |
| Current Drawdown | 0.00% | -13.23% |
Correlation
The correlation between ALTY and DFE is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ALTY vs. DFE - Performance Comparison
In the year-to-date period, ALTY achieves a 12.97% return, which is significantly higher than DFE's 2.06% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ALTY vs. DFE - Expense Ratio Comparison
ALTY has a 0.50% expense ratio, which is lower than DFE's 0.58% expense ratio.
Risk-Adjusted Performance
ALTY vs. DFE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Alternative Income ETF (ALTY) and WisdomTree Europe SmallCap Dividend Fund (DFE). 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.
Dividends
ALTY vs. DFE - Dividend Comparison
ALTY's dividend yield for the trailing twelve months is around 7.01%, more than DFE's 3.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALTY Global X Alternative Income ETF | 7.01% | 7.29% | 7.66% | 6.90% | 9.21% | 8.75% | 8.48% | 7.54% | 8.22% | 4.22% | 0.00% | 0.00% |
DFE WisdomTree Europe SmallCap Dividend Fund | 3.98% | 4.97% | 5.84% | 2.56% | 2.43% | 3.39% | 4.97% | 2.53% | 4.05% | 2.78% | 2.98% | 2.39% |
Drawdowns
ALTY vs. DFE - Drawdown Comparison
The maximum ALTY drawdown since its inception was -51.47%, smaller than the maximum DFE drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for ALTY and DFE. For additional features, visit the drawdowns tool.
Volatility
ALTY vs. DFE - Volatility Comparison
The current volatility for Global X Alternative Income ETF (ALTY) is 2.04%, while WisdomTree Europe SmallCap Dividend Fund (DFE) has a volatility of 4.39%. This indicates that ALTY experiences smaller price fluctuations and is considered to be less risky than DFE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.