ALTY vs. FDGFX
Compare and contrast key facts about Global X Alternative Income ETF (ALTY) and Fidelity Dividend Growth Fund (FDGFX).
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. FDGFX is managed by Fidelity. It was launched on Apr 27, 1993.
Performance
ALTY vs. FDGFX - Performance Comparison
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ALTY vs. FDGFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALTY Global X Alternative Income ETF | 2.00% | 11.07% | 10.88% | 10.58% | -11.92% | 23.08% | -12.82% | 21.44% | -6.18% | 10.82% |
FDGFX Fidelity Dividend Growth Fund | -3.17% | 22.48% | 27.58% | 17.86% | -11.61% | 27.96% | 2.20% | 28.75% | -7.23% | 18.05% |
Returns By Period
In the year-to-date period, ALTY achieves a 2.00% return, which is significantly higher than FDGFX's -3.17% return. Over the past 10 years, ALTY has underperformed FDGFX with an annualized return of 6.25%, while FDGFX has yielded a comparatively higher 12.06% annualized return.
ALTY
- 1D
- 0.92%
- 1M
- -3.20%
- YTD
- 2.00%
- 6M
- 5.15%
- 1Y
- 10.74%
- 3Y*
- 10.06%
- 5Y*
- 6.33%
- 10Y*
- 6.25%
FDGFX
- 1D
- -0.63%
- 1M
- -9.11%
- YTD
- -3.17%
- 6M
- 1.77%
- 1Y
- 25.21%
- 3Y*
- 20.48%
- 5Y*
- 13.17%
- 10Y*
- 12.06%
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ALTY vs. FDGFX - Expense Ratio Comparison
ALTY has a 0.50% expense ratio, which is higher than FDGFX's 0.48% expense ratio.
Return for Risk
ALTY vs. FDGFX — Risk / Return Rank
ALTY
FDGFX
ALTY vs. FDGFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Alternative Income ETF (ALTY) and Fidelity Dividend Growth Fund (FDGFX). 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.
| ALTY | FDGFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 1.35 | -0.24 |
Sortino ratioReturn per unit of downside risk | 1.54 | 1.91 | -0.37 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.30 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.88 | -0.61 |
Martin ratioReturn relative to average drawdown | 6.72 | 8.47 | -1.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ALTY | FDGFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 1.35 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.80 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.63 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.50 | -0.18 |
Correlation
The correlation between ALTY and FDGFX is 0.61, 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.
Dividends
ALTY vs. FDGFX - Dividend Comparison
ALTY's dividend yield for the trailing twelve months is around 7.51%, less than FDGFX's 9.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALTY Global X Alternative Income ETF | 7.51% | 7.50% | 7.88% | 7.31% | 7.66% | 6.88% | 9.20% | 8.74% | 8.49% | 7.52% | 8.20% | 4.21% |
FDGFX Fidelity Dividend Growth Fund | 9.66% | 9.35% | 9.81% | 3.48% | 11.46% | 7.81% | 1.89% | 4.84% | 22.93% | 15.35% | 1.58% | 8.44% |
Drawdowns
ALTY vs. FDGFX - Drawdown Comparison
The maximum ALTY drawdown since its inception was -51.47%, smaller than the maximum FDGFX drawdown of -60.77%. Use the drawdown chart below to compare losses from any high point for ALTY and FDGFX.
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Drawdown Indicators
| ALTY | FDGFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.47% | -60.77% | +9.30% |
Max Drawdown (1Y)Largest decline over 1 year | -8.52% | -12.19% | +3.67% |
Max Drawdown (5Y)Largest decline over 5 years | -18.48% | -21.37% | +2.89% |
Max Drawdown (10Y)Largest decline over 10 years | -51.47% | -41.29% | -10.18% |
Current DrawdownCurrent decline from peak | -3.46% | -10.16% | +6.70% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -7.56% | +0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 2.70% | -1.09% |
Volatility
ALTY vs. FDGFX - Volatility Comparison
The current volatility for Global X Alternative Income ETF (ALTY) is 2.90%, while Fidelity Dividend Growth Fund (FDGFX) has a volatility of 5.29%. This indicates that ALTY experiences smaller price fluctuations and is considered to be less risky than FDGFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALTY | FDGFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 5.29% | -2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 4.65% | 10.50% | -5.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.68% | 18.90% | -9.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.77% | 16.50% | -5.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 19.14% | -2.51% |