CAPS.L vs. FEXU.L
CAPS.L (First Trust Capital Strength UCITS ETF Acc) and FEXU.L (First Trust US Large Cap Core AlphaDEX UCITS ETF) are both Large Cap Blend Equities funds from First Trust tracking the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, CAPS.L returned 6.26%/yr vs 12.03%/yr for FEXU.L. A 0.67 correlation means they provide meaningful diversification when combined. CAPS.L charges 0.60%/yr vs 0.75%/yr for FEXU.L.
Performance
CAPS.L vs. FEXU.L - Performance Comparison
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Different Trading Currencies
CAPS.L is traded in GBp, while FEXU.L is traded in USD. To make them comparable, the FEXU.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CAPS.L achieves a -0.55% return, which is significantly lower than FEXU.L's 14.79% return.
CAPS.L
- 1D
- 0.73%
- 1M
- -0.30%
- YTD
- -0.55%
- 6M
- -0.38%
- 1Y
- 3.20%
- 3Y*
- 6.55%
- 5Y*
- 6.26%
- 10Y*
- —
FEXU.L
- 1D
- 0.44%
- 1M
- 5.65%
- YTD
- 14.79%
- 6M
- 15.34%
- 1Y
- 30.72%
- 3Y*
- 17.59%
- 5Y*
- 12.03%
- 10Y*
- 13.68%
CAPS.L vs. FEXU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CAPS.L First Trust Capital Strength UCITS ETF Acc | -0.55% | -0.65% | 12.99% | 2.23% | 0.10% | 19.38% |
FEXU.L First Trust US Large Cap Core AlphaDEX UCITS ETF | 14.79% | 7.02% | 18.72% | 8.91% | -1.84% | 13.48% |
Correlation
The correlation between CAPS.L and FEXU.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2021 | 0.67 |
Over the past year, the correlation between CAPS.L and FEXU.L has dropped to 0.45 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
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Return for Risk
CAPS.L vs. FEXU.L — Risk / Return Rank
CAPS.L
FEXU.L
CAPS.L vs. FEXU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Capital Strength UCITS ETF Acc (CAPS.L) and First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.L). 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.
| CAPS.L | FEXU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.43 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 6.85 | -6.49 |
| Martin ratioReturn relative to average drawdown | 1.02 | 20.78 | -19.77 |
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
| CAPS.L | FEXU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 2.53 | -2.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.77 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.78 | -0.45 |
Drawdowns
CAPS.L vs. FEXU.L - Drawdown Comparison
The maximum CAPS.L drawdown since its inception was -22.86%, smaller than the maximum FEXU.L drawdown of -32.12%. Use the drawdown chart below to compare losses from any high point for CAPS.L and FEXU.L.
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Drawdown Indicators
| CAPS.L | FEXU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.86% | -32.12% | +9.26% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -4.47% | -4.48% |
Max Drawdown (3Y)Largest decline over 3 years | -22.86% | -21.55% | -1.31% |
Max Drawdown (5Y)Largest decline over 5 years | -22.86% | -21.55% | -1.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.12% | — |
Current DrawdownCurrent decline from peak | -16.47% | 0.00% | -16.47% |
Average DrawdownAverage peak-to-trough decline | -10.21% | -4.24% | -5.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 1.47% | +1.67% |
Volatility
CAPS.L vs. FEXU.L - Volatility Comparison
The current volatility for First Trust Capital Strength UCITS ETF Acc (CAPS.L) is 3.70%, while First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.L) has a volatility of 4.32%. This indicates that CAPS.L experiences smaller price fluctuations and is considered to be less risky than FEXU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAPS.L | FEXU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 4.32% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 7.09% | 8.60% | -1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.78% | 12.14% | -2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.27% | 15.66% | +3.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.27% | 17.33% | +1.94% |
CAPS.L vs. FEXU.L - Expense Ratio Comparison
CAPS.L has a 0.60% expense ratio, which is lower than FEXU.L's 0.75% expense ratio.
Dividends
CAPS.L vs. FEXU.L - Dividend Comparison
Neither CAPS.L nor FEXU.L has paid dividends to shareholders.
Frequently Asked Questions
CAPS.L and FEXU.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CAPS.L is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CAPS.L is cheaper with a 0.60% expense ratio, compared with 0.75% for FEXU.L.
Both ETFs track Russell 1000 TR USD. Their fees differ too: 0.60% for CAPS.L and 0.75% for FEXU.L.
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