DFE vs. FEP
Compare and contrast key facts about WisdomTree Europe SmallCap Dividend Fund (DFE) and First Trust Europe AlphaDEX Fund (FEP).
DFE and FEP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FEP is a passively managed fund by First Trust that tracks the performance of the Defined Europe Index. It was launched on Apr 26, 2011. Both DFE and FEP 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: DFE or FEP.
Key characteristics
| DFE | FEP | |
|---|---|---|
| YTD Return | -0.77% | 4.34% |
| 1Y Return | 9.06% | 12.37% |
| 3Y Return (Ann) | -4.04% | -2.45% |
| 5Y Return (Ann) | 3.22% | 3.60% |
| 10Y Return (Ann) | 5.07% | 4.84% |
| Sharpe Ratio | 0.85 | 1.03 |
| Sortino Ratio | 1.29 | 1.45 |
| Omega Ratio | 1.15 | 1.18 |
| Calmar Ratio | 0.59 | 0.83 |
| Martin Ratio | 4.21 | 5.34 |
| Ulcer Index | 3.35% | 2.94% |
| Daily Std Dev | 16.59% | 15.24% |
| Max Drawdown | -69.38% | -46.05% |
| Current Drawdown | -15.64% | -8.50% |
Correlation
The correlation between DFE and FEP is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DFE vs. FEP - Performance Comparison
In the year-to-date period, DFE achieves a -0.77% return, which is significantly lower than FEP's 4.34% return. Both investments have delivered pretty close results over the past 10 years, with DFE having a 5.07% annualized return and FEP not far behind at 4.84%. 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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DFE vs. FEP - Expense Ratio Comparison
DFE has a 0.58% expense ratio, which is lower than FEP's 0.80% expense ratio.
Risk-Adjusted Performance
DFE vs. FEP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe SmallCap Dividend Fund (DFE) and First Trust Europe AlphaDEX Fund (FEP). 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
DFE vs. FEP - Dividend Comparison
DFE's dividend yield for the trailing twelve months is around 4.09%, less than FEP's 4.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFE WisdomTree Europe SmallCap Dividend Fund | 4.09% | 4.97% | 5.84% | 2.56% | 2.43% | 3.39% | 4.97% | 2.53% | 4.05% | 2.78% | 2.98% | 2.39% |
FEP First Trust Europe AlphaDEX Fund | 4.67% | 3.27% | 3.00% | 3.49% | 2.32% | 2.63% | 2.62% | 1.65% | 2.14% | 2.20% | 2.47% | 1.55% |
Drawdowns
DFE vs. FEP - Drawdown Comparison
The maximum DFE drawdown since its inception was -69.38%, which is greater than FEP's maximum drawdown of -46.05%. Use the drawdown chart below to compare losses from any high point for DFE and FEP. For additional features, visit the drawdowns tool.
Volatility
DFE vs. FEP - Volatility Comparison
WisdomTree Europe SmallCap Dividend Fund (DFE) and First Trust Europe AlphaDEX Fund (FEP) have volatilities of 4.83% and 4.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.