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DVYA vs. FPA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DVYA vs. FPA

Last updated Jun 24, 2026

DVYA (iShares Asia/Pacific Dividend ETF) and FPA (First Trust Asia Pacific ex-Japan AlphaDEX Fund) are both Asia Pacific Equities funds - DVYA tracks the Dow Jones Asia/Pacific Select Dividend 30 Index while FPA tracks the NASDAQ AlphaDEX Asia Pacific Ex-Japan Index. Both are passively managed. Over the past 10 years, DVYA returned 7.13%/yr vs 10.87%/yr for FPA. A 0.62 correlation means they provide meaningful diversification when combined. DVYA charges 0.49%/yr vs 0.80%/yr for FPA.

Performance

DVYA vs. FPA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Asia/Pacific Dividend ETF (DVYA) and First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DVYA achieves a 9.67% return, which is significantly lower than FPA's 43.37% return. Over the past 10 years, DVYA has underperformed FPA with an annualized return of 7.13%, while FPA has yielded a comparatively higher 10.87% annualized return.

DVYA

1D
-1.07%
1M
-4.07%
YTD
9.67%
6M
8.25%
1Y
33.07%
3Y*
20.84%
5Y*
9.58%
10Y*
7.13%

FPA

1D
-6.12%
1M
-0.38%
YTD
43.37%
6M
43.73%
1Y
57.04%
3Y*
30.61%
5Y*
12.24%
10Y*
10.87%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DVYA vs. FPA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DVYA
iShares Asia/Pacific Dividend ETF		9.67%30.22%6.05%13.75%-2.17%3.41%-9.61%14.70%-14.87%16.99%
FPA
First Trust Asia Pacific ex-Japan AlphaDEX Fund		43.37%43.16%3.95%9.97%-14.55%2.98%13.43%8.91%-21.91%35.81%

Correlation

The correlation between DVYA and FPA is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.60

Correlation (3Y)
Calculated over the trailing 3-year period

0.64

Correlation (5Y)
Calculated over the trailing 5-year period

0.60

Correlation (10Y)
Calculated over the trailing 10-year period

0.62

Correlation (All Time)
Calculated using the full available price history since Feb 24, 2012

0.62

The correlation between DVYA and FPA has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.

DVYA vs. FPA - Sectors Allocation Comparison

Sectors
DVYA
FPA

Financial Services

30.8%
8.6%

Basic Materials

18.3%
4.2%

Consumer Cyclical

11.1%
9.3%

Real Estate

10.0%
6.2%

Industrials

6.7%
32.7%

Energy

4.8%
5.4%

Consumer Defensive

4.7%
2.7%

Communication Services

4.4%
2.6%

Utilities

4.1%
5.1%

Healthcare

3.4%
0.8%

Technology

1.8%
25.2%

Financial Services

DVYA
30.8%
FPA
8.6%

Basic Materials

DVYA
18.3%
FPA
4.2%

Consumer Cyclical

DVYA
11.1%
FPA
9.3%

Real Estate

DVYA
10.0%
FPA
6.2%

Industrials

DVYA
6.7%
FPA
32.7%

Energy

DVYA
4.8%
FPA
5.4%

Consumer Defensive

DVYA
4.7%
FPA
2.7%

Communication Services

DVYA
4.4%
FPA
2.6%

Utilities

DVYA
4.1%
FPA
5.1%

Healthcare

DVYA
3.4%
FPA
0.8%

Technology

DVYA
1.8%
FPA
25.2%

Compare stocks, funds, or ETFs

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iShares Asia/Pacific Dividend ETF

First Trust Asia Pacific ex-Japan AlphaDEX Fund

Often compared with DVYA:
DVYA vs. VYMDVYA vs. DVYEDVYA vs. IDVDVYA vs. CNDVYA vs. EPDPXDVYA vs. BBCADVYA vs. DVY
Often compared with FPA:
FPA vs. FSEAXFPA vs. VPLFPA vs. EPPFPA vs. ADIVFPA vs. EWSFPA vs. EWYFPA vs. FICS

Return for Risk

DVYA vs. FPA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DVYA
DVYA Risk / Return Rank: 7878
Overall Rank
DVYA Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
DVYA Sortino Ratio Rank: 8080
Sortino Ratio Rank
DVYA Omega Ratio Rank: 7878
Omega Ratio Rank
DVYA Calmar Ratio Rank: 7878
Calmar Ratio Rank
DVYA Martin Ratio Rank: 7272
Martin Ratio Rank
FPA
FPA Risk / Return Rank: 6868
Overall Rank
FPA Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
FPA Sortino Ratio Rank: 5959
Sortino Ratio Rank
FPA Omega Ratio Rank: 6464
Omega Ratio Rank
FPA Calmar Ratio Rank: 7777
Calmar Ratio Rank
FPA Martin Ratio Rank: 7373
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DVYA vs. FPA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Asia/Pacific Dividend ETF (DVYA) 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.

DVYAFPADifference
Sharpe ratioReturn per unit of total volatility
2.50
1.99

+0.50

Sortino ratioReturn per unit of downside risk
3.35
2.58

+0.77

Omega ratioGain probability vs. loss probability

1.43

1.36

+0.07

Calmar ratioReturn relative to maximum drawdown

3.84

3.73

+0.12

Martin ratioReturn relative to average drawdown

12.70

12.70

0.00

DVYA vs. FPA - Sharpe Ratio Comparison

The current DVYA Sharpe Ratio is 2.50, which is comparable to the FPA Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of DVYA and FPA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DVYA vs. FPA - Drawdown Comparison

The maximum DVYA drawdown since its inception was -45.61%, smaller than the maximum FPA drawdown of -52.91%. Use the drawdown chart below to compare losses from any high point for DVYA and FPA.

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Drawdown Indicators

DVYAFPADifference

Max Drawdown

Largest peak-to-trough decline

-45.61%

-52.91%

+7.30%

Max Drawdown (1Y)

Largest decline over 1 year

-8.64%

-15.37%

+6.73%

Max Drawdown (3Y)

Largest decline over 3 years

-19.15%

-20.66%

+1.51%

Max Drawdown (5Y)

Largest decline over 5 years

-25.18%

-34.38%

+9.20%

Max Drawdown (10Y)

Largest decline over 10 years

-45.61%

-52.91%

+7.30%

Current Drawdown

Current decline from peak

-6.26%

-9.25%

+2.99%

Average Drawdown

Average peak-to-trough decline

-10.04%

-13.46%

+3.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.61%

4.50%

-1.89%

Volatility

DVYA vs. FPA - Volatility Comparison

The current volatility for iShares Asia/Pacific Dividend ETF (DVYA) is 4.20%, while First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) has a volatility of 16.46%. This indicates that DVYA 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

DVYAFPADifference

Volatility (1M)

Calculated over the trailing 1-month period

4.20%

16.46%

-12.26%

Volatility (6M)

Calculated over the trailing 6-month period

11.04%

26.05%

-15.01%

Volatility (1Y)

Calculated over the trailing 1-year period

13.36%

28.94%

-15.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.16%

24.79%

-9.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.48%

22.76%

-5.28%

DVYA vs. FPA - Expense Ratio Comparison

DVYA has a 0.49% expense ratio, which is lower than FPA's 0.80% expense ratio.

Dividends

DVYA vs. FPA - Dividend Comparison

DVYA's dividend yield for the trailing twelve months is around 4.73%, more than FPA's 3.72% yield.

PositionTTM20252024202320222021202020192018201720162015
DVYA
iShares Asia/Pacific Dividend ETF		4.73%4.71%5.97%6.48%7.29%5.81%3.66%5.52%6.24%4.74%4.79%5.33%
FPA
First Trust Asia Pacific ex-Japan AlphaDEX Fund		3.72%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

DVYA and FPA have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FPA has higher volatility (16.46%) compared to DVYA (4.20%). In terms of maximum drawdown, DVYA dropped -45.61% vs FPA's -52.91%.

On 10-year performance, FPA leads with 10.87% vs 7.13% for DVYA. On fees, DVYA is cheaper at 0.49% per year. On volatility, DVYA has been the lower-risk option at 4.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, FPA has performed better with a 10.87% return vs 7.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DVYA is cheaper with a 0.49% expense ratio, compared with 0.80% for FPA.

DVYA has the higher dividend yield at 4.73%, compared with 3.72% for FPA.

DVYA tracks Dow Jones Asia/Pacific Select Dividend 30 Index, while FPA tracks NASDAQ AlphaDEX Asia Pacific Ex-Japan Index. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.49% for DVYA and 0.80% for FPA.

DVYA currently has the higher Sharpe Ratio (2.50 vs 1.99), 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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