EATZ vs. FXD

Last updated Jun 3, 2026

EATZ (AdvisorShares Restaurant ETF) and FXD (First Trust Consumer Discretionary AlphaDEX Fund) are both Consumer Discretionary Equities funds. EATZ is actively managed, while FXD is passively managed. Over the past 5 years, EATZ returned 2.20%/yr vs 3.18%/yr for FXD. A 0.76 correlation means they provide meaningful diversification when combined. EATZ charges 1.00%/yr vs 0.63%/yr for FXD.

Performance

EATZ vs. FXD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Restaurant ETF (EATZ) and First Trust Consumer Discretionary AlphaDEX Fund (FXD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EATZ achieves a 4.80% return, which is significantly higher than FXD's -1.49% return.

EATZ

• 1D: 0.00%
• 1M: 0.00%
• YTD: 4.80%
• 6M: 4.07%
• 1Y: -6.74%
• 3Y*: 10.53%
• 5Y*: 2.20%
• 10Y*: —

FXD

• 1D: -0.68%
• 1M: 0.69%
• YTD: -1.49%
• 6M: 0.09%
• 1Y: 10.66%
• 3Y*: 10.47%
• 5Y*: 3.18%
• 10Y*: 7.93%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EATZ vs. FXD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EATZ AdvisorShares Restaurant ETF	4.80%	-6.67%	23.21%	25.23%	-20.68%	-5.06%
FXD First Trust Consumer Discretionary AlphaDEX Fund	-1.49%	6.70%	10.57%	23.39%	-21.56%	3.40%

Correlation

The correlation between EATZ and FXD is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Apr 22, 2021	0.76

The correlation between EATZ and FXD shifts across timeframes, from 0.65 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.

EATZ vs. FXD - Sectors Allocation Comparison

Sectors	EATZ	FXD
Consumer Cyclical	78.2%	69.7%
Consumer Defensive	16.9%	9.2%
Industrials	4.9%	9.2%
Communication Services	2.3%	6.7%
Basic Materials	-	-
Energy	-	0.8%
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	2.5%
Utilities	-	-

Return for Risk

EATZ vs. FXD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EATZ

EATZ Risk / Return Rank: 10
EATZ Sharpe Ratio Rank: 10
EATZ Sortino Ratio Rank: 10
EATZ Omega Ratio Rank: 10
EATZ Calmar Ratio Rank: 10
EATZ Martin Ratio Rank: 9

FXD

FXD Risk / Return Rank: 18
FXD Sharpe Ratio Rank: 18
FXD Sortino Ratio Rank: 18
FXD Omega Ratio Rank: 17
FXD Calmar Ratio Rank: 18
FXD Martin Ratio Rank: 18

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.

EATZ vs. FXD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Restaurant ETF (EATZ) and First Trust Consumer Discretionary AlphaDEX Fund (FXD). 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.

	EATZ	FXD	Difference
Sharpe ratio Return per unit of total volatility	0.10	0.56	-0.46
Sortino ratio Return per unit of downside risk	0.28	0.95	-0.67
Omega ratio Gain probability vs. loss probability	1.03	1.10	-0.07
Calmar ratio Return relative to maximum drawdown	0.11	0.73	-0.61
Martin ratio Return relative to average drawdown	0.21	1.85	-1.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EATZ vs. FXD - Sharpe Ratio Comparison

The current EATZ Sharpe Ratio is 0.10, which is lower than the FXD Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of EATZ and FXD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EATZ	FXD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	0.56	-0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	0.14	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.34	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.31	-0.19

Drawdowns

EATZ vs. FXD - Drawdown Comparison

The maximum EATZ drawdown since its inception was -34.40%, smaller than the maximum FXD drawdown of -65.27%. Use the drawdown chart below to compare losses from any high point for EATZ and FXD.

Drawdown Indicators

	EATZ	FXD	Difference
Max Drawdown Largest peak-to-trough decline	-34.40%	-65.27%	+30.87%
Max Drawdown (1Y) Largest decline over 1 year	-23.21%	-13.94%	-9.27%
Max Drawdown (3Y) Largest decline over 3 years	-23.21%	-26.02%	+2.81%
Max Drawdown (5Y) Largest decline over 5 years	-33.34%	-33.74%	+0.40%
Max Drawdown (10Y) Largest decline over 10 years	—	-49.54%	—
Current Drawdown Current decline from peak	-13.56%	-6.76%	-6.80%
Average Drawdown Average peak-to-trough decline	-13.40%	-10.97%	-2.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.82%	5.46%	+7.36%

Volatility

EATZ vs. FXD - Volatility Comparison

The current volatility for AdvisorShares Restaurant ETF (EATZ) is 4.91%, while First Trust Consumer Discretionary AlphaDEX Fund (FXD) has a volatility of 6.52%. This indicates that EATZ experiences smaller price fluctuations and is considered to be less risky than FXD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EATZ	FXD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.91%	6.52%	-1.61%
Volatility (6M) Calculated over the trailing 6-month period	13.48%	14.22%	-0.74%
Volatility (1Y) Calculated over the trailing 1-year period	18.81%	19.22%	-0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.65%	22.70%	-1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.60%	23.68%	-2.08%

EATZ vs. FXD - Expense Ratio Comparison

EATZ has a 1.00% expense ratio, which is higher than FXD's 0.63% expense ratio.

Dividends

EATZ vs. FXD - Dividend Comparison

EATZ's dividend yield for the trailing twelve months is around 0.48%, less than FXD's 0.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EATZ AdvisorShares Restaurant ETF	0.48%	0.50%	0.18%	0.49%	2.35%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FXD First Trust Consumer Discretionary AlphaDEX Fund	0.78%	0.80%	0.89%	0.70%	1.00%	0.62%	0.42%	0.92%	1.08%	0.93%	1.05%	0.90%

Frequently Asked Questions

Can I hold both EATZ and FXD in my portfolio?

EATZ and FXD have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EATZ or FXD?

FXD has higher volatility (6.52%) compared to EATZ (4.91%). In terms of maximum drawdown, EATZ dropped -34.40% vs FXD's -65.27%.

Which ETF is better, EATZ or FXD?

On 5-year performance, FXD leads with 3.18% vs 2.20% for EATZ. On fees, FXD is cheaper at 0.63% per year. On volatility, EATZ has been the lower-risk option at 4.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EATZ or FXD?

Over the 5-year period, FXD has performed better with a 3.18% return vs 2.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EATZ or FXD?

FXD is cheaper with a 0.63% expense ratio, compared with 1.00% for EATZ.

Which ETF pays a higher dividend yield, EATZ or FXD?

FXD has the higher dividend yield at 0.78%, compared with 0.48% for EATZ.

What is the main difference between EATZ and FXD?

They also come from different issuers: AdvisorShares and First Trust. Their fees differ too: 1.00% for EATZ and 0.63% for FXD.

Which has better risk-adjusted returns?

FXD currently has the higher Sharpe Ratio (0.56 vs 0.10), 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.