EICIX vs. FDT

Last updated Jun 13, 2026

EICIX (EIC Value Fund) and FDT (First Trust Developed Markets ex-US AlphaDEX Fund) are both funds - EICIX is a Large Cap Value Equities fund managed by Equity Investment Corp, while FDT is a Foreign Large Cap Equities fund tracking the NASDAQ AlphaDEX DM Ex-US Index. Over the past 10 years, EICIX returned 11.48%/yr vs 11.17%/yr for FDT. A 0.68 correlation means they provide meaningful diversification when combined. EICIX charges 0.95%/yr vs 0.80%/yr for FDT.

Performance

EICIX vs. FDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EIC Value Fund (EICIX) and First Trust Developed Markets ex-US AlphaDEX Fund (FDT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EICIX achieves a 5.81% return, which is significantly lower than FDT's 23.23% return. Both investments have delivered pretty close results over the past 10 years, with EICIX having a 11.48% annualized return and FDT not far behind at 11.17%.

EICIX

• 1D: 0.80%
• 1M: 4.47%
• YTD: 5.81%
• 6M: 4.81%
• 1Y: 13.57%
• 3Y*: 15.33%
• 5Y*: 10.21%
• 10Y*: 11.48%

FDT

• 1D: 0.21%
• 1M: 0.87%
• YTD: 23.23%
• 6M: 24.33%
• 1Y: 50.01%
• 3Y*: 27.84%
• 5Y*: 12.16%
• 10Y*: 11.17%

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

EICIX vs. FDT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EICIX EIC Value Fund	5.81%	16.01%	11.55%	12.91%	0.90%	30.08%	4.27%	22.64%	-7.80%	14.42%
FDT First Trust Developed Markets ex-US AlphaDEX Fund	23.23%	52.21%	6.97%	15.03%	-19.51%	11.43%	4.29%	16.82%	-19.98%	34.42%

Correlation

The correlation between EICIX and FDT is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since May 2, 2011	0.68

Over the past year, the correlation between EICIX and FDT has dropped to 0.44 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.

Return for Risk

EICIX vs. FDT — Risk / Return Rank

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

EICIX

EICIX Risk / Return Rank: 23
EICIX Sharpe Ratio Rank: 24
EICIX Sortino Ratio Rank: 25
EICIX Omega Ratio Rank: 22
EICIX Calmar Ratio Rank: 26
EICIX Martin Ratio Rank: 18

FDT

FDT Risk / Return Rank: 84
FDT Sharpe Ratio Rank: 88
FDT Sortino Ratio Rank: 84
FDT Omega Ratio Rank: 86
FDT Calmar Ratio Rank: 80
FDT Martin Ratio Rank: 82

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.

EICIX vs. FDT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EIC Value Fund (EICIX) and First Trust Developed Markets ex-US AlphaDEX Fund (FDT). 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.

	EICIX	FDT	Difference
Sharpe ratio: Return per unit of total volatility	1.14	2.54	-1.40
Sortino ratio: Return per unit of downside risk	1.71	3.27	-1.56
Omega ratio: Gain probability vs. loss probability	1.20	1.46	-0.26
Calmar ratio: Return relative to maximum drawdown	1.54	3.70	-2.17
Martin ratio: Return relative to average drawdown	3.81	14.01	-10.21

EICIX vs. FDT - Sharpe Ratio Comparison

The current EICIX Sharpe Ratio is 1.14, which is lower than the FDT Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of EICIX and FDT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EICIX vs. FDT - Drawdown Comparison

The maximum EICIX drawdown since its inception was -34.26%, smaller than the maximum FDT drawdown of -46.10%. Use the drawdown chart below to compare losses from any high point for EICIX and FDT.

Drawdown Indicators

	EICIX	FDT	Difference
Max Drawdown Largest peak-to-trough decline	-34.26%	-46.10%	+11.84%
Max Drawdown (1Y) Largest decline over 1 year	-8.55%	-13.41%	+4.86%
Max Drawdown (3Y) Largest decline over 3 years	-11.10%	-14.29%	+3.19%
Max Drawdown (5Y) Largest decline over 5 years	-17.36%	-32.80%	+15.44%
Max Drawdown (10Y) Largest decline over 10 years	-34.26%	-46.10%	+11.84%
Current Drawdown Current decline from peak	-3.66%	-3.37%	-0.29%
Average Drawdown Average peak-to-trough decline	-3.41%	-10.76%	+7.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	3.54%	-0.15%

Volatility

EICIX vs. FDT - Volatility Comparison

The current volatility for EIC Value Fund (EICIX) is 2.99%, while First Trust Developed Markets ex-US AlphaDEX Fund (FDT) has a volatility of 8.93%. This indicates that EICIX experiences smaller price fluctuations and is considered to be less risky than FDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EICIX	FDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.99%	8.93%	-5.94%
Volatility (6M) Calculated over the trailing 6-month period	8.16%	17.27%	-9.11%
Volatility (1Y) Calculated over the trailing 1-year period	11.55%	19.59%	-8.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.59%	18.46%	-3.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.27%	18.62%	-2.35%

EICIX vs. FDT - Expense Ratio Comparison

EICIX has a 0.95% expense ratio, which is higher than FDT's 0.80% expense ratio.

Dividends

EICIX vs. FDT - Dividend Comparison

EICIX's dividend yield for the trailing twelve months is around 8.46%, more than FDT's 2.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EICIX EIC Value Fund	8.46%	8.95%	9.47%	4.09%	6.07%	11.14%	6.05%	7.71%	10.82%	8.51%	2.03%	3.42%
FDT First Trust Developed Markets ex-US AlphaDEX Fund	2.89%	3.27%	3.89%	4.36%	2.29%	3.80%	2.42%	2.78%	2.13%	1.57%	1.76%	1.83%

Frequently Asked Questions

Can I hold both EICIX and FDT in my portfolio?

EICIX and FDT have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EICIX or FDT?

FDT has higher volatility (8.93%) compared to EICIX (2.99%). In terms of maximum drawdown, EICIX dropped -34.26% vs FDT's -46.10%.

Which has better risk-adjusted returns?

FDT currently has the higher Sharpe Ratio (2.54 vs 1.14), 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.