ETP.TO vs. FHQ.TO

Last updated Jul 16, 2026

ETP.TO (First Trust Global Risk Managed Income Index ETF) and FHQ.TO (First Trust AlphaDEX U.S. Technology Sector Index ETF) are both exchange-traded funds - ETP.TO is a Global Equity Income fund tracking the Nasdaq Global Risk Managed Income Index, while FHQ.TO is a Technology Equities fund tracking the StrataQuant Technology Index. Both are passively managed. Over the past 10 years, ETP.TO returned 3.70%/yr vs 19.80%/yr for FHQ.TO. At a 0.16 correlation, their price movements are largely independent.

Performance

ETP.TO vs. FHQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in First Trust Global Risk Managed Income Index ETF (ETP.TO) and First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETP.TO achieves a 5.10% return, which is significantly lower than FHQ.TO's 24.19% return. Over the past 10 years, ETP.TO has underperformed FHQ.TO with an annualized return of 3.70%, while FHQ.TO has yielded a comparatively higher 19.80% annualized return.

ETP.TO

• 1D: 0.05%
• 1M: 0.74%
• 6M: 4.76%
• YTD: 5.10%
• 1Y: 10.42%
• 3Y*: 9.87%
• 5Y*: 3.80%
• 10Y*: 3.70%

FHQ.TO

• 1D: 0.39%
• 1M: -4.66%
• 6M: 18.60%
• YTD: 24.19%
• 1Y: 33.63%
• 3Y*: 22.48%
• 5Y*: 13.16%
• 10Y*: 19.80%

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

ETP.TO vs. FHQ.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ETP.TO First Trust Global Risk Managed Income Index ETF	5.10%	9.03%	11.18%	5.68%	-10.84%	6.08%	-0.95%	11.41%	-4.09%	5.12%
FHQ.TO First Trust AlphaDEX U.S. Technology Sector Index ETF	24.19%	8.42%	25.83%	36.49%	-28.18%	21.01%	47.20%	35.74%	-0.09%	23.66%

Correlation

The correlation between ETP.TO and FHQ.TO is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Nov 13, 2014	0.16

The correlation between ETP.TO and FHQ.TO shifts across timeframes, from 0.05 (1 year) to 0.22 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ETP.TO vs. FHQ.TO — Risk / Return Rank

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

ETP.TO

ETP.TO Risk / Return Rank: 92
ETP.TO Sharpe Ratio Rank: 95
ETP.TO Sortino Ratio Rank: 95
ETP.TO Omega Ratio Rank: 95
ETP.TO Calmar Ratio Rank: 86
ETP.TO Martin Ratio Rank: 90

FHQ.TO

FHQ.TO Risk / Return Rank: 50
FHQ.TO Sharpe Ratio Rank: 47
FHQ.TO Sortino Ratio Rank: 45
FHQ.TO Omega Ratio Rank: 48
FHQ.TO Calmar Ratio Rank: 60
FHQ.TO Martin Ratio Rank: 49

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.

ETP.TO vs. FHQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Global Risk Managed Income Index ETF (ETP.TO) and First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ.TO). 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.

	ETP.TO	FHQ.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.90	1.37	+1.54
Sortino ratio: Return per unit of downside risk	4.28	1.92	+2.36
Omega ratio: Gain probability vs. loss probability	1.58	1.25	+0.33
Calmar ratio: Return relative to maximum drawdown	3.90	2.44	+1.46
Martin ratio: Return relative to average drawdown	16.53	6.72	+9.81

ETP.TO vs. FHQ.TO - Sharpe Ratio Comparison

The current ETP.TO Sharpe Ratio is 2.90, which is higher than the FHQ.TO Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of ETP.TO and FHQ.TO, 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

ETP.TO vs. FHQ.TO - Drawdown Comparison

The maximum ETP.TO drawdown since its inception was -26.38%, smaller than the maximum FHQ.TO drawdown of -32.05%. Use the drawdown chart below to compare losses from any high point for ETP.TO and FHQ.TO.

Drawdown Indicators

	ETP.TO	FHQ.TO	Difference
Max Drawdown Largest peak-to-trough decline	-26.38%	-32.05%	+5.67%
Max Drawdown (1Y) Largest decline over 1 year	-2.81%	-14.13%	+11.32%
Max Drawdown (3Y) Largest decline over 3 years	-5.73%	-27.64%	+21.91%
Max Drawdown (5Y) Largest decline over 5 years	-15.30%	-32.05%	+16.75%
Max Drawdown (10Y) Largest decline over 10 years	-26.38%	-32.05%	+5.67%
Current Drawdown Current decline from peak	0.00%	-6.70%	+6.70%
Average Drawdown Average peak-to-trough decline	-3.26%	-7.63%	+4.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	5.11%	-4.45%

Volatility

ETP.TO vs. FHQ.TO - Volatility Comparison

The current volatility for First Trust Global Risk Managed Income Index ETF (ETP.TO) is 0.70%, while First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ.TO) has a volatility of 10.35%. This indicates that ETP.TO experiences smaller price fluctuations and is considered to be less risky than FHQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETP.TO	FHQ.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.70%	10.35%	-9.65%
Volatility (6M) Calculated over the trailing 6-month period	2.90%	20.95%	-18.05%
Volatility (1Y) Calculated over the trailing 1-year period	3.78%	25.24%	-21.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.86%	23.62%	-17.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.13%	23.37%	-16.24%

Dividends

ETP.TO vs. FHQ.TO - Dividend Comparison

ETP.TO's dividend yield for the trailing twelve months is around 3.62%, while FHQ.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ETP.TO First Trust Global Risk Managed Income Index ETF	3.62%	4.03%	3.73%	4.15%	3.25%	2.93%	3.78%	3.76%	4.33%	4.08%	3.84%	4.28%
FHQ.TO First Trust AlphaDEX U.S. Technology Sector Index ETF	0.00%	0.00%	0.02%	0.00%	0.00%	1.18%	0.43%	0.50%	0.80%	0.83%	1.20%	0.43%

Frequently Asked Questions

Can I hold both ETP.TO and FHQ.TO in my portfolio?

ETP.TO and FHQ.TO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between ETP.TO and FHQ.TO?

ETP.TO is categorized as Global Equity Income, while FHQ.TO is Technology Equities. ETP.TO tracks Nasdaq Global Risk Managed Income Index, while FHQ.TO tracks StrataQuant Technology Index.