EWG vs. FGM
Compare and contrast key facts about iShares MSCI Germany ETF (EWG) and First Trust Germany AlphaDEX Fund (FGM).
EWG and FGM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWG is a passively managed fund by iShares that tracks the performance of the MSCI Germany Index. It was launched on Mar 12, 1996. FGM is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Germany Index. It was launched on Feb 14, 2012. Both EWG and FGM 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: EWG or FGM.
Key characteristics
| EWG | FGM | |
|---|---|---|
| YTD Return | 3.37% | 0.28% |
| 1Y Return | 8.43% | 2.33% |
| 3Y Return (Ann) | -1.81% | -9.08% |
| 5Y Return (Ann) | 4.19% | 0.88% |
| 10Y Return (Ann) | 2.26% | 1.53% |
| Sharpe Ratio | 0.61 | 0.11 |
| Daily Std Dev | 14.40% | 17.67% |
| Max Drawdown | -67.58% | -51.58% |
| Current Drawdown | -8.66% | -29.26% |
Correlation
The correlation between EWG and FGM is 0.83, 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
EWG vs. FGM - Performance Comparison
In the year-to-date period, EWG achieves a 3.37% return, which is significantly higher than FGM's 0.28% return. Over the past 10 years, EWG has outperformed FGM with an annualized return of 2.26%, while FGM has yielded a comparatively lower 1.53% annualized return. 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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EWG vs. FGM - Expense Ratio Comparison
EWG has a 0.49% expense ratio, which is lower than FGM's 0.80% expense ratio.
Risk-Adjusted Performance
EWG vs. FGM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Germany ETF (EWG) and First Trust Germany AlphaDEX Fund (FGM). 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
EWG vs. FGM - Dividend Comparison
EWG's dividend yield for the trailing twelve months is around 2.48%, less than FGM's 3.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWG iShares MSCI Germany ETF | 2.48% | 2.56% | 3.24% | 2.69% | 2.08% | 2.51% | 2.93% | 2.03% | 2.31% | 1.90% | 2.27% | 1.35% |
FGM First Trust Germany AlphaDEX Fund | 3.21% | 2.82% | 5.44% | 1.43% | 1.33% | 2.30% | 2.18% | 2.11% | 1.33% | 1.13% | 1.92% | 1.56% |
Drawdowns
EWG vs. FGM - Drawdown Comparison
The maximum EWG drawdown since its inception was -67.58%, which is greater than FGM's maximum drawdown of -51.58%. Use the drawdown chart below to compare losses from any high point for EWG and FGM. For additional features, visit the drawdowns tool.
Volatility
EWG vs. FGM - Volatility Comparison
The current volatility for iShares MSCI Germany ETF (EWG) is 4.16%, while First Trust Germany AlphaDEX Fund (FGM) has a volatility of 4.61%. This indicates that EWG experiences smaller price fluctuations and is considered to be less risky than FGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.