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FAB vs. DIV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FAB vs. DIV

Last updated Jun 24, 2026

FAB (First Trust Multi Cap Value AlphaDEX Fund) and DIV (Global X SuperDividend U.S. ETF) are both Mid Cap Value Equities funds - FAB tracks the NASDAQ AlphaDEX Multi Cap Value Index while DIV tracks the Indxx SuperDividend® U.S. Low Volatility Index. Both are passively managed. Over the past 10 years, FAB returned 11.08%/yr vs 4.14%/yr for DIV. A 0.78 correlation means they provide meaningful diversification when combined. FAB charges 0.64%/yr vs 0.45%/yr for DIV.

Performance

FAB vs. DIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Multi Cap Value AlphaDEX Fund (FAB) and Global X SuperDividend U.S. ETF (DIV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with FAB having a 12.76% return and DIV slightly higher at 13.39%. Over the past 10 years, FAB has outperformed DIV with an annualized return of 11.08%, while DIV has yielded a comparatively lower 4.14% annualized return.

FAB

1D
0.70%
1M
1.98%
YTD
12.76%
6M
12.00%
1Y
26.53%
3Y*
15.64%
5Y*
8.97%
10Y*
11.08%

DIV

1D
1.81%
1M
-1.67%
YTD
13.39%
6M
13.87%
1Y
15.53%
3Y*
12.84%
5Y*
5.62%
10Y*
4.14%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FAB vs. DIV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FAB
First Trust Multi Cap Value AlphaDEX Fund		12.76%9.86%7.82%15.81%-6.79%30.83%2.40%23.73%-14.62%14.62%
DIV
Global X SuperDividend U.S. ETF		13.39%3.10%11.27%-1.73%-3.92%30.60%-22.85%14.50%-6.60%9.90%

Correlation

The correlation between FAB and DIV is 0.76, 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

0.76

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

0.82

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

0.84

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

0.79

Correlation (All Time)
Calculated using the full available price history since Mar 12, 2013

0.78

The correlation between FAB and DIV has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.

FAB vs. DIV - Sectors Allocation Comparison

Sectors
FAB
DIV

Financial Services

23.9%
3.8%

Consumer Cyclical

13.9%
3.7%

Industrials

12.0%
11.9%

Energy

8.3%
23.2%

Technology

7.9%

-

Real Estate

7.7%
20.1%

Healthcare

7.1%
3.4%

Utilities

6.2%
11.7%

Consumer Defensive

5.9%
10.8%

Basic Materials

3.9%
4.3%

Communication Services

2.7%
6.5%

Financial Services

FAB
23.9%
DIV
3.8%

Consumer Cyclical

FAB
13.9%
DIV
3.7%

Industrials

FAB
12.0%
DIV
11.9%

Energy

FAB
8.3%
DIV
23.2%

Technology

FAB
7.9%
DIV

-

Real Estate

FAB
7.7%
DIV
20.1%

Healthcare

FAB
7.1%
DIV
3.4%

Utilities

FAB
6.2%
DIV
11.7%

Consumer Defensive

FAB
5.9%
DIV
10.8%

Basic Materials

FAB
3.9%
DIV
4.3%

Communication Services

FAB
2.7%
DIV
6.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Multi Cap Value AlphaDEX Fund

Global X SuperDividend U.S. ETF

Often compared with FAB:
FAB vs. FNCMXFAB vs. MTUMFAB vs. CVARFAB vs. ABLDFAB vs. QQQMFAB vs. IMCVFAB vs. SPUS
Often compared with DIV:
DIV vs. DIVODIV vs. SCHDDIV vs. SPYDDIV vs. VOODIV vs. JEPIDIV vs. VYMDIV vs. SPHD

Return for Risk

FAB vs. DIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FAB
FAB Risk / Return Rank: 6969
Overall Rank
FAB Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
FAB Sortino Ratio Rank: 7171
Sortino Ratio Rank
FAB Omega Ratio Rank: 6060
Omega Ratio Rank
FAB Calmar Ratio Rank: 8181
Calmar Ratio Rank
FAB Martin Ratio Rank: 7272
Martin Ratio Rank
DIV
DIV Risk / Return Rank: 4848
Overall Rank
DIV Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
DIV Sortino Ratio Rank: 4343
Sortino Ratio Rank
DIV Omega Ratio Rank: 3939
Omega Ratio Rank
DIV Calmar Ratio Rank: 6363
Calmar Ratio Rank
DIV Martin Ratio Rank: 4949
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.

FAB vs. DIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Multi Cap Value AlphaDEX Fund (FAB) and Global X SuperDividend U.S. ETF (DIV). 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.

FABDIVDifference
Sharpe ratioReturn per unit of total volatility
1.93
1.47

+0.46

Sortino ratioReturn per unit of downside risk
2.93
2.11

+0.82

Omega ratioGain probability vs. loss probability

1.34

1.25

+0.09

Calmar ratioReturn relative to maximum drawdown

4.01

2.98

+1.02

Martin ratioReturn relative to average drawdown

12.40

8.09

+4.31

FAB vs. DIV - Sharpe Ratio Comparison

The current FAB Sharpe Ratio is 1.93, which is higher than the DIV Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of FAB and DIV, 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

FAB vs. DIV - Drawdown Comparison

The maximum FAB drawdown since its inception was -63.29%, which is greater than DIV's maximum drawdown of -52.74%. Use the drawdown chart below to compare losses from any high point for FAB and DIV.

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Drawdown Indicators

FABDIVDifference

Max Drawdown

Largest peak-to-trough decline

-63.29%

-52.74%

-10.55%

Max Drawdown (1Y)

Largest decline over 1 year

-6.65%

-5.23%

-1.42%

Max Drawdown (3Y)

Largest decline over 3 years

-22.91%

-12.33%

-10.58%

Max Drawdown (5Y)

Largest decline over 5 years

-22.91%

-21.14%

-1.77%

Max Drawdown (10Y)

Largest decline over 10 years

-47.08%

-52.74%

+5.66%

Current Drawdown

Current decline from peak

-1.38%

-1.67%

+0.29%

Average Drawdown

Average peak-to-trough decline

-9.23%

-7.01%

-2.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.15%

1.92%

+0.23%

Volatility

FAB vs. DIV - Volatility Comparison

The current volatility for First Trust Multi Cap Value AlphaDEX Fund (FAB) is 3.30%, while Global X SuperDividend U.S. ETF (DIV) has a volatility of 3.68%. This indicates that FAB experiences smaller price fluctuations and is considered to be less risky than DIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FABDIVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.30%

3.68%

-0.38%

Volatility (6M)

Calculated over the trailing 6-month period

8.70%

7.54%

+1.16%

Volatility (1Y)

Calculated over the trailing 1-year period

13.81%

10.64%

+3.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.67%

13.69%

+4.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.02%

18.00%

+4.02%

FAB vs. DIV - Expense Ratio Comparison

FAB has a 0.64% expense ratio, which is higher than DIV's 0.45% expense ratio.

Dividends

FAB vs. DIV - Dividend Comparison

FAB's dividend yield for the trailing twelve months is around 1.56%, less than DIV's 6.77% yield.

PositionTTM20252024202320222021202020192018201720162015
DIV
Global X SuperDividend U.S. ETF		6.77%7.30%5.74%7.13%6.62%5.24%8.01%7.65%7.08%5.92%6.78%8.44%
FAB
First Trust Multi Cap Value AlphaDEX Fund		1.56%1.57%2.00%1.94%1.80%1.32%1.59%1.75%1.96%1.42%1.40%1.62%

Frequently Asked Questions

FAB and DIV have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DIV has higher volatility (3.68%) compared to FAB (3.30%). In terms of maximum drawdown, FAB dropped -63.29% vs DIV's -52.74%.

On 10-year performance, FAB leads with 11.08% vs 4.14% for DIV. On fees, DIV is cheaper at 0.45% per year. On volatility, FAB has been the lower-risk option at 3.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, FAB has performed better with a 11.08% return vs 4.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DIV is cheaper with a 0.45% expense ratio, compared with 0.64% for FAB.

DIV has the higher dividend yield at 6.77%, compared with 1.56% for FAB.

FAB tracks NASDAQ AlphaDEX Multi Cap Value Index, while DIV tracks Indxx SuperDividend® U.S. Low Volatility Index. They also come from different issuers: First Trust and Global X. Their fees differ too: 0.64% for FAB and 0.45% for DIV.

FAB currently has the higher Sharpe Ratio (1.93 vs 1.47), 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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