FAB vs. ROBT
Compare and contrast key facts about First Trust Multi Cap Value AlphaDEX Fund (FAB) and First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT).
FAB and ROBT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FAB is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Multi Cap Value Index. It was launched on May 8, 2007. ROBT is a passively managed fund by First Trust that tracks the performance of the Nasdaq CTA Artificial Intelligence and Robotics Index. It was launched on Feb 21, 2018. Both FAB and ROBT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FAB vs. ROBT - Performance Comparison
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FAB vs. ROBT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FAB First Trust Multi Cap Value AlphaDEX Fund | 6.46% | 9.86% | 7.82% | 15.81% | -6.79% | 30.83% | 2.40% | 23.73% | -12.06% |
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF | -11.00% | 15.16% | -0.41% | 27.77% | -34.94% | 9.91% | 46.18% | 34.28% | -13.98% |
Returns By Period
In the year-to-date period, FAB achieves a 6.46% return, which is significantly higher than ROBT's -11.00% return.
FAB
- 1D
- 1.17%
- 1M
- -2.86%
- YTD
- 6.46%
- 6M
- 9.38%
- 1Y
- 21.04%
- 3Y*
- 12.84%
- 5Y*
- 8.32%
- 10Y*
- 10.13%
ROBT
- 1D
- 4.15%
- 1M
- -9.19%
- YTD
- -11.00%
- 6M
- -12.72%
- 1Y
- 13.50%
- 3Y*
- 2.99%
- 5Y*
- -2.47%
- 10Y*
- —
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FAB vs. ROBT - Expense Ratio Comparison
FAB has a 0.64% expense ratio, which is lower than ROBT's 0.65% expense ratio.
Return for Risk
FAB vs. ROBT — Risk / Return Rank
FAB
ROBT
FAB vs. ROBT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Multi Cap Value AlphaDEX Fund (FAB) and First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT). 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.
| FAB | ROBT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 0.49 | +0.57 |
Sortino ratioReturn per unit of downside risk | 1.63 | 0.89 | +0.74 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.11 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.50 | 0.55 | +0.95 |
Martin ratioReturn relative to average drawdown | 6.49 | 1.78 | +4.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FAB | ROBT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 0.49 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | -0.10 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.23 | +0.11 |
Correlation
The correlation between FAB and ROBT is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FAB vs. ROBT - Dividend Comparison
FAB's dividend yield for the trailing twelve months is around 1.66%, while ROBT has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAB First Trust Multi Cap Value AlphaDEX Fund | 1.66% | 1.57% | 2.00% | 1.94% | 1.80% | 1.32% | 1.59% | 1.75% | 1.96% | 1.42% | 1.40% | 1.62% |
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF | 0.00% | 0.00% | 0.68% | 0.23% | 0.35% | 0.06% | 0.17% | 0.42% | 0.44% | 0.00% | 0.00% | 0.00% |
Drawdowns
FAB vs. ROBT - Drawdown Comparison
The maximum FAB drawdown since its inception was -63.29%, which is greater than ROBT's maximum drawdown of -44.47%. Use the drawdown chart below to compare losses from any high point for FAB and ROBT.
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Drawdown Indicators
| FAB | ROBT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.29% | -44.47% | -18.82% |
Max Drawdown (1Y)Largest decline over 1 year | -14.51% | -21.66% | +7.15% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -43.26% | +20.35% |
Max Drawdown (10Y)Largest decline over 10 years | -47.08% | — | — |
Current DrawdownCurrent decline from peak | -3.79% | -21.09% | +17.30% |
Average DrawdownAverage peak-to-trough decline | -9.33% | -16.09% | +6.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 6.73% | -3.37% |
Volatility
FAB vs. ROBT - Volatility Comparison
The current volatility for First Trust Multi Cap Value AlphaDEX Fund (FAB) is 3.80%, while First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT) has a volatility of 8.78%. This indicates that FAB experiences smaller price fluctuations and is considered to be less risky than ROBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAB | ROBT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 8.78% | -4.98% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 18.22% | -8.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.96% | 27.73% | -7.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.78% | 25.00% | -6.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.10% | 25.50% | -3.40% |