FAB vs. SPUS
Compare and contrast key facts about First Trust Multi Cap Value AlphaDEX Fund (FAB) and SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS).
FAB and SPUS 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. SPUS is a passively managed fund by Toroso Investments that tracks the performance of the S&P 500 Shariah Industry Exclusions Index. It was launched on Dec 18, 2019. Both FAB and SPUS 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. SPUS - Performance Comparison
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FAB vs. SPUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FAB First Trust Multi Cap Value AlphaDEX Fund | 6.46% | 9.86% | 7.82% | 15.81% | -6.79% | 30.83% | 2.40% | 0.43% |
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF | -5.55% | 19.77% | 26.49% | 34.24% | -22.76% | 35.92% | 25.68% | 0.81% |
Returns By Period
In the year-to-date period, FAB achieves a 6.46% return, which is significantly higher than SPUS's -5.55% 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%
SPUS
- 1D
- 3.24%
- 1M
- -5.39%
- YTD
- -5.55%
- 6M
- -2.24%
- 1Y
- 24.49%
- 3Y*
- 19.34%
- 5Y*
- 13.72%
- 10Y*
- —
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FAB vs. SPUS - Expense Ratio Comparison
FAB has a 0.64% expense ratio, which is higher than SPUS's 0.49% expense ratio.
Return for Risk
FAB vs. SPUS — Risk / Return Rank
FAB
SPUS
FAB vs. SPUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Multi Cap Value AlphaDEX Fund (FAB) and SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS). 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 | SPUS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 1.18 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.63 | 1.80 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.26 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.96 | -0.45 |
Martin ratioReturn relative to average drawdown | 6.49 | 8.40 | -1.91 |
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 | SPUS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 1.18 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.72 | -0.27 |
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 | 0.75 | -0.42 |
Correlation
The correlation between FAB and SPUS is 0.59, 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. SPUS - Dividend Comparison
FAB's dividend yield for the trailing twelve months is around 1.66%, more than SPUS's 0.63% yield.
| 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% |
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF | 0.63% | 0.60% | 0.70% | 0.87% | 1.21% | 1.15% | 1.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FAB vs. SPUS - Drawdown Comparison
The maximum FAB drawdown since its inception was -63.29%, which is greater than SPUS's maximum drawdown of -30.80%. Use the drawdown chart below to compare losses from any high point for FAB and SPUS.
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Drawdown Indicators
| FAB | SPUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.29% | -30.80% | -32.49% |
Max Drawdown (1Y)Largest decline over 1 year | -14.51% | -12.76% | -1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -28.06% | +5.15% |
Max Drawdown (10Y)Largest decline over 10 years | -47.08% | — | — |
Current DrawdownCurrent decline from peak | -3.79% | -7.77% | +3.98% |
Average DrawdownAverage peak-to-trough decline | -9.33% | -6.35% | -2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 2.98% | +0.38% |
Volatility
FAB vs. SPUS - Volatility Comparison
The current volatility for First Trust Multi Cap Value AlphaDEX Fund (FAB) is 3.80%, while SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) has a volatility of 6.04%. This indicates that FAB experiences smaller price fluctuations and is considered to be less risky than SPUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAB | SPUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 6.04% | -2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 11.25% | -1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.96% | 20.90% | -0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.78% | 19.20% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.10% | 21.43% | +0.67% |