FAD vs. VDIGX
Compare and contrast key facts about First Trust Multi Cap Growth AlphaDEX Fund (FAD) and Vanguard Dividend Growth Fund (VDIGX).
FAD is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Multi Cap Growth Index. It was launched on May 8, 2007. VDIGX is managed by Vanguard. It was launched on May 15, 1992.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FAD or VDIGX.
Key characteristics
| FAD | VDIGX | |
|---|---|---|
| YTD Return | 9.37% | 5.19% |
| 1Y Return | 26.71% | 12.70% |
| 3Y Return (Ann) | 4.82% | 6.68% |
| 5Y Return (Ann) | 11.61% | 11.16% |
| 10Y Return (Ann) | 11.30% | 11.09% |
| Sharpe Ratio | 1.73 | 1.40 |
| Daily Std Dev | 15.96% | 9.07% |
| Max Drawdown | -54.33% | -45.23% |
| Current Drawdown | -5.37% | -1.07% |
Correlation
The correlation between FAD and VDIGX is 0.72, 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
FAD vs. VDIGX - Performance Comparison
In the year-to-date period, FAD achieves a 9.37% return, which is significantly higher than VDIGX's 5.19% return. Both investments have delivered pretty close results over the past 10 years, with FAD having a 11.30% annualized return and VDIGX not far behind at 11.09%. 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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FAD vs. VDIGX - Expense Ratio Comparison
FAD has a 0.63% expense ratio, which is higher than VDIGX's 0.27% expense ratio.
Risk-Adjusted Performance
FAD vs. VDIGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Multi Cap Growth AlphaDEX Fund (FAD) and Vanguard Dividend Growth Fund (VDIGX). 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
FAD vs. VDIGX - Dividend Comparison
FAD's dividend yield for the trailing twelve months is around 0.36%, less than VDIGX's 3.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAD First Trust Multi Cap Growth AlphaDEX Fund | 0.36% | 0.51% | 0.60% | 0.09% | 0.32% | 0.48% | 0.20% | 0.22% | 0.64% | 0.41% | 0.44% | 0.31% |
VDIGX Vanguard Dividend Growth Fund | 3.19% | 2.29% | 6.06% | 5.45% | 2.83% | 4.70% | 8.84% | 5.16% | 2.86% | 5.69% | 3.41% | 2.28% |
Drawdowns
FAD vs. VDIGX - Drawdown Comparison
The maximum FAD drawdown since its inception was -54.33%, which is greater than VDIGX's maximum drawdown of -45.23%. Use the drawdown chart below to compare losses from any high point for FAD and VDIGX. For additional features, visit the drawdowns tool.
Volatility
FAD vs. VDIGX - Volatility Comparison
First Trust Multi Cap Growth AlphaDEX Fund (FAD) has a higher volatility of 4.13% compared to Vanguard Dividend Growth Fund (VDIGX) at 1.72%. This indicates that FAD's price experiences larger fluctuations and is considered to be riskier than VDIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.