FAD vs. XMHQ
Compare and contrast key facts about First Trust Multi Cap Growth AlphaDEX Fund (FAD) and Invesco S&P MidCap Quality ETF (XMHQ).
FAD and XMHQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. XMHQ is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Dec 1, 2006. Both FAD and XMHQ 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: FAD or XMHQ.
Key characteristics
| FAD | XMHQ | |
|---|---|---|
| YTD Return | 9.37% | 21.76% |
| 1Y Return | 26.71% | 46.88% |
| 3Y Return (Ann) | 4.82% | 12.26% |
| 5Y Return (Ann) | 11.61% | 18.40% |
| 10Y Return (Ann) | 11.30% | 13.03% |
| Sharpe Ratio | 1.73 | 2.84 |
| Daily Std Dev | 15.96% | 16.93% |
| Max Drawdown | -54.33% | -58.19% |
| Current Drawdown | -5.37% | -2.04% |
Correlation
The correlation between FAD and XMHQ is 0.75, 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. XMHQ - Performance Comparison
In the year-to-date period, FAD achieves a 9.37% return, which is significantly lower than XMHQ's 21.76% return. Over the past 10 years, FAD has underperformed XMHQ with an annualized return of 11.30%, while XMHQ has yielded a comparatively higher 13.03% 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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FAD vs. XMHQ - Expense Ratio Comparison
FAD has a 0.63% expense ratio, which is higher than XMHQ's 0.25% expense ratio.
Risk-Adjusted Performance
FAD vs. XMHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Multi Cap Growth AlphaDEX Fund (FAD) and Invesco S&P MidCap Quality ETF (XMHQ). 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. XMHQ - Dividend Comparison
FAD's dividend yield for the trailing twelve months is around 0.36%, less than XMHQ's 0.59% 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% |
XMHQ Invesco S&P MidCap Quality ETF | 0.59% | 0.73% | 1.72% | 1.00% | 1.12% | 1.22% | 1.59% | 1.06% | 1.63% | 1.34% | 1.25% | 1.11% |
Drawdowns
FAD vs. XMHQ - Drawdown Comparison
The maximum FAD drawdown since its inception was -54.33%, smaller than the maximum XMHQ drawdown of -58.19%. Use the drawdown chart below to compare losses from any high point for FAD and XMHQ. For additional features, visit the drawdowns tool.
Volatility
FAD vs. XMHQ - Volatility Comparison
First Trust Multi Cap Growth AlphaDEX Fund (FAD) and Invesco S&P MidCap Quality ETF (XMHQ) have volatilities of 4.13% and 4.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.