FCA vs. FXP
Compare and contrast key facts about First Trust China AlphaDEX Fund (FCA) and ProShares UltraShort FTSE China 50 (FXP).
FCA and FXP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCA is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX China Index. It was launched on Apr 18, 2011. FXP is a passively managed fund by ProShares that tracks the performance of the FTSE China 50 Net Tax USD (TR) (-200%). It was launched on Nov 8, 2007. Both FCA and FXP 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
FCA vs. FXP - Performance Comparison
Loading graphics...
FCA vs. FXP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCA First Trust China AlphaDEX Fund | 10.86% | 45.20% | 14.07% | -8.28% | -17.61% | -0.65% | 11.80% | 18.72% | -18.30% | 60.26% |
FXP ProShares UltraShort FTSE China 50 | 11.77% | -45.32% | -52.46% | 12.74% | -11.73% | 23.56% | -39.47% | -29.01% | 12.45% | -49.76% |
Returns By Period
In the year-to-date period, FCA achieves a 10.86% return, which is significantly lower than FXP's 11.77% return. Over the past 10 years, FCA has outperformed FXP with an annualized return of 9.40%, while FXP has yielded a comparatively lower -23.48% annualized return.
FCA
- 1D
- -0.29%
- 1M
- -7.82%
- YTD
- 10.86%
- 6M
- 8.68%
- 1Y
- 53.93%
- 3Y*
- 17.99%
- 5Y*
- 5.95%
- 10Y*
- 9.40%
FXP
- 1D
- -5.19%
- 1M
- 7.12%
- YTD
- 11.77%
- 6M
- 25.78%
- 1Y
- -12.70%
- 3Y*
- -27.68%
- 5Y*
- -16.72%
- 10Y*
- -23.48%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FCA vs. FXP - Expense Ratio Comparison
FCA has a 0.80% expense ratio, which is lower than FXP's 0.95% expense ratio.
Return for Risk
FCA vs. FXP — Risk / Return Rank
FCA
FXP
FCA vs. FXP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust China AlphaDEX Fund (FCA) and ProShares UltraShort FTSE China 50 (FXP). 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.
| FCA | FXP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.07 | -0.27 | +2.34 |
Sortino ratioReturn per unit of downside risk | 2.56 | -0.07 | +2.63 |
Omega ratioGain probability vs. loss probability | 1.38 | 0.99 | +0.39 |
Calmar ratioReturn relative to maximum drawdown | 3.34 | -0.24 | +3.58 |
Martin ratioReturn relative to average drawdown | 15.08 | -0.30 | +15.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FCA | FXP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | -0.27 | +2.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | -0.27 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | -0.43 | +0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | -0.44 | +0.58 |
Correlation
The correlation between FCA and FXP is -0.64. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
FCA vs. FXP - Dividend Comparison
FCA's dividend yield for the trailing twelve months is around 2.32%, less than FXP's 4.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCA First Trust China AlphaDEX Fund | 2.32% | 2.67% | 5.17% | 5.70% | 6.00% | 4.91% | 4.12% | 3.73% | 3.10% | 2.30% | 2.51% | 4.13% |
FXP ProShares UltraShort FTSE China 50 | 4.18% | 9.57% | 3.55% | 2.20% | 0.06% | 0.00% | 0.06% | 1.20% | 0.16% | 0.00% | 0.00% | 0.00% |
Drawdowns
FCA vs. FXP - Drawdown Comparison
The maximum FCA drawdown since its inception was -45.56%, smaller than the maximum FXP drawdown of -99.94%. Use the drawdown chart below to compare losses from any high point for FCA and FXP.
Loading graphics...
Drawdown Indicators
| FCA | FXP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.56% | -99.94% | +54.38% |
Max Drawdown (1Y)Largest decline over 1 year | -15.81% | -52.42% | +36.61% |
Max Drawdown (5Y)Largest decline over 5 years | -42.47% | -87.85% | +45.38% |
Max Drawdown (10Y)Largest decline over 10 years | -42.47% | -95.29% | +52.82% |
Current DrawdownCurrent decline from peak | -8.75% | -99.92% | +91.17% |
Average DrawdownAverage peak-to-trough decline | -21.81% | -94.10% | +72.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 42.47% | -38.97% |
Volatility
FCA vs. FXP - Volatility Comparison
The current volatility for First Trust China AlphaDEX Fund (FCA) is 8.25%, while ProShares UltraShort FTSE China 50 (FXP) has a volatility of 13.95%. This indicates that FCA experiences smaller price fluctuations and is considered to be less risky than FXP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FCA | FXP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.25% | 13.95% | -5.70% |
Volatility (6M)Calculated over the trailing 6-month period | 16.57% | 28.87% | -12.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.19% | 47.71% | -21.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.43% | 63.04% | -35.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.57% | 54.96% | -28.39% |