FCA vs. KGRN
Compare and contrast key facts about First Trust China AlphaDEX Fund (FCA) and KraneShares MSCI China Clean Technology Index ETF (KGRN).
FCA and KGRN 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. KGRN is a passively managed fund by CICC that tracks the performance of the MSCI China IMI Environment 10/40 Index. It was launched on Oct 13, 2017. Both FCA and KGRN 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: FCA or KGRN.
Key characteristics
| FCA | KGRN | |
|---|---|---|
| YTD Return | 16.35% | -0.78% |
| 1Y Return | 19.28% | -6.56% |
| 3Y Return (Ann) | -3.66% | -21.68% |
| 5Y Return (Ann) | 0.34% | 6.67% |
| Sharpe Ratio | 0.63 | -0.19 |
| Sortino Ratio | 1.08 | -0.03 |
| Omega Ratio | 1.14 | 1.00 |
| Calmar Ratio | 0.46 | -0.10 |
| Martin Ratio | 2.42 | -0.38 |
| Ulcer Index | 8.01% | 18.02% |
| Daily Std Dev | 30.74% | 35.39% |
| Max Drawdown | -45.55% | -66.36% |
| Current Drawdown | -25.94% | -56.90% |
Correlation
The correlation between FCA and KGRN is 0.54, 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.
Performance
FCA vs. KGRN - Performance Comparison
In the year-to-date period, FCA achieves a 16.35% return, which is significantly higher than KGRN's -0.78% 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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FCA vs. KGRN - Expense Ratio Comparison
FCA has a 0.80% expense ratio, which is higher than KGRN's 0.79% expense ratio.
Risk-Adjusted Performance
FCA vs. KGRN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust China AlphaDEX Fund (FCA) and KraneShares MSCI China Clean Technology Index ETF (KGRN). 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
FCA vs. KGRN - Dividend Comparison
FCA's dividend yield for the trailing twelve months is around 5.37%, more than KGRN's 0.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCA First Trust China AlphaDEX Fund | 5.37% | 5.71% | 6.00% | 4.91% | 4.12% | 3.73% | 3.10% | 2.30% | 2.51% | 4.13% | 2.47% | 2.86% |
KGRN KraneShares MSCI China Clean Technology Index ETF | 0.75% | 0.74% | 1.60% | 0.41% | 0.01% | 5.88% | 2.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FCA vs. KGRN - Drawdown Comparison
The maximum FCA drawdown since its inception was -45.55%, smaller than the maximum KGRN drawdown of -66.36%. Use the drawdown chart below to compare losses from any high point for FCA and KGRN. For additional features, visit the drawdowns tool.
Volatility
FCA vs. KGRN - Volatility Comparison
The current volatility for First Trust China AlphaDEX Fund (FCA) is 9.88%, while KraneShares MSCI China Clean Technology Index ETF (KGRN) has a volatility of 11.86%. This indicates that FCA experiences smaller price fluctuations and is considered to be less risky than KGRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.