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FCA vs. KLIP
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

FCA vs. KLIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust China AlphaDEX Fund (FCA) and KraneShares China Internet and Covered Call Strategy ETF (KLIP). The values are adjusted to include any dividend payments, if applicable.

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FCA vs. KLIP - Yearly Performance Comparison


2026 (YTD)202520242023
FCA
First Trust China AlphaDEX Fund
10.86%45.20%14.07%-14.65%
KLIP
KraneShares China Internet and Covered Call Strategy ETF
-8.98%16.92%3.37%10.67%

Returns By Period

In the year-to-date period, FCA achieves a 10.86% return, which is significantly higher than KLIP's -8.98% 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%

KLIP

1D
2.10%
1M
-5.77%
YTD
-8.98%
6M
-12.63%
1Y
-1.25%
3Y*
7.62%
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

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FCA vs. KLIP - Expense Ratio Comparison

FCA has a 0.80% expense ratio, which is lower than KLIP's 0.95% expense ratio.


Return for Risk

FCA vs. KLIP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FCA
FCA Risk / Return Rank: 9292
Overall Rank
FCA Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
FCA Sortino Ratio Rank: 9090
Sortino Ratio Rank
FCA Omega Ratio Rank: 9090
Omega Ratio Rank
FCA Calmar Ratio Rank: 9292
Calmar Ratio Rank
FCA Martin Ratio Rank: 9595
Martin Ratio Rank

KLIP
KLIP Risk / Return Rank: 1111
Overall Rank
KLIP Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
KLIP Sortino Ratio Rank: 1010
Sortino Ratio Rank
KLIP Omega Ratio Rank: 1111
Omega Ratio Rank
KLIP Calmar Ratio Rank: 1111
Calmar Ratio Rank
KLIP Martin Ratio Rank: 1010
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FCA vs. KLIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust China AlphaDEX Fund (FCA) and KraneShares China Internet and Covered Call Strategy ETF (KLIP). 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.


FCAKLIPDifference

Sharpe ratio

Return per unit of total volatility

2.07

-0.06

+2.13

Sortino ratio

Return per unit of downside risk

2.56

0.05

+2.51

Omega ratio

Gain probability vs. loss probability

1.38

1.01

+0.37

Calmar ratio

Return relative to maximum drawdown

3.34

-0.08

+3.42

Martin ratio

Return relative to average drawdown

15.08

-0.26

+15.34

FCA vs. KLIP - Sharpe Ratio Comparison

The current FCA Sharpe Ratio is 2.07, which is higher than the KLIP Sharpe Ratio of -0.06. The chart below compares the historical Sharpe Ratios of FCA and KLIP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


FCAKLIPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.07

-0.06

+2.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.36

Sharpe Ratio (All Time)

Calculated using the full available price history

0.13

0.35

-0.22

Correlation

The correlation between FCA and KLIP is 0.55, 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

FCA vs. KLIP - Dividend Comparison

FCA's dividend yield for the trailing twelve months is around 2.32%, less than KLIP's 28.24% yield.


TTM20252024202320222021202020192018201720162015
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%
KLIP
KraneShares China Internet and Covered Call Strategy ETF
28.24%25.14%54.26%61.22%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

FCA vs. KLIP - Drawdown Comparison

The maximum FCA drawdown since its inception was -45.56%, which is greater than KLIP's maximum drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for FCA and KLIP.


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Drawdown Indicators


FCAKLIPDifference

Max Drawdown

Largest peak-to-trough decline

-45.56%

-18.61%

-26.95%

Max Drawdown (1Y)

Largest decline over 1 year

-15.81%

-17.23%

+1.42%

Max Drawdown (5Y)

Largest decline over 5 years

-42.47%

Max Drawdown (10Y)

Largest decline over 10 years

-42.47%

Current Drawdown

Current decline from peak

-8.75%

-14.21%

+5.46%

Average Drawdown

Average peak-to-trough decline

-21.81%

-3.34%

-18.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.50%

5.18%

-1.68%

Volatility

FCA vs. KLIP - Volatility Comparison

First Trust China AlphaDEX Fund (FCA) has a higher volatility of 8.25% compared to KraneShares China Internet and Covered Call Strategy ETF (KLIP) at 7.16%. This indicates that FCA's price experiences larger fluctuations and is considered to be riskier than KLIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


FCAKLIPDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.25%

7.16%

+1.09%

Volatility (6M)

Calculated over the trailing 6-month period

16.57%

13.48%

+3.09%

Volatility (1Y)

Calculated over the trailing 1-year period

26.19%

19.76%

+6.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.43%

18.19%

+9.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.57%

18.19%

+8.38%