FCA vs. SMIN
Compare and contrast key facts about First Trust China AlphaDEX Fund (FCA) and iShares MSCI India Small-Cap ETF (SMIN).
FCA and SMIN 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. SMIN is a passively managed fund by iShares that tracks the performance of the MSCI India Small Cap Index. It was launched on Feb 8, 2012. Both FCA and SMIN 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 SMIN.
Key characteristics
| FCA | SMIN | |
|---|---|---|
| YTD Return | 14.93% | 16.98% |
| 1Y Return | 18.63% | 28.55% |
| 3Y Return (Ann) | -5.02% | 9.76% |
| 5Y Return (Ann) | 0.87% | 19.03% |
| 10Y Return (Ann) | 2.91% | 10.30% |
| Sharpe Ratio | 0.56 | 1.56 |
| Sortino Ratio | 0.98 | 1.93 |
| Omega Ratio | 1.13 | 1.30 |
| Calmar Ratio | 0.41 | 2.65 |
| Martin Ratio | 2.11 | 9.62 |
| Ulcer Index | 8.18% | 2.91% |
| Daily Std Dev | 31.12% | 17.92% |
| Max Drawdown | -45.55% | -60.50% |
| Current Drawdown | -26.85% | -6.13% |
Correlation
The correlation between FCA and SMIN is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FCA vs. SMIN - Performance Comparison
In the year-to-date period, FCA achieves a 14.93% return, which is significantly lower than SMIN's 16.98% return. Over the past 10 years, FCA has underperformed SMIN with an annualized return of 2.91%, while SMIN has yielded a comparatively higher 10.30% 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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FCA vs. SMIN - Expense Ratio Comparison
FCA has a 0.80% expense ratio, which is higher than SMIN's 0.76% expense ratio.
Risk-Adjusted Performance
FCA vs. SMIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust China AlphaDEX Fund (FCA) and iShares MSCI India Small-Cap ETF (SMIN). 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. SMIN - Dividend Comparison
FCA's dividend yield for the trailing twelve months is around 5.44%, more than SMIN's 0.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCA First Trust China AlphaDEX Fund | 5.44% | 5.71% | 6.00% | 4.91% | 4.12% | 3.73% | 3.10% | 2.30% | 2.51% | 4.13% | 2.47% | 2.86% |
SMIN iShares MSCI India Small-Cap ETF | 0.30% | 0.41% | 0.01% | 1.27% | 1.07% | 1.74% | 1.68% | 0.89% | 2.30% | 0.93% | 0.34% | 0.75% |
Drawdowns
FCA vs. SMIN - Drawdown Comparison
The maximum FCA drawdown since its inception was -45.55%, smaller than the maximum SMIN drawdown of -60.50%. Use the drawdown chart below to compare losses from any high point for FCA and SMIN. For additional features, visit the drawdowns tool.
Volatility
FCA vs. SMIN - Volatility Comparison
First Trust China AlphaDEX Fund (FCA) has a higher volatility of 9.96% compared to iShares MSCI India Small-Cap ETF (SMIN) at 5.48%. This indicates that FCA's price experiences larger fluctuations and is considered to be riskier than SMIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.