FDIQ vs. FXO

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco Bloomberg Financial Data Providers ETF (FDIQ) and First Trust Financials AlphaDEX Fund (FXO).

FDIQ and FXO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDIQ is a passively managed fund by Invesco that tracks the performance of the Bloomberg Financial Data Providers Index. It was launched on Nov 1, 2011. FXO is a passively managed fund by First Trust that tracks the performance of the StrataQuant Financials Index. It was launched on May 8, 2007. Both FDIQ and FXO 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

FDIQ vs. FXO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Bloomberg Financial Data Providers ETF (FDIQ) and First Trust Financials AlphaDEX Fund (FXO). The values are adjusted to include any dividend payments, if applicable.

FDIQ vs. FXO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDIQ Invesco Bloomberg Financial Data Providers ETF	11.45%	6.32%	12.76%	-0.84%	-7.23%	36.05%	-8.95%	23.57%	-18.31%	1.81%
FXO First Trust Financials AlphaDEX Fund	-6.11%	13.59%	27.72%	9.28%	-9.24%	37.76%	5.95%	26.31%	-11.72%	17.88%

Returns By Period

In the year-to-date period, FDIQ achieves a 11.45% return, which is significantly higher than FXO's -6.11% return. Over the past 10 years, FDIQ has underperformed FXO with an annualized return of 8.58%, while FXO has yielded a comparatively higher 12.05% annualized return.

FDIQ

• 1D: 1.80%
• 1M: -5.59%
• YTD: 11.45%
• 6M: 14.36%
• 1Y: 25.32%
• 3Y*: 17.52%
• 5Y*: 5.11%
• 10Y*: 8.58%

FXO

• 1D: 2.29%
• 1M: -3.88%
• YTD: -6.11%
• 6M: -4.03%
• 1Y: 8.41%
• 3Y*: 17.53%
• 5Y*: 8.60%
• 10Y*: 12.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FDIQ vs. FXO - Expense Ratio Comparison

FDIQ has a 0.35% expense ratio, which is lower than FXO's 0.62% expense ratio.

FXO

First Trust Financials AlphaDEX Fund

FDIQ

Invesco Bloomberg Financial Data Providers ETF

Return for Risk

FDIQ vs. FXO — Risk / Return Rank

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

FDIQ

FDIQ Risk / Return Rank: 55
FDIQ Sharpe Ratio Rank: 49
FDIQ Sortino Ratio Rank: 50
FDIQ Omega Ratio Rank: 50
FDIQ Calmar Ratio Rank: 71
FDIQ Martin Ratio Rank: 54

FXO

FXO Risk / Return Rank: 25
FXO Sharpe Ratio Rank: 24
FXO Sortino Ratio Rank: 24
FXO Omega Ratio Rank: 25
FXO Calmar Ratio Rank: 27
FXO Martin Ratio Rank: 27

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.

FDIQ vs. FXO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Financial Data Providers ETF (FDIQ) and First Trust Financials AlphaDEX Fund (FXO). 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.

	FDIQ	FXO	Difference
Sharpe ratio Return per unit of total volatility	0.92	0.40	+0.53
Sortino ratio Return per unit of downside risk	1.38	0.67	+0.71
Omega ratio Gain probability vs. loss probability	1.20	1.10	+0.10
Calmar ratio Return relative to maximum drawdown	1.86	0.63	+1.23
Martin ratio Return relative to average drawdown	5.45	2.14	+3.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDIQ vs. FXO - Sharpe Ratio Comparison

The current FDIQ Sharpe Ratio is 0.92, which is higher than the FXO Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of FDIQ and FXO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FDIQ	FXO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.92	0.40	+0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.39	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	0.50	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.30	+0.08

Correlation

The correlation between FDIQ and FXO is 0.84, 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.

Dividends

FDIQ vs. FXO - Dividend Comparison

FDIQ's dividend yield for the trailing twelve months is around 2.52%, more than FXO's 2.30% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDIQ Invesco Bloomberg Financial Data Providers ETF	2.52%	2.66%	2.69%	2.89%	2.51%	2.04%	2.92%	2.44%	2.45%	1.59%	1.50%	1.92%
FXO First Trust Financials AlphaDEX Fund	2.30%	1.78%	1.97%	2.98%	2.49%	1.91%	2.60%	1.72%	2.60%	1.62%	1.35%	1.51%

Drawdowns

FDIQ vs. FXO - Drawdown Comparison

The maximum FDIQ drawdown since its inception was -52.86%, smaller than the maximum FXO drawdown of -71.30%. Use the drawdown chart below to compare losses from any high point for FDIQ and FXO.

Drawdown Indicators

	FDIQ	FXO	Difference
Max Drawdown Largest peak-to-trough decline	-52.86%	-71.30%	+18.44%
Max Drawdown (1Y) Largest decline over 1 year	-14.15%	-14.67%	+0.52%
Max Drawdown (5Y) Largest decline over 5 years	-42.99%	-28.80%	-14.19%
Max Drawdown (10Y) Largest decline over 10 years	-52.86%	-48.55%	-4.31%
Current Drawdown Current decline from peak	-7.08%	-8.92%	+1.84%
Average Drawdown Average peak-to-trough decline	-11.64%	-13.20%	+1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.84%	4.31%	+0.53%

Volatility

FDIQ vs. FXO - Volatility Comparison

Invesco Bloomberg Financial Data Providers ETF (FDIQ) has a higher volatility of 5.91% compared to First Trust Financials AlphaDEX Fund (FXO) at 4.99%. This indicates that FDIQ's price experiences larger fluctuations and is considered to be riskier than FXO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDIQ	FXO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.91%	4.99%	+0.92%
Volatility (6M) Calculated over the trailing 6-month period	17.49%	12.11%	+5.38%
Volatility (1Y) Calculated over the trailing 1-year period	27.55%	21.32%	+6.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.94%	22.03%	+6.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.21%	24.13%	+7.08%