FDT vs. CIL

Last updated Jun 4, 2026

FDT (First Trust Developed Markets ex-US AlphaDEX Fund) and CIL (VictoryShares International Volatility Wtd ETF) are both Foreign Large Cap Equities funds - FDT tracks the NASDAQ AlphaDEX DM Ex-US Index while CIL tracks the Nasdaq Victory International 500 Volatility Weighted Index. Both are passively managed. Over the past 10 years, FDT returned 10.91%/yr vs 8.21%/yr for CIL. A 0.69 correlation means they provide meaningful diversification when combined. FDT charges 0.80%/yr vs 0.45%/yr for CIL.

Performance

FDT vs. CIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Developed Markets ex-US AlphaDEX Fund (FDT) and VictoryShares International Volatility Wtd ETF (CIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDT achieves a 25.50% return, which is significantly higher than CIL's 5.44% return. Over the past 10 years, FDT has outperformed CIL with an annualized return of 10.91%, while CIL has yielded a comparatively lower 8.21% annualized return.

FDT

• 1D: -0.64%
• 1M: 5.22%
• YTD: 25.50%
• 6M: 28.63%
• 1Y: 55.05%
• 3Y*: 30.08%
• 5Y*: 12.55%
• 10Y*: 10.91%

CIL

• 1D: 0.00%
• 1M: 0.00%
• YTD: 5.44%
• 6M: 7.94%
• 1Y: 17.37%
• 3Y*: 15.59%
• 5Y*: 7.45%
• 10Y*: 8.21%

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

FDT vs. CIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDT First Trust Developed Markets ex-US AlphaDEX Fund	25.50%	52.21%	6.97%	15.03%	-19.51%	11.43%	4.29%	16.82%	-19.98%	34.42%
CIL VictoryShares International Volatility Wtd ETF	5.44%	32.99%	3.76%	16.29%	-16.00%	11.07%	7.21%	19.13%	-13.34%	27.67%

Correlation

The correlation between FDT and CIL is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Aug 21, 2015	0.69

The correlation between FDT and CIL shifts across timeframes, from 0.60 (1 year) to 0.78 (3 years), reflecting how their relationship changes across market environments.

FDT vs. CIL - Sectors Allocation Comparison

Sectors	FDT	CIL
Industrials	34.0%	18.4%
Consumer Cyclical	11.5%	8.2%
Financial Services	10.2%	24.8%
Basic Materials	9.6%	6.6%
Energy	9.2%	4.6%
Technology	8.1%	6.4%
Real Estate	5.3%	2.2%
Utilities	5.2%	6.6%
Consumer Defensive	2.8%	8.8%
Communication Services	2.7%	5.8%
Healthcare	1.4%	7.7%

Return for Risk

FDT vs. CIL — Risk / Return Rank

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

FDT

FDT Risk / Return Rank: 84
FDT Sharpe Ratio Rank: 88
FDT Sortino Ratio Rank: 84
FDT Omega Ratio Rank: 86
FDT Calmar Ratio Rank: 79
FDT Martin Ratio Rank: 81

CIL

CIL Risk / Return Rank: 76
CIL Sharpe Ratio Rank: 68
CIL Sortino Ratio Rank: 70
CIL Omega Ratio Rank: 81
CIL Calmar Ratio Rank: 78
CIL Martin Ratio Rank: 83

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.

FDT vs. CIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Developed Markets ex-US AlphaDEX Fund (FDT) and VictoryShares International Volatility Wtd ETF (CIL). 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.

	FDT	CIL	Difference
Sharpe ratio: Return per unit of total volatility	3.00	2.24	+0.77
Sortino ratio: Return per unit of downside risk	3.85	3.22	+0.63
Omega ratio: Gain probability vs. loss probability	1.54	1.49	+0.05
Calmar ratio: Return relative to maximum drawdown	4.13	3.95	+0.18
Martin ratio: Return relative to average drawdown	16.12	16.75	-0.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDT vs. CIL - Sharpe Ratio Comparison

The current FDT Sharpe Ratio is 3.00, which is higher than the CIL Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of FDT and CIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FDT	CIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.00	2.24	+0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.46	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.48	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.43	-0.04

Drawdowns

FDT vs. CIL - Drawdown Comparison

The maximum FDT drawdown since its inception was -46.10%, which is greater than CIL's maximum drawdown of -36.27%. Use the drawdown chart below to compare losses from any high point for FDT and CIL.

Drawdown Indicators

	FDT	CIL	Difference
Max Drawdown Largest peak-to-trough decline	-46.10%	-36.27%	-9.83%
Max Drawdown (1Y) Largest decline over 1 year	-13.41%	-4.60%	-8.81%
Max Drawdown (3Y) Largest decline over 3 years	-14.29%	-11.96%	-2.33%
Max Drawdown (5Y) Largest decline over 5 years	-33.18%	-29.89%	-3.29%
Max Drawdown (10Y) Largest decline over 10 years	-46.10%	-36.27%	-9.83%
Current Drawdown Current decline from peak	-1.59%	-0.58%	-1.01%
Average Drawdown Average peak-to-trough decline	-10.78%	-6.56%	-4.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.43%	1.07%	+2.36%

Volatility

FDT vs. CIL - Volatility Comparison

First Trust Developed Markets ex-US AlphaDEX Fund (FDT) has a higher volatility of 7.23% compared to VictoryShares International Volatility Wtd ETF (CIL) at 0.00%. This indicates that FDT's price experiences larger fluctuations and is considered to be riskier than CIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDT	CIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.23%	0.00%	+7.23%
Volatility (6M) Calculated over the trailing 6-month period	15.91%	4.23%	+11.68%
Volatility (1Y) Calculated over the trailing 1-year period	18.42%	8.19%	+10.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.23%	16.49%	+1.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.52%	17.17%	+1.35%

FDT vs. CIL - Expense Ratio Comparison

FDT has a 0.80% expense ratio, which is higher than CIL's 0.45% expense ratio.

Dividends

FDT vs. CIL - Dividend Comparison

FDT's dividend yield for the trailing twelve months is around 2.84%, more than CIL's 1.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIL VictoryShares International Volatility Wtd ETF	1.67%	2.70%	3.46%	2.91%	2.41%	3.04%	1.73%	2.69%	2.85%	2.17%	2.34%	0.43%
FDT First Trust Developed Markets ex-US AlphaDEX Fund	2.84%	3.27%	3.89%	4.36%	2.29%	3.80%	2.42%	2.78%	2.13%	1.57%	1.76%	1.83%

Frequently Asked Questions

Can I hold both FDT and CIL in my portfolio?

FDT and CIL have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDT or CIL?

FDT has higher volatility (7.23%) compared to CIL (0.00%). In terms of maximum drawdown, FDT dropped -46.10% vs CIL's -36.27%.

Which ETF is better, FDT or CIL?

On 10-year performance, FDT leads with 10.91% vs 8.21% for CIL. On fees, CIL is cheaper at 0.45% per year. On volatility, CIL has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDT or CIL?

Over the 10-year period, FDT has performed better with a 10.91% return vs 8.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDT or CIL?

CIL is cheaper with a 0.45% expense ratio, compared with 0.80% for FDT.

Which ETF pays a higher dividend yield, FDT or CIL?

FDT has the higher dividend yield at 2.84%, compared with 1.67% for CIL.

What is the main difference between FDT and CIL?

FDT tracks NASDAQ AlphaDEX DM Ex-US Index, while CIL tracks Nasdaq Victory International 500 Volatility Weighted Index. They also come from different issuers: First Trust and Crestview. Their fees differ too: 0.80% for FDT and 0.45% for CIL.

Which has better risk-adjusted returns?

FDT currently has the higher Sharpe Ratio (3.00 vs 2.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.