FDT vs. COLO

Last updated Jun 13, 2026

FDT (First Trust Developed Markets ex-US AlphaDEX Fund) and COLO (Global X MSCI Colombia ETF) are both exchange-traded funds - FDT is a Foreign Large Cap Equities fund tracking the NASDAQ AlphaDEX DM Ex-US Index, while COLO is a Latin America Equities fund tracking the MSCI All Colombia Select 25/50 Index. Both are passively managed. Over the past 10 years, FDT returned 11.17%/yr vs 7.08%/yr for COLO. A 0.54 correlation means they provide meaningful diversification when combined. FDT charges 0.80%/yr vs 0.62%/yr for COLO.

Performance

FDT vs. COLO - 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 Global X MSCI Colombia ETF (COLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FDT having a 23.23% return and COLO slightly higher at 23.32%. Over the past 10 years, FDT has outperformed COLO with an annualized return of 11.17%, while COLO has yielded a comparatively lower 7.08% annualized return.

FDT

• 1D: 0.21%
• 1M: -1.96%
• YTD: 23.23%
• 6M: 24.33%
• 1Y: 50.01%
• 3Y*: 27.84%
• 5Y*: 12.16%
• 10Y*: 11.17%

COLO

• 1D: 2.47%
• 1M: 19.46%
• YTD: 23.32%
• 6M: 22.17%
• 1Y: 61.40%
• 3Y*: 35.23%
• 5Y*: 16.00%
• 10Y*: 7.08%

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

FDT vs. COLO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDT First Trust Developed Markets ex-US AlphaDEX Fund	23.23%	52.21%	6.97%	15.03%	-19.51%	11.43%	4.29%	16.82%	-19.98%	34.42%
COLO Global X MSCI Colombia ETF	23.32%	68.88%	4.68%	24.92%	-21.32%	-11.50%	-14.60%	30.42%	-19.88%	11.88%

Correlation

The correlation between FDT and COLO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Apr 19, 2011	0.54

The correlation between FDT and COLO has been stable across timeframes, ranging from 0.45 to 0.54 - a consistent structural relationship.

FDT vs. COLO - Sectors Allocation Comparison

Sectors	FDT	COLO
Industrials	34.0%	2.4%
Consumer Cyclical	11.5%	1.5%
Financial Services	10.2%	39.3%
Basic Materials	9.6%	18.4%
Energy	9.2%	17.3%
Technology	8.1%	-
Real Estate	5.3%	-
Utilities	5.2%	17.7%
Consumer Defensive	2.8%	-
Communication Services	2.7%	3.4%
Healthcare	1.4%	-

Return for Risk

FDT vs. COLO — 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: 80
FDT Martin Ratio Rank: 82

COLO

COLO Risk / Return Rank: 80
COLO Sharpe Ratio Rank: 90
COLO Sortino Ratio Rank: 89
COLO Omega Ratio Rank: 86
COLO Calmar Ratio Rank: 76
COLO Martin Ratio Rank: 59

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. COLO - 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 Global X MSCI Colombia ETF (COLO). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FDT	COLO	Difference
Sharpe ratio: Return per unit of total volatility	2.54	2.67	-0.14
Sortino ratio: Return per unit of downside risk	3.27	3.59	-0.31
Omega ratio: Gain probability vs. loss probability	1.46	1.46	0.00
Calmar ratio: Return relative to maximum drawdown	3.70	3.46	+0.24
Martin ratio: Return relative to average drawdown	14.01	9.36	+4.65

FDT vs. COLO - Sharpe Ratio Comparison

The current FDT Sharpe Ratio is 2.54, which is comparable to the COLO Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of FDT and COLO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FDT vs. COLO - Drawdown Comparison

The maximum FDT drawdown since its inception was -46.10%, smaller than the maximum COLO drawdown of -78.91%. Use the drawdown chart below to compare losses from any high point for FDT and COLO.

Drawdown Indicators

	FDT	COLO	Difference
Max Drawdown Largest peak-to-trough decline	-46.10%	-78.91%	+32.81%
Max Drawdown (1Y) Largest decline over 1 year	-13.41%	-17.79%	+4.38%
Max Drawdown (3Y) Largest decline over 3 years	-14.29%	-18.35%	+4.06%
Max Drawdown (5Y) Largest decline over 5 years	-32.80%	-43.86%	+11.06%
Max Drawdown (10Y) Largest decline over 10 years	-46.10%	-62.75%	+16.65%
Current Drawdown Current decline from peak	-3.37%	-16.29%	+12.92%
Average Drawdown Average peak-to-trough decline	-10.76%	-40.28%	+29.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.54%	6.56%	-3.02%

Volatility

FDT vs. COLO - Volatility Comparison

The current volatility for First Trust Developed Markets ex-US AlphaDEX Fund (FDT) is 8.93%, while Global X MSCI Colombia ETF (COLO) has a volatility of 11.56%. This indicates that FDT experiences smaller price fluctuations and is considered to be less risky than COLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDT	COLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.93%	11.56%	-2.63%
Volatility (6M) Calculated over the trailing 6-month period	17.27%	20.33%	-3.06%
Volatility (1Y) Calculated over the trailing 1-year period	19.59%	23.03%	-3.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.46%	23.37%	-4.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.62%	25.47%	-6.85%

FDT vs. COLO - Expense Ratio Comparison

FDT has a 0.80% expense ratio, which is higher than COLO's 0.62% expense ratio.

Dividends

FDT vs. COLO - Dividend Comparison

FDT's dividend yield for the trailing twelve months is around 2.89%, less than COLO's 6.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COLO Global X MSCI Colombia ETF	6.09%	7.51%	6.08%	6.99%	12.55%	2.32%	3.23%	3.04%	3.03%	1.83%	1.48%	1.58%
FDT First Trust Developed Markets ex-US AlphaDEX Fund	2.89%	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 COLO in my portfolio?

FDT and COLO have a correlation of 0.45, 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 COLO?

COLO has higher volatility (11.56%) compared to FDT (8.93%). In terms of maximum drawdown, FDT dropped -46.10% vs COLO's -78.91%.

Which ETF is better, FDT or COLO?

On 10-year performance, FDT leads with 11.17% vs 7.08% for COLO. On fees, COLO is cheaper at 0.62% per year. On volatility, FDT has been the lower-risk option at 8.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDT or COLO?

Over the 10-year period, FDT has performed better with a 11.17% return vs 7.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDT or COLO?

COLO is cheaper with a 0.62% expense ratio, compared with 0.80% for FDT.

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

COLO has the higher dividend yield at 6.09%, compared with 2.89% for FDT.

What is the main difference between FDT and COLO?

FDT is categorized as Foreign Large Cap Equities, while COLO is Latin America Equities. FDT tracks NASDAQ AlphaDEX DM Ex-US Index, while COLO tracks MSCI All Colombia Select 25/50 Index. They also come from different issuers: First Trust and Global X. Their fees differ too: 0.80% for FDT and 0.62% for COLO.

Which has better risk-adjusted returns?

COLO currently has the higher Sharpe Ratio (2.67 vs 2.54), 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.