FDT vs. EPIN

Last updated Jul 14, 2026

FDT (First Trust Developed Markets ex-US AlphaDEX Fund) and EPIN (Harbor International Equity ETF) are both Foreign Large Cap Equities funds. FDT is passively managed, while EPIN is actively managed. Over the past year, FDT returned 34.70% vs 34.96% for EPIN. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.80% expense ratio.

Performance

FDT vs. EPIN - 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 Harbor International Equity ETF (EPIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDT achieves a 14.80% return, which is significantly lower than EPIN's 22.20% return.

FDT

• 1D: -2.43%
• 1M: -6.84%
• 6M: 8.73%
• YTD: 14.80%
• 1Y: 34.70%
• 3Y*: 23.70%
• 5Y*: 11.25%
• 10Y*: 10.02%

EPIN

• 1D: -2.07%
• 1M: 0.05%
• 6M: 15.50%
• YTD: 22.20%
• 1Y: 34.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDT vs. EPIN - Yearly Performance Comparison

	2026 (YTD)	2025
FDT First Trust Developed Markets ex-US AlphaDEX Fund	14.80%	23.08%
EPIN Harbor International Equity ETF	22.20%	14.36%

Correlation

The correlation between FDT and EPIN is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.85

The correlation between FDT and EPIN has been stable across timeframes, ranging from 0.85 to 0.85 - a consistent structural relationship.

FDT vs. EPIN - Sectors Allocation Comparison

Sectors	FDT	EPIN
Industrials	32.4%	20.4%
Technology	12.1%	34.1%
Consumer Cyclical	11.9%	6.1%
Financial Services	9.9%	17.7%
Basic Materials	9.4%	7.3%
Energy	7.9%	4.2%
Real Estate	5.0%	-
Utilities	4.8%	-
Communication Services	2.8%	1.2%
Consumer Defensive	2.5%	2.5%
Healthcare	1.3%	6.6%

Return for Risk

FDT vs. EPIN — Risk / Return Rank

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

FDT

FDT Risk / Return Rank: 64
FDT Sharpe Ratio Rank: 65
FDT Sortino Ratio Rank: 61
FDT Omega Ratio Rank: 67
FDT Calmar Ratio Rank: 66
FDT Martin Ratio Rank: 63

EPIN

EPIN Risk / Return Rank: 73
EPIN Sharpe Ratio Rank: 73
EPIN Sortino Ratio Rank: 70
EPIN Omega Ratio Rank: 72
EPIN Calmar Ratio Rank: 75
EPIN Martin Ratio Rank: 76

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. EPIN - 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 Harbor International Equity ETF (EPIN). 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	EPIN	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.85	-0.15
Sortino ratio: Return per unit of downside risk	2.27	2.54	-0.27
Omega ratio: Gain probability vs. loss probability	1.32	1.34	-0.02
Calmar ratio: Return relative to maximum drawdown	2.60	3.02	-0.42
Martin ratio: Return relative to average drawdown	8.93	11.18	-2.26

FDT vs. EPIN - Sharpe Ratio Comparison

The current FDT Sharpe Ratio is 1.70, which is comparable to the EPIN Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of FDT and EPIN, 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. EPIN - Drawdown Comparison

The maximum FDT drawdown since its inception was -46.10%, which is greater than EPIN's maximum drawdown of -11.64%. Use the drawdown chart below to compare losses from any high point for FDT and EPIN.

Drawdown Indicators

	FDT	EPIN	Difference
Max Drawdown Largest peak-to-trough decline	-46.10%	-11.64%	-34.46%
Max Drawdown (1Y) Largest decline over 1 year	-13.41%	-11.64%	-1.77%
Max Drawdown (3Y) Largest decline over 3 years	-14.29%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.80%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.10%	—	—
Current Drawdown Current decline from peak	-9.98%	-3.40%	-6.58%
Average Drawdown Average peak-to-trough decline	-10.73%	-1.82%	-8.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.90%	3.13%	+0.77%

Volatility

FDT vs. EPIN - Volatility Comparison

First Trust Developed Markets ex-US AlphaDEX Fund (FDT) has a higher volatility of 8.14% compared to Harbor International Equity ETF (EPIN) at 7.05%. This indicates that FDT's price experiences larger fluctuations and is considered to be riskier than EPIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDT	EPIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.14%	7.05%	+1.09%
Volatility (6M) Calculated over the trailing 6-month period	18.41%	16.91%	+1.50%
Volatility (1Y) Calculated over the trailing 1-year period	20.52%	19.02%	+1.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.61%	18.51%	+0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.53%	18.51%	+0.02%

FDT vs. EPIN - Expense Ratio Comparison

Both FDT and EPIN have an expense ratio of 0.80%.

Dividends

FDT vs. EPIN - Dividend Comparison

FDT's dividend yield for the trailing twelve months is around 2.91%, more than EPIN's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPIN Harbor International Equity ETF	0.65%	0.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FDT First Trust Developed Markets ex-US AlphaDEX Fund	2.91%	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 EPIN in my portfolio?

FDT and EPIN have a correlation of 0.85, 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 EPIN?

FDT has higher volatility (8.14%) compared to EPIN (7.05%). In terms of maximum drawdown, FDT dropped -46.10% vs EPIN's -11.64%.

Which ETF is better, FDT or EPIN?

On 1-year performance, EPIN leads with 34.96% vs 34.70% for FDT. Both ETFs have the same 0.80% expense ratio. On volatility, EPIN has been the lower-risk option at 7.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDT or EPIN?

Over the 1-year period, EPIN has performed better with a 34.96% return vs 34.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDT or EPIN?

FDT and EPIN have the same expense ratio: 0.80% per year.

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

FDT has the higher dividend yield at 2.91%, compared with 0.65% for EPIN.

What is the main difference between FDT and EPIN?

They also come from different issuers: First Trust and Harbor.

Which has better risk-adjusted returns?

EPIN currently has the higher Sharpe Ratio (1.85 vs 1.70), 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.