FDT vs. UYLD
FDT (First Trust Developed Markets ex-US AlphaDEX Fund) and UYLD (Angel Oak Ultrashort Income ETF) are both exchange-traded funds - FDT is a Foreign Large Cap Equities fund tracking the NASDAQ AlphaDEX DM Ex-US Index, while UYLD is a Ultrashort Bond fund actively managed by Angel Oak. FDT is passively managed, while UYLD is actively managed. Over the past 3 years, FDT returned 27.84%/yr vs 5.92%/yr for UYLD. At a 0.11 correlation, their price movements are largely independent. FDT charges 0.80%/yr vs 0.29%/yr for UYLD.
Performance
FDT vs. UYLD - Performance Comparison
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Returns By Period
In the year-to-date period, FDT achieves a 23.23% return, which is significantly higher than UYLD's 2.03% 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%
UYLD
- 1D
- 0.05%
- 1M
- 0.65%
- YTD
- 2.03%
- 6M
- 2.39%
- 1Y
- 5.12%
- 3Y*
- 5.92%
- 5Y*
- —
- 10Y*
- —
FDT vs. UYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FDT First Trust Developed Markets ex-US AlphaDEX Fund | 23.23% | 52.21% | 6.97% | 15.03% | 10.46% |
UYLD Angel Oak Ultrashort Income ETF | 2.03% | 5.36% | 6.10% | 6.90% | 1.09% |
Correlation
The correlation between FDT and UYLD is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2022 | 0.11 |
The correlation between FDT and UYLD shifts across timeframes, from 0.11 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FDT vs. UYLD — Risk / Return Rank
FDT
UYLD
FDT vs. UYLD - 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 Angel Oak Ultrashort Income ETF (UYLD). 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 | UYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.49 | ||
| Sortino ratioReturn per unit of downside risk | -18.79 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 4.49 | -3.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 37.30 | -33.60 |
| Martin ratioReturn relative to average drawdown | 14.01 | 226.63 | -212.62 |
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Drawdowns
FDT vs. UYLD - Drawdown Comparison
The maximum FDT drawdown since its inception was -46.10%, which is greater than UYLD's maximum drawdown of -0.54%. Use the drawdown chart below to compare losses from any high point for FDT and UYLD.
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Drawdown Indicators
| FDT | UYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.10% | -0.54% | -45.56% |
Max Drawdown (1Y)Largest decline over 1 year | -13.41% | -0.14% | -13.27% |
Max Drawdown (3Y)Largest decline over 3 years | -14.29% | -0.54% | -13.75% |
Max Drawdown (5Y)Largest decline over 5 years | -32.80% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.10% | — | — |
Current DrawdownCurrent decline from peak | -3.37% | 0.00% | -3.37% |
Average DrawdownAverage peak-to-trough decline | -10.76% | -0.03% | -10.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 0.02% | +3.52% |
Volatility
FDT vs. UYLD - Volatility Comparison
First Trust Developed Markets ex-US AlphaDEX Fund (FDT) has a higher volatility of 8.93% compared to Angel Oak Ultrashort Income ETF (UYLD) at 0.36%. This indicates that FDT's price experiences larger fluctuations and is considered to be riskier than UYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDT | UYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.93% | 0.36% | +8.57% |
Volatility (6M)Calculated over the trailing 6-month period | 17.27% | 0.50% | +16.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.59% | 0.64% | +18.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.46% | 1.00% | +17.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.62% | 1.00% | +17.62% |
FDT vs. UYLD - Expense Ratio Comparison
FDT has a 0.80% expense ratio, which is higher than UYLD's 0.29% expense ratio.
Dividends
FDT vs. UYLD - Dividend Comparison
FDT's dividend yield for the trailing twelve months is around 2.89%, less than UYLD's 5.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UYLD Angel Oak Ultrashort Income ETF | 5.03% | 5.07% | 4.97% | 5.92% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FDT and UYLD have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDT has higher volatility (8.93%) compared to UYLD (0.36%). In terms of maximum drawdown, FDT dropped -46.10% vs UYLD's -0.54%.
On 3-year performance, FDT leads with 27.84% vs 5.92% for UYLD. On fees, UYLD is cheaper at 0.29% per year. On volatility, UYLD has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FDT has performed better with a 27.84% return vs 5.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UYLD is cheaper with a 0.29% expense ratio, compared with 0.80% for FDT.
UYLD has the higher dividend yield at 5.03%, compared with 2.89% for FDT.
FDT is categorized as Foreign Large Cap Equities, while UYLD is Ultrashort Bond. They also come from different issuers: First Trust and Angel Oak. Their fees differ too: 0.80% for FDT and 0.29% for UYLD.
UYLD currently has the higher Sharpe Ratio (8.03 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.
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