FDTS vs. EICIX

Last updated Jun 14, 2026

FDTS (First Trust Developed Markets ex-US Small Cap AlphaDEX Fund) and EICIX (EIC Value Fund) are both funds - FDTS is a Foreign Small & Mid Cap Equities fund tracking the NASDAQ AlphaDEX DM Ex-US Small Cap Index, while EICIX is a Large Cap Value Equities fund managed by Equity Investment Corp. Over the past 10 years, FDTS returned 10.96%/yr vs 11.48%/yr for EICIX. At a 0.38 correlation, their price movements are largely independent. FDTS charges 0.80%/yr vs 0.95%/yr for EICIX.

Performance

FDTS vs. EICIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Developed Markets ex-US Small Cap AlphaDEX Fund (FDTS) and EIC Value Fund (EICIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDTS achieves a 18.78% return, which is significantly higher than EICIX's 5.81% return. Both investments have delivered pretty close results over the past 10 years, with FDTS having a 10.96% annualized return and EICIX not far ahead at 11.48%.

FDTS

• 1D: -0.17%
• 1M: -2.15%
• YTD: 18.78%
• 6M: 20.77%
• 1Y: 44.72%
• 3Y*: 24.70%
• 5Y*: 10.78%
• 10Y*: 10.96%

EICIX

• 1D: 0.80%
• 1M: 4.47%
• YTD: 5.81%
• 6M: 4.81%
• 1Y: 13.57%
• 3Y*: 15.33%
• 5Y*: 10.21%
• 10Y*: 11.48%

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

FDTS vs. EICIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund	18.78%	51.17%	2.44%	10.96%	-15.34%	11.79%	12.90%	18.71%	-23.71%	36.01%
EICIX EIC Value Fund	5.81%	16.01%	11.55%	12.91%	0.90%	30.08%	4.27%	22.64%	-7.80%	14.42%

Correlation

The correlation between FDTS and EICIX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Feb 16, 2012	0.38

The correlation between FDTS and EICIX shifts across timeframes, from 0.38 (all time) to 0.49 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FDTS vs. EICIX — Risk / Return Rank

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

FDTS

FDTS Risk / Return Rank: 79
FDTS Sharpe Ratio Rank: 84
FDTS Sortino Ratio Rank: 81
FDTS Omega Ratio Rank: 81
FDTS Calmar Ratio Rank: 76
FDTS Martin Ratio Rank: 72

EICIX

EICIX Risk / Return Rank: 23
EICIX Sharpe Ratio Rank: 24
EICIX Sortino Ratio Rank: 25
EICIX Omega Ratio Rank: 22
EICIX Calmar Ratio Rank: 26
EICIX Martin Ratio Rank: 18

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.

FDTS vs. EICIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Developed Markets ex-US Small Cap AlphaDEX Fund (FDTS) and EIC Value Fund (EICIX). 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.

	FDTS	EICIX	Difference
Sharpe ratio: Return per unit of total volatility	2.37	1.14	+1.23
Sortino ratio: Return per unit of downside risk	3.15	1.71	+1.44
Omega ratio: Gain probability vs. loss probability	1.42	1.20	+0.22
Calmar ratio: Return relative to maximum drawdown	3.43	1.54	+1.89
Martin ratio: Return relative to average drawdown	11.78	3.81	+7.97

FDTS vs. EICIX - Sharpe Ratio Comparison

The current FDTS Sharpe Ratio is 2.37, which is higher than the EICIX Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of FDTS and EICIX, 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

FDTS vs. EICIX - Drawdown Comparison

The maximum FDTS drawdown since its inception was -51.26%, which is greater than EICIX's maximum drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for FDTS and EICIX.

Drawdown Indicators

	FDTS	EICIX	Difference
Max Drawdown Largest peak-to-trough decline	-51.26%	-34.26%	-17.00%
Max Drawdown (1Y) Largest decline over 1 year	-12.61%	-8.55%	-4.06%
Max Drawdown (3Y) Largest decline over 3 years	-13.19%	-11.10%	-2.09%
Max Drawdown (5Y) Largest decline over 5 years	-33.11%	-17.36%	-15.75%
Max Drawdown (10Y) Largest decline over 10 years	-51.26%	-34.26%	-17.00%
Current Drawdown Current decline from peak	-4.77%	-3.66%	-1.11%
Average Drawdown Average peak-to-trough decline	-10.64%	-3.41%	-7.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.66%	3.39%	+0.27%

Volatility

FDTS vs. EICIX - Volatility Comparison

First Trust Developed Markets ex-US Small Cap AlphaDEX Fund (FDTS) has a higher volatility of 8.44% compared to EIC Value Fund (EICIX) at 2.99%. This indicates that FDTS's price experiences larger fluctuations and is considered to be riskier than EICIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDTS	EICIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.44%	2.99%	+5.45%
Volatility (6M) Calculated over the trailing 6-month period	15.54%	8.16%	+7.38%
Volatility (1Y) Calculated over the trailing 1-year period	18.27%	11.55%	+6.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.42%	14.59%	+14.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.92%	16.27%	+8.65%

FDTS vs. EICIX - Expense Ratio Comparison

FDTS has a 0.80% expense ratio, which is lower than EICIX's 0.95% expense ratio.

Dividends

FDTS vs. EICIX - Dividend Comparison

FDTS's dividend yield for the trailing twelve months is around 2.53%, less than EICIX's 8.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EICIX EIC Value Fund	8.46%	8.95%	9.47%	4.09%	6.07%	11.14%	6.05%	7.71%	10.82%	8.51%	2.03%	3.42%
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund	2.53%	2.94%	3.94%	2.90%	3.71%	3.01%	2.02%	2.30%	1.96%	2.08%	1.78%	1.73%

Frequently Asked Questions

Can I hold both FDTS and EICIX in my portfolio?

FDTS and EICIX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDTS or EICIX?

FDTS has higher volatility (8.44%) compared to EICIX (2.99%). In terms of maximum drawdown, FDTS dropped -51.26% vs EICIX's -34.26%.

Which has better risk-adjusted returns?

FDTS currently has the higher Sharpe Ratio (2.37 vs 1.14), 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.