FDTS vs. XME

Last updated Aug 2, 2026

FDTS (First Trust Developed Markets ex-US Small Cap AlphaDEX Fund) and XME (SPDR S&P Metals & Mining ETF) are both exchange-traded funds - FDTS is a Foreign Small & Mid Cap Equities fund tracking the NASDAQ AlphaDEX DM Ex-US Small Cap Index, while XME is a Materials fund tracking the S&P Metals & Mining Select Industry Index. Both are passively managed. Over the past 10 years, FDTS returned 9.73%/yr vs 14.85%/yr for XME. Their 0.37 correlation means their historical movements had little consistent relationship. FDTS charges 0.80%/yr vs 0.35%/yr for XME.

Performance

FDTS vs. XME - 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 SPDR S&P Metals & Mining ETF (XME). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDTS achieves a 11.77% return, which is significantly higher than XME's -2.73% return. Over the past 10 years, FDTS has underperformed XME with an annualized return of 9.73%, while XME has yielded a comparatively higher 14.85% annualized return.

FDTS

• 1D: -0.53%
• 1M: -1.48%
• 6M: 0.95%
• YTD: 11.77%
• 1Y: 29.98%
• 3Y*: 20.85%
• 5Y*: 9.46%
• 10Y*: 9.73%
• ALL TIME*: 8.08%

XME

• 1D: -1.19%
• 1M: -4.26%
• 6M: -15.11%
• YTD: -2.73%
• 1Y: 39.51%
• 3Y*: 24.33%
• 5Y*: 18.53%
• 10Y*: 14.85%
• ALL TIME*: 5.47%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund	$93.03K	$58.54K	$79.83K
XME SPDR S&P Metals & Mining ETF	$205.06M	$204.83M	$245.34M

FDTS vs. XME - 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	11.77%	51.17%	2.44%	10.96%	-15.34%	11.79%	12.90%	18.71%	-23.71%	36.01%
XME SPDR S&P Metals & Mining ETF	-2.73%	83.47%	-4.54%	21.51%	13.13%	34.92%	15.95%	14.69%	-26.78%	21.17%

Correlation

The correlation between FDTS and XME is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.59
Correlation (3Y) Balances recent behavior with more history.	0.57
Correlation (5Y) Shows whether the relationship held over a longer period.	0.53
Correlation (10Y) Provides a long-term view across more market conditions.	0.42
Correlation (All Time) Calculated using the full available price history since Feb 16, 2012	0.37

Over the past year, FDTS and XME have become more correlated (0.59) than their long-term average of 0.37, meaning their price movements have been converging.

FDTS vs. XME - Sectors Allocation Comparison

Sectors	FDTS	XME
Industrials	22.1%	0.4%
Consumer Cyclical	19.2%	-
Technology	14.5%	2.2%
Financial Services	12.3%	-
Basic Materials	10.5%	75.3%
Consumer Defensive	4.9%	0.8%
Real Estate	4.5%	-
Energy	3.8%	23.5%
Communication Services	3.0%	-
Healthcare	2.7%	-
Utilities	2.6%	-

Return for Risk

FDTS vs. XME — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FDTS

FDTS Risk / Return Rank: 62
FDTS Sharpe Ratio Rank: 67
FDTS Sortino Ratio Rank: 65
FDTS Omega Ratio Rank: 66
FDTS Calmar Ratio Rank: 64
FDTS Martin Ratio Rank: 51

XME

XME Risk / Return Rank: 39
XME Sharpe Ratio Rank: 42
XME Sortino Ratio Rank: 41
XME Omega Ratio Rank: 40
XME Calmar Ratio Rank: 41
XME Martin Ratio Rank: 34

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FDTS vs. XME - 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 SPDR S&P Metals & Mining ETF (XME). 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	XME	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.03	+0.50
Sortino ratio: Return per unit of downside risk	2.14	1.52	+0.62
Omega ratio: Gain probability vs. loss probability	1.28	1.19	+0.09
Calmar ratio: Return relative to maximum drawdown	2.25	1.43	+0.82
Martin ratio: Return relative to average drawdown	5.98	3.22	+2.76

FDTS vs. XME - Sharpe Ratio Comparison

The current FDTS Sharpe Ratio is 1.53, which is higher than the XME Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of FDTS and XME, 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. XME - Drawdown Comparison

The maximum FDTS drawdown since its inception was -51.26%, smaller than the maximum XME drawdown of -85.89%. Use the drawdown chart below to compare losses from any high point for FDTS and XME.

Drawdown Indicators

	FDTS	XME	Difference
Max Drawdown Largest peak-to-trough decline	-51.26%	-85.89%	+34.63%
Max Drawdown (1Y) Largest decline over 1 year	-13.11%	-26.49%	+13.38%
Max Drawdown (3Y) Largest decline over 3 years	-13.19%	-30.47%	+17.28%
Max Drawdown (5Y) Largest decline over 5 years	-33.11%	-37.27%	+4.16%
Max Drawdown (10Y) Largest decline over 10 years	-51.26%	-61.69%	+10.43%
Current Drawdown Current decline from peak	-10.39%	-24.17%	+13.78%
Average Drawdown Average peak-to-trough decline	-10.63%	-43.93%	+33.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.92%	11.77%	-6.85%

Volatility

FDTS vs. XME - Volatility Comparison

The current volatility for First Trust Developed Markets ex-US Small Cap AlphaDEX Fund (FDTS) is 6.58%, while SPDR S&P Metals & Mining ETF (XME) has a volatility of 10.33%. This indicates that FDTS experiences smaller price fluctuations and is considered to be less risky than XME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDTS	XME	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.58%	10.33%	-3.75%
Volatility (6M) Calculated over the trailing 6-month period	16.89%	28.52%	-11.63%
Volatility (1Y) Calculated over the trailing 1-year period	19.33%	36.88%	-17.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.53%	32.70%	-3.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.88%	32.88%	-8.00%

FDTS vs. XME - Expense Ratio Comparison

FDTS has a 0.80% expense ratio, which is higher than XME's 0.35% expense ratio.

Dividends

FDTS vs. XME - Dividend Comparison

FDTS's dividend yield for the trailing twelve months is around 2.92%, more than XME's 0.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund	2.92%	2.94%	3.94%	2.90%	3.71%	3.01%	2.02%	2.30%	1.96%	2.08%	1.78%	1.73%
XME SPDR S&P Metals & Mining ETF	0.37%	0.38%	0.65%	1.00%	1.64%	0.70%	0.99%	2.43%	2.23%	1.15%	1.02%	2.61%

Frequently Asked Questions

Can I hold both FDTS and XME in my portfolio?

FDTS and XME have a correlation of 0.59, 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 XME?

XME has higher volatility (10.33%) compared to FDTS (6.58%). In terms of maximum drawdown, FDTS dropped -51.26% vs XME's -85.89%.

Which ETF is better, FDTS or XME?

On 10-year performance, XME leads with 14.85% vs 9.73% for FDTS. On fees, XME is cheaper at 0.35% per year. On volatility, FDTS has been the lower-risk option at 6.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDTS or XME?

Over the 10-year period, XME has performed better with a 14.85% return vs 9.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDTS or XME?

XME is cheaper with a 0.35% expense ratio, compared with 0.80% for FDTS.

Which ETF pays a higher dividend yield, FDTS or XME?

FDTS has the higher dividend yield at 2.92%, compared with 0.37% for XME.

What is the main difference between FDTS and XME?

FDTS is categorized as Foreign Small & Mid Cap Equities, while XME is Materials. FDTS tracks NASDAQ AlphaDEX DM Ex-US Small Cap Index, while XME tracks S&P Metals & Mining Select Industry Index. They also come from different issuers: First Trust and State Street. Their fees differ too: 0.80% for FDTS and 0.35% for XME.

Which has better risk-adjusted returns?

FDTS currently has the higher Sharpe Ratio (1.52 vs 1.03), 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.