FEMD vs. FAB
FEMD (First Eagle Mid Cap Equity ETF) and FAB (First Trust Multi Cap Value AlphaDEX Fund) are both Mid Cap Value Equities funds. FEMD is actively managed, while FAB is passively managed. A 0.73 correlation means they provide meaningful diversification when combined. FEMD charges 0.55%/yr vs 0.64%/yr for FAB.
Performance
FEMD vs. FAB - Performance Comparison
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Returns By Period
FEMD
- 1D
- 0.74%
- 1M
- 4.55%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FAB
- 1D
- 0.98%
- 1M
- 2.98%
- YTD
- 13.86%
- 6M
- 12.69%
- 1Y
- 26.94%
- 3Y*
- 16.02%
- 5Y*
- 9.05%
- 10Y*
- 11.19%
FEMD vs. FAB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FEMD First Eagle Mid Cap Equity ETF | 7.15% |
FAB First Trust Multi Cap Value AlphaDEX Fund | 8.59% |
Correlation
The correlation between FEMD and FAB is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 27, 2026 | 0.73 |
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Return for Risk
FEMD vs. FAB — Risk / Return Rank
FEMD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FAB
FEMD vs. FAB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Eagle Mid Cap Equity ETF (FEMD) and First Trust Multi Cap Value AlphaDEX Fund (FAB). 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.
| FEMD | FAB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.07 | — |
| Martin ratioReturn relative to average drawdown | — | 12.60 | — |
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Drawdowns
FEMD vs. FAB - Drawdown Comparison
The maximum FEMD drawdown since its inception was -11.51%, smaller than the maximum FAB drawdown of -63.29%. Use the drawdown chart below to compare losses from any high point for FEMD and FAB.
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Drawdown Indicators
| FEMD | FAB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.51% | -63.29% | +51.78% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.65% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.91% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.08% | — |
Current DrawdownCurrent decline from peak | -1.37% | -0.41% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -9.23% | +6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.15% | — |
Volatility
FEMD vs. FAB - Volatility Comparison
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Volatility by Period
| FEMD | FAB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.35% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.74% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.78% | 13.84% | +6.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.78% | 18.67% | +2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.78% | 22.02% | -1.24% |
FEMD vs. FAB - Expense Ratio Comparison
FEMD has a 0.55% expense ratio, which is lower than FAB's 0.64% expense ratio.
Dividends
FEMD vs. FAB - Dividend Comparison
FEMD has not paid dividends to shareholders, while FAB's dividend yield for the trailing twelve months is around 1.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAB First Trust Multi Cap Value AlphaDEX Fund | 1.55% | 1.57% | 2.00% | 1.94% | 1.80% | 1.32% | 1.59% | 1.75% | 1.96% | 1.42% | 1.40% | 1.62% |
FEMD First Eagle Mid Cap Equity ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FEMD and FAB have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FEMD is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FEMD is cheaper with a 0.55% expense ratio, compared with 0.64% for FAB.
FAB has the higher dividend yield at 1.55%, compared with 0.00% for FEMD.
They also come from different issuers: First Eagle and First Trust. Their fees differ too: 0.55% for FEMD and 0.64% for FAB.
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