FEMS vs. EWX
Compare and contrast key facts about First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) and SPDR S&P Emerging Markets Small Cap ETF (EWX).
FEMS and EWX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FEMS is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX EM Small Cap Index. It was launched on Feb 15, 2012. EWX is a passively managed fund by State Street that tracks the performance of the S&P Emerging Markets Under USD2 Billion Index. It was launched on May 12, 2008. Both FEMS and EWX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEMS or EWX.
Performance
FEMS vs. EWX - Performance Comparison
Returns By Period
In the year-to-date period, FEMS achieves a 3.06% return, which is significantly lower than EWX's 7.52% return. Both investments have delivered pretty close results over the past 10 years, with FEMS having a 5.17% annualized return and EWX not far ahead at 5.20%.
FEMS
3.06%
-1.44%
-5.54%
5.79%
6.11%
5.17%
EWX
7.52%
-1.84%
3.50%
11.04%
9.20%
5.20%
Key characteristics
| FEMS | EWX | |
|---|---|---|
| Sharpe Ratio | 0.30 | 0.72 |
| Sortino Ratio | 0.51 | 1.04 |
| Omega Ratio | 1.06 | 1.14 |
| Calmar Ratio | 0.31 | 1.16 |
| Martin Ratio | 1.16 | 3.40 |
| Ulcer Index | 4.13% | 3.13% |
| Daily Std Dev | 16.15% | 14.71% |
| Max Drawdown | -47.85% | -63.90% |
| Current Drawdown | -8.43% | -7.02% |
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FEMS vs. EWX - Expense Ratio Comparison
FEMS has a 0.80% expense ratio, which is higher than EWX's 0.65% expense ratio.
Correlation
The correlation between FEMS and EWX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
FEMS vs. EWX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) and SPDR S&P Emerging Markets Small Cap ETF (EWX). 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.
Dividends
FEMS vs. EWX - Dividend Comparison
FEMS's dividend yield for the trailing twelve months is around 3.68%, more than EWX's 2.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund | 3.68% | 4.65% | 4.55% | 6.25% | 2.90% | 4.38% | 4.68% | 3.39% | 2.42% | 3.28% | 3.49% | 1.79% |
EWX SPDR S&P Emerging Markets Small Cap ETF | 2.12% | 2.32% | 3.00% | 2.77% | 2.24% | 2.73% | 3.26% | 2.30% | 2.46% | 3.04% | 2.74% | 2.33% |
Drawdowns
FEMS vs. EWX - Drawdown Comparison
The maximum FEMS drawdown since its inception was -47.85%, smaller than the maximum EWX drawdown of -63.90%. Use the drawdown chart below to compare losses from any high point for FEMS and EWX. For additional features, visit the drawdowns tool.
Volatility
FEMS vs. EWX - Volatility Comparison
The current volatility for First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) is 4.10%, while SPDR S&P Emerging Markets Small Cap ETF (EWX) has a volatility of 4.71%. This indicates that FEMS experiences smaller price fluctuations and is considered to be less risky than EWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.