FEMS vs. PPA
Compare and contrast key facts about First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) and Invesco Aerospace & Defense ETF (PPA).
FEMS and PPA 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. PPA is a passively managed fund by Invesco that tracks the performance of the SPADE Defense Index. It was launched on Oct 26, 2005. Both FEMS and PPA 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 PPA.
Performance
FEMS vs. PPA - Performance Comparison
Returns By Period
In the year-to-date period, FEMS achieves a 3.35% return, which is significantly lower than PPA's 28.26% return. Over the past 10 years, FEMS has underperformed PPA with an annualized return of 5.20%, while PPA has yielded a comparatively higher 14.27% annualized return.
FEMS
3.35%
-1.39%
-5.92%
5.08%
6.22%
5.20%
PPA
28.26%
-1.27%
11.67%
36.39%
12.19%
14.27%
Key characteristics
| FEMS | PPA | |
|---|---|---|
| Sharpe Ratio | 0.43 | 2.66 |
| Sortino Ratio | 0.69 | 3.54 |
| Omega Ratio | 1.08 | 1.48 |
| Calmar Ratio | 0.46 | 6.35 |
| Martin Ratio | 1.72 | 21.14 |
| Ulcer Index | 4.10% | 1.78% |
| Daily Std Dev | 16.25% | 14.14% |
| Max Drawdown | -47.85% | -57.37% |
| Current Drawdown | -8.17% | -5.41% |
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FEMS vs. PPA - Expense Ratio Comparison
FEMS has a 0.80% expense ratio, which is higher than PPA's 0.61% expense ratio.
Correlation
The correlation between FEMS and PPA is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
FEMS vs. PPA - 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 Invesco Aerospace & Defense ETF (PPA). 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. PPA - Dividend Comparison
FEMS's dividend yield for the trailing twelve months is around 3.67%, more than PPA's 0.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund | 3.67% | 4.65% | 4.55% | 6.25% | 2.90% | 4.38% | 4.68% | 3.39% | 2.42% | 3.28% | 3.49% | 1.79% |
PPA Invesco Aerospace & Defense ETF | 0.55% | 0.67% | 0.83% | 0.59% | 0.88% | 0.95% | 0.90% | 0.67% | 1.70% | 1.41% | 0.62% | 1.26% |
Drawdowns
FEMS vs. PPA - Drawdown Comparison
The maximum FEMS drawdown since its inception was -47.85%, smaller than the maximum PPA drawdown of -57.37%. Use the drawdown chart below to compare losses from any high point for FEMS and PPA. For additional features, visit the drawdowns tool.
Volatility
FEMS vs. PPA - Volatility Comparison
The current volatility for First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) is 4.15%, while Invesco Aerospace & Defense ETF (PPA) has a volatility of 6.94%. This indicates that FEMS experiences smaller price fluctuations and is considered to be less risky than PPA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.