FEP vs. EUFN
Compare and contrast key facts about First Trust Europe AlphaDEX Fund (FEP) and iShares MSCI Europe Financials ETF (EUFN).
FEP and EUFN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FEP is a passively managed fund by First Trust that tracks the performance of the Defined Europe Index. It was launched on Apr 26, 2011. EUFN is a passively managed fund by iShares that tracks the performance of the MSCI Europe Financials Index. It was launched on Jan 20, 2010. Both FEP and EUFN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FEP vs. EUFN - Performance Comparison
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FEP vs. EUFN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEP First Trust Europe AlphaDEX Fund | 1.73% | 55.72% | 3.38% | 16.85% | -22.97% | 17.03% | 4.12% | 24.83% | -19.00% | 36.27% |
EUFN iShares MSCI Europe Financials ETF | -6.04% | 65.73% | 17.20% | 26.15% | -8.78% | 19.13% | -8.55% | 20.73% | -23.14% | 26.94% |
Returns By Period
In the year-to-date period, FEP achieves a 1.73% return, which is significantly higher than EUFN's -6.04% return. Over the past 10 years, FEP has underperformed EUFN with an annualized return of 9.77%, while EUFN has yielded a comparatively higher 11.63% annualized return.
FEP
- 1D
- 4.18%
- 1M
- -7.37%
- YTD
- 1.73%
- 6M
- 7.95%
- 1Y
- 38.59%
- 3Y*
- 20.97%
- 5Y*
- 9.58%
- 10Y*
- 9.77%
EUFN
- 1D
- 4.25%
- 1M
- -7.58%
- YTD
- -6.04%
- 6M
- 2.94%
- 1Y
- 27.35%
- 3Y*
- 29.23%
- 5Y*
- 17.62%
- 10Y*
- 11.63%
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FEP vs. EUFN - Expense Ratio Comparison
FEP has a 0.80% expense ratio, which is higher than EUFN's 0.48% expense ratio.
Return for Risk
FEP vs. EUFN — Risk / Return Rank
FEP
EUFN
FEP vs. EUFN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Europe AlphaDEX Fund (FEP) and iShares MSCI Europe Financials ETF (EUFN). 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.
| FEP | EUFN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.00 | 1.24 | +0.76 |
Sortino ratioReturn per unit of downside risk | 2.57 | 1.76 | +0.81 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.24 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.98 | 1.74 | +1.24 |
Martin ratioReturn relative to average drawdown | 11.45 | 6.10 | +5.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FEP | EUFN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 1.24 | +0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.82 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.48 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.25 | +0.06 |
Correlation
The correlation between FEP and EUFN is 0.78, 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.
Dividends
FEP vs. EUFN - Dividend Comparison
FEP's dividend yield for the trailing twelve months is around 3.21%, less than EUFN's 3.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEP First Trust Europe AlphaDEX Fund | 3.21% | 3.33% | 4.94% | 3.27% | 3.00% | 3.49% | 2.32% | 2.63% | 2.62% | 1.65% | 2.14% | 2.20% |
EUFN iShares MSCI Europe Financials ETF | 3.80% | 3.57% | 5.36% | 5.00% | 4.24% | 4.15% | 1.38% | 4.55% | 6.48% | 3.04% | 4.03% | 3.65% |
Drawdowns
FEP vs. EUFN - Drawdown Comparison
The maximum FEP drawdown since its inception was -46.05%, smaller than the maximum EUFN drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for FEP and EUFN.
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Drawdown Indicators
| FEP | EUFN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.05% | -53.25% | +7.20% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -14.77% | +2.46% |
Max Drawdown (5Y)Largest decline over 5 years | -38.99% | -35.15% | -3.84% |
Max Drawdown (10Y)Largest decline over 10 years | -46.05% | -53.25% | +7.20% |
Current DrawdownCurrent decline from peak | -7.79% | -10.30% | +2.51% |
Average DrawdownAverage peak-to-trough decline | -12.14% | -14.68% | +2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 4.22% | -1.01% |
Volatility
FEP vs. EUFN - Volatility Comparison
The current volatility for First Trust Europe AlphaDEX Fund (FEP) is 9.11%, while iShares MSCI Europe Financials ETF (EUFN) has a volatility of 9.84%. This indicates that FEP experiences smaller price fluctuations and is considered to be less risky than EUFN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEP | EUFN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.11% | 9.84% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 12.56% | 14.70% | -2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.48% | 22.21% | -2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.58% | 21.57% | -1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.65% | 24.53% | -3.88% |