FEP vs. QYLD
Compare and contrast key facts about First Trust Europe AlphaDEX Fund (FEP) and Global X NASDAQ 100 Covered Call ETF (QYLD).
FEP and QYLD 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. QYLD is a passively managed fund by Global X that tracks the performance of the CBOE NASDAQ-100 Buy Write V2. It was launched on Dec 12, 2013. Both FEP and QYLD 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. QYLD - Performance Comparison
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FEP vs. QYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEP First Trust Europe AlphaDEX Fund | 3.30% | 55.72% | 3.38% | 16.85% | -22.97% | 17.03% | 4.12% | 24.83% | -19.00% | 36.27% |
QYLD Global X NASDAQ 100 Covered Call ETF | 0.61% | 9.28% | 19.35% | 22.77% | -19.08% | 10.41% | 8.72% | 22.69% | -3.07% | 18.79% |
Returns By Period
In the year-to-date period, FEP achieves a 3.30% return, which is significantly higher than QYLD's 0.61% return. Over the past 10 years, FEP has outperformed QYLD with an annualized return of 9.94%, while QYLD has yielded a comparatively lower 8.96% annualized return.
FEP
- 1D
- 1.54%
- 1M
- -4.13%
- YTD
- 3.30%
- 6M
- 8.62%
- 1Y
- 40.34%
- 3Y*
- 21.59%
- 5Y*
- 9.91%
- 10Y*
- 9.94%
QYLD
- 1D
- 0.58%
- 1M
- -1.11%
- YTD
- 0.61%
- 6M
- 7.46%
- 1Y
- 16.36%
- 3Y*
- 13.19%
- 5Y*
- 7.01%
- 10Y*
- 8.96%
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FEP vs. QYLD - Expense Ratio Comparison
FEP has a 0.80% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Return for Risk
FEP vs. QYLD — Risk / Return Rank
FEP
QYLD
FEP vs. QYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Europe AlphaDEX Fund (FEP) and Global X NASDAQ 100 Covered Call ETF (QYLD). 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 | QYLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.08 | 1.00 | +1.08 |
Sortino ratioReturn per unit of downside risk | 2.66 | 1.61 | +1.05 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.31 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 3.31 | 1.57 | +1.74 |
Martin ratioReturn relative to average drawdown | 12.59 | 10.32 | +2.27 |
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 | QYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 1.00 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.47 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.58 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.56 | -0.24 |
Correlation
The correlation between FEP and QYLD is 0.54, 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.
Dividends
FEP vs. QYLD - Dividend Comparison
FEP's dividend yield for the trailing twelve months is around 3.17%, less than QYLD's 11.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEP First Trust Europe AlphaDEX Fund | 3.17% | 3.33% | 4.94% | 3.27% | 3.00% | 3.49% | 2.32% | 2.63% | 2.62% | 1.65% | 2.14% | 2.20% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.85% | 11.55% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% |
Drawdowns
FEP vs. QYLD - Drawdown Comparison
The maximum FEP drawdown since its inception was -46.05%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for FEP and QYLD.
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Drawdown Indicators
| FEP | QYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.05% | -24.75% | -21.30% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -10.84% | -1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -38.99% | -24.61% | -14.38% |
Max Drawdown (10Y)Largest decline over 10 years | -46.05% | -24.75% | -21.30% |
Current DrawdownCurrent decline from peak | -6.38% | -1.84% | -4.54% |
Average DrawdownAverage peak-to-trough decline | -12.14% | -3.89% | -8.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 1.65% | +1.58% |
Volatility
FEP vs. QYLD - Volatility Comparison
First Trust Europe AlphaDEX Fund (FEP) has a higher volatility of 8.46% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 4.90%. This indicates that FEP's price experiences larger fluctuations and is considered to be riskier than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEP | QYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.46% | 4.90% | +3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 12.63% | 7.50% | +5.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.48% | 16.43% | +3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.57% | 14.84% | +4.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.65% | 15.51% | +5.14% |