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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEP or QYLD.
Correlation
The correlation between FEP and QYLD 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.
Performance
FEP vs. QYLD - Performance Comparison
Key characteristics
FEP:
0.94
QYLD:
0.29
FEP:
1.40
QYLD:
0.56
FEP:
1.19
QYLD:
1.10
FEP:
1.23
QYLD:
0.30
FEP:
4.22
QYLD:
1.12
FEP:
4.64%
QYLD:
5.02%
FEP:
20.29%
QYLD:
19.08%
FEP:
-46.05%
QYLD:
-24.75%
FEP:
-0.59%
QYLD:
-10.47%
Returns By Period
In the year-to-date period, FEP achieves a 21.84% return, which is significantly higher than QYLD's -6.43% return. Over the past 10 years, FEP has underperformed QYLD with an annualized return of 5.94%, while QYLD has yielded a comparatively higher 7.58% annualized return.
FEP
21.84%
19.76%
16.20%
18.98%
13.03%
5.94%
QYLD
-6.43%
10.62%
-5.30%
5.58%
8.28%
7.58%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FEP vs. QYLD - Expense Ratio Comparison
FEP has a 0.80% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
FEP vs. QYLD — Risk-Adjusted Performance Rank
FEP
QYLD
FEP vs. QYLD - Risk-Adjusted Performance 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.
Dividends
FEP vs. QYLD - Dividend Comparison
FEP's dividend yield for the trailing twelve months is around 3.67%, less than QYLD's 13.75% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEP First Trust Europe AlphaDEX Fund | 3.67% | 4.94% | 3.27% | 3.00% | 3.49% | 2.32% | 2.63% | 2.62% | 1.65% | 2.14% | 2.20% | 2.47% |
QYLD Global X NASDAQ 100 Covered Call ETF | 13.75% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
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. For additional features, visit the drawdowns tool.
Volatility
FEP vs. QYLD - Volatility Comparison
The current volatility for First Trust Europe AlphaDEX Fund (FEP) is 7.88%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 11.76%. This indicates that FEP experiences smaller price fluctuations and is considered to be less risky than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.