FEP vs. ROBT

Last updated Jun 4, 2026

FEP (First Trust Europe AlphaDEX Fund) and ROBT (First Trust Nasdaq Artificial Intelligence & Robotics ETF) are both exchange-traded funds - FEP is a Europe Equities fund tracking the Defined Europe Index, while ROBT is a Technology Equities fund tracking the Nasdaq CTA Artificial Intelligence and Robotics Index. Both are passively managed. Over the past 5 years, FEP returned 9.41%/yr vs 2.38%/yr for ROBT. A 0.70 correlation means they provide meaningful diversification when combined. FEP charges 0.80%/yr vs 0.65%/yr for ROBT.

Performance

FEP vs. ROBT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Europe AlphaDEX Fund (FEP) and First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEP achieves a 9.99% return, which is significantly lower than ROBT's 14.22% return.

FEP

• 1D: -0.92%
• 1M: 3.14%
• YTD: 9.99%
• 6M: 15.27%
• 1Y: 30.19%
• 3Y*: 24.76%
• 5Y*: 9.41%
• 10Y*: 10.27%

ROBT

• 1D: -1.73%
• 1M: 13.18%
• YTD: 14.22%
• 6M: 12.64%
• 1Y: 30.71%
• 3Y*: 10.10%
• 5Y*: 2.38%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FEP vs. ROBT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FEP First Trust Europe AlphaDEX Fund	9.99%	55.72%	3.38%	16.85%	-22.97%	17.03%	4.12%	24.83%	-21.20%
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF	14.22%	15.16%	-0.41%	27.77%	-34.94%	9.91%	46.18%	34.28%	-13.98%

Correlation

The correlation between FEP and ROBT is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Feb 23, 2018	0.70

The correlation between FEP and ROBT has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.

FEP vs. ROBT - Sectors Allocation Comparison

Sectors	FEP	ROBT
Industrials	25.4%	20.4%
Basic Materials	11.3%	-
Energy	11.0%	1.5%
Consumer Cyclical	10.7%	6.6%
Financial Services	9.8%	1.6%
Consumer Defensive	8.1%	1.4%
Utilities	7.1%	-
Real Estate	5.2%	-
Healthcare	4.8%	7.4%
Communication Services	3.7%	4.1%
Technology	3.0%	57.0%

Return for Risk

FEP vs. ROBT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FEP

FEP Risk / Return Rank: 52
FEP Sharpe Ratio Rank: 53
FEP Sortino Ratio Rank: 50
FEP Omega Ratio Rank: 52
FEP Calmar Ratio Rank: 51
FEP Martin Ratio Rank: 56

ROBT

ROBT Risk / Return Rank: 32
ROBT Sharpe Ratio Rank: 36
ROBT Sortino Ratio Rank: 35
ROBT Omega Ratio Rank: 32
ROBT Calmar Ratio Rank: 29
ROBT Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FEP vs. ROBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Europe AlphaDEX Fund (FEP) and First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT). 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	ROBT	Difference
Sharpe ratio Return per unit of total volatility	1.81	1.32	+0.49
Sortino ratio Return per unit of downside risk	2.48	1.88	+0.60
Omega ratio Gain probability vs. loss probability	1.32	1.22	+0.10
Calmar ratio Return relative to maximum drawdown	2.50	1.42	+1.08
Martin ratio Return relative to average drawdown	9.71	4.09	+5.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEP vs. ROBT - Sharpe Ratio Comparison

The current FEP Sharpe Ratio is 1.81, which is higher than the ROBT Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of FEP and ROBT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FEP	ROBT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	1.32	+0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.09	+0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.35	-0.01

Drawdowns

FEP vs. ROBT - Drawdown Comparison

The maximum FEP drawdown since its inception was -46.05%, roughly equal to the maximum ROBT drawdown of -44.47%. Use the drawdown chart below to compare losses from any high point for FEP and ROBT.

Drawdown Indicators

	FEP	ROBT	Difference
Max Drawdown Largest peak-to-trough decline	-46.05%	-44.47%	-1.58%
Max Drawdown (1Y) Largest decline over 1 year	-12.13%	-21.66%	+9.53%
Max Drawdown (3Y) Largest decline over 3 years	-15.83%	-27.68%	+11.85%
Max Drawdown (5Y) Largest decline over 5 years	-38.99%	-43.26%	+4.27%
Max Drawdown (10Y) Largest decline over 10 years	-46.05%	—	—
Current Drawdown Current decline from peak	-1.47%	-1.73%	+0.26%
Average Drawdown Average peak-to-trough decline	-12.02%	-15.97%	+3.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	7.53%	-4.41%

Volatility

FEP vs. ROBT - Volatility Comparison

The current volatility for First Trust Europe AlphaDEX Fund (FEP) is 5.75%, while First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT) has a volatility of 6.46%. This indicates that FEP experiences smaller price fluctuations and is considered to be less risky than ROBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEP	ROBT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.75%	6.46%	-0.71%
Volatility (6M) Calculated over the trailing 6-month period	13.95%	17.51%	-3.56%
Volatility (1Y) Calculated over the trailing 1-year period	16.73%	23.32%	-6.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.67%	25.18%	-5.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.73%	25.48%	-4.75%

FEP vs. ROBT - Expense Ratio Comparison

FEP has a 0.80% expense ratio, which is higher than ROBT's 0.65% expense ratio.

Dividends

FEP vs. ROBT - Dividend Comparison

FEP's dividend yield for the trailing twelve months is around 2.97%, while ROBT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEP First Trust Europe AlphaDEX Fund	2.97%	3.33%	4.94%	3.27%	3.00%	3.49%	2.32%	2.63%	2.62%	1.65%	2.14%	2.20%
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF	0.00%	0.00%	0.68%	0.23%	0.35%	0.06%	0.17%	0.42%	0.44%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEP and ROBT in my portfolio?

FEP and ROBT have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEP or ROBT?

ROBT has higher volatility (6.46%) compared to FEP (5.75%). In terms of maximum drawdown, FEP dropped -46.05% vs ROBT's -44.47%.

Which ETF is better, FEP or ROBT?

On 5-year performance, FEP leads with 9.41% vs 2.38% for ROBT. On fees, ROBT is cheaper at 0.65% per year. On volatility, FEP has been the lower-risk option at 5.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FEP or ROBT?

Over the 5-year period, FEP has performed better with a 9.41% return vs 2.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEP or ROBT?

ROBT is cheaper with a 0.65% expense ratio, compared with 0.80% for FEP.

Which ETF pays a higher dividend yield, FEP or ROBT?

FEP has the higher dividend yield at 2.97%, compared with 0.00% for ROBT.

What is the main difference between FEP and ROBT?

FEP is categorized as Europe Equities, while ROBT is Technology Equities. FEP tracks Defined Europe Index, while ROBT tracks Nasdaq CTA Artificial Intelligence and Robotics Index. Their fees differ too: 0.80% for FEP and 0.65% for ROBT.

Which has better risk-adjusted returns?

FEP currently has the higher Sharpe Ratio (1.81 vs 1.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.