FEP vs. ^GSPC
Compare and contrast key facts about First Trust Europe AlphaDEX Fund (FEP) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEP or ^GSPC.
Correlation
The correlation between FEP and ^GSPC is 0.67, 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.
Performance
FEP vs. ^GSPC - Performance Comparison
Key characteristics
FEP:
0.98
^GSPC:
0.44
FEP:
1.48
^GSPC:
0.79
FEP:
1.20
^GSPC:
1.12
FEP:
1.32
^GSPC:
0.48
FEP:
4.50
^GSPC:
1.85
FEP:
4.64%
^GSPC:
4.92%
FEP:
20.34%
^GSPC:
19.37%
FEP:
-46.05%
^GSPC:
-56.78%
FEP:
0.00%
^GSPC:
-7.88%
Returns By Period
In the year-to-date period, FEP achieves a 23.63% return, which is significantly higher than ^GSPC's -3.77% return. Over the past 10 years, FEP has underperformed ^GSPC with an annualized return of 6.12%, while ^GSPC has yielded a comparatively higher 10.45% annualized return.
FEP
23.63%
13.35%
19.76%
19.73%
13.35%
6.12%
^GSPC
-3.77%
3.72%
-5.60%
8.55%
14.11%
10.45%
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Risk-Adjusted Performance
FEP vs. ^GSPC — Risk-Adjusted Performance Rank
FEP
^GSPC
FEP vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Europe AlphaDEX Fund (FEP) and S&P 500 (^GSPC). 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.
Drawdowns
FEP vs. ^GSPC - Drawdown Comparison
The maximum FEP drawdown since its inception was -46.05%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FEP and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FEP vs. ^GSPC - Volatility Comparison
The current volatility for First Trust Europe AlphaDEX Fund (FEP) is 4.68%, while S&P 500 (^GSPC) has a volatility of 6.82%. This indicates that FEP experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.