FEUD.L vs. FEXU.L

Last updated Jun 25, 2026

FEUD.L (First Trust Eurozone AlphaDEX® UCITS ETF Class B Shares) and FEXU.L (First Trust US Large Cap Core AlphaDEX UCITS ETF) are both exchange-traded funds - FEUD.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while FEXU.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, FEUD.L returned 12.34%/yr vs 12.27%/yr for FEXU.L. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

FEUD.L vs. FEXU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in First Trust Eurozone AlphaDEX® UCITS ETF Class B Shares (FEUD.L) and First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FEUD.L is traded in GBp, while FEXU.L is traded in USD. To make them comparable, the FEXU.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, FEUD.L achieves a 11.88% return, which is significantly lower than FEXU.L's 17.35% return.

FEUD.L

• 1D: -0.57%
• 1M: 0.63%
• YTD: 11.88%
• 6M: 12.64%
• 1Y: 32.42%
• 3Y*: 23.81%
• 5Y*: 12.34%
• 10Y*: —

FEXU.L

• 1D: -0.89%
• 1M: 5.03%
• YTD: 17.35%
• 6M: 17.23%
• 1Y: 31.20%
• 3Y*: 18.61%
• 5Y*: 12.27%
• 10Y*: 13.44%

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

FEUD.L vs. FEXU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FEUD.L First Trust Eurozone AlphaDEX® UCITS ETF Class B Shares	11.88%	46.98%	7.06%	10.07%	-9.31%	13.22%	1.46%	16.61%	-16.85%
FEXU.L First Trust US Large Cap Core AlphaDEX UCITS ETF	17.35%	7.02%	18.72%	8.93%	-1.84%	28.02%	10.19%	21.28%	-13.86%

Correlation

The correlation between FEUD.L and FEXU.L is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Aug 16, 2018	0.63

The correlation between FEUD.L and FEXU.L shifts across timeframes, from 0.52 (3 years) to 0.63 (all time), reflecting how their relationship changes across market environments.

FEUD.L vs. FEXU.L - Sectors Allocation Comparison

Sectors	FEUD.L	FEXU.L
Industrials	28.2%	18.8%
Financial Services	11.2%	13.6%
Energy	9.8%	5.6%
Consumer Cyclical	9.1%	8.3%
Utilities	8.0%	7.0%
Basic Materials	7.4%	3.5%
Technology	6.9%	22.2%
Real Estate	5.6%	4.5%
Consumer Defensive	5.2%	4.3%
Healthcare	5.0%	8.8%
Communication Services	3.6%	3.4%

Return for Risk

FEUD.L vs. FEXU.L — Risk / Return Rank

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

FEUD.L

FEUD.L Risk / Return Rank: 77
FEUD.L Sharpe Ratio Rank: 83
FEUD.L Sortino Ratio Rank: 79
FEUD.L Omega Ratio Rank: 84
FEUD.L Calmar Ratio Rank: 70
FEUD.L Martin Ratio Rank: 70

FEXU.L

FEXU.L Risk / Return Rank: 86
FEXU.L Sharpe Ratio Rank: 84
FEXU.L Sortino Ratio Rank: 87
FEXU.L Omega Ratio Rank: 79
FEXU.L Calmar Ratio Rank: 91
FEXU.L Martin Ratio Rank: 89

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.

FEUD.L vs. FEXU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Eurozone AlphaDEX® UCITS ETF Class B Shares (FEUD.L) and First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.L). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FEUD.L	FEXU.L	Difference
Sharpe ratio: Return per unit of total volatility	2.33	2.59	-0.26
Sortino ratio: Return per unit of downside risk	3.07	3.49	-0.42
Omega ratio: Gain probability vs. loss probability	1.43	1.45	-0.02
Calmar ratio: Return relative to maximum drawdown	3.04	7.16	-4.12
Martin ratio: Return relative to average drawdown	11.22	21.62	-10.40

FEUD.L vs. FEXU.L - Sharpe Ratio Comparison

The current FEUD.L Sharpe Ratio is 2.33, which is comparable to the FEXU.L Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of FEUD.L and FEXU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FEUD.L vs. FEXU.L - Drawdown Comparison

The maximum FEUD.L drawdown since its inception was -41.36%, which is greater than FEXU.L's maximum drawdown of -32.12%. Use the drawdown chart below to compare losses from any high point for FEUD.L and FEXU.L.

Drawdown Indicators

	FEUD.L	FEXU.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.36%	-32.12%	-9.24%
Max Drawdown (1Y) Largest decline over 1 year	-10.60%	-4.47%	-6.13%
Max Drawdown (3Y) Largest decline over 3 years	-14.03%	-21.55%	+7.52%
Max Drawdown (5Y) Largest decline over 5 years	-23.59%	-21.55%	-2.04%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.12%	—
Current Drawdown Current decline from peak	-1.72%	-0.89%	-0.83%
Average Drawdown Average peak-to-trough decline	-9.71%	-4.17%	-5.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	1.48%	+1.40%

Volatility

FEUD.L vs. FEXU.L - Volatility Comparison

The current volatility for First Trust Eurozone AlphaDEX® UCITS ETF Class B Shares (FEUD.L) is 3.21%, while First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.L) has a volatility of 4.06%. This indicates that FEUD.L experiences smaller price fluctuations and is considered to be less risky than FEXU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEUD.L	FEXU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.21%	4.06%	-0.85%
Volatility (6M) Calculated over the trailing 6-month period	11.56%	9.04%	+2.52%
Volatility (1Y) Calculated over the trailing 1-year period	13.93%	12.37%	+1.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.53%	15.70%	+0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.70%	17.19%	+1.51%

FEUD.L vs. FEXU.L - Expense Ratio Comparison

Both FEUD.L and FEXU.L have an expense ratio of 0.75%.

Dividends

FEUD.L vs. FEXU.L - Dividend Comparison

FEUD.L's dividend yield for the trailing twelve months is around 2.78%, while FEXU.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FEUD.L First Trust Eurozone AlphaDEX® UCITS ETF Class B Shares	2.78%	3.05%	5.94%	2.76%	2.50%	1.95%	1.01%	1.78%
FEXU.L First Trust US Large Cap Core AlphaDEX UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEUD.L and FEXU.L in my portfolio?

FEUD.L and FEXU.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FEUD.L or FEXU.L?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FEUD.L or FEXU.L?

FEUD.L and FEXU.L have the same expense ratio: 0.75% per year.

What is the main difference between FEUD.L and FEXU.L?

FEUD.L is categorized as Europe Equities, while FEXU.L is Large Cap Blend Equities. FEUD.L tracks MSCI EMU NR EUR, while FEXU.L tracks Russell 1000 TR USD.