Correlation
The correlation between FEUZ and FEP is 0.57, 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.
FEUZ vs. FEP
Compare and contrast key facts about First Trust Eurozone AlphaDEX ETF (FEUZ) and First Trust Europe AlphaDEX Fund (FEP).
FEUZ and FEP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FEUZ is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Eurozone Index. It was launched on Oct 22, 2014. 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. Both FEUZ and FEP 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: FEUZ or FEP.
Performance
FEUZ vs. FEP - Performance Comparison
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Key characteristics
FEUZ:
0.91
FEP:
1.16
FEUZ:
1.42
FEP:
1.58
FEUZ:
1.19
FEP:
1.22
FEUZ:
1.20
FEP:
1.43
FEUZ:
4.31
FEP:
4.88
FEUZ:
5.03%
FEP:
4.63%
FEUZ:
25.52%
FEP:
20.26%
FEUZ:
-48.08%
FEP:
-46.05%
FEUZ:
-0.45%
FEP:
-0.30%
Returns By Period
In the year-to-date period, FEUZ achieves a 32.25% return, which is significantly higher than FEP's 30.50% return. Both investments have delivered pretty close results over the past 10 years, with FEUZ having a 6.78% annualized return and FEP not far behind at 6.64%.
FEUZ
32.25%
8.97%
30.59%
22.96%
13.03%
12.85%
6.78%
FEP
30.50%
9.26%
27.07%
23.36%
12.53%
13.03%
6.64%
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FEUZ vs. FEP - Expense Ratio Comparison
Both FEUZ and FEP have an expense ratio of 0.80%.
Risk-Adjusted Performance
FEUZ vs. FEP — Risk-Adjusted Performance Rank
FEUZ
FEP
FEUZ vs. FEP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Eurozone AlphaDEX ETF (FEUZ) and First Trust Europe AlphaDEX Fund (FEP). 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.
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Dividends
FEUZ vs. FEP - Dividend Comparison
FEUZ's dividend yield for the trailing twelve months is around 1.72%, less than FEP's 3.43% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEUZ First Trust Eurozone AlphaDEX ETF | 1.72% | 2.01% | 2.95% | 3.14% | 2.52% | 1.46% | 1.93% | 2.46% | 1.29% | 2.12% | 1.09% | 0.02% |
FEP First Trust Europe AlphaDEX Fund | 3.43% | 4.94% | 3.27% | 3.00% | 3.49% | 2.32% | 2.63% | 2.62% | 1.65% | 2.14% | 2.20% | 2.47% |
Drawdowns
FEUZ vs. FEP - Drawdown Comparison
The maximum FEUZ drawdown since its inception was -48.08%, roughly equal to the maximum FEP drawdown of -46.05%. Use the drawdown chart below to compare losses from any high point for FEUZ and FEP.
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Volatility
FEUZ vs. FEP - Volatility Comparison
First Trust Eurozone AlphaDEX ETF (FEUZ) and First Trust Europe AlphaDEX Fund (FEP) have volatilities of 3.59% and 3.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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