FEX.L vs. FEXD.L

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust US Large Cap Core AlphaDEX® UCITS ETF Class A USD (FEX.L) and First Trust US Large Cap Core AlphaDEX UCITS Class B (FEXD.L).

FEX.L and FEXD.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FEX.L is a passively managed fund by First Trust that tracks the performance of the Russell 1000 TR USD. It was launched on Apr 9, 2013. FEXD.L is a passively managed fund by First Trust that tracks the performance of the Russell 1000 TR USD. It was launched on May 28, 2015. Both FEX.L and FEXD.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FEX.L vs. FEXD.L - Performance Comparison

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

FEX.L vs. FEXD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEX.L First Trust US Large Cap Core AlphaDEX® UCITS ETF Class A USD	2.88%	7.34%	18.68%	8.36%	-1.83%	28.60%	9.66%	22.13%	-5.90%	10.65%
FEXD.L First Trust US Large Cap Core AlphaDEX UCITS Class B	2.67%	6.55%	17.43%	7.00%	-3.00%	26.00%	9.31%	21.74%	-6.95%	9.63%

Returns By Period

In the year-to-date period, FEX.L achieves a 2.88% return, which is significantly higher than FEXD.L's 2.67% return. Over the past 10 years, FEX.L has outperformed FEXD.L with an annualized return of 12.33%, while FEXD.L has yielded a comparatively lower 11.34% annualized return.

FEX.L

• 1D: -0.03%
• 1M: -3.21%
• YTD: 2.88%
• 6M: 6.32%
• 1Y: 17.01%
• 3Y*: 13.16%
• 5Y*: 10.45%
• 10Y*: 12.33%

FEXD.L

• 1D: -0.10%
• 1M: -2.50%
• YTD: 2.67%
• 6M: 5.94%
• 1Y: 15.94%
• 3Y*: 12.10%
• 5Y*: 9.33%
• 10Y*: 11.34%

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

FEX.L vs. FEXD.L - Expense Ratio Comparison

Both FEX.L and FEXD.L have an expense ratio of 0.75%.

FEX.L

First Trust US Large Cap Core AlphaDEX® UCITS ETF Class A USD

FEXD.L

First Trust US Large Cap Core AlphaDEX UCITS Class B

Return for Risk

FEX.L vs. FEXD.L — Risk / Return Rank

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

FEX.L

FEX.L Risk / Return Rank: 58
FEX.L Sharpe Ratio Rank: 63
FEX.L Sortino Ratio Rank: 58
FEX.L Omega Ratio Rank: 62
FEX.L Calmar Ratio Rank: 50
FEX.L Martin Ratio Rank: 58

FEXD.L

FEXD.L Risk / Return Rank: 48
FEXD.L Sharpe Ratio Rank: 70
FEXD.L Sortino Ratio Rank: 68
FEXD.L Omega Ratio Rank: 68
FEXD.L Calmar Ratio Rank: 18
FEXD.L Martin Ratio Rank: 17

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.

FEX.L vs. FEXD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust US Large Cap Core AlphaDEX® UCITS ETF Class A USD (FEX.L) and First Trust US Large Cap Core AlphaDEX UCITS Class B (FEXD.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.

	FEX.L	FEXD.L	Difference
Sharpe ratio Return per unit of total volatility	1.13	1.26	-0.13
Sortino ratio Return per unit of downside risk	1.55	1.74	-0.19
Omega ratio Gain probability vs. loss probability	1.23	1.25	-0.02
Calmar ratio Return relative to maximum drawdown	1.35	0.28	+1.07
Martin ratio Return relative to average drawdown	5.78	0.79	+5.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEX.L vs. FEXD.L - Sharpe Ratio Comparison

The current FEX.L Sharpe Ratio is 1.13, which is comparable to the FEXD.L Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of FEX.L and FEXD.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FEX.L	FEXD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	1.26	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.73	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	0.80	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.73	+0.05

Correlation

The correlation between FEX.L and FEXD.L is 0.76, 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.

Dividends

FEX.L vs. FEXD.L - Dividend Comparison

FEX.L has not paid dividends to shareholders, while FEXD.L's dividend yield for the trailing twelve months is around 0.01%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FEX.L First Trust US Large Cap Core AlphaDEX® UCITS ETF Class A USD	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FEXD.L First Trust US Large Cap Core AlphaDEX UCITS Class B	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%

Drawdowns

FEX.L vs. FEXD.L - Drawdown Comparison

The maximum FEX.L drawdown since its inception was -31.58%, roughly equal to the maximum FEXD.L drawdown of -31.91%. Use the drawdown chart below to compare losses from any high point for FEX.L and FEXD.L.

Drawdown Indicators

	FEX.L	FEXD.L	Difference
Max Drawdown Largest peak-to-trough decline	-31.58%	-31.91%	+0.33%
Max Drawdown (1Y) Largest decline over 1 year	-11.86%	-11.85%	-0.01%
Max Drawdown (5Y) Largest decline over 5 years	-21.34%	-21.63%	+0.29%
Max Drawdown (10Y) Largest decline over 10 years	-31.58%	-31.91%	+0.33%
Current Drawdown Current decline from peak	-3.70%	-3.90%	+0.20%
Average Drawdown Average peak-to-trough decline	-4.16%	-4.42%	+0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	7.58%	-4.82%

Volatility

FEX.L vs. FEXD.L - Volatility Comparison

The current volatility for First Trust US Large Cap Core AlphaDEX® UCITS ETF Class A USD (FEX.L) is 3.33%, while First Trust US Large Cap Core AlphaDEX UCITS Class B (FEXD.L) has a volatility of 4.19%. This indicates that FEX.L experiences smaller price fluctuations and is considered to be less risky than FEXD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEX.L	FEXD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.33%	4.19%	-0.86%
Volatility (6M) Calculated over the trailing 6-month period	8.14%	9.15%	-1.01%
Volatility (1Y) Calculated over the trailing 1-year period	14.98%	17.35%	-2.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.56%	16.45%	-1.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.47%	18.80%	-2.33%