Correlation
The correlation between FEX and CAIBX is 0.86, 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.
FEX vs. CAIBX
Compare and contrast key facts about First Trust Large Cap Core AlphaDEX Fund (FEX) and American Funds Capital Income Builder Class A (CAIBX).
FEX is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Large Cap Core Index. It was launched on May 8, 2007. CAIBX is managed by American Funds. It was launched on Jul 30, 1987.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEX or CAIBX.
Performance
FEX vs. CAIBX - Performance Comparison
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Key characteristics
FEX:
0.58
CAIBX:
1.60
FEX:
0.86
CAIBX:
2.02
FEX:
1.12
CAIBX:
1.31
FEX:
0.50
CAIBX:
1.79
FEX:
1.69
CAIBX:
8.83
FEX:
5.75%
CAIBX:
1.80%
FEX:
18.51%
CAIBX:
10.57%
FEX:
-58.81%
CAIBX:
-41.42%
FEX:
-6.26%
CAIBX:
0.00%
Returns By Period
In the year-to-date period, FEX achieves a 1.07% return, which is significantly lower than CAIBX's 8.93% return. Over the past 10 years, FEX has outperformed CAIBX with an annualized return of 9.81%, while CAIBX has yielded a comparatively lower 6.14% annualized return.
FEX
1.07%
4.91%
-6.26%
10.70%
9.03%
13.89%
9.81%
CAIBX
8.93%
3.28%
6.37%
16.76%
8.03%
9.64%
6.14%
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FEX vs. CAIBX - Expense Ratio Comparison
Both FEX and CAIBX have an expense ratio of 0.59%.
Risk-Adjusted Performance
FEX vs. CAIBX — Risk-Adjusted Performance Rank
FEX
CAIBX
FEX vs. CAIBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Large Cap Core AlphaDEX Fund (FEX) and American Funds Capital Income Builder Class A (CAIBX). 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
FEX vs. CAIBX - Dividend Comparison
FEX's dividend yield for the trailing twelve months is around 1.26%, less than CAIBX's 5.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEX First Trust Large Cap Core AlphaDEX Fund | 1.26% | 1.18% | 1.38% | 1.61% | 0.80% | 1.20% | 1.32% | 1.34% | 1.07% | 1.29% | 1.33% | 1.30% |
CAIBX American Funds Capital Income Builder Class A | 5.34% | 5.76% | 3.47% | 3.43% | 3.14% | 3.38% | 4.24% | 3.80% | 4.68% | 3.52% | 3.62% | 4.67% |
Drawdowns
FEX vs. CAIBX - Drawdown Comparison
The maximum FEX drawdown since its inception was -58.81%, which is greater than CAIBX's maximum drawdown of -41.42%. Use the drawdown chart below to compare losses from any high point for FEX and CAIBX.
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Volatility
FEX vs. CAIBX - Volatility Comparison
First Trust Large Cap Core AlphaDEX Fund (FEX) has a higher volatility of 4.66% compared to American Funds Capital Income Builder Class A (CAIBX) at 2.35%. This indicates that FEX's price experiences larger fluctuations and is considered to be riskier than CAIBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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