FEX vs. CONY
Compare and contrast key facts about First Trust Large Cap Core AlphaDEX Fund (FEX) and YieldMax COIN Option Income Strategy ETF (CONY).
FEX and CONY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. CONY is an actively managed fund by YieldMax. It was launched on Aug 14, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FEX or CONY.
Correlation
The correlation between FEX and CONY is 0.49, 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
FEX vs. CONY - Performance Comparison
Key characteristics
FEX:
1.45
CONY:
0.40
FEX:
2.04
CONY:
1.04
FEX:
1.26
CONY:
1.12
FEX:
2.24
CONY:
0.70
FEX:
7.57
CONY:
1.60
FEX:
2.35%
CONY:
16.58%
FEX:
12.31%
CONY:
65.98%
FEX:
-58.81%
CONY:
-37.72%
FEX:
-6.44%
CONY:
-18.67%
Returns By Period
In the year-to-date period, FEX achieves a 18.10% return, which is significantly lower than CONY's 30.72% return.
FEX
18.10%
-6.11%
9.26%
17.57%
11.52%
10.06%
CONY
30.72%
-12.33%
12.13%
25.55%
N/A
N/A
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FEX vs. CONY - Expense Ratio Comparison
FEX has a 0.59% expense ratio, which is lower than CONY's 0.99% expense ratio.
Risk-Adjusted Performance
FEX vs. CONY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Large Cap Core AlphaDEX Fund (FEX) and YieldMax COIN Option Income Strategy ETF (CONY). 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.
Dividends
FEX vs. CONY - Dividend Comparison
FEX's dividend yield for the trailing twelve months is around 1.17%, less than CONY's 147.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEX First Trust Large Cap Core AlphaDEX Fund | 1.17% | 1.38% | 1.61% | 0.80% | 1.20% | 1.32% | 1.34% | 1.07% | 1.29% | 1.33% | 1.30% | 1.02% |
CONY YieldMax COIN Option Income Strategy ETF | 147.19% | 16.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FEX vs. CONY - Drawdown Comparison
The maximum FEX drawdown since its inception was -58.81%, which is greater than CONY's maximum drawdown of -37.72%. Use the drawdown chart below to compare losses from any high point for FEX and CONY. For additional features, visit the drawdowns tool.
Volatility
FEX vs. CONY - Volatility Comparison
The current volatility for First Trust Large Cap Core AlphaDEX Fund (FEX) is 4.23%, while YieldMax COIN Option Income Strategy ETF (CONY) has a volatility of 18.60%. This indicates that FEX experiences smaller price fluctuations and is considered to be less risky than CONY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.