FEX vs. GARP
Compare and contrast key facts about First Trust Large Cap Core AlphaDEX Fund (FEX) and iShares MSCI USA Quality GARP ETF (GARP).
FEX and GARP 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. GARP is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality GARP Select Index. It was launched on Jan 14, 2020. Both FEX and GARP 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: FEX or GARP.
Correlation
The correlation between FEX and GARP is 0.77, 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.
Performance
FEX vs. GARP - Performance Comparison
Key characteristics
FEX:
1.45
GARP:
2.11
FEX:
2.04
GARP:
2.75
FEX:
1.26
GARP:
1.37
FEX:
2.24
GARP:
2.96
FEX:
7.57
GARP:
11.14
FEX:
2.35%
GARP:
3.57%
FEX:
12.31%
GARP:
18.81%
FEX:
-58.81%
GARP:
-31.34%
FEX:
-6.44%
GARP:
-2.41%
Returns By Period
In the year-to-date period, FEX achieves a 18.10% return, which is significantly lower than GARP's 40.17% return.
FEX
18.10%
-6.11%
9.26%
17.57%
11.52%
10.06%
GARP
40.17%
3.35%
10.82%
39.80%
N/A
N/A
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FEX vs. GARP - Expense Ratio Comparison
FEX has a 0.59% expense ratio, which is higher than GARP's 0.15% expense ratio.
Risk-Adjusted Performance
FEX vs. GARP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Large Cap Core AlphaDEX Fund (FEX) and iShares MSCI USA Quality GARP ETF (GARP). 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. GARP - Dividend Comparison
FEX's dividend yield for the trailing twelve months is around 1.17%, more than GARP's 0.37% 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% |
GARP iShares MSCI USA Quality GARP ETF | 0.37% | 0.75% | 1.85% | 0.67% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FEX vs. GARP - Drawdown Comparison
The maximum FEX drawdown since its inception was -58.81%, which is greater than GARP's maximum drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for FEX and GARP. For additional features, visit the drawdowns tool.
Volatility
FEX vs. GARP - Volatility Comparison
The current volatility for First Trust Large Cap Core AlphaDEX Fund (FEX) is 4.23%, while iShares MSCI USA Quality GARP ETF (GARP) has a volatility of 6.28%. This indicates that FEX experiences smaller price fluctuations and is considered to be less risky than GARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.