FEX vs. IVV
Compare and contrast key facts about First Trust Large Cap Core AlphaDEX Fund (FEX) and iShares Core S&P 500 ETF (IVV).
FEX and IVV 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. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000. Both FEX and IVV 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 IVV.
Correlation
The correlation between FEX and IVV is 0.90, 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. IVV - Performance Comparison
Key characteristics
FEX:
1.53
IVV:
2.22
FEX:
2.14
IVV:
2.95
FEX:
1.28
IVV:
1.41
FEX:
2.35
IVV:
3.28
FEX:
8.26
IVV:
14.46
FEX:
2.26%
IVV:
1.91%
FEX:
12.26%
IVV:
12.44%
FEX:
-58.81%
IVV:
-55.25%
FEX:
-6.57%
IVV:
-1.82%
Returns By Period
In the year-to-date period, FEX achieves a 17.93% return, which is significantly lower than IVV's 26.84% return. Over the past 10 years, FEX has underperformed IVV with an annualized return of 10.03%, while IVV has yielded a comparatively higher 13.10% annualized return.
FEX
17.93%
-5.79%
8.76%
18.34%
11.52%
10.03%
IVV
26.84%
0.22%
10.35%
27.32%
14.93%
13.10%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FEX vs. IVV - Expense Ratio Comparison
FEX has a 0.59% expense ratio, which is higher than IVV's 0.03% expense ratio.
Risk-Adjusted Performance
FEX vs. IVV - 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 Core S&P 500 ETF (IVV). 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. IVV - Dividend Comparison
FEX's dividend yield for the trailing twelve months is around 1.18%, less than IVV's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEX First Trust Large Cap Core AlphaDEX Fund | 1.18% | 1.38% | 1.61% | 0.80% | 1.20% | 1.32% | 1.34% | 1.07% | 1.29% | 1.33% | 1.30% | 1.02% |
IVV iShares Core S&P 500 ETF | 1.28% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.21% | 1.75% | 2.01% | 2.27% | 1.83% | 1.80% |
Drawdowns
FEX vs. IVV - Drawdown Comparison
The maximum FEX drawdown since its inception was -58.81%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for FEX and IVV. For additional features, visit the drawdowns tool.
Volatility
FEX vs. IVV - Volatility Comparison
First Trust Large Cap Core AlphaDEX Fund (FEX) has a higher volatility of 4.21% compared to iShares Core S&P 500 ETF (IVV) at 3.79%. This indicates that FEX's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.