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FEX vs. TDIV
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FEX vs. TDIV

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust Large Cap Core AlphaDEX Fund (FEX) and First Trust NASDAQ Technology Dividend Index Fund (TDIV).

FEX and TDIV 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. TDIV is a passively managed fund by First Trust that tracks the performance of the NASDAQ Technology Dividend Index. It was launched on Aug 14, 2012. Both FEX and TDIV 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 vs. TDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Large Cap Core AlphaDEX Fund (FEX) and First Trust NASDAQ Technology Dividend Index Fund (TDIV). The values are adjusted to include any dividend payments, if applicable.

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FEX vs. TDIV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FEX
First Trust Large Cap Core AlphaDEX Fund		3.04%15.05%17.07%14.31%-11.86%26.83%14.28%26.93%-9.89%21.41%
TDIV
First Trust NASDAQ Technology Dividend Index Fund		-2.96%25.27%24.43%36.71%-22.13%29.49%17.55%33.27%-3.18%21.95%

Returns By Period

In the year-to-date period, FEX achieves a 3.04% return, which is significantly higher than TDIV's -2.96% return. Over the past 10 years, FEX has underperformed TDIV with an annualized return of 11.97%, while TDIV has yielded a comparatively higher 15.72% annualized return.

FEX

1D
2.09%
1M
-4.09%
YTD
3.04%
6M
4.98%
1Y
20.33%
3Y*
16.27%
5Y*
9.93%
10Y*
11.97%

TDIV

1D
3.22%
1M
-4.89%
YTD
-2.96%
6M
-4.22%
1Y
29.11%
3Y*
22.10%
5Y*
13.44%
10Y*
15.72%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Large Cap Core AlphaDEX Fund

First Trust NASDAQ Technology Dividend Index Fund

Often compared with FEX:
FEX vs. FCNTXFEX vs. CAIBXFEX vs. CONYFEX vs. DODGXFEX vs. IVVFEX vs. VOOFEX vs. FNCMX
Often compared with TDIV:
TDIV vs. TDVTDIV vs. SCHDTDIV vs. DDIVTDIV vs. QQQTDIV vs. SPYDTDIV vs. ETGTDIV vs. SPGP

FEX vs. TDIV - Expense Ratio Comparison

FEX has a 0.59% expense ratio, which is higher than TDIV's 0.50% expense ratio.

FEX
First Trust Large Cap Core AlphaDEX Fund
TDIV
First Trust NASDAQ Technology Dividend Index Fund

Return for Risk

FEX vs. TDIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FEX
FEX Risk / Return Rank: 6868
Overall Rank
FEX Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
FEX Sortino Ratio Rank: 6666
Sortino Ratio Rank
FEX Omega Ratio Rank: 6767
Omega Ratio Rank
FEX Calmar Ratio Rank: 6464
Calmar Ratio Rank
FEX Martin Ratio Rank: 7676
Martin Ratio Rank
TDIV
TDIV Risk / Return Rank: 7777
Overall Rank
TDIV Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
TDIV Sortino Ratio Rank: 7676
Sortino Ratio Rank
TDIV Omega Ratio Rank: 7373
Omega Ratio Rank
TDIV Calmar Ratio Rank: 8383
Calmar Ratio Rank
TDIV Martin Ratio Rank: 7878
Martin Ratio Rank
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 vs. TDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Large Cap Core AlphaDEX Fund (FEX) and First Trust NASDAQ Technology Dividend Index Fund (TDIV). 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.

FEXTDIVDifference

Sharpe ratio

Return per unit of total volatility

1.15

1.24

-0.09

Sortino ratio

Return per unit of downside risk

1.66

1.87

-0.21

Omega ratio

Gain probability vs. loss probability

1.25

1.26

-0.01

Calmar ratio

Return relative to maximum drawdown

1.62

2.26

-0.64

Martin ratio

Return relative to average drawdown

7.98

7.82

+0.16

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 vs. TDIV - Sharpe Ratio Comparison

The current FEX Sharpe Ratio is 1.15, which is comparable to the TDIV Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of FEX and TDIV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

FEXTDIVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.15

1.24

-0.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.61

0.66

-0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.65

0.76

-0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.76

-0.31

Correlation

The correlation between FEX and TDIV is 0.82, 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 vs. TDIV - Dividend Comparison

FEX's dividend yield for the trailing twelve months is around 1.06%, less than TDIV's 1.50% yield.

TTM20252024202320222021202020192018201720162015
FEX
First Trust Large Cap Core AlphaDEX Fund		1.06%1.10%1.18%1.38%1.61%0.80%1.21%1.32%1.34%1.07%1.29%1.33%
TDIV
First Trust NASDAQ Technology Dividend Index Fund		1.50%1.40%1.59%1.74%2.51%1.76%2.07%2.27%2.97%2.27%2.45%2.52%

Drawdowns

FEX vs. TDIV - Drawdown Comparison

The maximum FEX drawdown since its inception was -58.81%, which is greater than TDIV's maximum drawdown of -31.97%. Use the drawdown chart below to compare losses from any high point for FEX and TDIV.

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Drawdown Indicators

FEXTDIVDifference

Max Drawdown

Largest peak-to-trough decline

-58.81%

-31.97%

-26.84%

Max Drawdown (1Y)

Largest decline over 1 year

-13.08%

-13.07%

-0.01%

Max Drawdown (5Y)

Largest decline over 5 years

-21.27%

-31.97%

+10.70%

Max Drawdown (10Y)

Largest decline over 10 years

-39.51%

-31.97%

-7.54%

Current Drawdown

Current decline from peak

-4.27%

-7.87%

+3.60%

Average Drawdown

Average peak-to-trough decline

-7.95%

-4.88%

-3.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.66%

3.77%

-1.11%

Volatility

FEX vs. TDIV - Volatility Comparison

The current volatility for First Trust Large Cap Core AlphaDEX Fund (FEX) is 4.81%, while First Trust NASDAQ Technology Dividend Index Fund (TDIV) has a volatility of 6.22%. This indicates that FEX experiences smaller price fluctuations and is considered to be less risky than TDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FEXTDIVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.81%

6.22%

-1.41%

Volatility (6M)

Calculated over the trailing 6-month period

9.73%

13.70%

-3.97%

Volatility (1Y)

Calculated over the trailing 1-year period

17.71%

23.52%

-5.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.45%

20.46%

-4.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.56%

20.73%

-2.17%