FEXD.L vs. CSUS.L
FEXD.L (First Trust US Large Cap Core AlphaDEX UCITS Class B) and CSUS.L (iShares VII plc - iShares MSCI USA ETF USD Acc) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from First Trust and iShares respectively. Both are passively managed. Over the past 10 years, FEXD.L returned 12.39%/yr vs 16.03%/yr for CSUS.L. A 0.57 correlation means they provide meaningful diversification when combined. FEXD.L charges 0.75%/yr vs 0.33%/yr for CSUS.L.
Performance
FEXD.L vs. CSUS.L - Performance Comparison
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Different Trading Currencies
FEXD.L is traded in GBp, while CSUS.L is traded in USD. To make them comparable, the CSUS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FEXD.L achieves a 14.06% return, which is significantly higher than CSUS.L's 10.77% return. Over the past 10 years, FEXD.L has underperformed CSUS.L with an annualized return of 12.39%, while CSUS.L has yielded a comparatively higher 16.03% annualized return.
FEXD.L
- 1D
- -0.11%
- 1M
- 5.28%
- YTD
- 14.06%
- 6M
- 14.03%
- 1Y
- 28.95%
- 3Y*
- 16.32%
- 5Y*
- 10.82%
- 10Y*
- 12.39%
CSUS.L
- 1D
- 0.06%
- 1M
- 5.66%
- YTD
- 10.77%
- 6M
- 10.21%
- 1Y
- 28.75%
- 3Y*
- 19.41%
- 5Y*
- 14.52%
- 10Y*
- 16.03%
FEXD.L vs. CSUS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEXD.L First Trust US Large Cap Core AlphaDEX UCITS Class B | 14.06% | 6.55% | 17.43% | 7.00% | -3.00% | 26.00% | 9.31% | 21.74% | -6.95% | 9.63% |
CSUS.L iShares VII plc - iShares MSCI USA ETF USD Acc | 10.77% | 8.87% | 28.02% | 19.99% | -10.92% | 29.54% | 16.77% | 25.42% | -0.23% | 10.40% |
Correlation
The correlation between FEXD.L and CSUS.L is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2015 | 0.57 |
The correlation between FEXD.L and CSUS.L has been stable across timeframes, ranging from 0.53 to 0.58 - a consistent structural relationship.
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Return for Risk
FEXD.L vs. CSUS.L — Risk / Return Rank
FEXD.L
CSUS.L
FEXD.L vs. CSUS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust US Large Cap Core AlphaDEX UCITS Class B (FEXD.L) and iShares VII plc - iShares MSCI USA ETF USD Acc (CSUS.L). 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.
| FEXD.L | CSUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.44 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 8.72 | 3.73 | +4.99 |
| Martin ratioReturn relative to average drawdown | 28.19 | 12.32 | +15.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FEXD.L | CSUS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.19 | 2.38 | +0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.98 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 1.03 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 1.21 | -0.41 |
Drawdowns
FEXD.L vs. CSUS.L - Drawdown Comparison
The maximum FEXD.L drawdown since its inception was -31.91%, which is greater than CSUS.L's maximum drawdown of -26.52%. Use the drawdown chart below to compare losses from any high point for FEXD.L and CSUS.L.
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Drawdown Indicators
| FEXD.L | CSUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.91% | -26.52% | -5.39% |
Max Drawdown (1Y)Largest decline over 1 year | -4.52% | -7.68% | +3.16% |
Max Drawdown (3Y)Largest decline over 3 years | -21.63% | -21.55% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -21.63% | -21.55% | -0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -31.91% | -26.52% | -5.39% |
Current DrawdownCurrent decline from peak | -0.11% | -0.11% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -3.54% | -0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 2.33% | +2.55% |
Volatility
FEXD.L vs. CSUS.L - Volatility Comparison
First Trust US Large Cap Core AlphaDEX UCITS Class B (FEXD.L) has a higher volatility of 3.73% compared to iShares VII plc - iShares MSCI USA ETF USD Acc (CSUS.L) at 3.51%. This indicates that FEXD.L's price experiences larger fluctuations and is considered to be riskier than CSUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEXD.L | CSUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 3.51% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 9.14% | 8.63% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 12.03% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.33% | 16.00% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 17.22% | +1.54% |
FEXD.L vs. CSUS.L - Expense Ratio Comparison
FEXD.L has a 0.75% expense ratio, which is higher than CSUS.L's 0.33% expense ratio.
Dividends
FEXD.L vs. CSUS.L - Dividend Comparison
FEXD.L's dividend yield for the trailing twelve months is around 0.01%, while CSUS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CSUS.L iShares VII plc - iShares MSCI USA ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FEXD.L First Trust US Large Cap Core AlphaDEX UCITS Class B | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
Frequently Asked Questions
FEXD.L and CSUS.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSUS.L is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSUS.L is cheaper with a 0.33% expense ratio, compared with 0.75% for FEXD.L.
Both ETFs track Russell 1000 TR USD. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.75% for FEXD.L and 0.33% for CSUS.L.
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