FEXD.L vs. FEUZ.L

Last updated Jun 5, 2026

FEXD.L (First Trust US Large Cap Core AlphaDEX UCITS Class B) and FEUZ.L (First Trust Eurozone AlphaDEX® UCITS ETF Class A Shares) are both exchange-traded funds - FEXD.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while FEUZ.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, FEXD.L returned 12.39%/yr vs 11.52%/yr for FEUZ.L. At a 0.41 correlation, their price movements are largely independent. FEXD.L charges 0.75%/yr vs 0.80%/yr for FEUZ.L.

Performance

FEXD.L vs. FEUZ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in First Trust US Large Cap Core AlphaDEX UCITS Class B (FEXD.L) and First Trust Eurozone AlphaDEX® UCITS ETF Class A Shares (FEUZ.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEXD.L achieves a 14.06% return, which is significantly higher than FEUZ.L's 12.51% return. Over the past 10 years, FEXD.L has outperformed FEUZ.L with an annualized return of 12.39%, while FEUZ.L has yielded a comparatively lower 11.52% 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%

FEUZ.L

• 1D: 0.40%
• 1M: 3.03%
• YTD: 12.51%
• 6M: 15.50%
• 1Y: 34.11%
• 3Y*: 22.57%
• 5Y*: 11.74%
• 10Y*: 11.52%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FEXD.L vs. FEUZ.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%
FEUZ.L First Trust Eurozone AlphaDEX® UCITS ETF Class A Shares	12.51%	48.45%	3.89%	9.28%	-9.28%	13.80%	1.55%	16.96%	-15.00%	24.03%

Correlation

The correlation between FEXD.L and FEUZ.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jun 2, 2015	0.41

Return for Risk

FEXD.L vs. FEUZ.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FEXD.L

FEXD.L Risk / Return Rank: 93
FEXD.L Sharpe Ratio Rank: 92
FEXD.L Sortino Ratio Rank: 92
FEXD.L Omega Ratio Rank: 90
FEXD.L Calmar Ratio Rank: 96
FEXD.L Martin Ratio Rank: 95

FEUZ.L

FEUZ.L Risk / Return Rank: 70
FEUZ.L Sharpe Ratio Rank: 73
FEUZ.L Sortino Ratio Rank: 70
FEUZ.L Omega Ratio Rank: 73
FEUZ.L Calmar Ratio Rank: 67
FEUZ.L Martin Ratio Rank: 69

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.

FEXD.L vs. FEUZ.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 First Trust Eurozone AlphaDEX® UCITS ETF Class A Shares (FEUZ.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	FEUZ.L	Difference
Sharpe ratio: Return per unit of total volatility	3.19	2.34	+0.85
Sortino ratio: Return per unit of downside risk	4.43	3.12	+1.31
Omega ratio: Gain probability vs. loss probability	1.57	1.42	+0.14
Calmar ratio: Return relative to maximum drawdown	8.72	3.28	+5.44
Martin ratio: Return relative to average drawdown	28.19	12.55	+15.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEXD.L vs. FEUZ.L - Sharpe Ratio Comparison

The current FEXD.L Sharpe Ratio is 3.19, which is higher than the FEUZ.L Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of FEXD.L and FEUZ.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FEXD.L	FEUZ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.19	2.34	+0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.80	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	0.74	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.79	+0.01

Drawdowns

FEXD.L vs. FEUZ.L - Drawdown Comparison

The maximum FEXD.L drawdown since its inception was -31.91%, smaller than the maximum FEUZ.L drawdown of -36.68%. Use the drawdown chart below to compare losses from any high point for FEXD.L and FEUZ.L.

Drawdown Indicators

	FEXD.L	FEUZ.L	Difference
Max Drawdown Largest peak-to-trough decline	-31.91%	-36.68%	+4.77%
Max Drawdown (1Y) Largest decline over 1 year	-4.52%	-10.35%	+5.83%
Max Drawdown (3Y) Largest decline over 3 years	-21.63%	-14.10%	-7.53%
Max Drawdown (5Y) Largest decline over 5 years	-21.63%	-23.27%	+1.64%
Max Drawdown (10Y) Largest decline over 10 years	-31.91%	-36.68%	+4.77%
Current Drawdown Current decline from peak	-0.11%	-0.11%	0.00%
Average Drawdown Average peak-to-trough decline	-4.35%	-6.25%	+1.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.88%	2.71%	+2.17%

Volatility

FEXD.L vs. FEUZ.L - Volatility Comparison

First Trust US Large Cap Core AlphaDEX UCITS Class B (FEXD.L) and First Trust Eurozone AlphaDEX® UCITS ETF Class A Shares (FEUZ.L) have volatilities of 3.73% and 3.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEXD.L	FEUZ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	3.86%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	9.14%	11.96%	-2.82%
Volatility (1Y) Calculated over the trailing 1-year period	12.33%	14.49%	-2.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.33%	18.61%	-2.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.76%	18.95%	-0.19%

FEXD.L vs. FEUZ.L - Expense Ratio Comparison

FEXD.L has a 0.75% expense ratio, which is lower than FEUZ.L's 0.80% expense ratio.

Dividends

FEXD.L vs. FEUZ.L - Dividend Comparison

FEXD.L's dividend yield for the trailing twelve months is around 0.01%, while FEUZ.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FEUZ.L First Trust Eurozone AlphaDEX® UCITS ETF Class A Shares	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

Can I hold both FEXD.L and FEUZ.L in my portfolio?

FEXD.L and FEUZ.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FEXD.L or FEUZ.L?

On fees, FEXD.L is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FEXD.L or FEUZ.L?

FEXD.L is cheaper with a 0.75% expense ratio, compared with 0.80% for FEUZ.L.

What is the main difference between FEXD.L and FEUZ.L?

FEXD.L is categorized as Large Cap Blend Equities, while FEUZ.L is Europe Equities. FEXD.L tracks Russell 1000 TR USD, while FEUZ.L tracks MSCI EMU NR EUR. Their fees differ too: 0.75% for FEXD.L and 0.80% for FEUZ.L.