FEXD.L vs. USDV.L
FEXD.L (First Trust US Large Cap Core AlphaDEX UCITS Class B) and USDV.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) are both Large Cap Blend Equities funds - FEXD.L tracks the Russell 1000 TR USD while USDV.L tracks the S&P High Yield Dividend Aristocrats Index. Both are passively managed. Over the past 10 years, FEXD.L returned 12.39%/yr vs 9.84%/yr for USDV.L. A 0.64 correlation means they provide meaningful diversification when combined. FEXD.L charges 0.75%/yr vs 0.35%/yr for USDV.L.
Performance
FEXD.L vs. USDV.L - Performance Comparison
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Different Trading Currencies
FEXD.L is traded in GBp, while USDV.L is traded in GBP. To make them comparable, the USDV.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 USDV.L's 7.22% return. Over the past 10 years, FEXD.L has outperformed USDV.L with an annualized return of 12.39%, while USDV.L has yielded a comparatively lower 9.84% 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%
USDV.L
- 1D
- 0.13%
- 1M
- 1.76%
- YTD
- 7.22%
- 6M
- 7.16%
- 1Y
- 14.02%
- 3Y*
- 6.93%
- 5Y*
- 6.79%
- 10Y*
- 9.84%
FEXD.L vs. USDV.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% |
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 7.22% | 1.15% | 9.34% | -3.52% | 11.58% | 26.74% | -2.72% | 19.69% | 1.49% | 6.73% |
Correlation
The correlation between FEXD.L and USDV.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2015 | 0.64 |
Over the past year, the correlation between FEXD.L and USDV.L has dropped to 0.39 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.
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Return for Risk
FEXD.L vs. USDV.L — Risk / Return Rank
FEXD.L
USDV.L
FEXD.L vs. USDV.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 SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.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 | USDV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.25 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 8.72 | 2.12 | +6.60 |
| Martin ratioReturn relative to average drawdown | 28.19 | 5.42 | +22.77 |
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 | USDV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.19 | 1.44 | +1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.53 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.64 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.84 | -0.04 |
Drawdowns
FEXD.L vs. USDV.L - Drawdown Comparison
The maximum FEXD.L drawdown since its inception was -31.91%, which is greater than USDV.L's maximum drawdown of -27.80%. Use the drawdown chart below to compare losses from any high point for FEXD.L and USDV.L.
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Drawdown Indicators
| FEXD.L | USDV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.91% | -27.80% | -4.11% |
Max Drawdown (1Y)Largest decline over 1 year | -4.52% | -6.60% | +2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -21.63% | -16.30% | -5.33% |
Max Drawdown (5Y)Largest decline over 5 years | -21.63% | -16.30% | -5.33% |
Max Drawdown (10Y)Largest decline over 10 years | -31.91% | -27.80% | -4.11% |
Current DrawdownCurrent decline from peak | -0.11% | -3.68% | +3.57% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -4.14% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 2.58% | +2.30% |
Volatility
FEXD.L vs. USDV.L - Volatility Comparison
First Trust US Large Cap Core AlphaDEX UCITS Class B (FEXD.L) has a higher volatility of 3.73% compared to SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.L) at 2.53%. This indicates that FEXD.L's price experiences larger fluctuations and is considered to be riskier than USDV.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 | USDV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 2.53% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 9.14% | 7.19% | +1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 9.69% | +2.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.33% | 12.78% | +3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 15.33% | +3.43% |
FEXD.L vs. USDV.L - Expense Ratio Comparison
FEXD.L has a 0.75% expense ratio, which is higher than USDV.L's 0.35% expense ratio.
Dividends
FEXD.L vs. USDV.L - Dividend Comparison
FEXD.L's dividend yield for the trailing twelve months is around 0.01%, less than USDV.L's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 2.04% | 2.20% | 1.99% | 2.29% | 2.11% | 2.12% | 2.57% | 2.65% | 2.19% | 3.07% | 1.65% | 2.00% |
Frequently Asked Questions
FEXD.L and USDV.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USDV.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USDV.L is cheaper with a 0.35% expense ratio, compared with 0.75% for FEXD.L.
FEXD.L tracks Russell 1000 TR USD, while USDV.L tracks S&P High Yield Dividend Aristocrats Index. They also come from different issuers: First Trust and State Street. Their fees differ too: 0.75% for FEXD.L and 0.35% for USDV.L.
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