FEXU.L vs. FEUD.L

Last updated Jun 25, 2026

FEXU.L (First Trust US Large Cap Core AlphaDEX UCITS ETF) and FEUD.L (First Trust Eurozone AlphaDEX® UCITS ETF Class B Shares) are both exchange-traded funds - FEXU.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while FEUD.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, FEXU.L returned 11.08%/yr vs 11.17%/yr for FEUD.L. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

FEXU.L vs. FEUD.L - Performance Comparison

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

Different Trading Currencies

FEXU.L is traded in USD, while FEUD.L is traded in GBp. To make them comparable, the FEUD.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FEXU.L achieves a 14.98% return, which is significantly higher than FEUD.L's 9.45% return.

FEXU.L

• 1D: -1.28%
• 1M: 3.23%
• YTD: 14.98%
• 6M: 14.59%
• 1Y: 27.31%
• 3Y*: 20.10%
• 5Y*: 11.08%
• 10Y*: 13.03%

FEUD.L

• 1D: -0.88%
• 1M: -1.29%
• YTD: 9.45%
• 6M: 9.82%
• 1Y: 28.04%
• 3Y*: 25.24%
• 5Y*: 11.17%
• 10Y*: —

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

FEXU.L vs. FEUD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FEXU.L First Trust US Large Cap Core AlphaDEX UCITS ETF	14.98%	15.23%	16.68%	14.66%	-12.27%	26.82%	13.52%	26.07%	-13.45%
FEUD.L First Trust Eurozone AlphaDEX® UCITS ETF Class B Shares	9.45%	58.07%	5.27%	15.88%	-19.00%	12.20%	4.57%	21.29%	-16.67%

Correlation

The correlation between FEXU.L and FEUD.L is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Aug 16, 2018	0.69

The correlation between FEXU.L and FEUD.L has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.

FEXU.L vs. FEUD.L - Sectors Allocation Comparison

Sectors	FEXU.L	FEUD.L
Technology	22.2%	6.9%
Industrials	18.8%	28.2%
Financial Services	13.6%	11.2%
Healthcare	8.8%	5.0%
Consumer Cyclical	8.3%	9.1%
Utilities	7.0%	8.0%
Energy	5.6%	9.8%
Real Estate	4.5%	5.6%
Consumer Defensive	4.3%	5.2%
Basic Materials	3.5%	7.4%
Communication Services	3.4%	3.6%

Return for Risk

FEXU.L vs. FEUD.L — Risk / Return Rank

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

FEXU.L

FEXU.L Risk / Return Rank: 86
FEXU.L Sharpe Ratio Rank: 84
FEXU.L Sortino Ratio Rank: 87
FEXU.L Omega Ratio Rank: 79
FEXU.L Calmar Ratio Rank: 91
FEXU.L Martin Ratio Rank: 89

FEUD.L

FEUD.L Risk / Return Rank: 77
FEUD.L Sharpe Ratio Rank: 83
FEUD.L Sortino Ratio Rank: 79
FEUD.L Omega Ratio Rank: 84
FEUD.L Calmar Ratio Rank: 70
FEUD.L Martin Ratio Rank: 70

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.

FEXU.L vs. FEUD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.L) and First Trust Eurozone AlphaDEX® UCITS ETF Class B Shares (FEUD.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FEXU.L	FEUD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.35	1.75	+0.60
Sortino ratio: Return per unit of downside risk	3.48	2.42	+1.06
Omega ratio: Gain probability vs. loss probability	1.41	1.33	+0.08
Calmar ratio: Return relative to maximum drawdown	5.19	2.42	+2.77
Martin ratio: Return relative to average drawdown	17.42	8.49	+8.92

FEXU.L vs. FEUD.L - Sharpe Ratio Comparison

The current FEXU.L Sharpe Ratio is 2.35, which is higher than the FEUD.L Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of FEXU.L and FEUD.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.

Drawdowns

FEXU.L vs. FEUD.L - Drawdown Comparison

The maximum FEXU.L drawdown since its inception was -39.38%, smaller than the maximum FEUD.L drawdown of -47.18%. Use the drawdown chart below to compare losses from any high point for FEXU.L and FEUD.L.

Drawdown Indicators

	FEXU.L	FEUD.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.38%	-47.18%	+7.80%
Max Drawdown (1Y) Largest decline over 1 year	-5.56%	-11.53%	+5.97%
Max Drawdown (3Y) Largest decline over 3 years	-20.15%	-15.92%	-4.23%
Max Drawdown (5Y) Largest decline over 5 years	-20.80%	-38.13%	+17.33%
Max Drawdown (10Y) Largest decline over 10 years	-39.38%	—	—
Current Drawdown Current decline from peak	-1.28%	-3.39%	+2.11%
Average Drawdown Average peak-to-trough decline	-4.39%	-12.12%	+7.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	3.29%	-1.63%

Volatility

FEXU.L vs. FEUD.L - Volatility Comparison

First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.L) and First Trust Eurozone AlphaDEX® UCITS ETF Class B Shares (FEUD.L) have volatilities of 4.08% and 3.89%, 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

	FEXU.L	FEUD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.08%	3.89%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	8.92%	13.44%	-4.52%
Volatility (1Y) Calculated over the trailing 1-year period	12.30%	16.07%	-3.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.31%	19.83%	-3.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.35%	21.34%	-3.99%

FEXU.L vs. FEUD.L - Expense Ratio Comparison

Both FEXU.L and FEUD.L have an expense ratio of 0.75%.

Dividends

FEXU.L vs. FEUD.L - Dividend Comparison

FEXU.L has not paid dividends to shareholders, while FEUD.L's dividend yield for the trailing twelve months is around 2.78%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FEUD.L First Trust Eurozone AlphaDEX® UCITS ETF Class B Shares	2.78%	3.05%	5.94%	2.76%	2.50%	1.95%	1.01%	1.78%
FEXU.L First Trust US Large Cap Core AlphaDEX UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEXU.L and FEUD.L in my portfolio?

FEXU.L and FEUD.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FEXU.L or FEUD.L?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FEXU.L or FEUD.L?

FEXU.L and FEUD.L have the same expense ratio: 0.75% per year.

What is the main difference between FEXU.L and FEUD.L?

FEXU.L is categorized as Large Cap Blend Equities, while FEUD.L is Europe Equities. FEXU.L tracks Russell 1000 TR USD, while FEUD.L tracks MSCI EMU NR EUR.