FEXU.L vs. FTFX.L
FEXU.L (First Trust US Large Cap Core AlphaDEX UCITS ETF) and FTFX.L (First Trust FactorFX UCITS ETF Class A USD) are both exchange-traded funds - FEXU.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while FTFX.L is a Global Equities fund tracking the First Trust FactorFX UCITS ETF Class A USD. Both are passively managed. Over the past 5 years, FEXU.L returned 10.86%/yr vs 5.92%/yr for FTFX.L. At a 0.23 correlation, their price movements are largely independent.
Performance
FEXU.L vs. FTFX.L - Performance Comparison
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Returns By Period
In the year-to-date period, FEXU.L achieves a 13.98% return, which is significantly higher than FTFX.L's 6.72% return.
FEXU.L
- 1D
- -0.66%
- 1M
- -2.13%
- 6M
- 10.97%
- YTD
- 13.98%
- 1Y
- 23.64%
- 3Y*
- 17.77%
- 5Y*
- 10.86%
- 10Y*
- 12.38%
FTFX.L
- 1D
- 0.81%
- 1M
- 2.12%
- 6M
- 6.59%
- YTD
- 6.72%
- 1Y
- 10.31%
- 3Y*
- 6.78%
- 5Y*
- 5.92%
- 10Y*
- —
FEXU.L vs. FTFX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEXU.L First Trust US Large Cap Core AlphaDEX UCITS ETF | 13.98% | 15.23% | 16.68% | 14.66% | -12.27% | 26.82% | 13.52% | 26.07% | -11.03% | 9.36% |
FTFX.L First Trust FactorFX UCITS ETF Class A USD | 6.72% | 8.14% | 7.93% | 9.97% | -1.13% | -3.43% | 0.33% | 4.18% | 0.10% | 0.45% |
Correlation
The correlation between FEXU.L and FTFX.L is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2017 | 0.23 |
Over the past year, the correlation between FEXU.L and FTFX.L has dropped to 0.01 - well below their long-term average of 0.23, suggesting their price drivers have been diverging.
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Return for Risk
FEXU.L vs. FTFX.L — Risk / Return Rank
FEXU.L
FTFX.L
FEXU.L vs. FTFX.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 FactorFX UCITS ETF Class A USD (FTFX.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 | FTFX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.31 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.23 | 3.30 | +0.93 |
| Martin ratioReturn relative to average drawdown | 13.80 | 10.01 | +3.79 |
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Drawdowns
FEXU.L vs. FTFX.L - Drawdown Comparison
The maximum FEXU.L drawdown since its inception was -39.38%, which is greater than FTFX.L's maximum drawdown of -8.13%. Use the drawdown chart below to compare losses from any high point for FEXU.L and FTFX.L.
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Drawdown Indicators
| FEXU.L | FTFX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.38% | -8.13% | -31.25% |
Max Drawdown (1Y)Largest decline over 1 year | -5.56% | -2.97% | -2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -20.15% | -6.92% | -13.23% |
Max Drawdown (5Y)Largest decline over 5 years | -20.80% | -6.92% | -13.88% |
Max Drawdown (10Y)Largest decline over 10 years | -39.38% | — | — |
Current DrawdownCurrent decline from peak | -2.73% | 0.00% | -2.73% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -2.08% | -2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 0.98% | +0.73% |
Volatility
FEXU.L vs. FTFX.L - Volatility Comparison
First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.L) has a higher volatility of 3.96% compared to First Trust FactorFX UCITS ETF Class A USD (FTFX.L) at 1.26%. This indicates that FEXU.L's price experiences larger fluctuations and is considered to be riskier than FTFX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEXU.L | FTFX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 1.26% | +2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 9.47% | 4.37% | +5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.55% | 6.34% | +6.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.35% | 7.33% | +9.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.31% | 6.18% | +11.13% |
Dividends
FEXU.L vs. FTFX.L - Dividend Comparison
Neither FEXU.L nor FTFX.L has paid dividends to shareholders.
Frequently Asked Questions
FEXU.L and FTFX.L have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FEXU.L is categorized as Large Cap Blend Equities, while FTFX.L is Global Equities. FEXU.L tracks Russell 1000 TR USD, while FTFX.L tracks First Trust FactorFX UCITS ETF Class A USD.
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