FGM vs. EUAD
Compare and contrast key facts about First Trust Germany AlphaDEX Fund (FGM) and Select STOXX Europe Aerospace & Defense ETF (EUAD).
FGM and EUAD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FGM is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Germany Index. It was launched on Feb 14, 2012. EUAD is a passively managed fund by Select Funds that tracks the performance of the STOXX Europe Total Market Aerospace & Defense Index. It was launched on Oct 22, 2024. Both FGM and EUAD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FGM vs. EUAD - Performance Comparison
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FGM vs. EUAD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FGM First Trust Germany AlphaDEX Fund | -3.76% | 63.60% | -1.63% |
EUAD Select STOXX Europe Aerospace & Defense ETF | -3.30% | 74.51% | -3.62% |
Returns By Period
In the year-to-date period, FGM achieves a -3.76% return, which is significantly lower than EUAD's -3.30% return.
FGM
- 1D
- 3.66%
- 1M
- -13.63%
- YTD
- -3.76%
- 6M
- 2.12%
- 1Y
- 31.71%
- 3Y*
- 18.62%
- 5Y*
- 4.51%
- 10Y*
- 7.46%
EUAD
- 1D
- 4.97%
- 1M
- -12.63%
- YTD
- -3.30%
- 6M
- -12.91%
- 1Y
- 22.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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FGM vs. EUAD - Expense Ratio Comparison
FGM has a 0.80% expense ratio, which is higher than EUAD's 0.50% expense ratio.
Return for Risk
FGM vs. EUAD — Risk / Return Rank
FGM
EUAD
FGM vs. EUAD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Germany AlphaDEX Fund (FGM) and Select STOXX Europe Aerospace & Defense ETF (EUAD). 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.
| FGM | EUAD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 0.77 | +0.64 |
Sortino ratioReturn per unit of downside risk | 2.00 | 1.18 | +0.82 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.15 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.09 | +0.53 |
Martin ratioReturn relative to average drawdown | 6.22 | 3.21 | +3.02 |
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
| FGM | EUAD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 0.77 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 1.44 | -1.12 |
Correlation
The correlation between FGM and EUAD is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FGM vs. EUAD - Dividend Comparison
FGM's dividend yield for the trailing twelve months is around 0.69%, more than EUAD's 0.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGM First Trust Germany AlphaDEX Fund | 0.69% | 0.66% | 2.56% | 2.82% | 5.44% | 1.43% | 1.33% | 2.30% | 2.18% | 2.11% | 1.33% | 1.13% |
EUAD Select STOXX Europe Aerospace & Defense ETF | 0.41% | 0.40% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FGM vs. EUAD - Drawdown Comparison
The maximum FGM drawdown since its inception was -51.58%, which is greater than EUAD's maximum drawdown of -19.61%. Use the drawdown chart below to compare losses from any high point for FGM and EUAD.
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Drawdown Indicators
| FGM | EUAD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.58% | -19.61% | -31.97% |
Max Drawdown (1Y)Largest decline over 1 year | -17.76% | -19.61% | +1.85% |
Max Drawdown (5Y)Largest decline over 5 years | -51.07% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.58% | — | — |
Current DrawdownCurrent decline from peak | -14.44% | -15.62% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -14.82% | -4.56% | -10.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.63% | 6.68% | -2.05% |
Volatility
FGM vs. EUAD - Volatility Comparison
The current volatility for First Trust Germany AlphaDEX Fund (FGM) is 9.99%, while Select STOXX Europe Aerospace & Defense ETF (EUAD) has a volatility of 12.28%. This indicates that FGM experiences smaller price fluctuations and is considered to be less risky than EUAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGM | EUAD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.99% | 12.28% | -2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 14.86% | 19.72% | -4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.73% | 28.77% | -6.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.23% | 28.32% | -4.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.95% | 28.32% | -5.37% |