FGM vs. EUSC

Last updated Jun 4, 2026

FGM (First Trust Germany AlphaDEX Fund) and EUSC (WisdomTree Europe Hedged SmallCap Equity Fund) are both Europe Equities funds - FGM tracks the NASDAQ AlphaDEX Germany Index while EUSC tracks the WisdomTree Europe Hedged SmallCap Equity Index. Both are passively managed. FGM charges 0.80%/yr vs 0.58%/yr for EUSC.

Performance

FGM vs. EUSC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Germany AlphaDEX Fund (FGM) and WisdomTree Europe Hedged SmallCap Equity Fund (EUSC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FGM

• 1D: -1.22%
• 1M: 2.88%
• YTD: 4.13%
• 6M: 9.75%
• 1Y: 19.41%
• 3Y*: 22.05%
• 5Y*: 4.19%
• 10Y*: 8.09%

EUSC

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FGM vs. EUSC - Yearly Performance Comparison

	2026 (YTD)
FGM First Trust Germany AlphaDEX Fund	-2.90%
EUSC WisdomTree Europe Hedged SmallCap Equity Fund	0.00%

FGM vs. EUSC - Sectors Allocation Comparison

Sectors	FGM	EUSC
Industrials	40.5%	20.1%
Consumer Cyclical	16.6%	9.1%
Real Estate	10.8%	9.3%
Basic Materials	9.0%	6.5%
Financial Services	8.2%	28.4%
Healthcare	6.4%	2.9%
Communication Services	3.2%	5.0%
Utilities	3.2%	6.5%
Consumer Defensive	2.2%	4.1%
Energy	-	3.7%
Technology	-	4.4%

Return for Risk

FGM vs. EUSC — Risk / Return Rank

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

FGM

FGM Risk / Return Rank: 25
FGM Sharpe Ratio Rank: 26
FGM Sortino Ratio Rank: 26
FGM Omega Ratio Rank: 26
FGM Calmar Ratio Rank: 23
FGM Martin Ratio Rank: 26

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.

FGM vs. EUSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Germany AlphaDEX Fund (FGM) and WisdomTree Europe Hedged SmallCap Equity Fund (EUSC). 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	EUSC	Difference
Sharpe ratio Return per unit of total volatility	0.95	—	—
Sortino ratio Return per unit of downside risk	1.42	—	—
Omega ratio Gain probability vs. loss probability	1.18	—	—
Calmar ratio Return relative to maximum drawdown	1.10	—	—
Martin ratio Return relative to average drawdown	3.48	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FGM	EUSC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	—	—

Drawdowns

FGM vs. EUSC - Drawdown Comparison

The maximum FGM drawdown since its inception was -51.58%, which is greater than EUSC's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FGM and EUSC.

Drawdown Indicators

	FGM	EUSC	Difference
Max Drawdown Largest peak-to-trough decline	-51.58%	0.00%	-51.58%
Max Drawdown (1Y) Largest decline over 1 year	-17.76%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.93%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-51.07%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.58%	—	—
Current Drawdown Current decline from peak	-7.43%	0.00%	-7.43%
Average Drawdown Average peak-to-trough decline	-14.74%	0.00%	-14.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.59%	—	—

Volatility

Volatility by Period

	FGM	EUSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.51%	0.00%	+20.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.48%	0.00%	+24.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.11%	0.00%	+23.11%

FGM vs. EUSC - Expense Ratio Comparison

FGM has a 0.80% expense ratio, which is higher than EUSC's 0.58% expense ratio.

Dividends

FGM vs. EUSC - Dividend Comparison

FGM's dividend yield for the trailing twelve months is around 0.64%, while EUSC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUSC WisdomTree Europe Hedged SmallCap Equity Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FGM First Trust Germany AlphaDEX Fund	0.64%	0.66%	2.56%	2.82%	5.44%	1.43%	1.33%	2.30%	2.18%	2.11%	1.33%	1.13%

Frequently Asked Questions

Which ETF is better, FGM or EUSC?

On fees, EUSC is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FGM or EUSC?

EUSC is cheaper with a 0.58% expense ratio, compared with 0.80% for FGM.

Which ETF pays a higher dividend yield, FGM or EUSC?

FGM has the higher dividend yield at 0.64%, compared with 0.00% for EUSC.

What is the main difference between FGM and EUSC?

FGM tracks NASDAQ AlphaDEX Germany Index, while EUSC tracks WisdomTree Europe Hedged SmallCap Equity Index. They also come from different issuers: First Trust and WisdomTree. Their fees differ too: 0.80% for FGM and 0.58% for EUSC.