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FGM vs. FDD
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FGM vs. FDD

Last updated Apr 2, 2026

Compare and contrast key facts about First Trust Germany AlphaDEX Fund (FGM) and First Trust STOXX European Select Dividend Index Fund (FDD).

FGM and FDD 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. FDD is a passively managed fund by First Trust that tracks the performance of the STOXX Europe Select Dividend 30. It was launched on Aug 27, 2007. Both FGM and FDD 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. FDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Germany AlphaDEX Fund (FGM) and First Trust STOXX European Select Dividend Index Fund (FDD). The values are adjusted to include any dividend payments, if applicable.

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FGM vs. FDD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FGM
First Trust Germany AlphaDEX Fund		-1.81%63.60%1.36%13.28%-30.46%6.10%17.26%20.77%-25.14%44.28%
FDD
First Trust STOXX European Select Dividend Index Fund		3.33%62.50%0.28%14.16%-16.14%16.03%-3.80%23.79%-8.98%19.07%

Returns By Period

In the year-to-date period, FGM achieves a -1.81% return, which is significantly lower than FDD's 3.33% return. Over the past 10 years, FGM has underperformed FDD with an annualized return of 7.67%, while FDD has yielded a comparatively higher 9.55% annualized return.

FGM

1D
2.03%
1M
-8.60%
YTD
-1.81%
6M
2.78%
1Y
33.05%
3Y*
19.41%
5Y*
4.93%
10Y*
7.67%

FDD

1D
1.18%
1M
-2.31%
YTD
3.33%
6M
12.45%
1Y
38.38%
3Y*
23.12%
5Y*
10.95%
10Y*
9.55%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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First Trust Germany AlphaDEX Fund

First Trust STOXX European Select Dividend Index Fund

Often compared with FGM:
FGM vs. EWGFGM vs. DAXFGM vs. FEUZFGM vs. EXS1.DEFGM vs. FLGRFGM vs. KBWPFGM vs. VGT
Often compared with FDD:
FDD vs. EUFNFDD vs. VTIFDD vs. FLAXFDD vs. RFEUFDD vs. VUAA.LFDD vs. IQDFFDD vs. DVY

FGM vs. FDD - Expense Ratio Comparison

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

FGM
First Trust Germany AlphaDEX Fund
FDD
First Trust STOXX European Select Dividend Index Fund

Return for Risk

FGM vs. FDD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FGM
FGM Risk / Return Rank: 7373
Overall Rank
FGM Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
FGM Sortino Ratio Rank: 7878
Sortino Ratio Rank
FGM Omega Ratio Rank: 7474
Omega Ratio Rank
FGM Calmar Ratio Rank: 7070
Calmar Ratio Rank
FGM Martin Ratio Rank: 6767
Martin Ratio Rank
FDD
FDD Risk / Return Rank: 9191
Overall Rank
FDD Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
FDD Sortino Ratio Rank: 9191
Sortino Ratio Rank
FDD Omega Ratio Rank: 9292
Omega Ratio Rank
FDD Calmar Ratio Rank: 9292
Calmar Ratio Rank
FDD Martin Ratio Rank: 9191
Martin Ratio Rank
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. FDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Germany AlphaDEX Fund (FGM) and First Trust STOXX European Select Dividend Index Fund (FDD). 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.

FGMFDDDifference

Sharpe ratio

Return per unit of total volatility

1.46

2.07

-0.60

Sortino ratio

Return per unit of downside risk

2.07

2.73

-0.66

Omega ratio

Gain probability vs. loss probability

1.29

1.41

-0.12

Calmar ratio

Return relative to maximum drawdown

1.94

3.37

-1.44

Martin ratio

Return relative to average drawdown

7.32

12.88

-5.56

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGM vs. FDD - Sharpe Ratio Comparison

The current FGM Sharpe Ratio is 1.46, which is comparable to the FDD Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of FGM and FDD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

FGMFDDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.46

2.07

-0.60

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.20

0.60

-0.40

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.34

0.48

-0.14

Sharpe Ratio (All Time)

Calculated using the full available price history

0.33

0.08

+0.25

Correlation

The correlation between FGM and FDD is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FGM vs. FDD - Dividend Comparison

FGM's dividend yield for the trailing twelve months is around 0.68%, less than FDD's 3.83% yield.

TTM20252024202320222021202020192018201720162015
FGM
First Trust Germany AlphaDEX Fund		0.68%0.66%2.56%2.82%5.44%1.43%1.33%2.30%2.18%2.11%1.33%1.13%
FDD
First Trust STOXX European Select Dividend Index Fund		3.83%3.99%7.65%6.85%6.07%3.44%4.01%4.69%5.05%2.78%4.88%4.35%

Drawdowns

FGM vs. FDD - Drawdown Comparison

The maximum FGM drawdown since its inception was -51.58%, smaller than the maximum FDD drawdown of -74.77%. Use the drawdown chart below to compare losses from any high point for FGM and FDD.

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Drawdown Indicators

FGMFDDDifference

Max Drawdown

Largest peak-to-trough decline

-51.58%

-74.77%

+23.19%

Max Drawdown (1Y)

Largest decline over 1 year

-17.76%

-11.44%

-6.32%

Max Drawdown (5Y)

Largest decline over 5 years

-51.07%

-35.11%

-15.96%

Max Drawdown (10Y)

Largest decline over 10 years

-51.58%

-41.43%

-10.15%

Current Drawdown

Current decline from peak

-12.71%

-4.58%

-8.13%

Average Drawdown

Average peak-to-trough decline

-14.82%

-35.78%

+20.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.70%

3.00%

+1.70%

Volatility

FGM vs. FDD - Volatility Comparison

First Trust Germany AlphaDEX Fund (FGM) has a higher volatility of 9.39% compared to First Trust STOXX European Select Dividend Index Fund (FDD) at 7.06%. This indicates that FGM's price experiences larger fluctuations and is considered to be riskier than FDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FGMFDDDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.39%

7.06%

+2.33%

Volatility (6M)

Calculated over the trailing 6-month period

14.97%

11.45%

+3.52%

Volatility (1Y)

Calculated over the trailing 1-year period

22.69%

18.64%

+4.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.24%

18.26%

+5.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.95%

20.10%

+2.85%