FGM vs. FPX
Compare and contrast key facts about First Trust Germany AlphaDEX Fund (FGM) and First Trust US Equity Opportunities ETF (FPX).
FGM and FPX 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. FPX is a passively managed fund by First Trust that tracks the performance of the IPOX-100 U.S. Index. It was launched on Apr 12, 2006. Both FGM and FPX 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. FPX - Performance Comparison
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FGM vs. FPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGM First Trust Germany AlphaDEX Fund | -3.76% | 63.60% | 1.36% | 13.28% | -30.46% | 6.10% | 17.26% | 20.77% | -25.14% | 44.28% |
FPX First Trust US Equity Opportunities ETF | -2.88% | 37.62% | 24.75% | 22.26% | -35.11% | 3.69% | 47.89% | 30.37% | -8.35% | 27.03% |
Returns By Period
In the year-to-date period, FGM achieves a -3.76% return, which is significantly lower than FPX's -2.88% return. Over the past 10 years, FGM has underperformed FPX with an annualized return of 7.46%, while FPX has yielded a comparatively higher 12.79% annualized 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%
FPX
- 1D
- 4.38%
- 1M
- -4.68%
- YTD
- -2.88%
- 6M
- -4.25%
- 1Y
- 42.94%
- 3Y*
- 23.97%
- 5Y*
- 5.98%
- 10Y*
- 12.79%
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FGM vs. FPX - Expense Ratio Comparison
FGM has a 0.80% expense ratio, which is higher than FPX's 0.57% expense ratio.
Return for Risk
FGM vs. FPX — Risk / Return Rank
FGM
FPX
FGM vs. FPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Germany AlphaDEX Fund (FGM) and First Trust US Equity Opportunities ETF (FPX). 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 | FPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 1.47 | -0.06 |
Sortino ratioReturn per unit of downside risk | 2.00 | 2.04 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.28 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.62 | 2.99 | -1.37 |
Martin ratioReturn relative to average drawdown | 6.22 | 10.16 | -3.93 |
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 | FPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.47 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.23 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.53 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.52 | -0.20 |
Correlation
The correlation between FGM and FPX is 0.53, 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. FPX - Dividend Comparison
FGM's dividend yield for the trailing twelve months is around 0.69%, more than FPX's 0.59% 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% |
FPX First Trust US Equity Opportunities ETF | 0.59% | 0.53% | 0.09% | 0.27% | 1.08% | 0.14% | 0.28% | 0.67% | 0.88% | 0.68% | 0.77% | 0.62% |
Drawdowns
FGM vs. FPX - Drawdown Comparison
The maximum FGM drawdown since its inception was -51.58%, smaller than the maximum FPX drawdown of -56.29%. Use the drawdown chart below to compare losses from any high point for FGM and FPX.
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Drawdown Indicators
| FGM | FPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.58% | -56.29% | +4.71% |
Max Drawdown (1Y)Largest decline over 1 year | -17.76% | -14.19% | -3.57% |
Max Drawdown (5Y)Largest decline over 5 years | -51.07% | -43.14% | -7.93% |
Max Drawdown (10Y)Largest decline over 10 years | -51.58% | -43.14% | -8.44% |
Current DrawdownCurrent decline from peak | -14.44% | -8.22% | -6.22% |
Average DrawdownAverage peak-to-trough decline | -14.82% | -11.43% | -3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.63% | 4.18% | +0.45% |
Volatility
FGM vs. FPX - Volatility Comparison
First Trust Germany AlphaDEX Fund (FGM) has a higher volatility of 9.99% compared to First Trust US Equity Opportunities ETF (FPX) at 9.13%. This indicates that FGM's price experiences larger fluctuations and is considered to be riskier than FPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGM | FPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.99% | 9.13% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 14.86% | 18.62% | -3.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.73% | 29.34% | -6.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.23% | 26.54% | -2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.95% | 24.17% | -1.22% |