FGM vs. KBWP
Compare and contrast key facts about First Trust Germany AlphaDEX Fund (FGM) and Invesco KBW Property & Casualty Insurance ETF (KBWP).
FGM and KBWP 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. KBWP is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Property & Casualty (TR). It was launched on Dec 2, 2010. Both FGM and KBWP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGM or KBWP.
Correlation
The correlation between FGM and KBWP 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.
Performance
FGM vs. KBWP - Performance Comparison
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Key characteristics
FGM:
1.40
KBWP:
0.87
FGM:
2.13
KBWP:
1.27
FGM:
1.28
KBWP:
1.18
FGM:
0.98
KBWP:
1.47
FGM:
6.58
KBWP:
3.67
FGM:
5.15%
KBWP:
4.93%
FGM:
23.56%
KBWP:
20.14%
FGM:
-51.58%
KBWP:
-39.77%
FGM:
-2.97%
KBWP:
-1.75%
Returns By Period
In the year-to-date period, FGM achieves a 35.67% return, which is significantly higher than KBWP's 6.42% return. Over the past 10 years, FGM has underperformed KBWP with an annualized return of 5.24%, while KBWP has yielded a comparatively higher 13.48% annualized return.
FGM
35.67%
16.39%
36.73%
32.48%
10.91%
5.24%
KBWP
6.42%
6.09%
3.37%
17.10%
21.92%
13.48%
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FGM vs. KBWP - Expense Ratio Comparison
FGM has a 0.80% expense ratio, which is higher than KBWP's 0.35% expense ratio.
Risk-Adjusted Performance
FGM vs. KBWP — Risk-Adjusted Performance Rank
FGM
KBWP
FGM vs. KBWP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Germany AlphaDEX Fund (FGM) and Invesco KBW Property & Casualty Insurance ETF (KBWP). 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.
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Dividends
FGM vs. KBWP - Dividend Comparison
FGM's dividend yield for the trailing twelve months is around 1.60%, less than KBWP's 1.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGM First Trust Germany AlphaDEX Fund | 1.60% | 2.56% | 2.82% | 5.44% | 1.43% | 1.33% | 2.30% | 2.18% | 2.11% | 1.33% | 1.13% | 1.92% |
KBWP Invesco KBW Property & Casualty Insurance ETF | 1.69% | 1.64% | 1.68% | 1.99% | 3.02% | 1.93% | 1.99% | 2.11% | 1.90% | 2.14% | 1.35% | 2.73% |
Drawdowns
FGM vs. KBWP - Drawdown Comparison
The maximum FGM drawdown since its inception was -51.58%, which is greater than KBWP's maximum drawdown of -39.77%. Use the drawdown chart below to compare losses from any high point for FGM and KBWP. For additional features, visit the drawdowns tool.
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Volatility
FGM vs. KBWP - Volatility Comparison
First Trust Germany AlphaDEX Fund (FGM) has a higher volatility of 6.22% compared to Invesco KBW Property & Casualty Insurance ETF (KBWP) at 5.91%. This indicates that FGM's price experiences larger fluctuations and is considered to be riskier than KBWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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