FGM vs. MOOD

Last updated Jun 13, 2026

FGM (First Trust Germany AlphaDEX Fund) and MOOD (Relative Sentiment Tactical Allocation ETF) are both exchange-traded funds - FGM is a Europe Equities fund tracking the NASDAQ AlphaDEX Germany Index, while MOOD is a Tactical Allocation fund actively managed by Relative Sentiment. FGM is passively managed, while MOOD is actively managed. Over the past 3 years, FGM returned 20.38%/yr vs 20.20%/yr for MOOD. A 0.63 correlation means they provide meaningful diversification when combined. FGM charges 0.80%/yr vs 0.68%/yr for MOOD.

Performance

FGM vs. MOOD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Germany AlphaDEX Fund (FGM) and Relative Sentiment Tactical Allocation ETF (MOOD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGM achieves a 3.19% return, which is significantly lower than MOOD's 14.12% return.

FGM

• 1D: 1.21%
• 1M: -2.19%
• YTD: 3.19%
• 6M: 4.60%
• 1Y: 18.86%
• 3Y*: 20.38%
• 5Y*: 4.13%
• 10Y*: 8.76%

MOOD

• 1D: 0.41%
• 1M: 0.95%
• YTD: 14.12%
• 6M: 15.59%
• 1Y: 34.43%
• 3Y*: 20.20%
• 5Y*: —
• 10Y*: —

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

FGM vs. MOOD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FGM First Trust Germany AlphaDEX Fund	3.19%	63.60%	1.36%	13.28%	-6.74%
MOOD Relative Sentiment Tactical Allocation ETF	14.12%	30.39%	12.53%	12.56%	-3.31%

Correlation

The correlation between FGM and MOOD is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (All Time) Calculated using the full available price history since May 19, 2022	0.63

The correlation between FGM and MOOD has been stable across timeframes, ranging from 0.63 to 0.67 - a consistent structural relationship.

FGM vs. MOOD - Sectors Allocation Comparison

Sectors	FGM	MOOD
Industrials	40.5%	12.6%
Consumer Cyclical	16.6%	9.5%
Real Estate	10.8%	2.5%
Basic Materials	9.0%	4.4%
Financial Services	8.2%	15.7%
Healthcare	6.4%	8.4%
Communication Services	3.2%	7.9%
Utilities	3.2%	2.7%
Consumer Defensive	2.2%	5.1%
Energy	-	3.7%
Technology	-	27.6%

Return for Risk

FGM vs. MOOD — 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: 25
FGM Calmar Ratio Rank: 24
FGM Martin Ratio Rank: 25

MOOD

MOOD Risk / Return Rank: 77
MOOD Sharpe Ratio Rank: 83
MOOD Sortino Ratio Rank: 70
MOOD Omega Ratio Rank: 86
MOOD Calmar Ratio Rank: 77
MOOD Martin Ratio Rank: 67

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. MOOD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Germany AlphaDEX Fund (FGM) and Relative Sentiment Tactical Allocation ETF (MOOD). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FGM	MOOD	Difference
Sharpe ratio: Return per unit of total volatility	0.84	2.32	-1.48
Sortino ratio: Return per unit of downside risk	1.28	2.76	-1.47
Omega ratio: Gain probability vs. loss probability	1.16	1.45	-0.30
Calmar ratio: Return relative to maximum drawdown	0.98	3.46	-2.48
Martin ratio: Return relative to average drawdown	3.01	10.68	-7.67

FGM vs. MOOD - Sharpe Ratio Comparison

The current FGM Sharpe Ratio is 0.84, which is lower than the MOOD Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of FGM and MOOD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FGM vs. MOOD - Drawdown Comparison

The maximum FGM drawdown since its inception was -51.58%, which is greater than MOOD's maximum drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for FGM and MOOD.

Drawdown Indicators

	FGM	MOOD	Difference
Max Drawdown Largest peak-to-trough decline	-51.58%	-14.34%	-37.24%
Max Drawdown (1Y) Largest decline over 1 year	-17.76%	-9.71%	-8.05%
Max Drawdown (3Y) Largest decline over 3 years	-17.93%	-9.71%	-8.22%
Max Drawdown (5Y) Largest decline over 5 years	-50.22%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.58%	—	—
Current Drawdown Current decline from peak	-8.26%	-0.86%	-7.40%
Average Drawdown Average peak-to-trough decline	-14.72%	-2.32%	-12.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.81%	3.14%	+2.67%

Volatility

FGM vs. MOOD - Volatility Comparison

First Trust Germany AlphaDEX Fund (FGM) has a higher volatility of 6.75% compared to Relative Sentiment Tactical Allocation ETF (MOOD) at 4.19%. This indicates that FGM's price experiences larger fluctuations and is considered to be riskier than MOOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGM	MOOD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.75%	4.19%	+2.56%
Volatility (6M) Calculated over the trailing 6-month period	17.55%	12.73%	+4.82%
Volatility (1Y) Calculated over the trailing 1-year period	20.94%	14.49%	+6.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.54%	12.13%	+12.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.11%	12.13%	+10.98%

FGM vs. MOOD - Expense Ratio Comparison

FGM has a 0.80% expense ratio, which is higher than MOOD's 0.68% expense ratio.

Dividends

FGM vs. MOOD - Dividend Comparison

FGM's dividend yield for the trailing twelve months is around 0.64%, more than MOOD's 0.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
MOOD Relative Sentiment Tactical Allocation ETF	0.35%	0.40%	1.33%	1.34%	1.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FGM and MOOD in my portfolio?

FGM and MOOD have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGM or MOOD?

FGM has higher volatility (6.75%) compared to MOOD (4.19%). In terms of maximum drawdown, FGM dropped -51.58% vs MOOD's -14.34%.

Which ETF is better, FGM or MOOD?

On 3-year performance, FGM leads with 20.38% vs 20.20% for MOOD. On fees, MOOD is cheaper at 0.68% per year. On volatility, MOOD has been the lower-risk option at 4.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FGM or MOOD?

Over the 3-year period, FGM has performed better with a 20.38% return vs 20.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FGM or MOOD?

MOOD is cheaper with a 0.68% expense ratio, compared with 0.80% for FGM.

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

FGM has the higher dividend yield at 0.64%, compared with 0.35% for MOOD.

What is the main difference between FGM and MOOD?

FGM is categorized as Europe Equities, while MOOD is Tactical Allocation. They also come from different issuers: First Trust and Relative Sentiment. Their fees differ too: 0.80% for FGM and 0.68% for MOOD.

Which has better risk-adjusted returns?

MOOD currently has the higher Sharpe Ratio (2.32 vs 0.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.