FGM vs. NVDA

Last updated Apr 2, 2026

Compare and contrast key facts about First Trust Germany AlphaDEX Fund (FGM) and NVIDIA Corporation (NVDA).

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.

Performance

FGM vs. NVDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Germany AlphaDEX Fund (FGM) and NVIDIA Corporation (NVDA). The values are adjusted to include any dividend payments, if applicable.

FGM vs. NVDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
NVDA NVIDIA Corporation	-5.76%	38.92%	171.25%	239.02%	-50.26%	125.48%	122.30%	76.94%	-30.82%	81.99%

Returns By Period

In the year-to-date period, FGM achieves a -1.81% return, which is significantly higher than NVDA's -5.76% return. Over the past 10 years, FGM has underperformed NVDA with an annualized return of 7.67%, while NVDA has yielded a comparatively higher 69.75% 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%

NVDA

• 1D: 0.77%
• 1M: -3.68%
• YTD: -5.76%
• 6M: -6.13%
• 1Y: 59.59%
• 3Y*: 85.01%
• 5Y*: 66.40%
• 10Y*: 69.75%

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

Return for Risk

FGM vs. NVDA — Risk / Return Rank

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

FGM

FGM Risk / Return Rank: 73
FGM Sharpe Ratio Rank: 77
FGM Sortino Ratio Rank: 78
FGM Omega Ratio Rank: 74
FGM Calmar Ratio Rank: 70
FGM Martin Ratio Rank: 67

NVDA

NVDA Risk / Return Rank: 82
NVDA Sharpe Ratio Rank: 83
NVDA Sortino Ratio Rank: 80
NVDA Omega Ratio Rank: 77
NVDA Calmar Ratio Rank: 86
NVDA Martin Ratio Rank: 84

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. NVDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Germany AlphaDEX Fund (FGM) and NVIDIA Corporation (NVDA). 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	NVDA	Difference
Sharpe ratio Return per unit of total volatility	1.46	1.45	+0.02
Sortino ratio Return per unit of downside risk	2.07	2.14	-0.07
Omega ratio Gain probability vs. loss probability	1.29	1.27	+0.02
Calmar ratio Return relative to maximum drawdown	1.94	3.08	-1.14
Martin ratio Return relative to average drawdown	7.32	7.73	-0.41
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. NVDA - Sharpe Ratio Comparison

The current FGM Sharpe Ratio is 1.46, which is comparable to the NVDA Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of FGM and NVDA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FGM	NVDA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	1.45	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	1.29	-1.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	1.40	-1.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.61	-0.29

Correlation

The correlation between FGM and NVDA is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FGM vs. NVDA - Dividend Comparison

FGM's dividend yield for the trailing twelve months is around 0.68%, more than NVDA's 0.02% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
NVDA NVIDIA Corporation	0.02%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%

Drawdowns

FGM vs. NVDA - Drawdown Comparison

The maximum FGM drawdown since its inception was -51.58%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for FGM and NVDA.

Drawdown Indicators

	FGM	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-51.58%	-89.72%	+38.14%
Max Drawdown (1Y) Largest decline over 1 year	-17.76%	-20.21%	+2.45%
Max Drawdown (5Y) Largest decline over 5 years	-51.07%	-66.34%	+15.27%
Max Drawdown (10Y) Largest decline over 10 years	-51.58%	-66.34%	+14.76%
Current Drawdown Current decline from peak	-12.71%	-15.10%	+2.39%
Average Drawdown Average peak-to-trough decline	-14.82%	-36.40%	+21.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.70%	8.05%	-3.35%

Volatility

FGM vs. NVDA - Volatility Comparison

The current volatility for First Trust Germany AlphaDEX Fund (FGM) is 9.39%, while NVIDIA Corporation (NVDA) has a volatility of 10.43%. This indicates that FGM experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGM	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.39%	10.43%	-1.04%
Volatility (6M) Calculated over the trailing 6-month period	14.97%	25.79%	-10.82%
Volatility (1Y) Calculated over the trailing 1-year period	22.69%	41.42%	-18.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.24%	51.72%	-27.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.95%	49.84%	-26.89%