Correlation
The correlation between FGM and SHLD is 0.52, 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.
FGM vs. SHLD
Compare and contrast key facts about First Trust Germany AlphaDEX Fund (FGM) and Global X Defense Tech ETF (SHLD).
FGM and SHLD 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. SHLD is a passively managed fund by Global X that tracks the performance of the Global X Defense Tech Index - Benchmark TR Net. It was launched on Sep 11, 2023. Both FGM and SHLD 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 SHLD.
Performance
FGM vs. SHLD - Performance Comparison
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Key characteristics
FGM:
1.77
SHLD:
3.26
FGM:
2.43
SHLD:
3.98
FGM:
1.32
SHLD:
1.59
FGM:
1.16
SHLD:
6.16
FGM:
8.28
SHLD:
18.03
FGM:
4.85%
SHLD:
3.73%
FGM:
23.78%
SHLD:
22.08%
FGM:
-51.58%
SHLD:
-10.92%
FGM:
-0.47%
SHLD:
-0.54%
Returns By Period
In the year-to-date period, FGM achieves a 42.70% return, which is significantly lower than SHLD's 51.30% return.
FGM
42.70%
8.00%
44.54%
41.32%
13.06%
9.80%
5.93%
SHLD
51.30%
9.82%
44.80%
71.21%
N/A
N/A
N/A
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FGM vs. SHLD - Expense Ratio Comparison
FGM has a 0.80% expense ratio, which is higher than SHLD's 0.50% expense ratio.
Risk-Adjusted Performance
FGM vs. SHLD — Risk-Adjusted Performance Rank
FGM
SHLD
FGM vs. SHLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Germany AlphaDEX Fund (FGM) and Global X Defense Tech ETF (SHLD). 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. SHLD - Dividend Comparison
FGM's dividend yield for the trailing twelve months is around 1.52%, more than SHLD's 0.35% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGM First Trust Germany AlphaDEX Fund | 1.52% | 2.56% | 2.82% | 5.44% | 1.43% | 1.33% | 2.30% | 2.18% | 2.11% | 1.33% | 1.13% | 1.92% |
SHLD Global X Defense Tech ETF | 0.35% | 0.53% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FGM vs. SHLD - Drawdown Comparison
The maximum FGM drawdown since its inception was -51.58%, which is greater than SHLD's maximum drawdown of -10.92%. Use the drawdown chart below to compare losses from any high point for FGM and SHLD.
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Volatility
FGM vs. SHLD - Volatility Comparison
The current volatility for First Trust Germany AlphaDEX Fund (FGM) is 5.37%, while Global X Defense Tech ETF (SHLD) has a volatility of 6.34%. This indicates that FGM experiences smaller price fluctuations and is considered to be less risky than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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