FHG.TO vs. QIF.NEO
FHG.TO (First Trust AlphaDEX U.S. Industrials Sector Index ETF) and QIF.NEO (AGF Systematic Global Infrastructure ETF) are both Industrials Equities funds. FHG.TO is passively managed, while QIF.NEO is actively managed. Over the past 5 years, FHG.TO returned 11.58%/yr vs 11.27%/yr for QIF.NEO. At a 0.24 correlation, their price movements are largely independent.
Performance
FHG.TO vs. QIF.NEO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FHG.TO having a 13.37% return and QIF.NEO slightly higher at 13.73%.
FHG.TO
- 1D
- 0.89%
- 1M
- -0.52%
- 6M
- 4.59%
- YTD
- 13.37%
- 1Y
- 19.43%
- 3Y*
- 16.34%
- 5Y*
- 11.58%
- 10Y*
- 13.82%
QIF.NEO
- 1D
- -0.49%
- 1M
- -0.40%
- 6M
- 10.78%
- YTD
- 13.73%
- 1Y
- 22.63%
- 3Y*
- 17.37%
- 5Y*
- 11.27%
- 10Y*
- —
FHG.TO vs. QIF.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHG.TO First Trust AlphaDEX U.S. Industrials Sector Index ETF | 13.37% | 2.40% | 26.33% | 23.13% | -11.70% | 27.10% | 7.70% | 29.30% | -7.46% |
QIF.NEO AGF Systematic Global Infrastructure ETF | 13.73% | 14.80% | 21.37% | 4.72% | -2.67% | 20.54% | -8.96% | 20.89% | 5.27% |
Correlation
The correlation between FHG.TO and QIF.NEO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2018 | 0.24 |
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Return for Risk
FHG.TO vs. QIF.NEO — Risk / Return Rank
FHG.TO
QIF.NEO
FHG.TO vs. QIF.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust AlphaDEX U.S. Industrials Sector Index ETF (FHG.TO) and AGF Systematic Global Infrastructure ETF (QIF.NEO). 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.
| FHG.TO | QIF.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.43 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 4.89 | -3.39 |
| Martin ratioReturn relative to average drawdown | 4.69 | 13.28 | -8.60 |
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Drawdowns
FHG.TO vs. QIF.NEO - Drawdown Comparison
The maximum FHG.TO drawdown since its inception was -38.86%, which is greater than QIF.NEO's maximum drawdown of -30.71%. Use the drawdown chart below to compare losses from any high point for FHG.TO and QIF.NEO.
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Drawdown Indicators
| FHG.TO | QIF.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.86% | -30.71% | -8.15% |
Max Drawdown (1Y)Largest decline over 1 year | -13.01% | -4.67% | -8.34% |
Max Drawdown (3Y)Largest decline over 3 years | -25.15% | -10.29% | -14.86% |
Max Drawdown (5Y)Largest decline over 5 years | -25.15% | -15.54% | -9.61% |
Max Drawdown (10Y)Largest decline over 10 years | -38.86% | — | — |
Current DrawdownCurrent decline from peak | -3.09% | -2.34% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -6.06% | -4.33% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 1.71% | +2.45% |
Volatility
FHG.TO vs. QIF.NEO - Volatility Comparison
First Trust AlphaDEX U.S. Industrials Sector Index ETF (FHG.TO) has a higher volatility of 5.00% compared to AGF Systematic Global Infrastructure ETF (QIF.NEO) at 2.29%. This indicates that FHG.TO's price experiences larger fluctuations and is considered to be riskier than QIF.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHG.TO | QIF.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 2.29% | +2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 14.93% | 7.76% | +7.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.24% | 9.72% | +9.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.90% | 11.66% | +7.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.79% | 14.78% | +5.01% |
Dividends
FHG.TO vs. QIF.NEO - Dividend Comparison
FHG.TO's dividend yield for the trailing twelve months is around 0.57%, less than QIF.NEO's 5.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHG.TO First Trust AlphaDEX U.S. Industrials Sector Index ETF | 0.57% | 0.40% | 1.09% | 0.77% | 1.33% | 0.34% | 1.11% | 0.57% | 1.36% | 0.54% | 0.24% | 0.58% |
QIF.NEO AGF Systematic Global Infrastructure ETF | 5.14% | 5.32% | 4.60% | 3.61% | 3.22% | 3.05% | 3.12% | 3.16% | 2.24% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FHG.TO and QIF.NEO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: First Trust and AGF.
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