FJP vs. IAUM
Compare and contrast key facts about First Trust Japan AlphaDEX Fund (FJP) and iShares Gold Trust Micro (IAUM).
FJP and IAUM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FJP is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Japan Index. It was launched on Apr 18, 2011. IAUM is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price. It was launched on Jun 15, 2021. Both FJP and IAUM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FJP vs. IAUM - Performance Comparison
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FJP vs. IAUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FJP First Trust Japan AlphaDEX Fund | 11.49% | 33.60% | 5.80% | 23.00% | -12.83% | -2.12% |
IAUM iShares Gold Trust Micro | 10.49% | 64.27% | 27.04% | 13.12% | -0.49% | 3.87% |
Returns By Period
In the year-to-date period, FJP achieves a 11.49% return, which is significantly higher than IAUM's 10.49% return.
FJP
- 1D
- 3.00%
- 1M
- -7.04%
- YTD
- 11.49%
- 6M
- 17.65%
- 1Y
- 41.85%
- 3Y*
- 21.92%
- 5Y*
- 9.87%
- 10Y*
- 7.83%
IAUM
- 1D
- 1.71%
- 1M
- -10.65%
- YTD
- 10.49%
- 6M
- 23.22%
- 1Y
- 52.68%
- 3Y*
- 34.12%
- 5Y*
- —
- 10Y*
- —
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FJP vs. IAUM - Expense Ratio Comparison
FJP has a 0.80% expense ratio, which is higher than IAUM's 0.09% expense ratio.
Return for Risk
FJP vs. IAUM — Risk / Return Rank
FJP
IAUM
FJP vs. IAUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Japan AlphaDEX Fund (FJP) and iShares Gold Trust Micro (IAUM). 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.
| FJP | IAUM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.88 | 1.92 | -0.04 |
Sortino ratioReturn per unit of downside risk | 2.45 | 2.35 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.80 | 2.74 | +0.07 |
Martin ratioReturn relative to average drawdown | 10.48 | 10.02 | +0.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FJP | IAUM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 1.92 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 1.31 | -0.99 |
Correlation
The correlation between FJP and IAUM is 0.24, 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
FJP vs. IAUM - Dividend Comparison
FJP's dividend yield for the trailing twelve months is around 2.56%, while IAUM has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FJP First Trust Japan AlphaDEX Fund | 2.56% | 2.68% | 3.18% | 3.49% | 2.21% | 2.43% | 0.99% | 2.80% | 1.54% | 1.29% | 1.46% | 0.85% |
IAUM iShares Gold Trust Micro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FJP vs. IAUM - Drawdown Comparison
The maximum FJP drawdown since its inception was -41.51%, which is greater than IAUM's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for FJP and IAUM.
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Drawdown Indicators
| FJP | IAUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.51% | -20.87% | -20.64% |
Max Drawdown (1Y)Largest decline over 1 year | -14.43% | -19.15% | +4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -31.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.51% | — | — |
Current DrawdownCurrent decline from peak | -8.63% | -11.69% | +3.06% |
Average DrawdownAverage peak-to-trough decline | -11.51% | -4.99% | -6.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 5.23% | -1.37% |
Volatility
FJP vs. IAUM - Volatility Comparison
The current volatility for First Trust Japan AlphaDEX Fund (FJP) is 8.60%, while iShares Gold Trust Micro (IAUM) has a volatility of 10.38%. This indicates that FJP experiences smaller price fluctuations and is considered to be less risky than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FJP | IAUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.60% | 10.38% | -1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 14.69% | 24.00% | -9.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.39% | 27.53% | -5.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.03% | 17.79% | +2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.77% | 17.79% | +0.98% |