FJP vs. RBIL
FJP (First Trust Japan AlphaDEX Fund) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - FJP is a Japan Equities fund tracking the NASDAQ AlphaDEX Japan Index, while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. Both are passively managed. Over the past year, FJP returned 33.53% vs 4.57% for RBIL. At a correlation of -0.12, they often move in opposite directions. FJP charges 0.80%/yr vs 0.17%/yr for RBIL.
Performance
FJP vs. RBIL - Performance Comparison
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Returns By Period
In the year-to-date period, FJP achieves a 14.28% return, which is significantly higher than RBIL's 2.70% return.
FJP
- 1D
- 0.00%
- 1M
- 2.90%
- YTD
- 14.28%
- 6M
- 15.85%
- 1Y
- 33.53%
- 3Y*
- 21.60%
- 5Y*
- 10.81%
- 10Y*
- 7.48%
RBIL
- 1D
- 0.06%
- 1M
- 0.38%
- YTD
- 2.70%
- 6M
- 2.79%
- 1Y
- 4.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FJP vs. RBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FJP First Trust Japan AlphaDEX Fund | 14.28% | 27.23% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 2.70% | 2.91% |
Correlation
The correlation between FJP and RBIL is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.21 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2025 | -0.12 |
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Return for Risk
FJP vs. RBIL — Risk / Return Rank
FJP
RBIL
FJP vs. RBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Japan AlphaDEX Fund (FJP) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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 | RBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.38 | ||
| Sortino ratioReturn per unit of downside risk | -5.64 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 2.39 | -1.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 17.00 | -14.66 |
| Martin ratioReturn relative to average drawdown | 7.20 | 70.66 | -63.46 |
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 | RBIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 5.01 | -3.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 4.28 | -3.95 |
Drawdowns
FJP vs. RBIL - Drawdown Comparison
The maximum FJP drawdown since its inception was -41.51%, which is greater than RBIL's maximum drawdown of -0.50%. Use the drawdown chart below to compare losses from any high point for FJP and RBIL.
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Drawdown Indicators
| FJP | RBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.51% | -0.50% | -41.01% |
Max Drawdown (1Y)Largest decline over 1 year | -14.43% | -0.27% | -14.16% |
Max Drawdown (3Y)Largest decline over 3 years | -17.02% | — | — |
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 | -6.34% | 0.00% | -6.34% |
Average DrawdownAverage peak-to-trough decline | -11.46% | -0.06% | -11.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.67% | 0.07% | +4.60% |
Volatility
FJP vs. RBIL - Volatility Comparison
First Trust Japan AlphaDEX Fund (FJP) has a higher volatility of 6.51% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.30%. This indicates that FJP's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FJP | RBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.51% | 0.30% | +6.21% |
Volatility (6M)Calculated over the trailing 6-month period | 16.87% | 0.79% | +16.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.70% | 0.92% | +19.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.35% | 1.05% | +19.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.88% | 1.05% | +17.83% |
FJP vs. RBIL - Expense Ratio Comparison
FJP has a 0.80% expense ratio, which is higher than RBIL's 0.17% expense ratio.
Dividends
FJP vs. RBIL - Dividend Comparison
FJP's dividend yield for the trailing twelve months is around 2.49%, less than RBIL's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FJP First Trust Japan AlphaDEX Fund | 2.49% | 2.68% | 3.18% | 3.49% | 2.21% | 2.43% | 0.99% | 2.80% | 1.54% | 1.29% | 1.46% | 0.85% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 4.60% | 3.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FJP and RBIL have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FJP has higher volatility (6.51%) compared to RBIL (0.30%). In terms of maximum drawdown, FJP dropped -41.51% vs RBIL's -0.50%.
On 1-year performance, FJP leads with 33.53% vs 4.57% for RBIL. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FJP has performed better with a 33.53% return vs 4.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RBIL is cheaper with a 0.17% expense ratio, compared with 0.80% for FJP.
RBIL has the higher dividend yield at 4.60%, compared with 2.49% for FJP.
FJP is categorized as Japan Equities, while RBIL is Inflation-Protected Bonds. FJP tracks NASDAQ AlphaDEX Japan Index, while RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index. They also come from different issuers: First Trust and F/m. Their fees differ too: 0.80% for FJP and 0.17% for RBIL.
RBIL currently has the higher Sharpe Ratio (5.01 vs 1.63), 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.
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