FJP vs. RDVY

Last updated Aug 4, 2026

FJP (First Trust Japan AlphaDEX Fund) and RDVY (First Trust Rising Dividend Achievers ETF) are both exchange-traded funds - FJP is a Japan Equities fund tracking the NASDAQ AlphaDEX Japan Index, while RDVY is a Dividend fund tracking the Nasdaq US Rising Dividend Achievers Index. Both are passively managed. Over the past 10 years, FJP returned 7.30%/yr vs 16.08%/yr for RDVY. Their 0.51 correlation means they have sometimes moved together and sometimes differently. FJP charges 0.80%/yr vs 0.47%/yr for RDVY.

Performance

FJP vs. RDVY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Japan AlphaDEX Fund (FJP) and First Trust Rising Dividend Achievers ETF (RDVY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FJP achieves a 11.92% return, which is significantly lower than RDVY's 18.21% return. Over the past 10 years, FJP has underperformed RDVY with an annualized return of 7.30%, while RDVY has yielded a comparatively higher 16.08% annualized return.

FJP

• 1D: 0.46%
• 1M: -2.16%
• 6M: 5.22%
• YTD: 11.92%
• 1Y: 26.90%
• 3Y*: 18.09%
• 5Y*: 10.76%
• 10Y*: 7.30%
• ALL TIME*: 5.83%

RDVY

• 1D: 0.81%
• 1M: 2.01%
• 6M: 12.29%
• YTD: 18.21%
• 1Y: 31.80%
• 3Y*: 20.39%
• 5Y*: 13.07%
• 10Y*: 16.08%
• ALL TIME*: 13.82%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FJP First Trust Japan AlphaDEX Fund	$726.42K	$746.73K	$724.49K
RDVY First Trust Rising Dividend Achievers ETF	$79.27M	$78.43M	$84.11M

FJP vs. RDVY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FJP First Trust Japan AlphaDEX Fund	11.92%	33.60%	5.80%	23.00%	-12.83%	-1.13%	3.60%	7.72%	-18.60%	27.63%
RDVY First Trust Rising Dividend Achievers ETF	18.21%	18.90%	16.41%	20.38%	-13.27%	31.14%	13.47%	37.71%	-9.92%	22.75%

Correlation

The correlation between FJP and RDVY is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.45
Correlation (3Y) Balances recent behavior with more history.	0.43
Correlation (5Y) Shows whether the relationship held over a longer period.	0.46
Correlation (10Y) Provides a long-term view across more market conditions.	0.51
Correlation (All Time) Calculated using the full available price history since Jan 7, 2014	0.51

The correlation between FJP and RDVY has been stable across timeframes, ranging from 0.43 to 0.51 - a consistent structural relationship.

FJP vs. RDVY - Sectors Allocation Comparison

Sectors	FJP	RDVY
Industrials	43.6%	12.5%
Technology	12.2%	19.4%
Consumer Cyclical	12.1%	11.1%
Basic Materials	9.6%	-
Utilities	5.8%	1.4%
Financial Services	5.7%	38.9%
Healthcare	3.2%	5.6%
Energy	3.2%	2.8%
Real Estate	3.1%	-
Consumer Defensive	0.8%	2.8%
Communication Services	0.8%	4.2%

Return for Risk

FJP vs. RDVY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FJP

FJP Risk / Return Rank: 47
FJP Sharpe Ratio Rank: 48
FJP Sortino Ratio Rank: 47
FJP Omega Ratio Rank: 48
FJP Calmar Ratio Rank: 50
FJP Martin Ratio Rank: 42

RDVY

RDVY Risk / Return Rank: 88
RDVY Sharpe Ratio Rank: 88
RDVY Sortino Ratio Rank: 89
RDVY Omega Ratio Rank: 85
RDVY Calmar Ratio Rank: 87
RDVY Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FJP vs. RDVY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Japan AlphaDEX Fund (FJP) and First Trust Rising Dividend Achievers ETF (RDVY). 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.

	FJP	RDVY	Difference
Sharpe ratio: Return per unit of total volatility	1.26	2.19	-0.93
Sortino ratio: Return per unit of downside risk	1.81	3.10	-1.29
Omega ratio: Gain probability vs. loss probability	1.23	1.38	-0.14
Calmar ratio: Return relative to maximum drawdown	1.87	3.54	-1.66
Martin ratio: Return relative to average drawdown	4.86	14.83	-9.97

FJP vs. RDVY - Sharpe Ratio Comparison

The current FJP Sharpe Ratio is 1.26, which is lower than the RDVY Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of FJP and RDVY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FJP vs. RDVY - Drawdown Comparison

The maximum FJP drawdown since its inception was -41.51%, roughly equal to the maximum RDVY drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for FJP and RDVY.

Drawdown Indicators

	FJP	RDVY	Difference
Max Drawdown Largest peak-to-trough decline	-41.51%	-40.60%	-0.91%
Max Drawdown (1Y) Largest decline over 1 year	-14.43%	-9.04%	-5.39%
Max Drawdown (3Y) Largest decline over 3 years	-17.02%	-19.11%	+2.09%
Max Drawdown (5Y) Largest decline over 5 years	-31.88%	-25.32%	-6.56%
Max Drawdown (10Y) Largest decline over 10 years	-41.51%	-40.60%	-0.91%
Current Drawdown Current decline from peak	-8.27%	0.00%	-8.27%
Average Drawdown Average peak-to-trough decline	-11.41%	-4.95%	-6.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.54%	2.15%	+3.39%

Volatility

FJP vs. RDVY - Volatility Comparison

First Trust Japan AlphaDEX Fund (FJP) has a higher volatility of 7.56% compared to First Trust Rising Dividend Achievers ETF (RDVY) at 3.55%. This indicates that FJP's price experiences larger fluctuations and is considered to be riskier than RDVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FJP	RDVY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.56%	3.55%	+4.01%
Volatility (6M) Calculated over the trailing 6-month period	18.76%	11.40%	+7.36%
Volatility (1Y) Calculated over the trailing 1-year period	21.46%	14.64%	+6.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.69%	18.93%	+1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.02%	21.03%	-2.01%

FJP vs. RDVY - Expense Ratio Comparison

FJP has a 0.80% expense ratio, which is higher than RDVY's 0.47% expense ratio.

Dividends

FJP vs. RDVY - Dividend Comparison

FJP's dividend yield for the trailing twelve months is around 2.59%, more than RDVY's 0.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FJP First Trust Japan AlphaDEX Fund	2.59%	2.68%	3.18%	3.49%	2.21%	2.43%	0.99%	2.80%	1.54%	1.29%	1.46%	0.85%
RDVY First Trust Rising Dividend Achievers ETF	0.83%	1.11%	1.64%	2.09%	2.21%	1.04%	1.53%	1.55%	1.68%	1.25%	2.07%	2.14%

Frequently Asked Questions

Can I hold both FJP and RDVY in my portfolio?

FJP and RDVY have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FJP or RDVY?

FJP has higher volatility (7.56%) compared to RDVY (3.55%). In terms of maximum drawdown, FJP dropped -41.51% vs RDVY's -40.60%.

Which ETF is better, FJP or RDVY?

On 10-year performance, RDVY leads with 16.08% vs 7.30% for FJP. On fees, RDVY is cheaper at 0.47% per year. On volatility, RDVY has been the lower-risk option at 3.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FJP or RDVY?

Over the 10-year period, RDVY has performed better with a 16.08% return vs 7.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FJP or RDVY?

RDVY is cheaper with a 0.47% expense ratio, compared with 0.80% for FJP.

Which ETF pays a higher dividend yield, FJP or RDVY?

FJP has the higher dividend yield at 2.59%, compared with 0.83% for RDVY.

What is the main difference between FJP and RDVY?

FJP is categorized as Japan Equities, while RDVY is Dividend. FJP tracks NASDAQ AlphaDEX Japan Index, while RDVY tracks Nasdaq US Rising Dividend Achievers Index. Their fees differ too: 0.80% for FJP and 0.47% for RDVY.

Which has better risk-adjusted returns?

RDVY currently has the higher Sharpe Ratio (2.19 vs 1.26), 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.