Correlation
The correlation between FJP and VOO 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.
FJP vs. VOO
Compare and contrast key facts about First Trust Japan AlphaDEX Fund (FJP) and Vanguard S&P 500 ETF (VOO).
FJP and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both FJP and VOO 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: FJP or VOO.
Performance
FJP vs. VOO - Performance Comparison
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Key characteristics
FJP:
0.60
VOO:
0.70
FJP:
0.87
VOO:
1.05
FJP:
1.11
VOO:
1.15
FJP:
0.78
VOO:
0.69
FJP:
2.90
VOO:
2.62
FJP:
4.58%
VOO:
4.93%
FJP:
24.50%
VOO:
19.55%
FJP:
-41.51%
VOO:
-33.99%
FJP:
-1.73%
VOO:
-3.45%
Returns By Period
In the year-to-date period, FJP achieves a 12.11% return, which is significantly higher than VOO's 1.00% return. Over the past 10 years, FJP has underperformed VOO with an annualized return of 3.23%, while VOO has yielded a comparatively higher 12.81% annualized return.
FJP
12.11%
1.97%
14.39%
14.51%
10.51%
7.42%
3.23%
VOO
1.00%
6.44%
-0.84%
13.62%
14.14%
15.91%
12.81%
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FJP vs. VOO - Expense Ratio Comparison
FJP has a 0.80% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FJP vs. VOO — Risk-Adjusted Performance Rank
FJP
VOO
FJP vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Japan AlphaDEX Fund (FJP) and Vanguard S&P 500 ETF (VOO). 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
FJP vs. VOO - Dividend Comparison
FJP's dividend yield for the trailing twelve months is around 2.32%, more than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FJP First Trust Japan AlphaDEX Fund | 2.32% | 3.18% | 3.48% | 2.21% | 2.43% | 0.99% | 2.81% | 1.54% | 1.29% | 1.46% | 0.85% | 1.08% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
FJP vs. VOO - Drawdown Comparison
The maximum FJP drawdown since its inception was -41.51%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FJP and VOO.
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Volatility
FJP vs. VOO - Volatility Comparison
First Trust Japan AlphaDEX Fund (FJP) and Vanguard S&P 500 ETF (VOO) have volatilities of 5.07% and 4.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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