FKU vs. EWU
Compare and contrast key facts about First Trust United Kingdom AlphaDEX Fund (FKU) and iShares MSCI United Kingdom ETF (EWU).
FKU and EWU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FKU is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX United Kingdom Index. It was launched on Feb 14, 2012. EWU is a passively managed fund by iShares that tracks the performance of the MSCI United Kingdom Index. It was launched on Mar 12, 1996. Both FKU and EWU 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: FKU or EWU.
Key characteristics
| FKU | EWU | |
|---|---|---|
| YTD Return | 11.24% | 8.96% |
| 1Y Return | 28.55% | 18.37% |
| 3Y Return (Ann) | 1.43% | 5.95% |
| 5Y Return (Ann) | 4.73% | 5.39% |
| 10Y Return (Ann) | 3.60% | 3.13% |
| Sharpe Ratio | 1.76 | 1.51 |
| Sortino Ratio | 2.43 | 2.10 |
| Omega Ratio | 1.30 | 1.25 |
| Calmar Ratio | 1.26 | 2.45 |
| Martin Ratio | 9.99 | 9.15 |
| Ulcer Index | 2.82% | 2.02% |
| Daily Std Dev | 16.05% | 12.22% |
| Max Drawdown | -54.39% | -63.99% |
| Current Drawdown | -6.02% | -6.21% |
Correlation
The correlation between FKU and EWU is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FKU vs. EWU - Performance Comparison
In the year-to-date period, FKU achieves a 11.24% return, which is significantly higher than EWU's 8.96% return. Over the past 10 years, FKU has outperformed EWU with an annualized return of 3.60%, while EWU has yielded a comparatively lower 3.13% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FKU vs. EWU - Expense Ratio Comparison
FKU has a 0.80% expense ratio, which is higher than EWU's 0.50% expense ratio.
Risk-Adjusted Performance
FKU vs. EWU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust United Kingdom AlphaDEX Fund (FKU) and iShares MSCI United Kingdom ETF (EWU). 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.
Dividends
FKU vs. EWU - Dividend Comparison
FKU's dividend yield for the trailing twelve months is around 3.63%, less than EWU's 4.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKU First Trust United Kingdom AlphaDEX Fund | 3.63% | 3.83% | 5.55% | 2.98% | 1.48% | 3.35% | 5.12% | 2.93% | 2.60% | 2.64% | 3.28% | 2.28% |
EWU iShares MSCI United Kingdom ETF | 4.05% | 4.14% | 3.42% | 4.35% | 2.48% | 4.13% | 4.98% | 3.91% | 3.97% | 4.11% | 7.59% | 2.39% |
Drawdowns
FKU vs. EWU - Drawdown Comparison
The maximum FKU drawdown since its inception was -54.39%, smaller than the maximum EWU drawdown of -63.99%. Use the drawdown chart below to compare losses from any high point for FKU and EWU. For additional features, visit the drawdowns tool.
Volatility
FKU vs. EWU - Volatility Comparison
First Trust United Kingdom AlphaDEX Fund (FKU) has a higher volatility of 4.63% compared to iShares MSCI United Kingdom ETF (EWU) at 3.65%. This indicates that FKU's price experiences larger fluctuations and is considered to be riskier than EWU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.