FOWF vs. FXR

Last updated Aug 4, 2026

FOWF (Pacer Solactive Whitney Future of Warfare ETF) and FXR (First Trust Industrials/Producer Durables AlphaDEX Fund) are both Industrials Equities funds - FOWF tracks the Solactive Whitney Future of Warfare Index while FXR tracks the StrataQuant Industrials Index. Both are passively managed. Over the past year, FOWF returned 23.56% vs 19.69% for FXR. Their 0.69 correlation means they have sometimes moved together and sometimes differently. FOWF charges 0.49%/yr vs 0.64%/yr for FXR.

Performance

FOWF vs. FXR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Solactive Whitney Future of Warfare ETF (FOWF) and First Trust Industrials/Producer Durables AlphaDEX Fund (FXR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FOWF achieves a 16.05% return, which is significantly higher than FXR's 13.23% return.

FOWF

• 1D: 2.04%
• 1M: 4.76%
• 6M: 7.86%
• YTD: 16.05%
• 1Y: 23.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.70%

FXR

• 1D: 2.18%
• 1M: -0.46%
• 6M: 4.66%
• YTD: 13.23%
• 1Y: 19.69%
• 3Y*: 14.82%
• 5Y*: 9.59%
• 10Y*: 12.94%
• ALL TIME*: 9.00%

*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)
FOWF Pacer Solactive Whitney Future of Warfare ETF	$21.21K	$63.68K	$90.22K
FXR First Trust Industrials/Producer Durables AlphaDEX Fund	$2.94M	$2.34M	$2.88M

FOWF vs. FXR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FOWF Pacer Solactive Whitney Future of Warfare ETF	16.05%	29.15%	-2.02%
FXR First Trust Industrials/Producer Durables AlphaDEX Fund	13.23%	7.56%	-4.32%

Correlation

The correlation between FOWF and FXR is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024	0.69

The correlation between FOWF and FXR has been stable across timeframes, ranging from 0.66 to 0.69 - a consistent structural relationship.

FOWF vs. FXR - Sectors Allocation Comparison

Sectors	FOWF	FXR
Industrials	60.9%	67.3%
Technology	30.9%	11.5%
Communication Services	5.0%	-
Basic Materials	1.9%	8.3%
Consumer Cyclical	1.2%	6.4%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	4.5%
Healthcare	-	0.6%
Real Estate	-	-
Utilities	-	0.6%

Return for Risk

FOWF vs. FXR — Risk / Return Rank

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

FOWF

FOWF Risk / Return Rank: 60
FOWF Sharpe Ratio Rank: 63
FOWF Sortino Ratio Rank: 66
FOWF Omega Ratio Rank: 57
FOWF Calmar Ratio Rank: 61
FOWF Martin Ratio Rank: 55

FXR

FXR Risk / Return Rank: 39
FXR Sharpe Ratio Rank: 39
FXR Sortino Ratio Rank: 40
FXR Omega Ratio Rank: 37
FXR Calmar Ratio Rank: 39
FXR Martin Ratio Rank: 40

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.

FOWF vs. FXR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Solactive Whitney Future of Warfare ETF (FOWF) and First Trust Industrials/Producer Durables AlphaDEX Fund (FXR). 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.

	FOWF	FXR	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.01	+0.59
Sortino ratio: Return per unit of downside risk	2.39	1.57	+0.82
Omega ratio: Gain probability vs. loss probability	1.27	1.18	+0.09
Calmar ratio: Return relative to maximum drawdown	2.35	1.45	+0.90
Martin ratio: Return relative to average drawdown	6.98	4.47	+2.51

FOWF vs. FXR - Sharpe Ratio Comparison

The current FOWF Sharpe Ratio is 1.60, which is higher than the FXR Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of FOWF and FXR, 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

FOWF vs. FXR - Drawdown Comparison

The maximum FOWF drawdown since its inception was -12.29%, smaller than the maximum FXR drawdown of -63.81%. Use the drawdown chart below to compare losses from any high point for FOWF and FXR.

Drawdown Indicators

	FOWF	FXR	Difference
Max Drawdown Largest peak-to-trough decline	-12.29%	-63.81%	+51.52%
Max Drawdown (1Y) Largest decline over 1 year	-10.08%	-13.66%	+3.58%
Max Drawdown (3Y) Largest decline over 3 years	—	-26.65%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.71%	—
Current Drawdown Current decline from peak	0.00%	-1.18%	+1.18%
Average Drawdown Average peak-to-trough decline	-2.15%	-10.29%	+8.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.38%	4.41%	-1.03%

Volatility

FOWF vs. FXR - Volatility Comparison

The current volatility for Pacer Solactive Whitney Future of Warfare ETF (FOWF) is 4.32%, while First Trust Industrials/Producer Durables AlphaDEX Fund (FXR) has a volatility of 5.24%. This indicates that FOWF experiences smaller price fluctuations and is considered to be less risky than FXR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FOWF	FXR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.32%	5.24%	-0.92%
Volatility (6M) Calculated over the trailing 6-month period	12.09%	15.16%	-3.07%
Volatility (1Y) Calculated over the trailing 1-year period	14.84%	19.61%	-4.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.84%	20.70%	-3.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.84%	21.88%	-5.04%

FOWF vs. FXR - Expense Ratio Comparison

FOWF has a 0.49% expense ratio, which is lower than FXR's 0.64% expense ratio.

Dividends

FOWF vs. FXR - Dividend Comparison

FOWF's dividend yield for the trailing twelve months is around 0.71%, more than FXR's 0.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FOWF Pacer Solactive Whitney Future of Warfare ETF	0.71%	0.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FXR First Trust Industrials/Producer Durables AlphaDEX Fund	0.64%	0.71%	0.72%	0.77%	0.92%	0.52%	1.06%	0.74%	1.18%	0.55%	0.52%	0.62%

Frequently Asked Questions

Can I hold both FOWF and FXR in my portfolio?

FOWF and FXR have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FOWF or FXR?

FXR has higher volatility (5.24%) compared to FOWF (4.32%). In terms of maximum drawdown, FOWF dropped -12.29% vs FXR's -63.81%.

Which ETF is better, FOWF or FXR?

On 1-year performance, FOWF leads with 23.56% vs 19.69% for FXR. On fees, FOWF is cheaper at 0.49% per year. On volatility, FOWF has been the lower-risk option at 4.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FOWF or FXR?

Over the 1-year period, FOWF has performed better with a 23.56% return vs 19.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FOWF or FXR?

FOWF is cheaper with a 0.49% expense ratio, compared with 0.64% for FXR.

Which ETF pays a higher dividend yield, FOWF or FXR?

FOWF has the higher dividend yield at 0.71%, compared with 0.64% for FXR.

What is the main difference between FOWF and FXR?

FOWF tracks Solactive Whitney Future of Warfare Index, while FXR tracks StrataQuant Industrials Index. They also come from different issuers: Pacer and First Trust. Their fees differ too: 0.49% for FOWF and 0.64% for FXR.

Which has better risk-adjusted returns?

FOWF currently has the higher Sharpe Ratio (1.60 vs 1.01), 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.