FPA vs. IGLD
Compare and contrast key facts about First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD).
FPA and IGLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FPA is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Asia Pacific Ex-Japan Index. It was launched on Apr 18, 2011. IGLD is an actively managed fund by First Trust. It was launched on Mar 2, 2021.
Performance
FPA vs. IGLD - Performance Comparison
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FPA vs. IGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund | 17.42% | 43.16% | 3.95% | 9.97% | -14.55% | -3.42% |
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 5.99% | 47.46% | 19.36% | 9.24% | -2.34% | 4.30% |
Returns By Period
In the year-to-date period, FPA achieves a 17.42% return, which is significantly higher than IGLD's 5.99% return.
FPA
- 1D
- 3.37%
- 1M
- -12.20%
- YTD
- 17.42%
- 6M
- 20.56%
- 1Y
- 61.12%
- 3Y*
- 21.98%
- 5Y*
- 9.33%
- 10Y*
- 8.13%
IGLD
- 1D
- 3.70%
- 1M
- -10.43%
- YTD
- 5.99%
- 6M
- 16.73%
- 1Y
- 38.18%
- 3Y*
- 24.46%
- 5Y*
- 15.50%
- 10Y*
- —
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FPA vs. IGLD - Expense Ratio Comparison
FPA has a 0.80% expense ratio, which is lower than IGLD's 0.85% expense ratio.
Return for Risk
FPA vs. IGLD — Risk / Return Rank
FPA
IGLD
FPA vs. IGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD). 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.
| FPA | IGLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.40 | 1.62 | +0.79 |
Sortino ratioReturn per unit of downside risk | 3.14 | 2.09 | +1.05 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.32 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 3.96 | 2.25 | +1.71 |
Martin ratioReturn relative to average drawdown | 16.04 | 9.68 | +6.35 |
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
| FPA | IGLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 1.62 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 1.05 | -0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 1.05 | -0.79 |
Correlation
The correlation between FPA and IGLD is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FPA vs. IGLD - Dividend Comparison
FPA's dividend yield for the trailing twelve months is around 4.54%, less than IGLD's 12.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund | 4.54% | 4.71% | 3.40% | 3.02% | 4.22% | 5.12% | 1.59% | 3.90% | 2.81% | 3.15% | 2.42% | 1.74% |
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 12.45% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FPA vs. IGLD - Drawdown Comparison
The maximum FPA drawdown since its inception was -52.91%, which is greater than IGLD's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for FPA and IGLD.
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Drawdown Indicators
| FPA | IGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.91% | -18.59% | -34.32% |
Max Drawdown (1Y)Largest decline over 1 year | -15.37% | -17.56% | +2.19% |
Max Drawdown (5Y)Largest decline over 5 years | -35.36% | -18.59% | -16.77% |
Max Drawdown (10Y)Largest decline over 10 years | -52.91% | — | — |
Current DrawdownCurrent decline from peak | -12.52% | -11.57% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -13.60% | -5.01% | -8.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 4.08% | -0.28% |
Volatility
FPA vs. IGLD - Volatility Comparison
First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) has a higher volatility of 12.28% compared to FT Cboe Vest Gold Strategy Target Income ETF (IGLD) at 11.19%. This indicates that FPA's price experiences larger fluctuations and is considered to be riskier than IGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPA | IGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.28% | 11.19% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 17.57% | 21.21% | -3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.56% | 23.75% | +1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.12% | 14.90% | +8.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.91% | 14.86% | +7.05% |