FPA vs. PPT
FPA (First Trust Asia Pacific ex-Japan AlphaDEX Fund) and PPT (Putnam Premier Income Trust) are both funds - FPA is a Asia Pacific Equities fund tracking the NASDAQ AlphaDEX Asia Pacific Ex-Japan Index, while PPT is a Multisector Bonds fund actively managed by Putnam Investments. FPA is passively managed, while PPT is actively managed. Over the past 10 years, FPA returned 11.11%/yr vs 4.57%/yr for PPT. At a 0.18 correlation, their price movements are largely independent.
Performance
FPA vs. PPT - Performance Comparison
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Returns By Period
In the year-to-date period, FPA achieves a 47.02% return, which is significantly higher than PPT's 0.81% return. Over the past 10 years, FPA has outperformed PPT with an annualized return of 11.11%, while PPT has yielded a comparatively lower 4.57% annualized return.
FPA
- 1D
- -0.27%
- 1M
- 3.70%
- YTD
- 47.02%
- 6M
- 47.32%
- 1Y
- 65.35%
- 3Y*
- 29.68%
- 5Y*
- 12.60%
- 10Y*
- 11.11%
PPT
- 1D
- 0.29%
- 1M
- 0.47%
- YTD
- 0.81%
- 6M
- 1.85%
- 1Y
- 2.23%
- 3Y*
- 7.60%
- 5Y*
- 2.15%
- 10Y*
- 4.57%
FPA vs. PPT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund | 47.02% | 43.16% | 3.95% | 9.97% | -14.55% | 2.98% | 13.43% | 8.91% | -21.91% | 35.81% |
PPT Putnam Premier Income Trust | 0.81% | 8.39% | 8.80% | 7.43% | -7.75% | -1.72% | -6.54% | 25.53% | -6.36% | 13.78% |
Correlation
The correlation between FPA and PPT is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2011 | 0.18 |
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Return for Risk
FPA vs. PPT — Risk / Return Rank
FPA
PPT
FPA vs. PPT - 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 Putnam Premier Income Trust (PPT). 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.
| FPA | PPT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.23 | ||
| Sortino ratioReturn per unit of downside risk | +2.69 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.04 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 0.33 | +3.99 |
| Martin ratioReturn relative to average drawdown | 14.88 | 0.77 | +14.11 |
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Drawdowns
FPA vs. PPT - Drawdown Comparison
The maximum FPA drawdown since its inception was -52.91%, which is greater than PPT's maximum drawdown of -49.76%. Use the drawdown chart below to compare losses from any high point for FPA and PPT.
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Drawdown Indicators
| FPA | PPT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.91% | -49.76% | -3.15% |
Max Drawdown (1Y)Largest decline over 1 year | -15.37% | -5.05% | -10.32% |
Max Drawdown (3Y)Largest decline over 3 years | -20.66% | -9.10% | -11.56% |
Max Drawdown (5Y)Largest decline over 5 years | -34.54% | -18.92% | -15.62% |
Max Drawdown (10Y)Largest decline over 10 years | -52.91% | -31.79% | -21.12% |
Current DrawdownCurrent decline from peak | -6.94% | -3.62% | -3.32% |
Average DrawdownAverage peak-to-trough decline | -13.47% | -11.23% | -2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 2.18% | +2.28% |
Volatility
FPA vs. PPT - Volatility Comparison
First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) has a higher volatility of 14.55% compared to Putnam Premier Income Trust (PPT) at 2.25%. This indicates that FPA's price experiences larger fluctuations and is considered to be riskier than PPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPA | PPT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.55% | 2.25% | +12.30% |
Volatility (6M)Calculated over the trailing 6-month period | 24.45% | 6.99% | +17.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.61% | 9.36% | +18.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.43% | 11.96% | +12.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.63% | 14.45% | +8.18% |
Dividends
FPA vs. PPT - Dividend Comparison
FPA's dividend yield for the trailing twelve months is around 3.63%, less than PPT's 9.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund | 3.63% | 4.71% | 3.40% | 3.02% | 4.22% | 5.12% | 1.59% | 3.90% | 2.81% | 3.15% | 2.42% | 1.74% |
PPT Putnam Premier Income Trust | 9.07% | 8.81% | 8.76% | 8.74% | 8.60% | 7.31% | 8.84% | 7.73% | 6.84% | 5.85% | 6.28% | 6.30% |
Frequently Asked Questions
FPA and PPT have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPA has higher volatility (14.55%) compared to PPT (2.25%). In terms of maximum drawdown, FPA dropped -52.91% vs PPT's -49.76%.
FPA currently has the higher Sharpe Ratio (2.41 vs 0.18), 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.
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