FTA vs. IUSV

Last updated Jun 4, 2026

FTA (First Trust Large Cap Value AlphaDEX Fund) and IUSV (iShares Core S&P U.S. Value ETF) are both Large Cap Value Equities funds - FTA tracks the NASDAQ AlphaDEX Large Cap Value Index while IUSV tracks the S&P 900 Value Index. Both are passively managed. Over the past 10 years, FTA returned 11.03%/yr vs 12.04%/yr for IUSV. Their correlation of 0.89 suggests significant overlap in exposure. FTA charges 0.60%/yr vs 0.04%/yr for IUSV.

Performance

FTA vs. IUSV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Large Cap Value AlphaDEX Fund (FTA) and iShares Core S&P U.S. Value ETF (IUSV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTA achieves a 10.98% return, which is significantly higher than IUSV's 7.63% return. Over the past 10 years, FTA has underperformed IUSV with an annualized return of 11.03%, while IUSV has yielded a comparatively higher 12.04% annualized return.

FTA

• 1D: -0.68%
• 1M: 1.61%
• YTD: 10.98%
• 6M: 11.99%
• 1Y: 26.91%
• 3Y*: 16.27%
• 5Y*: 9.07%
• 10Y*: 11.03%

IUSV

• 1D: -0.37%
• 1M: 2.24%
• YTD: 7.63%
• 6M: 7.88%
• 1Y: 21.24%
• 3Y*: 15.62%
• 5Y*: 10.47%
• 10Y*: 12.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTA vs. IUSV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTA First Trust Large Cap Value AlphaDEX Fund	10.98%	14.94%	10.13%	10.08%	-3.73%	29.32%	-0.38%	24.73%	-13.63%	18.47%
IUSV iShares Core S&P U.S. Value ETF	7.63%	12.85%	12.18%	21.73%	-5.40%	25.22%	1.56%	31.47%	-9.21%	15.09%

Correlation

The correlation between FTA and IUSV is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since May 14, 2007	0.89

The correlation between FTA and IUSV has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.

FTA vs. IUSV - Sectors Allocation Comparison

Sectors	FTA	IUSV
Financial Services	19.7%	15.0%
Utilities	13.3%	4.3%
Healthcare	10.6%	11.0%
Energy	9.6%	7.2%
Industrials	9.6%	11.2%
Consumer Cyclical	8.5%	11.1%
Technology	8.0%	20.8%
Consumer Defensive	6.9%	8.8%
Real Estate	5.9%	3.7%
Communication Services	4.3%	3.1%
Basic Materials	2.7%	3.6%

Return for Risk

FTA vs. IUSV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTA

FTA Risk / Return Rank: 77
FTA Sharpe Ratio Rank: 71
FTA Sortino Ratio Rank: 77
FTA Omega Ratio Rank: 67
FTA Calmar Ratio Rank: 88
FTA Martin Ratio Rank: 83

IUSV

IUSV Risk / Return Rank: 65
IUSV Sharpe Ratio Rank: 62
IUSV Sortino Ratio Rank: 64
IUSV Omega Ratio Rank: 62
IUSV Calmar Ratio Rank: 67
IUSV Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTA vs. IUSV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Large Cap Value AlphaDEX Fund (FTA) and iShares Core S&P U.S. Value ETF (IUSV). 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.

	FTA	IUSV	Difference
Sharpe ratio Return per unit of total volatility	2.34	2.14	+0.20
Sortino ratio Return per unit of downside risk	3.48	3.01	+0.47
Omega ratio Gain probability vs. loss probability	1.41	1.38	+0.02
Calmar ratio Return relative to maximum drawdown	5.26	3.35	+1.91
Martin ratio Return relative to average drawdown	16.76	12.84	+3.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTA vs. IUSV - Sharpe Ratio Comparison

The current FTA Sharpe Ratio is 2.34, which is comparable to the IUSV Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of FTA and IUSV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FTA	IUSV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	2.14	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.72	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.71	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.60	-0.22

Drawdowns

FTA vs. IUSV - Drawdown Comparison

The maximum FTA drawdown since its inception was -62.45%, which is greater than IUSV's maximum drawdown of -56.88%. Use the drawdown chart below to compare losses from any high point for FTA and IUSV.

Drawdown Indicators

	FTA	IUSV	Difference
Max Drawdown Largest peak-to-trough decline	-62.45%	-56.88%	-5.57%
Max Drawdown (1Y) Largest decline over 1 year	-5.13%	-6.36%	+1.23%
Max Drawdown (3Y) Largest decline over 3 years	-18.73%	-17.76%	-0.97%
Max Drawdown (5Y) Largest decline over 5 years	-19.80%	-17.95%	-1.85%
Max Drawdown (10Y) Largest decline over 10 years	-44.97%	-37.54%	-7.43%
Current Drawdown Current decline from peak	-0.68%	-0.51%	-0.17%
Average Drawdown Average peak-to-trough decline	-9.04%	-6.29%	-2.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	1.66%	-0.05%

Volatility

FTA vs. IUSV - Volatility Comparison

First Trust Large Cap Value AlphaDEX Fund (FTA) has a higher volatility of 2.63% compared to iShares Core S&P U.S. Value ETF (IUSV) at 2.14%. This indicates that FTA's price experiences larger fluctuations and is considered to be riskier than IUSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTA	IUSV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.63%	2.14%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	7.44%	7.14%	+0.30%
Volatility (1Y) Calculated over the trailing 1-year period	11.56%	9.98%	+1.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.26%	14.55%	+1.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.96%	17.07%	+2.89%

FTA vs. IUSV - Expense Ratio Comparison

FTA has a 0.60% expense ratio, which is higher than IUSV's 0.04% expense ratio.

Dividends

FTA vs. IUSV - Dividend Comparison

FTA's dividend yield for the trailing twelve months is around 1.68%, which matches IUSV's 1.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTA First Trust Large Cap Value AlphaDEX Fund	1.68%	1.89%	2.02%	2.10%	2.15%	1.54%	2.03%	1.88%	2.28%	1.53%	1.56%	2.05%
IUSV iShares Core S&P U.S. Value ETF	1.68%	1.78%	2.15%	1.75%	2.22%	1.87%	2.40%	2.19%	2.67%	1.93%	4.44%	7.63%

Frequently Asked Questions

Can I hold both FTA and IUSV in my portfolio?

FTA and IUSV have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTA or IUSV?

FTA has higher volatility (2.63%) compared to IUSV (2.14%). In terms of maximum drawdown, FTA dropped -62.45% vs IUSV's -56.88%.

Which ETF is better, FTA or IUSV?

On 10-year performance, IUSV leads with 12.04% vs 11.03% for FTA. On fees, IUSV is cheaper at 0.04% per year. On volatility, IUSV has been the lower-risk option at 2.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTA or IUSV?

Over the 10-year period, IUSV has performed better with a 12.04% return vs 11.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTA or IUSV?

IUSV is cheaper with a 0.04% expense ratio, compared with 0.60% for FTA.

Which ETF pays a higher dividend yield, FTA or IUSV?

FTA and IUSV have nearly identical dividend yields, around 1.68%.

What is the main difference between FTA and IUSV?

FTA tracks NASDAQ AlphaDEX Large Cap Value Index, while IUSV tracks S&P 900 Value Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.60% for FTA and 0.04% for IUSV.

Which has better risk-adjusted returns?

FTA currently has the higher Sharpe Ratio (2.34 vs 2.14), 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.