FTA vs. KWIN

Last updated Jul 14, 2026

FTA (First Trust Large Cap Value AlphaDEX Fund) and KWIN (KraneShares Wahed Alternative Income Index ETF) are both Large Cap Value Equities funds - FTA tracks the NASDAQ AlphaDEX Large Cap Value Index while KWIN tracks the Wahed Alternative Income Index. Both are passively managed. At a 0.18 correlation, their price movements are largely independent. FTA charges 0.60%/yr vs 0.51%/yr for KWIN.

Performance

FTA vs. KWIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Large Cap Value AlphaDEX Fund (FTA) and KraneShares Wahed Alternative Income Index ETF (KWIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTA achieves a 15.56% return, which is significantly higher than KWIN's 1.59% return.

FTA

• 1D: 0.75%
• 1M: 1.78%
• 6M: 12.39%
• YTD: 15.56%
• 1Y: 24.95%
• 3Y*: 15.59%
• 5Y*: 10.79%
• 10Y*: 11.26%

KWIN

• 1D: 0.06%
• 1M: 0.13%
• 6M: 1.08%
• YTD: 1.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTA vs. KWIN - Yearly Performance Comparison

	2026 (YTD)	2025
FTA First Trust Large Cap Value AlphaDEX Fund	15.56%	5.47%
KWIN KraneShares Wahed Alternative Income Index ETF	1.59%	0.61%

Correlation

The correlation between FTA and KWIN is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025	0.18

Return for Risk

FTA vs. KWIN — Risk / Return Rank

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

FTA

FTA Risk / Return Rank: 86
FTA Sharpe Ratio Rank: 85
FTA Sortino Ratio Rank: 87
FTA Omega Ratio Rank: 79
FTA Calmar Ratio Rank: 92
FTA Martin Ratio Rank: 89

KWIN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. KWIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Large Cap Value AlphaDEX Fund (FTA) and KraneShares Wahed Alternative Income Index ETF (KWIN). 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.

	FTA	KWIN	Difference
Sharpe ratio: Return per unit of total volatility	2.15	—	—
Sortino ratio: Return per unit of downside risk	3.14	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	4.88	—	—
Martin ratio: Return relative to average drawdown	15.50	—	—

Drawdowns

FTA vs. KWIN - Drawdown Comparison

The maximum FTA drawdown since its inception was -62.45%, which is greater than KWIN's maximum drawdown of -1.50%. Use the drawdown chart below to compare losses from any high point for FTA and KWIN.

Drawdown Indicators

	FTA	KWIN	Difference
Max Drawdown Largest peak-to-trough decline	-62.45%	-1.50%	-60.95%
Max Drawdown (1Y) Largest decline over 1 year	-5.13%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.73%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.80%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.97%	—	—
Current Drawdown Current decline from peak	0.00%	-1.44%	+1.44%
Average Drawdown Average peak-to-trough decline	-8.99%	-0.25%	-8.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	—	—

Volatility

Volatility by Period

	FTA	KWIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.70%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.70%	4.16%	+7.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.24%	4.16%	+12.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.84%	4.16%	+15.68%

FTA vs. KWIN - Expense Ratio Comparison

FTA has a 0.60% expense ratio, which is higher than KWIN's 0.51% expense ratio.

Dividends

FTA vs. KWIN - Dividend Comparison

FTA's dividend yield for the trailing twelve months is around 1.64%, while KWIN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTA First Trust Large Cap Value AlphaDEX Fund	1.64%	1.89%	2.02%	2.10%	2.15%	1.54%	2.03%	1.88%	2.28%	1.53%	1.56%	2.05%
KWIN KraneShares Wahed Alternative Income Index ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTA and KWIN in my portfolio?

FTA and KWIN have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTA or KWIN?

On fees, KWIN is cheaper at 0.51% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTA or KWIN?

KWIN is cheaper with a 0.51% expense ratio, compared with 0.60% for FTA.

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

FTA has the higher dividend yield at 1.64%, compared with 0.00% for KWIN.

What is the main difference between FTA and KWIN?

FTA tracks NASDAQ AlphaDEX Large Cap Value Index, while KWIN tracks Wahed Alternative Income Index. They also come from different issuers: First Trust and KraneShares. Their fees differ too: 0.60% for FTA and 0.51% for KWIN.