FTA vs. SPYV
Compare and contrast key facts about First Trust Large Cap Value AlphaDEX Fund (FTA) and SPDR Portfolio S&P 500 Value ETF (SPYV).
FTA and SPYV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTA is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Large Cap Value Index. It was launched on May 8, 2007. SPYV is a passively managed fund by State Street that tracks the performance of the S&P 500 Value. It was launched on Sep 25, 2000. Both FTA and SPYV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTA or SPYV.
Key characteristics
| FTA | SPYV | |
|---|---|---|
| YTD Return | 5.45% | 4.64% |
| 1Y Return | 17.11% | 22.58% |
| 3Y Return (Ann) | 6.55% | 9.82% |
| 5Y Return (Ann) | 9.17% | 11.72% |
| 10Y Return (Ann) | 8.12% | 10.14% |
| Sharpe Ratio | 1.07 | 1.82 |
| Daily Std Dev | 13.40% | 11.31% |
| Max Drawdown | -62.45% | -58.45% |
| Current Drawdown | -2.60% | -3.11% |
Correlation
The correlation between FTA and SPYV is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FTA vs. SPYV - Performance Comparison
In the year-to-date period, FTA achieves a 5.45% return, which is significantly higher than SPYV's 4.64% return. Over the past 10 years, FTA has underperformed SPYV with an annualized return of 8.12%, while SPYV has yielded a comparatively higher 10.14% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FTA vs. SPYV - Expense Ratio Comparison
FTA has a 0.60% expense ratio, which is higher than SPYV's 0.04% expense ratio.
Risk-Adjusted Performance
FTA vs. SPYV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Large Cap Value AlphaDEX Fund (FTA) and SPDR Portfolio S&P 500 Value ETF (SPYV). 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.
Dividends
FTA vs. SPYV - Dividend Comparison
FTA's dividend yield for the trailing twelve months is around 2.03%, more than SPYV's 1.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTA First Trust Large Cap Value AlphaDEX Fund | 2.03% | 2.10% | 2.15% | 1.54% | 2.03% | 1.88% | 2.28% | 1.53% | 1.56% | 2.05% | 1.79% | 1.53% |
SPYV SPDR Portfolio S&P 500 Value ETF | 1.84% | 1.75% | 2.22% | 2.10% | 2.38% | 2.25% | 2.97% | 2.77% | 2.39% | 2.53% | 2.19% | 1.96% |
Drawdowns
FTA vs. SPYV - Drawdown Comparison
The maximum FTA drawdown since its inception was -62.45%, which is greater than SPYV's maximum drawdown of -58.45%. Use the drawdown chart below to compare losses from any high point for FTA and SPYV. For additional features, visit the drawdowns tool.
Volatility
FTA vs. SPYV - Volatility Comparison
First Trust Large Cap Value AlphaDEX Fund (FTA) has a higher volatility of 3.61% compared to SPDR Portfolio S&P 500 Value ETF (SPYV) at 3.38%. This indicates that FTA's price experiences larger fluctuations and is considered to be riskier than SPYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.