FXD vs. BEDZ

Last updated Jun 4, 2026

FXD (First Trust Consumer Discretionary AlphaDEX Fund) and BEDZ (AdvisorShares Hotel ETF) are both Consumer Discretionary Equities funds. FXD is passively managed, while BEDZ is actively managed. Over the past 5 years, FXD returned 3.00%/yr vs 7.19%/yr for BEDZ. A 0.80 correlation means they provide meaningful diversification when combined. FXD charges 0.63%/yr vs 0.99%/yr for BEDZ.

Performance

FXD vs. BEDZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Consumer Discretionary AlphaDEX Fund (FXD) and AdvisorShares Hotel ETF (BEDZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FXD achieves a -1.88% return, which is significantly lower than BEDZ's 4.81% return.

FXD

• 1D: -0.39%
• 1M: 2.79%
• YTD: -1.88%
• 6M: -1.26%
• 1Y: 9.00%
• 3Y*: 10.33%
• 5Y*: 3.00%
• 10Y*: 7.89%

BEDZ

• 1D: -0.28%
• 1M: 5.98%
• YTD: 4.81%
• 6M: 8.87%
• 1Y: 17.99%
• 3Y*: 13.23%
• 5Y*: 7.19%
• 10Y*: —

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

FXD vs. BEDZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FXD First Trust Consumer Discretionary AlphaDEX Fund	-1.88%	6.70%	10.57%	23.39%	-21.56%	3.40%
BEDZ AdvisorShares Hotel ETF	4.81%	3.46%	18.31%	23.88%	-13.40%	6.49%

Correlation

The correlation between FXD and BEDZ is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Apr 22, 2021	0.80

The correlation between FXD and BEDZ has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.

FXD vs. BEDZ - Sectors Allocation Comparison

Sectors	FXD	BEDZ
Consumer Cyclical	69.7%	51.9%
Consumer Defensive	9.2%	-
Industrials	9.2%	4.1%
Communication Services	6.7%	1.5%
Technology	2.5%	-
Energy	0.8%	-
Basic Materials	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	42.2%
Utilities	-	-

Return for Risk

FXD vs. BEDZ — Risk / Return Rank

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

FXD

FXD Risk / Return Rank: 16
FXD Sharpe Ratio Rank: 16
FXD Sortino Ratio Rank: 16
FXD Omega Ratio Rank: 15
FXD Calmar Ratio Rank: 17
FXD Martin Ratio Rank: 17

BEDZ

BEDZ Risk / Return Rank: 26
BEDZ Sharpe Ratio Rank: 25
BEDZ Sortino Ratio Rank: 26
BEDZ Omega Ratio Rank: 24
BEDZ Calmar Ratio Rank: 31
BEDZ Martin Ratio Rank: 25

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.

FXD vs. BEDZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Consumer Discretionary AlphaDEX Fund (FXD) and AdvisorShares Hotel ETF (BEDZ). 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.

	FXD	BEDZ	Difference
Sharpe ratio: Return per unit of total volatility	0.47	0.89	-0.42
Sortino ratio: Return per unit of downside risk	0.83	1.43	-0.59
Omega ratio: Gain probability vs. loss probability	1.09	1.16	-0.07
Calmar ratio: Return relative to maximum drawdown	0.65	1.50	-0.85
Martin ratio: Return relative to average drawdown	1.65	3.50	-1.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FXD vs. BEDZ - Sharpe Ratio Comparison

The current FXD Sharpe Ratio is 0.47, which is lower than the BEDZ Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of FXD and BEDZ, 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

	FXD	BEDZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.47	0.89	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	0.29	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.31	0.00

Drawdowns

FXD vs. BEDZ - Drawdown Comparison

The maximum FXD drawdown since its inception was -65.27%, which is greater than BEDZ's maximum drawdown of -29.70%. Use the drawdown chart below to compare losses from any high point for FXD and BEDZ.

Drawdown Indicators

	FXD	BEDZ	Difference
Max Drawdown Largest peak-to-trough decline	-65.27%	-29.70%	-35.57%
Max Drawdown (1Y) Largest decline over 1 year	-13.94%	-12.06%	-1.88%
Max Drawdown (3Y) Largest decline over 3 years	-26.02%	-28.31%	+2.29%
Max Drawdown (5Y) Largest decline over 5 years	-33.74%	-29.70%	-4.04%
Max Drawdown (10Y) Largest decline over 10 years	-49.54%	—	—
Current Drawdown Current decline from peak	-7.12%	-0.55%	-6.57%
Average Drawdown Average peak-to-trough decline	-10.97%	-8.08%	-2.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.48%	5.15%	+0.33%

Volatility

FXD vs. BEDZ - Volatility Comparison

First Trust Consumer Discretionary AlphaDEX Fund (FXD) has a higher volatility of 6.00% compared to AdvisorShares Hotel ETF (BEDZ) at 5.12%. This indicates that FXD's price experiences larger fluctuations and is considered to be riskier than BEDZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FXD	BEDZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.00%	5.12%	+0.88%
Volatility (6M) Calculated over the trailing 6-month period	14.23%	15.09%	-0.86%
Volatility (1Y) Calculated over the trailing 1-year period	19.21%	20.29%	-1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.70%	24.88%	-2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.67%	24.84%	-1.17%

FXD vs. BEDZ - Expense Ratio Comparison

FXD has a 0.63% expense ratio, which is lower than BEDZ's 0.99% expense ratio.

Dividends

FXD vs. BEDZ - Dividend Comparison

FXD's dividend yield for the trailing twelve months is around 0.78%, less than BEDZ's 2.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BEDZ AdvisorShares Hotel ETF	2.20%	2.31%	0.00%	1.67%	0.21%	0.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FXD First Trust Consumer Discretionary AlphaDEX Fund	0.78%	0.80%	0.89%	0.70%	1.00%	0.62%	0.42%	0.92%	1.08%	0.93%	1.05%	0.90%

Frequently Asked Questions

Can I hold both FXD and BEDZ in my portfolio?

FXD and BEDZ have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FXD or BEDZ?

FXD has higher volatility (6.00%) compared to BEDZ (5.12%). In terms of maximum drawdown, FXD dropped -65.27% vs BEDZ's -29.70%.

Which ETF is better, FXD or BEDZ?

On 5-year performance, BEDZ leads with 7.19% vs 3.00% for FXD. On fees, FXD is cheaper at 0.63% per year. On volatility, BEDZ has been the lower-risk option at 5.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FXD or BEDZ?

Over the 5-year period, BEDZ has performed better with a 7.19% return vs 3.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FXD or BEDZ?

FXD is cheaper with a 0.63% expense ratio, compared with 0.99% for BEDZ.

Which ETF pays a higher dividend yield, FXD or BEDZ?

BEDZ has the higher dividend yield at 2.20%, compared with 0.78% for FXD.

What is the main difference between FXD and BEDZ?

They also come from different issuers: First Trust and AdvisorShares. Their fees differ too: 0.63% for FXD and 0.99% for BEDZ.

Which has better risk-adjusted returns?

BEDZ currently has the higher Sharpe Ratio (0.89 vs 0.47), 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.