FXD vs. HOG

Last updated Jun 23, 2026

FXD (First Trust Consumer Discretionary AlphaDEX Fund) is Consumer Discretionary Equities fund tracking the StrataQuant Consumer Discretionary Index, while HOG (Harley-Davidson, Inc.) is a stock. Over the past 10 years, FXD returned 8.50%/yr vs -3.14%/yr for HOG. A 0.65 correlation means they provide meaningful diversification when combined.

Performance

FXD vs. HOG - Performance Comparison

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

Returns By Period

In the year-to-date period, FXD achieves a 0.15% return, which is significantly lower than HOG's 22.71% return. Over the past 10 years, FXD has outperformed HOG with an annualized return of 8.50%, while HOG has yielded a comparatively lower -3.14% annualized return.

FXD

• 1D: -0.99%
• 1M: 3.43%
• YTD: 0.15%
• 6M: -1.79%
• 1Y: 11.85%
• 3Y*: 9.82%
• 5Y*: 3.65%
• 10Y*: 8.50%

HOG

• 1D: -3.82%
• 1M: 4.85%
• YTD: 22.71%
• 6M: 20.30%
• 1Y: 9.04%
• 3Y*: -7.28%
• 5Y*: -9.61%
• 10Y*: -3.14%

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

FXD vs. HOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FXD First Trust Consumer Discretionary AlphaDEX Fund	0.15%	6.70%	10.57%	23.39%	-21.56%	22.72%	12.97%	24.22%	-11.60%	19.77%
HOG Harley-Davidson, Inc.	22.71%	-30.05%	-16.61%	-9.76%	12.13%	4.29%	0.19%	13.62%	-30.54%	-10.29%

Correlation

The correlation between FXD and HOG is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since May 10, 2007	0.65

The correlation between FXD and HOG shifts across timeframes, from 0.52 (1 year) to 0.67 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FXD vs. HOG — Risk / Return Rank

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

FXD

FXD Risk / Return Rank: 19
FXD Sharpe Ratio Rank: 18
FXD Sortino Ratio Rank: 19
FXD Omega Ratio Rank: 17
FXD Calmar Ratio Rank: 19
FXD Martin Ratio Rank: 19

HOG

HOG Risk / Return Rank: 47
HOG Sharpe Ratio Rank: 50
HOG Sortino Ratio Rank: 47
HOG Omega Ratio Rank: 45
HOG Calmar Ratio Rank: 47
HOG Martin Ratio Rank: 46

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. HOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Consumer Discretionary AlphaDEX Fund (FXD) and Harley-Davidson, Inc. (HOG). 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.

	FXD	HOG	Difference
Sharpe ratio: Return per unit of total volatility	0.61	0.22	+0.39
Sortino ratio: Return per unit of downside risk	1.04	0.64	+0.40
Omega ratio: Gain probability vs. loss probability	1.11	1.08	+0.04
Calmar ratio: Return relative to maximum drawdown	0.85	0.21	+0.64
Martin ratio: Return relative to average drawdown	2.12	0.39	+1.73

FXD vs. HOG - Sharpe Ratio Comparison

The current FXD Sharpe Ratio is 0.61, which is higher than the HOG Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of FXD and HOG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FXD vs. HOG - Drawdown Comparison

The maximum FXD drawdown since its inception was -65.27%, smaller than the maximum HOG drawdown of -88.26%. Use the drawdown chart below to compare losses from any high point for FXD and HOG.

Drawdown Indicators

	FXD	HOG	Difference
Max Drawdown Largest peak-to-trough decline	-65.27%	-88.26%	+22.99%
Max Drawdown (1Y) Largest decline over 1 year	-13.94%	-43.24%	+29.30%
Max Drawdown (3Y) Largest decline over 3 years	-26.02%	-58.74%	+32.72%
Max Drawdown (5Y) Largest decline over 5 years	-33.74%	-64.11%	+30.37%
Max Drawdown (10Y) Largest decline over 10 years	-49.54%	-73.28%	+23.74%
Current Drawdown Current decline from peak	-5.20%	-54.91%	+49.71%
Average Drawdown Average peak-to-trough decline	-10.95%	-24.44%	+13.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.59%	23.18%	-17.59%

Volatility

FXD vs. HOG - Volatility Comparison

The current volatility for First Trust Consumer Discretionary AlphaDEX Fund (FXD) is 5.75%, while Harley-Davidson, Inc. (HOG) has a volatility of 11.12%. This indicates that FXD experiences smaller price fluctuations and is considered to be less risky than HOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FXD	HOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.75%	11.12%	-5.37%
Volatility (6M) Calculated over the trailing 6-month period	14.77%	28.19%	-13.42%
Volatility (1Y) Calculated over the trailing 1-year period	19.52%	41.20%	-21.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.77%	40.43%	-17.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.72%	43.10%	-19.38%

Dividends

FXD vs. HOG - Dividend Comparison

FXD's dividend yield for the trailing twelve months is around 0.76%, less than HOG's 2.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXD First Trust Consumer Discretionary AlphaDEX Fund	0.76%	0.80%	0.89%	0.70%	1.00%	0.62%	0.42%	0.92%	1.08%	0.93%	1.05%	0.90%
HOG Harley-Davidson, Inc.	2.98%	3.51%	2.29%	1.79%	1.51%	1.59%	1.20%	4.03%	4.34%	2.87%	2.40%	2.73%

Frequently Asked Questions

Can I hold both FXD and HOG in my portfolio?

FXD and HOG have a correlation of 0.52, 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 HOG?

HOG has higher volatility (11.12%) compared to FXD (5.75%). In terms of maximum drawdown, FXD dropped -65.27% vs HOG's -88.26%.

Which has better risk-adjusted returns?

FXD currently has the higher Sharpe Ratio (0.61 vs 0.22), 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.