FXD vs. KLXY

Last updated Jun 4, 2026

FXD (First Trust Consumer Discretionary AlphaDEX Fund) and KLXY (Kraneshares Global Luxury Index ETF) are both Consumer Discretionary Equities funds - FXD tracks the StrataQuant Consumer Discretionary Index while KLXY tracks the Solactive Global Luxury Index - Benchmark TR Net. Both are passively managed. A 0.65 correlation means they provide meaningful diversification when combined. FXD charges 0.63%/yr vs 0.69%/yr for KLXY.

Performance

FXD vs. KLXY - Performance Comparison

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

Returns By Period

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%

KLXY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FXD vs. KLXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FXD First Trust Consumer Discretionary AlphaDEX Fund	-1.88%	6.70%	10.57%	11.47%
KLXY Kraneshares Global Luxury Index ETF	-0.86%	13.69%	-6.39%	2.48%

Correlation

The correlation between FXD and KLXY is 0.57, 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	0.57
Correlation (All Time) Calculated using the full available price history since Sep 8, 2023	0.65

The correlation between FXD and KLXY has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.

FXD vs. KLXY - Sectors Allocation Comparison

Sectors	FXD	KLXY
Consumer Cyclical	69.7%	73.2%
Consumer Defensive	9.2%	21.8%
Industrials	9.2%	-
Communication Services	6.7%	-
Technology	2.5%	-
Energy	0.8%	-
Basic Materials	-	-
Financial Services	-	-
Healthcare	-	4.9%
Real Estate	-	-
Utilities	-	-

Return for Risk

FXD vs. KLXY — 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

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. KLXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Consumer Discretionary AlphaDEX Fund (FXD) and Kraneshares Global Luxury Index ETF (KLXY). 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	KLXY	Difference
Sharpe ratio Return per unit of total volatility	0.47	—	—
Sortino ratio Return per unit of downside risk	0.83	—	—
Omega ratio Gain probability vs. loss probability	1.09	—	—
Calmar ratio Return relative to maximum drawdown	0.65	—	—
Martin ratio Return relative to average drawdown	1.65	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FXD	KLXY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.47	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	—	—
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	—	—

Drawdowns

Drawdown Indicators

	FXD	KLXY	Difference
Max Drawdown Largest peak-to-trough decline	-65.27%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.94%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.02%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.74%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-49.54%	—	—
Current Drawdown Current decline from peak	-7.12%	—	—
Average Drawdown Average peak-to-trough decline	-10.97%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.48%	—	—

Volatility

Volatility by Period

	FXD	KLXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.23%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.21%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.70%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.67%	—	—

FXD vs. KLXY - Expense Ratio Comparison

FXD has a 0.63% expense ratio, which is lower than KLXY's 0.69% expense ratio.

Dividends

FXD vs. KLXY - Dividend Comparison

FXD's dividend yield for the trailing twelve months is around 0.78%, less than KLXY's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
KLXY Kraneshares Global Luxury Index ETF	0.85%	0.84%	0.74%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FXD and KLXY in my portfolio?

FXD and KLXY have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FXD or KLXY?

On fees, FXD is cheaper at 0.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FXD or KLXY?

FXD is cheaper with a 0.63% expense ratio, compared with 0.69% for KLXY.

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

KLXY has the higher dividend yield at 0.85%, compared with 0.78% for FXD.

What is the main difference between FXD and KLXY?

FXD tracks StrataQuant Consumer Discretionary Index, while KLXY tracks Solactive Global Luxury Index - Benchmark TR Net. They also come from different issuers: First Trust and KraneShares. Their fees differ too: 0.63% for FXD and 0.69% for KLXY.