FXD vs. RSPD

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust Consumer Discretionary AlphaDEX Fund (FXD) and Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD).

FXD and RSPD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FXD is a passively managed fund by First Trust that tracks the performance of the StrataQuant Consumer Discretionary Index. It was launched on May 8, 2007. RSPD is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weighted / Consumer Discretionary -SEC. It was launched on Nov 1, 2006. Both FXD and RSPD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FXD vs. RSPD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Consumer Discretionary AlphaDEX Fund (FXD) and Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD). The values are adjusted to include any dividend payments, if applicable.

FXD vs. RSPD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FXD First Trust Consumer Discretionary AlphaDEX Fund	-6.20%	6.70%	10.57%	23.39%	-21.56%	22.72%	12.97%	24.22%	-11.60%	19.77%
RSPD Invesco S&P 500 Equal Weight Consumer Discretionary ETF	-5.92%	7.98%	13.37%	22.55%	-24.03%	28.75%	11.43%	25.88%	-8.79%	15.04%

Returns By Period

The year-to-date returns for both investments are quite close, with FXD having a -6.20% return and RSPD slightly higher at -5.92%. Both investments have delivered pretty close results over the past 10 years, with FXD having a 7.08% annualized return and RSPD not far ahead at 7.36%.

FXD

• 1D: 3.17%
• 1M: -7.69%
• YTD: -6.20%
• 6M: -5.82%
• 1Y: 11.48%
• 3Y*: 8.09%
• 5Y*: 2.54%
• 10Y*: 7.08%

RSPD

• 1D: 2.92%
• 1M: -9.04%
• YTD: -5.92%
• 6M: -6.83%
• 1Y: 8.38%
• 3Y*: 9.02%
• 5Y*: 3.50%
• 10Y*: 7.36%

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

FXD vs. RSPD - Expense Ratio Comparison

FXD has a 0.63% expense ratio, which is higher than RSPD's 0.40% expense ratio.

FXD

First Trust Consumer Discretionary AlphaDEX Fund

RSPD

Invesco S&P 500 Equal Weight Consumer Discretionary ETF

Return for Risk

FXD vs. RSPD — Risk / Return Rank

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

FXD

FXD Risk / Return Rank: 30
FXD Sharpe Ratio Rank: 27
FXD Sortino Ratio Rank: 31
FXD Omega Ratio Rank: 28
FXD Calmar Ratio Rank: 33
FXD Martin Ratio Rank: 30

RSPD

RSPD Risk / Return Rank: 26
RSPD Sharpe Ratio Rank: 24
RSPD Sortino Ratio Rank: 26
RSPD Omega Ratio Rank: 24
RSPD Calmar Ratio Rank: 29
RSPD Martin Ratio Rank: 26

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. RSPD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Consumer Discretionary AlphaDEX Fund (FXD) and Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD). 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	RSPD	Difference
Sharpe ratio Return per unit of total volatility	0.47	0.37	+0.10
Sortino ratio Return per unit of downside risk	0.87	0.73	+0.14
Omega ratio Gain probability vs. loss probability	1.11	1.09	+0.02
Calmar ratio Return relative to maximum drawdown	0.81	0.68	+0.14
Martin ratio Return relative to average drawdown	2.50	1.98	+0.52
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. RSPD - Sharpe Ratio Comparison

The current FXD Sharpe Ratio is 0.47, which is comparable to the RSPD Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of FXD and RSPD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FXD	RSPD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.47	0.37	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	0.16	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	0.32	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.33	-0.03

Correlation

The correlation between FXD and RSPD is 0.89, 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.

Dividends

FXD vs. RSPD - Dividend Comparison

FXD's dividend yield for the trailing twelve months is around 0.82%, less than RSPD's 1.05% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXD First Trust Consumer Discretionary AlphaDEX Fund	0.82%	0.80%	0.89%	0.70%	1.00%	0.62%	0.42%	0.92%	1.08%	0.93%	1.05%	0.90%
RSPD Invesco S&P 500 Equal Weight Consumer Discretionary ETF	1.05%	1.08%	0.84%	1.09%	0.99%	0.53%	0.81%	1.59%	1.67%	1.45%	1.27%	1.37%

Drawdowns

FXD vs. RSPD - Drawdown Comparison

The maximum FXD drawdown since its inception was -65.27%, roughly equal to the maximum RSPD drawdown of -68.00%. Use the drawdown chart below to compare losses from any high point for FXD and RSPD.

Drawdown Indicators

	FXD	RSPD	Difference
Max Drawdown Largest peak-to-trough decline	-65.27%	-68.00%	+2.73%
Max Drawdown (1Y) Largest decline over 1 year	-15.35%	-13.57%	-1.78%
Max Drawdown (5Y) Largest decline over 5 years	-33.74%	-34.41%	+0.67%
Max Drawdown (10Y) Largest decline over 10 years	-49.54%	-48.00%	-1.54%
Current Drawdown Current decline from peak	-11.21%	-10.61%	-0.60%
Average Drawdown Average peak-to-trough decline	-11.00%	-10.72%	-0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.00%	4.65%	+0.35%

Volatility

FXD vs. RSPD - Volatility Comparison

First Trust Consumer Discretionary AlphaDEX Fund (FXD) and Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) have volatilities of 6.61% and 6.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FXD	RSPD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.61%	6.40%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	13.91%	12.98%	+0.93%
Volatility (1Y) Calculated over the trailing 1-year period	24.35%	22.52%	+1.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.52%	22.01%	+0.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.57%	23.02%	+0.55%