FXD vs. XLY
Compare and contrast key facts about First Trust Consumer Discretionary AlphaDEX Fund (FXD) and Consumer Discretionary Select Sector SPDR Fund (XLY).
FXD and XLY 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. XLY is a passively managed fund by State Street that tracks the performance of the Consumer Discretionary Select Sector Index. It was launched on Dec 16, 1998. Both FXD and XLY 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: FXD or XLY.
Key characteristics
| FXD | XLY | |
|---|---|---|
| YTD Return | 0.53% | -0.95% |
| 1Y Return | 15.31% | 22.49% |
| 3Y Return (Ann) | -0.19% | 0.54% |
| 5Y Return (Ann) | 7.00% | 9.06% |
| 10Y Return (Ann) | 7.38% | 11.97% |
| Sharpe Ratio | 0.78 | 1.22 |
| Daily Std Dev | 18.80% | 17.68% |
| Max Drawdown | -65.27% | -59.05% |
| Current Drawdown | -8.27% | -14.65% |
Correlation
The correlation between FXD and XLY is 0.84, 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
FXD vs. XLY - Performance Comparison
In the year-to-date period, FXD achieves a 0.53% return, which is significantly higher than XLY's -0.95% return. Over the past 10 years, FXD has underperformed XLY with an annualized return of 7.38%, while XLY has yielded a comparatively higher 11.97% 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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FXD vs. XLY - Expense Ratio Comparison
FXD has a 0.63% expense ratio, which is higher than XLY's 0.13% expense ratio.
Risk-Adjusted Performance
FXD vs. XLY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Consumer Discretionary AlphaDEX Fund (FXD) and Consumer Discretionary Select Sector SPDR Fund (XLY). 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
FXD vs. XLY - Dividend Comparison
FXD's dividend yield for the trailing twelve months is around 0.62%, less than XLY's 0.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXD First Trust Consumer Discretionary AlphaDEX Fund | 0.62% | 0.70% | 1.00% | 0.62% | 0.42% | 0.92% | 1.08% | 0.93% | 1.05% | 0.90% | 0.52% | 0.35% |
XLY Consumer Discretionary Select Sector SPDR Fund | 0.76% | 0.78% | 1.00% | 0.53% | 0.82% | 1.28% | 1.34% | 1.20% | 1.71% | 1.43% | 1.31% | 1.16% |
Drawdowns
FXD vs. XLY - Drawdown Comparison
The maximum FXD drawdown since its inception was -65.27%, which is greater than XLY's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for FXD and XLY. For additional features, visit the drawdowns tool.
Volatility
FXD vs. XLY - Volatility Comparison
First Trust Consumer Discretionary AlphaDEX Fund (FXD) and Consumer Discretionary Select Sector SPDR Fund (XLY) have volatilities of 5.38% and 5.57%, 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.