FXG vs. CLIX
FXG (First Trust Consumer Staples AlphaDEX Fund) and CLIX (ProShares Long Online/Short Stores ETF) are both exchange-traded funds - FXG is a Consumer Staples Equities fund tracking the StrataQuant Consumer Staples Index, while CLIX is a Long-Short fund tracking the ProShares Long Online/Short Stores Index. Both are passively managed. Over the past 5 years, FXG returned 4.79%/yr vs -6.23%/yr for CLIX. At a 0.10 correlation, their price movements are largely independent. FXG charges 0.63%/yr vs 0.65%/yr for CLIX.
Performance
FXG vs. CLIX - Performance Comparison
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Returns By Period
In the year-to-date period, FXG achieves a 6.91% return, which is significantly higher than CLIX's -3.48% return.
FXG
- 1D
- 0.80%
- 1M
- 1.32%
- 6M
- 4.47%
- YTD
- 6.91%
- 1Y
- 3.64%
- 3Y*
- 2.65%
- 5Y*
- 4.79%
- 10Y*
- 4.56%
CLIX
- 1D
- -0.40%
- 1M
- 7.04%
- 6M
- -7.16%
- YTD
- -3.48%
- 1Y
- 12.38%
- 3Y*
- 16.62%
- 5Y*
- -6.23%
- 10Y*
- —
FXG vs. CLIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXG First Trust Consumer Staples AlphaDEX Fund | 6.91% | -2.66% | 3.21% | 1.97% | 3.28% | 21.73% | 4.85% | 20.65% | -11.49% | 7.31% |
CLIX ProShares Long Online/Short Stores ETF | -3.48% | 32.81% | 20.73% | 28.97% | -46.73% | -39.96% | 90.91% | 17.32% | 6.34% | -2.43% |
Correlation
The correlation between FXG and CLIX is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2017 | 0.10 |
The correlation between FXG and CLIX shifts across timeframes, from -0.03 (1 year) to 0.11 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FXG vs. CLIX — Risk / Return Rank
FXG
CLIX
FXG vs. CLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Consumer Staples AlphaDEX Fund (FXG) and ProShares Long Online/Short Stores ETF (CLIX). 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.
| FXG | CLIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.11 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 0.64 | -0.35 |
| Martin ratioReturn relative to average drawdown | 0.60 | 1.56 | -0.97 |
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Drawdowns
FXG vs. CLIX - Drawdown Comparison
The maximum FXG drawdown since its inception was -38.69%, smaller than the maximum CLIX drawdown of -73.21%. Use the drawdown chart below to compare losses from any high point for FXG and CLIX.
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Drawdown Indicators
| FXG | CLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.69% | -73.21% | +34.52% |
Max Drawdown (1Y)Largest decline over 1 year | -12.75% | -19.57% | +6.82% |
Max Drawdown (3Y)Largest decline over 3 years | -12.75% | -21.18% | +8.43% |
Max Drawdown (5Y)Largest decline over 5 years | -15.70% | -66.03% | +50.33% |
Max Drawdown (10Y)Largest decline over 10 years | -27.54% | — | — |
Current DrawdownCurrent decline from peak | -6.49% | -42.98% | +36.49% |
Average DrawdownAverage peak-to-trough decline | -6.04% | -34.81% | +28.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.12% | 7.94% | -1.82% |
Volatility
FXG vs. CLIX - Volatility Comparison
The current volatility for First Trust Consumer Staples AlphaDEX Fund (FXG) is 5.30%, while ProShares Long Online/Short Stores ETF (CLIX) has a volatility of 6.10%. This indicates that FXG experiences smaller price fluctuations and is considered to be less risky than CLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXG | CLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 6.10% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 10.26% | 16.70% | -6.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.68% | 21.72% | -8.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.65% | 26.85% | -13.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.98% | 25.88% | -10.90% |
FXG vs. CLIX - Expense Ratio Comparison
FXG has a 0.63% expense ratio, which is lower than CLIX's 0.65% expense ratio.
Dividends
FXG vs. CLIX - Dividend Comparison
FXG's dividend yield for the trailing twelve months is around 2.38%, more than CLIX's 0.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | 0.54% | 0.46% | 0.46% | 0.00% | 0.00% | 0.00% | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXG First Trust Consumer Staples AlphaDEX Fund | 2.38% | 2.83% | 1.70% | 1.41% | 1.83% | 1.38% | 1.41% | 1.63% | 2.31% | 1.34% | 1.72% | 1.67% |
Frequently Asked Questions
FXG and CLIX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLIX has higher volatility (6.10%) compared to FXG (5.30%). In terms of maximum drawdown, FXG dropped -38.69% vs CLIX's -73.21%.
On 5-year performance, FXG leads with 4.79% vs -6.23% for CLIX. On fees, FXG is cheaper at 0.63% per year. On volatility, FXG has been the lower-risk option at 5.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FXG has performed better with a 4.79% return vs -6.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FXG is cheaper with a 0.63% expense ratio, compared with 0.65% for CLIX.
FXG has the higher dividend yield at 2.38%, compared with 0.54% for CLIX.
FXG is categorized as Consumer Staples Equities, while CLIX is Long-Short. FXG tracks StrataQuant Consumer Staples Index, while CLIX tracks ProShares Long Online/Short Stores Index. They also come from different issuers: First Trust and ProShares. Their fees differ too: 0.63% for FXG and 0.65% for CLIX.
CLIX currently has the higher Sharpe Ratio (0.57 vs 0.27), 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.
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