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 3.58%/yr vs -7.82%/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 2.89% return, which is significantly higher than CLIX's -8.57% return.
FXG
- 1D
- 2.07%
- 1M
- 1.23%
- YTD
- 2.89%
- 6M
- 2.89%
- 1Y
- -0.88%
- 3Y*
- 2.22%
- 5Y*
- 3.58%
- 10Y*
- 4.68%
CLIX
- 1D
- 0.70%
- 1M
- -5.51%
- YTD
- -8.57%
- 6M
- -8.64%
- 1Y
- 9.82%
- 3Y*
- 17.63%
- 5Y*
- -7.82%
- 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 | 2.89% | -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 | -8.57% | 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 -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
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 -0.02 (1 year) to 0.12 (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 | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.09 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 0.50 | -0.57 |
| Martin ratioReturn relative to average drawdown | -0.15 | 1.29 | -1.44 |
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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% | -68.22% | +52.52% |
Max Drawdown (10Y)Largest decline over 10 years | -27.54% | — | — |
Current DrawdownCurrent decline from peak | -10.01% | -45.99% | +35.98% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -34.75% | +28.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.87% | 7.61% | -1.74% |
Volatility
FXG vs. CLIX - Volatility Comparison
The current volatility for First Trust Consumer Staples AlphaDEX Fund (FXG) is 5.33%, while ProShares Long Online/Short Stores ETF (CLIX) has a volatility of 6.64%. 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 | 5.33% | 6.64% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 10.04% | 16.31% | -6.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 21.47% | -8.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 27.05% | -13.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.97% | 25.92% | -10.95% |
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 2.82%, more than CLIX's 0.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | 0.58% | 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 | 2.82% | 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 -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLIX has higher volatility (6.64%) compared to FXG (5.33%). In terms of maximum drawdown, FXG dropped -38.69% vs CLIX's -73.21%.
On 5-year performance, FXG leads with 3.58% vs -7.82% for CLIX. On fees, FXG is cheaper at 0.63% per year. On volatility, FXG has been the lower-risk option at 5.33%. 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 3.58% return vs -7.82%. 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 2.82%, compared with 0.58% 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 (0.46 vs -0.07), 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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