FXH vs. FXAIX
Compare and contrast key facts about First Trust Health Care AlphaDEX Fund (FXH) and Fidelity 500 Index Fund (FXAIX).
FXH is a passively managed fund by First Trust that tracks the performance of the StrataQuant Health Care Index. It was launched on May 8, 2007. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXH or FXAIX.
Key characteristics
| FXH | FXAIX | |
|---|---|---|
| YTD Return | 0.53% | 5.67% |
| 1Y Return | -3.05% | 23.72% |
| 3Y Return (Ann) | -3.00% | 7.94% |
| 5Y Return (Ann) | 6.83% | 13.14% |
| 10Y Return (Ann) | 7.75% | 12.46% |
| Sharpe Ratio | -0.38 | 1.91 |
| Daily Std Dev | 13.13% | 11.69% |
| Max Drawdown | -43.70% | -33.79% |
| Current Drawdown | -18.37% | -4.41% |
Correlation
The correlation between FXH and FXAIX is 0.77, 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
FXH vs. FXAIX - Performance Comparison
In the year-to-date period, FXH achieves a 0.53% return, which is significantly lower than FXAIX's 5.67% return. Over the past 10 years, FXH has underperformed FXAIX with an annualized return of 7.75%, while FXAIX has yielded a comparatively higher 12.46% 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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FXH vs. FXAIX - Expense Ratio Comparison
FXH has a 0.61% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
FXH vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Health Care AlphaDEX Fund (FXH) and Fidelity 500 Index Fund (FXAIX). 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
FXH vs. FXAIX - Dividend Comparison
FXH's dividend yield for the trailing twelve months is around 0.30%, less than FXAIX's 1.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXH First Trust Health Care AlphaDEX Fund | 0.30% | 0.24% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% |
FXAIX Fidelity 500 Index Fund | 1.39% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
FXH vs. FXAIX - Drawdown Comparison
The maximum FXH drawdown since its inception was -43.70%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FXH and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FXH vs. FXAIX - Volatility Comparison
First Trust Health Care AlphaDEX Fund (FXH) and Fidelity 500 Index Fund (FXAIX) have volatilities of 4.02% and 3.85%, 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.