FXH vs. IYW
Compare and contrast key facts about First Trust Health Care AlphaDEX Fund (FXH) and iShares U.S. Technology ETF (IYW).
FXH and IYW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IYW is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Technology Index. It was launched on May 19, 2000. Both FXH and IYW 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: FXH or IYW.
Key characteristics
| FXH | IYW | |
|---|---|---|
| YTD Return | 7.33% | 31.61% |
| 1Y Return | 19.72% | 45.63% |
| 3Y Return (Ann) | -2.72% | 12.58% |
| 5Y Return (Ann) | 7.26% | 24.75% |
| 10Y Return (Ann) | 6.75% | 21.15% |
| Sharpe Ratio | 1.45 | 2.18 |
| Sortino Ratio | 2.08 | 2.77 |
| Omega Ratio | 1.25 | 1.38 |
| Calmar Ratio | 0.65 | 2.88 |
| Martin Ratio | 6.29 | 9.97 |
| Ulcer Index | 2.96% | 4.65% |
| Daily Std Dev | 12.83% | 21.25% |
| Max Drawdown | -43.70% | -81.89% |
| Current Drawdown | -12.85% | 0.00% |
Correlation
The correlation between FXH and IYW is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FXH vs. IYW - Performance Comparison
In the year-to-date period, FXH achieves a 7.33% return, which is significantly lower than IYW's 31.61% return. Over the past 10 years, FXH has underperformed IYW with an annualized return of 6.75%, while IYW has yielded a comparatively higher 21.15% 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. IYW - Expense Ratio Comparison
FXH has a 0.61% expense ratio, which is higher than IYW's 0.42% expense ratio.
Risk-Adjusted Performance
FXH vs. IYW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Health Care AlphaDEX Fund (FXH) and iShares U.S. Technology ETF (IYW). 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. IYW - Dividend Comparison
FXH's dividend yield for the trailing twelve months is around 0.43%, more than IYW's 0.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXH First Trust Health Care AlphaDEX Fund | 0.43% | 0.24% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% |
IYW iShares U.S. Technology ETF | 0.31% | 0.40% | 0.50% | 0.31% | 0.56% | 0.72% | 0.91% | 0.82% | 1.13% | 1.12% | 1.13% | 1.06% |
Drawdowns
FXH vs. IYW - Drawdown Comparison
The maximum FXH drawdown since its inception was -43.70%, smaller than the maximum IYW drawdown of -81.89%. Use the drawdown chart below to compare losses from any high point for FXH and IYW. For additional features, visit the drawdowns tool.
Volatility
FXH vs. IYW - Volatility Comparison
The current volatility for First Trust Health Care AlphaDEX Fund (FXH) is 3.43%, while iShares U.S. Technology ETF (IYW) has a volatility of 6.26%. This indicates that FXH experiences smaller price fluctuations and is considered to be less risky than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.