FXH vs. XBI
Compare and contrast key facts about First Trust Health Care AlphaDEX Fund (FXH) and SPDR S&P Biotech ETF (XBI).
FXH and XBI 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. XBI is a passively managed fund by State Street that tracks the performance of the S&P Biotechnology Select Industry Index. It was launched on Feb 6, 2006. Both FXH and XBI 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 XBI.
Key characteristics
| FXH | XBI | |
|---|---|---|
| YTD Return | 7.33% | 15.53% |
| 1Y Return | 19.72% | 48.60% |
| 3Y Return (Ann) | -2.72% | -7.55% |
| 5Y Return (Ann) | 7.26% | 4.27% |
| 10Y Return (Ann) | 6.75% | 6.25% |
| Sharpe Ratio | 1.45 | 1.65 |
| Sortino Ratio | 2.08 | 2.33 |
| Omega Ratio | 1.25 | 1.27 |
| Calmar Ratio | 0.65 | 0.72 |
| Martin Ratio | 6.29 | 5.74 |
| Ulcer Index | 2.96% | 7.71% |
| Daily Std Dev | 12.83% | 26.76% |
| Max Drawdown | -43.70% | -63.89% |
| Current Drawdown | -12.85% | -40.69% |
Correlation
The correlation between FXH and XBI is 0.74, 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. XBI - Performance Comparison
In the year-to-date period, FXH achieves a 7.33% return, which is significantly lower than XBI's 15.53% return. Over the past 10 years, FXH has outperformed XBI with an annualized return of 6.75%, while XBI has yielded a comparatively lower 6.25% 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. XBI - Expense Ratio Comparison
FXH has a 0.61% expense ratio, which is higher than XBI's 0.35% expense ratio.
Risk-Adjusted Performance
FXH vs. XBI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Health Care AlphaDEX Fund (FXH) and SPDR S&P Biotech ETF (XBI). 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. XBI - Dividend Comparison
FXH's dividend yield for the trailing twelve months is around 0.43%, more than XBI's 0.14% 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% |
XBI SPDR S&P Biotech ETF | 0.14% | 0.02% | 0.00% | 0.04% | 0.20% | 0.00% | 0.28% | 0.24% | 0.26% | 0.61% | 1.07% | 0.17% |
Drawdowns
FXH vs. XBI - Drawdown Comparison
The maximum FXH drawdown since its inception was -43.70%, smaller than the maximum XBI drawdown of -63.89%. Use the drawdown chart below to compare losses from any high point for FXH and XBI. For additional features, visit the drawdowns tool.
Volatility
FXH vs. XBI - Volatility Comparison
The current volatility for First Trust Health Care AlphaDEX Fund (FXH) is 3.43%, while SPDR S&P Biotech ETF (XBI) has a volatility of 5.33%. This indicates that FXH experiences smaller price fluctuations and is considered to be less risky than XBI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.