FXL vs. VOO
Compare and contrast key facts about First Trust Technology AlphaDEX Fund (FXL) and Vanguard S&P 500 ETF (VOO).
FXL and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FXL is a passively managed fund by First Trust that tracks the performance of the StrataQuant Technology Index. It was launched on May 8, 2007. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both FXL and VOO 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: FXL or VOO.
Key characteristics
| FXL | VOO | |
|---|---|---|
| YTD Return | -1.90% | 5.63% |
| 1Y Return | 29.11% | 23.68% |
| 3Y Return (Ann) | 2.32% | 7.89% |
| 5Y Return (Ann) | 13.35% | 13.12% |
| 10Y Return (Ann) | 15.88% | 12.38% |
| Sharpe Ratio | 1.38 | 1.91 |
| Daily Std Dev | 19.93% | 11.70% |
| Max Drawdown | -61.41% | -33.99% |
| Current Drawdown | -9.34% | -4.45% |
Correlation
The correlation between FXL and VOO is 0.84, 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
FXL vs. VOO - Performance Comparison
In the year-to-date period, FXL achieves a -1.90% return, which is significantly lower than VOO's 5.63% return. Over the past 10 years, FXL has outperformed VOO with an annualized return of 15.88%, while VOO has yielded a comparatively lower 12.38% 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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FXL vs. VOO - Expense Ratio Comparison
FXL has a 0.61% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FXL vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Technology AlphaDEX Fund (FXL) and Vanguard S&P 500 ETF (VOO). 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
FXL vs. VOO - Dividend Comparison
FXL's dividend yield for the trailing twelve months is around 0.45%, less than VOO's 1.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXL First Trust Technology AlphaDEX Fund | 0.45% | 0.41% | 0.34% | 0.11% | 0.04% | 0.37% | 0.32% | 0.27% | 1.12% | 0.36% | 0.63% | 0.32% |
VOO Vanguard S&P 500 ETF | 1.39% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FXL vs. VOO - Drawdown Comparison
The maximum FXL drawdown since its inception was -61.41%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FXL and VOO. For additional features, visit the drawdowns tool.
Volatility
FXL vs. VOO - Volatility Comparison
First Trust Technology AlphaDEX Fund (FXL) has a higher volatility of 6.12% compared to Vanguard S&P 500 ETF (VOO) at 3.89%. This indicates that FXL's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.