FXO vs. FDIQ
FXO (First Trust Financials AlphaDEX Fund) and FDIQ (Invesco Bloomberg Financial Data Providers ETF) are both Financials Equities funds - FXO tracks the StrataQuant Financials Index while FDIQ tracks the Bloomberg Financial Data Providers Index. Both are passively managed. Over the past 10 years, FXO returned 13.29%/yr vs 8.11%/yr for FDIQ. Their correlation of 0.83 means they have usually moved in the same direction. FXO charges 0.62%/yr vs 0.35%/yr for FDIQ.
Performance
FXO vs. FDIQ - Performance Comparison
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Returns By Period
In the year-to-date period, FXO achieves a 12.28% return, which is significantly lower than FDIQ's 17.33% return. Over the past 10 years, FXO has outperformed FDIQ with an annualized return of 13.29%, while FDIQ has yielded a comparatively lower 8.11% annualized return.
FXO
- 1D
- 0.71%
- 1M
- 4.66%
- 6M
- 10.72%
- YTD
- 12.28%
- 1Y
- 20.77%
- 3Y*
- 20.31%
- 5Y*
- 11.44%
- 10Y*
- 13.29%
- ALL TIME*
- 8.63%
FDIQ
- 1D
- 0.57%
- 1M
- 6.03%
- 6M
- 5.65%
- YTD
- 17.33%
- 1Y
- 28.28%
- 3Y*
- 15.19%
- 5Y*
- 7.31%
- 10Y*
- 8.11%
- ALL TIME*
- 10.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $253.91K | $188.83K | $197.30K | |
| $3.33M | $3.32M | $3.46M |
FXO vs. FDIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXO First Trust Financials AlphaDEX Fund | 12.28% | 13.59% | 27.72% | 9.28% | -9.24% | 37.76% | 5.95% | 26.31% | -11.72% | 17.88% |
FDIQ Invesco Bloomberg Financial Data Providers ETF | 17.33% | 6.32% | 12.76% | -0.84% | -7.23% | 36.05% | -8.95% | 23.57% | -18.31% | 1.81% |
Correlation
The correlation between FXO and FDIQ is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2011 | 0.83 |
The correlation between FXO and FDIQ shifts across timeframes, from 0.70 (1 year) to 0.85 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
FXO vs. FDIQ — Risk / Return Rank
FXO
FDIQ
FXO vs. FDIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Financials AlphaDEX Fund (FXO) and Invesco Bloomberg Financial Data Providers ETF (FDIQ). 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.
| FXO | FDIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.97 | -0.19 |
| Martin ratioReturn relative to average drawdown | 5.33 | 5.49 | -0.16 |
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Drawdowns
FXO vs. FDIQ - Drawdown Comparison
The maximum FXO drawdown since its inception was -71.30%, which is greater than FDIQ's maximum drawdown of -52.86%. Use the drawdown chart below to compare losses from any high point for FXO and FDIQ.
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Drawdown Indicators
| FXO | FDIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.30% | -52.86% | -18.44% |
Max Drawdown (1Y)Largest decline over 1 year | -11.72% | -14.44% | +2.72% |
Max Drawdown (3Y)Largest decline over 3 years | -21.35% | -28.09% | +6.74% |
Max Drawdown (5Y)Largest decline over 5 years | -28.80% | -42.99% | +14.19% |
Max Drawdown (10Y)Largest decline over 10 years | -48.55% | -52.86% | +4.31% |
Current DrawdownCurrent decline from peak | 0.00% | -2.90% | +2.90% |
Average DrawdownAverage peak-to-trough decline | -13.01% | -11.50% | -1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 5.17% | -1.26% |
Volatility
FXO vs. FDIQ - Volatility Comparison
The current volatility for First Trust Financials AlphaDEX Fund (FXO) is 4.15%, while Invesco Bloomberg Financial Data Providers ETF (FDIQ) has a volatility of 6.45%. This indicates that FXO experiences smaller price fluctuations and is considered to be less risky than FDIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXO | FDIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 6.45% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 11.07% | 14.34% | -3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.51% | 22.29% | -6.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.72% | 28.43% | -6.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.06% | 31.01% | -6.95% |
FXO vs. FDIQ - Expense Ratio Comparison
FXO has a 0.62% expense ratio, which is higher than FDIQ's 0.35% expense ratio.
Dividends
FXO vs. FDIQ - Dividend Comparison
FXO's dividend yield for the trailing twelve months is around 1.95%, less than FDIQ's 2.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIQ Invesco Bloomberg Financial Data Providers ETF | 2.13% | 2.66% | 2.69% | 2.89% | 2.51% | 2.04% | 2.92% | 2.44% | 2.45% | 1.59% | 1.50% | 1.92% |
FXO First Trust Financials AlphaDEX Fund | 1.95% | 1.78% | 1.97% | 2.98% | 2.49% | 1.91% | 2.60% | 1.72% | 2.60% | 1.62% | 1.35% | 1.51% |
Frequently Asked Questions
FXO and FDIQ have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDIQ has higher volatility (6.45%) compared to FXO (4.15%). In terms of maximum drawdown, FXO dropped -71.30% vs FDIQ's -52.86%.
On 10-year performance, FXO leads with 13.29% vs 8.11% for FDIQ. On fees, FDIQ is cheaper at 0.35% per year. On volatility, FXO has been the lower-risk option at 4.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FXO has performed better with a 13.29% return vs 8.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDIQ is cheaper with a 0.35% expense ratio, compared with 0.62% for FXO.
FDIQ has the higher dividend yield at 2.13%, compared with 1.95% for FXO.
FXO tracks StrataQuant Financials Index, while FDIQ tracks Bloomberg Financial Data Providers Index. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.62% for FXO and 0.35% for FDIQ.
FXO currently has the higher Sharpe Ratio (1.35 vs 1.28), 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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