FXO vs. IAI
Compare and contrast key facts about First Trust Financials AlphaDEX Fund (FXO) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI).
FXO and IAI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FXO is a passively managed fund by First Trust that tracks the performance of the StrataQuant Financials Index. It was launched on May 8, 2007. IAI is a passively managed fund by iShares that tracks the performance of the DJ US Select / Investment Services. It was launched on May 1, 2006. Both FXO and IAI 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: FXO or IAI.
Performance
FXO vs. IAI - Performance Comparison
Returns By Period
In the year-to-date period, FXO achieves a 32.55% return, which is significantly lower than IAI's 38.27% return. Over the past 10 years, FXO has underperformed IAI with an annualized return of 11.92%, while IAI has yielded a comparatively higher 15.81% annualized return.
FXO
32.55%
5.33%
19.91%
49.20%
14.59%
11.92%
IAI
38.27%
7.78%
25.22%
58.23%
19.54%
15.81%
Key characteristics
| FXO | IAI | |
|---|---|---|
| Sharpe Ratio | 2.77 | 3.52 |
| Sortino Ratio | 3.93 | 4.91 |
| Omega Ratio | 1.48 | 1.65 |
| Calmar Ratio | 3.00 | 4.02 |
| Martin Ratio | 18.56 | 27.27 |
| Ulcer Index | 2.60% | 2.13% |
| Daily Std Dev | 17.42% | 16.47% |
| Max Drawdown | -71.30% | -75.33% |
| Current Drawdown | -0.72% | -1.20% |
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FXO vs. IAI - Expense Ratio Comparison
FXO has a 0.62% expense ratio, which is higher than IAI's 0.41% expense ratio.
Correlation
The correlation between FXO and IAI 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.
Risk-Adjusted Performance
FXO vs. IAI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Financials AlphaDEX Fund (FXO) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI). 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
FXO vs. IAI - Dividend Comparison
FXO's dividend yield for the trailing twelve months is around 1.94%, more than IAI's 1.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXO First Trust Financials AlphaDEX Fund | 1.94% | 2.98% | 2.49% | 1.91% | 2.60% | 1.72% | 2.60% | 1.62% | 1.35% | 1.51% | 1.53% | 1.21% |
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | 1.02% | 1.80% | 2.14% | 1.31% | 1.55% | 1.52% | 1.58% | 1.37% | 1.48% | 1.31% | 1.13% | 1.13% |
Drawdowns
FXO vs. IAI - Drawdown Comparison
The maximum FXO drawdown since its inception was -71.30%, smaller than the maximum IAI drawdown of -75.33%. Use the drawdown chart below to compare losses from any high point for FXO and IAI. For additional features, visit the drawdowns tool.
Volatility
FXO vs. IAI - Volatility Comparison
First Trust Financials AlphaDEX Fund (FXO) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) have volatilities of 8.77% and 8.94%, 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.