FXO vs. VFH
Compare and contrast key facts about First Trust Financials AlphaDEX Fund (FXO) and Vanguard Financials ETF (VFH).
FXO and VFH 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. VFH is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Financials 25/50 Index. It was launched on Jan 26, 2004. Both FXO and VFH 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 VFH.
Performance
FXO vs. VFH - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with FXO having a 32.81% return and VFH slightly higher at 34.33%. Both investments have delivered pretty close results over the past 10 years, with FXO having a 11.89% annualized return and VFH not far ahead at 12.03%.
FXO
32.81%
4.75%
21.42%
47.85%
14.60%
11.89%
VFH
34.33%
5.74%
19.85%
48.18%
13.11%
12.03%
Key characteristics
| FXO | VFH | |
|---|---|---|
| Sharpe Ratio | 2.84 | 3.29 |
| Sortino Ratio | 4.02 | 4.64 |
| Omega Ratio | 1.50 | 1.60 |
| Calmar Ratio | 3.17 | 3.48 |
| Martin Ratio | 19.02 | 23.50 |
| Ulcer Index | 2.60% | 2.05% |
| Daily Std Dev | 17.41% | 14.67% |
| Max Drawdown | -71.30% | -78.61% |
| Current Drawdown | -0.53% | -0.40% |
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FXO vs. VFH - Expense Ratio Comparison
FXO has a 0.62% expense ratio, which is higher than VFH's 0.10% expense ratio.
Correlation
The correlation between FXO and VFH is 0.90, 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. VFH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Financials AlphaDEX Fund (FXO) and Vanguard Financials ETF (VFH). 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. VFH - Dividend Comparison
FXO's dividend yield for the trailing twelve months is around 1.93%, more than VFH's 1.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXO First Trust Financials AlphaDEX Fund | 1.93% | 2.98% | 2.49% | 1.91% | 2.60% | 1.72% | 2.60% | 1.62% | 1.35% | 1.51% | 1.53% | 1.21% |
VFH Vanguard Financials ETF | 1.60% | 2.08% | 2.31% | 1.87% | 2.21% | 2.17% | 2.30% | 1.53% | 1.63% | 2.00% | 1.85% | 1.82% |
Drawdowns
FXO vs. VFH - Drawdown Comparison
The maximum FXO drawdown since its inception was -71.30%, smaller than the maximum VFH drawdown of -78.61%. Use the drawdown chart below to compare losses from any high point for FXO and VFH. For additional features, visit the drawdowns tool.
Volatility
FXO vs. VFH - Volatility Comparison
First Trust Financials AlphaDEX Fund (FXO) has a higher volatility of 8.75% compared to Vanguard Financials ETF (VFH) at 7.79%. This indicates that FXO's price experiences larger fluctuations and is considered to be riskier than VFH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.