FXR vs. FXZ
Compare and contrast key facts about First Trust Industrials/Producer Durables AlphaDEX Fund (FXR) and First Trust Materials AlphaDEX Fund (FXZ).
FXR and FXZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FXR is a passively managed fund by First Trust that tracks the performance of the StrataQuant Industrials Index. It was launched on May 8, 2007. FXZ is a passively managed fund by First Trust that tracks the performance of the StrataQuant Materials Index. It was launched on May 8, 2007. Both FXR and FXZ 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: FXR or FXZ.
Key characteristics
| FXR | FXZ | |
|---|---|---|
| YTD Return | 6.58% | -2.10% |
| 1Y Return | 27.78% | 11.67% |
| 3Y Return (Ann) | 5.83% | 6.37% |
| 5Y Return (Ann) | 11.46% | 13.59% |
| 10Y Return (Ann) | 9.79% | 9.00% |
| Sharpe Ratio | 1.77 | 0.54 |
| Daily Std Dev | 15.59% | 18.98% |
| Max Drawdown | -63.81% | -65.46% |
| Current Drawdown | -5.35% | -6.54% |
Correlation
The correlation between FXR and FXZ is 0.81, 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
FXR vs. FXZ - Performance Comparison
In the year-to-date period, FXR achieves a 6.58% return, which is significantly higher than FXZ's -2.10% return. Over the past 10 years, FXR has outperformed FXZ with an annualized return of 9.79%, while FXZ has yielded a comparatively lower 9.00% 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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FXR vs. FXZ - Expense Ratio Comparison
FXR has a 0.64% expense ratio, which is lower than FXZ's 0.67% expense ratio.
Risk-Adjusted Performance
FXR vs. FXZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Industrials/Producer Durables AlphaDEX Fund (FXR) and First Trust Materials AlphaDEX Fund (FXZ). 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
FXR vs. FXZ - Dividend Comparison
FXR's dividend yield for the trailing twelve months is around 0.69%, less than FXZ's 1.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXR First Trust Industrials/Producer Durables AlphaDEX Fund | 0.69% | 0.77% | 0.92% | 0.52% | 1.06% | 0.74% | 1.18% | 0.55% | 0.52% | 0.62% | 1.10% | 0.41% |
FXZ First Trust Materials AlphaDEX Fund | 1.94% | 1.97% | 1.56% | 1.11% | 1.51% | 1.58% | 1.38% | 1.01% | 1.19% | 1.26% | 1.73% | 0.90% |
Drawdowns
FXR vs. FXZ - Drawdown Comparison
The maximum FXR drawdown since its inception was -63.81%, roughly equal to the maximum FXZ drawdown of -65.46%. Use the drawdown chart below to compare losses from any high point for FXR and FXZ. For additional features, visit the drawdowns tool.
Volatility
FXR vs. FXZ - Volatility Comparison
The current volatility for First Trust Industrials/Producer Durables AlphaDEX Fund (FXR) is 4.13%, while First Trust Materials AlphaDEX Fund (FXZ) has a volatility of 4.47%. This indicates that FXR experiences smaller price fluctuations and is considered to be less risky than FXZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.