FXR vs. RGI
Compare and contrast key facts about First Trust Industrials/Producer Durables AlphaDEX Fund (FXR) and Invesco S&P 500® Equal Weight Industrials ETF (RGI).
FXR and RGI 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. RGI is a passively managed fund by Invesco that tracks the performance of the S&P Equal Weight Index Industrials. It was launched on Nov 1, 2006. Both FXR and RGI 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 RGI.
Key characteristics
| FXR | RGI | |
|---|---|---|
| YTD Return | 6.58% | 6.16% |
| 1Y Return | 27.78% | 24.38% |
| 3Y Return (Ann) | 5.83% | 7.99% |
| 5Y Return (Ann) | 11.46% | 13.87% |
| 10Y Return (Ann) | 9.79% | 12.01% |
| Sharpe Ratio | 1.77 | 1.78 |
| Daily Std Dev | 15.59% | 13.72% |
| Max Drawdown | -63.81% | -100.00% |
| Current Drawdown | -5.35% | -99.99% |
Correlation
The correlation between FXR and RGI is 0.85, 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. RGI - Performance Comparison
In the year-to-date period, FXR achieves a 6.58% return, which is significantly higher than RGI's 6.16% return. Over the past 10 years, FXR has underperformed RGI with an annualized return of 9.79%, while RGI has yielded a comparatively higher 12.01% 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. RGI - Expense Ratio Comparison
FXR has a 0.64% expense ratio, which is higher than RGI's 0.40% expense ratio.
Risk-Adjusted Performance
FXR vs. RGI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Industrials/Producer Durables AlphaDEX Fund (FXR) and Invesco S&P 500® Equal Weight Industrials ETF (RGI). 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. RGI - Dividend Comparison
FXR's dividend yield for the trailing twelve months is around 0.69%, less than RGI's 1.00% 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% |
RGI Invesco S&P 500® Equal Weight Industrials ETF | 1.00% | 1.06% | 1.09% | 0.70% | 0.96% | 1.33% | 1.49% | 1.12% | 1.31% | 1.51% | 1.28% | 0.90% |
Drawdowns
FXR vs. RGI - Drawdown Comparison
The maximum FXR drawdown since its inception was -63.81%, smaller than the maximum RGI drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for FXR and RGI. For additional features, visit the drawdowns tool.
Volatility
FXR vs. RGI - Volatility Comparison
First Trust Industrials/Producer Durables AlphaDEX Fund (FXR) has a higher volatility of 4.13% compared to Invesco S&P 500® Equal Weight Industrials ETF (RGI) at 3.40%. This indicates that FXR's price experiences larger fluctuations and is considered to be riskier than RGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.