FXR vs. XLII

Last updated Jun 3, 2026

FXR (First Trust Industrials/Producer Durables AlphaDEX Fund) and XLII (State Street Industrial Select Sector SPDR Premium Income ETF) are both exchange-traded funds - FXR is a Industrials Equities fund tracking the StrataQuant Industrials Index, while XLII is a Derivative Income fund actively managed by State Street. FXR is passively managed, while XLII is actively managed. Their correlation of 0.87 suggests significant overlap in exposure. FXR charges 0.64%/yr vs 0.35%/yr for XLII.

Performance

FXR vs. XLII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Industrials/Producer Durables AlphaDEX Fund (FXR) and State Street Industrial Select Sector SPDR Premium Income ETF (XLII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FXR achieves a 9.00% return, which is significantly higher than XLII's 6.89% return.

FXR

• 1D: 0.39%
• 1M: -0.21%
• YTD: 9.00%
• 6M: 12.12%
• 1Y: 23.27%
• 3Y*: 16.71%
• 5Y*: 8.61%
• 10Y*: 12.76%

XLII

• 1D: 0.86%
• 1M: 1.58%
• YTD: 6.89%
• 6M: 9.52%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FXR vs. XLII - Yearly Performance Comparison

	2026 (YTD)	2025
FXR First Trust Industrials/Producer Durables AlphaDEX Fund	9.00%	3.20%
XLII State Street Industrial Select Sector SPDR Premium Income ETF	6.89%	6.62%

Correlation

The correlation between FXR and XLII is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 31, 2025	0.87

FXR vs. XLII - Sectors Allocation Comparison

Sectors	FXR	XLII
Industrials	70.5%	-
Technology	10.3%	-
Consumer Cyclical	7.5%	-
Basic Materials	6.2%	-
Financial Services	3.4%	100.3%
Healthcare	0.7%	-
Utilities	0.7%	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	-

Return for Risk

FXR vs. XLII — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FXR

FXR Risk / Return Rank: 34
FXR Sharpe Ratio Rank: 34
FXR Sortino Ratio Rank: 36
FXR Omega Ratio Rank: 32
FXR Calmar Ratio Rank: 33
FXR Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FXR vs. XLII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Industrials/Producer Durables AlphaDEX Fund (FXR) and State Street Industrial Select Sector SPDR Premium Income ETF (XLII). 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.

	FXR	XLII	Difference
Sharpe ratio Return per unit of total volatility	1.23	—	—
Sortino ratio Return per unit of downside risk	1.90	—	—
Omega ratio Gain probability vs. loss probability	1.22	—	—
Calmar ratio Return relative to maximum drawdown	1.65	—	—
Martin ratio Return relative to average drawdown	5.28	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FXR	XLII	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	1.46	-1.09

Drawdowns

FXR vs. XLII - Drawdown Comparison

The maximum FXR drawdown since its inception was -63.81%, which is greater than XLII's maximum drawdown of -10.10%. Use the drawdown chart below to compare losses from any high point for FXR and XLII.

Drawdown Indicators

	FXR	XLII	Difference
Max Drawdown Largest peak-to-trough decline	-63.81%	-10.10%	-53.71%
Max Drawdown (1Y) Largest decline over 1 year	-13.66%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.65%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.85%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.71%	—	—
Current Drawdown Current decline from peak	-4.86%	-0.21%	-4.65%
Average Drawdown Average peak-to-trough decline	-10.36%	-1.35%	-9.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.26%	—	—

Volatility

Volatility by Period

	FXR	XLII	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.83%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.98%	11.57%	+7.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.57%	11.57%	+9.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.92%	11.57%	+10.35%

FXR vs. XLII - Expense Ratio Comparison

FXR has a 0.64% expense ratio, which is higher than XLII's 0.35% expense ratio.

Dividends

FXR vs. XLII - Dividend Comparison

FXR's dividend yield for the trailing twelve months is around 0.62%, less than XLII's 11.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXR First Trust Industrials/Producer Durables AlphaDEX Fund	0.62%	0.71%	0.72%	0.77%	0.92%	0.52%	1.06%	0.74%	1.18%	0.55%	0.52%	0.62%
XLII State Street Industrial Select Sector SPDR Premium Income ETF	11.27%	5.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FXR and XLII in my portfolio?

FXR and XLII have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FXR or XLII?

On fees, XLII is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FXR or XLII?

XLII is cheaper with a 0.35% expense ratio, compared with 0.64% for FXR.

Which ETF pays a higher dividend yield, FXR or XLII?

XLII has the higher dividend yield at 11.27%, compared with 0.62% for FXR.

What is the main difference between FXR and XLII?

FXR is categorized as Industrials Equities, while XLII is Derivative Income. They also come from different issuers: First Trust and State Street. Their fees differ too: 0.64% for FXR and 0.35% for XLII.