FXR vs. XLII

Last updated Aug 2, 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. Over the past year, FXR returned 17.14% vs 20.71% for XLII. Their correlation of 0.87 means they have usually moved in the same direction. 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 10.82% return, which is significantly lower than XLII's 11.91% return.

FXR

• 1D: -0.02%
• 1M: -2.58%
• 6M: 3.73%
• YTD: 10.82%
• 1Y: 17.14%
• 3Y*: 13.31%
• 5Y*: 9.04%
• 10Y*: 12.94%
• ALL TIME*: 8.89%

XLII

• 1D: 0.96%
• 1M: -0.49%
• 6M: 8.98%
• YTD: 11.91%
• 1Y: 20.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.91%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FXR First Trust Industrials/Producer Durables AlphaDEX Fund	$2.80M	$2.32M	$2.87M
XLII State Street Industrial Select Sector SPDR Premium Income ETF	$449.50K	$324.22K	$213.70K

FXR vs. XLII - Yearly Performance Comparison

	2026 (YTD)	2025
FXR First Trust Industrials/Producer Durables AlphaDEX Fund	10.82%	2.22%
XLII State Street Industrial Select Sector SPDR Premium Income ETF	11.91%	6.30%

Correlation

The correlation between FXR and XLII is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.87
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.87

The correlation between FXR and XLII has been stable across timeframes, ranging from 0.87 to 0.87 - a consistent structural relationship.

FXR vs. XLII - Sectors Allocation Comparison

Sectors	FXR	XLII
Industrials	67.3%	93.8%
Technology	11.5%	5.9%
Basic Materials	8.3%	-
Consumer Cyclical	6.4%	0.3%
Financial Services	4.5%	100.8%
Healthcare	0.6%	-
Utilities	0.6%	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	-

Return for Risk

FXR vs. XLII — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FXR

FXR Risk / Return Rank: 32
FXR Sharpe Ratio Rank: 31
FXR Sortino Ratio Rank: 33
FXR Omega Ratio Rank: 30
FXR Calmar Ratio Rank: 33
FXR Martin Ratio Rank: 35

XLII

XLII Risk / Return Rank: 66
XLII Sharpe Ratio Rank: 69
XLII Sortino Ratio Rank: 68
XLII Omega Ratio Rank: 69
XLII Calmar Ratio Rank: 54
XLII Martin Ratio Rank: 70

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FXR	XLII	Difference
Sharpe ratio: Return per unit of total volatility	0.78	1.59	-0.81
Sortino ratio: Return per unit of downside risk	1.25	2.26	-1.01
Omega ratio: Gain probability vs. loss probability	1.14	1.29	-0.15
Calmar ratio: Return relative to maximum drawdown	1.11	1.93	-0.82
Martin ratio: Return relative to average drawdown	3.43	8.68	-5.24

FXR vs. XLII - Sharpe Ratio Comparison

The current FXR Sharpe Ratio is 0.78, which is lower than the XLII Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of FXR and XLII, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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%	-10.10%	-3.56%
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	-3.28%	-1.32%	-1.96%
Average Drawdown Average peak-to-trough decline	-10.29%	-1.28%	-9.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.41%	2.24%	+2.17%

Volatility

FXR vs. XLII - Volatility Comparison

First Trust Industrials/Producer Durables AlphaDEX Fund (FXR) has a higher volatility of 4.72% compared to State Street Industrial Select Sector SPDR Premium Income ETF (XLII) at 3.82%. This indicates that FXR's price experiences larger fluctuations and is considered to be riskier than XLII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FXR	XLII	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	3.82%	+0.90%
Volatility (6M) Calculated over the trailing 6-month period	15.03%	10.44%	+4.59%
Volatility (1Y) Calculated over the trailing 1-year period	19.55%	12.25%	+7.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.68%	12.23%	+8.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.87%	12.23%	+9.64%

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 0.66%, less than XLII's 12.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXR First Trust Industrials/Producer Durables AlphaDEX Fund	0.66%	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	12.08%	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 is riskier, FXR or XLII?

FXR has higher volatility (4.72%) compared to XLII (3.82%). In terms of maximum drawdown, FXR dropped -63.81% vs XLII's -10.10%.

Which ETF is better, FXR or XLII?

On 1-year performance, XLII leads with 20.71% vs 17.14% for FXR. On fees, XLII is cheaper at 0.35% per year. On volatility, XLII has been the lower-risk option at 3.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FXR or XLII?

Over the 1-year period, XLII has performed better with a 20.71% return vs 17.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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 12.08%, compared with 0.66% 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.

Which has better risk-adjusted returns?

XLII currently has the higher Sharpe Ratio (1.59 vs 0.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.