FXZ vs. ROBT

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust Materials AlphaDEX Fund (FXZ) and First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT).

FXZ and ROBT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ROBT is a passively managed fund by First Trust that tracks the performance of the Nasdaq CTA Artificial Intelligence and Robotics Index. It was launched on Feb 21, 2018. Both FXZ and ROBT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FXZ vs. ROBT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Materials AlphaDEX Fund (FXZ) and First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT). The values are adjusted to include any dividend payments, if applicable.

FXZ vs. ROBT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FXZ First Trust Materials AlphaDEX Fund	17.95%	16.25%	-16.31%	16.27%	-0.92%	30.84%	22.52%	21.52%	-22.32%
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF	-11.00%	15.16%	-0.41%	27.77%	-34.94%	9.91%	46.18%	34.28%	-13.98%

Returns By Period

In the year-to-date period, FXZ achieves a 17.95% return, which is significantly higher than ROBT's -11.00% return.

FXZ

• 1D: 3.07%
• 1M: -3.11%
• YTD: 17.95%
• 6M: 24.85%
• 1Y: 39.96%
• 3Y*: 7.22%
• 5Y*: 8.21%
• 10Y*: 11.09%

ROBT

• 1D: 4.15%
• 1M: -9.19%
• YTD: -11.00%
• 6M: -12.72%
• 1Y: 13.50%
• 3Y*: 2.99%
• 5Y*: -2.47%
• 10Y*: —

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

FXZ vs. ROBT - Expense Ratio Comparison

FXZ has a 0.67% expense ratio, which is higher than ROBT's 0.65% expense ratio.

FXZ

First Trust Materials AlphaDEX Fund

ROBT

First Trust Nasdaq Artificial Intelligence & Robotics ETF

Return for Risk

FXZ vs. ROBT — Risk / Return Rank

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

FXZ

FXZ Risk / Return Rank: 82
FXZ Sharpe Ratio Rank: 81
FXZ Sortino Ratio Rank: 82
FXZ Omega Ratio Rank: 77
FXZ Calmar Ratio Rank: 84
FXZ Martin Ratio Rank: 84

ROBT

ROBT Risk / Return Rank: 28
ROBT Sharpe Ratio Rank: 29
ROBT Sortino Ratio Rank: 32
ROBT Omega Ratio Rank: 29
ROBT Calmar Ratio Rank: 26
ROBT Martin Ratio Rank: 26

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.

FXZ vs. ROBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Materials AlphaDEX Fund (FXZ) and First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT). 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.

	FXZ	ROBT	Difference
Sharpe ratio Return per unit of total volatility	1.52	0.49	+1.03
Sortino ratio Return per unit of downside risk	2.12	0.89	+1.23
Omega ratio Gain probability vs. loss probability	1.29	1.11	+0.18
Calmar ratio Return relative to maximum drawdown	2.45	0.55	+1.90
Martin ratio Return relative to average drawdown	9.45	1.78	+7.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FXZ vs. ROBT - Sharpe Ratio Comparison

The current FXZ Sharpe Ratio is 1.52, which is higher than the ROBT Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of FXZ and ROBT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FXZ	ROBT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	0.49	+1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	-0.10	+0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.23	+0.11

Correlation

The correlation between FXZ and ROBT is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FXZ vs. ROBT - Dividend Comparison

FXZ's dividend yield for the trailing twelve months is around 1.52%, while ROBT has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXZ First Trust Materials AlphaDEX Fund	1.52%	1.74%	1.81%	1.97%	1.56%	1.11%	1.51%	1.58%	1.38%	1.01%	1.19%	1.26%
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF	0.00%	0.00%	0.68%	0.23%	0.35%	0.06%	0.17%	0.42%	0.44%	0.00%	0.00%	0.00%

Drawdowns

FXZ vs. ROBT - Drawdown Comparison

The maximum FXZ drawdown since its inception was -65.46%, which is greater than ROBT's maximum drawdown of -44.47%. Use the drawdown chart below to compare losses from any high point for FXZ and ROBT.

Drawdown Indicators

	FXZ	ROBT	Difference
Max Drawdown Largest peak-to-trough decline	-65.46%	-44.47%	-20.99%
Max Drawdown (1Y) Largest decline over 1 year	-16.38%	-21.66%	+5.28%
Max Drawdown (5Y) Largest decline over 5 years	-33.99%	-43.26%	+9.27%
Max Drawdown (10Y) Largest decline over 10 years	-49.41%	—	—
Current Drawdown Current decline from peak	-4.10%	-21.09%	+16.99%
Average Drawdown Average peak-to-trough decline	-11.45%	-16.09%	+4.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.25%	6.73%	-2.48%

Volatility

FXZ vs. ROBT - Volatility Comparison

First Trust Materials AlphaDEX Fund (FXZ) and First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT) have volatilities of 8.64% and 8.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FXZ	ROBT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.64%	8.78%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	17.29%	18.22%	-0.93%
Volatility (1Y) Calculated over the trailing 1-year period	26.42%	27.73%	-1.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.10%	25.00%	-0.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.79%	25.50%	-0.71%