FXZ vs. SLX
Compare and contrast key facts about First Trust Materials AlphaDEX Fund (FXZ) and VanEck Vectors Steel ETF (SLX).
FXZ and SLX 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. SLX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Steel Index. It was launched on Oct 16, 2006. Both FXZ and SLX 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: FXZ or SLX.
Key characteristics
| FXZ | SLX | |
|---|---|---|
| YTD Return | -2.05% | -0.08% |
| 1Y Return | 12.95% | 16.91% |
| 3Y Return (Ann) | 4.07% | 14.60% |
| 5Y Return (Ann) | 12.90% | 19.68% |
| 10Y Return (Ann) | 9.28% | 10.07% |
| Sharpe Ratio | 0.68 | 0.76 |
| Sortino Ratio | 1.06 | 1.22 |
| Omega Ratio | 1.13 | 1.15 |
| Calmar Ratio | 0.73 | 0.91 |
| Martin Ratio | 1.88 | 2.01 |
| Ulcer Index | 6.79% | 8.04% |
| Daily Std Dev | 18.88% | 21.17% |
| Max Drawdown | -65.46% | -82.15% |
| Current Drawdown | -6.50% | -1.55% |
Correlation
The correlation between FXZ and SLX is 0.82, 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
FXZ vs. SLX - Performance Comparison
In the year-to-date period, FXZ achieves a -2.05% return, which is significantly lower than SLX's -0.08% return. Over the past 10 years, FXZ has underperformed SLX with an annualized return of 9.28%, while SLX has yielded a comparatively higher 10.07% 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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FXZ vs. SLX - Expense Ratio Comparison
FXZ has a 0.67% expense ratio, which is higher than SLX's 0.56% expense ratio.
Risk-Adjusted Performance
FXZ vs. SLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Materials AlphaDEX Fund (FXZ) and VanEck Vectors Steel ETF (SLX). 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
FXZ vs. SLX - Dividend Comparison
FXZ's dividend yield for the trailing twelve months is around 1.49%, less than SLX's 2.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXZ First Trust Materials AlphaDEX Fund | 1.49% | 1.97% | 1.56% | 1.11% | 1.51% | 1.58% | 1.38% | 1.01% | 1.19% | 1.26% | 1.73% | 0.90% |
SLX VanEck Vectors Steel ETF | 2.80% | 2.80% | 4.97% | 7.07% | 1.87% | 2.77% | 6.26% | 2.44% | 1.06% | 5.35% | 3.27% | 1.98% |
Drawdowns
FXZ vs. SLX - Drawdown Comparison
The maximum FXZ drawdown since its inception was -65.46%, smaller than the maximum SLX drawdown of -82.15%. Use the drawdown chart below to compare losses from any high point for FXZ and SLX. For additional features, visit the drawdowns tool.
Volatility
FXZ vs. SLX - Volatility Comparison
The current volatility for First Trust Materials AlphaDEX Fund (FXZ) is 5.49%, while VanEck Vectors Steel ETF (SLX) has a volatility of 8.75%. This indicates that FXZ experiences smaller price fluctuations and is considered to be less risky than SLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.