FXZ vs. UYM
Compare and contrast key facts about First Trust Materials AlphaDEX Fund (FXZ) and ProShares Ultra Basic Materials (UYM).
FXZ and UYM 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. UYM is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Basic Materials Index (200%). It was launched on Jan 30, 2007. Both FXZ and UYM 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 UYM.
Key characteristics
| FXZ | UYM | |
|---|---|---|
| YTD Return | -6.05% | 11.31% |
| 1Y Return | 8.37% | 36.72% |
| 3Y Return (Ann) | 2.07% | 0.26% |
| 5Y Return (Ann) | 12.16% | 13.65% |
| 10Y Return (Ann) | 8.81% | 8.42% |
| Sharpe Ratio | 0.42 | 1.34 |
| Sortino Ratio | 0.72 | 1.84 |
| Omega Ratio | 1.09 | 1.23 |
| Calmar Ratio | 0.48 | 1.09 |
| Martin Ratio | 1.17 | 5.74 |
| Ulcer Index | 6.86% | 6.33% |
| Daily Std Dev | 19.05% | 27.12% |
| Max Drawdown | -65.46% | -92.77% |
| Current Drawdown | -10.32% | -10.85% |
Correlation
The correlation between FXZ and UYM is 0.90, 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. UYM - Performance Comparison
In the year-to-date period, FXZ achieves a -6.05% return, which is significantly lower than UYM's 11.31% return. Both investments have delivered pretty close results over the past 10 years, with FXZ having a 8.81% annualized return and UYM not far behind at 8.42%. 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. UYM - Expense Ratio Comparison
FXZ has a 0.67% expense ratio, which is lower than UYM's 0.95% expense ratio.
Risk-Adjusted Performance
FXZ vs. UYM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Materials AlphaDEX Fund (FXZ) and ProShares Ultra Basic Materials (UYM). 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. UYM - Dividend Comparison
FXZ's dividend yield for the trailing twelve months is around 1.56%, more than UYM's 0.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXZ First Trust Materials AlphaDEX Fund | 1.56% | 1.97% | 1.56% | 1.11% | 1.51% | 1.58% | 1.38% | 1.01% | 1.19% | 1.26% | 1.73% | 0.90% |
UYM ProShares Ultra Basic Materials | 0.75% | 0.28% | 0.87% | 0.52% | 0.56% | 1.24% | 0.94% | 0.38% | 0.55% | 0.42% | 0.42% | 4.20% |
Drawdowns
FXZ vs. UYM - Drawdown Comparison
The maximum FXZ drawdown since its inception was -65.46%, smaller than the maximum UYM drawdown of -92.77%. Use the drawdown chart below to compare losses from any high point for FXZ and UYM. For additional features, visit the drawdowns tool.
Volatility
FXZ vs. UYM - Volatility Comparison
The current volatility for First Trust Materials AlphaDEX Fund (FXZ) is 5.94%, while ProShares Ultra Basic Materials (UYM) has a volatility of 7.49%. This indicates that FXZ experiences smaller price fluctuations and is considered to be less risky than UYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.