FYC vs. DWAS
Compare and contrast key facts about First Trust Small Cap Growth AlphaDEX Fund (FYC) and Invesco DWA SmallCap Momentum ETF (DWAS).
FYC and DWAS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FYC is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Small Cap Growth Index. It was launched on Apr 19, 2011. DWAS is a passively managed fund by Invesco that tracks the performance of the Dorsey Wright SmallCap Technical Leaders Index. It was launched on Jul 19, 2012. Both FYC and DWAS 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: FYC or DWAS.
Performance
FYC vs. DWAS - Performance Comparison
Returns By Period
In the year-to-date period, FYC achieves a 30.93% return, which is significantly higher than DWAS's 21.02% return. Both investments have delivered pretty close results over the past 10 years, with FYC having a 11.15% annualized return and DWAS not far behind at 10.68%.
FYC
30.93%
9.43%
25.05%
44.56%
13.20%
11.15%
DWAS
21.02%
8.33%
17.24%
35.86%
14.64%
10.68%
Key characteristics
| FYC | DWAS | |
|---|---|---|
| Sharpe Ratio | 2.22 | 1.53 |
| Sortino Ratio | 3.06 | 2.17 |
| Omega Ratio | 1.37 | 1.26 |
| Calmar Ratio | 1.62 | 1.52 |
| Martin Ratio | 15.12 | 8.14 |
| Ulcer Index | 3.04% | 4.53% |
| Daily Std Dev | 20.69% | 24.12% |
| Max Drawdown | -47.85% | -46.17% |
| Current Drawdown | -1.69% | -3.13% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FYC vs. DWAS - Expense Ratio Comparison
FYC has a 0.71% expense ratio, which is higher than DWAS's 0.60% expense ratio.
Correlation
The correlation between FYC and DWAS is 0.93, 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.
Risk-Adjusted Performance
FYC vs. DWAS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Small Cap Growth AlphaDEX Fund (FYC) and Invesco DWA SmallCap Momentum ETF (DWAS). 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
FYC vs. DWAS - Dividend Comparison
FYC's dividend yield for the trailing twelve months is around 0.70%, less than DWAS's 1.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FYC First Trust Small Cap Growth AlphaDEX Fund | 0.70% | 0.58% | 0.00% | 0.63% | 0.12% | 0.39% | 0.09% | 0.11% | 0.31% | 0.22% | 0.03% | 0.02% |
DWAS Invesco DWA SmallCap Momentum ETF | 1.47% | 1.42% | 0.81% | 0.16% | 0.21% | 0.13% | 0.04% | 0.20% | 0.52% | 0.19% | 0.05% | 0.16% |
Drawdowns
FYC vs. DWAS - Drawdown Comparison
The maximum FYC drawdown since its inception was -47.85%, roughly equal to the maximum DWAS drawdown of -46.17%. Use the drawdown chart below to compare losses from any high point for FYC and DWAS. For additional features, visit the drawdowns tool.
Volatility
FYC vs. DWAS - Volatility Comparison
The current volatility for First Trust Small Cap Growth AlphaDEX Fund (FYC) is 7.72%, while Invesco DWA SmallCap Momentum ETF (DWAS) has a volatility of 8.90%. This indicates that FYC experiences smaller price fluctuations and is considered to be less risky than DWAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.