FYC vs. SMLV
Compare and contrast key facts about First Trust Small Cap Growth AlphaDEX Fund (FYC) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV).
FYC and SMLV 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. SMLV is a passively managed fund by State Street that tracks the performance of the SSGA US Small Cap Low Volatility Index. It was launched on Feb 20, 2013. Both FYC and SMLV 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 SMLV.
Performance
FYC vs. SMLV - Performance Comparison
Returns By Period
In the year-to-date period, FYC achieves a 30.93% return, which is significantly higher than SMLV's 24.23% return. Over the past 10 years, FYC has outperformed SMLV with an annualized return of 11.15%, while SMLV has yielded a comparatively lower 9.60% annualized return.
FYC
30.93%
9.43%
25.05%
44.56%
13.20%
11.15%
SMLV
24.23%
9.44%
27.14%
38.99%
9.92%
9.60%
Key characteristics
| FYC | SMLV | |
|---|---|---|
| Sharpe Ratio | 2.22 | 1.88 |
| Sortino Ratio | 3.06 | 2.91 |
| Omega Ratio | 1.37 | 1.36 |
| Calmar Ratio | 1.62 | 3.18 |
| Martin Ratio | 15.12 | 9.71 |
| Ulcer Index | 3.04% | 4.07% |
| Daily Std Dev | 20.69% | 21.03% |
| Max Drawdown | -47.85% | -42.45% |
| Current Drawdown | -1.69% | -1.91% |
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FYC vs. SMLV - Expense Ratio Comparison
FYC has a 0.71% expense ratio, which is higher than SMLV's 0.12% expense ratio.
Correlation
The correlation between FYC and SMLV is 0.80, 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. SMLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Small Cap Growth AlphaDEX Fund (FYC) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV). 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. SMLV - Dividend Comparison
FYC's dividend yield for the trailing twelve months is around 0.70%, less than SMLV's 2.35% 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% |
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF | 2.35% | 2.68% | 2.40% | 2.12% | 2.47% | 2.62% | 3.15% | 7.92% | 3.04% | 2.63% | 2.76% | 3.68% |
Drawdowns
FYC vs. SMLV - Drawdown Comparison
The maximum FYC drawdown since its inception was -47.85%, which is greater than SMLV's maximum drawdown of -42.45%. Use the drawdown chart below to compare losses from any high point for FYC and SMLV. For additional features, visit the drawdowns tool.
Volatility
FYC vs. SMLV - Volatility Comparison
The current volatility for First Trust Small Cap Growth AlphaDEX Fund (FYC) is 7.72%, while SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) has a volatility of 10.54%. This indicates that FYC experiences smaller price fluctuations and is considered to be less risky than SMLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.