FYC vs. VBK
Compare and contrast key facts about First Trust Small Cap Growth AlphaDEX Fund (FYC) and Vanguard Small-Cap Growth ETF (VBK).
FYC and VBK 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. VBK is a passively managed fund by Vanguard that tracks the performance of the MSCI US Small Cap Growth Index. It was launched on Jan 26, 2004. Both FYC and VBK 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 VBK.
Key characteristics
| FYC | VBK | |
|---|---|---|
| YTD Return | 0.49% | 1.62% |
| 1Y Return | 13.44% | 16.63% |
| 3Y Return (Ann) | -3.75% | -5.04% |
| 5Y Return (Ann) | 6.52% | 6.28% |
| 10Y Return (Ann) | 8.68% | 8.35% |
| Sharpe Ratio | 0.74 | 0.97 |
| Daily Std Dev | 19.31% | 18.49% |
| Max Drawdown | -47.85% | -58.69% |
| Current Drawdown | -20.46% | -18.51% |
Correlation
The correlation between FYC and VBK is 0.91, 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
FYC vs. VBK - Performance Comparison
In the year-to-date period, FYC achieves a 0.49% return, which is significantly lower than VBK's 1.62% return. Both investments have delivered pretty close results over the past 10 years, with FYC having a 8.68% annualized return and VBK not far behind at 8.35%. 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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FYC vs. VBK - Expense Ratio Comparison
FYC has a 0.71% expense ratio, which is higher than VBK's 0.07% expense ratio.
Risk-Adjusted Performance
FYC vs. VBK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Small Cap Growth AlphaDEX Fund (FYC) and Vanguard Small-Cap Growth ETF (VBK). 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. VBK - Dividend Comparison
FYC's dividend yield for the trailing twelve months is around 0.48%, less than VBK's 0.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FYC First Trust Small Cap Growth AlphaDEX Fund | 0.48% | 0.58% | 0.00% | 0.63% | 0.12% | 0.39% | 0.09% | 0.10% | 0.31% | 0.21% | 0.03% | 0.02% |
VBK Vanguard Small-Cap Growth ETF | 0.70% | 0.68% | 0.55% | 0.36% | 0.44% | 0.57% | 0.79% | 0.82% | 1.08% | 0.98% | 1.01% | 0.65% |
Drawdowns
FYC vs. VBK - Drawdown Comparison
The maximum FYC drawdown since its inception was -47.85%, smaller than the maximum VBK drawdown of -58.69%. Use the drawdown chart below to compare losses from any high point for FYC and VBK. For additional features, visit the drawdowns tool.
Volatility
FYC vs. VBK - Volatility Comparison
First Trust Small Cap Growth AlphaDEX Fund (FYC) has a higher volatility of 5.82% compared to Vanguard Small-Cap Growth ETF (VBK) at 4.90%. This indicates that FYC's price experiences larger fluctuations and is considered to be riskier than VBK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.