FYT vs. FTXL

Last updated Jun 4, 2026

FYT (First Trust Small Cap Value AlphaDEX Fund) and FTXL (First Trust Nasdaq Semiconductor ETF) are both exchange-traded funds - FYT is a Small Cap Value Equities fund tracking the NASDAQ AlphaDEX Small Cap Value Index, while FTXL is a Semiconductors fund tracking the Nasdaq U.S. Smart Semiconductor Index. Both are passively managed. Over the past 5 years, FYT returned 5.74%/yr vs 34.63%/yr for FTXL. A 0.53 correlation means they provide meaningful diversification when combined. FYT charges 0.72%/yr vs 0.60%/yr for FTXL.

Performance

FYT vs. FTXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Small Cap Value AlphaDEX Fund (FYT) and First Trust Nasdaq Semiconductor ETF (FTXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FYT achieves a 15.42% return, which is significantly lower than FTXL's 115.70% return.

FYT

• 1D: -1.70%
• 1M: -1.10%
• YTD: 15.42%
• 6M: 14.14%
• 1Y: 34.20%
• 3Y*: 15.03%
• 5Y*: 5.74%
• 10Y*: 9.99%

FTXL

• 1D: 2.21%
• 1M: 30.59%
• YTD: 115.70%
• 6M: 113.17%
• 1Y: 225.15%
• 3Y*: 61.52%
• 5Y*: 34.63%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FYT vs. FTXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FYT First Trust Small Cap Value AlphaDEX Fund	15.42%	4.00%	3.24%	22.90%	-14.05%	29.33%	9.82%	25.80%	-14.73%	7.14%
FTXL First Trust Nasdaq Semiconductor ETF	115.70%	48.94%	7.59%	54.41%	-33.88%	36.04%	46.08%	61.77%	-14.47%	32.19%

Correlation

The correlation between FYT and FTXL is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (All Time) Calculated using the full available price history since Sep 22, 2016	0.53

The correlation between FYT and FTXL shifts across timeframes, from 0.41 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.

FYT vs. FTXL - Sectors Allocation Comparison

Sectors	FYT	FTXL
Financial Services	25.5%	-
Consumer Cyclical	13.3%	-
Industrials	12.9%	0.5%
Real Estate	9.1%	-
Technology	8.4%	99.5%
Consumer Defensive	7.2%	-
Energy	7.2%	-
Healthcare	6.1%	-
Basic Materials	4.6%	-
Communication Services	2.7%	-
Utilities	2.7%	-

Return for Risk

FYT vs. FTXL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FYT

FYT Risk / Return Rank: 61
FYT Sharpe Ratio Rank: 53
FYT Sortino Ratio Rank: 58
FYT Omega Ratio Rank: 52
FYT Calmar Ratio Rank: 80
FYT Martin Ratio Rank: 64

FTXL

FTXL Risk / Return Rank: 97
FTXL Sharpe Ratio Rank: 98
FTXL Sortino Ratio Rank: 96
FTXL Omega Ratio Rank: 96
FTXL Calmar Ratio Rank: 98
FTXL Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FYT vs. FTXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Small Cap Value AlphaDEX Fund (FYT) and First Trust Nasdaq Semiconductor ETF (FTXL). 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.

	FYT	FTXL	Difference
Sharpe ratio: Return per unit of total volatility	1.83	6.33	-4.50
Sortino ratio: Return per unit of downside risk	2.73	5.74	-3.02
Omega ratio: Gain probability vs. loss probability	1.32	1.78	-0.46
Calmar ratio: Return relative to maximum drawdown	4.12	15.62	-11.50
Martin ratio: Return relative to average drawdown	11.64	58.28	-46.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FYT vs. FTXL - Sharpe Ratio Comparison

The current FYT Sharpe Ratio is 1.83, which is lower than the FTXL Sharpe Ratio of 6.33. The chart below compares the historical Sharpe Ratios of FYT and FTXL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FYT	FTXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	6.33	-4.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.97	-0.71
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.94	-0.55

Drawdowns

FYT vs. FTXL - Drawdown Comparison

The maximum FYT drawdown since its inception was -50.48%, which is greater than FTXL's maximum drawdown of -43.87%. Use the drawdown chart below to compare losses from any high point for FYT and FTXL.

Drawdown Indicators

	FYT	FTXL	Difference
Max Drawdown Largest peak-to-trough decline	-50.48%	-43.87%	-6.61%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-14.51%	+6.17%
Max Drawdown (3Y) Largest decline over 3 years	-28.90%	-41.57%	+12.67%
Max Drawdown (5Y) Largest decline over 5 years	-28.90%	-43.87%	+14.97%
Max Drawdown (10Y) Largest decline over 10 years	-50.48%	—	—
Current Drawdown Current decline from peak	-2.65%	0.00%	-2.65%
Average Drawdown Average peak-to-trough decline	-8.54%	-10.56%	+2.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	3.88%	-0.93%

Volatility

FYT vs. FTXL - Volatility Comparison

The current volatility for First Trust Small Cap Value AlphaDEX Fund (FYT) is 4.66%, while First Trust Nasdaq Semiconductor ETF (FTXL) has a volatility of 14.28%. This indicates that FYT experiences smaller price fluctuations and is considered to be less risky than FTXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FYT	FTXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.66%	14.28%	-9.62%
Volatility (6M) Calculated over the trailing 6-month period	11.62%	28.98%	-17.36%
Volatility (1Y) Calculated over the trailing 1-year period	18.90%	35.94%	-17.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.56%	36.02%	-13.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.96%	34.25%	-8.29%

FYT vs. FTXL - Expense Ratio Comparison

FYT has a 0.72% expense ratio, which is higher than FTXL's 0.60% expense ratio.

Dividends

FYT vs. FTXL - Dividend Comparison

FYT's dividend yield for the trailing twelve months is around 1.12%, more than FTXL's 0.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTXL First Trust Nasdaq Semiconductor ETF	0.12%	0.28%	0.54%	0.60%	0.89%	0.25%	0.48%	0.92%	0.71%	0.47%	0.12%	0.00%
FYT First Trust Small Cap Value AlphaDEX Fund	1.12%	0.94%	2.07%	1.50%	1.36%	1.19%	0.96%	1.44%	1.78%	1.16%	1.16%	0.96%

Frequently Asked Questions

Can I hold both FYT and FTXL in my portfolio?

FYT and FTXL have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FYT or FTXL?

FTXL has higher volatility (14.28%) compared to FYT (4.66%). In terms of maximum drawdown, FYT dropped -50.48% vs FTXL's -43.87%.

Which ETF is better, FYT or FTXL?

On 5-year performance, FTXL leads with 34.63% vs 5.74% for FYT. On fees, FTXL is cheaper at 0.60% per year. On volatility, FYT has been the lower-risk option at 4.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FYT or FTXL?

Over the 5-year period, FTXL has performed better with a 34.63% return vs 5.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FYT or FTXL?

FTXL is cheaper with a 0.60% expense ratio, compared with 0.72% for FYT.

Which ETF pays a higher dividend yield, FYT or FTXL?

FYT has the higher dividend yield at 1.12%, compared with 0.12% for FTXL.

What is the main difference between FYT and FTXL?

FYT is categorized as Small Cap Value Equities, while FTXL is Semiconductors. FYT tracks NASDAQ AlphaDEX Small Cap Value Index, while FTXL tracks Nasdaq U.S. Smart Semiconductor Index. Their fees differ too: 0.72% for FYT and 0.60% for FTXL.

Which has better risk-adjusted returns?

FTXL currently has the higher Sharpe Ratio (6.33 vs 1.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.