FYX vs. IWY
Compare and contrast key facts about First Trust Small Cap Core AlphaDEX Fund (FYX) and iShares Russell Top 200 Growth ETF (IWY).
FYX and IWY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FYX is a passively managed fund by First Trust that tracks the performance of the Nasdaq AlphaDEX Small Cap Core Index. It was launched on May 8, 2007. IWY is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Growth Index. It was launched on Sep 22, 2009. Both FYX and IWY 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: FYX or IWY.
Correlation
The correlation between FYX and IWY is 0.82, 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
FYX vs. IWY - Performance Comparison
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Key characteristics
FYX:
-0.04
IWY:
0.47
FYX:
0.18
IWY:
0.82
FYX:
1.02
IWY:
1.12
FYX:
0.01
IWY:
0.52
FYX:
0.02
IWY:
1.67
FYX:
9.77%
IWY:
7.18%
FYX:
23.70%
IWY:
24.97%
FYX:
-61.80%
IWY:
-32.68%
FYX:
-17.59%
IWY:
-10.79%
Returns By Period
In the year-to-date period, FYX achieves a -10.39% return, which is significantly lower than IWY's -7.30% return. Over the past 10 years, FYX has underperformed IWY with an annualized return of 7.27%, while IWY has yielded a comparatively higher 16.48% annualized return.
FYX
-10.39%
11.05%
-14.98%
-0.57%
14.69%
7.27%
IWY
-7.30%
8.55%
-6.03%
11.69%
17.93%
16.48%
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FYX vs. IWY - Expense Ratio Comparison
FYX has a 0.63% expense ratio, which is higher than IWY's 0.20% expense ratio.
Risk-Adjusted Performance
FYX vs. IWY — Risk-Adjusted Performance Rank
FYX
IWY
FYX vs. IWY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Small Cap Core AlphaDEX Fund (FYX) and iShares Russell Top 200 Growth ETF (IWY). 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.
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Dividends
FYX vs. IWY - Dividend Comparison
FYX's dividend yield for the trailing twelve months is around 1.67%, more than IWY's 0.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FYX First Trust Small Cap Core AlphaDEX Fund | 1.67% | 1.62% | 1.22% | 0.95% | 0.99% | 0.65% | 1.12% | 1.08% | 0.60% | 0.94% | 0.88% | 0.58% |
IWY iShares Russell Top 200 Growth ETF | 0.45% | 0.42% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% | 1.44% |
Drawdowns
FYX vs. IWY - Drawdown Comparison
The maximum FYX drawdown since its inception was -61.80%, which is greater than IWY's maximum drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for FYX and IWY. For additional features, visit the drawdowns tool.
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Volatility
FYX vs. IWY - Volatility Comparison
The current volatility for First Trust Small Cap Core AlphaDEX Fund (FYX) is 7.76%, while iShares Russell Top 200 Growth ETF (IWY) has a volatility of 8.29%. This indicates that FYX experiences smaller price fluctuations and is considered to be less risky than IWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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