GVLE vs. FTA
GVLE (Goldman Sachs Value Opportunities ETF) and FTA (First Trust Large Cap Value AlphaDEX Fund) are both Large Cap Value Equities funds. GVLE is actively managed, while FTA is passively managed. Their 0.51 correlation means they have sometimes moved together and sometimes differently. GVLE charges 0.45%/yr vs 0.60%/yr for FTA.
Performance
GVLE vs. FTA - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with GVLE having a 18.84% return and FTA slightly lower at 18.18%.
GVLE
- 1D
- 2.16%
- 1M
- 2.61%
- 6M
- 16.20%
- YTD
- 18.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
FTA
- 1D
- -0.29%
- 1M
- 2.70%
- 6M
- 12.86%
- YTD
- 18.18%
- 1Y
- 31.73%
- 3Y*
- 15.29%
- 5Y*
- 11.21%
- 10Y*
- 11.60%
- ALL TIME*
- 8.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.06M | $3.30M | $2.95M | |
| $50.89K | $151.90K | $80.35K |
GVLE vs. FTA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GVLE Goldman Sachs Value Opportunities ETF | 18.84% | 4.29% |
FTA First Trust Large Cap Value AlphaDEX Fund | 18.18% | 3.60% |
Correlation
The correlation between GVLE and FTA is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.51 |
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Return for Risk
GVLE vs. FTA — Risk / Return Rank
GVLE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FTA
GVLE vs. FTA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Value Opportunities ETF (GVLE) and First Trust Large Cap Value AlphaDEX Fund (FTA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GVLE | FTA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.46 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.93 | — |
| Martin ratioReturn relative to average drawdown | — | 20.26 | — |
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Drawdowns
GVLE vs. FTA - Drawdown Comparison
The maximum GVLE drawdown since its inception was -7.88%, smaller than the maximum FTA drawdown of -62.45%. Use the drawdown chart below to compare losses from any high point for GVLE and FTA.
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Drawdown Indicators
| GVLE | FTA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.88% | -62.45% | +54.57% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.13% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.73% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.80% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.97% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.56% | +1.56% |
Average DrawdownAverage peak-to-trough decline | -1.16% | -8.97% | +7.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.50% | — |
Volatility
GVLE vs. FTA - Volatility Comparison
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Volatility by Period
| GVLE | FTA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.04% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.05% | 11.61% | +2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 16.23% | -2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.05% | 19.85% | -5.80% |
GVLE vs. FTA - Expense Ratio Comparison
GVLE has a 0.45% expense ratio, which is lower than FTA's 0.60% expense ratio.
Dividends
GVLE vs. FTA - Dividend Comparison
GVLE's dividend yield for the trailing twelve months is around 0.98%, less than FTA's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTA First Trust Large Cap Value AlphaDEX Fund | 1.61% | 1.89% | 2.02% | 2.10% | 2.15% | 1.54% | 2.03% | 1.88% | 2.28% | 1.53% | 1.56% | 2.05% |
GVLE Goldman Sachs Value Opportunities ETF | 0.98% | 1.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GVLE and FTA have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GVLE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GVLE is cheaper with a 0.45% expense ratio, compared with 0.60% for FTA.
FTA has the higher dividend yield at 1.61%, compared with 0.98% for GVLE.
They also come from different issuers: Goldman Sachs and First Trust. Their fees differ too: 0.45% for GVLE and 0.60% for FTA.
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