HEDJ vs. FEP
Compare and contrast key facts about WisdomTree Europe Hedged Equity Fund (HEDJ) and First Trust Europe AlphaDEX Fund (FEP).
HEDJ and FEP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEDJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Europe Hedged Equity Index. It was launched on Dec 31, 2009. FEP is a passively managed fund by First Trust that tracks the performance of the Defined Europe Index. It was launched on Apr 26, 2011. Both HEDJ and FEP 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: HEDJ or FEP.
Correlation
The correlation between HEDJ and FEP is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HEDJ vs. FEP - Performance Comparison
Key characteristics
HEDJ:
0.12
FEP:
0.96
HEDJ:
0.30
FEP:
1.39
HEDJ:
1.04
FEP:
1.19
HEDJ:
0.14
FEP:
1.22
HEDJ:
0.37
FEP:
4.18
HEDJ:
5.99%
FEP:
4.64%
HEDJ:
19.22%
FEP:
20.30%
HEDJ:
-38.18%
FEP:
-46.05%
HEDJ:
-5.48%
FEP:
-0.44%
Returns By Period
In the year-to-date period, HEDJ achieves a 7.75% return, which is significantly lower than FEP's 19.57% return. Over the past 10 years, HEDJ has outperformed FEP with an annualized return of 7.33%, while FEP has yielded a comparatively lower 5.94% annualized return.
HEDJ
7.75%
-2.56%
7.41%
1.80%
14.58%
7.33%
FEP
19.57%
1.96%
14.28%
19.17%
13.30%
5.94%
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HEDJ vs. FEP - Expense Ratio Comparison
HEDJ has a 0.58% expense ratio, which is lower than FEP's 0.80% expense ratio.
Risk-Adjusted Performance
HEDJ vs. FEP — Risk-Adjusted Performance Rank
HEDJ
FEP
HEDJ vs. FEP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Hedged Equity Fund (HEDJ) and First Trust Europe AlphaDEX Fund (FEP). 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
HEDJ vs. FEP - Dividend Comparison
HEDJ's dividend yield for the trailing twelve months is around 3.04%, less than FEP's 3.74% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEDJ WisdomTree Europe Hedged Equity Fund | 3.04% | 3.28% | 3.31% | 2.83% | 2.08% | 2.65% | 1.82% | 2.73% | 2.27% | 2.97% | 9.44% | 5.83% |
FEP First Trust Europe AlphaDEX Fund | 3.74% | 4.94% | 3.27% | 3.00% | 3.49% | 2.32% | 2.63% | 2.62% | 1.65% | 2.14% | 2.20% | 2.47% |
Drawdowns
HEDJ vs. FEP - Drawdown Comparison
The maximum HEDJ drawdown since its inception was -38.18%, smaller than the maximum FEP drawdown of -46.05%. Use the drawdown chart below to compare losses from any high point for HEDJ and FEP. For additional features, visit the drawdowns tool.
Volatility
HEDJ vs. FEP - Volatility Comparison
WisdomTree Europe Hedged Equity Fund (HEDJ) has a higher volatility of 13.66% compared to First Trust Europe AlphaDEX Fund (FEP) at 12.66%. This indicates that HEDJ's price experiences larger fluctuations and is considered to be riskier than FEP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.