HFSP vs. FPA
HFSP (TradersAI Large Cap Equity & Cash ETF) and FPA (First Trust Asia Pacific ex-Japan AlphaDEX Fund) are both exchange-traded funds - HFSP is a Long-Short fund actively managed by TradersAI, while FPA is a Asia Pacific Equities fund tracking the NASDAQ AlphaDEX Asia Pacific Ex-Japan Index. HFSP is actively managed, while FPA is passively managed. Over the past year, HFSP returned -14.56% vs 82.43% for FPA. At a correlation of -0.05, they often move in opposite directions. HFSP charges 1.25%/yr vs 0.80%/yr for FPA.
Performance
HFSP vs. FPA - Performance Comparison
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Returns By Period
In the year-to-date period, HFSP achieves a -5.81% return, which is significantly lower than FPA's 51.47% return.
HFSP
- 1D
- -0.03%
- 1M
- -1.34%
- YTD
- -5.81%
- 6M
- -4.27%
- 1Y
- -14.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FPA
- 1D
- -0.59%
- 1M
- 9.98%
- YTD
- 51.47%
- 6M
- 51.19%
- 1Y
- 82.43%
- 3Y*
- 33.32%
- 5Y*
- 13.09%
- 10Y*
- 11.25%
HFSP vs. FPA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HFSP TradersAI Large Cap Equity & Cash ETF | -5.81% | -24.01% | 1.15% |
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund | 51.47% | 43.16% | -7.28% |
Correlation
The correlation between HFSP and FPA is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2024 | -0.05 |
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Return for Risk
HFSP vs. FPA — Risk / Return Rank
HFSP
FPA
HFSP vs. FPA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TradersAI Large Cap Equity & Cash ETF (HFSP) and First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA). 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.
| HFSP | FPA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.94 | ||
| Sortino ratioReturn per unit of downside risk | -4.80 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.54 | -0.65 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 5.39 | -5.98 |
| Martin ratioReturn relative to average drawdown | -1.04 | 19.96 | -21.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HFSP | FPA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.70 | 3.24 | -3.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.75 | 0.33 | -1.08 |
Drawdowns
HFSP vs. FPA - Drawdown Comparison
The maximum HFSP drawdown since its inception was -33.80%, smaller than the maximum FPA drawdown of -52.91%. Use the drawdown chart below to compare losses from any high point for HFSP and FPA.
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Drawdown Indicators
| HFSP | FPA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.80% | -52.91% | +19.11% |
Max Drawdown (1Y)Largest decline over 1 year | -24.64% | -15.37% | -9.27% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.21% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.91% | — |
Current DrawdownCurrent decline from peak | -32.12% | -4.12% | -28.00% |
Average DrawdownAverage peak-to-trough decline | -17.02% | -13.49% | -3.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.04% | 4.14% | +9.90% |
Volatility
HFSP vs. FPA - Volatility Comparison
The current volatility for TradersAI Large Cap Equity & Cash ETF (HFSP) is 5.01%, while First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) has a volatility of 12.96%. This indicates that HFSP experiences smaller price fluctuations and is considered to be less risky than FPA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HFSP | FPA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 12.96% | -7.95% |
Volatility (6M)Calculated over the trailing 6-month period | 12.44% | 21.92% | -9.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.93% | 25.55% | -4.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.48% | 23.98% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.48% | 22.39% | +2.09% |
HFSP vs. FPA - Expense Ratio Comparison
HFSP has a 1.25% expense ratio, which is higher than FPA's 0.80% expense ratio.
Dividends
HFSP vs. FPA - Dividend Comparison
HFSP has not paid dividends to shareholders, while FPA's dividend yield for the trailing twelve months is around 3.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund | 3.52% | 4.71% | 3.40% | 3.02% | 4.22% | 5.12% | 1.59% | 3.90% | 2.81% | 3.15% | 2.42% | 1.74% |
HFSP TradersAI Large Cap Equity & Cash ETF | 0.00% | 0.00% | 1.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HFSP and FPA have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPA has higher volatility (12.96%) compared to HFSP (5.01%). In terms of maximum drawdown, HFSP dropped -33.80% vs FPA's -52.91%.
On 1-year performance, FPA leads with 82.43% vs -14.56% for HFSP. On fees, FPA is cheaper at 0.80% per year. On volatility, HFSP has been the lower-risk option at 5.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FPA has performed better with a 82.43% return vs -14.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FPA is cheaper with a 0.80% expense ratio, compared with 1.25% for HFSP.
FPA has the higher dividend yield at 3.52%, compared with 0.00% for HFSP.
HFSP is categorized as Long-Short, while FPA is Asia Pacific Equities. They also come from different issuers: TradersAI and First Trust. Their fees differ too: 1.25% for HFSP and 0.80% for FPA.
FPA currently has the higher Sharpe Ratio (3.24 vs -0.70), 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.
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