HOG vs. FXD

Last updated Jun 23, 2026

HOG (Harley-Davidson, Inc.) is a stock, while FXD (First Trust Consumer Discretionary AlphaDEX Fund) is Consumer Discretionary Equities fund tracking the StrataQuant Consumer Discretionary Index. Over the past 10 years, HOG returned -3.14%/yr vs 8.50%/yr for FXD. A 0.65 correlation means they provide meaningful diversification when combined.

Performance

HOG vs. FXD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harley-Davidson, Inc. (HOG) and First Trust Consumer Discretionary AlphaDEX Fund (FXD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOG achieves a 22.71% return, which is significantly higher than FXD's 0.15% return. Over the past 10 years, HOG has underperformed FXD with an annualized return of -3.14%, while FXD has yielded a comparatively higher 8.50% annualized return.

HOG

• 1D: -3.82%
• 1M: 4.85%
• YTD: 22.71%
• 6M: 20.30%
• 1Y: 9.04%
• 3Y*: -7.28%
• 5Y*: -9.61%
• 10Y*: -3.14%

FXD

• 1D: -0.99%
• 1M: 3.43%
• YTD: 0.15%
• 6M: -1.79%
• 1Y: 11.85%
• 3Y*: 9.82%
• 5Y*: 3.65%
• 10Y*: 8.50%

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

HOG vs. FXD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HOG Harley-Davidson, Inc.	22.71%	-30.05%	-16.61%	-9.76%	12.13%	4.29%	0.19%	13.62%	-30.54%	-10.29%
FXD First Trust Consumer Discretionary AlphaDEX Fund	0.15%	6.70%	10.57%	23.39%	-21.56%	22.72%	12.97%	24.22%	-11.60%	19.77%

Correlation

The correlation between HOG and FXD is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since May 10, 2007	0.65

The correlation between HOG and FXD shifts across timeframes, from 0.52 (1 year) to 0.67 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

HOG vs. FXD — Risk / Return Rank

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

HOG

HOG Risk / Return Rank: 47
HOG Sharpe Ratio Rank: 50
HOG Sortino Ratio Rank: 47
HOG Omega Ratio Rank: 45
HOG Calmar Ratio Rank: 47
HOG Martin Ratio Rank: 46

FXD

FXD Risk / Return Rank: 19
FXD Sharpe Ratio Rank: 18
FXD Sortino Ratio Rank: 19
FXD Omega Ratio Rank: 17
FXD Calmar Ratio Rank: 19
FXD Martin Ratio Rank: 19

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.

HOG vs. FXD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harley-Davidson, Inc. (HOG) and First Trust Consumer Discretionary AlphaDEX Fund (FXD). 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.

	HOG	FXD	Difference
Sharpe ratio: Return per unit of total volatility	0.22	0.61	-0.39
Sortino ratio: Return per unit of downside risk	0.64	1.04	-0.40
Omega ratio: Gain probability vs. loss probability	1.08	1.11	-0.04
Calmar ratio: Return relative to maximum drawdown	0.21	0.85	-0.64
Martin ratio: Return relative to average drawdown	0.39	2.12	-1.73

HOG vs. FXD - Sharpe Ratio Comparison

The current HOG Sharpe Ratio is 0.22, which is lower than the FXD Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of HOG and FXD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HOG vs. FXD - Drawdown Comparison

The maximum HOG drawdown since its inception was -88.26%, which is greater than FXD's maximum drawdown of -65.27%. Use the drawdown chart below to compare losses from any high point for HOG and FXD.

Drawdown Indicators

	HOG	FXD	Difference
Max Drawdown Largest peak-to-trough decline	-88.26%	-65.27%	-22.99%
Max Drawdown (1Y) Largest decline over 1 year	-43.24%	-13.94%	-29.30%
Max Drawdown (3Y) Largest decline over 3 years	-58.74%	-26.02%	-32.72%
Max Drawdown (5Y) Largest decline over 5 years	-64.11%	-33.74%	-30.37%
Max Drawdown (10Y) Largest decline over 10 years	-73.28%	-49.54%	-23.74%
Current Drawdown Current decline from peak	-54.91%	-5.20%	-49.71%
Average Drawdown Average peak-to-trough decline	-24.44%	-10.95%	-13.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.18%	5.59%	+17.59%

Volatility

HOG vs. FXD - Volatility Comparison

Harley-Davidson, Inc. (HOG) has a higher volatility of 11.12% compared to First Trust Consumer Discretionary AlphaDEX Fund (FXD) at 5.75%. This indicates that HOG's price experiences larger fluctuations and is considered to be riskier than FXD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOG	FXD	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.12%	5.75%	+5.37%
Volatility (6M) Calculated over the trailing 6-month period	28.19%	14.77%	+13.42%
Volatility (1Y) Calculated over the trailing 1-year period	41.20%	19.52%	+21.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.43%	22.77%	+17.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.10%	23.72%	+19.38%

Dividends

HOG vs. FXD - Dividend Comparison

HOG's dividend yield for the trailing twelve months is around 2.98%, more than FXD's 0.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXD First Trust Consumer Discretionary AlphaDEX Fund	0.76%	0.80%	0.89%	0.70%	1.00%	0.62%	0.42%	0.92%	1.08%	0.93%	1.05%	0.90%
HOG Harley-Davidson, Inc.	2.98%	3.51%	2.29%	1.79%	1.51%	1.59%	1.20%	4.03%	4.34%	2.87%	2.40%	2.73%

Frequently Asked Questions

Can I hold both HOG and FXD in my portfolio?

HOG and FXD have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOG or FXD?

HOG has higher volatility (11.12%) compared to FXD (5.75%). In terms of maximum drawdown, HOG dropped -88.26% vs FXD's -65.27%.

Which has better risk-adjusted returns?

FXD currently has the higher Sharpe Ratio (0.61 vs 0.22), 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.