HOMZ vs. FXZ

Last updated Jun 4, 2026

HOMZ (Hoya Capital Housing ETF) and FXZ (First Trust Materials AlphaDEX Fund) are both Materials funds - HOMZ tracks the Hoya Capital Housing 100 Index while FXZ tracks the StrataQuant Materials Index. Both are passively managed. Over the past 5 years, HOMZ returned 3.51%/yr vs 7.84%/yr for FXZ. A 0.70 correlation means they provide meaningful diversification when combined. HOMZ charges 0.30%/yr vs 0.67%/yr for FXZ.

Performance

HOMZ vs. FXZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hoya Capital Housing ETF (HOMZ) and First Trust Materials AlphaDEX Fund (FXZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOMZ achieves a -3.23% return, which is significantly lower than FXZ's 29.62% return.

HOMZ

• 1D: -0.61%
• 1M: -0.25%
• YTD: -3.23%
• 6M: -6.20%
• 1Y: 4.91%
• 3Y*: 9.05%
• 5Y*: 3.51%
• 10Y*: —

FXZ

• 1D: -0.40%
• 1M: 5.70%
• YTD: 29.62%
• 6M: 33.34%
• 1Y: 53.31%
• 3Y*: 13.07%
• 5Y*: 7.84%
• 10Y*: 11.67%

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

HOMZ vs. FXZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HOMZ Hoya Capital Housing ETF	-3.23%	2.72%	9.49%	36.49%	-28.14%	41.02%	15.80%	17.71%
FXZ First Trust Materials AlphaDEX Fund	29.62%	16.25%	-16.31%	16.27%	-0.92%	30.84%	22.52%	7.90%

Correlation

The correlation between HOMZ and FXZ is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Mar 21, 2019	0.70

The correlation between HOMZ and FXZ has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.

HOMZ vs. FXZ - Sectors Allocation Comparison

Sectors	HOMZ	FXZ
Real Estate	41.2%	-
Consumer Cyclical	33.2%	3.9%
Financial Services	10.3%	-
Industrials	9.3%	20.4%
Basic Materials	3.2%	75.7%
Technology	1.7%	-
Consumer Defensive	0.7%	-
Communication Services	0.4%	-
Energy	-	-
Healthcare	-	-
Utilities	-	-

Return for Risk

HOMZ vs. FXZ — Risk / Return Rank

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

HOMZ

HOMZ Risk / Return Rank: 12
HOMZ Sharpe Ratio Rank: 12
HOMZ Sortino Ratio Rank: 13
HOMZ Omega Ratio Rank: 12
HOMZ Calmar Ratio Rank: 12
HOMZ Martin Ratio Rank: 12

FXZ

FXZ Risk / Return Rank: 74
FXZ Sharpe Ratio Rank: 75
FXZ Sortino Ratio Rank: 70
FXZ Omega Ratio Rank: 66
FXZ Calmar Ratio Rank: 81
FXZ Martin Ratio Rank: 80

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.

HOMZ vs. FXZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hoya Capital Housing ETF (HOMZ) and First Trust Materials AlphaDEX Fund (FXZ). 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.

	HOMZ	FXZ	Difference
Sharpe ratio: Return per unit of total volatility	0.25	2.45	-2.20
Sortino ratio: Return per unit of downside risk	0.54	3.21	-2.67
Omega ratio: Gain probability vs. loss probability	1.06	1.40	-0.34
Calmar ratio: Return relative to maximum drawdown	0.29	4.20	-3.91
Martin ratio: Return relative to average drawdown	0.67	15.80	-15.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HOMZ vs. FXZ - Sharpe Ratio Comparison

The current HOMZ Sharpe Ratio is 0.25, which is lower than the FXZ Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of HOMZ and FXZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HOMZ	FXZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.25	2.45	-2.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.33	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.35	+0.07

Drawdowns

HOMZ vs. FXZ - Drawdown Comparison

The maximum HOMZ drawdown since its inception was -48.10%, smaller than the maximum FXZ drawdown of -65.46%. Use the drawdown chart below to compare losses from any high point for HOMZ and FXZ.

Drawdown Indicators

	HOMZ	FXZ	Difference
Max Drawdown Largest peak-to-trough decline	-48.10%	-65.46%	+17.36%
Max Drawdown (1Y) Largest decline over 1 year	-16.71%	-12.75%	-3.96%
Max Drawdown (3Y) Largest decline over 3 years	-22.91%	-33.99%	+11.08%
Max Drawdown (5Y) Largest decline over 5 years	-33.76%	-33.99%	+0.23%
Max Drawdown (10Y) Largest decline over 10 years	—	-49.41%	—
Current Drawdown Current decline from peak	-12.58%	-0.40%	-12.18%
Average Drawdown Average peak-to-trough decline	-9.74%	-11.36%	+1.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.35%	3.38%	+3.97%

Volatility

HOMZ vs. FXZ - Volatility Comparison

The current volatility for Hoya Capital Housing ETF (HOMZ) is 5.34%, while First Trust Materials AlphaDEX Fund (FXZ) has a volatility of 7.04%. This indicates that HOMZ experiences smaller price fluctuations and is considered to be less risky than FXZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOMZ	FXZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.34%	7.04%	-1.70%
Volatility (6M) Calculated over the trailing 6-month period	13.56%	16.40%	-2.84%
Volatility (1Y) Calculated over the trailing 1-year period	19.55%	21.87%	-2.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.47%	24.13%	-2.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.99%	24.87%	+0.12%

HOMZ vs. FXZ - Expense Ratio Comparison

HOMZ has a 0.30% expense ratio, which is lower than FXZ's 0.67% expense ratio.

Dividends

HOMZ vs. FXZ - Dividend Comparison

HOMZ's dividend yield for the trailing twelve months is around 2.74%, more than FXZ's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXZ First Trust Materials AlphaDEX Fund	1.38%	1.74%	1.81%	1.97%	1.56%	1.11%	1.51%	1.58%	1.38%	1.01%	1.19%	1.26%
HOMZ Hoya Capital Housing ETF	2.74%	2.54%	2.13%	2.08%	2.03%	1.21%	3.18%	1.24%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HOMZ and FXZ in my portfolio?

HOMZ and FXZ have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOMZ or FXZ?

FXZ has higher volatility (7.04%) compared to HOMZ (5.34%). In terms of maximum drawdown, HOMZ dropped -48.10% vs FXZ's -65.46%.

Which ETF is better, HOMZ or FXZ?

On 5-year performance, FXZ leads with 7.84% vs 3.51% for HOMZ. On fees, HOMZ is cheaper at 0.30% per year. On volatility, HOMZ has been the lower-risk option at 5.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOMZ or FXZ?

Over the 5-year period, FXZ has performed better with a 7.84% return vs 3.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HOMZ or FXZ?

HOMZ is cheaper with a 0.30% expense ratio, compared with 0.67% for FXZ.

Which ETF pays a higher dividend yield, HOMZ or FXZ?

HOMZ has the higher dividend yield at 2.74%, compared with 1.38% for FXZ.

What is the main difference between HOMZ and FXZ?

HOMZ tracks Hoya Capital Housing 100 Index, while FXZ tracks StrataQuant Materials Index. They also come from different issuers: Pettee Investors and First Trust. Their fees differ too: 0.30% for HOMZ and 0.67% for FXZ.

Which has better risk-adjusted returns?

FXZ currently has the higher Sharpe Ratio (2.45 vs 0.25), 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.