IDEQ vs. FDT

Last updated Apr 1, 2026

Compare and contrast key facts about Lazard International Dynamic Equity ETF (IDEQ) and First Trust Developed Markets ex-US AlphaDEX Fund (FDT).

IDEQ and FDT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IDEQ is an actively managed fund by Lazard. It was launched on May 12, 2025. FDT is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX DM Ex-US Index. It was launched on Apr 18, 2011.

Performance

IDEQ vs. FDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard International Dynamic Equity ETF (IDEQ) and First Trust Developed Markets ex-US AlphaDEX Fund (FDT). The values are adjusted to include any dividend payments, if applicable.

IDEQ vs. FDT - Yearly Performance Comparison

	2026 (YTD)	2025
IDEQ Lazard International Dynamic Equity ETF	4.61%	11.77%
FDT First Trust Developed Markets ex-US AlphaDEX Fund	9.83%	11.15%

Returns By Period

In the year-to-date period, IDEQ achieves a 4.61% return, which is significantly lower than FDT's 9.83% return.

IDEQ

• 1D: 3.62%
• 1M: -9.10%
• YTD: 4.61%
• 6M: 12.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDT

• 1D: 3.59%
• 1M: -10.30%
• YTD: 9.83%
• 6M: 17.39%
• 1Y: 54.93%
• 3Y*: 24.48%
• 5Y*: 11.26%
• 10Y*: 9.73%

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

IDEQ vs. FDT - Expense Ratio Comparison

IDEQ has a 0.40% expense ratio, which is lower than FDT's 0.80% expense ratio.

FDT

First Trust Developed Markets ex-US AlphaDEX Fund

IDEQ

Lazard International Dynamic Equity ETF

Return for Risk

IDEQ vs. FDT — Risk / Return Rank

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

FDT

FDT Risk / Return Rank: 96
FDT Sharpe Ratio Rank: 97
FDT Sortino Ratio Rank: 97
FDT Omega Ratio Rank: 97
FDT Calmar Ratio Rank: 95
FDT Martin Ratio Rank: 96

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.

IDEQ vs. FDT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard International Dynamic Equity ETF (IDEQ) and First Trust Developed Markets ex-US AlphaDEX Fund (FDT). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IDEQ	FDT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.86	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.63	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.80	0.35	+1.45

Correlation

The correlation between IDEQ and FDT is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

IDEQ vs. FDT - Dividend Comparison

IDEQ's dividend yield for the trailing twelve months is around 0.58%, less than FDT's 3.24% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDEQ Lazard International Dynamic Equity ETF	0.58%	0.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FDT First Trust Developed Markets ex-US AlphaDEX Fund	3.24%	3.27%	3.89%	4.36%	2.29%	3.80%	2.42%	2.78%	2.13%	1.57%	1.76%	1.83%

Drawdowns

IDEQ vs. FDT - Drawdown Comparison

The maximum IDEQ drawdown since its inception was -12.95%, smaller than the maximum FDT drawdown of -46.10%. Use the drawdown chart below to compare losses from any high point for IDEQ and FDT.

Drawdown Indicators

	IDEQ	FDT	Difference
Max Drawdown Largest peak-to-trough decline	-12.95%	-46.10%	+33.15%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.18%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.10%	—
Current Drawdown Current decline from peak	-9.80%	-10.30%	+0.50%
Average Drawdown Average peak-to-trough decline	-1.84%	-10.86%	+9.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.22%	—

Volatility

Volatility by Period

	IDEQ	FDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.73%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.24%	19.35%	-2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.24%	17.86%	-0.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.24%	18.32%	-1.08%