IVEP vs. FXU

Last updated Jun 24, 2026

IVEP (Dan IVES Wedbush AI Power & Infrastructure ETF) and FXU (First Trust Utilities AlphaDEX Fund) are both exchange-traded funds - IVEP is a Industrials Equities fund tracking the Solactive Wedbush AI Power & Infrastructure Index, while FXU is a Utilities Equities fund tracking the StrataQuant Utilities Index. Both are passively managed. At a 0.18 correlation, their price movements are largely independent. IVEP charges 0.75%/yr vs 0.62%/yr for FXU.

Performance

IVEP vs. FXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP) and First Trust Utilities AlphaDEX Fund (FXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IVEP

• 1D: -4.10%
• 1M: -1.11%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FXU

• 1D: 1.22%
• 1M: 0.35%
• YTD: 9.49%
• 6M: 9.73%
• 1Y: 18.60%
• 3Y*: 19.02%
• 5Y*: 12.94%
• 10Y*: 9.43%

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

IVEP vs. FXU - Yearly Performance Comparison

	2026 (YTD)
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	7.06%
FXU First Trust Utilities AlphaDEX Fund	-2.47%

Correlation

The correlation between IVEP and FXU is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 8, 2026	0.18

IVEP vs. FXU - Sectors Allocation Comparison

Sectors	IVEP	FXU
Industrials	43.6%	4.0%
Utilities	22.5%	92.4%
Energy	13.0%	3.6%
Real Estate	10.9%	-
Technology	7.7%	-
Basic Materials	2.4%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-

Return for Risk

IVEP vs. FXU — Risk / Return Rank

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

IVEP

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

FXU

FXU Risk / Return Rank: 40
FXU Sharpe Ratio Rank: 42
FXU Sortino Ratio Rank: 39
FXU Omega Ratio Rank: 38
FXU Calmar Ratio Rank: 46
FXU Martin Ratio Rank: 38

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.

IVEP vs. FXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP) and First Trust Utilities AlphaDEX Fund (FXU). 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.

	IVEP	FXU	Difference
Sharpe ratio: Return per unit of total volatility	—	1.41	—
Sortino ratio: Return per unit of downside risk	—	1.93	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	2.17	—
Martin ratio: Return relative to average drawdown	—	5.61	—

Drawdowns

IVEP vs. FXU - Drawdown Comparison

The maximum IVEP drawdown since its inception was -10.90%, smaller than the maximum FXU drawdown of -49.00%. Use the drawdown chart below to compare losses from any high point for IVEP and FXU.

Drawdown Indicators

	IVEP	FXU	Difference
Max Drawdown Largest peak-to-trough decline	-10.90%	-49.00%	+38.10%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.63%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.87%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.81%	—
Current Drawdown Current decline from peak	-4.10%	-4.44%	+0.34%
Average Drawdown Average peak-to-trough decline	-2.78%	-7.63%	+4.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.32%	—

Volatility

Volatility by Period

	IVEP	FXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.69%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	29.34%	13.34%	+16.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.34%	16.56%	+12.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.34%	18.35%	+10.99%

IVEP vs. FXU - Expense Ratio Comparison

IVEP has a 0.75% expense ratio, which is higher than FXU's 0.62% expense ratio.

Dividends

IVEP vs. FXU - Dividend Comparison

IVEP has not paid dividends to shareholders, while FXU's dividend yield for the trailing twelve months is around 2.14%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXU First Trust Utilities AlphaDEX Fund	2.14%	2.29%	2.41%	2.52%	2.03%	2.00%	3.97%	2.34%	2.40%	3.81%	2.62%	3.90%
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IVEP and FXU in my portfolio?

IVEP and FXU have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IVEP or FXU?

On fees, FXU is cheaper at 0.62% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IVEP or FXU?

FXU is cheaper with a 0.62% expense ratio, compared with 0.75% for IVEP.

Which ETF pays a higher dividend yield, IVEP or FXU?

FXU has the higher dividend yield at 2.14%, compared with 0.00% for IVEP.

What is the main difference between IVEP and FXU?

IVEP is categorized as Industrials Equities, while FXU is Utilities Equities. IVEP tracks Solactive Wedbush AI Power & Infrastructure Index, while FXU tracks StrataQuant Utilities Index. They also come from different issuers: Wedbush and First Trust. Their fees differ too: 0.75% for IVEP and 0.62% for FXU.