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IVEP vs. FXU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IVEP vs. FXU

Last updated Jul 17, 2026
Documentation

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 0.02 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.

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Returns By Period

IVEP

1D
-2.80%
1M
-7.80%
6M
—
YTD
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

FXU

1D
1.07%
1M
2.99%
6M
8.95%
YTD
12.12%
1Y
20.25%
3Y*
18.58%
5Y*
12.64%
10Y*
9.14%
*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		-1.95%
FXU
First Trust Utilities AlphaDEX Fund		-0.12%

Correlation

The correlation between IVEP and FXU is 0.02, 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 (All Time)
Calculated using the full available price history since Apr 8, 2026

0.02

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

-

-

Industrials

IVEP
43.6%
FXU
4.0%

Utilities

IVEP
22.5%
FXU
92.4%

Energy

IVEP
13.0%
FXU
3.6%

Real Estate

IVEP
10.9%
FXU

-

Technology

IVEP
7.7%
FXU

-

Basic Materials

IVEP
2.4%
FXU

-

Communication Services

IVEP

-

FXU

-

Consumer Cyclical

IVEP

-

FXU

-

Consumer Defensive

IVEP

-

FXU

-

Financial Services

IVEP

-

FXU

-

Healthcare

IVEP

-

FXU

-

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Dan IVES Wedbush AI Power & Infrastructure ETF

First Trust Utilities AlphaDEX Fund

Often compared with IVEP:
IVEP vs. AIPOIVEP vs. IVESIVEP vs. HVACIVEP vs. DTCRIVEP vs. RIFRIVEP vs. YCSIVEP vs. XLII
Often compared with FXU:
FXU vs. UTESFXU vs. XLUFXU vs. VPUFXU vs. IDUFXU vs. JXIFXU vs. PUIFXU vs. VOO

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: 5151
Overall Rank
FXU Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
FXU Sortino Ratio Rank: 5151
Sortino Ratio Rank
FXU Omega Ratio Rank: 4848
Omega Ratio Rank
FXU Calmar Ratio Rank: 5959
Calmar Ratio Rank
FXU Martin Ratio Rank: 4545
Martin Ratio Rank
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.

IVEPFXUDifference
Sharpe ratioReturn per unit of total volatility

—

1.49

—

Sortino ratioReturn per unit of downside risk

—

2.06

—

Omega ratioGain probability vs. loss probability

—

1.25

—

Calmar ratioReturn relative to maximum drawdown

—

2.36

—

Martin ratioReturn relative to average drawdown

—

5.98

—

IVEP vs. FXU - Sharpe Ratio Comparison

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Drawdowns

IVEP vs. FXU - Drawdown Comparison

The maximum IVEP drawdown since its inception was -12.17%, 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.

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Drawdown Indicators

IVEPFXUDifference

Max Drawdown

Largest peak-to-trough decline

-12.17%

-49.00%

+36.83%

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

-12.17%

-2.14%

-10.03%

Average Drawdown

Average peak-to-trough decline

-3.91%

-7.61%

+3.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

3.40%

—

Volatility

IVEP vs. FXU - Volatility Comparison

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Volatility by Period

IVEPFXUDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

4.63%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

10.79%

—

Volatility (1Y)

Calculated over the trailing 1-year period

29.12%

13.61%

+15.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.12%

16.61%

+12.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.12%

18.36%

+10.76%

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 2.13%.

PositionTTM20252024202320222021202020192018201720162015
FXU
First Trust Utilities AlphaDEX Fund		2.13%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

IVEP and FXU have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

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

FXU has the higher dividend yield at 2.13%, compared with 0.00% for IVEP.

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.

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