MTRA vs. FDT

Last updated Jul 11, 2026

MTRA (Invesco International Growth Focus ETF) and FDT (First Trust Developed Markets ex-US AlphaDEX Fund) are both Foreign Large Cap Equities funds. Over the past year, MTRA returned 7.27% vs 38.06% for FDT. A 0.80 correlation means they provide meaningful diversification when combined. MTRA charges 0.54%/yr vs 0.80%/yr for FDT.

Performance

MTRA vs. FDT - Performance Comparison

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

Returns By Period

In the year-to-date period, MTRA achieves a 2.54% return, which is significantly lower than FDT's 17.66% return.

MTRA

• 1D: -0.02%
• 1M: 1.79%
• 6M: -1.42%
• YTD: 2.54%
• 1Y: 7.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDT

• 1D: 0.92%
• 1M: -4.32%
• 6M: 12.50%
• YTD: 17.66%
• 1Y: 38.06%
• 3Y*: 25.60%
• 5Y*: 11.85%
• 10Y*: 10.33%

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

MTRA vs. FDT - Yearly Performance Comparison

	2026 (YTD)	2025
MTRA Invesco International Growth Focus ETF	2.54%	4.16%
FDT First Trust Developed Markets ex-US AlphaDEX Fund	17.66%	22.94%

Correlation

The correlation between MTRA and FDT is 0.80, 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	0.80
Correlation (All Time) Calculated using the full available price history since Jun 11, 2025	0.80

The correlation between MTRA and FDT has been stable across timeframes, ranging from 0.80 to 0.80 - a consistent structural relationship.

Return for Risk

MTRA vs. FDT — Risk / Return Rank

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

MTRA

MTRA Risk / Return Rank: 14
MTRA Sharpe Ratio Rank: 14
MTRA Sortino Ratio Rank: 14
MTRA Omega Ratio Rank: 14
MTRA Calmar Ratio Rank: 14
MTRA Martin Ratio Rank: 16

FDT

FDT Risk / Return Rank: 69
FDT Sharpe Ratio Rank: 72
FDT Sortino Ratio Rank: 66
FDT Omega Ratio Rank: 73
FDT Calmar Ratio Rank: 69
FDT Martin Ratio Rank: 67

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.

MTRA vs. FDT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco International Growth Focus ETF (MTRA) 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.

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.

	MTRA	FDT	Difference
Sharpe ratio: Return per unit of total volatility	0.31	1.84	-1.53
Sortino ratio: Return per unit of downside risk	0.56	2.43	-1.88
Omega ratio: Gain probability vs. loss probability	1.07	1.34	-0.27
Calmar ratio: Return relative to maximum drawdown	0.37	2.78	-2.42
Martin ratio: Return relative to average drawdown	1.10	9.69	-8.59

MTRA vs. FDT - Sharpe Ratio Comparison

The current MTRA Sharpe Ratio is 0.31, which is lower than the FDT Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of MTRA and FDT, 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

MTRA vs. FDT - Drawdown Comparison

The maximum MTRA drawdown since its inception was -15.77%, smaller than the maximum FDT drawdown of -46.10%. Use the drawdown chart below to compare losses from any high point for MTRA and FDT.

Drawdown Indicators

	MTRA	FDT	Difference
Max Drawdown Largest peak-to-trough decline	-15.77%	-46.10%	+30.33%
Max Drawdown (1Y) Largest decline over 1 year	-15.77%	-13.41%	-2.36%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.29%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.80%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.10%	—
Current Drawdown Current decline from peak	-3.00%	-7.74%	+4.74%
Average Drawdown Average peak-to-trough decline	-3.75%	-10.74%	+6.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.27%	3.85%	+1.42%

Volatility

MTRA vs. FDT - Volatility Comparison

The current volatility for Invesco International Growth Focus ETF (MTRA) is 7.47%, while First Trust Developed Markets ex-US AlphaDEX Fund (FDT) has a volatility of 7.96%. This indicates that MTRA experiences smaller price fluctuations and is considered to be less risky than FDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MTRA	FDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.47%	7.96%	-0.49%
Volatility (6M) Calculated over the trailing 6-month period	16.37%	18.23%	-1.86%
Volatility (1Y) Calculated over the trailing 1-year period	18.72%	20.34%	-1.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.43%	18.57%	-0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.43%	18.51%	-0.08%

MTRA vs. FDT - Expense Ratio Comparison

MTRA has a 0.54% expense ratio, which is lower than FDT's 0.80% expense ratio.

Dividends

MTRA vs. FDT - Dividend Comparison

MTRA's dividend yield for the trailing twelve months is around 0.67%, less than FDT's 2.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDT First Trust Developed Markets ex-US AlphaDEX Fund	2.84%	3.27%	3.89%	4.36%	2.29%	3.80%	2.42%	2.78%	2.13%	1.57%	1.76%	1.83%
MTRA Invesco International Growth Focus ETF	0.67%	0.69%	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 MTRA and FDT in my portfolio?

MTRA and FDT have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MTRA or FDT?

FDT has higher volatility (7.96%) compared to MTRA (7.47%). In terms of maximum drawdown, MTRA dropped -15.77% vs FDT's -46.10%.

Which ETF is better, MTRA or FDT?

On 1-year performance, FDT leads with 38.06% vs 7.27% for MTRA. On fees, MTRA is cheaper at 0.54% per year. On volatility, MTRA has been the lower-risk option at 7.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MTRA or FDT?

Over the 1-year period, FDT has performed better with a 38.06% return vs 7.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MTRA or FDT?

MTRA is cheaper with a 0.54% expense ratio, compared with 0.80% for FDT.

Which ETF pays a higher dividend yield, MTRA or FDT?

FDT has the higher dividend yield at 2.84%, compared with 0.67% for MTRA.

What is the main difference between MTRA and FDT?

They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.54% for MTRA and 0.80% for FDT.

Which has better risk-adjusted returns?

FDT currently has the higher Sharpe Ratio (1.84 vs 0.31), 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.