PWRZ vs. FPA
PWRZ (TrueShares Eagle Global Next Gen Power Infrastructure ETF) and FPA (First Trust Asia Pacific ex-Japan AlphaDEX Fund) are both exchange-traded funds - PWRZ is a Infrastructure Equities fund actively managed by TrueShares, while FPA is a Asia Pacific Equities fund tracking the NASDAQ AlphaDEX Asia Pacific Ex-Japan Index. PWRZ is actively managed, while FPA is passively managed. Their 0.56 correlation means they have sometimes moved together and sometimes differently. PWRZ charges 0.75%/yr vs 0.80%/yr for FPA.
Performance
PWRZ vs. FPA - Performance Comparison
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Returns By Period
PWRZ
- 1D
- -0.01%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
FPA
- 1D
- -1.70%
- 1M
- -12.59%
- 6M
- 3.07%
- YTD
- 20.38%
- 1Y
- 31.34%
- 3Y*
- 20.19%
- 5Y*
- 9.35%
- 10Y*
- 7.79%
- ALL TIME*
- 5.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $239.16K | $447.30K | $694.81K | |
| $11.69K | $10.99K | $10.99K |
PWRZ vs. FPA - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF | -1.03% |
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund | -8.93% |
Correlation
The correlation between PWRZ and FPA is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 10, 2026 | 0.56 |
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Return for Risk
PWRZ vs. FPA — Risk / Return Rank
PWRZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FPA
PWRZ vs. FPA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Eagle Global Next Gen Power Infrastructure ETF (PWRZ) and First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA). 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.
| PWRZ | FPA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.18 | — |
| Martin ratioReturn relative to average drawdown | — | 4.12 | — |
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Drawdowns
PWRZ vs. FPA - Drawdown Comparison
The maximum PWRZ drawdown since its inception was -3.62%, smaller than the maximum FPA drawdown of -52.91%. Use the drawdown chart below to compare losses from any high point for PWRZ and FPA.
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Drawdown Indicators
| PWRZ | FPA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.62% | -52.91% | +49.29% |
Max Drawdown (1Y)Largest decline over 1 year | — | -25.40% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.40% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.92% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.91% | — |
Current DrawdownCurrent decline from peak | -2.39% | -23.80% | +21.41% |
Average DrawdownAverage peak-to-trough decline | -1.20% | -13.48% | +12.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.28% | — |
Volatility
PWRZ vs. FPA - Volatility Comparison
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Volatility by Period
| PWRZ | FPA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 28.24% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.56% | 30.44% | -17.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.56% | 25.27% | -12.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.56% | 22.98% | -10.42% |
PWRZ vs. FPA - Expense Ratio Comparison
PWRZ has a 0.75% expense ratio, which is lower than FPA's 0.80% expense ratio.
Dividends
PWRZ vs. FPA - Dividend Comparison
PWRZ has not paid dividends to shareholders, while FPA's dividend yield for the trailing twelve months is around 4.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund | 4.03% | 4.71% | 3.40% | 3.02% | 4.22% | 5.12% | 1.59% | 3.90% | 2.81% | 3.15% | 2.42% | 1.74% |
PWRZ TrueShares Eagle Global Next Gen 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
PWRZ and FPA have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PWRZ is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PWRZ is cheaper with a 0.75% expense ratio, compared with 0.80% for FPA.
FPA has the higher dividend yield at 4.03%, compared with 0.00% for PWRZ.
PWRZ is categorized as Infrastructure Equities, while FPA is Asia Pacific Equities. They also come from different issuers: TrueShares and First Trust. Their fees differ too: 0.75% for PWRZ and 0.80% for FPA.
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