RFEU vs. HEDJ
Compare and contrast key facts about First Trust RiverFront Dynamic Europe ETF (RFEU) and WisdomTree Europe Hedged Equity Fund (HEDJ).
RFEU and HEDJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RFEU is an actively managed fund by First Trust. It was launched on Apr 14, 2016. HEDJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Europe Hedged Equity Index. It was launched on Dec 31, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RFEU or HEDJ.
Performance
RFEU vs. HEDJ - Performance Comparison
Returns By Period
In the year-to-date period, RFEU achieves a -1.09% return, which is significantly lower than HEDJ's 2.46% return.
RFEU
-1.09%
-6.83%
-6.21%
4.22%
3.97%
N/A
HEDJ
2.46%
-4.01%
-8.29%
7.92%
7.35%
7.84%
Key characteristics
| RFEU | HEDJ | |
|---|---|---|
| Sharpe Ratio | 1.01 | 0.61 |
| Sortino Ratio | 1.48 | 0.91 |
| Omega Ratio | 1.18 | 1.11 |
| Calmar Ratio | 0.63 | 0.67 |
| Martin Ratio | 5.14 | 1.71 |
| Ulcer Index | 2.88% | 4.73% |
| Daily Std Dev | 14.42% | 13.27% |
| Max Drawdown | -39.74% | -38.18% |
| Current Drawdown | -13.93% | -9.46% |
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RFEU vs. HEDJ - Expense Ratio Comparison
RFEU has a 0.83% expense ratio, which is higher than HEDJ's 0.58% expense ratio.
Correlation
The correlation between RFEU and HEDJ is 0.73, 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.
Risk-Adjusted Performance
RFEU vs. HEDJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust RiverFront Dynamic Europe ETF (RFEU) and WisdomTree Europe Hedged Equity Fund (HEDJ). 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.
Dividends
RFEU vs. HEDJ - Dividend Comparison
RFEU's dividend yield for the trailing twelve months is around 2.60%, less than HEDJ's 3.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RFEU First Trust RiverFront Dynamic Europe ETF | 2.60% | 3.37% | 4.98% | 1.82% | 2.32% | 3.08% | 2.84% | 1.35% | 3.16% | 0.00% | 0.00% | 0.00% |
HEDJ WisdomTree Europe Hedged Equity Fund | 3.06% | 3.31% | 2.83% | 2.08% | 2.65% | 1.82% | 2.73% | 2.27% | 2.97% | 9.44% | 5.83% | 1.85% |
Drawdowns
RFEU vs. HEDJ - Drawdown Comparison
The maximum RFEU drawdown since its inception was -39.74%, roughly equal to the maximum HEDJ drawdown of -38.18%. Use the drawdown chart below to compare losses from any high point for RFEU and HEDJ. For additional features, visit the drawdowns tool.
Volatility
RFEU vs. HEDJ - Volatility Comparison
First Trust RiverFront Dynamic Europe ETF (RFEU) has a higher volatility of 4.74% compared to WisdomTree Europe Hedged Equity Fund (HEDJ) at 3.94%. This indicates that RFEU's price experiences larger fluctuations and is considered to be riskier than HEDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.