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.
Key characteristics
| RFEU | HEDJ | |
|---|---|---|
| YTD Return | 2.90% | 4.52% |
| 1Y Return | 14.17% | 14.90% |
| 3Y Return (Ann) | -3.05% | 5.90% |
| 5Y Return (Ann) | 4.65% | 7.50% |
| Sharpe Ratio | 0.83 | 1.06 |
| Sortino Ratio | 1.26 | 1.51 |
| Omega Ratio | 1.15 | 1.19 |
| Calmar Ratio | 0.48 | 1.15 |
| Martin Ratio | 5.10 | 3.14 |
| Ulcer Index | 2.34% | 4.42% |
| Daily Std Dev | 14.16% | 13.09% |
| Max Drawdown | -39.74% | -38.18% |
| Current Drawdown | -10.45% | -7.64% |
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.
Performance
RFEU vs. HEDJ - Performance Comparison
In the year-to-date period, RFEU achieves a 2.90% return, which is significantly lower than HEDJ's 4.52% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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 2.50%, less than HEDJ's 3.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RFEU First Trust RiverFront Dynamic Europe ETF | 2.50% | 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 | 3.00% | 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
The current volatility for First Trust RiverFront Dynamic Europe ETF (RFEU) is 2.87%, while WisdomTree Europe Hedged Equity Fund (HEDJ) has a volatility of 3.81%. This indicates that RFEU experiences smaller price fluctuations and is considered to be less risky than HEDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.