SLVP vs. FDT

Last updated Jun 13, 2026

SLVP (iShares MSCI Global Silver and Metals Miners ETF) and FDT (First Trust Developed Markets ex-US AlphaDEX Fund) are both exchange-traded funds - SLVP is a Silver fund tracking the MSCI ACWI Select Silver Miners Investable Market Index, while FDT is a Foreign Large Cap Equities fund tracking the NASDAQ AlphaDEX DM Ex-US Index. Both are passively managed. Over the past 10 years, SLVP returned 12.67%/yr vs 11.17%/yr for FDT. At a 0.37 correlation, their price movements are largely independent. SLVP charges 0.39%/yr vs 0.80%/yr for FDT.

Performance

SLVP vs. FDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Global Silver and Metals Miners ETF (SLVP) 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, SLVP achieves a -5.37% return, which is significantly lower than FDT's 23.23% return. Over the past 10 years, SLVP has outperformed FDT with an annualized return of 12.67%, while FDT has yielded a comparatively lower 11.17% annualized return.

SLVP

• 1D: 3.38%
• 1M: -18.46%
• YTD: -5.37%
• 6M: -0.60%
• 1Y: 81.81%
• 3Y*: 48.97%
• 5Y*: 14.15%
• 10Y*: 12.67%

FDT

• 1D: 0.21%
• 1M: -1.96%
• YTD: 23.23%
• 6M: 24.33%
• 1Y: 50.01%
• 3Y*: 27.84%
• 5Y*: 12.16%
• 10Y*: 11.17%

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

SLVP vs. FDT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLVP iShares MSCI Global Silver and Metals Miners ETF	-5.37%	202.84%	14.47%	-2.31%	-18.06%	-23.53%	56.45%	37.71%	-22.10%	4.53%
FDT First Trust Developed Markets ex-US AlphaDEX Fund	23.23%	52.21%	6.97%	15.03%	-19.51%	11.43%	4.29%	16.82%	-19.98%	34.42%

Correlation

The correlation between SLVP and FDT is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Feb 2, 2012	0.37

Over the past year, SLVP and FDT have become more correlated (0.61) than their long-term average of 0.37, meaning their price movements have been converging.

SLVP vs. FDT - Sectors Allocation Comparison

Sectors	SLVP	FDT
Basic Materials	100.0%	9.6%
Communication Services	-	2.7%
Consumer Cyclical	-	11.5%
Consumer Defensive	-	2.8%
Energy	-	9.2%
Financial Services	-	10.2%
Healthcare	-	1.4%
Industrials	-	34.0%
Real Estate	-	5.3%
Technology	-	8.1%
Utilities	-	5.2%

Return for Risk

SLVP vs. FDT — Risk / Return Rank

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

SLVP

SLVP Risk / Return Rank: 46
SLVP Sharpe Ratio Rank: 51
SLVP Sortino Ratio Rank: 43
SLVP Omega Ratio Rank: 46
SLVP Calmar Ratio Rank: 50
SLVP Martin Ratio Rank: 41

FDT

FDT Risk / Return Rank: 84
FDT Sharpe Ratio Rank: 88
FDT Sortino Ratio Rank: 84
FDT Omega Ratio Rank: 86
FDT Calmar Ratio Rank: 80
FDT Martin Ratio Rank: 82

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.

SLVP vs. FDT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Silver and Metals Miners ETF (SLVP) 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.

	SLVP	FDT	Difference
Sharpe ratio: Return per unit of total volatility	1.54	2.54	-1.00
Sortino ratio: Return per unit of downside risk	1.95	3.27	-1.32
Omega ratio: Gain probability vs. loss probability	1.26	1.46	-0.20
Calmar ratio: Return relative to maximum drawdown	2.21	3.70	-1.50
Martin ratio: Return relative to average drawdown	5.86	14.01	-8.16

SLVP vs. FDT - Sharpe Ratio Comparison

The current SLVP Sharpe Ratio is 1.54, which is lower than the FDT Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of SLVP 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

SLVP vs. FDT - Drawdown Comparison

The maximum SLVP drawdown since its inception was -80.47%, which is greater than FDT's maximum drawdown of -46.10%. Use the drawdown chart below to compare losses from any high point for SLVP and FDT.

Drawdown Indicators

	SLVP	FDT	Difference
Max Drawdown Largest peak-to-trough decline	-80.47%	-46.10%	-34.37%
Max Drawdown (1Y) Largest decline over 1 year	-38.06%	-13.41%	-24.65%
Max Drawdown (3Y) Largest decline over 3 years	-38.06%	-14.29%	-23.77%
Max Drawdown (5Y) Largest decline over 5 years	-53.17%	-32.80%	-20.37%
Max Drawdown (10Y) Largest decline over 10 years	-62.03%	-46.10%	-15.93%
Current Drawdown Current decline from peak	-31.74%	-3.37%	-28.37%
Average Drawdown Average peak-to-trough decline	-46.78%	-10.76%	-36.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.31%	3.54%	+10.77%

Volatility

SLVP vs. FDT - Volatility Comparison

iShares MSCI Global Silver and Metals Miners ETF (SLVP) has a higher volatility of 19.61% compared to First Trust Developed Markets ex-US AlphaDEX Fund (FDT) at 8.93%. This indicates that SLVP's price experiences larger fluctuations and is considered to be riskier than FDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLVP	FDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.61%	8.93%	+10.68%
Volatility (6M) Calculated over the trailing 6-month period	45.17%	17.27%	+27.90%
Volatility (1Y) Calculated over the trailing 1-year period	54.53%	19.59%	+34.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.15%	18.46%	+24.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.45%	18.62%	+23.83%

SLVP vs. FDT - Expense Ratio Comparison

SLVP has a 0.39% expense ratio, which is lower than FDT's 0.80% expense ratio.

Dividends

SLVP vs. FDT - Dividend Comparison

SLVP's dividend yield for the trailing twelve months is around 1.88%, less than FDT's 2.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDT First Trust Developed Markets ex-US AlphaDEX Fund	2.89%	3.27%	3.89%	4.36%	2.29%	3.80%	2.42%	2.78%	2.13%	1.57%	1.76%	1.83%
SLVP iShares MSCI Global Silver and Metals Miners ETF	1.88%	1.78%	1.05%	0.88%	0.63%	1.63%	2.39%	2.03%	1.28%	0.85%	2.32%	0.72%

Frequently Asked Questions

Can I hold both SLVP and FDT in my portfolio?

SLVP and FDT have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SLVP or FDT?

SLVP has higher volatility (19.61%) compared to FDT (8.93%). In terms of maximum drawdown, SLVP dropped -80.47% vs FDT's -46.10%.

Which ETF is better, SLVP or FDT?

On 10-year performance, SLVP leads with 12.67% vs 11.17% for FDT. On fees, SLVP is cheaper at 0.39% per year. On volatility, FDT has been the lower-risk option at 8.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SLVP or FDT?

Over the 10-year period, SLVP has performed better with a 12.67% return vs 11.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SLVP or FDT?

SLVP is cheaper with a 0.39% expense ratio, compared with 0.80% for FDT.

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

FDT has the higher dividend yield at 2.89%, compared with 1.88% for SLVP.

What is the main difference between SLVP and FDT?

SLVP is categorized as Silver, while FDT is Foreign Large Cap Equities. SLVP tracks MSCI ACWI Select Silver Miners Investable Market Index, while FDT tracks NASDAQ AlphaDEX DM Ex-US Index. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.39% for SLVP and 0.80% for FDT.

Which has better risk-adjusted returns?

FDT currently has the higher Sharpe Ratio (2.54 vs 1.54), 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.