TCHP vs. FXL
Compare and contrast key facts about T. Rowe Price Blue Chip Growth ETF (TCHP) and First Trust Technology AlphaDEX Fund (FXL).
TCHP and FXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TCHP is an actively managed fund by T. Rowe Price Group, Inc.. It was launched on Aug 4, 2020. FXL is a passively managed fund by First Trust that tracks the performance of the StrataQuant Technology Index. It was launched on May 8, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TCHP or FXL.
Key characteristics
| TCHP | FXL | |
|---|---|---|
| YTD Return | 36.22% | 18.47% |
| 1Y Return | 47.93% | 38.16% |
| 3Y Return (Ann) | 7.11% | 3.41% |
| Sharpe Ratio | 2.69 | 1.79 |
| Sortino Ratio | 3.49 | 2.40 |
| Omega Ratio | 1.49 | 1.31 |
| Calmar Ratio | 2.63 | 1.83 |
| Martin Ratio | 14.09 | 8.26 |
| Ulcer Index | 3.31% | 4.43% |
| Daily Std Dev | 17.32% | 20.44% |
| Max Drawdown | -42.34% | -61.41% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between TCHP and FXL is 0.88, 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
TCHP vs. FXL - Performance Comparison
In the year-to-date period, TCHP achieves a 36.22% return, which is significantly higher than FXL's 18.47% 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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TCHP vs. FXL - Expense Ratio Comparison
TCHP has a 0.57% expense ratio, which is lower than FXL's 0.61% expense ratio.
Risk-Adjusted Performance
TCHP vs. FXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Blue Chip Growth ETF (TCHP) and First Trust Technology AlphaDEX Fund (FXL). 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
TCHP vs. FXL - Dividend Comparison
TCHP has not paid dividends to shareholders, while FXL's dividend yield for the trailing twelve months is around 0.34%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCHP T. Rowe Price Blue Chip Growth ETF | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXL First Trust Technology AlphaDEX Fund | 0.34% | 0.41% | 0.34% | 0.11% | 0.04% | 0.37% | 0.32% | 0.27% | 1.13% | 0.36% | 0.63% | 0.32% |
Drawdowns
TCHP vs. FXL - Drawdown Comparison
The maximum TCHP drawdown since its inception was -42.34%, smaller than the maximum FXL drawdown of -61.41%. Use the drawdown chart below to compare losses from any high point for TCHP and FXL. For additional features, visit the drawdowns tool.
Volatility
TCHP vs. FXL - Volatility Comparison
The current volatility for T. Rowe Price Blue Chip Growth ETF (TCHP) is 4.92%, while First Trust Technology AlphaDEX Fund (FXL) has a volatility of 5.95%. This indicates that TCHP experiences smaller price fluctuations and is considered to be less risky than FXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.