TCV vs. FYT
TCV (Towle Value ETF) and FYT (First Trust Small Cap Value AlphaDEX Fund) are both Small Cap Value Equities funds. TCV is actively managed, while FYT is passively managed. A 0.78 correlation means they provide meaningful diversification when combined. TCV charges 0.85%/yr vs 0.72%/yr for FYT.
Performance
TCV vs. FYT - Performance Comparison
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Returns By Period
In the year-to-date period, TCV achieves a 24.97% return, which is significantly higher than FYT's 23.15% return.
TCV
- 1D
- 0.94%
- 1M
- 2.06%
- 6M
- 16.12%
- YTD
- 24.97%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FYT
- 1D
- 0.63%
- 1M
- 3.27%
- 6M
- 17.36%
- YTD
- 23.15%
- 1Y
- 32.90%
- 3Y*
- 16.29%
- 5Y*
- 8.18%
- 10Y*
- 10.56%
TCV vs. FYT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TCV Towle Value ETF | 24.97% | 2.99% |
FYT First Trust Small Cap Value AlphaDEX Fund | 23.15% | 10.93% |
Correlation
The correlation between TCV and FYT is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 17, 2025 | 0.78 |
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Return for Risk
TCV vs. FYT — Risk / Return Rank
TCV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FYT
TCV vs. FYT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Towle Value ETF (TCV) and First Trust Small Cap Value AlphaDEX Fund (FYT). 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.
| TCV | FYT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.96 | — |
| Martin ratioReturn relative to average drawdown | — | 11.26 | — |
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Drawdowns
TCV vs. FYT - Drawdown Comparison
The maximum TCV drawdown since its inception was -12.23%, smaller than the maximum FYT drawdown of -50.48%. Use the drawdown chart below to compare losses from any high point for TCV and FYT.
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Drawdown Indicators
| TCV | FYT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.23% | -50.48% | +38.25% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.34% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -28.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.48% | — |
Current DrawdownCurrent decline from peak | -0.69% | -1.42% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -8.49% | +5.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.93% | — |
Volatility
TCV vs. FYT - Volatility Comparison
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Volatility by Period
| TCV | FYT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.42% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.72% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.26% | 18.40% | +2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.26% | 22.49% | -1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.26% | 25.87% | -4.61% |
TCV vs. FYT - Expense Ratio Comparison
TCV has a 0.85% expense ratio, which is higher than FYT's 0.72% expense ratio.
Dividends
TCV vs. FYT - Dividend Comparison
TCV's dividend yield for the trailing twelve months is around 0.58%, less than FYT's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FYT First Trust Small Cap Value AlphaDEX Fund | 1.49% | 0.94% | 2.07% | 1.50% | 1.36% | 1.19% | 0.96% | 1.44% | 1.78% | 1.16% | 1.16% | 0.96% |
TCV Towle Value ETF | 0.58% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TCV and FYT have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FYT is cheaper at 0.72% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FYT is cheaper with a 0.72% expense ratio, compared with 0.85% for TCV.
FYT has the higher dividend yield at 1.49%, compared with 0.58% for TCV.
They also come from different issuers: Towle and First Trust. Their fees differ too: 0.85% for TCV and 0.72% for FYT.
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