FAB vs VFL

Comparison between FIRST TRUST MULTI CAP VALUE ALPHADEX FUND (FAB, ETF) and abrdn National Municipal Income Fund (VFL, ETF).

5-Year PerformanceFAB has outperformed VFL, delivering a return of +8.0% compared to -1.0%

FAB vs VFL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FAB(ETF)	VFL(ETF)
Net Assets	$139M	$139M
Expense Ratio	0.66%	N/A
Max Drawdown	64.25%	55.62%
Sharpe Ratio	1.59	0.88
5Y Beta	0.79	0.12
P/E Ratio	13.79	N/A
Forward P/E	11.94	N/A
5Y Dividends CAGR	10.99%	1.23%
5Y EPS CAGR	10.16%	N/A
Debt to Equity	60.67%	N/A
P/S Ratio	1.02	N/A
P/B Ratio	1.56	N/A

Net Assets

Winner

FAB

$139M

VFL

$139M

Expense Ratio

FAB

0.66%

VFL

N/A

Max Drawdown

FAB

64.25%

Winner

VFL

55.62%

Sharpe Ratio

Winner

FAB

1.59

VFL

0.88

5Y Beta

FAB

0.79

Winner

VFL

0.12

P/E Ratio

FAB

13.79

VFL

N/A

Forward P/E

FAB

11.94

VFL

N/A

5Y Dividends CAGR

Winner

FAB

10.99%

VFL

1.23%

5Y EPS CAGR

FAB

10.16%

VFL

N/A

Debt to Equity

FAB

60.67%

VFL

N/A

P/S Ratio

FAB

1.02

VFL

N/A

P/B Ratio

FAB

1.56

VFL

N/A

FAB vs VFL - Historical Returns

Returns include dividend reinvestment.

Period	FAB	VFL
1 month	+0.95%	-0.19%
3 months	+3.40%	+0.81%
6 months	+12.26%	+3.40%
1 year	+28.26%	+12.00%
5 years(CAGR)	+8.04%	-1.00%
10 years(CAGR)	+10.37%	+1.56%
Max(CAGR)	+8.13%	+4.71%

Winner

FAB

+0.95%

VFL

-0.19%

Winner

FAB

+3.40%

VFL

+0.81%

Winner

FAB

+12.26%

VFL

+3.40%

Winner

FAB

+28.26%

VFL

+12.00%

5Y(CAGR)

Winner

FAB

+8.04%

VFL

-1.00%

10Y(CAGR)

Winner

FAB

+10.37%

VFL

+1.56%

Max(CAGR)

Winner

FAB

+8.13%

VFL

+4.71%

FAB vs VFL - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FAB	VFL
2026	+10.74%	+1.85%
2025	+10.19%	+5.97%
2024	+7.26%	+3.50%
2023	+15.87%	+2.56%
2022	-7.19%	-23.16%
2021	+33.07%	+12.13%
2020	+2.60%	+3.56%
2019	+22.41%	+15.05%
2018	-14.84%	-6.32%
2017	+13.64%	+5.40%
2016	+27.30%	+5.52%
2015	-12.03%	+6.09%
2014	+8.96%	+18.44%
2013	+34.20%	-13.74%
2012	+15.85%	+14.02%
2011	-0.66%	+11.07%
2010	+20.64%	+2.14%
2009	+48.36%	+34.94%
2008	-34.65%	-20.25%
2007	-14.50%	-11.93%
2006	N/A	-5.69%
2005	N/A	+2.50%
2004	N/A	+13.26%
2003	N/A	+13.11%
2002	N/A	+12.72%
2001	N/A	+12.08%
2000	N/A	+16.39%
1999	N/A	-2.03%

FAB vs VFL Drawdown Comparison

The maximum drawdown for FAB was -63.30%, occurring on Mar 6, 2009. Recovery took 911 trading sessions.

The maximum drawdown for VFL was -45.26%, occurring on Dec 4, 2008. Recovery took 1399 trading sessions.

The current FAB drawdown is -0.17%. The current VFL drawdown is -9.84%.

Rank	FAB	VFL
#1	-63.30% Jun 4, 2007 - Jan 12, 2011	-45.26% Mar 7, 2006 - Sep 23, 2011
#2	-47.08% Jan 16, 2020 - Nov 24, 2020	-39.04% Dec 22, 2021 - Oct 25, 2023
#3	-26.51% Apr 15, 2015 - Nov 14, 2016	-29.96% Mar 4, 2020 - Jan 21, 2021
#4	-24.24% May 10, 2011 - Feb 3, 2012	-22.70% Dec 6, 2012 - Jan 15, 2015
#5	-22.91% Nov 25, 2024 - Nov 28, 2025	-16.39% Feb 4, 2004 - Oct 25, 2004
#6	-21.27% Sep 21, 2018 - Dec 16, 2019	-14.76% Jul 9, 2003 - Dec 17, 2003
#7	-20.63% Jan 14, 2022 - Jan 31, 2023	-14.66% Jan 5, 2005 - Jun 7, 2005
#8	-16.47% Feb 2, 2023 - Dec 14, 2023	-13.51% Jul 8, 2016 - May 10, 2019
#9	-14.42% Mar 26, 2012 - Sep 13, 2012	-13.37% Sep 2, 2005 - Mar 7, 2006
#10	-10.94% Jul 3, 2014 - Dec 29, 2014	-8.91% Sep 9, 2002 - Apr 30, 2003
#11	-10.04% Jan 26, 2018 - Sep 20, 2018	-8.00% Aug 20, 2019 - Feb 18, 2020
#12	-8.92% Sep 14, 2012 - Dec 18, 2012	-6.54% Nov 2, 1999 - Jun 21, 2000
#13	-7.76% Jun 8, 2021 - Oct 20, 2021	-6.07% Sep 28, 2011 - Jan 12, 2012
#14	-7.35% Jul 31, 2024 - Oct 14, 2024	-5.48% Feb 2, 2015 - Oct 28, 2015
#15	-7.00% Dec 29, 2014 - Feb 12, 2015	-5.45% Jun 7, 2005 - Aug 22, 2005

Correlation

Correlation between FAB and VFL is 0.84 which considered as a strong positive correlation - the stocks tend to move together.

0.84

-101

Dividend Comparison (1999 - 2026)

FAB vs VFL dividend yield comparison.

Year	FAB	VFL
2026	0.37%	2.46%
2025	1.57%	5.84%
2024	2.00%	5.31%
2023	1.94%	4.43%
2022	1.80%	5.21%
2021	1.32%	4.42%
2020	1.59%	4.32%
2019	1.75%	5.14%
2018	1.96%	5.04%
2017	1.42%	4.60%
2016	1.40%	5.32%
2015	1.62%	5.97%
2014	1.39%	5.77%
2013	1.05%	5.95%
2012	2.27%	4.13%
2011	1.16%	4.18%
2010	1.19%	4.30%
2009	1.37%	4.15%
2008	2.54%	6.28%
2007	0.54%	5.92%
2006	0.00%	6.45%
2005	0.00%	7.56%
2004	0.00%	6.49%
2003	0.00%	6.35%
2002	0.00%	5.95%
2001	0.00%	5.00%
2000	0.00%	5.71%
1999	0.00%	1.05%