FAD vs IQI

Comparison between FIRST TRUST MULTI CAP GROWTH ALPHADEX FUND (FAD, ETF) and Invesco Quality Municipal Income Trust (IQI, ETF).

5-Year PerformanceFAD has outperformed IQI, delivering a return of +11.3% compared to +0.4%

FAD vs IQI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FAD(ETF)	IQI(ETF)
Net Assets	$537M	$535M
Expense Ratio	0.63%	N/A
Max Drawdown	54.47%	55.16%
Sharpe Ratio	1.43	1.15
5Y Beta	1.11	0.23
P/E Ratio	59.48	N/A
Forward P/E	20.85	N/A
5Y Dividends CAGR	-11.95%	4.18%
5Y EPS CAGR	14.96%	N/A
Debt to Equity	24.99%	N/A
P/S Ratio	3.11	N/A
P/B Ratio	4.80	N/A

Net Assets

Winner

FAD

$537M

IQI

$535M

Expense Ratio

FAD

0.63%

IQI

N/A

Max Drawdown

Winner

FAD

54.47%

IQI

55.16%

Sharpe Ratio

Winner

FAD

1.43

IQI

1.15

5Y Beta

FAD

1.11

Winner

IQI

0.23

P/E Ratio

FAD

59.48

IQI

N/A

Forward P/E

FAD

20.85

IQI

N/A

5Y Dividends CAGR

FAD

-11.95%

Winner

IQI

4.18%

5Y EPS CAGR

FAD

14.96%

IQI

N/A

Debt to Equity

FAD

24.99%

IQI

N/A

P/S Ratio

FAD

3.11

IQI

N/A

P/B Ratio

FAD

4.80

IQI

N/A

FAD vs IQI - Historical Returns

Returns include dividend reinvestment.

Period	FAD	IQI
1 month	+7.52%	+4.27%
3 months	+20.56%	+2.02%
6 months	+19.34%	+4.08%
1 year	+37.20%	+15.09%
5 years(CAGR)	+11.31%	+0.38%
10 years(CAGR)	+14.90%	+2.64%
Max(CAGR)	+10.73%	+5.35%

Winner

FAD

+7.52%

IQI

+4.27%

Winner

FAD

+20.56%

IQI

+2.02%

Winner

FAD

+19.34%

IQI

+4.08%

Winner

FAD

+37.20%

IQI

+15.09%

5Y(CAGR)

Winner

FAD

+11.31%

IQI

+0.38%

10Y(CAGR)

Winner

FAD

+14.90%

IQI

+2.64%

Max(CAGR)

Winner

FAD

+10.73%

IQI

+5.35%

FAD vs IQI - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FAD	IQI
2026	+18.20%	+4.78%
2025	+16.74%	+8.56%
2024	+25.55%	+9.98%
2023	+20.72%	+4.31%
2022	-23.32%	-27.10%
2021	+22.92%	+9.25%
2020	+34.73%	+8.86%
2019	+27.81%	+15.59%
2018	-6.71%	-4.47%
2017	+24.65%	+6.13%
2016	+8.80%	+2.85%
2015	+2.91%	+8.13%
2014	+9.46%	+19.39%
2013	+35.86%	-14.68%
2012	+9.99%	+7.81%
2011	-1.93%	+19.74%
2010	+24.37%	+8.35%
2009	+30.88%	+33.00%
2008	-38.05%	-20.84%
2007	+1.78%	-8.00%
2006	N/A	+10.77%
2005	N/A	+10.91%
2004	N/A	+1.23%
2003	N/A	+11.68%
2002	N/A	+7.07%
2001	N/A	+9.01%
2000	N/A	+16.17%
1999	N/A	-6.11%

FAD vs IQI Drawdown Comparison

The maximum drawdown for FAD was -54.33%, occurring on Mar 6, 2009. Recovery took 841 trading sessions.

The maximum drawdown for IQI was -50.21%, occurring on Oct 10, 2008. Recovery took 692 trading sessions.

The current IQI drawdown is -2.91%.

Rank	FAD	IQI
#1	-54.33% Oct 10, 2007 - Feb 10, 2011	-50.21% May 7, 2007 - Feb 3, 2010
#2	-37.25% Feb 19, 2020 - Jul 30, 2020	-35.34% Jul 29, 2021 - Oct 25, 2023
#3	-31.99% Nov 16, 2021 - Jul 16, 2024	-26.28% Mar 4, 2020 - Nov 24, 2020
#4	-27.00% Sep 14, 2018 - Dec 20, 2019	-22.85% Jul 25, 2012 - Jan 13, 2015
#5	-24.87% Jul 7, 2011 - Jan 4, 2013	-18.18% Sep 30, 2010 - Oct 28, 2011
#6	-23.55% Dec 4, 2024 - Jul 23, 2025	-13.33% Aug 18, 2016 - Apr 10, 2019
#7	-16.92% Jul 16, 2015 - Jul 11, 2016	-11.24% Mar 23, 2004 - Feb 4, 2005
#8	-12.36% Feb 12, 2021 - Jun 24, 2021	-10.07% Jun 17, 2003 - Jan 15, 2004
#9	-11.08% Jul 3, 2014 - Nov 11, 2014	-9.68% Nov 5, 1999 - Feb 3, 2000
#10	-10.95% Jul 19, 2007 - Oct 10, 2007	-9.35% Feb 2, 2015 - Dec 1, 2015
#11	-10.66% Jan 22, 2026 - Apr 14, 2026	-8.54% Sep 12, 2000 - Jan 2, 2001
#12	-9.36% Oct 27, 2025 - Dec 11, 2025	-7.40% Mar 1, 2012 - Jun 11, 2012
#13	-9.33% Jan 26, 2018 - Mar 9, 2018	-7.23% Oct 2, 2002 - Feb 27, 2003
#14	-9.04% Apr 29, 2011 - Jul 7, 2011	-7.19% Feb 4, 2002 - Jul 10, 2002
#15	-9.01% Jul 16, 2024 - Aug 30, 2024	-7.14% Feb 8, 2000 - Jul 18, 2000

Correlation

Correlation between FAD and IQI is 0.85 which considered as a strong positive correlation - the stocks tend to move together.

0.85

-101

Dividend Comparison (2000 - 2026)

FAD vs IQI dividend yield comparison.

Year	FAD	IQI
2026	0.01%	3.77%
2025	0.09%	7.60%
2024	0.59%	6.48%
2023	0.51%	4.70%
2022	0.60%	5.82%
2021	0.09%	4.53%
2020	0.32%	4.61%
2019	0.48%	4.88%
2018	0.20%	6.04%
2017	0.22%	5.33%
2016	0.64%	6.15%
2015	0.41%	6.08%
2014	0.44%	6.24%
2013	0.31%	7.39%
2012	1.40%	6.43%
2011	0.31%	6.46%
2010	0.29%	6.96%
2009	0.15%	6.59%
2008	0.23%	7.30%
2007	0.11%	5.66%
2006	0.00%	6.73%
2005	0.00%	7.70%
2004	0.00%	6.33%
2003	0.00%	8.51%
2002	0.00%	8.43%
2001	0.00%	8.85%
2000	0.00%	2.65%