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FEM vs SPY

Comparison between FIRST TRUST EMERGING MARKETS ALPHADEX FUND (FEM, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed FEM, delivering a return of +13.3% compared to +6.3%

FEM vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
FEM
$742M
Winner
SPY
$735B
Expense Ratio
FEM
0.80%
Winner
SPY
0.09%
Max Drawdown
Winner
FEM
49.78%
SPY
56.47%
Sharpe Ratio
FEM
1.54
Winner
SPY
1.62
5Y Beta
Winner
FEM
0.66
SPY
1.00
P/E Ratio
FEM
N/A
SPY
28.99
Forward P/E
FEM
N/A
SPY
22.37
5Y Dividends CAGR
FEM
4.66%
Winner
SPY
5.43%
5Y EPS CAGR
FEM
N/A
SPY
26.05%
Debt to Equity
FEM
N/A
SPY
32.40%
P/S Ratio
FEM
N/A
SPY
3.74
P/B Ratio
FEM
N/A
SPY
5.61

FEM vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
FEM
-6.60%
Winner
SPY
+1.90%
3M
FEM
+5.36%
Winner
SPY
+8.55%
6M
Winner
FEM
+15.85%
SPY
+8.18%
1Y
Winner
FEM
+34.98%
SPY
+25.79%
5Y(CAGR)
FEM
+6.25%
Winner
SPY
+13.32%
10Y(CAGR)
FEM
+9.14%
Winner
SPY
+15.19%
Max(CAGR)
FEM
+3.71%
Winner
SPY
+8.47%

FEM vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearFEMSPY
2026+12.63%+8.26%
2025+28.57%+18.00%
2024+3.92%+25.59%
2023+10.62%+26.72%
2022-15.44%-18.64%
2021+5.51%+30.52%
2020-3.18%+17.28%
2019+20.62%+31.09%
2018-16.98%-5.24%
2017+39.11%+20.78%
2016+18.71%+13.59%
2015-13.48%+1.31%
2014-8.74%+14.56%
2013-5.37%+29.00%
2012+18.21%+14.17%
2011-23.58%+0.85%
2010N/A+13.14%
2009N/A+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

FEM vs SPY Drawdown Comparison

The maximum drawdown for FEM was -46.21%, occurring on Mar 18, 2020. Recovery took 825 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current FEM drawdown is -7.20%. The current SPY drawdown is -2.90%.

RankFEMSPY
#1-46.21%
Jan 26, 2018 - May 7, 2021
-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-41.78%
Apr 27, 2011 - Aug 24, 2017
-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-31.71%
Sep 13, 2021 - May 17, 2024
-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-18.82%
May 17, 2024 - Jun 11, 2025
-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-9.31%
Feb 25, 2026 - Apr 9, 2026
-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-8.61%
Jun 2, 2021 - Sep 7, 2021
-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-7.20%
May 11, 2026 - Jun 5, 2026
-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-7.06%
Oct 5, 2017 - Jan 2, 2018
-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-4.85%
Nov 12, 2025 - Dec 23, 2025
-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-4.67%
Sep 20, 2017 - Oct 5, 2017
-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-4.66%
Jan 28, 2026 - Feb 11, 2026
-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-4.53%
Sep 22, 2025 - Nov 3, 2025
-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-4.32%
May 7, 2021 - Jun 1, 2021
-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-3.00%
Jun 12, 2025 - Jun 26, 2025
-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-2.79%
Jul 24, 2025 - Aug 6, 2025
-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between FEM and SPY is 0.87 which considered as a strong positive correlation - the stocks tend to move together.

0.87
-101

Dividend Comparison (1999 - 2026)

FEM vs SPY dividend yield comparison.

YearFEMSPY
20260.11%0.24%
20253.13%1.07%
20243.66%1.21%
20234.96%1.40%
20226.15%1.65%
20214.15%1.20%
20202.68%1.52%
20193.31%1.75%
20183.52%2.04%
20172.45%1.80%
20162.25%2.03%
20153.61%2.06%
20142.85%1.87%
20132.62%1.81%
20122.21%2.18%
20110.92%2.05%
20100.00%1.80%
20090.00%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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