FEP vs GHY

Comparison between FIRST TRUST EUROPE ALPHADEX FUND (FEP, ETF) and PGIM Global High Yield Fund Inc (GHY, ETF).

5-Year PerformanceFEP has outperformed GHY, delivering a return of +10.5% compared to +4.5%

FEP vs GHY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FEP(ETF)	GHY(ETF)
Net Assets	$523M	$522M
Expense Ratio	0.80%	N/A
Max Drawdown	48.63%	55.57%
Sharpe Ratio	1.08	-0.57
5Y Beta	0.72	0.44
5Y Dividends CAGR	10.37%	0.00%

Net Assets

Winner

FEP

$523M

GHY

$522M

Expense Ratio

FEP

0.80%

GHY

N/A

Max Drawdown

Winner

FEP

48.63%

GHY

55.57%

Sharpe Ratio

Winner

FEP

1.08

GHY

-0.57

5Y Beta

FEP

0.72

Winner

GHY

0.44

5Y Dividends CAGR

Winner

FEP

10.37%

GHY

0.00%

FEP vs GHY - Historical Returns

Returns include dividend reinvestment.

Period	FEP	GHY
1 month	+5.85%	+0.55%
3 months	+3.15%	-0.31%
6 months	+4.37%	-3.98%
1 year	+24.31%	-3.23%
5 years(CAGR)	+10.53%	+4.46%
10 years(CAGR)	+10.79%	+6.70%
Max(CAGR)	+7.34%	+5.43%

Winner

FEP

+5.85%

GHY

+0.55%

Winner

FEP

+3.15%

GHY

-0.31%

Winner

FEP

+4.37%

GHY

-3.98%

Winner

FEP

+24.31%

GHY

-3.23%

5Y(CAGR)

Winner

FEP

+10.53%

GHY

+4.46%

10Y(CAGR)

Winner

FEP

+10.79%

GHY

+6.70%

Max(CAGR)

Winner

FEP

+7.34%

GHY

+5.43%

FEP vs GHY - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	FEP	GHY
2026	+13.81%	+0.18%
2025	+56.41%	+8.75%
2024	+4.29%	+18.99%
2023	+15.39%	+16.12%
2022	-23.82%	-19.80%
2021	+14.42%	+13.81%
2020	+2.99%	+6.26%
2019	+25.41%	+25.23%
2018	-19.85%	-4.14%
2017	+35.74%	+4.57%
2016	+2.35%	+14.99%
2015	+3.13%	-2.05%
2014	-8.86%	+1.79%
2013	+29.74%	-5.63%
2012	+23.47%	+0.20%
2011	-29.10%	N/A

FEP vs GHY Drawdown Comparison

The maximum drawdown for FEP was -46.03%, occurring on Mar 18, 2020. Recovery took 741 trading sessions.

The maximum drawdown for GHY was -41.30%, occurring on Mar 23, 2020. Recovery took 200 trading sessions.

The current GHY drawdown is -4.95%.

Rank	FEP	GHY
#1	-46.03% Jan 26, 2018 - Jan 6, 2021	-41.30% Feb 19, 2020 - Dec 2, 2020
#2	-39.01% Sep 2, 2021 - Feb 18, 2025	-29.44% Sep 13, 2021 - Jun 12, 2024
#3	-34.70% May 3, 2011 - Aug 2, 2013	-16.36% Mar 25, 2025 - Jun 12, 2025
#4	-26.29% Jun 6, 2014 - May 2, 2017	-14.81% Jun 17, 2014 - Jun 6, 2016
#5	-15.83% Mar 19, 2025 - Apr 29, 2025	-13.72% Jan 16, 2013 - Jun 13, 2014
#6	-12.13% Feb 25, 2026 - May 6, 2026	-11.93% Feb 13, 2026 - Mar 30, 2026
#7	-7.79% Jun 7, 2021 - Aug 13, 2021	-7.87% Jul 9, 2025 - Feb 12, 2026
#8	-7.41% Jan 15, 2014 - Feb 13, 2014	-7.75% Oct 11, 2017 - Jan 30, 2019
#9	-6.01% Apr 2, 2014 - Jun 6, 2014	-6.76% Aug 31, 2016 - Jan 11, 2017
#10	-5.42% Aug 9, 2013 - Sep 10, 2013	-4.13% Jun 30, 2021 - Aug 5, 2021
#11	-4.99% Oct 3, 2025 - Dec 4, 2025	-4.05% Nov 8, 2024 - Nov 22, 2024
#12	-4.71% May 26, 2026 - Jul 30, 2026	-3.80% Dec 6, 2024 - Jan 6, 2025
#13	-4.38% Aug 22, 2025 - Sep 30, 2025	-3.64% Jul 18, 2019 - Sep 12, 2019
#14	-4.36% Jan 8, 2021 - Feb 11, 2021	-3.46% Jan 27, 2025 - Feb 5, 2025
#15	-4.14% Mar 6, 2014 - Apr 2, 2014	-3.19% Jun 20, 2016 - Jul 14, 2016

Correlation

Correlation between FEP and GHY is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2011 - 2026)

FEP vs GHY dividend yield comparison.

Year	FEP	GHY
2026	1.44%	6.31%
2025	3.33%	10.21%
2024	4.94%	10.23%
2023	3.27%	11.09%
2022	3.00%	11.62%
2021	3.49%	8.35%
2020	2.32%	8.67%
2019	2.63%	8.04%
2018	2.62%	7.72%
2017	1.65%	7.77%
2016	2.14%	8.53%
2015	2.20%	10.07%
2014	2.46%	11.02%
2013	1.55%	8.65%
2012	2.15%	0.00%
2011	2.23%	0.00%