FEP vs NXJ

Comparison between FIRST TRUST EUROPE ALPHADEX FUND (FEP, ETF) and Nuveen New Jersey Quality Municipal Income Fund (NXJ, ETF).

5-Year PerformanceFEP has outperformed NXJ, delivering a return of +9.0% compared to +2.0%

FEP vs NXJ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FEP(ETF)	NXJ(ETF)
Net Assets	$514M	$512M
Expense Ratio	0.80%	N/A
Max Drawdown	48.63%	51.60%
Sharpe Ratio	1.31	1.69
5Y Beta	0.73	0.11
5Y Dividends CAGR	13.01%	8.36%

Net Assets

Winner

FEP

$514M

NXJ

$512M

Expense Ratio

FEP

0.80%

NXJ

N/A

Max Drawdown

Winner

FEP

48.63%

NXJ

51.60%

Sharpe Ratio

FEP

1.31

Winner

NXJ

1.69

5Y Beta

FEP

0.73

Winner

NXJ

0.11

5Y Dividends CAGR

Winner

FEP

13.01%

NXJ

8.36%

FEP vs NXJ - Historical Returns

Returns include dividend reinvestment.

Period	FEP	NXJ
1 month	-0.57%	+3.56%
3 months	+5.65%	+3.24%
6 months	+12.60%	+2.25%
1 year	+26.88%	+18.58%
5 years(CAGR)	+8.99%	+2.00%
10 years(CAGR)	+10.03%	+3.79%
Max(CAGR)	+7.00%	+4.93%

FEP

-0.57%

Winner

NXJ

+3.56%

Winner

FEP

+5.65%

NXJ

+3.24%

Winner

FEP

+12.60%

NXJ

+2.25%

Winner

FEP

+26.88%

NXJ

+18.58%

5Y(CAGR)

Winner

FEP

+8.99%

NXJ

+2.00%

10Y(CAGR)

Winner

FEP

+10.03%

NXJ

+3.79%

Max(CAGR)

Winner

FEP

+7.00%

NXJ

+4.93%

FEP vs NXJ - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	FEP	NXJ
2026	+6.78%	+0.77%
2025	+56.41%	+13.03%
2024	+4.29%	+9.63%
2023	+15.39%	+6.18%
2022	-23.82%	-22.32%
2021	+14.42%	+12.42%
2020	+2.99%	+3.35%
2019	+25.41%	+19.11%
2018	-19.85%	-1.48%
2017	+35.74%	+8.89%
2016	+2.35%	+2.84%
2015	+3.13%	+6.53%
2014	-8.86%	+13.83%
2013	+29.74%	-16.30%
2012	+23.47%	+15.41%
2011	-29.10%	+15.54%
2010	N/A	+9.23%
2009	N/A	+41.88%
2008	N/A	-26.49%
2007	N/A	-13.43%
2006	N/A	+9.82%
2005	N/A	+7.56%
2004	N/A	+6.54%
2003	N/A	+14.37%
2002	N/A	-3.25%

FEP vs NXJ Drawdown Comparison

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

The maximum drawdown for NXJ was -46.06%, occurring on Oct 10, 2008. Recovery took 838 trading sessions.

The current FEP drawdown is -3.22%. The current NXJ drawdown is -0.72%.

Rank	FEP	NXJ
#1	-46.03% Jan 26, 2018 - Jan 6, 2021	-46.06% Feb 8, 2007 - Jun 8, 2010
#2	-39.01% Sep 2, 2021 - Feb 18, 2025	-30.24% Sep 16, 2021 - Oct 15, 2025
#3	-34.70% May 3, 2011 - Aug 2, 2013	-26.43% Mar 6, 2020 - Feb 2, 2021
#4	-26.29% Jun 6, 2014 - May 2, 2017	-24.98% Nov 1, 2012 - Feb 10, 2016
#5	-15.83% Mar 19, 2025 - Apr 29, 2025	-19.47% Mar 1, 2004 - Jan 24, 2005
#6	-12.13% Feb 25, 2026 - May 6, 2026	-17.98% Nov 4, 2010 - Dec 7, 2011
#7	-7.79% Jun 7, 2021 - Aug 13, 2021	-15.81% Sep 6, 2016 - Mar 20, 2019
#8	-7.41% Jan 15, 2014 - Feb 13, 2014	-12.65% Feb 1, 2005 - Jul 1, 2005
#9	-6.01% Apr 2, 2014 - Jun 6, 2014	-12.51% Feb 17, 2006 - Dec 26, 2006
#10	-5.42% Aug 9, 2013 - Sep 10, 2013	-10.49% Sep 12, 2002 - Mar 5, 2003
#11	-4.99% Oct 3, 2025 - Dec 4, 2025	-8.81% Jul 2, 2003 - Nov 6, 2003
#12	-4.38% Aug 22, 2025 - Sep 30, 2025	-7.03% Mar 2, 2012 - May 11, 2012
#13	-4.36% Jan 8, 2021 - Feb 11, 2021	-6.83% Aug 30, 2005 - Dec 6, 2005
#14	-4.14% Mar 6, 2014 - Apr 2, 2014	-5.08% Feb 18, 2026 - Mar 27, 2026
#15	-4.10% Jul 23, 2025 - Aug 8, 2025	-5.08% Feb 11, 2021 - Apr 12, 2021

Correlation

Correlation between FEP and NXJ is 0.83 which considered as a strong positive correlation - the stocks tend to move together.

0.83

-101

Dividend Comparison (2002 - 2026)

FEP vs NXJ dividend yield comparison.

Year	FEP	NXJ
2026	0.13%	2.53%
2025	3.33%	7.45%
2024	4.94%	6.23%
2023	3.27%	3.23%
2022	3.00%	5.39%
2021	3.49%	4.56%
2020	2.32%	4.56%
2019	2.63%	4.51%
2018	2.62%	5.88%
2017	1.65%	5.14%
2016	2.14%	5.47%
2015	2.20%	6.10%
2014	2.46%	5.52%
2013	1.55%	5.34%
2012	2.15%	5.21%
2011	2.23%	5.50%
2010	0.00%	6.38%
2009	0.00%	5.35%
2008	0.00%	7.70%
2007	0.00%	5.71%
2006	0.00%	5.07%
2005	0.00%	6.47%
2004	0.00%	6.21%
2003	0.00%	6.00%
2002	0.00%	1.51%