FEX vs SPY
Comparison between First Trust Large Cap Core AlphaDEX Fund (FEX, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed FEX, delivering a return of +13.3% compared to +10.5%
FEX vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FEX
$1.40B
Winner
SPY
$652B
Expense Ratio
FEX
0.57%
Winner
SPY
0.09%
Max Drawdown
FEX
59.67%
Winner
SPY
56.47%
Sharpe Ratio
FEX
1.88
Winner
SPY
2.07
5Y Beta
Winner
FEX
0.86
SPY
1.00
P/E Ratio
Winner
FEX
22.24
SPY
28.24
Forward P/E
Winner
FEX
16.41
SPY
21.85
PEG Ratio
FEX
0.19
SPY
N/A
5Y Dividends CAGR
Winner
FEX
10.45%
SPY
5.43%
5Y EPS CAGR
FEX
13.28%
Winner
SPY
25.79%
Debt to Equity
FEX
62.20%
Winner
SPY
22.35%
P/S Ratio
Winner
FEX
2.04
SPY
3.55
P/B Ratio
Winner
FEX
2.90
SPY
5.29
FEX vs SPY - Holdings Comparison
FEX and SPY have 294 common holdings. Overlap is 30.52%
FEX's top 25 holdings weight is 12.89%. SPY's top 25 holdings weight is 51.32%.
| Rank | FEX | SPY |
|---|---|---|
| #1 | BLOOM ENERGY CORP CLASS A (BE) - 0.70% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | SANDISK CORP ORDINARY SHARES (SNDK) - 0.66% | APPLE INC (AAPL) - 6.48% |
| #3 | MICRON TECHNOLOGY INC (MU) - 0.62% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 0.62% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | WESTERN DIGITAL CORP (WDC) - 0.60% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | TERADYNE INC (TER) - 0.54% | BROADCOM INC (AVGO) - 3.09% |
| #7 | ADVANCED MICRO DEVICES INC (AMD) - 0.53% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | ELEVANCE HEALTH INC (ELV) - 0.52% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | n/a (DELL) - 0.52% | TESLA INC (TSLA) - 1.73% |
| #10 | COMFORT SYSTEMS USA INC (FIX) - 0.52% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | MARVELL TECHNOLOGY INC (MRVL) - 0.52% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | GE VERNOVA INC (GEV) - 0.52% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | CIENA CORP (CIEN) - 0.51% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | VERTIV HOLDINGS CO CLASS A (VRT) - 0.51% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC (MTSI) - 0.50% | WALMART INC (WMT) - 0.91% |
| #16 | SUPER MICRO COMPUTER INC (SMCI) - 0.50% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | API GROUP CORP (APG) - 0.50% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | KEYSIGHT TECHNOLOGIES INC (KEYS) - 0.49% | VISA INC CLASS A (V) - 0.85% |
| #19 | MKS INC (MKSI) - 0.49% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | MASTEC INC (MTZ) - 0.49% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | AMERICAN INTERNATIONAL GROUP INC (AIG) - 0.41% | INTEL CORP (INTC) - 0.65% |
| #22 | EVERSOURCE ENERGY (ES) - 0.41% | NETFLIX INC (NFLX) - 0.64% |
| #23 | DEVON ENERGY CORP (DVN) - 0.41% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | COMCAST CORP CLASS A (CMCSA) - 0.40% | CHEVRON CORP (CVX) - 0.58% |
| #25 | STATE STREET CORP (STT) - 0.40% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 338 | 505 |
FEX vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
FEX
+4.18%
Winner
SPY
+9.11%
3M
FEX
+3.84%
Winner
SPY
+6.59%
6M
Winner
FEX
+13.58%
SPY
+10.56%
1Y
FEX
+29.80%
Winner
SPY
+32.04%
5Y(CAGR)
FEX
+10.49%
Winner
SPY
+13.35%
10Y(CAGR)
FEX
+12.97%
Winner
SPY
+15.49%
Max(CAGR)
Winner
FEX
+9.48%
SPY
+8.50%
FEX vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | FEX | SPY |
|---|---|---|
| 2026 | +9.65% | +8.27% |
| 2025 | +14.88% | +18.00% |
| 2024 | +17.28% | +25.59% |
| 2023 | +14.99% | +26.72% |
| 2022 | -11.35% | -18.64% |
| 2021 | +28.75% | +30.52% |
| 2020 | +13.71% | +17.28% |
| 2019 | +26.87% | +31.09% |
| 2018 | -10.52% | -5.24% |
| 2017 | +20.59% | +20.78% |
| 2016 | +15.75% | +13.59% |
| 2015 | -3.92% | +1.31% |
| 2014 | +13.46% | +14.56% |
| 2013 | +32.85% | +29.00% |
| 2012 | +13.91% | +14.17% |
| 2011 | -1.50% | +0.85% |
| 2010 | +18.94% | +13.14% |
| 2009 | +32.21% | +22.67% |
| 2008 | -37.71% | -36.25% |
| 2007 | -5.39% | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
FEX vs SPY Drawdown Comparison
The maximum drawdown for FEX was -58.81%, occurring on Mar 6, 2009. Recovery took 908 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current FEX drawdown is -0.95%.
| Rank | FEX | SPY |
|---|---|---|
| #1 | -58.81% Jul 13, 2007 - Feb 17, 2011 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -39.51% Feb 19, 2020 - Oct 12, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -21.98% Sep 20, 2018 - Jul 12, 2019 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -21.97% Apr 29, 2011 - Mar 13, 2012 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -21.27% Nov 16, 2021 - Dec 14, 2023 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -19.58% Nov 29, 2024 - Jul 22, 2025 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -18.22% May 21, 2015 - Jul 22, 2016 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -12.31% Mar 26, 2012 - Sep 13, 2012 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -9.96% Jan 26, 2018 - Aug 27, 2018 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -9.11% Sep 5, 2014 - Nov 11, 2014 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -7.50% Jul 24, 2019 - Nov 7, 2019 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -6.89% Sep 14, 2012 - Dec 18, 2012 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -6.59% Jul 16, 2024 - Aug 23, 2024 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.23% Feb 20, 2026 - Apr 13, 2026 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -6.19% Dec 31, 2013 - Feb 20, 2014 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between FEX and SPY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (1999 - 2026)
FEX vs SPY dividend yield comparison.
| Year | FEX | SPY |
|---|---|---|
| 2026 | 0.22% | 0.24% |
| 2025 | 1.10% | 1.07% |
| 2024 | 1.18% | 1.21% |
| 2023 | 1.38% | 1.40% |
| 2022 | 1.61% | 1.65% |
| 2021 | 0.80% | 1.20% |
| 2020 | 1.21% | 1.52% |
| 2019 | 1.32% | 1.75% |
| 2018 | 1.34% | 2.04% |
| 2017 | 1.07% | 1.80% |
| 2016 | 1.29% | 2.03% |
| 2015 | 1.33% | 2.06% |
| 2014 | 1.30% | 1.87% |
| 2013 | 1.02% | 1.81% |
| 2012 | 2.36% | 2.18% |
| 2011 | 1.09% | 2.05% |
| 2010 | 0.89% | 1.80% |
| 2009 | 0.89% | 1.95% |
| 2008 | 1.70% | 3.02% |
| 2007 | 0.58% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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