FXL vs NHYB

Comparison between FIRST TRUST TECHNOLOGY ALPHADEX FUND (FXL, ETF) and Nuveen High Yield Corporate Bond ETF (NHYB, ETF).

FXL vs NHYB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FXL(ETF)	NHYB(ETF)
Net Assets	$1.70B	$1.70B
Expense Ratio	0.60%	0.08%
Max Drawdown	61.41%	3.23%
Sharpe Ratio	1.27	0.18
5Y Beta	1.40	0.20
P/E Ratio	28.32	N/A
Forward P/E	14.80	N/A
5Y Dividends CAGR	-17.34%	N/A
5Y EPS CAGR	22.83%	N/A
Debt to Equity	-12.91%	N/A
P/S Ratio	1.49	N/A
P/B Ratio	3.34	N/A

Net Assets

FXL

$1.70B

NHYB

$1.70B

Expense Ratio

FXL

0.60%

Winner

NHYB

0.08%

Max Drawdown

FXL

61.41%

Winner

NHYB

3.23%

Sharpe Ratio

Winner

FXL

1.27

NHYB

0.18

5Y Beta

FXL

1.40

Winner

NHYB

0.20

P/E Ratio

FXL

28.32

NHYB

N/A

Forward P/E

FXL

14.80

NHYB

N/A

5Y Dividends CAGR

FXL

-17.34%

NHYB

N/A

5Y EPS CAGR

FXL

22.83%

NHYB

N/A

Debt to Equity

FXL

-12.91%

NHYB

N/A

P/S Ratio

FXL

1.49

NHYB

N/A

P/B Ratio

FXL

3.34

NHYB

N/A

FXL vs NHYB - Historical Returns

Returns include dividend reinvestment.

Period	FXL	NHYB
1 month	+2.94%	+0.54%
3 months	+28.02%	+2.69%
6 months	+21.04%	+1.85%
1 year	+34.37%	N/A
5 years(CAGR)	+11.29%	N/A
10 years(CAGR)	+20.78%	N/A
Max(CAGR)	+13.33%	+4.39%

Winner

FXL

+2.94%

NHYB

+0.54%

Winner

FXL

+28.02%

NHYB

+2.69%

Winner

FXL

+21.04%

NHYB

+1.85%

FXL

+34.37%

NHYB

N/A

5Y(CAGR)

FXL

+11.29%

NHYB

N/A

10Y(CAGR)

FXL

+20.78%

NHYB

N/A

Max(CAGR)

Winner

FXL

+13.33%

NHYB

+4.39%

FXL vs NHYB - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	FXL	NHYB
2026	+23.00%	+1.81%
2025	+12.98%	+1.30%
2024	+19.05%	N/A
2023	+40.65%	N/A
2022	-30.11%	N/A
2021	+20.26%	N/A
2020	+51.73%	N/A
2019	+39.55%	N/A
2018	+0.95%	N/A
2017	+35.18%	N/A
2016	+17.44%	N/A
2015	-3.02%	N/A
2014	+17.50%	N/A
2013	+33.71%	N/A
2012	+7.82%	N/A
2011	-12.72%	N/A
2010	+24.42%	N/A
2009	+60.38%	N/A
2008	-47.25%	N/A
2007	+3.84%	N/A

FXL vs NHYB Drawdown Comparison

The maximum drawdown for FXL was -61.41%, occurring on Nov 20, 2008. Recovery took 799 trading sessions.

The maximum drawdown for NHYB was -2.40%, occurring on Mar 27, 2026. Recovery took 35 trading sessions.

The current FXL drawdown is -7.11%. The current NHYB drawdown is -0.18%.

Rank	FXL	NHYB
#1	-61.41% Oct 10, 2007 - Dec 10, 2010	-2.40% Feb 20, 2026 - Apr 13, 2026
#2	-38.49% Nov 9, 2021 - Feb 9, 2024	-1.18% Oct 1, 2025 - Oct 24, 2025
#3	-33.96% Feb 19, 2020 - May 29, 2020	-0.94% Oct 27, 2025 - Nov 25, 2025
#4	-31.96% Feb 17, 2011 - Jul 11, 2013	-0.89% Apr 17, 2026 - May 26, 2026
#5	-28.27% Feb 18, 2025 - Jul 25, 2025	-0.51% Jun 2, 2026 - Jun 15, 2026
#6	-25.96% Jun 3, 2015 - Nov 15, 2016	-0.36% Dec 3, 2025 - Dec 23, 2025
#7	-25.37% Sep 14, 2018 - Mar 21, 2019	-0.34% Jun 15, 2026 - Jun 17, 2026
#8	-15.54% Feb 12, 2021 - Jun 29, 2021	-0.24% Sep 24, 2025 - Sep 29, 2025
#9	-14.06% Jul 16, 2024 - Oct 14, 2024	-0.20% Jan 16, 2026 - Jan 22, 2026
#10	-13.69% Sep 18, 2014 - Nov 21, 2014	-0.18% Jan 26, 2026 - Feb 2, 2026
#11	-13.56% Jan 28, 2026 - Apr 16, 2026	-0.18% Feb 2, 2026 - Feb 6, 2026
#12	-11.93% Oct 27, 2025 - Jan 28, 2026	-0.13% Nov 26, 2025 - Dec 3, 2025
#13	-11.68% Sep 2, 2020 - Oct 9, 2020	-0.08% Dec 24, 2025 - Jan 2, 2026
#14	-11.60% Apr 30, 2019 - Jul 10, 2019	-0.07% Jan 7, 2026 - Jan 9, 2026
#15	-10.87% Jul 26, 2019 - Dec 16, 2019	-0.06% Feb 10, 2026 - Feb 13, 2026

Correlation

Correlation between FXL and NHYB is 0.74 which considered as a strong positive correlation - the stocks tend to move together.

0.74

-101

Dividend Comparison (2010 - 2026)

FXL vs NHYB dividend yield comparison.

Year	FXL	NHYB
2026	0.00%	2.95%
2025	0.01%	1.28%
2024	0.11%	0.00%
2023	0.41%	0.00%
2022	0.34%	0.00%
2021	0.11%	0.00%
2020	0.04%	0.00%
2019	0.37%	0.00%
2018	0.32%	0.00%
2017	0.27%	0.00%
2016	1.12%	0.00%
2015	0.36%	0.00%
2014	0.63%	0.00%
2013	0.32%	0.00%
2012	0.64%	0.00%
2010	0.03%	0.00%