FXO vs SPY
Comparison between FIRST TRUST FINANCIALS ALPHADEX FUND (FXO, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed FXO, delivering a return of +13.3% compared to +8.0%
FXO vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FXO
$1B
Winner
SPY
$652B
Expense Ratio
FXO
0.60%
Winner
SPY
0.09%
Max Drawdown
FXO
72.24%
Winner
SPY
56.47%
Sharpe Ratio
FXO
0.80
Winner
SPY
2.07
5Y Beta
Winner
FXO
0.93
SPY
1.00
P/E Ratio
Winner
FXO
10.58
SPY
28.24
Forward P/E
Winner
FXO
9.72
SPY
21.85
PEG Ratio
FXO
0.06
SPY
N/A
5Y Dividends CAGR
Winner
FXO
7.96%
SPY
5.43%
5Y EPS CAGR
FXO
15.87%
Winner
SPY
25.79%
Debt to Equity
FXO
54.77%
Winner
SPY
22.35%
P/S Ratio
Winner
FXO
1.70
SPY
3.55
P/B Ratio
Winner
FXO
1.36
SPY
5.29
FXO vs SPY - Holdings Comparison
FXO and SPY have 45 common holdings. Overlap is 6.15%
FXO's top 25 holdings weight is 38.10%. SPY's top 25 holdings weight is 51.32%.
| Rank | FXO | SPY |
|---|---|---|
| #1 | AFFILIATED MANAGERS GROUP INC (AMG) - 1.65% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | RITHM CAPITAL CORP (RITM) - 1.61% | APPLE INC (AAPL) - 6.48% |
| #3 | ANNALY CAPITAL MANAGEMENT INC (NLY) - 1.60% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | AGNC INVESTMENT CORP (AGNC) - 1.60% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | T. ROWE PRICE GROUP INC (TROW) - 1.60% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | WHITE MOUNTAINS INSURANCE GROUP LTD (WTM) - 1.58% | BROADCOM INC (AVGO) - 3.09% |
| #7 | FIRST AMERICAN FINANCIAL CORP (FAF) - 1.58% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | BANK OZK (OZK) - 1.58% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | MGIC INVESTMENT CORP (MTG) - 1.57% | TESLA INC (TSLA) - 1.73% |
| #10 | EVEREST GROUP LTD (EG) - 1.57% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | CINCINNATI FINANCIAL CORP (CINF) - 1.56% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | ALLSTATE CORP (ALL) - 1.56% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | RENAISSANCERE HOLDINGS LTD (RNR) - 1.56% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | FACTSET RESEARCH SYSTEMS INC (FDS) - 1.55% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | THE HANOVER INSURANCE GROUP INC (THG) - 1.55% | WALMART INC (WMT) - 0.91% |
| #16 | AMERICAN INTERNATIONAL GROUP INC (AIG) - 1.54% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | SEI INVESTMENTS CO (SEIC) - 1.53% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | ASSURED GUARANTY LTD (AGO) - 1.52% | VISA INC CLASS A (V) - 0.85% |
| #19 | ARCH CAPITAL GROUP LTD (ACGL) - 1.51% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.50% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | AXIS CAPITAL HOLDINGS LTD (AXS) - 1.48% | INTEL CORP (INTC) - 0.65% |
| #22 | JEFFERIES FINANCIAL GROUP INC (JEF) - 1.37% | NETFLIX INC (NFLX) - 0.64% |
| #23 | WESTERN ALLIANCE BANCORP (WAL) - 1.32% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | ALLY FINANCIAL INC (ALLY) - 1.31% | CHEVRON CORP (CVX) - 0.58% |
| #25 | TRUIST FINANCIAL CORP (TFC) - 1.30% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 108 | 505 |
FXO vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
FXO
+1.63%
Winner
SPY
+9.11%
3M
FXO
-3.19%
Winner
SPY
+6.59%
6M
FXO
+3.57%
Winner
SPY
+10.56%
1Y
FXO
+14.57%
Winner
SPY
+32.04%
5Y(CAGR)
FXO
+7.95%
Winner
SPY
+13.35%
10Y(CAGR)
FXO
+12.45%
Winner
SPY
+15.49%
Max(CAGR)
FXO
+8.02%
Winner
SPY
+8.50%
FXO vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | FXO | SPY |
|---|---|---|
| 2026 | -1.51% | +8.27% |
| 2025 | +13.88% | +18.00% |
| 2024 | +27.24% | +25.59% |
| 2023 | +9.08% | +26.72% |
| 2022 | -9.62% | -18.64% |
| 2021 | +39.47% | +30.52% |
| 2020 | +5.64% | +17.28% |
| 2019 | +26.07% | +31.09% |
| 2018 | -11.40% | -5.24% |
| 2017 | +17.18% | +20.78% |
| 2016 | +20.31% | +13.59% |
| 2015 | +1.29% | +1.31% |
| 2014 | +9.86% | +14.56% |
| 2013 | +36.94% | +29.00% |
| 2012 | +19.02% | +14.17% |
| 2011 | -8.70% | +0.85% |
| 2010 | +18.07% | +13.14% |
| 2009 | +30.70% | +22.67% |
| 2008 | -37.89% | -36.25% |
| 2007 | -20.20% | +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% |
FXO vs SPY Drawdown Comparison
The maximum drawdown for FXO was -71.30%, occurring on Mar 6, 2009. Recovery took 1480 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current FXO drawdown is -3.90%.
| Rank | FXO | SPY |
|---|---|---|
| #1 | -71.30% May 24, 2007 - Apr 11, 2013 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -48.55% Feb 20, 2020 - Dec 4, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -28.81% Jan 11, 2022 - Mar 20, 2024 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -21.48% Sep 20, 2018 - Jul 12, 2019 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -21.35% Nov 25, 2024 - Aug 13, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -19.26% Aug 10, 2015 - Aug 5, 2016 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -11.72% Feb 6, 2026 - Mar 27, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -9.66% Jan 26, 2018 - Aug 20, 2018 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -9.32% Jun 1, 2021 - Aug 25, 2021 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -9.12% Nov 3, 2021 - Jan 11, 2022 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -8.14% Jul 31, 2024 - Aug 23, 2024 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.13% Jul 24, 2019 - Nov 4, 2019 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -7.51% Mar 28, 2024 - May 15, 2024 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -7.20% Sep 2, 2014 - Oct 31, 2014 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -7.14% Sep 19, 2025 - Dec 10, 2025 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between FXO 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)
FXO vs SPY dividend yield comparison.
| Year | FXO | SPY |
|---|---|---|
| 2026 | 0.79% | 0.24% |
| 2025 | 1.78% | 1.07% |
| 2024 | 1.97% | 1.21% |
| 2023 | 2.98% | 1.40% |
| 2022 | 2.49% | 1.65% |
| 2021 | 1.91% | 1.20% |
| 2020 | 2.60% | 1.52% |
| 2019 | 1.72% | 1.75% |
| 2018 | 2.60% | 2.04% |
| 2017 | 1.62% | 1.80% |
| 2016 | 1.35% | 2.03% |
| 2015 | 1.51% | 2.06% |
| 2014 | 1.54% | 1.87% |
| 2013 | 1.21% | 1.81% |
| 2012 | 1.88% | 2.18% |
| 2011 | 2.49% | 2.05% |
| 2010 | 1.27% | 1.80% |
| 2009 | 1.06% | 1.95% |
| 2008 | 2.35% | 3.02% |
| 2007 | 1.32% | 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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