HEDG vs FXN

Comparison between EQUABLE SHARES HEDGED EQUITY ETF (HEDG, ETF) and FIRST TRUST ENERGY ALPHADEX FUND (FXN, ETF).

HEDG vs FXN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HEDG(ETF)	FXN(ETF)
Net Assets	$415M	$413M
Expense Ratio	0.96%	0.63%
Max Drawdown	4.33%	88.59%
Sharpe Ratio	0.95	1.48
5Y Beta	0.35	0.79
P/E Ratio	N/A	17.63
Forward P/E	N/A	11.11
PEG Ratio	N/A	0.29
5Y Dividends CAGR	N/A	6.32%
Debt to Equity	N/A	77.12%
P/S Ratio	N/A	1.71
P/B Ratio	N/A	1.99

Net Assets

Winner

HEDG

$415M

FXN

$413M

Expense Ratio

HEDG

0.96%

Winner

FXN

0.63%

Max Drawdown

Winner

HEDG

4.33%

FXN

88.59%

Sharpe Ratio

HEDG

0.95

Winner

FXN

1.48

5Y Beta

Winner

HEDG

0.35

FXN

0.79

P/E Ratio

HEDG

N/A

FXN

17.63

Forward P/E

HEDG

N/A

FXN

11.11

PEG Ratio

HEDG

N/A

FXN

0.29

5Y Dividends CAGR

HEDG

N/A

FXN

6.32%

Debt to Equity

HEDG

N/A

FXN

77.12%

P/S Ratio

HEDG

N/A

FXN

1.71

P/B Ratio

HEDG

N/A

FXN

1.99

HEDG vs FXN - Holdings Comparison

HEDG and FXN have 0 common holdings. Overlap is 0.00%

HEDG's top 25 holdings weight is 98.78%. FXN's top 25 holdings weight is 85.37%.

Rank	HEDG	FXN
#1	ISHARES CORE S&P 500 ETF (IVV) - 65.03%	FIRST SOLAR INC (FSLR) - 5.06%
#2	STATE STREET® SPDR® S&P 500® ETF (SPY) - 33.27%	HF SINCLAIR CORP (DINO) - 4.73%
#3	CLEARSHARES ULTRA-SHORT MATURITY ETF (OPER) - 0.48%	OVINTIV INC (OVV) - 4.70%
#4	N/A	PERMIAN RESOURCES CORP CLASS A (PR) - 4.58%
#5	N/A	CHENIERE ENERGY INC (LNG) - 4.47%
#6	N/A	EXPAND ENERGY CORP ORDINARY SHARES NEW (EXE) - 4.40%
#7	N/A	DEVON ENERGY CORP (DVN) - 4.35%
#8	N/A	MATADOR RESOURCES CO (MTDR) - 4.18%
#9	N/A	APA CORP (APA) - 4.07%
#10	N/A	PHILLIPS 66 (PSX) - 3.93%
#11	N/A	EOG RESOURCES INC (EOG) - 3.80%
#12	N/A	EQT CORP (EQT) - 3.54%
#13	N/A	ANTERO RESOURCES CORP (AR) - 3.51%
#14	N/A	RANGE RESOURCES CORP (RRC) - 3.49%
#15	N/A	TARGA RESOURCES CORP (TRGP) - 2.98%
#16	N/A	WILLIAMS COMPANIES INC (WMB) - 2.84%
#17	N/A	TEXAS PACIFIC LAND CORP (TPL) - 2.57%
#18	N/A	SLB LTD (SLB) - 2.52%
#19	N/A	DIAMONDBACK ENERGY INC (FANG) - 2.48%
#20	N/A	WEATHERFORD INTERNATIONAL PLC ORDINARY SHARES NEW (WFRD) - 2.39%
#21	N/A	CHORD ENERGY CORP ORDINARY SHARES NEW (CHRD) - 2.24%
#22	N/A	MARATHON PETROLEUM CORP (MPC) - 2.21%
#23	N/A	CONOCOPHILLIPS (COP) - 2.19%
#24	N/A	NOV INC (NOV) - 2.10%
#25	N/A	ONEOK INC (OKE) - 2.04%
Total Holdings	3	39

HEDG vs FXN - Historical Returns

Returns include dividend reinvestment.

Period	HEDG	FXN
1 month	+0.84%	+5.82%
3 months	+2.29%	+4.44%
6 months	+3.36%	+24.15%
1 year	N/A	+44.75%
5 years(CAGR)	N/A	+18.61%
10 years(CAGR)	N/A	+6.40%
Max(CAGR)	+9.36%	+2.13%

HEDG

+0.84%

Winner

FXN

+5.82%

HEDG

+2.29%

Winner

FXN

+4.44%

HEDG

+3.36%

Winner

FXN

+24.15%

HEDG

N/A

FXN

+44.75%

5Y(CAGR)

HEDG

N/A

FXN

+18.61%

10Y(CAGR)

HEDG

N/A

FXN

+6.40%

Max(CAGR)

Winner

HEDG

+9.36%

FXN

+2.13%

HEDG vs FXN - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	HEDG	FXN
2026	+3.83%	+29.53%
2025	+3.16%	+1.35%
2024	N/A	-0.25%
2023	N/A	+6.50%
2022	N/A	+42.86%
2021	N/A	+51.48%
2020	N/A	-19.88%
2019	N/A	-9.01%
2018	N/A	-26.53%
2017	N/A	-6.83%
2016	N/A	+19.36%
2015	N/A	-32.93%
2014	N/A	-14.75%
2013	N/A	+26.06%
2012	N/A	-0.19%
2011	N/A	-8.98%
2010	N/A	+22.76%
2009	N/A	+40.64%
2008	N/A	-51.37%
2007	N/A	+16.78%

HEDG vs FXN Drawdown Comparison

The maximum drawdown for HEDG was -3.85%, occurring on Mar 30, 2026. Recovery took 36 trading sessions.

The maximum drawdown for FXN was -87.39%, occurring on Mar 23, 2020. Recovery took 2957 trading sessions.

The current HEDG drawdown is -0.13%. The current FXN drawdown is -6.19%.

Rank	HEDG	FXN
#1	-3.85% Feb 25, 2026 - Apr 17, 2026	-87.39% Jun 23, 2014 - Mar 26, 2026
#2	-1.64% Nov 11, 2025 - Nov 25, 2025	-72.47% Jun 23, 2008 - Jun 19, 2014
#3	-1.15% Feb 2, 2026 - Feb 24, 2026	-16.00% Jan 3, 2008 - Feb 25, 2008
#4	-0.87% Jun 8, 2026 - Jun 30, 2026	-15.90% Jul 19, 2007 - Oct 11, 2007
#5	-0.81% Jan 12, 2026 - Jan 26, 2026	-13.42% Mar 27, 2026 - Jul 1, 2026
#6	-0.60% Nov 3, 2025 - Nov 10, 2025	-12.11% Feb 28, 2008 - Apr 8, 2008
#7	-0.53% Jul 15, 2026 - Jul 17, 2026	-8.13% Oct 16, 2007 - Dec 24, 2007
#8	-0.50% Oct 13, 2025 - Oct 17, 2025	-6.46% Apr 21, 2008 - May 6, 2008
#9	-0.42% Dec 12, 2025 - Dec 19, 2025	-5.55% Jun 18, 2007 - Jul 13, 2007
#10	-0.27% Jul 10, 2026 - Jul 15, 2026	-4.80% May 20, 2008 - Jun 9, 2008
#11	-0.23% Jun 2, 2026 - Jun 8, 2026	-3.68% May 21, 2007 - Jun 1, 2007
#12	-0.23% Jul 6, 2026 - Jul 9, 2026	-3.68% Jun 4, 2007 - Jun 14, 2007
#13	-0.20% Dec 26, 2025 - Jan 5, 2026	-2.37% Jun 18, 2008 - Jun 23, 2008
#14	-0.19% Jan 6, 2026 - Jan 9, 2026	-2.36% Jun 9, 2008 - Jun 17, 2008
#15	-0.19% Jan 27, 2026 - Feb 2, 2026	-1.56% Jul 13, 2007 - Jul 19, 2007

Correlation

Correlation between HEDG and FXN is 0.66 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.66

-101

Dividend Comparison (2007 - 2026)

HEDG vs FXN dividend yield comparison.

Year	HEDG	FXN
2026	0.98%	0.67%
2025	1.38%	2.53%
2024	0.00%	2.50%
2023	0.00%	3.09%
2022	0.00%	2.28%
2021	0.00%	0.87%
2020	0.00%	4.71%
2019	0.00%	1.47%
2018	0.00%	1.43%
2017	0.00%	1.17%
2016	0.00%	1.05%
2015	0.00%	2.36%
2014	0.00%	1.74%
2013	0.00%	0.82%
2012	0.00%	1.06%
2011	0.00%	0.46%
2010	0.00%	0.55%
2009	0.00%	0.23%
2008	0.00%	0.23%
2007	0.00%	0.51%