SMDX vs FPA

Comparison between INTECH S&P SMALL-MID CAP DIVERSIFIED ALPHA ETF (SMDX, ETF) and FIRST TRUST ASIA PACIFIC EX-JAPAN ALPHADEX FUND (FPA, ETF).

SMDX vs FPA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SMDX(ETF)	FPA(ETF)
Net Assets	$126M	$126M
Expense Ratio	0.35%	0.80%
Max Drawdown	14.52%	55.79%
Sharpe Ratio	1.37	1.82
5Y Beta	0.95	0.91
P/E Ratio	21.62	N/A
Forward P/E	14.74	N/A
5Y Dividends CAGR	N/A	24.87%
5Y EPS CAGR	16.79%	N/A
Debt to Equity	53.24%	N/A
P/S Ratio	1.27	N/A
P/B Ratio	2.32	N/A

Net Assets

SMDX

$126M

Winner

FPA

$126M

Expense Ratio

Winner

SMDX

0.35%

FPA

0.80%

Max Drawdown

Winner

SMDX

14.52%

FPA

55.79%

Sharpe Ratio

SMDX

1.37

Winner

FPA

1.82

5Y Beta

SMDX

0.95

Winner

FPA

0.91

P/E Ratio

SMDX

21.62

FPA

N/A

Forward P/E

SMDX

14.74

FPA

N/A

5Y Dividends CAGR

SMDX

N/A

FPA

24.87%

5Y EPS CAGR

SMDX

16.79%

FPA

N/A

Debt to Equity

SMDX

53.24%

FPA

N/A

P/S Ratio

SMDX

1.27

FPA

N/A

P/B Ratio

SMDX

2.32

FPA

N/A

SMDX vs FPA - Historical Returns

Returns include dividend reinvestment.

Period	SMDX	FPA
1 month	+0.03%	-2.77%
3 months	+6.27%	+16.77%
6 months	+12.57%	+35.55%
1 year	+28.22%	+61.73%
5 years(CAGR)	N/A	+10.90%
10 years(CAGR)	N/A	+10.04%
Max(CAGR)	+22.22%	+6.64%

Winner

SMDX

+0.03%

FPA

-2.77%

SMDX

+6.27%

Winner

FPA

+16.77%

SMDX

+12.57%

Winner

FPA

+35.55%

SMDX

+28.22%

Winner

FPA

+61.73%

5Y(CAGR)

SMDX

N/A

FPA

+10.90%

10Y(CAGR)

SMDX

N/A

FPA

+10.04%

Max(CAGR)

Winner

SMDX

+22.22%

FPA

+6.64%

SMDX vs FPA - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	SMDX	FPA
2026	+11.54%	+35.01%
2025	+14.21%	+41.95%
2024	N/A	+5.55%
2023	N/A	+13.27%
2022	N/A	-14.58%
2021	N/A	+1.29%
2020	N/A	+13.32%
2019	N/A	+8.59%
2018	N/A	-22.54%
2017	N/A	+33.88%
2016	N/A	+2.79%
2015	N/A	+0.37%
2014	N/A	+5.58%
2013	N/A	+3.11%
2012	N/A	+24.72%
2011	N/A	-24.40%

SMDX vs FPA Drawdown Comparison

The maximum drawdown for SMDX was -14.52%, occurring on Apr 7, 2025. Recovery took 50 trading sessions.

The maximum drawdown for FPA was -52.90%, occurring on Mar 23, 2020. Recovery took 808 trading sessions.

The current SMDX drawdown is -1.42%. The current FPA drawdown is -12.96%.

Rank	SMDX	FPA
#1	-14.52% Feb 28, 2025 - May 12, 2025	-52.90% Jan 26, 2018 - Apr 14, 2021
#2	-8.66% Feb 6, 2026 - Apr 14, 2026	-37.78% Jul 26, 2011 - May 14, 2014
#3	-6.74% Oct 27, 2025 - Nov 28, 2025	-35.36% Jun 2, 2021 - May 23, 2025
#4	-5.15% Sep 11, 2025 - Oct 24, 2025	-24.59% Apr 28, 2015 - May 22, 2017
#5	-4.44% May 6, 2026 - Jun 4, 2026	-15.34% Feb 26, 2026 - Apr 30, 2026
#6	-3.79% Jul 25, 2025 - Aug 12, 2025	-13.25% Aug 26, 2014 - Apr 6, 2015
#7	-3.74% May 16, 2025 - Jun 23, 2025	-12.96% Jun 1, 2026 - Jun 5, 2026
#8	-3.16% Jul 10, 2025 - Jul 25, 2025	-7.08% May 14, 2026 - May 26, 2026
#9	-2.52% Dec 11, 2025 - Jan 6, 2026	-6.98% Apr 26, 2011 - Jul 7, 2011
#10	-2.21% Apr 20, 2026 - May 6, 2026	-6.39% Nov 3, 2025 - Jan 6, 2026
#11	-1.76% Aug 13, 2025 - Aug 22, 2025	-4.74% Sep 16, 2025 - Oct 20, 2025
#12	-1.69% Jan 15, 2026 - Jan 21, 2026	-4.40% Jul 26, 2017 - Sep 12, 2017
#13	-1.56% Jan 21, 2026 - Feb 4, 2026	-4.40% May 6, 2026 - May 14, 2026
#14	-1.42% Jun 4, 2026 - Jun 5, 2026	-4.08% Sep 18, 2017 - Oct 12, 2017
#15	-1.08% Aug 27, 2025 - Sep 4, 2025	-3.80% May 7, 2021 - Jun 2, 2021

Correlation

Correlation between SMDX and FPA is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.

0.96

-101

Dividend Comparison (2011 - 2026)

SMDX vs FPA dividend yield comparison.

Year	SMDX	FPA
2026	0.00%	0.82%
2025	0.61%	4.71%
2024	0.00%	3.40%
2023	0.00%	3.02%
2022	0.00%	4.22%
2021	0.00%	5.12%
2020	0.00%	1.59%
2019	0.00%	3.90%
2018	0.00%	2.81%
2017	0.00%	3.15%
2016	0.00%	2.42%
2015	0.00%	1.74%
2014	0.00%	4.11%
2013	0.00%	2.35%
2012	0.00%	1.59%
2011	0.00%	2.17%