VFL vs FAB

Comparison between abrdn National Municipal Income Fund (VFL, ETF) and FIRST TRUST MULTI CAP VALUE ALPHADEX FUND (FAB, ETF).

5-Year PerformanceFAB has outperformed VFL, delivering a return of +8.0% compared to -1.0%

VFL vs FAB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VFL(ETF)	FAB(ETF)
Net Assets	$139M	$139M
Expense Ratio	N/A	0.66%
Max Drawdown	55.62%	64.25%
Sharpe Ratio	0.88	1.59
5Y Beta	0.12	0.79
P/E Ratio	N/A	13.79
Forward P/E	N/A	11.94
5Y Dividends CAGR	1.23%	10.99%
5Y EPS CAGR	N/A	10.16%
Debt to Equity	N/A	60.67%
P/S Ratio	N/A	1.02
P/B Ratio	N/A	1.56

Net Assets

VFL

$139M

Winner

FAB

$139M

Expense Ratio

VFL

N/A

FAB

0.66%

Max Drawdown

Winner

VFL

55.62%

FAB

64.25%

Sharpe Ratio

VFL

0.88

Winner

FAB

1.59

5Y Beta

Winner

VFL

0.12

FAB

0.79

P/E Ratio

VFL

N/A

FAB

13.79

Forward P/E

VFL

N/A

FAB

11.94

5Y Dividends CAGR

VFL

1.23%

Winner

FAB

10.99%

5Y EPS CAGR

VFL

N/A

FAB

10.16%

Debt to Equity

VFL

N/A

FAB

60.67%

P/S Ratio

VFL

N/A

FAB

1.02

P/B Ratio

VFL

N/A

FAB

1.56

VFL vs FAB - Historical Returns

Returns include dividend reinvestment.

Period	VFL	FAB
1 month	-0.19%	+0.95%
3 months	+0.81%	+3.40%
6 months	+3.40%	+12.26%
1 year	+12.00%	+28.26%
5 years(CAGR)	-1.00%	+8.04%
10 years(CAGR)	+1.56%	+10.37%
Max(CAGR)	+4.71%	+8.13%

VFL

-0.19%

Winner

FAB

+0.95%

VFL

+0.81%

Winner

FAB

+3.40%

VFL

+3.40%

Winner

FAB

+12.26%

VFL

+12.00%

Winner

FAB

+28.26%

5Y(CAGR)

VFL

-1.00%

Winner

FAB

+8.04%

10Y(CAGR)

VFL

+1.56%

Winner

FAB

+10.37%

Max(CAGR)

VFL

+4.71%

Winner

FAB

+8.13%

VFL vs FAB - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VFL	FAB
2026	+1.85%	+10.74%
2025	+5.97%	+10.19%
2024	+3.50%	+7.26%
2023	+2.56%	+15.87%
2022	-23.16%	-7.19%
2021	+12.13%	+33.07%
2020	+3.56%	+2.60%
2019	+15.05%	+22.41%
2018	-6.32%	-14.84%
2017	+5.40%	+13.64%
2016	+5.52%	+27.30%
2015	+6.09%	-12.03%
2014	+18.44%	+8.96%
2013	-13.74%	+34.20%
2012	+14.02%	+15.85%
2011	+11.07%	-0.66%
2010	+2.14%	+20.64%
2009	+34.94%	+48.36%
2008	-20.25%	-34.65%
2007	-11.93%	-14.50%
2006	-5.69%	N/A
2005	+2.50%	N/A
2004	+13.26%	N/A
2003	+13.11%	N/A
2002	+12.72%	N/A
2001	+12.08%	N/A
2000	+16.39%	N/A
1999	-2.03%	N/A

VFL vs FAB Drawdown Comparison

The maximum drawdown for VFL was -45.26%, occurring on Dec 4, 2008. Recovery took 1399 trading sessions.

The maximum drawdown for FAB was -63.30%, occurring on Mar 6, 2009. Recovery took 911 trading sessions.

The current VFL drawdown is -9.84%. The current FAB drawdown is -0.17%.

Rank	VFL	FAB
#1	-45.26% Mar 7, 2006 - Sep 23, 2011	-63.30% Jun 4, 2007 - Jan 12, 2011
#2	-39.04% Dec 22, 2021 - Oct 25, 2023	-47.08% Jan 16, 2020 - Nov 24, 2020
#3	-29.96% Mar 4, 2020 - Jan 21, 2021	-26.51% Apr 15, 2015 - Nov 14, 2016
#4	-22.70% Dec 6, 2012 - Jan 15, 2015	-24.24% May 10, 2011 - Feb 3, 2012
#5	-16.39% Feb 4, 2004 - Oct 25, 2004	-22.91% Nov 25, 2024 - Nov 28, 2025
#6	-14.76% Jul 9, 2003 - Dec 17, 2003	-21.27% Sep 21, 2018 - Dec 16, 2019
#7	-14.66% Jan 5, 2005 - Jun 7, 2005	-20.63% Jan 14, 2022 - Jan 31, 2023
#8	-13.51% Jul 8, 2016 - May 10, 2019	-16.47% Feb 2, 2023 - Dec 14, 2023
#9	-13.37% Sep 2, 2005 - Mar 7, 2006	-14.42% Mar 26, 2012 - Sep 13, 2012
#10	-8.91% Sep 9, 2002 - Apr 30, 2003	-10.94% Jul 3, 2014 - Dec 29, 2014
#11	-8.00% Aug 20, 2019 - Feb 18, 2020	-10.04% Jan 26, 2018 - Sep 20, 2018
#12	-6.54% Nov 2, 1999 - Jun 21, 2000	-8.92% Sep 14, 2012 - Dec 18, 2012
#13	-6.07% Sep 28, 2011 - Jan 12, 2012	-7.76% Jun 8, 2021 - Oct 20, 2021
#14	-5.48% Feb 2, 2015 - Oct 28, 2015	-7.35% Jul 31, 2024 - Oct 14, 2024
#15	-5.45% Jun 7, 2005 - Aug 22, 2005	-7.00% Dec 29, 2014 - Feb 12, 2015

Correlation

Correlation between VFL and FAB is 0.84 which considered as a strong positive correlation - the stocks tend to move together.

0.84

-101

Dividend Comparison (1999 - 2026)

VFL vs FAB dividend yield comparison.

Year	VFL	FAB
2026	2.46%	0.37%
2025	5.84%	1.57%
2024	5.31%	2.00%
2023	4.43%	1.94%
2022	5.21%	1.80%
2021	4.42%	1.32%
2020	4.32%	1.59%
2019	5.14%	1.75%
2018	5.04%	1.96%
2017	4.60%	1.42%
2016	5.32%	1.40%
2015	5.97%	1.62%
2014	5.77%	1.39%
2013	5.95%	1.05%
2012	4.13%	2.27%
2011	4.18%	1.16%
2010	4.30%	1.19%
2009	4.15%	1.37%
2008	6.28%	2.54%
2007	5.92%	0.54%
2006	6.45%	0.00%
2005	7.56%	0.00%
2004	6.49%	0.00%
2003	6.35%	0.00%
2002	5.95%	0.00%
2001	5.00%	0.00%
2000	5.71%	0.00%
1999	1.05%	0.00%