FJP vs. FXY - ETF Comparison
FJP - First Trust Japan AlphaDEX Fund
The First Trust Japan AlphaDEX Fund is an equity fund that provides broad exposure to the Japanese market, investing in large-cap companies across various sectors. The fund employs a multi-factor approach, using a tiered weighting scheme to select securities, with the aim of potentially avoiding some of the worst names in the index. This fund may be suitable for investors seeking tactical exposure to Japanese equities while benefiting from First Trust's AlphaDEX methodology.
FXY - Invesco Currencyshares Japanese Yen Trust
The Invesco Currencyshares Japanese Yen Trust is an exchange-traded fund that provides investors with exposure to the Japanese yen relative to the U.S. dollar. It increases in value when the yen strengthens and declines when the dollar appreciates, making it a suitable option for those seeking to hedge exchange rate exposure or bet against the greenback.
| FJP | FXY | |
|---|---|---|
| Fund Name | First Trust Japan AlphaDEX Fund | Invesco Currencyshares Japanese Yen Trust |
| Fund Provider | First Trust | Invesco |
| Index | NASDAQ AlphaDEX Japan Index | Japanese Yen |
| Asset Class | Equity | Cash & Currencies |
| Listing | US-listed | US-listed |
| Expense Ratio | 0.80% | 0.40% |
| Inception Date | 2011-04-18 | 2007-02-12 |
| Number Of Holdings | 101 | 1 |
| Region | Japan | Japan |
| Leveraged | Non-leveraged | Non-leveraged |
Select Timeframe
Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Performance Analysis
The performance analysis examines historical data to assess the returns of the investment strategy, including key metrics such as Cumulative returns, End of Year (EoY) returns, and risk-adjusted returns like the Sharpe ratio or the Sortino ratio.
Cumulative Returns
End of Year Returns Table
End of Year Returns
Risk Analysis
The risk analysis refers to an assessment of potential negative events that could lead to a loss of capital. Conducting a risk analysis can help in deciding whether an investment should be made. This is done using risk metrics such as drawdowns, volatility and beta which reflect stakeholders' confidence in the consistency of an investment strategy.
Drawdowns
Drawdowns Table
Monte Carlo Simulation
The Monte Carlo simulation is a statistical method used to forecast portfolio returns by generating a wide range of potential outcomes through random sampling from historical asset price data. It helps investors assess the potential risk and return of a portfolio under various market conditions. The simulation takes into account the initial investment and optionally simulates cash flow scenarios like fixed contributions, fixed withdrawals, or percentage withdrawals.
IMPORTANT: The forecast generated through Monte Carlo simulations is purely hypothetical and does not guarantee future returns. Investment decisions should be made with consideration of various factors, and past performance is not indicative of future results.