FXN vs TPZ
First Trust Energy AlphaDEX Fund vs Tortoise Essential Energy Fund
Which is better, FXN or TPZ?
Each has led over a different period.
FXN has a lower expense ratio. FXN led over 1Y, TPZ over the full window. FXN is less concentrated, with 45.0% of the fund in its ten largest positions against 56.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FXN | TPZ |
|---|---|---|
| Expense Ratio | 0.63%Best | 0.85% |
| AUM | $385M | $117M |
| Dividend Yield | 1.92% | 3.75% |
| Holdings | 80 | 87 |
| Volatility (annualized) | 34.6% | 24.4%Best |
| Max Drawdown | -88.4% | -87.9%Best |
| $10,000 over 15.5 years | $14,183 | $34,218Best |
| Top 10 Weight | 45.0%Best | 56.1% |
| Fund Family | First Trust Portfolios (US) | Tortoise Capital |
| Category | Equity | Equity |
| Style | Mid Cap Value | Mid Cap Value |
| Inception | May 8, 2007 | Jul 29, 2009 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 624 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. FXN has data through Oct 14, 2026 and TPZ through Jan 28, 2025.
Volatility and max drawdown, and the $10,000 over 15.5 years row, are measured over the window both funds cover: Jul 29, 2009 to Jan 28, 2025 (15.5 years).
Risk: Volatility and Drawdowns
FXN has been the more volatile fund, with annualized monthly volatility of 34.6% compared with 24.4% for TPZ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -88.4% for FXN and -87.9% for TPZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FXN charges 0.63% per year while TPZ charges 0.85%. On a $10,000 position that is $63 vs $85 annually, a gap of $22 per year that compounds over a long holding period. On income, FXN currently yields 1.92% against 3.75% for TPZ.
Holdings Overlap
6.0% of FXN's money is in holdings TPZ also owns. 27.3% of TPZ's money is in holdings FXN also owns.
TPZ and FXN share little of their money.
5 positions in common, counted across the 39 positions we hold weights for in FXN and 37 in TPZ, against full books of 80 and 87.
What only one of them owns
Our book lists 28 positions for TPZ that do not appear in our book for FXN (64.1% of the fund), and 33 for FXN that do not appear in TPZ (92.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
27.3% of TPZ is already inside FXN.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FXN or TPZ?
FXN has an expense ratio of 0.63% while TPZ charges 0.85%. FXN is the cheaper option, by $22 a year on a $10,000 investment.
Which is riskier, FXN or TPZ?
FXN has been the more volatile fund at 34.6% annualized versus 24.4% for TPZ. Worst drawdown: FXN -88.4% vs TPZ -87.9%.
Should I hold both FXN and TPZ?
FXN and TPZ have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FXN and TPZ?
27.3% of TPZ's money is in holdings FXN also owns. 27.3% of TPZ's is in holdings FXN also owns. They hold 5 positions in common, counted across the 39 positions we hold weights for in FXN and 37 in TPZ.
Which pays a higher dividend, FXN or TPZ?
FXN yields 1.92% while TPZ yields 3.75%, so TPZ currently pays the higher dividend yield.
Is TPZ better than FXN?
FXN has a lower expense ratio. FXN led over 1Y, TPZ over the full window. FXN is less concentrated, with 45.0% of the fund in its ten largest positions against 56.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.