FGMvsHEDJETF Comparison
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First Trust Germany AlphaDEX Fund ETF (FGM) and WisdomTree Europe Hedged Equity Fund (HEDJ) belong to the same industry segment: Europe Blended Cap. FGM's top 3 sector exposures are Industrials, Finance and Non-Energy Materials. In contrast, HEDJ's top sector exposures are Industrials, Finance and Technology. FGM is more expensive with a Total Expense Ratio (TER) of 0.8%, versus 0.58% for HEDJ. FGM is up 1.53% year-to-date (YTD) with +$15M in YTD flows. HEDJ performs better with 7.66% YTD performance, and -$67M in YTD flows. Run a side-by-side ETF comparison of FGM and HEDJ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FGM vs HEDJ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FGM HEDJ | -1.48%-1.40% | -5.23%+2.99% | +1.53%+7.66% | +13.49%+17.75% | +64.85%+47.55% | +27.33%+70.69% |
| Flows | FGM HEDJ | -- | -$16M-$25M | +$15M-$67M | +$24M-$137M | +$65M-$114M | +$3M-$722M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FGM HEDJ | +22.46%+13.64% | +21.68%+14.38% | +20.36%+14.44% | +23.21%+16.03% |
| Max drawdown | FGM HEDJ | -7.99%-3.53% | -17.67%-10.75% | -17.67%-15.72% | -49.67%-22.44% |
| Max drawdown duration | FGM HEDJ | 50d15d | 158d90d | 158d74d | 1347d406d |
Trading data
FGM | HEDJ | |
Last sale 7/21/2026 at 1:30 PM | $62.77 | $56.50 |
| Previous close 07/20/2026 | $61.90 | $55.74 |
| Consolidated volume 07/20/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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FGM | HEDJ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/21/2026 at 1:30 PM
Live
Closed
FGM | HEDJ | |
|---|---|---|
| Last price | $62.77 | $56.50 |
| 1D performance | +1.41% | +1.36% |
| AuM | $97.00 M | $1.82 B |
| E/R | 0.8% | 0.58% |
Characteristics
FGM | HEDJ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | WisdomTree |
| Benchmark | NASDAQ AlphaDEX Germany Index | WisdomTree Europe Equity Index |
| N° of holdings | 35 | 129 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 14, 2012 | December 31, 2009 |
| ESG | No | No |
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Exposure
Countries
FGM
Germany
83.64%
Other
16.36%
HEDJ
Germany
21.53%
France
20.32%
Netherlands
19.51%
Spain
18.07%
Other
20.57%
Sectors
FGM
Industrials
37.5%
Finance
15.72%
Non-Energy Materi.
12.55%
Consumer Cyclical.
7.83%
Healthcare
7.83%
Other
18.57%
HEDJ
Industrials
23.27%
Finance
15.49%
Technology
12.29%
Consumer Non-Cycl.
11.97%
Consumer Cyclical.
11.97%
Non-Energy Materi.
7.34%
Other
17.67%
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Diversification
FGM
Total weight of top 15 holdings out of 15
57.42%
HEDJ
Total weight of top 15 holdings out of 15
49.71%
Top 15 holdings
Data as of June 30, 2026
FGM
Hochtief AG
5.99%
Aurubis AG
5.77%
Nordex SE
5.20%
Deutsche Lufthansa AG
4.73%
Bayer AG
4.31%
Deutsche Post AG
3.75%
thyssenkrupp AG
3.67%
LEG Immobilien SE
3.61%
Aroundtown SA
3.51%
Siemens Energy AG
3.31%
Bilfinger SE
3.08%
Vonovia SE
2.83%
Henkel AG & Co. KGaA
2.61%
Bayerische Motoren Werke AG
2.54%
Commerzbank AG
2.51%
HEDJ
ASML Holding NV
7.55%
Banco Bilbao Vizcaya Argentaria SA
6.38%
Banco Santander SA
4.88%
Siemens AG
4.22%
LVMH Moët Hennessy Louis Vuitton SE
3.99%
Sanofi
3.51%
Deutsche Telekom AG
3.20%
L'Oréal SA
3.07%
Anheuser-Busch InBev NV
2.64%
BASF SE
1.95%
Schneider Electric SE
1.89%
ACS, Actividades de Construcción y Servicios SA
1.77%
Daimler Truck Holding AG
1.64%
Bayerische Motoren Werke AG
1.54%
Tenaris SA
1.49%
Frequently asked questions about FGM and HEDJ
How have the FGM and HEDJ ETFs performed in 2026?
As of July 17, 2026, FGM is up 1.53% year-to-date (YTD), while HEDJ has returned 7.66%. That puts HEDJ better performer ahead so far this year.
Which ETF is attracting more investor money: FGM or HEDJ?
Year-to-date, the FGM ETF saw +$15M in flows, compared to -$67M for HEDJ.
Which ETF is more volatile: FGM or HEDJ?
Over the past year, FGM had a volatility of 21.68%, while HEDJ experienced 14.38%.
Which ETF is bigger: FGM or HEDJ?
As of July 17, 2026, FGM holds $97.00 M in assets under management (AUM), while HEDJ manages $1.82 B.
What sectors do the FGM and HEDJ ETFs invest in?
FGM leans toward sectors like Industrials, Finance and Non-Energy Materials. Meanwhile, HEDJ focuses on Industrials, Finance and Technology.
What are the top holdings of the FGM ETF and HEDJ ETF?
FGM top holdings include Hochtief AG, Aurubis AG and Nordex SE. HEDJ holds in its top three: ASML Holding NV, Banco Bilbao Vizcaya Argentaria SA and Banco Santander SA.
Which ETF is more diversified: FGM or HEDJ?
FGM holds 35 securities with 57.42% of its assets in the top 15. HEDJ has 130 securities and a top 15 weight of 49.71%.
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Latest news about FGM & HEDJ
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April 9, 2025
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July 26, 2022
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