FEP vs FEZ
First Trust Europe AlphaDEX Fund compared with State Street SPDR EURO STOXX 50 ETF on yield, payout growth, payment schedule, cost and risk.
FEP
First Trust Europe AlphaDEX Fund
TTM yield · Quarterly
FEZ
State Street SPDR EURO STOXX 50 ETF
TTM yield · Quarterly
Quick take
- FEZ yields more today: 6.30% vs 5.30% (forward).
- FEZ has grown its payout faster: 4.5%/yr vs 2.9%/yr over the last 5 years.
- Both pay every quarter.
- Over the last year FEP delivered the higher total return: +24.8% vs +20.3% (price change plus payouts).
- FEZ is cheaper to own: 0.29% vs 0.80% expense ratio.
- FEP has the steadier distribution: consistency 21/100 vs 0/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FEP | FEZ |
|---|---|---|
| Share price | $60.35 | $70.65 |
| TTM yield | 2.65% | 1.79% |
| Forward yield | 5.30% | 6.30% |
| Annual payout per share | $3.196 | $4.448 |
| Payment frequency | Quarterly | Quarterly |
| Next ex-date | Sep 24, 2026 (est.) | Sep 21, 2026 (est.) |
| Expense ratio | 0.80% | 0.29% |
| 1-year payout growth | -2.1% | -13.1% |
| 5-year payout CAGR | +2.9% | +4.5% |
| Consecutive years of increases | 3 years | 0 years |
| Payout consistency (last 12) | 21/100 | 0/100 |
| 1-year total return | +24.8% | +20.3% |
| 1-year price return | +21.6% | +18.1% |
| Size (market cap / AUM) | 539.2M | 4.5B |
| Years paying | 15.2 | 23.5 |
| Sector / category | Europe Stock | Europe Stock |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| FEP | FEZ | |
|---|---|---|
| Shares | 165.7 | 141.5 |
| Income per year | $530 | $630 |
| Income per month (avg) | $44 | $52 |
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FEP Sep 24, 2026 | Sep 29, 2026 | $0.799 | Est. |
| FEP Dec 24, 2026 | Dec 29, 2026 | $0.799 | Est. |
| FEP Mar 25, 2027 | Mar 30, 2027 | $0.799 | Est. |
| FEZ Sep 21, 2026 | Oct 5, 2026 | $1.112 | Est. |
| FEZ Dec 21, 2026 | Jan 4, 2027 | $1.112 | Est. |
| FEZ Mar 22, 2027 | Apr 5, 2027 | $1.112 | Est. |
Annual payouts per share
FEPFEZ
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, FEP or FEZ?
FEP currently has the higher trailing yield: FEP yields 2.65% and FEZ yields 1.79%. Yield changes daily with price, so check the live figures above.
How often do FEP and FEZ pay?
FEP pays every quarter and FEZ pays every quarter. FEP's next ex-date is Sep 24, 2026 and FEZ's is Sep 21, 2026.
Which has grown its dividend faster, FEP or FEZ?
FEZ has grown its payout faster: 4.5%/yr vs 2.9%/yr over the last 5 years.
Is FEP or FEZ better for income?
It depends on what you are optimising for. FEP and FEZ differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.