Value stocks typically trade at cheaper prices relative to fundamental measures of value, such as earnings and the book value of assets. In contrast, growth stocks tend to run at higher valuations since investors expect rapid growth in those company measures.
“The First Trust Large Cap Value AlphaDEX ETF has a five-year Sharpe ratio of 0.60. Although this ETF has a 30-day SEC yield of 2.42% as of Jan. 29, 2016, the share price performance chart indicates a 12.91% decline from Jan. 30, 2015, through Jan. 29, 2016. However, a 13.73% advance between Jan. 20, 2016, and March 2, 2016, places this ETF’s share price 5.91% above its 50-day moving average,” adds Investopedia.
First Trust Large Cap Value Opportunities AlphaDEX Fund