FABvsFNKETF Comparison
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First Trust Multi Cap Value AlphaDEX Fund ETF (FAB) belongs to the US Multi-Factor segment. First Trust Mid Cap Value AlphaDEX Fund ETF (FNK) is part of the US Mid Cap Value segment. Both ETFs have the same top 3 sector exposures: Finance, Energy and Consumer Cyclicals. FAB is less expensive with a Total Expense Ratio (TER) of 0.66%, versus 0.74% for FNK. FAB is up 19.52% year-to-date (YTD) with +$20M in YTD flows. FNK performs worse with 14.32% YTD performance, and +$10M in YTD flows. Run a side-by-side ETF comparison of FAB and FNK 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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FAB vs FNK performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FAB FNK | +4.41%+3.70% | +2.43%+1.42% | +19.52%+14.32% | +23.03%+16.59% | +67.55%+56.32% | +55.07%+44.72% |
| Flows | FAB FNK | -$5M+$9M | +$174K+$9M | +$20M+$10M | +$16M+$12M | -$52M-$50M | -$25M+$53M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FAB FNK | +11.64%+12.03% | +12.34%+13.40% | +16.56%+18.75% | +18.79%+21.00% |
| Max drawdown | FAB FNK | -8.34%-8.76% | -8.34%-9.07% | -22.74%-24.99% | -22.74%-24.99% |
| Max drawdown duration | FAB FNK | 68d50d | 68d122d | 366d406d | 366d406d |
Trading data
FAB | FNK | |
Last sale 10/26/2026 at 1:30 PM | $105.21 | $63.07 |
| Previous close 10/23/2026 | $105.16 | $62.86 |
| Consolidated volume 10/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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FAB | FNK | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/26/2026 at 1:30 PM
Live
Closed
FAB | FNK | |
|---|---|---|
| Last price | $105.21 | $63.07 |
| 1D performance | +0.05% | +0.33% |
| AuM | $163.01 M | $235.69 M |
| E/R | 0.66% | 0.74% |
Characteristics
FAB | FNK | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | First Trust |
| Benchmark | NASDAQ AlphaDEX Multi Cap Value Index | NASDAQ AlphaDEX Mid Cap Value Index |
| N° of holdings | 668 | 224 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 8, 2007 | April 19, 2011 |
| ESG | No | No |
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Exposure
Countries
FAB
USA
94.1%
Other
5.9%
FNK
USA
95.37%
Other
4.63%
Sectors
FAB
Finance
29.23%
Energy
13.57%
Consumer Cyclical.
9.4%
Consumer Non-Cycl.
7.53%
Utilities
7.1%
Other
33.17%
FNK
Finance
29.47%
Energy
15.45%
Consumer Cyclical.
12.58%
Non-Energy Materi.
9.43%
Industrials
7.26%
Other
25.81%
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Diversification
FAB
Total weight of top 15 holdings out of 15
7.96%
FNK
Total weight of top 15 holdings out of 15
13.46%
Top 15 holdings
Data as of August 31, 2026
FAB
Cognizant Technology Solutions Corp.
0.70%
Accenture Plc
0.65%
ConocoPhillips
0.56%
AT&T, Inc.
0.54%
Super Micro Computer, Inc.
0.54%
Global Payments, Inc.
0.53%
PayPal Holdings, Inc.
0.52%
Phillips 66
0.51%
Verizon Communications, Inc.
0.51%
General Mills, Inc.
0.50%
EOG Resources, Inc.
0.49%
Zimmer Biomet Holdings, Inc.
0.49%
Valero Energy Corp.
0.48%
The Walt Disney Co.
0.47%
Expand Energy Corp.
0.47%
FNK
HF Sinclair Corp.
1.05%
EPAM Systems, Inc.
1.03%
SM Energy Co.
1.02%
Genpact Ltd.
0.96%
APA Corp.
0.95%
Permian Resources Corp.
0.91%
Lithia Motors, Inc.
0.89%
Ovintiv, Inc.
0.89%
CF Industries Holdings, Inc.
0.88%
Matador Resources Co.
0.83%
Gap, Inc.
0.83%
Lyft, Inc.
0.81%
Universal Health Services, Inc.
0.81%
ADT, Inc.
0.80%
Paycom Software, Inc.
0.80%
Frequently asked questions about FAB and FNK
How have the FAB and FNK ETFs performed in 2026?
As of October 23, 2026, FAB is up 19.52% year-to-date (YTD), while FNK has returned 14.32%. That puts FAB better performer ahead so far this year.
Which ETF is attracting more investor money: FAB or FNK?
Year-to-date, the FAB ETF saw +$20M in flows, compared to +$10M for FNK.
Which ETF is more volatile: FAB or FNK?
Over the past year, FAB had a volatility of 12.34%, while FNK experienced 13.4%.
Which ETF is bigger: FAB or FNK?
As of October 23, 2026, FAB holds $163.01 M in assets under management (AUM), while FNK manages $235.69 M.
What sectors do the FAB and FNK ETFs invest in?
FAB leans toward sectors like Finance, Energy and Consumer Cyclicals. Meanwhile, FNK focuses on Finance, Energy and Consumer Cyclicals.
What are the top holdings of the FAB ETF and FNK ETF?
FAB top holdings include Cognizant Technology Solutions Corp., Accenture Plc and ConocoPhillips. FNK holds in its top three: HF Sinclair Corp., EPAM Systems, Inc. and SM Energy Co..
Which ETF is more diversified: FAB or FNK?
FAB holds 668 securities with 7.96% of its assets in the top 15. FNK has 224 securities and a top 15 weight of 13.46%.
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