FABvsHWSMETF Comparison
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First Trust Multi Cap Value AlphaDEX Fund ETF (FAB) and H&W SMID Cap Diversified Value Fund (HWSM) belong to the same industry segment: US Multi-Factor. FAB's top 3 sector exposures are Finance, Consumer Cyclicals and Energy. In contrast, HWSM's top sector exposures are Finance, Consumer Cyclicals and Healthcare. FAB is more expensive with a Total Expense Ratio (TER) of 0.66%, versus 0.55% for HWSM. FAB is up 18.27% year-to-date (YTD) with +$25M in YTD flows. HWSM performs worse with 16.11% YTD performance, and +$15K in YTD flows. Run a side-by-side ETF comparison of FAB and HWSM 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 HWSM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FAB HWSM | +3.83%+2.78% | +6.73%+9.42% | +18.27%+16.11% | +26.24%+22.62% | +47.71%n/a | +62.16%n/a |
| Flows | FAB HWSM | +$26M- | +$21M- | +$25M+$15K | +$17M+$290K | -$54M- | -$46M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FAB HWSM | +11.94%+11.74% | +13.37%+15.02% | +16.74%n/a | +18.87%n/a |
| Max drawdown | FAB HWSM | -3.94%-2.55% | -6.70%-10.25% | -22.74%n/a | -22.74%n/a |
| Max drawdown duration | FAB HWSM | 34d11d | 53d92d | 366dn/a | 366dn/a |
Trading data
FAB | HWSM | |
Last sale 7/28/2026 at 1:30 PM | $106.94 | $32.00 |
| Previous close 07/27/2026 | $105.16 | $31.51 |
| Consolidated volume 07/27/2026 | ||
| 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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HWSM
is actively managed and doesn’t replicate an indexFAB | HWSM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/28/2026 at 1:30 PM
Live
Closed
FAB | HWSM | |
|---|---|---|
| Last price | $106.94 | $32.00 |
| 1D performance | +1.70% | +1.56% |
| AuM | $167.40 M | $2.83 M |
| E/R | 0.66% | 0.55% |
Characteristics
FAB | HWSM | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | First Trust | Hotchkis & Wiley Capital Management |
| Benchmark | NASDAQ AlphaDEX Multi Cap Value Index | - |
| N° of holdings | 668 | 164 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 8, 2007 | March 31, 2025 |
| ESG | No | No |
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Exposure
Countries
FAB
USA
95.22%
Other
4.78%
HWSM
USA
89.05%
Other
10.95%
Sectors
FAB
Finance
34.4%
Consumer Cyclical.
10.08%
Energy
8.25%
Consumer Non-Cycl.
7.49%
Healthcare
7.31%
Industrials
7.18%
Other
25.29%
HWSM
Finance
30.05%
Consumer Cyclical.
13.13%
Healthcare
11.66%
Technology
9.66%
Industrials
8.22%
Utilities
7.36%
Other
19.92%
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Diversification
FAB
Total weight of top 15 holdings out of 15
7.82%
HWSM
Total weight of top 15 holdings out of 15
22.3%
Top 15 holdings
Data as of June 30, 2026
FAB
Humana, Inc.
0.79%
United Airlines Holdings, Inc.
0.61%
Elevance Health, Inc.
0.59%
Delta Air Lines, Inc.
0.58%
T. Rowe Price Group, Inc.
0.54%
Super Micro Computer, Inc.
0.51%
The Allstate Corp.
0.49%
Smurfit WestRock Plc
0.48%
D.R. Horton, Inc.
0.48%
Global Payments, Inc.
0.47%
PulteGroup, Inc.
0.47%
Synchrony Financial
0.47%
State Street Corp.
0.45%
Hewlett Packard Enterprise Co.
0.45%
McCormick & Co., Inc.
0.44%
HWSM
F5, Inc.
2.44%
PPG Industries, Inc.
2.15%
Dominion Energy, Inc.
1.96%
Telefonaktiebolaget LM Ericsson
1.72%
GE Healthcare Technologies, Inc.
1.60%
Workday, Inc.
1.55%
APA Corp.
1.38%
American International Group, Inc.
1.31%
The Timken Co.
1.25%
State Street Corp.
1.22%
Humana, Inc.
1.18%
U-Haul Holding Co.
1.17%
Host Hotels & Resorts, Inc.
1.16%
Jazz Pharmaceuticals Plc
1.11%
Stanley Black & Decker, Inc.
1.10%
Frequently asked questions about FAB and HWSM
How have the FAB and HWSM ETFs performed in 2026?
As of July 24, 2026, FAB is up 18.27% year-to-date (YTD), while HWSM has returned 16.11%. That puts FAB better performer ahead so far this year.
Which ETF is attracting more investor money: FAB or HWSM?
Year-to-date, the FAB ETF saw +$25M in flows, compared to +$15K for HWSM.
Which ETF is more volatile: FAB or HWSM?
Over the past year, FAB had a volatility of 13.37%, while HWSM experienced 15.02%.
Which ETF is bigger: FAB or HWSM?
As of July 24, 2026, FAB holds $167.40 M in assets under management (AUM), while HWSM manages $2.83 M.
What sectors do the FAB and HWSM ETFs invest in?
FAB leans toward sectors like Finance, Consumer Cyclicals and Energy. Meanwhile, HWSM focuses on Finance, Consumer Cyclicals and Healthcare.
What are the top holdings of the FAB ETF and HWSM ETF?
FAB top holdings include Humana, Inc., United Airlines Holdings, Inc. and Elevance Health, Inc.. HWSM holds in its top three: F5, Inc., PPG Industries, Inc. and Dominion Energy, Inc..
Which ETF is more diversified: FAB or HWSM?
FAB holds 668 securities with 7.82% of its assets in the top 15. HWSM has 164 securities and a top 15 weight of 22.3%.
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