FADvsTSMEETF Comparison
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First Trust Multi Cap Growth AlphaDEX Fund ETF (FAD) and Thrivent Small-Mid Cap Equity ETF (TSME) belong to the same industry segment: US Multi-Factor. Both ETFs have the same top 3 sector exposures: Technology, Industrials and Healthcare. FAD is less expensive with a Total Expense Ratio (TER) of 0.63%, versus 0.65% for TSME. FAD is up 9.26% year-to-date (YTD) with +$190M in YTD flows. TSME performs better with 9.88% YTD performance, and -$68M in YTD flows. Run a side-by-side ETF comparison of FAD and TSME 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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FAD vs TSME performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FAD TSME | -2.45%-2.04% | -3.73%-7.52% | +9.26%+9.88% | +8.64%+12.14% | +90.42%+74.88% | +40.95%n/a |
| Flows | FAD TSME | +$9M-$25M | +$36M-$68M | +$190M-$68M | +$206M+$107M | +$290M+$511M | +$245M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FAD TSME | +17.95%+20.58% | +20.91%+23.57% | +20.06%+22.40% | +21.50%n/a |
| Max drawdown | FAD TSME | -9.76%-13.60% | -12.44%-15.13% | -23.51%-26.79% | -31.99%n/a |
| Max drawdown duration | FAD TSME | 74d77d | 122d125d | 230d255d | 967dn/a |
Trading data
FAD | TSME | |
Last sale 11/2/2026 at 2:30 PM | $175.06 | $45.74 |
| Previous close 11/02/2026 | $176.89 | $45.73 |
| Consolidated volume 11/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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TSME
is actively managed and doesn’t replicate an indexFAD | TSME | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/2/2026 at 2:30 PM
Live
Closed
FAD | TSME | |
|---|---|---|
| Last price | $175.06 | $45.74 |
| 1D performance | -1.03% | +0.02% |
| AuM | $591.67 M | $848.98 M |
| E/R | 0.63% | 0.65% |
Characteristics
FAD | TSME | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | First Trust | Thrivent Asset Management |
| Benchmark | NASDAQ AlphaDEX Multi Cap Growth Index | - |
| N° of holdings | 669 | 73 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 8, 2007 | October 5, 2022 |
| ESG | No | No |
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Exposure
Countries
FAD
USA
96.73%
Other
3.27%
TSME
USA
87.59%
Other
12.41%
Sectors
FAD
Technology
26.65%
Industrials
19.45%
Healthcare
17.55%
Finance
13.85%
Other
22.5%
TSME
Technology
24.44%
Industrials
22.68%
Healthcare
13.2%
Finance
10.8%
Non-Energy Materi.
8.13%
Other
20.75%
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Diversification
FAD
Total weight of top 15 holdings out of 15
8.14%
TSME
Total weight of top 15 holdings out of 15
28.68%
Top 15 holdings
Data as of September 30, 2026
FAD
Everpure, Inc.
0.66%
Dell Technologies, Inc.
0.61%
Illumina, Inc.
0.59%
Natera, Inc.
0.59%
Lumentum Holdings, Inc.
0.59%
Fortinet, Inc.
0.57%
CrowdStrike Holdings, Inc.
0.54%
Datadog, Inc.
0.52%
Keysight Technologies, Inc.
0.52%
Advanced Micro Devices, Inc.
0.52%
Incyte Corp.
0.50%
Analog Devices, Inc.
0.50%
Seagate Technology Holdings Plc
0.48%
Interactive Brokers Group, Inc.
0.48%
Amphenol Corp.
0.47%
TSME
SharkNinja, Inc.
2.21%
LSI Industries, Inc.
2.18%
Climb Global Solutions, Inc.
2.15%
Ryder System, Inc.
2.12%
InterDigital, Inc.
2.09%
Federal Agricultural Mortgage Corp.
2.05%
Twist Bioscience Corp.
2.03%
Enova International, Inc.
1.98%
Littelfuse, Inc.
1.74%
ICON plc
1.72%
Turning Point Brands, Inc.
1.71%
Viking Holdings Ltd. (Bermuda)
1.70%
Labcorp Holdings, Inc.
1.70%
Cencora, Inc.
1.67%
Royalty Pharma Plc
1.63%
Frequently asked questions about FAD and TSME
How have the FAD and TSME ETFs performed in 2026?
As of October 30, 2026, FAD is up 9.26% year-to-date (YTD), while TSME has returned 9.88%. That puts TSME better performer ahead so far this year.
Which ETF is attracting more investor money: FAD or TSME?
Year-to-date, the FAD ETF saw +$190M in flows, compared to -$68M for TSME.
Which ETF is more volatile: FAD or TSME?
Over the past year, FAD had a volatility of 20.91%, while TSME experienced 23.57%.
Which ETF is bigger: FAD or TSME?
As of October 30, 2026, FAD holds $591.67 M in assets under management (AUM), while TSME manages $848.98 M.
What sectors do the FAD and TSME ETFs invest in?
FAD leans toward sectors like Technology, Industrials and Healthcare. Meanwhile, TSME focuses on Technology, Industrials and Healthcare.
What are the top holdings of the FAD ETF and TSME ETF?
FAD top holdings include Everpure, Inc., Dell Technologies, Inc. and Illumina, Inc.. TSME holds in its top three: SharkNinja, Inc., LSI Industries, Inc. and Climb Global Solutions, Inc..
Which ETF is more diversified: FAD or TSME?
FAD holds 669 securities with 8.14% of its assets in the top 15. TSME has 73 securities and a top 15 weight of 28.68%.
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Latest news about FAD & TSME
What's the Fund | Thrivent Small-Mid Cap Equity ETF (Ticker: TSME)
March 6, 2026
TSME
Putting The Pieces Together of a Small-Mid Cap ESG ETF
October 5, 2023
TSME
Exploring Actively Managed ETFs and Thrivent's SMID Cap Strategy
May 19, 2023
TSME
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Understanding US Multi-Factor Investing
May 9, 2023
TSME
Understanding US Multi-Factor Investing
May 9, 2023
TSME
Chad Miller on Thrivent's Small Mid Cap ESG ETF (TSME)
April 25, 2023
TSME
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