FEXvsIWRETF Comparison
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First Trust Large Cap Core AlphaDEX Fund ETF (FEX) belongs to the US Multi-Factor segment. iShares Russell Mid-Cap ETF (IWR) is part of the US Mid Cap segment. Both ETFs have the same top 3 sector exposures: Finance, Technology and Industrials. FEX is more expensive with a Total Expense Ratio (TER) of 0.57%, versus 0.18% for IWR. FEX is up 16.25% year-to-date (YTD) with -$3M in YTD flows. IWR performs worse with 14.68% YTD performance, and +$3.95B in YTD flows. Run a side-by-side ETF comparison of FEX and IWR 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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FEX vs IWR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FEX IWR | +2.00%+1.12% | +0.94%+0.86% | +16.25%+14.68% | +18.24%+14.51% | +81.51%+72.09% | +60.15%+40.63% |
| Flows | FEX IWR | -+$826M | +$147K+$1.02B | -$3M+$3.95B | -$21M+$5.32B | -$123M+$11.44B | -$160M+$13.29B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FEX IWR | +10.20%+11.41% | +12.92%+13.47% | +14.73%+15.76% | +16.87%+18.24% |
| Max drawdown | FEX IWR | -6.74%-6.83% | -6.74%-8.16% | -19.51%-21.08% | -21.53%-26.20% |
| Max drawdown duration | FEX IWR | 68d68d | 68d49d | 232d239d | 757d854d |
Trading data
FEX | IWR | |
Last sale 10/26/2026 at 1:30 PM | $137.47 | $110.03 |
| Previous close 10/23/2026 | $136.87 | $109.47 |
| 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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FEX | IWR | |
|---|---|---|
| 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
FEX | IWR | |
|---|---|---|
| Last price | $137.47 | $110.03 |
| 1D performance | +0.44% | +0.51% |
| AuM | $1.58 B | $56.99 B |
| E/R | 0.57% | 0.18% |
Characteristics
FEX | IWR | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | iShares |
| Benchmark | NASDAQ AlphaDEX Large Cap Core Index | Russell Midcap Index |
| N° of holdings | 372 | 808 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 8, 2007 | July 17, 2001 |
| ESG | No | No |
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Exposure
Countries
FEX
USA
94.16%
Other
5.84%
IWR
USA
96.24%
Other
3.76%
Sectors
FEX
Finance
20.76%
Technology
17.34%
Industrials
14.25%
Healthcare
9.9%
Energy
7.35%
Other
30.4%
IWR
Finance
21.61%
Technology
16.34%
Industrials
13.72%
Healthcare
11.84%
Other
36.48%
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Diversification
FEX
Total weight of top 15 holdings out of 15
8.51%
IWR
Total weight of top 15 holdings out of 15
8.43%
Top 15 holdings
Data as of August 31, 2026
FEX
Cognizant Technology Solutions Corp.
0.73%
Accenture Plc
0.68%
Regeneron Pharmaceuticals, Inc.
0.59%
ConocoPhillips
0.59%
AT&T, Inc.
0.56%
Global Payments, Inc.
0.56%
Super Micro Computer, Inc.
0.56%
Phillips 66
0.54%
PayPal Holdings, Inc.
0.54%
Devon Energy Corp.
0.53%
General Mills, Inc.
0.53%
Pfizer Inc.
0.53%
Verizon Communications, Inc.
0.53%
Copart, Inc.
0.52%
Zimmer Biomet Holdings, Inc.
0.52%
IWR
Snowflake, Inc.
0.80%
Marathon Petroleum Corp.
0.79%
Phillips 66
0.71%
Cloudflare, Inc.
0.69%
Robinhood Markets, Inc.
0.58%
Datadog, Inc.
0.56%
Hewlett Packard Enterprise Co.
0.50%
Warner Bros. Discovery, Inc.
0.49%
Simon Property Group, Inc.
0.49%
Royal Caribbean Group
0.49%
Digital Realty Trust, Inc.
0.48%
The Allstate Corp.
0.47%
Lumentum Holdings, Inc.
0.47%
United Rentals, Inc.
0.47%
Baker Hughes Co.
0.45%
Frequently asked questions about FEX and IWR
How have the FEX and IWR ETFs performed in 2026?
As of October 23, 2026, FEX is up 16.25% year-to-date (YTD), while IWR has returned 14.68%. That puts FEX better performer ahead so far this year.
Which ETF is attracting more investor money: FEX or IWR?
Year-to-date, the FEX ETF saw -$3M in flows, compared to +$3.95B for IWR.
Which ETF is more volatile: FEX or IWR?
Over the past year, FEX had a volatility of 12.92%, while IWR experienced 13.47%.
Which ETF is bigger: FEX or IWR?
As of October 23, 2026, FEX holds $1.58 B in assets under management (AUM), while IWR manages $56.99 B.
What sectors do the FEX and IWR ETFs invest in?
FEX leans toward sectors like Finance, Technology and Industrials. Meanwhile, IWR focuses on Finance, Technology and Industrials.
What are the top holdings of the FEX ETF and IWR ETF?
FEX top holdings include Cognizant Technology Solutions Corp., Accenture Plc and Regeneron Pharmaceuticals, Inc.. IWR holds in its top three: Snowflake, Inc., Marathon Petroleum Corp. and Phillips 66.
Which ETF is more diversified: FEX or IWR?
FEX holds 372 securities with 8.51% of its assets in the top 15. IWR has 818 securities and a top 15 weight of 8.43%.
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