FEXvsVOETF Comparison
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First Trust Large Cap Core AlphaDEX Fund ETF (FEX) belongs to the US Multi-Factor segment. Vanguard Morningstar Mid-Cap ETF (VO) 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 0.03% for VO. FEX is up 16.82% year-to-date (YTD) with -$3M in YTD flows. VO performs worse with 12.54% YTD performance, and +$5.68B in YTD flows. Run a side-by-side ETF comparison of FEX and VO 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 VO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/22/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FEX VO | +1.90%+1.43% | +1.26%+0.90% | +16.82%+12.54% | +19.98%+11.64% | +82.40%+69.62% | +61.41%+37.89% |
| Flows | FEX VO | --$343M | +$147K+$1.37B | -$3M+$5.68B | -$21M+$7.45B | -$123M+$21.93B | -$160M+$29.55B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FEX VO | +10.16%+10.60% | +12.94%+12.48% | +14.74%+14.55% | +16.86%+17.53% |
| Max drawdown | FEX VO | -6.74%-6.83% | -6.74%-8.12% | -19.51%-18.93% | -21.53%-27.54% |
| Max drawdown duration | FEX VO | 67d68d | 67d49d | 232d211d | 757d972d |
Trading data
FEX | VO | |
Last sale 10/23/2026 at 1:30 PM | $136.87 | $80.77 |
| Previous close 10/22/2026 | $137.49 | $81.27 |
| Consolidated volume 10/22/2026 | ||
| 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 | VO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
FEX | VO | |
|---|---|---|
| Last price | $136.87 | $80.77 |
| 1D performance | -0.45% | -0.62% |
| AuM | $1.59 B | $107.00 B |
| E/R | 0.57% | 0.03% |
Characteristics
FEX | VO | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | Vanguard |
| Benchmark | NASDAQ AlphaDEX Large Cap Core Index | CRSP U.S. Mid Cap Index |
| N° of holdings | 372 | 277 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 8, 2007 | January 26, 2004 |
| ESG | No | No |
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Exposure
Countries
FEX
USA
94.16%
Other
5.84%
VO
USA
95.4%
Other
4.6%
Sectors
FEX
Finance
20.76%
Technology
17.34%
Industrials
14.25%
Healthcare
9.9%
Energy
7.35%
Other
30.4%
VO
Finance
20.58%
Technology
16.83%
Industrials
16.07%
Energy
8.72%
Healthcare
8.54%
Utilities
7.66%
Other
21.61%
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Diversification
FEX
Total weight of top 15 holdings out of 15
8.51%
VO
Total weight of top 15 holdings out of 15
13.12%
Top 15 holdings
Data as of August 31, 2026
FEX
Cognizant Technology Solutions Corp.
0.73%
Accenture Plc
0.68%
ConocoPhillips
0.59%
Regeneron Pharmaceuticals, Inc.
0.59%
Super Micro Computer, Inc.
0.56%
Global Payments, Inc.
0.56%
AT&T, Inc.
0.56%
PayPal Holdings, Inc.
0.54%
Phillips 66
0.54%
Devon Energy Corp.
0.53%
General Mills, Inc.
0.53%
Verizon Communications, Inc.
0.53%
Pfizer Inc.
0.53%
Copart, Inc.
0.52%
Zimmer Biomet Holdings, Inc.
0.52%
VO
Marathon Petroleum Corp.
1.04%
Valero Energy Corp.
1.01%
Vertiv Holdings Co.
0.95%
Phillips 66
0.94%
Howmet Aerospace, Inc.
0.93%
Cloudflare, Inc.
0.93%
Seagate Technology Holdings Plc
0.88%
Quanta Services, Inc.
0.87%
SLB Ltd.
0.86%
Constellation Energy Corp.
0.85%
DoorDash, Inc.
0.82%
Robinhood Markets, Inc.
0.79%
Motorola Solutions, Inc.
0.77%
Datadog, Inc.
0.75%
Cummins, Inc.
0.74%
Frequently asked questions about FEX and VO
How have the FEX and VO ETFs performed in 2026?
As of October 22, 2026, FEX is up 16.82% year-to-date (YTD), while VO has returned 12.54%. That puts FEX better performer ahead so far this year.
Which ETF is attracting more investor money: FEX or VO?
Year-to-date, the FEX ETF saw -$3M in flows, compared to +$5.68B for VO.
Which ETF is more volatile: FEX or VO?
Over the past year, FEX had a volatility of 12.94%, while VO experienced 12.48%.
Which ETF is bigger: FEX or VO?
As of October 22, 2026, FEX holds $1.59 B in assets under management (AUM), while VO manages $107.00 B.
What sectors do the FEX and VO ETFs invest in?
FEX leans toward sectors like Finance, Technology and Industrials. Meanwhile, VO focuses on Finance, Technology and Industrials.
What are the top holdings of the FEX ETF and VO ETF?
FEX top holdings include Cognizant Technology Solutions Corp., Accenture Plc and ConocoPhillips. VO holds in its top three: Marathon Petroleum Corp., Valero Energy Corp. and Vertiv Holdings Co..
Which ETF is more diversified: FEX or VO?
FEX holds 372 securities with 8.51% of its assets in the top 15. VO has 280 securities and a top 15 weight of 13.12%.
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