FNKvsDFATETF Comparison
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First Trust Mid Cap Value AlphaDEX Fund ETF (FNK) belongs to the US Mid Cap Value segment. Dimensional US Targeted Value ETF (DFAT) is part of the US Multi-Factor segment. FNK's top 3 sector exposures are Finance, Consumer Cyclicals and Non-Energy Materials. In contrast, DFAT's top sector exposures are Finance, Industrials and Consumer Cyclicals. FNK is more expensive with a Total Expense Ratio (TER) of 0.74%, versus 0.28% for DFAT. FNK is up 16.29% year-to-date (YTD) with +$562K in YTD flows. DFAT performs better with 19.67% YTD performance, and +$203M in YTD flows. Run a side-by-side ETF comparison of FNK and DFAT 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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FNK vs DFAT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FNK DFAT | +4.25%+1.32% | +7.62%+6.35% | +16.29%+19.67% | +21.11%+28.25% | +38.78%+51.69% | +57.25%+75.28% |
| Flows | FNK DFAT | +$520K-$23M | +$520K+$76M | +$562K+$203M | -$13M+$400M | -$61M+$1.43B | +$29M+$3.47B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FNK DFAT | +12.74%+13.02% | +14.78%+16.18% | +19.06%+19.80% | +21.16%+21.20% |
| Max drawdown | FNK DFAT | -4.21%-3.59% | -9.07%-9.68% | -24.99%-26.29% | -24.99%-26.29% |
| Max drawdown duration | FNK DFAT | 39d26d | 122d65d | 406d379d | 406d379d |
Trading data
FNK | DFAT | |
Last sale 7/29/2026 at 1:30 PM | $64.13 | $70.98 |
| Previous close 07/28/2026 | $64.25 | $71.52 |
| Consolidated volume 07/28/2026 | ||
| 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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DFAT
is actively managed and doesn’t replicate an indexFNK | DFAT | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/29/2026 at 1:30 PM
Live
Closed
FNK | DFAT | |
|---|---|---|
| Last price | $64.13 | $70.98 |
| 1D performance | -0.19% | -0.76% |
| AuM | $231.23 M | $14.48 B |
| E/R | 0.74% | 0.28% |
Characteristics
FNK | DFAT | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | First Trust | Dimensional |
| Benchmark | NASDAQ AlphaDEX Mid Cap Value Index | - |
| N° of holdings | 224 | 1199 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 19, 2011 | June 14, 2021 |
| ESG | No | No |
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Exposure
Countries
FNK
USA
95.68%
Other
4.32%
DFAT
USA
93.2%
Other
6.8%
Sectors
FNK
Finance
35.62%
Consumer Cyclical.
13.69%
Non-Energy Materi.
9.51%
Energy
8.78%
Industrials
7.8%
Other
24.6%
DFAT
Finance
29.82%
Industrials
11.97%
Consumer Cyclical.
11.58%
Energy
9.93%
Non-Energy Materi.
8.3%
Consumer Non-Cycl.
8.17%
Other
20.24%
Diversification
FNK
Total weight of top 15 holdings out of 15
12.86%
DFAT
Total weight of top 15 holdings out of 15
9.36%
Top 15 holdings
Data as of June 30, 2026
FNK
Vornado Realty Trust
1.06%
Kilroy Realty Corp.
0.96%
Meritage Homes Corp.
0.91%
Macy's, Inc.
0.89%
SiriusXM Holdings, Inc.
0.89%
Matson, Inc.
0.86%
Taylor Morrison Home Corp.
0.85%
Mohawk Industries, Inc.
0.84%
Solventum Corp.
0.83%
EPR Properties
0.80%
Lithia Motors, Inc.
0.80%
First American Financial Corp.
0.80%
Radian Group Inc.
0.79%
Bank OZK
0.79%
Toll Brothers, Inc.
0.79%
DFAT
Toll Brothers, Inc.
0.72%
Amkor Technology, Inc.
0.71%
Permian Resources Corp.
0.70%
Ball Corp.
0.67%
CNH Industrial NV
0.67%
Performance Food Group Co.
0.66%
BorgWarner, Inc.
0.65%
Ovintiv, Inc.
0.62%
The J. M. Smucker Co.
0.61%
Ally Financial, Inc.
0.59%
APA Corp.
0.57%
Knight-Swift Transportation Holdings, Inc.
0.56%
Arrow Electronics, Inc.
0.54%
First Horizon Corp. (Tennessee)
0.54%
HF Sinclair Corp.
0.54%
Frequently asked questions about FNK and DFAT
How have the FNK and DFAT ETFs performed in 2026?
As of July 28, 2026, FNK is up 16.29% year-to-date (YTD), while DFAT has returned 19.67%. That puts DFAT better performer ahead so far this year.
Which ETF is attracting more investor money: FNK or DFAT?
Year-to-date, the FNK ETF saw +$562K in flows, compared to +$203M for DFAT.
Which ETF is more volatile: FNK or DFAT?
Over the past year, FNK had a volatility of 14.78%, while DFAT experienced 16.18%.
Which ETF is bigger: FNK or DFAT?
As of July 28, 2026, FNK holds $231.23 M in assets under management (AUM), while DFAT manages $14.48 B.
What sectors do the FNK and DFAT ETFs invest in?
FNK leans toward sectors like Finance, Consumer Cyclicals and Non-Energy Materials. Meanwhile, DFAT focuses on Finance, Industrials and Consumer Cyclicals.
What are the top holdings of the FNK ETF and DFAT ETF?
FNK top holdings include Vornado Realty Trust, Kilroy Realty Corp. and Meritage Homes Corp.. DFAT holds in its top three: Toll Brothers, Inc., Amkor Technology, Inc. and Permian Resources Corp..
Which ETF is more diversified: FNK or DFAT?
FNK holds 224 securities with 12.86% of its assets in the top 15. DFAT has 1229 securities and a top 15 weight of 9.36%.
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