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FNKvsFABETF Comparison

ETF 1

FNK

First Trust Mid Cap Value AlphaDEX Fund ETF

This fund is part of

US Mid Cap Value

+0.41%

Full FNK fund page

VS

ETF 2

FAB

First Trust Multi Cap Value AlphaDEX Fund ETF

This fund is part of

US Multi-Factor

+0.14%

Full FAB fund page

First Trust Mid Cap Value AlphaDEX Fund ETF (FNK) belongs to the US Mid Cap Value segment. First Trust Multi Cap Value AlphaDEX Fund ETF (FAB) is part of the US Multi-Factor segment. FNK's top 3 sector exposures are Finance, Consumer Cyclicals and Non-Energy Materials. In contrast, FAB's top sector exposures are Finance, Consumer Cyclicals and Energy. FNK is more expensive with a Total Expense Ratio (TER) of 0.74%, versus 0.66% for FAB. FNK is up 14.05% year-to-date (YTD) with +$562K in YTD flows. FAB performs better with 18.27% YTD performance, and +$25M in YTD flows. Run a side-by-side ETF comparison of FNK and FAB 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 FAB performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 07/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FNK FAB	+3.40%+3.83%	+5.70%+6.73%	+14.05%+18.27%	+19.39%+26.24%	+37.16%+47.71%	+54.61%+62.16%
Flows	FNK FAB	+$520K+$26M	+$520K+$21M	+$562K+$25M	-$13M+$17M	-$64M-$54M	+$29M-$46M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FNK FAB	+12.36%+11.94%	+14.70%+13.37%	+19.04%+16.74%	+21.15%+18.87%
Max drawdown	FNK FAB	-4.21%-3.94%	-9.07%-6.70%	-24.99%-22.74%	-24.99%-22.74%
Max drawdown duration	FNK FAB	39d34d	122d53d	406d366d	406d366d

Trading data

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	FNK	FAB
Last sale 7/28/2026 at 1:30 PM	$64.25	$106.94
Previous close 07/27/2026	$63.18	$105.16
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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	FNK	FAB
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/28/2026 at 1:30 PM

Live

Closed

	FNK	FAB
Last price	$64.25	$106.94
1D performance	+1.69%	+1.70%
AuM	$226.79 M	$167.40 M
E/R	0.74%	0.66%

Characteristics

	FNK	FAB
Management strategy	Passive	Passive
Provider	First Trust	First Trust
Benchmark	NASDAQ AlphaDEX Mid Cap Value Index	NASDAQ AlphaDEX Multi Cap Value Index
N° of holdings	224	668
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	April 19, 2011	May 8, 2007
ESG	No	No

More FNK data on Trackinsight

More FAB data on Trackinsight

Exposure

Countries

FNK

USA

95.68%

Other

4.32%

FAB

USA

95.22%

Other

4.78%

Sectors

FNK

Finance

35.62%

Consumer Cyclical.

13.69%

Non-Energy Materi.

9.51%

Energy

8.78%

Industrials

7.8%

Other

24.6%

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%

Diversification

FNK

Total weight of top 15 holdings out of 15

12.86%

FAB

Total weight of top 15 holdings out of 15

7.82%

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%

SiriusXM Holdings, Inc.

0.89%

Macy's, Inc.

0.89%

Matson, Inc.

0.86%

Taylor Morrison Home Corp.

0.85%

Mohawk Industries, Inc.

0.84%

Solventum Corp.

0.83%

First American Financial Corp.

0.80%

EPR Properties

0.80%

Lithia Motors, Inc.

0.80%

Radian Group Inc.

0.79%

Bank OZK

0.79%

Toll Brothers, Inc.

0.79%

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%

Frequently asked questions about FNK and FAB

How have the FNK and FAB ETFs performed in 2026?

As of July 24, 2026, FNK is up 14.05% year-to-date (YTD), while FAB has returned 18.27%. That puts FAB better performer ahead so far this year.

Which ETF is attracting more investor money: FNK or FAB?

Year-to-date, the FNK ETF saw +$562K in flows, compared to +$25M for FAB.

Which ETF is more volatile: FNK or FAB?

Over the past year, FNK had a volatility of 14.7%, while FAB experienced 13.37%.

Which ETF is bigger: FNK or FAB?

As of July 24, 2026, FNK holds $226.79 M in assets under management (AUM), while FAB manages $167.40 M.

What sectors do the FNK and FAB ETFs invest in?

FNK leans toward sectors like Finance, Consumer Cyclicals and Non-Energy Materials. Meanwhile, FAB focuses on Finance, Consumer Cyclicals and Energy.

What are the top holdings of the FNK ETF and FAB ETF?

FNK top holdings include Vornado Realty Trust, Kilroy Realty Corp. and Meritage Homes Corp.. FAB holds in its top three: Humana, Inc., United Airlines Holdings, Inc. and Elevance Health, Inc..

FNKvsFABETF Comparison

First Trust Mid Cap Value AlphaDEX Fund ETF

First Trust Multi Cap Value AlphaDEX Fund ETF

FNK vs FAB performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the FNK and FAB ETFs performed in 2026?

As of July 24, 2026, FNK is up 14.05% year-to-date (YTD), while FAB has returned 18.27%. That puts FAB better performer ahead so far this year.

Which ETF is attracting more investor money: FNK or FAB?

Year-to-date, the FNK ETF saw +$562K in flows, compared to +$25M for FAB.

Which ETF is more volatile: FNK or FAB?

Over the past year, FNK had a volatility of 14.7%, while FAB experienced 13.37%.

Which ETF is bigger: FNK or FAB?

As of July 24, 2026, FNK holds $226.79 M in assets under management (AUM), while FAB manages $167.40 M.

What sectors do the FNK and FAB ETFs invest in?

FNK leans toward sectors like Finance, Consumer Cyclicals and Non-Energy Materials. Meanwhile, FAB focuses on Finance, Consumer Cyclicals and Energy.

What are the top holdings of the FNK ETF and FAB ETF?

FNK top holdings include Vornado Realty Trust, Kilroy Realty Corp. and Meritage Homes Corp.. FAB holds in its top three: Humana, Inc., United Airlines Holdings, Inc. and Elevance Health, Inc..

Which ETF is more diversified: FNK or FAB?

FNK holds 224 securities with 12.86% of its assets in the top 15. FAB has 668 securities and a top 15 weight of 7.82%.

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