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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

-0.09%

Full FNK fund page

VS

ETF 2

FAB

First Trust Multi Cap Value AlphaDEX Fund ETF

This fund is part of

US Multi-Factor

-0.38%

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 Financials, Consumer Discretionary and Industrials. In contrast, FAB's top sector exposures are Financials, Energy and Consumer Discretionary. FNK is more expensive with a Total Expense Ratio (TER) of 0.74%, versus 0.66% for FAB. FNK is up 8.21% year-to-date (YTD) with +$43K in YTD flows. FAB performs better with 11.05% YTD performance, and +$4M 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 04/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FNK FAB	+6.43%+5.25%	+2.96%+5.89%	+8.21%+11.05%	+27.77%+32.81%	+47.32%+53.19%	+44.09%+50.60%
Flows	FNK FAB	--$493K	+$43K+$4M	+$43K+$4M	-$16M-$4M	-$103M-$126M	+$67M-$15M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FNK FAB	+13.93%+12.31%	+16.35%+14.73%	+19.83%+17.29%	+21.43%+19.09%
Max drawdown	FNK FAB	-9.07%-6.70%	-9.07%-6.70%	-24.99%-22.74%	-24.99%-22.74%
Max drawdown duration	FNK FAB	78d53d	78d53d	406d366d	406d366d

Trading data

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	FNK	FAB
Last sale 4/28/2026 at 1:30 PM	$59.83	$97.98
Previous close 04/28/2026	$59.95	$98.67
Consolidated volume 04/28/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 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 4/28/2026 at 1:30 PM

Live

Closed

	FNK	FAB
Last price	$59.83	$97.98
1D performance	-0.20%	-0.70%
AuM	$215.76 M	$138.01 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	214	636
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

92.52%

Other

7.48%

FAB

USA

93.6%

Other

6.4%

Sectors

FNK

Financials

22.51%

Consumer Discreti.

14.52%

Industrials

12.48%

Energy

11.06%

Utilities

7.61%

Other

31.82%

FAB

Financials

18.83%

Energy

15.48%

Consumer Discreti.

10.76%

Utilities

10.19%

Industrials

9.77%

Other

34.97%

Diversification

FNK

Total weight of top 15 holdings out of 15

14.69%

FAB

Total weight of top 15 holdings out of 15

8.45%

Top 15 holdings

Data as of March 31, 2026

FNK

APA CORPORATION

1.22%

OVINTIV INC

1.06%

CHORD ENERGY CORPORATION

1.06%

US71424F1057

1.06%

CALIFORNIA RESOURCES

1.06%

CH1300646267

1.04%

MATADOR RESOURCES

1.03%

MAGNOLIA OIL AND GAS CORP

0.99%

ALCOA CORP

0.98%

HF SINCLAIR CORPORATION

0.95%

NOV INC

0.86%

EASTMAN CHEMICAL

0.86%

FLUOR

0.86%

US8299331004

0.84%

CABOT

0.82%

FAB

CF INDUSTRIES HOLDINGS

0.70%

OCCIDENTAL U

0.64%

DOW INC

0.59%

CONOCOPHILLIPS

0.58%

EOG RESOURCES

0.57%

EXXON

0.57%

DEVON ENERGY

0.56%

SCHLUMBERGER

0.55%

COTERRA ENERGY

0.55%

CHEVRON TEXACO

0.55%

DIAMONDBACK ENERGY

0.54%

VERIZON COMMUNICATIONS

0.52%

TARGET

0.52%

EDISON INTERNATIONAL

0.52%

PFIZER

0.49%

Frequently asked questions about FNK and FAB

How have the FNK and FAB ETFs performed in 2026?

As of April 27, 2026, FNK is up 8.21% year-to-date (YTD), while FAB has returned 11.05%. 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 +$43K in flows, compared to +$4M for FAB.

Which ETF is more volatile: FNK or FAB?

Over the past year, FNK had a volatility of 16.35%, while FAB experienced 14.73%.

Which ETF is bigger: FNK or FAB?

As of April 27, 2026, FNK holds $215.76 M in assets under management (AUM), while FAB manages $138.01 M.

What sectors do the FNK and FAB ETFs invest in?

FNK leans toward sectors like Financials, Consumer Discretionary and Industrials. Meanwhile, FAB focuses on Financials, Energy and Consumer Discretionary.

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

FNK top holdings include APA CORPORATION, OVINTIV INC and CHORD ENERGY CORPORATION. FAB holds in its top three: CF INDUSTRIES HOLDINGS, OCCIDENTAL U and DOW 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 April 27, 2026, FNK is up 8.21% year-to-date (YTD), while FAB has returned 11.05%. 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 +$43K in flows, compared to +$4M for FAB.

Which ETF is more volatile: FNK or FAB?

Over the past year, FNK had a volatility of 16.35%, while FAB experienced 14.73%.

Which ETF is bigger: FNK or FAB?

As of April 27, 2026, FNK holds $215.76 M in assets under management (AUM), while FAB manages $138.01 M.

What sectors do the FNK and FAB ETFs invest in?

FNK leans toward sectors like Financials, Consumer Discretionary and Industrials. Meanwhile, FAB focuses on Financials, Energy and Consumer Discretionary.

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

FNK top holdings include APA CORPORATION, OVINTIV INC and CHORD ENERGY CORPORATION. FAB holds in its top three: CF INDUSTRIES HOLDINGS, OCCIDENTAL U and DOW INC.

Which ETF is more diversified: FNK or FAB?

FNK holds 224 securities with 14.69% of its assets in the top 15. FAB has 668 securities and a top 15 weight of 8.45%.

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