FNKvsFABETF Comparison
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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. Both ETFs have the same top 3 sector exposures: Finance, Energy and Consumer Cyclicals. FNK is more expensive with a Total Expense Ratio (TER) of 0.74%, versus 0.66% for FAB. FNK is up 14.71% year-to-date (YTD) with +$10M in YTD flows. FAB performs better with 19.58% YTD performance, and +$20M 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
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FNK FAB | +5.20%+5.36% | +0.31%+0.63% | +14.71%+19.58% | +16.89%+22.61% | +56.94%+67.10% | +46.62%+56.24% |
| Flows | FNK FAB | +$9M-$5M | +$9M-$5M | +$10M+$20M | +$12M+$16M | -$44M-$52M | +$53M-$25M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FNK FAB | +11.90%+11.39% | +13.43%+12.37% | +18.76%+16.58% | +21.00%+18.79% |
| Max drawdown | FNK FAB | -8.76%-8.34% | -9.07%-8.34% | -24.99%-22.74% | -24.99%-22.74% |
| Max drawdown duration | FNK FAB | 53d71d | 122d71d | 406d366d | 406d366d |
Trading data
FNK | FAB | |
Last sale 10/27/2026 at 1:30 PM | $62.94 | $104.89 |
| Previous close 10/26/2026 | $63.07 | $105.21 |
| Consolidated volume 10/26/2026 | ||
| 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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FNK | FAB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/27/2026 at 1:30 PM
Live
Closed
FNK | FAB | |
|---|---|---|
| Last price | $62.94 | $104.89 |
| 1D performance | -0.21% | -0.30% |
| AuM | $236.50 M | $163.09 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 |
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Exposure
Countries
FNK
USA
95.37%
Other
4.63%
FAB
USA
94.1%
Other
5.9%
Sectors
FNK
Finance
29.47%
Energy
15.45%
Consumer Cyclical.
12.58%
Non-Energy Materi.
9.43%
Industrials
7.26%
Other
25.81%
FAB
Finance
29.23%
Energy
13.57%
Consumer Cyclical.
9.4%
Consumer Non-Cycl.
7.53%
Utilities
7.1%
Other
33.17%
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Diversification
FNK
Total weight of top 15 holdings out of 15
13.46%
FAB
Total weight of top 15 holdings out of 15
7.96%
Top 15 holdings
Data as of August 31, 2026
FNK
HF Sinclair Corp.
1.05%
EPAM Systems, Inc.
1.03%
SM Energy Co.
1.02%
Genpact Ltd.
0.96%
APA Corp.
0.95%
Permian Resources Corp.
0.91%
Ovintiv, Inc.
0.89%
Lithia Motors, Inc.
0.89%
CF Industries Holdings, Inc.
0.88%
Matador Resources Co.
0.83%
Gap, Inc.
0.83%
Lyft, Inc.
0.81%
Universal Health Services, Inc.
0.81%
Paycom Software, Inc.
0.80%
ADT, Inc.
0.80%
FAB
Cognizant Technology Solutions Corp.
0.70%
Accenture Plc
0.65%
ConocoPhillips
0.56%
AT&T, Inc.
0.54%
Super Micro Computer, Inc.
0.54%
Global Payments, Inc.
0.53%
PayPal Holdings, Inc.
0.52%
Phillips 66
0.51%
Verizon Communications, Inc.
0.51%
General Mills, Inc.
0.50%
EOG Resources, Inc.
0.49%
Zimmer Biomet Holdings, Inc.
0.49%
Valero Energy Corp.
0.48%
Expand Energy Corp.
0.47%
The Travelers Cos., Inc.
0.47%
Frequently asked questions about FNK and FAB
How have the FNK and FAB ETFs performed in 2026?
As of October 26, 2026, FNK is up 14.71% year-to-date (YTD), while FAB has returned 19.58%. 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 +$10M in flows, compared to +$20M for FAB.
Which ETF is more volatile: FNK or FAB?
Over the past year, FNK had a volatility of 13.43%, while FAB experienced 12.37%.
Which ETF is bigger: FNK or FAB?
As of October 26, 2026, FNK holds $236.50 M in assets under management (AUM), while FAB manages $163.09 M.
What sectors do the FNK and FAB ETFs invest in?
FNK leans toward sectors like Finance, Energy and Consumer Cyclicals. Meanwhile, FAB focuses on Finance, Energy and Consumer Cyclicals.
What are the top holdings of the FNK ETF and FAB ETF?
FNK top holdings include HF Sinclair Corp., EPAM Systems, Inc. and SM Energy Co.. FAB holds in its top three: Cognizant Technology Solutions Corp., Accenture Plc and ConocoPhillips.
Which ETF is more diversified: FNK or FAB?
FNK holds 224 securities with 13.46% of its assets in the top 15. FAB has 668 securities and a top 15 weight of 7.96%.
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