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FNKvsHWSMETF 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

HWSM

H&W SMID Cap Diversified Value Fund

This fund is part of

US Multi-Factor

+0.14%

Full HWSM fund page

First Trust Mid Cap Value AlphaDEX Fund ETF (FNK) belongs to the US Mid Cap Value segment. H&W SMID Cap Diversified Value Fund (HWSM) is part of the US Multi-Factor segment. FNK's top 3 sector exposures are Finance, Consumer Cyclicals and Non-Energy Materials. In contrast, HWSM's top sector exposures are Finance, Consumer Cyclicals and Healthcare. FNK is more expensive with a Total Expense Ratio (TER) of 0.74%, versus 0.55% for HWSM. FNK is up 14.05% year-to-date (YTD) with +$562K in YTD flows. HWSM performs better with 16.11% YTD performance, and +$15K in YTD flows. Run a side-by-side ETF comparison of FNK and HWSM 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 HWSM 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 HWSM	+3.40%+2.78%	+5.70%+9.42%	+14.05%+16.11%	+19.39%+22.62%	+37.16%n/a	+54.61%n/a
Flows	FNK HWSM	+$520K-	+$520K-	+$562K+$15K	-$13M+$290K	-$64M-	+$29M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FNK HWSM	+12.36%+11.74%	+14.70%+15.02%	+19.04%n/a	+21.15%n/a
Max drawdown	FNK HWSM	-4.21%-2.55%	-9.07%-10.25%	-24.99%n/a	-24.99%n/a
Max drawdown duration	FNK HWSM	39d11d	122d92d	406dn/a	406dn/a

Trading data

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	FNK	HWSM
Last sale 7/28/2026 at 1:30 PM	$64.25	$32.00
Previous close 07/27/2026	$63.18	$31.51
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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HWSM

is actively managed and doesn’t replicate an index

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	FNK	HWSM
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	HWSM
Last price	$64.25	$32.00
1D performance	+1.69%	+1.56%
AuM	$226.79 M	$2.83 M
E/R	0.74%	0.55%

Characteristics

	FNK	HWSM
Management strategy	Passive	Active
Provider	First Trust	Hotchkis & Wiley Capital Management
Benchmark	NASDAQ AlphaDEX Mid Cap Value Index	-
N° of holdings	224	164
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	April 19, 2011	March 31, 2025
ESG	No	No

More FNK data on Trackinsight

More HWSM data on Trackinsight

Exposure

Countries

FNK

USA

95.68%

Other

4.32%

HWSM

USA

89.05%

Other

10.95%

Sectors

FNK

Finance

35.62%

Consumer Cyclical.

13.69%

Non-Energy Materi.

9.51%

Energy

8.78%

Industrials

7.8%

Other

24.6%

HWSM

Finance

30.05%

Consumer Cyclical.

13.13%

Healthcare

11.66%

Technology

9.66%

Industrials

8.22%

Utilities

7.36%

Other

19.92%

Diversification

FNK

Total weight of top 15 holdings out of 15

12.86%

HWSM

Total weight of top 15 holdings out of 15

22.3%

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%

HWSM

F5, Inc.

2.44%

PPG Industries, Inc.

2.15%

Dominion Energy, Inc.

1.96%

Telefonaktiebolaget LM Ericsson

1.72%

GE Healthcare Technologies, Inc.

1.60%

Workday, Inc.

1.55%

APA Corp.

1.38%

American International Group, Inc.

1.31%

The Timken Co.

1.25%

State Street Corp.

1.22%

Humana, Inc.

1.18%

U-Haul Holding Co.

1.17%

Host Hotels & Resorts, Inc.

1.16%

Jazz Pharmaceuticals Plc

1.11%

Stanley Black & Decker, Inc.

1.10%

Frequently asked questions about FNK and HWSM

How have the FNK and HWSM ETFs performed in 2026?

As of July 24, 2026, FNK is up 14.05% year-to-date (YTD), while HWSM has returned 16.11%. That puts HWSM better performer ahead so far this year.

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

Year-to-date, the FNK ETF saw +$562K in flows, compared to +$15K for HWSM.

Which ETF is more volatile: FNK or HWSM?

Over the past year, FNK had a volatility of 14.7%, while HWSM experienced 15.02%.

Which ETF is bigger: FNK or HWSM?

As of July 24, 2026, FNK holds $226.79 M in assets under management (AUM), while HWSM manages $2.83 M.

What sectors do the FNK and HWSM ETFs invest in?

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

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

FNK top holdings include Vornado Realty Trust, Kilroy Realty Corp. and Meritage Homes Corp.. HWSM holds in its top three: F5, Inc., PPG Industries, Inc. and Dominion Energy, Inc..

FNKvsHWSMETF Comparison

First Trust Mid Cap Value AlphaDEX Fund ETF

H&W SMID Cap Diversified Value Fund

FNK vs HWSM 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 HWSM ETFs performed in 2026?

As of July 24, 2026, FNK is up 14.05% year-to-date (YTD), while HWSM has returned 16.11%. That puts HWSM better performer ahead so far this year.

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

Year-to-date, the FNK ETF saw +$562K in flows, compared to +$15K for HWSM.

Which ETF is more volatile: FNK or HWSM?

Over the past year, FNK had a volatility of 14.7%, while HWSM experienced 15.02%.

Which ETF is bigger: FNK or HWSM?

As of July 24, 2026, FNK holds $226.79 M in assets under management (AUM), while HWSM manages $2.83 M.

What sectors do the FNK and HWSM ETFs invest in?

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

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

FNK top holdings include Vornado Realty Trust, Kilroy Realty Corp. and Meritage Homes Corp.. HWSM holds in its top three: F5, Inc., PPG Industries, Inc. and Dominion Energy, Inc..

Which ETF is more diversified: FNK or HWSM?

FNK holds 224 securities with 12.86% of its assets in the top 15. HWSM has 164 securities and a top 15 weight of 22.3%.

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