Keep tabs on your favorite ETFs with a personalized weekly tracker. Create a Watchlist now →
FNKvsHWSMETF Comparison
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 Financials, Consumer Discretionary and Industrials. In contrast, HWSM's top sector exposures are Financials, Industrials and Consumer Discretionary. FNK is more expensive with a Total Expense Ratio (TER) of 0.74%, versus 0.55% for HWSM. FNK is up 2.66% year-to-date (YTD) with +$43K in YTD flows. HWSM performs worse with -0.78% 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.
FNK vs HWSM performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FNK HWSM | -6.09%-6.72% | +0.30%-2.34% | +2.66%-0.78% | +15.95%n/a | +42.32%n/a | +43.22%n/a |
| Flows | FNK HWSM | +$43K+$15K | +$43K+$15K | +$43K+$15K | -$28M- | -$122M- | +$87M- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FNK HWSM | +14.30%+15.58% | +22.12%n/a | +20.15%n/a | +21.51%n/a |
| Max drawdown | FNK HWSM | -6.45%-8.60% | -15.82%n/a | -24.99%n/a | -24.99%n/a |
| Max drawdown duration | FNK HWSM | 31d18d | 49dn/a | 406dn/a | 406dn/a |
FNK | HWSM | |
Last sale 3/12/2026 at 1:30 PM | $56.40 | $26.92 |
| Previous close 03/12/2026 | $57.08 | $27.36 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Create an account to view replication metrics
FNK | HWSM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
FNK | HWSM | |
|---|---|---|
| Last price | $56.40 | $26.92 |
| 1D performance | -1.19% | -1.58% |
| AuM | $205.60 M | $2.42 M |
| E/R | 0.74% | 0.55% |
FNK | HWSM | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | First Trust | Hotchkis & Wiley Capital Management |
| Benchmark | NASDAQ AlphaDEX Mid Cap Value Index | - |
| N° of holdings | 214 | 149 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 19, 2011 | March 31, 2025 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the FNK and HWSM ETFs performed in 2026?
As of March 11, 2026, FNK is up 2.66% year-to-date (YTD), while HWSM has lost -0.78%. That puts FNK better performer ahead so far this year.
Which ETF is attracting more investor money: FNK or HWSM?
Year-to-date, the FNK ETF saw +$43K in flows, compared to +$15K for HWSM.
Which ETF is bigger: FNK or HWSM?
As of March 11, 2026, FNK holds $205.60 M in assets under management (AUM), while HWSM manages $2.42 M.
What sectors do the FNK and HWSM ETFs invest in?
FNK leans toward sectors like Financials, Consumer Discretionary and Industrials. Meanwhile, HWSM focuses on Financials, Industrials and Consumer Discretionary.
What are the top holdings of the FNK ETF and HWSM ETF?
FNK top holdings include CH1300646267, CALIFORNIA RESOURCES and NOV INC. HWSM holds in its top three: HUNTINGTON INGALLS INDUSTRIES, AXALTA COATING SYSTEMS LTD and CITIZENS FINANCIAL GROUP.
Which ETF is more diversified: FNK or HWSM?
FNK holds 224 securities with 12.04% of its assets in the top 15. HWSM has 164 securities and a top 15 weight of 16.68%.
Active Trader Report: Use of Leveraged & Inverse ETFs Way Up
Direxion partnered with Compound Insights and Vanda to explore what’s driving the evolution of active trading — and how active traders are using leveraged and inverse funds across equities, single stocks, commodities, and volatility.
