FNXvsDFASETF Comparison
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First Trust Mid Cap Core AlphaDEX Fund ETF (FNX) belongs to the US Multi-Factor segment. Dimensional US Small Cap ETF (DFAS) is part of the US Small Cap segment. Both ETFs have the same top 3 sector exposures: Finance, Industrials and Technology. FNX is more expensive with a Total Expense Ratio (TER) of 0.62%, versus 0.26% for DFAS. FNX is up 14.06% year-to-date (YTD) with +$91M in YTD flows. DFAS performs better with 15.09% YTD performance, and +$1.55B in YTD flows. Run a side-by-side ETF comparison of FNX and DFAS 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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FNX vs DFAS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FNX DFAS | +5.02%+2.84% | +0.18%-1.69% | +14.06%+15.09% | +15.19%+18.83% | +71.96%+67.07% | +46.67%+38.96% |
| Flows | FNX DFAS | +$49M+$118M | +$56M+$374M | +$91M+$1.55B | +$85M+$1.90B | -$70M+$5.34B | -$21M+$7.56B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FNX DFAS | +11.48%+11.79% | +14.93%+15.04% | +18.47%+19.18% | +20.49%+20.53% |
| Max drawdown | FNX DFAS | -8.63%-8.37% | -9.22%-9.26% | -25.04%-26.11% | -25.04%-26.11% |
| Max drawdown duration | FNX DFAS | 74d75d | 65d66d | 289d373d | 289d373d |
Trading data
FNX | DFAS | |
Last sale 10/30/2026 at 1:30 PM | $141.21 | $79.60 |
| Previous close 10/29/2026 | $142.58 | $80.56 |
| Consolidated volume 10/29/2026 | ||
| 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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DFAS
is actively managed and doesn’t replicate an indexFNX | DFAS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
FNX | DFAS | |
|---|---|---|
| Last price | $141.21 | $79.60 |
| 1D performance | -0.96% | -1.19% |
| AuM | $1.43 B | $15.38 B |
| E/R | 0.62% | 0.26% |
Characteristics
FNX | DFAS | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | First Trust | Dimensional |
| Benchmark | NASDAQ AlphaDEX Mid Cap Core Index | - |
| N° of holdings | 449 | 2013 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 8, 2007 | June 14, 2021 |
| ESG | No | No |
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Exposure
Countries
FNX
USA
97.57%
Other
2.43%
DFAS
USA
95.91%
Other
4.09%
Sectors
FNX
Finance
25.37%
Industrials
13.37%
Technology
11.49%
Healthcare
11.4%
Consumer Cyclical.
9.07%
Energy
8.54%
Other
20.76%
DFAS
Finance
21.59%
Industrials
14.84%
Technology
13.06%
Healthcare
13.04%
Non-Energy Materi.
7.48%
Consumer Cyclical.
7.47%
Other
22.5%
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Diversification
FNX
Total weight of top 15 holdings out of 15
7.4%
DFAS
Total weight of top 15 holdings out of 15
3.88%
Top 15 holdings
Data as of September 30, 2026
FNX
HF Sinclair Corp.
0.64%
EPAM Systems, Inc.
0.57%
SM Energy Co.
0.53%
APA Corp.
0.53%
Genpact Ltd.
0.50%
Okta, Inc.
0.49%
Gap, Inc.
0.48%
Universal Health Services, Inc.
0.47%
Permian Resources Corp.
0.47%
Guardant Health, Inc.
0.46%
Amneal Pharmaceuticals, Inc.
0.46%
Matson, Inc.
0.46%
Solventum Corp.
0.45%
Ovintiv, Inc.
0.45%
Urban Outfitters, Inc.
0.44%
DFAS
Charles River Laboratories International, Inc.
0.29%
WESCO International, Inc.
0.27%
APA Corp.
0.27%
DigitalOcean Holdings, Inc.
0.26%
Halozyme Therapeutics, Inc.
0.26%
Jazz Pharmaceuticals Plc
0.26%
TTM Technologies, Inc.
0.26%
Applied Industrial Technologies, Inc.
0.26%
The J. M. Smucker Co.
0.26%
Onto Innovation, Inc.
0.25%
BorgWarner, Inc.
0.25%
Revvity, Inc.
0.25%
IES Holdings, Inc.
0.25%
Invesco Ltd.
0.25%
Arrow Electronics, Inc.
0.24%
Frequently asked questions about FNX and DFAS
How have the FNX and DFAS ETFs performed in 2026?
As of October 29, 2026, FNX is up 14.06% year-to-date (YTD), while DFAS has returned 15.09%. That puts DFAS better performer ahead so far this year.
Which ETF is attracting more investor money: FNX or DFAS?
Year-to-date, the FNX ETF saw +$91M in flows, compared to +$1.55B for DFAS.
Which ETF is more volatile: FNX or DFAS?
Over the past year, FNX had a volatility of 14.93%, while DFAS experienced 15.04%.
Which ETF is bigger: FNX or DFAS?
As of October 29, 2026, FNX holds $1.43 B in assets under management (AUM), while DFAS manages $15.38 B.
What sectors do the FNX and DFAS ETFs invest in?
FNX leans toward sectors like Finance, Industrials and Technology. Meanwhile, DFAS focuses on Finance, Industrials and Technology.
What are the top holdings of the FNX ETF and DFAS ETF?
FNX top holdings include HF Sinclair Corp., EPAM Systems, Inc. and SM Energy Co.. DFAS holds in its top three: Charles River Laboratories International, Inc., WESCO International, Inc. and APA Corp..
Which ETF is more diversified: FNX or DFAS?
FNX holds 449 securities with 7.4% of its assets in the top 15. DFAS has 2051 securities and a top 15 weight of 3.88%.
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Latest news about FNX & DFAS
Small Caps and Value Stocks Continue to Rally Amid Market Rotation
July 22, 2024
DFAS
Dimensional Fund Advisors Celebrates 3-Year ETF Anniversary
November 8, 2023
DFAS
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