FNXvsSMMDETF Comparison
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First Trust Mid Cap Core AlphaDEX Fund ETF (FNX) and iShares Russell 2500 ETF (SMMD) belong to the same industry segment: US Multi-Factor. FNX's top 3 sector exposures are Finance, Industrials and Healthcare. In contrast, SMMD's top sector exposures are Finance, Healthcare and Industrials. FNX is more expensive with a Total Expense Ratio (TER) of 0.62%, versus 0.23% for SMMD. FNX is up 12.81% year-to-date (YTD) with +$35M in YTD flows. SMMD performs better with 17.63% YTD performance, and +$1.22B in YTD flows. Run a side-by-side ETF comparison of FNX and SMMD 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 SMMD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FNX SMMD | -4.41%-5.64% | -1.47%-2.90% | +12.81%+17.63% | +14.14%+20.38% | +52.65%+61.85% | +50.60%+43.84% |
| Flows | FNX SMMD | -+$199M | -$5M+$419M | +$35M+$1.22B | +$26M+$1.69B | -$135M+$2.30B | -$87M+$2.79B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FNX SMMD | +11.05%+13.41% | +15.40%+17.47% | +18.71%+19.38% | +20.58%+20.95% |
| Max drawdown | FNX SMMD | -4.67%-6.03% | -9.22%-9.48% | -25.04%-25.55% | -25.04%-28.20% |
| Max drawdown duration | FNX SMMD | 29d30d | 65d43d | 289d283d | 289d980d |
Trading data
FNX | SMMD | |
Last sale 9/15/2026 at 7:49 PM | $140.54 | $87.69 |
| Previous close 09/15/2026 | $141.56 | $87.50 |
| Consolidated volume 09/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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FNX | SMMD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/15/2026 at 7:49 PM
Live
Closed
FNX | SMMD | |
|---|---|---|
| Last price | $140.54 | $87.69 |
| 1D performance | -0.72% | +0.22% |
| AuM | $1.36 B | $3.83 B |
| E/R | 0.62% | 0.23% |
Characteristics
FNX | SMMD | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | iShares |
| Benchmark | NASDAQ AlphaDEX Mid Cap Core Index | Russell 2500 Index |
| N° of holdings | 448 | 2449 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 8, 2007 | July 6, 2017 |
| ESG | No | No |
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Exposure
Countries
FNX
USA
97.13%
Other
2.87%
SMMD
USA
95.29%
Other
4.71%
Sectors
FNX
Finance
25.35%
Industrials
13.44%
Healthcare
11.43%
Technology
10.03%
Consumer Cyclical.
9.05%
Energy
8.57%
Other
22.13%
SMMD
Finance
25.19%
Healthcare
14.82%
Industrials
14.07%
Technology
12.73%
Non-Energy Materi.
8.03%
Other
25.16%
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Diversification
FNX
Total weight of top 15 holdings out of 15
6.94%
SMMD
Total weight of top 15 holdings out of 15
4.49%
Top 15 holdings
Data as of July 31, 2026
FNX
SM Energy Co.
0.53%
Genpact Ltd.
0.50%
APA Corp.
0.50%
EPAM Systems, Inc.
0.50%
HF Sinclair Corp.
0.49%
Permian Resources Corp.
0.48%
Lithia Motors, Inc.
0.47%
Ovintiv, Inc.
0.47%
Lyft, Inc.
0.44%
Matador Resources Co.
0.43%
Solventum Corp.
0.43%
CF Industries Holdings, Inc.
0.43%
Universal Health Services, Inc.
0.43%
Matson, Inc.
0.42%
ADT, Inc.
0.42%
SMMD
ATI, Inc.
0.34%
BlackRock Cash Funds - Treasury
0.33%
Carpenter Technology Corp.
0.33%
nVent Electric Plc
0.32%
US Foods Holding Corp.
0.30%
F5, Inc.
0.30%
Packaging Corporation of America
0.29%
NiSource, Inc.
0.29%
Tenet Healthcare Corp.
0.29%
Woodward, Inc.
0.29%
SoFi Technologies, Inc.
0.28%
Snap-On, Inc.
0.28%
Viatris, Inc.
0.28%
Affirm Holdings, Inc.
0.28%
Reliance, Inc.
0.28%
Frequently asked questions about FNX and SMMD
How have the FNX and SMMD ETFs performed in 2026?
As of September 14, 2026, FNX is up 12.81% year-to-date (YTD), while SMMD has returned 17.63%. That puts SMMD better performer ahead so far this year.
Which ETF is attracting more investor money: FNX or SMMD?
Year-to-date, the FNX ETF saw +$35M in flows, compared to +$1.22B for SMMD.
Which ETF is more volatile: FNX or SMMD?
Over the past year, FNX had a volatility of 15.4%, while SMMD experienced 17.47%.
Which ETF is bigger: FNX or SMMD?
As of September 14, 2026, FNX holds $1.36 B in assets under management (AUM), while SMMD manages $3.83 B.
What sectors do the FNX and SMMD ETFs invest in?
FNX leans toward sectors like Finance, Industrials and Healthcare. Meanwhile, SMMD focuses on Finance, Healthcare and Industrials.
What are the top holdings of the FNX ETF and SMMD ETF?
FNX top holdings include SM Energy Co., Genpact Ltd. and APA Corp.. SMMD holds in its top three: ATI, Inc., BlackRock Cash Funds - Treasury and Carpenter Technology Corp..
Which ETF is more diversified: FNX or SMMD?
FNX holds 448 securities with 6.94% of its assets in the top 15. SMMD has 2468 securities and a top 15 weight of 4.49%.
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