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. Both ETFs have the same top 3 sector exposures: Finance, Industrials and Healthcare. FNX is more expensive with a Total Expense Ratio (TER) of 0.62%, versus 0.23% for SMMD. FNX is up 14.62% year-to-date (YTD) with +$35M in YTD flows. SMMD performs better with 19.9% YTD performance, and +$880M 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 07/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FNX SMMD | -1.78%-2.27% | +3.92%+5.80% | +14.62%+19.90% | +22.64%+29.89% | +47.05%+54.26% | +53.19%+48.06% |
| Flows | FNX SMMD | -$5M+$40M | +$2M+$428M | +$35M+$880M | -$11M+$1.45B | -$115M+$1.98B | -$82M+$2.47B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FNX SMMD | +13.96%+17.44% | +16.05%+17.88% | +18.78%+19.39% | +20.66%+20.96% |
| Max drawdown | FNX SMMD | -4.40%-4.22% | -9.22%-9.48% | -25.04%-25.55% | -25.04%-28.20% |
| Max drawdown duration | FNX SMMD | 19d16d | 65d43d | 289d283d | 289d980d |
Trading data
FNX | SMMD | |
Last sale 7/31/2026 at 1:30 PM | $143.28 | $89.09 |
| Previous close 07/30/2026 | $143.81 | $89.35 |
| Consolidated volume 07/30/2026 | ||
| 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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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 7/31/2026 at 1:30 PM
Live
Closed
FNX | SMMD | |
|---|---|---|
| Last price | $143.28 | $89.09 |
| 1D performance | -0.37% | -0.29% |
| AuM | $1.38 B | $3.58 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 | 2467 |
| 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
97.1%
Other
2.9%
SMMD
USA
95.04%
Other
4.96%
Sectors
FNX
Finance
26.7%
Industrials
15.27%
Healthcare
11.09%
Technology
10.6%
Consumer Cyclical.
9.3%
Non-Energy Materi.
7.04%
Other
20%
SMMD
Finance
23.86%
Industrials
15.48%
Healthcare
14.26%
Technology
13.89%
Non-Energy Materi.
8.19%
Other
24.33%
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Diversification
FNX
Total weight of top 15 holdings out of 15
7.96%
SMMD
Total weight of top 15 holdings out of 15
4.88%
Top 15 holdings
Data as of June 30, 2026
FNX
Vicor Corp.
0.71%
Sanmina Corp.
0.62%
Sterling Infrastructure, Inc.
0.62%
TTM Technologies, Inc.
0.60%
ViaSat, Inc.
0.59%
DigitalOcean Holdings, Inc.
0.55%
BrightSpring Health Services, Inc.
0.54%
Vornado Realty Trust
0.50%
IES Holdings, Inc.
0.48%
Moog, Inc.
0.47%
Enova International, Inc.
0.47%
Viavi Solutions, Inc.
0.46%
Dycom Industries, Inc.
0.45%
Kilroy Realty Corp.
0.45%
PACS Group, Inc.
0.45%
SMMD
MKS, Inc.
0.40%
Carpenter Technology Corp.
0.40%
nVent Electric Plc
0.36%
ATI, Inc.
0.35%
MACOM Technology Solutions Holdings, Inc.
0.34%
Woodward, Inc.
0.34%
Sterling Infrastructure, Inc.
0.33%
F5, Inc.
0.31%
Affirm Holdings, Inc.
0.30%
NiSource, Inc.
0.30%
SoFi Technologies, Inc.
0.30%
US Foods Holding Corp.
0.30%
C.H. Robinson Worldwide, Inc.
0.29%
Lattice Semiconductor Corp.
0.28%
Packaging Corporation of America
0.27%
Frequently asked questions about FNX and SMMD
How have the FNX and SMMD ETFs performed in 2026?
As of July 30, 2026, FNX is up 14.62% year-to-date (YTD), while SMMD has returned 19.9%. 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 +$880M for SMMD.
Which ETF is more volatile: FNX or SMMD?
Over the past year, FNX had a volatility of 16.05%, while SMMD experienced 17.88%.
Which ETF is bigger: FNX or SMMD?
As of July 30, 2026, FNX holds $1.38 B in assets under management (AUM), while SMMD manages $3.58 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, Industrials and Healthcare.
What are the top holdings of the FNX ETF and SMMD ETF?
FNX top holdings include Vicor Corp., Sanmina Corp. and Sterling Infrastructure, Inc.. SMMD holds in its top three: MKS, Inc., Carpenter Technology Corp. and nVent Electric Plc.
Which ETF is more diversified: FNX or SMMD?
FNX holds 448 securities with 7.96% of its assets in the top 15. SMMD has 2505 securities and a top 15 weight of 4.88%.
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