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 Technology. In contrast, SMMD's top sector exposures are Finance, Healthcare and Technology. FNX is more expensive with a Total Expense Ratio (TER) of 0.62%, versus 0.23% for SMMD. FNX is up 14.06% year-to-date (YTD) with +$91M in YTD flows. SMMD performs better with 16.29% YTD performance, and +$1.62B 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 10/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FNX SMMD | +5.02%+1.22% | +0.18%-3.01% | +14.06%+16.29% | +15.19%+18.65% | +71.96%+77.14% | +46.67%+35.29% |
| Flows | FNX SMMD | +$49M+$150M | +$56M+$742M | +$91M+$1.62B | +$85M+$1.95B | -$70M+$2.69B | -$21M+$3.15B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FNX SMMD | +11.48%+12.98% | +14.93%+17.05% | +18.47%+19.18% | +20.49%+20.89% |
| Max drawdown | FNX SMMD | -8.63%-9.29% | -9.22%-9.48% | -25.04%-25.55% | -25.04%-28.20% |
| Max drawdown duration | FNX SMMD | 74d75d | 65d43d | 289d283d | 289d980d |
Trading data
FNX | SMMD | |
Last sale 10/30/2026 at 1:30 PM | $141.21 | $86.55 |
| Previous close 10/29/2026 | $142.58 | $87.72 |
| 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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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 10/30/2026 at 1:30 PM
Live
Closed
FNX | SMMD | |
|---|---|---|
| Last price | $141.21 | $86.55 |
| 1D performance | -0.96% | -1.33% |
| AuM | $1.43 B | $4.18 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 | 449 | 508 |
| 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
97.57%
Other
2.43%
SMMD
USA
95.01%
Other
4.99%
Sectors
FNX
Finance
25.37%
Industrials
13.37%
Technology
11.49%
Healthcare
11.4%
Consumer Cyclical.
9.07%
Energy
8.54%
Other
20.76%
SMMD
Finance
23.99%
Healthcare
15.35%
Technology
14.38%
Industrials
13.78%
Non-Energy Materi.
8.02%
Other
24.48%
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Diversification
FNX
Total weight of top 15 holdings out of 15
7.4%
SMMD
Total weight of top 15 holdings out of 15
45.3%
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%
SMMD
US4642876555
41.06%
nVent Electric Plc
0.37%
ATI, Inc.
0.36%
F5, Inc.
0.36%
Guardant Health, Inc.
0.33%
Viatris, Inc.
0.29%
Tenet Healthcare Corp.
0.29%
US Foods Holding Corp.
0.29%
Royal Gold, Inc.
0.28%
Roku, Inc.
0.28%
SoFi Technologies, Inc.
0.28%
Packaging Corporation of America
0.28%
TD SYNNEX Corp.
0.28%
Reliance, Inc.
0.28%
Woodward, Inc.
0.28%
Frequently asked questions about FNX and SMMD
How have the FNX and SMMD ETFs performed in 2026?
As of October 29, 2026, FNX is up 14.06% year-to-date (YTD), while SMMD has returned 16.29%. 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 +$91M in flows, compared to +$1.62B for SMMD.
Which ETF is more volatile: FNX or SMMD?
Over the past year, FNX had a volatility of 14.93%, while SMMD experienced 17.05%.
Which ETF is bigger: FNX or SMMD?
As of October 29, 2026, FNX holds $1.43 B in assets under management (AUM), while SMMD manages $4.18 B.
What sectors do the FNX and SMMD ETFs invest in?
FNX leans toward sectors like Finance, Industrials and Technology. Meanwhile, SMMD focuses on Finance, Healthcare and Technology.
What are the top holdings of the FNX ETF and SMMD ETF?
FNX top holdings include HF Sinclair Corp., EPAM Systems, Inc. and SM Energy Co.. SMMD holds in its top three: US4642876555, nVent Electric Plc and ATI, Inc..
Which ETF is more diversified: FNX or SMMD?
FNX holds 449 securities with 7.4% of its assets in the top 15. SMMD has 2485 securities and a top 15 weight of 45.3%.
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