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FNXvsSQLTETF Comparison

ETF 1

FNX

First Trust Mid Cap Core AlphaDEX Fund ETF

This fund is part of

US Multi-Factor

+0.52%

Full FNX fund page

VS

ETF 2

SQLT

iShares MSCI USA Small-Cap Quality Factor ETF

This fund is part of

US Multi-Factor

+0.52%

Full SQLT fund page

First Trust Mid Cap Core AlphaDEX Fund ETF (FNX) and iShares MSCI USA Small-Cap Quality Factor ETF (SQLT) belong to the same industry segment: US Multi-Factor. FNX's top 3 sector exposures are Industrials, Financials and Consumer Discretionary. In contrast, SQLT's top sector exposures are Industrials, Financials and Information Technology. FNX is more expensive with a Total Expense Ratio (TER) of 0.62%, versus 0.2% for SQLT. Run a side-by-side ETF comparison of FNX and SQLT 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 SQLT performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FNX SQLT	+7.59%n/a	+3.17%n/a	+9.67%n/a	+32.90%n/a	+58.58%n/a	+47.36%n/a
Flows	FNX SQLT	-$887K-	+$19M-	+$26M-	-$61M-	-$140M-	-$76M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FNX SQLT	+17.27%n/a	+16.38%n/a	+19.18%n/a	+20.83%n/a
Max drawdown	FNX SQLT	-9.22%n/a	-9.22%n/a	-25.04%n/a	-25.04%n/a
Max drawdown duration	FNX SQLT	65dn/a	65dn/a	289dn/a	289dn/a

Trading data

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	FNX	SQLT
Last sale 4/27/2026 at 1:30 PM	$137.81	$27.58
Previous close 04/24/2026	$137.80	$27.62
Consolidated volume 04/24/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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	FNX	SQLT
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/27/2026 at 1:30 PM

Live

Closed

	FNX	SQLT
Last price	$137.81	$27.58
1D performance	+0.01%	-0.14%
AuM	$1.32 B	$6.63 M
E/R	0.62%	0.2%

Characteristics

	FNX	SQLT
Management strategy	Passive	Passive
Provider	First Trust	iShares
Benchmark	NASDAQ AlphaDEX Mid Cap Core Index	MSCI USA Small Cap Sector Neutral Quality Index
N° of holdings	418	452
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	May 8, 2007	March 31, 2026
ESG	No	No

More FNX data on Trackinsight

More SQLT data on Trackinsight

Exposure

Countries

FNX

USA

94.56%

Other

5.44%

SQLT

USA

95.8%

Other

4.2%

Sectors

FNX

Industrials

17.44%

Financials

16.01%

Consumer Discreti.

12.85%

Health Care

9.92%

Information Techn.

9.2%

Other

34.58%

SQLT

Industrials

16.41%

Financials

15.59%

Information Techn.

14.77%

Health Care

12.28%

Consumer Discreti.

11.62%

Other

29.33%

Diversification

FNX

Total weight of top 15 holdings out of 15

8.27%

SQLT

Total weight of top 15 holdings out of 15

12.06%

Top 15 holdings

Data as of March 31, 2026

FNX

LUMENTUM HOLDINGS

0.75%

CIENA

0.64%

APA CORPORATION

0.61%

BLOOM ENERGY CORP

0.55%

CALIFORNIA RESOURCES

0.54%

CHORD ENERGY CORPORATION

0.54%

US71424F1057

0.53%

OVINTIV INC

0.53%

US3004261034

0.53%

MATADOR RESOURCES

0.52%

CH1300646267

0.52%

TTM TECHNOLOGIES

0.51%

DARLING INGREDIENTS INC

0.50%

MAGNOLIA OIL AND GAS CORP

0.50%

US65290E1010

0.50%

SQLT

ROYAL GOLD

1.27%

NEW YORK TIMES

1.09%

FABRINET

1.02%

WOODWARD

0.87%

BWX TECHNOLOGIES INC

0.82%

CARPENTER TECHNOLOGY

0.81%

NFG

0.78%

EAST WEST BANCORP

0.75%

LINCOLN ELECTRIC HOLDINGS

0.71%

ITT

0.69%

AKAMAI TECHNOLOGIES

0.67%

EVERCORE INC

0.67%

MEDPACE HOLDINGS INC

0.66%

BJS WHOLESALE CLUB HOLDINGS INC

0.63%

US71424F1057

0.63%

Frequently asked questions about FNX and SQLT

Which ETF is bigger: FNX or SQLT?

As of April 24, 2026, FNX holds $1.32 B in assets under management (AUM), while SQLT manages $6.63 M.

What sectors do the FNX and SQLT ETFs invest in?

FNX leans toward sectors like Industrials, Financials and Consumer Discretionary. Meanwhile, SQLT focuses on Industrials, Financials and Information Technology.

FNXvsSQLTETF Comparison

First Trust Mid Cap Core AlphaDEX Fund ETF

iShares MSCI USA Small-Cap Quality Factor ETF

FNX vs SQLT performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

Which ETF is bigger: FNX or SQLT?

As of April 24, 2026, FNX holds $1.32 B in assets under management (AUM), while SQLT manages $6.63 M.

What sectors do the FNX and SQLT ETFs invest in?

FNX leans toward sectors like Industrials, Financials and Consumer Discretionary. Meanwhile, SQLT focuses on Industrials, Financials and Information Technology.

What are the top holdings of the FNX ETF and SQLT ETF?

FNX top holdings include LUMENTUM HOLDINGS, CIENA and APA CORPORATION. SQLT holds in its top three: ROYAL GOLD, NEW YORK TIMES and FABRINET.

Which ETF is more diversified: FNX or SQLT?

FNX holds 447 securities with 8.27% of its assets in the top 15. SQLT has 483 securities and a top 15 weight of 12.06%.

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