FNXvsSQLTETF Comparison
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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 Finance, Industrials and Healthcare. In contrast, SQLT's top sector exposures are Finance, Technology and Industrials. 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
Historic performance and flows
Data as of 09/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FNX SQLT | -4.41%-5.05% | -1.47%-0.57% | +12.81%n/a | +14.14%n/a | +52.65%n/a | +50.60%n/a |
| Flows | FNX SQLT | -- | -$5M- | +$35M- | +$26M- | -$135M- | -$87M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FNX SQLT | +11.05%+11.50% | +15.40%n/a | +18.71%n/a | +20.58%n/a |
| Max drawdown | FNX SQLT | -4.67%-5.30% | -9.22%n/a | -25.04%n/a | -25.04%n/a |
| Max drawdown duration | FNX SQLT | 29d30d | 65dn/a | 289dn/a | 289dn/a |
Trading data
FNX | SQLT | |
Last sale 9/15/2026 at 7:49 PM | $140.54 | $28.03 |
| Previous close 09/15/2026 | $141.56 | $28.03 |
| 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 | SQLT | |
|---|---|---|
| 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 | SQLT | |
|---|---|---|
| Last price | $140.54 | $28.03 |
| 1D performance | -0.72% | +0.00% |
| AuM | $1.36 B | $6.74 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 | 448 | 491 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 8, 2007 | March 31, 2026 |
| ESG | No | No |
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Exposure
Countries
FNX
USA
97.13%
Other
2.87%
SQLT
USA
97.81%
Other
2.19%
Sectors
FNX
Finance
25.35%
Industrials
13.44%
Healthcare
11.43%
Technology
10.03%
Consumer Cyclical.
9.05%
Energy
8.57%
Other
22.13%
SQLT
Finance
22.55%
Technology
17.63%
Industrials
14.21%
Healthcare
14.11%
Non-Energy Materi.
9.57%
Other
21.92%
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Diversification
FNX
Total weight of top 15 holdings out of 15
6.94%
SQLT
Total weight of top 15 holdings out of 15
11.74%
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%
SQLT
National Fuel Gas Co.
1.17%
TD SYNNEX Corp.
0.86%
Carpenter Technology Corp.
0.82%
Manhattan Associates, Inc.
0.82%
East West Bancorp, Inc.
0.81%
Woodward, Inc.
0.81%
The New York Times Co.
0.78%
Medpace Holdings, Inc.
0.75%
Royal Gold, Inc.
0.73%
Tenet Healthcare Corp.
0.71%
Lattice Semiconductor Corp.
0.70%
Sterling Infrastructure, Inc.
0.70%
BJ's Wholesale Club Holdings, Inc.
0.69%
Exelixis, Inc.
0.69%
Akamai Technologies, Inc.
0.68%
Frequently asked questions about FNX and SQLT
Which ETF is bigger: FNX or SQLT?
As of September 14, 2026, FNX holds $1.36 B in assets under management (AUM), while SQLT manages $6.74 M.
What sectors do the FNX and SQLT ETFs invest in?
FNX leans toward sectors like Finance, Industrials and Healthcare. Meanwhile, SQLT focuses on Finance, Technology and Industrials.
What are the top holdings of the FNX ETF and SQLT ETF?
FNX top holdings include SM Energy Co., Genpact Ltd. and APA Corp.. SQLT holds in its top three: National Fuel Gas Co., TD SYNNEX Corp. and Carpenter Technology Corp..
Which ETF is more diversified: FNX or SQLT?
FNX holds 448 securities with 6.94% of its assets in the top 15. SQLT has 494 securities and a top 15 weight of 11.74%.
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