FNYvsTSMEETF Comparison
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First Trust Mid Cap Growth AlphaDEX Fund ETF (FNY) belongs to the US Mid Cap Growth segment. Thrivent Small-Mid Cap Equity ETF (TSME) is part of the US Multi-Factor segment. FNY's top 3 sector exposures are Healthcare, Industrials and Technology. In contrast, TSME's top sector exposures are Technology, Industrials and Healthcare. FNY is more expensive with a Total Expense Ratio (TER) of 0.73%, versus 0.65% for TSME. FNY is up 8.4% year-to-date (YTD) with +$58M in YTD flows. TSME performs better with 10.22% YTD performance, and -$57M in YTD flows. Run a side-by-side ETF comparison of FNY and TSME 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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FNY vs TSME performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FNY TSME | -8.40%-10.67% | -7.11%-7.93% | +8.40%+10.22% | +9.62%+10.36% | +58.89%+61.77% | +33.03%n/a |
| Flows | FNY TSME | +$5M-$63M | +$27M-$38M | +$58M-$57M | +$77M+$233M | +$120M+$519M | +$3M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FNY TSME | +18.61%+22.74% | +21.21%+23.41% | +21.07%+22.38% | +22.51%n/a |
| Max drawdown | FNY TSME | -11.05%-13.33% | -12.05%-14.69% | -24.97%-26.79% | -33.90%n/a |
| Max drawdown duration | FNY TSME | 78d79d | 84d54d | 275d255d | 1045dn/a |
Trading data
FNY | TSME | |
Last sale 9/17/2026 at 1:30 PM | $99.67 | $45.95 |
| Previous close 09/17/2026 | $98.79 | $45.86 |
| Consolidated volume 09/17/2026 | ||
| 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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TSME
is actively managed and doesn’t replicate an indexFNY | TSME | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/17/2026 at 1:30 PM
Live
Closed
FNY | TSME | |
|---|---|---|
| Last price | $99.67 | $45.95 |
| 1D performance | +0.89% | +0.20% |
| AuM | $558.08 M | $862.18 M |
| E/R | 0.73% | 0.65% |
Characteristics
FNY | TSME | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | First Trust | Thrivent Asset Management |
| Benchmark | NASDAQ AlphaDEX Mid Cap Growth Index | - |
| N° of holdings | 224 | 64 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 19, 2011 | October 5, 2022 |
| ESG | No | No |
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Exposure
Countries
FNY
USA
98.66%
Other
1.34%
TSME
USA
89.94%
Other
10.06%
Sectors
FNY
Healthcare
22.7%
Industrials
19.51%
Technology
17.34%
Finance
16.74%
Other
23.71%
TSME
Technology
24.7%
Industrials
23.7%
Healthcare
11.69%
Finance
11.56%
Consumer Non-Cycl.
8.94%
Other
19.41%
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Diversification
FNY
Total weight of top 15 holdings out of 15
12.39%
TSME
Total weight of top 15 holdings out of 15
35.46%
Top 15 holdings
Data as of July 31, 2026
FNY
Zeta Global Holdings Corp.
0.88%
H&R Block, Inc.
0.87%
Guardant Health, Inc.
0.87%
Corcept Therapeutics, Inc.
0.87%
Tutor Perini Corp.
0.85%
Halozyme Therapeutics, Inc.
0.84%
Etsy, Inc.
0.84%
Glaukos Corp.
0.82%
Frontdoor, Inc.
0.82%
Amneal Pharmaceuticals, Inc.
0.81%
Victoria's Secret & Co.
0.81%
PACS Group, Inc.
0.80%
Coca-Cola Consolidated, Inc.
0.77%
Enova International, Inc.
0.77%
Madison Square Garden Sports Corp.
0.77%
TSME
SharkNinja, Inc.
3.43%
Enova International, Inc.
3.37%
Littelfuse, Inc.
2.81%
LSI Industries, Inc.
2.53%
Bel Fuse, Inc.
2.49%
Viking Holdings Ltd. (Bermuda)
2.43%
Ryder System, Inc.
2.24%
Limbach Holdings, Inc.
2.20%
Federal Agricultural Mortgage Corp.
2.12%
OneMain Holdings, Inc.
2.11%
Turning Point Brands, Inc.
2.05%
Casey's General Stores, Inc.
2.03%
InterDigital, Inc.
1.93%
Modine Manufacturing Co.
1.87%
Penguin Solutions, Inc.
1.86%
Frequently asked questions about FNY and TSME
How have the FNY and TSME ETFs performed in 2026?
As of September 16, 2026, FNY is up 8.4% year-to-date (YTD), while TSME has returned 10.22%. That puts TSME better performer ahead so far this year.
Which ETF is attracting more investor money: FNY or TSME?
Year-to-date, the FNY ETF saw +$58M in flows, compared to -$57M for TSME.
Which ETF is more volatile: FNY or TSME?
Over the past year, FNY had a volatility of 21.21%, while TSME experienced 23.41%.
Which ETF is bigger: FNY or TSME?
As of September 16, 2026, FNY holds $558.08 M in assets under management (AUM), while TSME manages $862.18 M.
What sectors do the FNY and TSME ETFs invest in?
FNY leans toward sectors like Healthcare, Industrials and Technology. Meanwhile, TSME focuses on Technology, Industrials and Healthcare.
What are the top holdings of the FNY ETF and TSME ETF?
FNY top holdings include Zeta Global Holdings Corp., H&R Block, Inc. and Guardant Health, Inc.. TSME holds in its top three: SharkNinja, Inc., Enova International, Inc. and Littelfuse, Inc..
Which ETF is more diversified: FNY or TSME?
FNY holds 224 securities with 12.39% of its assets in the top 15. TSME has 64 securities and a top 15 weight of 35.46%.
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Latest news about FNY & TSME
What's the Fund | Thrivent Small-Mid Cap Equity ETF (Ticker: TSME)
March 6, 2026
TSME
Putting The Pieces Together of a Small-Mid Cap ESG ETF
October 5, 2023
TSME
Exploring Actively Managed ETFs and Thrivent's SMID Cap Strategy
May 19, 2023
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Understanding US Multi-Factor Investing
May 9, 2023
TSME
Understanding US Multi-Factor Investing
May 9, 2023
TSME
Chad Miller on Thrivent's Small Mid Cap ESG ETF (TSME)
April 25, 2023
TSME
