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, Technology and Industrials. 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 9.25% year-to-date (YTD) with +$53M in YTD flows. TSME performs better with 11.83% YTD performance, and -$68M 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 11/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FNY TSME | -1.27%-1.05% | -6.20%-8.61% | +9.25%+11.83% | +9.77%+15.02% | +71.94%+76.21% | +27.64%n/a |
| Flows | FNY TSME | -$10M-$27M | -$5M-$70M | +$53M-$68M | +$62M+$104M | +$121M+$511M | +$36M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FNY TSME | +16.81%+19.68% | +20.93%+23.54% | +20.93%+22.36% | +22.48%n/a |
| Max drawdown | FNY TSME | -11.00%-13.60% | -13.37%-15.13% | -24.97%-26.79% | -33.90%n/a |
| Max drawdown duration | FNY TSME | 79d79d | 127d127d | 275d255d | 1045dn/a |
Trading data
FNY | TSME | |
Last sale 11/5/2026 at 2:30 PM | $94.38 | $44.00 |
| Previous close 11/04/2026 | $99.50 | $46.55 |
| Consolidated volume 11/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 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 11/5/2026 at 2:30 PM
Live
Closed
FNY | TSME | |
|---|---|---|
| Last price | $94.38 | $44.00 |
| 1D performance | -5.15% | -5.48% |
| AuM | $557.49 M | $864.06 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 | 73 |
| 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
99.1%
Other
0.9%
TSME
USA
87.59%
Other
12.41%
Sectors
FNY
Healthcare
21.82%
Technology
19.97%
Industrials
18.96%
Finance
16.74%
Other
22.51%
TSME
Technology
24.44%
Industrials
22.68%
Healthcare
13.2%
Finance
10.8%
Non-Energy Materi.
8.13%
Other
20.75%
Diversification
FNY
Total weight of top 15 holdings out of 15
13.19%
TSME
Total weight of top 15 holdings out of 15
28.68%
Top 15 holdings
Data as of September 30, 2026
FNY
Zeta Global Holdings Corp.
1.09%
Okta, Inc.
1.03%
Guardant Health, Inc.
0.96%
Amneal Pharmaceuticals, Inc.
0.96%
Halozyme Therapeutics, Inc.
0.90%
ImmunityBio, Inc.
0.87%
Victoria's Secret & Co.
0.87%
Corcept Therapeutics, Inc.
0.86%
Tutor Perini Corp.
0.83%
Madison Square Garden Sports Corp.
0.82%
Coca-Cola Consolidated, Inc.
0.81%
TG Therapeutics, Inc.
0.80%
Etsy, Inc.
0.80%
Frontdoor, Inc.
0.80%
PACS Group, Inc.
0.79%
TSME
SharkNinja, Inc.
2.21%
LSI Industries, Inc.
2.18%
Climb Global Solutions, Inc.
2.15%
Ryder System, Inc.
2.12%
InterDigital, Inc.
2.09%
Federal Agricultural Mortgage Corp.
2.05%
Twist Bioscience Corp.
2.03%
Enova International, Inc.
1.98%
Littelfuse, Inc.
1.74%
ICON plc
1.72%
Turning Point Brands, Inc.
1.71%
Viking Holdings Ltd. (Bermuda)
1.70%
Labcorp Holdings, Inc.
1.70%
Cencora, Inc.
1.67%
Royalty Pharma Plc
1.63%
Frequently asked questions about FNY and TSME
How have the FNY and TSME ETFs performed in 2026?
As of November 4, 2026, FNY is up 9.25% year-to-date (YTD), while TSME has returned 11.83%. 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 +$53M in flows, compared to -$68M for TSME.
Which ETF is more volatile: FNY or TSME?
Over the past year, FNY had a volatility of 20.93%, while TSME experienced 23.54%.
Which ETF is bigger: FNY or TSME?
As of November 4, 2026, FNY holds $557.49 M in assets under management (AUM), while TSME manages $864.06 M.
What sectors do the FNY and TSME ETFs invest in?
FNY leans toward sectors like Healthcare, Technology and Industrials. 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., Okta, Inc. and Guardant Health, Inc.. TSME holds in its top three: SharkNinja, Inc., LSI Industries, Inc. and Climb Global Solutions, Inc..
Which ETF is more diversified: FNY or TSME?
FNY holds 224 securities with 13.19% of its assets in the top 15. TSME has 73 securities and a top 15 weight of 28.68%.
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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
TSME
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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
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