OUSMvsFNXETF Comparison
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ALPS O’Shares U.S. Small-Cap Quality Dividend ETF (OUSM) and First Trust Mid Cap Core AlphaDEX Fund ETF (FNX) belong to the same industry segment: US Multi-Factor. Both ETFs have the same top 3 sector exposures: Industrials, Financials and Consumer Discretionary. OUSM is less expensive with a Total Expense Ratio (TER) of 0.48%, versus 0.62% for FNX. OUSM is up 7.78% year-to-date (YTD) with -$53M in YTD flows. FNX performs better with 9.67% YTD performance, and +$26M in YTD flows. Run a side-by-side ETF comparison of OUSM and FNX 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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OUSM vs FNX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | OUSM FNX | +7.15%+7.59% | +3.53%+3.17% | +7.78%+9.67% | +17.00%+32.90% | +39.46%+58.58% | +44.62%+47.36% |
| Flows | OUSM FNX | -$24M-$887K | -$46M+$19M | -$53M+$26M | -$69M-$61M | +$530M-$140M | +$601M-$76M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | OUSM FNX | +13.61%+17.27% | +13.50%+16.38% | +15.21%+19.18% | +16.57%+20.83% |
| Max drawdown | OUSM FNX | -9.24%-9.22% | -9.24%-9.22% | -19.49%-25.04% | -19.49%-25.04% |
| Max drawdown duration | OUSM FNX | 72d65d | 72d65d | 435d289d | 435d289d |
Trading data
OUSM | FNX | |
Last sale 4/28/2026 at 1:34 PM | $138.24 | |
| Previous close 04/27/2026 | $137.90 | |
| Consolidated volume 04/27/2026 | ||
| 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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OUSM | FNX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/28/2026 at 1:34 PM
Live
Closed
OUSM | FNX | |
|---|---|---|
| Last price | – | $138.24 |
| 1D performance | – | +0.25% |
| AuM | $906.77 M | $1.32 B |
| E/R | 0.48% | 0.62% |
Characteristics
OUSM | FNX | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | O'Shares | First Trust |
| Benchmark | O’Shares U.S. Small-Cap Quality Dividend Index | NASDAQ AlphaDEX Mid Cap Core Index |
| N° of holdings | 106 | 418 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 30, 2016 | May 8, 2007 |
| ESG | No | No |
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Exposure
Countries
OUSM
USA
90.76%
Other
9.24%
FNX
USA
94.56%
Other
5.44%
Sectors
OUSM
Industrials
23.08%
Financials
19.16%
Consumer Discreti.
18.19%
Information Techn.
16.07%
Health Care
9.09%
Other
14.41%
FNX
Industrials
17.44%
Financials
16.01%
Consumer Discreti.
12.85%
Health Care
9.92%
Information Techn.
9.2%
Other
34.58%
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Diversification
OUSM
Total weight of top 15 holdings out of 15
33.21%
FNX
Total weight of top 15 holdings out of 15
8.27%
Top 15 holdings
Data as of March 31, 2026
OUSM
NATIONAL HEALTHCARE
2.94%
ROYALTY PHARMA
2.78%
AVNET
2.42%
NEW YORK TIMES
2.35%
TD SYNNEX
2.35%
DONALDSON
2.21%
LINCOLN ELECTRIC HOLDINGS
2.18%
WESTERN UNION
2.15%
TEXAS ROADHOUSE
2.10%
ALLISON TRANSMISSION HOLDINGS
2.05%
RADIAN
1.98%
PRIMERICA
1.94%
MGIC INVESTMENT
1.93%
ESSENT GROUP LTD
1.93%
SEI INVESTMENTS
1.90%
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%
US3004261034
0.53%
OVINTIV INC
0.53%
MATADOR RESOURCES
0.52%
CH1300646267
0.52%
TTM TECHNOLOGIES
0.51%
US65290E1010
0.50%
MAGNOLIA OIL AND GAS CORP
0.50%
DARLING INGREDIENTS INC
0.50%
Frequently asked questions about OUSM and FNX
How have the OUSM and FNX ETFs performed in 2026?
As of April 24, 2026, OUSM is up 7.78% year-to-date (YTD), while FNX has returned 9.67%. That puts FNX better performer ahead so far this year.
Which ETF is attracting more investor money: OUSM or FNX?
Year-to-date, the OUSM ETF saw -$53M in flows, compared to +$26M for FNX.
Which ETF is more volatile: OUSM or FNX?
Over the past year, OUSM had a volatility of 13.5%, while FNX experienced 16.38%.
Which ETF is bigger: OUSM or FNX?
As of April 24, 2026, OUSM holds $906.77 M in assets under management (AUM), while FNX manages $1.32 B.
What sectors do the OUSM and FNX ETFs invest in?
OUSM leans toward sectors like Industrials, Financials and Consumer Discretionary. Meanwhile, FNX focuses on Industrials, Financials and Consumer Discretionary.
What are the top holdings of the OUSM ETF and FNX ETF?
OUSM top holdings include NATIONAL HEALTHCARE, ROYALTY PHARMA and AVNET. FNX holds in its top three: LUMENTUM HOLDINGS, CIENA and APA CORPORATION.
Which ETF is more diversified: OUSM or FNX?
OUSM holds 106 securities with 33.21% of its assets in the top 15. FNX has 447 securities and a top 15 weight of 8.27%.
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