SASSvsFEXETF Comparison
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M.D. Sass Concentrated Value ETF (SASS) belongs to the US Large Cap Value segment. First Trust Large Cap Core AlphaDEX Fund ETF (FEX) is part of the US Multi-Factor segment. SASS's top 3 sector exposures are Industrials, Consumer Non-Cyclicals and Finance. In contrast, FEX's top sector exposures are Finance, Technology and Industrials. SASS is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.57% for FEX. Run a side-by-side ETF comparison of SASS and FEX 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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SASS vs FEX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SASS FEX | -0.13%-1.27% | -1.36%+6.46% | n/a+15.20% | n/a+24.53% | n/a+64.31% | n/a+70.72% |
| Flows | SASS FEX | -$14K+$2M | +$3M+$9M | --$3M | --$37M | --$177M | --$204M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SASS FEX | +14.71%+14.76% | n/a+13.27% | n/a+14.92% | n/a+16.95% |
| Max drawdown | SASS FEX | -5.37%-3.24% | n/a-6.27% | n/a-19.51% | n/a-21.53% |
| Max drawdown duration | SASS FEX | 58d7d | n/a47d | n/a232d | n/a757d |
Trading data
SASS | FEX | |
Last sale 7/17/2026 at 1:30 PM | $135.26 | |
| Previous close 07/16/2026 | $135.91 | |
| Consolidated volume 07/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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SASS
is actively managed and doesn’t replicate an indexSASS | FEX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/17/2026 at 1:30 PM
Live
Closed
SASS | FEX | |
|---|---|---|
| Last price | – | $135.26 |
| 1D performance | – | -0.48% |
| AuM | $76.83 M | $1.57 B |
| E/R | 0.75% | 0.57% |
Characteristics
SASS | FEX | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | MD Sass | First Trust |
| Benchmark | - | NASDAQ AlphaDEX Large Cap Core Index |
| N° of holdings | 21 | 374 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 4, 2026 | May 8, 2007 |
| ESG | No | No |
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Exposure
Countries
SASS
USA
95.66%
Other
4.34%
FEX
USA
96.11%
Other
3.89%
Sectors
SASS
Industrials
26.36%
Consumer Non-Cycl.
16.82%
Finance
15.45%
Healthcare
13.87%
Other
27.5%
FEX
Finance
19.76%
Technology
19.29%
Industrials
17.51%
Healthcare
8.55%
Other
34.89%
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Diversification
SASS
Total weight of top 15 holdings out of 15
79.26%
FEX
Total weight of top 15 holdings out of 15
11.75%
Top 15 holdings
Data as of May 31, 2026
SASS
Henry Schein, Inc.
6.92%
Primo Brands Corp.
6.73%
The Williams Cos., Inc.
6.53%
AMETEK, Inc.
6.31%
Amazon.com, Inc.
5.50%
Clean Harbors, Inc.
5.40%
Quest Diagnostics, Inc.
5.25%
Capital One Financial Corp.
4.89%
C.H. Robinson Worldwide, Inc.
4.74%
StandardAero, Inc.
4.71%
Welltower, Inc.
4.71%
Somnigroup International, Inc.
4.59%
Martin Marietta Materials, Inc.
4.54%
APi Group Corp.
4.36%
Intercontinental Exchange, Inc.
4.08%
FEX
Micron Technology, Inc.
1.22%
Dell Technologies, Inc.
1.13%
Sandisk Corp.
1.10%
Seagate Technology Holdings Plc
0.94%
Super Micro Computer, Inc.
0.82%
Bloom Energy Corp.
0.80%
Advanced Micro Devices, Inc.
0.80%
Western Digital Corp.
0.80%
Marvell Technology, Inc.
0.71%
MACOM Technology Solutions Holdings, Inc.
0.63%
Humana, Inc.
0.60%
Ciena Corp.
0.58%
MKS, Inc.
0.55%
Elevance Health, Inc.
0.55%
Comfort Systems USA, Inc.
0.52%
Frequently asked questions about SASS and FEX
Which ETF is bigger: SASS or FEX?
As of July 17, 2026, SASS holds $76.83 M in assets under management (AUM), while FEX manages $1.57 B.
What sectors do the SASS and FEX ETFs invest in?
SASS leans toward sectors like Industrials, Consumer Non-Cyclicals and Finance. Meanwhile, FEX focuses on Finance, Technology and Industrials.
What are the top holdings of the SASS ETF and FEX ETF?
SASS top holdings include Henry Schein, Inc., Primo Brands Corp. and The Williams Cos., Inc.. FEX holds in its top three: Micron Technology, Inc., Dell Technologies, Inc. and Sandisk Corp..
Which ETF is more diversified: SASS or FEX?
SASS holds 21 securities with 79.26% of its assets in the top 15. FEX has 374 securities and a top 15 weight of 11.75%.
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