SMMDvsFNXETF Comparison
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iShares Russell 2500 ETF (SMMD) and First Trust Mid Cap Core AlphaDEX Fund ETF (FNX) belong to the same industry segment: US Multi-Factor. SMMD's top 3 sector exposures are Finance, Healthcare and Technology. In contrast, FNX's top sector exposures are Finance, Industrials and Technology. SMMD is less expensive with a Total Expense Ratio (TER) of 0.23%, versus 0.62% for FNX. SMMD is up 13.73% year-to-date (YTD) with +$1.62B in YTD flows. FNX performs worse with 11.39% YTD performance, and +$91M in YTD flows. Run a side-by-side ETF comparison of SMMD 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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SMMD vs FNX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/05/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMMD FNX | -2.95%+1.31% | -7.60%-4.40% | +13.73%+11.39% | +16.10%+13.66% | +65.22%+59.65% | +29.82%+37.64% |
| Flows | SMMD FNX | +$140M+$29M | +$718M+$56M | +$1.62B+$91M | +$1.95B+$85M | +$2.67B-$70M | +$3.16B-$15M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMMD FNX | +14.52%+13.03% | +17.48%+15.30% | +19.25%+18.49% | +20.96%+20.53% |
| Max drawdown | SMMD FNX | -9.29%-8.63% | -9.48%-9.22% | -25.55%-25.04% | -28.20%-25.04% |
| Max drawdown duration | SMMD FNX | 81d81d | 43d65d | 283d289d | 980d289d |
Trading data
SMMD | FNX | |
Last sale 11/6/2026 at 2:30 PM | $85.11 | $139.04 |
| Previous close 11/04/2026 | $84.68 | $139.23 |
| 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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SMMD | 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 11/6/2026 at 2:30 PM
Live
Closed
SMMD | FNX | |
|---|---|---|
| Last price | $85.11 | $139.04 |
| 1D performance | +0.51% | -0.14% |
| AuM | $4.09 B | $1.39 B |
| E/R | 0.23% | 0.62% |
Characteristics
SMMD | FNX | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | First Trust |
| Benchmark | Russell 2500 Index | NASDAQ AlphaDEX Mid Cap Core Index |
| N° of holdings | 508 | 449 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 6, 2017 | May 8, 2007 |
| ESG | No | No |
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Exposure
Countries
SMMD
USA
95.01%
Other
4.99%
FNX
USA
97.57%
Other
2.43%
Sectors
SMMD
Finance
23.99%
Healthcare
15.35%
Technology
14.38%
Industrials
13.78%
Non-Energy Materi.
8.02%
Other
24.48%
FNX
Finance
25.37%
Industrials
13.37%
Technology
11.49%
Healthcare
11.4%
Consumer Cyclical.
9.07%
Energy
8.54%
Other
20.76%
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Diversification
SMMD
Total weight of top 15 holdings out of 15
45.3%
FNX
Total weight of top 15 holdings out of 15
7.4%
Top 15 holdings
Data as of September 30, 2026
SMMD
US4642876555
41.06%
nVent Electric Plc
0.37%
ATI, Inc.
0.36%
F5, Inc.
0.36%
Guardant Health, Inc.
0.33%
Viatris, Inc.
0.29%
Tenet Healthcare Corp.
0.29%
US Foods Holding Corp.
0.29%
Royal Gold, Inc.
0.28%
Roku, Inc.
0.28%
SoFi Technologies, Inc.
0.28%
Packaging Corporation of America
0.28%
TD SYNNEX Corp.
0.28%
Reliance, Inc.
0.28%
Woodward, Inc.
0.28%
FNX
HF Sinclair Corp.
0.64%
EPAM Systems, Inc.
0.57%
APA Corp.
0.53%
SM Energy Co.
0.53%
Genpact Ltd.
0.50%
Okta, Inc.
0.49%
Gap, Inc.
0.48%
Permian Resources Corp.
0.47%
Universal Health Services, Inc.
0.47%
Guardant Health, Inc.
0.46%
Matson, Inc.
0.46%
Amneal Pharmaceuticals, Inc.
0.46%
Ovintiv, Inc.
0.45%
Solventum Corp.
0.45%
Urban Outfitters, Inc.
0.44%
Frequently asked questions about SMMD and FNX
How have the SMMD and FNX ETFs performed in 2026?
As of November 5, 2026, SMMD is up 13.73% year-to-date (YTD), while FNX has returned 11.39%. That puts SMMD better performer ahead so far this year.
Which ETF is attracting more investor money: SMMD or FNX?
Year-to-date, the SMMD ETF saw +$1.62B in flows, compared to +$91M for FNX.
Which ETF is more volatile: SMMD or FNX?
Over the past year, SMMD had a volatility of 17.48%, while FNX experienced 15.3%.
Which ETF is bigger: SMMD or FNX?
As of November 5, 2026, SMMD holds $4.09 B in assets under management (AUM), while FNX manages $1.39 B.
What sectors do the SMMD and FNX ETFs invest in?
SMMD leans toward sectors like Finance, Healthcare and Technology. Meanwhile, FNX focuses on Finance, Industrials and Technology.
What are the top holdings of the SMMD ETF and FNX ETF?
SMMD top holdings include US4642876555, nVent Electric Plc and ATI, Inc.. FNX holds in its top three: HF Sinclair Corp., EPAM Systems, Inc. and APA Corp..
Which ETF is more diversified: SMMD or FNX?
SMMD holds 2485 securities with 45.3% of its assets in the top 15. FNX has 449 securities and a top 15 weight of 7.4%.
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