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 Industrials. In contrast, FNX's top sector exposures are Finance, Industrials and Healthcare. SMMD is less expensive with a Total Expense Ratio (TER) of 0.23%, versus 0.62% for FNX. SMMD is up 17.26% year-to-date (YTD) with +$1.49B in YTD flows. FNX performs worse with 11.52% YTD performance, and +$35M 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 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMMD FNX | -4.67%-5.17% | -3.03%-0.96% | +17.26%+11.52% | +18.17%+12.84% | +62.01%+52.76% | +46.63%+48.23% |
| Flows | SMMD FNX | +$474M- | +$703M-$12M | +$1.49B+$35M | +$1.95B+$26M | +$2.57B-$135M | +$3.06B-$87M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMMD FNX | +12.80%+10.86% | +17.41%+15.41% | +19.36%+18.70% | +20.94%+20.58% |
| Max drawdown | SMMD FNX | -6.52%-5.80% | -9.48%-9.22% | -25.55%-25.04% | -28.20%-25.04% |
| Max drawdown duration | SMMD FNX | 33d32d | 43d65d | 283d289d | 980d289d |
Trading data
SMMD | FNX | |
Last sale 9/21/2026 at 1:30 PM | $87.52 | $139.18 |
| Previous close 09/18/2026 | $86.97 | $139.05 |
| Consolidated volume 09/18/2026 | ||
| 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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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 9/21/2026 at 1:30 PM
Live
Closed
SMMD | FNX | |
|---|---|---|
| Last price | $87.52 | $139.18 |
| 1D performance | +0.63% | +0.09% |
| AuM | $4.09 B | $1.34 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 | 2449 | 448 |
| 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
95.29%
Other
4.71%
FNX
USA
97.13%
Other
2.87%
Sectors
SMMD
Finance
25.19%
Healthcare
14.82%
Industrials
14.07%
Technology
12.73%
Non-Energy Materi.
8.03%
Other
25.16%
FNX
Finance
25.35%
Industrials
13.44%
Healthcare
11.43%
Technology
10.03%
Consumer Cyclical.
9.05%
Energy
8.57%
Other
22.13%
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Diversification
SMMD
Total weight of top 15 holdings out of 15
4.49%
FNX
Total weight of top 15 holdings out of 15
6.94%
Top 15 holdings
Data as of July 31, 2026
SMMD
ATI, Inc.
0.34%
BlackRock Cash Funds - Treasury
0.33%
Carpenter Technology Corp.
0.33%
nVent Electric Plc
0.32%
US Foods Holding Corp.
0.30%
F5, Inc.
0.30%
Packaging Corporation of America
0.29%
NiSource, Inc.
0.29%
Tenet Healthcare Corp.
0.29%
Woodward, Inc.
0.29%
SoFi Technologies, Inc.
0.28%
Snap-On, Inc.
0.28%
Viatris, Inc.
0.28%
Affirm Holdings, Inc.
0.28%
Reliance, Inc.
0.28%
FNX
SM Energy Co.
0.53%
Genpact Ltd.
0.50%
EPAM Systems, Inc.
0.50%
APA Corp.
0.50%
HF Sinclair Corp.
0.49%
Permian Resources Corp.
0.48%
Lithia Motors, Inc.
0.47%
Ovintiv, Inc.
0.47%
Lyft, Inc.
0.44%
Solventum Corp.
0.43%
CF Industries Holdings, Inc.
0.43%
Universal Health Services, Inc.
0.43%
Matador Resources Co.
0.43%
ADT, Inc.
0.42%
Matson, Inc.
0.42%
Frequently asked questions about SMMD and FNX
How have the SMMD and FNX ETFs performed in 2026?
As of September 18, 2026, SMMD is up 17.26% year-to-date (YTD), while FNX has returned 11.52%. 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 +$1.49B in flows, compared to +$35M for FNX.
Which ETF is more volatile: SMMD or FNX?
Over the past year, SMMD had a volatility of 17.41%, while FNX experienced 15.41%.
Which ETF is bigger: SMMD or FNX?
As of September 18, 2026, SMMD holds $4.09 B in assets under management (AUM), while FNX manages $1.34 B.
What sectors do the SMMD and FNX ETFs invest in?
SMMD leans toward sectors like Finance, Healthcare and Industrials. Meanwhile, FNX focuses on Finance, Industrials and Healthcare.
What are the top holdings of the SMMD ETF and FNX ETF?
SMMD top holdings include ATI, Inc., BlackRock Cash Funds - Treasury and Carpenter Technology Corp.. FNX holds in its top three: SM Energy Co., Genpact Ltd. and EPAM Systems, Inc..
Which ETF is more diversified: SMMD or FNX?
SMMD holds 2468 securities with 4.49% of its assets in the top 15. FNX has 448 securities and a top 15 weight of 6.94%.
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