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XMLVvsFNKETF Comparison

ETF 1

XMLV

Invesco S&P MidCap Low Volatility ETF

This fund is part of

US Low Volatility

+0.28%

Full XMLV fund page

VS

ETF 2

FNK

First Trust Mid Cap Value AlphaDEX Fund ETF

This fund is part of

US Mid Cap Value

+0.67%

Full FNK fund page

Invesco S&P MidCap Low Volatility ETF (XMLV) belongs to the US Low Volatility segment. First Trust Mid Cap Value AlphaDEX Fund ETF (FNK) is part of the US Mid Cap Value segment. XMLV's top 3 sector exposures are Finance, Utilities and Non-Energy Materials. In contrast, FNK's top sector exposures are Finance, Energy and Consumer Cyclicals. XMLV is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.74% for FNK. XMLV is up 7.56% year-to-date (YTD) with -$71M in YTD flows. FNK performs better with 13.25% YTD performance, and +$562K in YTD flows. Run a side-by-side ETF comparison of XMLV and FNK 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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XMLV vs FNK performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/17/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	XMLV FNK	-3.13%-2.69%	+2.82%+2.75%	+7.56%+13.25%	+7.47%+14.12%	+39.85%+43.85%	+39.37%+51.60%
Flows	XMLV FNK	-$1M-	-$9M+$520K	-$71M+$562K	-$111M-$2M	-$366M-$59M	-$834M+$44M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	XMLV FNK	+10.32%+11.63%	+10.26%+13.63%	+12.75%+18.92%	+14.39%+21.06%
Max drawdown	XMLV FNK	-5.62%-3.75%	-6.93%-9.07%	-13.97%-24.99%	-16.57%-24.99%
Max drawdown duration	XMLV FNK	51d13d	114d122d	269d406d	818d406d

Trading data

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	XMLV	FNK
Last sale 9/17/2026 at 1:30 PM	$65.90	$62.51
Previous close 09/17/2026	$65.97	$62.56
Consolidated volume 09/17/2026
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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	XMLV	FNK
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/17/2026 at 1:30 PM

Live

Closed

	XMLV	FNK
Last price	$65.90	$62.51
1D performance	-0.11%	-0.08%
AuM	$721.98 M	$225.20 M
E/R	0.25%	0.74%

Characteristics

	XMLV	FNK
Management strategy	Passive	Passive
Provider	Invesco	First Trust
Benchmark	S&P MidCap 400 Low Volatility Index	NASDAQ AlphaDEX Mid Cap Value Index
N° of holdings	80	224
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	February 15, 2013	April 19, 2011
ESG	No	No

More XMLV data on Trackinsight

More FNK data on Trackinsight

Exposure

Countries

XMLV

USA

96.59%

Other

3.41%

FNK

USA

95.52%

Other

4.48%

Sectors

XMLV

Finance

60.48%

Utilities

16.04%

Other

23.49%

FNK

Finance

29.78%

Energy

14.93%

Consumer Cyclical.

12.73%

Non-Energy Materi.

9.59%

Industrials

7.28%

Other

25.69%

Diversification

XMLV

Total weight of top 15 holdings out of 15

23.83%

FNK

Total weight of top 15 holdings out of 15

13.07%

Top 15 holdings

Data as of July 31, 2026

XMLV

TXNM Energy, Inc.

2.77%

COPT Defense Properties

1.63%

NNN REIT, Inc.

1.63%

Agree Realty Corp.

1.60%

OGE Energy Corp.

1.57%

New Jersey Resources Corp.

1.57%

RLI Corp.

1.53%

The Hanover Insurance Group, Inc.

1.51%

W.P. Carey, Inc.

1.50%

Equity LifeStyle Properties, Inc.

1.49%

IDACORP, Inc.

1.48%

Ingredion, Inc.

1.41%

Portland General Electric Co.

1.39%

Omega Healthcare Investors, Inc.

1.38%

EastGroup Properties, Inc.

1.37%

FNK

SM Energy Co.

1.01%

APA Corp.

0.95%

EPAM Systems, Inc.

0.94%

Genpact Ltd.

0.94%

HF Sinclair Corp.

0.93%

Permian Resources Corp.

0.91%

Lithia Motors, Inc.

0.89%

Ovintiv, Inc.

0.88%

Lyft, Inc.

0.83%

Matador Resources Co.

0.82%

Universal Health Services, Inc.

0.81%

CF Industries Holdings, Inc.

0.81%

ADT, Inc.

0.79%

Ingredion, Inc.

0.79%

Magnolia Oil & Gas Corp.

0.77%

Frequently asked questions about XMLV and FNK

How have the XMLV and FNK ETFs performed in 2026?

As of September 17, 2026, XMLV is up 7.56% year-to-date (YTD), while FNK has returned 13.25%. That puts FNK better performer ahead so far this year.

Which ETF is attracting more investor money: XMLV or FNK?

Year-to-date, the XMLV ETF saw -$71M in flows, compared to +$562K for FNK.

Which ETF is more volatile: XMLV or FNK?

Over the past year, XMLV had a volatility of 10.26%, while FNK experienced 13.63%.

Which ETF is bigger: XMLV or FNK?

As of September 17, 2026, XMLV holds $721.98 M in assets under management (AUM), while FNK manages $225.20 M.

What sectors do the XMLV and FNK ETFs invest in?

XMLV leans toward sectors like Finance and Utilities. Meanwhile, FNK focuses on Finance, Energy and Consumer Cyclicals.

What are the top holdings of the XMLV ETF and FNK ETF?

XMLV top holdings include TXNM Energy, Inc., COPT Defense Properties and NNN REIT, Inc.. FNK holds in its top three: SM Energy Co., APA Corp. and EPAM Systems, Inc..

Which ETF is more diversified: XMLV or FNK?

XMLV holds 80 securities with 23.83% of its assets in the top 15. FNK has 224 securities and a top 15 weight of 13.07%.

The Low Volatility Anomaly

January 18, 2023

XMLV

XMLVvsFNKETF Comparison

Invesco S&P MidCap Low Volatility ETF

First Trust Mid Cap Value AlphaDEX Fund ETF

XMLV vs FNK performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the XMLV and FNK ETFs performed in 2026?

As of September 17, 2026, XMLV is up 7.56% year-to-date (YTD), while FNK has returned 13.25%. That puts FNK better performer ahead so far this year.

Which ETF is attracting more investor money: XMLV or FNK?

Year-to-date, the XMLV ETF saw -$71M in flows, compared to +$562K for FNK.

Which ETF is more volatile: XMLV or FNK?

Over the past year, XMLV had a volatility of 10.26%, while FNK experienced 13.63%.

Which ETF is bigger: XMLV or FNK?

As of September 17, 2026, XMLV holds $721.98 M in assets under management (AUM), while FNK manages $225.20 M.

What sectors do the XMLV and FNK ETFs invest in?

XMLV leans toward sectors like Finance and Utilities. Meanwhile, FNK focuses on Finance, Energy and Consumer Cyclicals.

What are the top holdings of the XMLV ETF and FNK ETF?

XMLV top holdings include TXNM Energy, Inc., COPT Defense Properties and NNN REIT, Inc.. FNK holds in its top three: SM Energy Co., APA Corp. and EPAM Systems, Inc..

Which ETF is more diversified: XMLV or FNK?

XMLV holds 80 securities with 23.83% of its assets in the top 15. FNK has 224 securities and a top 15 weight of 13.07%.

The Low Volatility Anomaly

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