- ISIN
- US33733C1080
- CUSIP
- 33733C108
- Issuer
- First Trust
- Inception Date
- May 8, 2007
- Region
- North America (U.S.)
- Category
- Mid Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- NASDAQ AlphaDEX Multi Cap Value Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
- Assets Under Management
- $168M
Highlights
- Avg. Volume (1M)
- 28K
- Avg. Volume Value (1M)
- $2.85M
Share Price Chart
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Performance
FAB Performance Chart
First Trust Multi Cap Value AlphaDEX Fund (FAB) is up 19.0% since the beginning of the year. FAB is currently trading at $105 per share. Investors who bought $1,000 worth of FAB shares 5 years ago would now be looking at an investment worth $1,624.
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Returns By Period
First Trust Multi Cap Value AlphaDEX Fund (FAB) has returned 19.04% so far this year and 32.09% over the past 12 months. Over the last ten years, FAB has returned 11.09% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
First Trust Multi Cap Value AlphaDEX Fund
- 1D
- -0.25%
- 1M
- 2.66%
- 6M
- 13.00%
- YTD
- 19.04%
- 1Y
- 32.09%
- 3Y*
- 13.91%
- 5Y*
- 10.19%
- 10Y*
- 11.09%
- ALL TIME*
- 8.42%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FAB Monthly Returns History
Based on dividend-adjusted daily data since May 23, 2007, FAB's average daily return is +0.04%, while the average monthly return is +0.85%. At this rate, an investment would double in approximately 6.8 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2009 with a return of +25.4%, while the worst month was Mar 2020 at -26.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FAB closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +10.9%, while the worst single day was Mar 16, 2020 at -11.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.35% | 4.03% | -2.86% | 4.89% | -0.63% | 3.35% | 3.81% | 19.04% | |||||
| 2025 | 2.17% | -2.33% | -3.17% | -4.96% | 3.76% | 4.05% | 1.16% | 6.76% | -0.15% | -1.91% | 3.81% | 0.90% | 9.86% |
| 2024 | -2.13% | 2.20% | 6.18% | -5.22% | 3.48% | -2.33% | 8.13% | -0.73% | 0.48% | -2.05% | 8.44% | -7.47% | 7.82% |
| 2023 | 10.77% | -3.67% | -4.72% | -0.96% | -5.39% | 9.14% | 6.69% | -3.70% | -3.87% | -4.12% | 7.68% | 9.24% | 15.81% |
| 2022 | -1.73% | 0.23% | 1.11% | -4.84% | 3.61% | -10.68% | 8.00% | -3.59% | -10.44% | 11.89% | 7.22% | -5.00% | -6.79% |
| 2021 | 1.05% | 9.37% | 7.34% | 3.70% | 2.37% | -2.76% | 0.10% | 2.03% | -3.07% | 4.01% | -2.75% | 6.68% | 30.83% |
Benchmark Metrics
First Trust Multi Cap Value AlphaDEX Fund has an annualized alpha of 1.58%, beta of 0.91, and R2 of 0.58 versus S&P 500 Index. Calculated based on daily prices since May 23, 2007.
- This ETF participated in 109.28% of S&P 500 Index downside but only 109.07% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.91 and R2 of 0.58, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.58%
- Beta
- 0.91
- R²
- 0.58
- Upside Capture
- 109.07%
- Downside Capture
- 109.28%
Expense Ratio
FAB has an expense ratio of 0.64%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FAB ranks 91 for risk / return — above 91% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for First Trust Multi Cap Value AlphaDEX Fund (FAB) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FAB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.25 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 2.00 | +2.59 |
| Martin ratioReturn relative to average drawdown | 15.16 | 8.49 | +6.67 |
Dividends
Dividend History
First Trust Multi Cap Value AlphaDEX Fund provided a 1.52% dividend yield over the last twelve months, with an annual payout of $1.60 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.60 | $1.40 | $1.65 | $1.51 | $1.24 | $0.99 | $0.93 | $1.02 | $0.94 | $0.81 | $0.71 | $0.66 |
Dividend yield | 1.52% | 1.57% | 2.00% | 1.94% | 1.80% | 1.32% | 1.59% | 1.75% | 1.96% | 1.42% | 1.40% | 1.62% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Multi Cap Value AlphaDEX Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.35 | $0.00 | $0.71 | |||||
| 2025 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.51 | $1.40 |
| 2024 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.58 | $1.65 |
| 2023 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.54 | $1.51 |
| 2022 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.48 | $1.24 |
| 2021 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.39 | $0.99 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Multi Cap Value AlphaDEX Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Multi Cap Value AlphaDEX Fund was 63.29%, occurring on Mar 6, 2009. Recovery took 468 trading sessions.
The current First Trust Multi Cap Value AlphaDEX Fund drawdown is 1.48%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-63.29%Mar 2009 | 1y 9mo | 1y 10mo | 3y 7moJun 2007 - Jan 2011 | Financial crisis2007–2009 |
-47.08%Mar 2020 | 2mo 6d | 8mo 6d | 10mo 12dJan 2020 - Nov 2020 | COVID crash2020 |
-26.50%Jan 2016 | 9mo 9d | 9mo 29d | 1y 7moApr 2015 - Nov 2016 | — |
-24.23%Oct 2011 | 4mo 25d | 4mo 3d | 8mo 28dMay 2011 - Feb 2012 | — |
-22.91%Apr 2025 | 4mo 13d | 7mo 24d | 1y 2dNov 2024 - Nov 2025 | 2025 selloff2025 |
Drawdown Indicators
| FAB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.29% | -56.78% | -6.51% |
Max Drawdown (1Y)Largest decline over 1 year | -6.65% | -9.10% | +2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -22.91% | -18.90% | -4.01% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -25.43% | +2.52% |
Max Drawdown (10Y)Largest decline over 10 years | -47.08% | -33.92% | -13.16% |
Current DrawdownCurrent decline from peak | -1.48% | -1.58% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -9.18% | -10.70% | +1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 2.14% | -0.13% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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