First Trust Multi Cap Value AlphaDEX Fund (FAB) belongs to the Mid Cap Value Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FAB. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FAB
FAB charges 0.64% annually. There are 44 ETFs in the Mid Cap Value Equities category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Mid-Cap Value ETF | 0.05% | 37.20B | Aug 2006 | FAB vs VOE | |
| iShares Morningstar Mid-Cap ETF | 0.06% | 1.14B | Jun 2004 | FAB vs IMCV | |
| Research Affiliates Deletions ETF | 0.09% | 34.44M | Sep 2024 | FAB vs NIXT | |
| Vanguard S&P Mid-Cap 400 Value ETF | 0.10% | 1.50B | Sep 2010 | FAB vs IVOV | |
| WisdomTree U.S. Value Fund | 0.12% | 3.19B | Feb 2007 | FAB vs WTV |
Best Risk-Adjusted Alternatives to FAB
FAB has a PortfoliosLab risk / return rank of 92. There are 5 ETFs in the Mid Cap Value Equities category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Alpha Architect U.S. Quantitative Value ETF | 95 | 562.24M | Oct 2014 | FAB vs QVAL | |
| Invesco S&P Ultra Dividend Revenue ETF | 95 | 1.80B | Oct 2013 | FAB vs RDIV | |
| ProShares Equities for Rising Rates ETF | 95 | 33.00M | Jul 2017 | FAB vs EQRR | |
| Bushido Capital US SMID Cap Equity ETF | 95 | — | May 2025 | FAB vs RNIN | |
| Vanguard U.S. Value Factor ETF | 93 | 845.20M | Feb 2018 | FAB vs VFVA |
Top Performing FAB Alternatives (YTD)
FAB is at 20.06% YTD. There are 9 ETFs in the Mid Cap Value Equities category with higher YTD returns, going as high as 32.00%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Bushido Capital US SMID Cap Equity ETF | 32.00% | — | May 2025 | FAB vs RNIN | |
| ProShares Equities for Rising Rates ETF | 30.22% | 33.00M | Jul 2017 | FAB vs EQRR | |
| Research Affiliates Deletions ETF | 29.37% | 34.44M | Sep 2024 | FAB vs NIXT | |
| Invesco High Yield Equity Dividend Achievers™ ETF | 23.42% | 1.13B | Dec 2004 | FAB vs PEY | |
| Invesco S&P Ultra Dividend Revenue ETF | 23.37% | 1.80B | Oct 2013 | FAB vs RDIV |
Lowest Volatility Alternatives to FAB
FAB has 13.31% 1-year volatility. There are 23 ETFs in the Mid Cap Value Equities category with lower 1-year volatility, going as low as 10.13%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Value Line Dividend Index Fund | 10.13% | 8.29B | Aug 2003 | FAB vs FVD | |
| Global X Adaptive U.S. Factor ETF | 10.42% | 901.95M | Aug 2018 | FAB vs AUSF | |
| Global X SuperDividend U.S. ETF | 10.51% | 783.77M | Mar 2013 | FAB vs DIV | |
| Timothy Plan High Dividend Stock ETF | 10.65% | 358.75M | Apr 2019 | FAB vs TPHD | |
| SPDR S&P Dividend ETF | 10.77% | 23.53B | Nov 2005 | FAB vs SDY |
Lowest Drawdown Alternatives to FAB
FAB has a 1-year max drawdown of -6.65%. There are 9 ETFs in the Mid Cap Value Equities category with shallower 1-year drawdowns, going as shallow as -4.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco S&P Ultra Dividend Revenue ETF | -4.84% | 1.80B | Oct 2013 | FAB vs RDIV | |
| ProShares Equities for Rising Rates ETF | -4.95% | 33.00M | Jul 2017 | FAB vs EQRR | |
| Global X SuperDividend U.S. ETF | -5.13% | 783.77M | Mar 2013 | FAB vs DIV | |
| Bushido Capital US SMID Cap Equity ETF | -5.70% | — | May 2025 | FAB vs RNIN | |
| Global X Adaptive U.S. Factor ETF | -5.84% | 901.95M | Aug 2018 | FAB vs AUSF |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, AIRR and span 16 categories. AUM among these funds goes as high as $25B.
Often Compared With FAB
Investors most often compare FAB with CVAR, ABLD, MTUM. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare FAB with Any Fund or Stock
Compare FAB with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FAB with funds that move differently
First Trust Multi Cap Value AlphaDEX Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FAB.
Explore FAB Diversifiers