First Trust Multi Cap Growth AlphaDEX Fund (FAD) belongs to the Mid Cap Growth Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FAD. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FAD
FAD charges 0.63% annually. There are 27 ETFs in the Mid Cap Growth Equities category with lower expense ratios, going as low as 0.04%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| BNY Mellon US Mid Cap Core Equity ETF | 0.04% | 658.44M | Apr 2020 | FAD vs BKMC | |
| Vanguard Mid-Cap Growth ETF | 0.05% | 33.80B | Aug 2006 | FAD vs VOT | |
| iShares Morningstar Mid-Cap Growth ETF | 0.06% | 4.65B | Jun 2004 | FAD vs IMCG | |
| Invesco NASDAQ Next Gen 100 ETF | 0.15% | 1.12B | Oct 2020 | FAD vs QQQJ | |
| SPDR S&P 400 Mid Cap Growth ETF | 0.15% | 2.95B | Nov 2005 | FAD vs MDYG |
Best Risk-Adjusted Alternatives to FAD
FAD has a PortfoliosLab risk / return rank of 62. There are 4 ETFs in the Mid Cap Growth Equities category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Galaxy Transformative Tech Accelerators ETF | 95 | 14.64M | Sep 2024 | FAD vs TEKX | |
| Pinnacle Focused Opportunities ETF | 78 | 97.96M | Dec 2022 | FAD vs FCUS | |
| Invesco NASDAQ Next Gen 100 ETF | 72 | 1.12B | Oct 2020 | FAD vs QQQJ | |
| Invesco S&P MidCap Momentum ETF | 66 | 8.18B | Mar 2005 | FAD vs XMMO | |
| Invesco Dorsey Wright Momentum ETF | 59 | 1.64B | Mar 2007 | FAD vs PDP |
Top Performing FAD Alternatives (YTD)
FAD is at 19.17% YTD. There are 9 ETFs in the Mid Cap Growth Equities category with higher YTD returns, going as high as 79.26%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Galaxy Transformative Tech Accelerators ETF | 79.26% | 14.64M | Sep 2024 | FAD vs TEKX | |
| Pinnacle Focused Opportunities ETF | 43.18% | 97.96M | Dec 2022 | FAD vs FCUS | |
| Innovator IBD Breakout Opportunities ETF | 31.88% | 15.73M | Sep 2018 | FAD vs BOUT | |
| Invesco Dorsey Wright Momentum ETF | 27.87% | 1.64B | Mar 2007 | FAD vs PDP | |
| Renaissance IPO ETF | 25.24% | 159.56M | Oct 2013 | FAD vs IPO |
Lowest Volatility Alternatives to FAD
FAD has 19.65% 1-year volatility. There are 24 ETFs in the Mid Cap Growth Equities category with lower 1-year volatility, going as low as 11.75%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Timothy Plan Fund Timothy Plan US Large/Mid Cap Co... | 11.75% | 310.95M | Apr 2019 | FAD vs TPLC | |
| iShares Russell Midcap ETF | 13.83% | 55.99B | Jul 2001 | FAD vs IWR | |
| John Hancock Multifactor Mid Cap ETF | 14.46% | 5.70B | Sep 2015 | FAD vs JHMM | |
| Virtus KAR Mid-Cap ETF | 14.88% | 47.86M | Oct 2024 | FAD vs KMID | |
| WisdomTree U.S. MidCap Quality Growth Fund | 15.14% | 2.17M | Jan 2024 | FAD vs QMID |
Lowest Drawdown Alternatives to FAD
FAD has a 1-year max drawdown of -10.66%. There are 9 ETFs in the Mid Cap Growth Equities category with shallower 1-year drawdowns, going as shallow as -7.58%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Timothy Plan Fund Timothy Plan US Large/Mid Cap Co... | -7.58% | 310.95M | Apr 2019 | FAD vs TPLC | |
| iShares Russell Midcap ETF | -8.17% | 55.99B | Jul 2001 | FAD vs IWR | |
| Invesco S&P MidCap Momentum ETF | -8.34% | 8.18B | Mar 2005 | FAD vs XMMO | |
| John Hancock Multifactor Mid Cap ETF | -8.64% | 5.70B | Sep 2015 | FAD vs JHMM | |
| BNY Mellon US Mid Cap Core Equity ETF | -9.82% | 658.44M | Apr 2020 | FAD vs BKMC |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 13 categories. AUM among these funds goes as high as $14B.
Often Compared With FAD
Investors most often compare FAD with PEXL, IUSG, SPY. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare FAD with Any Fund or Stock
Compare FAD with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FAD with funds that move differently
First Trust Multi Cap Growth AlphaDEX Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FAD.
Explore FAD Diversifiers