First Trust Mid Cap Value AlphaDEX Fund (FNK)
FNK is a passive ETF by First Trust tracking the investment results of the NASDAQ AlphaDEX Mid Cap Value Index. FNK launched on Apr 19, 2011 and has a 0.70% expense ratio.
ETF Info
| ISIN | US33737M2017 |
|---|---|
| CUSIP | 33737M201 |
| Issuer | First Trust |
| Inception Date | Apr 19, 2011 |
| Region | North America (U.S.) |
| Category | Small Cap Value Equities |
| Index Tracked | NASDAQ AlphaDEX Mid Cap Value Index |
| Home Page | www.ftportfolios.com |
| Asset Class | Equity |
Asset Class Size | Small-Cap |
Asset Class Style | Blend |
Expense Ratio
FNK features an expense ratio of 0.70%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: FNK vs. VOE, FNK vs. MDYV, FNK vs. FNCMX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in First Trust Mid Cap Value AlphaDEX Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
First Trust Mid Cap Value AlphaDEX Fund had a return of 5.07% year-to-date (YTD) and 12.40% in the last 12 months. Over the past 10 years, First Trust Mid Cap Value AlphaDEX Fund had an annualized return of 7.25%, while the S&P 500 had an annualized return of 10.64%, indicating that First Trust Mid Cap Value AlphaDEX Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.07% | 13.78% |
| 1 month | 3.71% | -0.38% |
| 6 months | 8.02% | 11.47% |
| 1 year | 12.40% | 18.82% |
| 5 years (annualized) | 10.94% | 12.44% |
| 10 years (annualized) | 7.25% | 10.64% |
Monthly Returns
The table below presents the monthly returns of FNK, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -2.95% | 2.80% | 6.65% | -6.25% | 4.33% | -3.21% | 5.07% | ||||||
| 2023 | 12.80% | -3.76% | -5.98% | -0.57% | -5.11% | 11.33% | 7.29% | -3.73% | -5.02% | -5.02% | 8.28% | 11.90% | 21.03% |
| 2022 | -2.46% | 0.83% | 0.90% | -4.93% | 3.25% | -10.74% | 9.59% | -3.50% | -10.94% | 10.85% | 8.01% | -5.38% | -7.24% |
| 2021 | 1.56% | 9.94% | 7.54% | 5.24% | 1.82% | -2.95% | 0.49% | 2.67% | -3.01% | 4.36% | -3.41% | 6.07% | 33.60% |
| 2020 | -5.43% | -11.67% | -29.69% | 20.06% | 4.57% | 4.74% | 0.31% | 5.26% | -4.96% | 4.43% | 17.06% | 6.86% | 1.23% |
| 2019 | 12.66% | 3.05% | -2.15% | 4.00% | -11.13% | 8.30% | 0.38% | -8.21% | 6.61% | 1.38% | 3.17% | 3.20% | 20.56% |
| 2018 | 0.91% | -5.30% | 0.23% | -0.07% | 3.50% | 0.75% | 1.87% | 2.10% | -1.37% | -8.12% | 2.90% | -11.89% | -14.72% |
| 2017 | 1.25% | 1.62% | -1.09% | -0.03% | -3.00% | 3.36% | 0.79% | -1.68% | 4.33% | 0.73% | 3.84% | 1.37% | 11.81% |
| 2016 | -5.63% | 1.50% | 11.50% | 1.51% | 0.97% | -2.93% | 5.67% | 1.28% | -0.03% | -1.77% | 10.33% | 2.57% | 26.35% |
| 2015 | -4.68% | 6.23% | -0.55% | 2.30% | -0.71% | -2.35% | -4.05% | -3.42% | -5.26% | 5.42% | 1.30% | -7.62% | -13.48% |
| 2014 | -2.84% | 4.26% | 1.87% | -0.59% | 1.52% | 4.28% | -5.69% | 5.01% | -6.06% | 3.50% | 0.19% | 0.84% | 5.65% |
| 2013 | 7.72% | 1.79% | 4.96% | -1.17% | 5.02% | -2.68% | 6.77% | -2.50% | 3.66% | 4.76% | 2.45% | 2.91% | 38.54% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FNK is 40, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for First Trust Mid Cap Value AlphaDEX Fund (FNK) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
First Trust Mid Cap Value AlphaDEX Fund granted a 1.67% dividend yield in the last twelve months. The annual payout for that period amounted to $0.89 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.89 | $0.90 | $0.71 | $0.60 | $0.58 | $0.65 | $0.54 | $0.51 | $0.45 | $0.38 | $0.33 | $0.23 |
Dividend yield | 1.67% | 1.76% | 1.66% | 1.27% | 1.61% | 1.82% | 1.76% | 1.40% | 1.38% | 1.45% | 1.08% | 0.77% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Mid 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.21 | $0.00 | $0.33 | |||||
| 2023 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.35 | $0.90 |
| 2022 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.26 | $0.71 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.22 | $0.60 |
| 2020 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.22 | $0.58 |
| 2019 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.65 |
| 2018 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.22 | $0.54 |
| 2017 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.22 | $0.51 |
| 2016 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.15 | $0.45 |
| 2015 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.13 | $0.38 |
| 2014 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.13 | $0.33 |
| 2013 | $0.04 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.23 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Mid 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 Mid Cap Value AlphaDEX Fund was 50.70%, occurring on Mar 23, 2020. Recovery took 200 trading sessions.
The current First Trust Mid Cap Value AlphaDEX Fund drawdown is 2.78%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -50.7% | Aug 22, 2018 | 398 | Mar 23, 2020 | 200 | Jan 6, 2021 | 598 |
| -27.38% | Apr 16, 2015 | 193 | Jan 20, 2016 | 211 | Nov 17, 2016 | 404 |
| -26.21% | Jul 8, 2011 | 46 | Oct 4, 2011 | 74 | Feb 3, 2012 | 120 |
| -20.4% | Jan 18, 2022 | 178 | Sep 30, 2022 | 81 | Jan 27, 2023 | 259 |
| -17.78% | Feb 3, 2023 | 63 | May 4, 2023 | 155 | Dec 14, 2023 | 218 |
Volatility
Volatility Chart
The current First Trust Mid Cap Value AlphaDEX Fund volatility is 5.83%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.