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First Trust Mid Cap Value AlphaDEX Fund (FNK)

ETF · Currency in USD · Last updated Feb 22, 2024

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.

Summary

ETF Info

ISINUS33737M2017
CUSIP33737M201
IssuerFirst Trust
Inception DateApr 19, 2011
RegionNorth America (U.S.)
CategorySmall Cap Value Equities
Index TrackedNASDAQ AlphaDEX Mid Cap Value Index
Home Pagewww.ftportfolios.com
Asset ClassEquity

Asset Class Size

Small-Cap

Asset Class Style

Blend

Expense Ratio

The First Trust Mid Cap Value AlphaDEX Fund has a high expense ratio of 0.70%, indicating higher-than-average management fees.


0.70%
0.00%2.15%

Share Price Chart


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Performance

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.


-10.00%-5.00%0.00%5.00%10.00%15.00%SeptemberOctoberNovemberDecember2024February
10.52%
13.83%
FNK (First Trust Mid Cap Value AlphaDEX Fund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with FNK

First Trust Mid Cap Value AlphaDEX Fund

Popular comparisons: FNK vs. VOE, FNK vs. MDYV

Return

First Trust Mid Cap Value AlphaDEX Fund had a return of -1.80% year-to-date (YTD) and 9.42% in the last 12 months. Over the past 10 years, First Trust Mid Cap Value AlphaDEX Fund had an annualized return of 7.11%, while the S&P 500 had an annualized return of 10.51%, indicating that First Trust Mid Cap Value AlphaDEX Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date-1.80%4.44%
1 month0.24%2.71%
6 months9.92%12.30%
1 year9.42%24.63%
5 years (annualized)8.82%12.30%
10 years (annualized)7.11%10.51%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2024-2.96%
20237.29%-3.73%-5.02%-5.02%8.28%11.90%

Risk-Adjusted Performance

This table presents risk-adjusted performance metrics for First Trust Mid Cap Value AlphaDEX Fund (FNK) and compares them with a selected benchmark (^GSPC). These performance indicators assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
FNK
First Trust Mid Cap Value AlphaDEX Fund
0.28
^GSPC
S&P 500
1.79

Sharpe Ratio

The current First Trust Mid Cap Value AlphaDEX Fund Sharpe ratio is 0.28. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00SeptemberOctoberNovemberDecember2024February
0.28
1.79
FNK (First Trust Mid Cap Value AlphaDEX Fund)
Benchmark (^GSPC)

Dividend History

First Trust Mid Cap Value AlphaDEX Fund granted a 1.80% dividend yield in the last twelve months. The annual payout for that period amounted to $0.90 per share.


PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.90$0.90$0.71$0.60$0.58$0.65$0.54$0.51$0.45$0.38$0.33$0.23

Dividend yield

1.80%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.


JanFebMarAprMayJunJulAugSepOctNovDec
2024$0.00
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
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
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
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
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
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
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
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
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
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
2013$0.04$0.00$0.00$0.06$0.00$0.00$0.05$0.00$0.00$0.07

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-15.00%-10.00%-5.00%0.00%SeptemberOctoberNovemberDecember2024February
-2.74%
-0.95%
FNK (First Trust Mid Cap Value AlphaDEX Fund)
Benchmark (^GSPC)

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 2.74%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-50.7%Aug 22, 2018398Mar 23, 2020200Jan 6, 2021598
-27.38%Apr 16, 2015193Jan 20, 2016211Nov 17, 2016404
-26.21%Jul 8, 201146Oct 4, 201174Feb 3, 2012120
-20.4%Jan 18, 2022178Sep 30, 202281Jan 27, 2023259
-17.78%Feb 3, 202363May 4, 2023155Dec 14, 2023218

Volatility Chart

The current First Trust Mid Cap Value AlphaDEX Fund volatility is 5.58%, 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.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%SeptemberOctoberNovemberDecember2024February
5.58%
3.37%
FNK (First Trust Mid Cap Value AlphaDEX Fund)
Benchmark (^GSPC)