First Trust Mid Cap Value AlphaDEX Fund (FNK) belongs to the Small 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 FNK. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FNK
FNK charges 0.70% annually. There are 30 ETFs in the Small Cap Value Equities category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Small-Cap Value ETF | 0.05% | 67.80B | Jan 2004 | FNK vs VBR | |
| Vanguard Russell 2000 Value ETF | 0.06% | 1.40B | Sep 2010 | FNK vs VTWV | |
| iShares Morningstar Small Cap Value ETF | 0.06% | 691.91M | Jun 2004 | FNK vs ISCV | |
| Vanguard S&P Small-Cap 600 Value ETF | 0.10% | 2.00B | Sep 2010 | FNK vs VIOV | |
| SPDR S&P 600 Small Cap Value ETF | 0.15% | 4.91B | Sep 2000 | FNK vs SLYV |
Best Risk-Adjusted Alternatives to FNK
FNK has a PortfoliosLab risk / return rank of 68. There are 32 ETFs in the Small Cap Value Equities category with higher risk-adjusted ranks, going as high as 93.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| EA Bridgeway Omni Small-Cap Value ETF | 93 | 1.71B | Dec 2010 | FNK vs BSVO | |
| Pacer US Small Cap Cash Cows ETF | 92 | 3.54B | Jun 2017 | FNK vs CALF | |
| iShares US Small Cap Value Factor ETF | 92 | 204.95M | Oct 2020 | FNK vs SVAL | |
| First Trust Small Cap Value AlphaDEX Fund | 92 | 194.55M | Apr 2011 | FNK vs FYT | |
| iShares Russell 2000 Value ETF | 92 | 14.29B | Jul 2000 | FNK vs IWN |
Top Performing FNK Alternatives (YTD)
FNK is at 14.72% YTD. There are 35 ETFs in the Small Cap Value Equities category with higher YTD returns, going as high as 28.00%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Small Cap Value AlphaDEX Fund | 28.00% | 194.55M | Apr 2011 | FNK vs FYT | |
| Harbor SMID Cap Value ETF | 27.25% | 6.09M | May 2025 | FNK vs EPSV | |
| Towle Value ETF | 26.87% | 181.60M | Jul 2025 | FNK vs TCV | |
| Invesco S&P SmallCap 600® Pure Value ETF | 25.98% | 295.69M | Mar 2006 | FNK vs RZV | |
| Invesco S&P SmallCap Value with Momentum ETF | 25.81% | 673.30M | Mar 2005 | FNK vs XSVM |
Lowest Volatility Alternatives to FNK
FNK has 14.75% 1-year volatility. There are 4 ETFs in the Small Cap Value Equities category with lower 1-year volatility, going as low as 11.84%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Bahl & Gaynor Small/Mid Cap Income Growth ETF | 11.84% | 1.13B | Aug 2021 | FNK vs SMIG | |
| Euclidean Fundamental Value ETF | 14.05% | 136.73M | May 2023 | FNK vs ECML | |
| Brandes U.S. Small-Mid Cap Value ETF | 14.49% | 161.61M | Oct 2023 | FNK vs BSMC | |
| VictoryShares US Small Mid Cap Value Momentum ETF | 14.64% | 1.77B | Oct 2017 | FNK vs USVM | |
| Fidelity Enhanced Small Cap Value ETF | 14.86% | 4.93M | Apr 2026 | FNK vs FSEV |
Lowest Drawdown Alternatives to FNK
FNK has a 1-year max drawdown of -9.13%. There are 17 ETFs in the Small Cap Value Equities category with shallower 1-year drawdowns, going as shallow as -6.02%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Pacer US Small Cap Cash Cows ETF | -6.02% | 3.54B | Jun 2017 | FNK vs CALF | |
| Euclidean Fundamental Value ETF | -7.01% | 136.73M | May 2023 | FNK vs ECML | |
| Themes US Small Cap Cash Flow Champions ETF | -7.13% | 3.23M | Dec 2023 | FNK vs SMCF | |
| Avantis US Small Cap Value ETF | -7.95% | 30.19B | Sep 2019 | FNK vs AVUV | |
| EA Bridgeway Omni Small-Cap Value ETF | -8.31% | 1.71B | Dec 2010 | FNK vs BSVO |
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 FNK
Investors most often compare FNK with MDYV, FNCMX, GETGX. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare FNK with Any Fund or Stock
Compare FNK with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FNK with funds that move differently
First Trust Mid Cap Value AlphaDEX Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FNK.
Explore FNK Diversifiers