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 29 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% | 65.50B | Jan 2004 | FNK vs VBR | |
| iShares Morningstar Small Cap Value ETF | 0.06% | 736.19M | Jun 2004 | FNK vs ISCV | |
| Vanguard Russell 2000 Value ETF | 0.10% | 1.30B | Sep 2010 | FNK vs VTWV | |
| Vanguard S&P Small-Cap 600 Value ETF | 0.10% | 1.90B | Sep 2010 | FNK vs VIOV | |
| SPDR S&P 600 Small Cap Value ETF | 0.15% | 4.68B | Sep 2000 | FNK vs SLYV |
Best Risk-Adjusted Alternatives to FNK
FNK has a PortfoliosLab risk / return rank of 42. There are 32 ETFs in the Small Cap Value Equities category with higher risk-adjusted ranks, going as high as 86.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Harbor SMID Cap Value ETF | 86 | 6.12M | May 2025 | FNK vs EPSV | |
| EA Bridgeway Omni Small-Cap Value ETF | 81 | 1.71B | Dec 2010 | FNK vs BSVO | |
| iShares Russell 2000 Value ETF | 80 | 14.31B | Jul 2000 | FNK vs IWN | |
| Avantis US Small Cap Equity ETF | 80 | 2.67B | Jan 2022 | FNK vs AVSC | |
| Vanguard Russell 2000 Value ETF | 80 | 1.30B | Sep 2010 | FNK vs VTWV |
Top Performing FNK Alternatives (YTD)
FNK is at 9.10% YTD. There are 35 ETFs in the Small Cap Value Equities category with higher YTD returns, going as high as 27.95%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Harbor SMID Cap Value ETF | 27.95% | 6.12M | May 2025 | FNK vs EPSV | |
| EA Bridgeway Omni Small-Cap Value ETF | 22.35% | 1.71B | Dec 2010 | FNK vs BSVO | |
| Avantis US Small Cap Equity ETF | 21.15% | 2.67B | Jan 2022 | FNK vs AVSC | |
| Invesco S&P SmallCap 600® Pure Value ETF | 21.03% | 276.01M | Mar 2006 | FNK vs RZV | |
| Invesco S&P SmallCap Value with Momentum ETF | 20.98% | 628.30M | Mar 2005 | FNK vs XSVM |
Lowest Volatility Alternatives to FNK
FNK has 15.27% 1-year volatility. There are 5 ETFs in the Small Cap Value Equities category with lower 1-year volatility, going as low as 12.05%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Bahl & Gaynor Small/Mid Cap Income Growth ETF | 12.05% | 1.13B | Aug 2021 | FNK vs SMIG | |
| Brandes U.S. Small-Mid Cap Value ETF | 14.63% | 161.61M | Oct 2023 | FNK vs BSMC | |
| EA Series Trust - Euclidean Fundamental Value ETF | 14.77% | 136.73M | May 2023 | FNK vs ECML | |
| iShares International Developed Small Cap Value Fa... | 14.82% | 315.70M | Mar 2021 | FNK vs ISVL | |
| VictoryShares US Small Mid Cap Value Momentum ETF | 14.96% | 1.68B | Oct 2017 | FNK vs USVM |
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 -7.01%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| EA Series Trust - Euclidean Fundamental Value ETF | -7.01% | 136.73M | May 2023 | FNK vs ECML | |
| Themes US Small Cap Cash Flow Champions ETF | -7.13% | 3.04M | Dec 2023 | FNK vs SMCF | |
| Avantis US Small Cap Equity ETF | -7.89% | 2.67B | Jan 2022 | FNK vs AVSC | |
| Avantis US Small Cap Value ETF | -7.95% | 26.41B | 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, NFTY and span 13 categories. AUM among these funds goes as high as $14B.
Often Compared With FNK
Investors most often compare FNK with MDYV, FNCMX, GETGX. These 20 comparison targets span 10 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