- ISIN
- US33735B1089
- CUSIP
- 33735B108
- Issuer
- First Trust
- Inception Date
- May 8, 2007
- Region
- North America (U.S.)
- Category
- Mid Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- NASDAQ AlphaDEX Mid Cap Core Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $1B
Share Price Chart
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Performance
FNX Performance Chart
First Trust Mid Cap Core AlphaDEX Fund (FNX) is up 14.5% since the beginning of the year. FNX is currently trading at $144 per share. Investors who bought $1,000 worth of FNX shares 5 years ago would now be looking at an investment worth $1,543.
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Returns By Period
First Trust Mid Cap Core AlphaDEX Fund (FNX) has returned 14.46% so far this year and 29.14% over the past 12 months. Over the last ten years, FNX has returned 12.51% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
First Trust Mid Cap Core AlphaDEX Fund
- 1D
- 0.48%
- 1M
- 3.65%
- YTD
- 14.46%
- 6M
- 11.83%
- 1Y
- 29.14%
- 3Y*
- 17.41%
- 5Y*
- 9.06%
- 10Y*
- 12.51%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FNX Monthly Returns History
Based on dividend-adjusted daily data since May 10, 2007, FNX's average daily return is +0.05%, while the average monthly return is +0.94%. At this rate, an investment would double in approximately 6.2 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2009 with a return of +19.7%, while the worst month was Mar 2020 at -24.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FNX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +10.7%, while the worst single day was Mar 16, 2020 at -13.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.11% | 2.60% | -5.37% | 8.07% | 1.19% | 2.56% | 14.46% | ||||||
| 2025 | 4.22% | -4.62% | -5.04% | -3.79% | 5.67% | 3.91% | 1.96% | 5.76% | 1.42% | -0.81% | 1.75% | -0.16% | 9.87% |
| 2024 | -2.74% | 6.16% | 5.28% | -6.50% | 4.72% | -1.91% | 7.25% | -0.27% | 1.35% | -1.82% | 9.87% | -8.08% | 12.21% |
| 2023 | 10.34% | -2.94% | -4.05% | -0.49% | -2.89% | 11.05% | 4.82% | -3.43% | -5.29% | -6.20% | 9.48% | 10.90% | 20.39% |
| 2022 | -6.19% | 0.69% | 1.18% | -5.95% | 2.38% | -11.24% | 10.63% | -3.12% | -10.15% | 11.21% | 4.75% | -5.67% | -13.57% |
| 2021 | 2.17% | 6.62% | 3.73% | 4.52% | 0.91% | 1.33% | -0.86% | 2.86% | -3.95% | 5.27% | -3.49% | 4.05% | 25.05% |
Benchmark Metrics
First Trust Mid Cap Core AlphaDEX Fund has an annualized alpha of 1.85%, beta of 0.97, and R2 of 0.71 versus S&P 500 Index. Calculated based on daily prices since May 10, 2007.
- This ETF captured 116.42% of S&P 500 Index gains and 111.10% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 0.97 and R2 of 0.71, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.85%
- Beta
- 0.97
- R²
- 0.71
- Upside Capture
- 116.42%
- Downside Capture
- 111.10%
Expense Ratio
FNX has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FNX ranks 58 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Trust Mid Cap Core AlphaDEX Fund (FNX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FNX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 2.78 | +0.38 |
| Martin ratioReturn relative to average drawdown | 10.89 | 12.44 | -1.55 |
Dividends
Dividend History
First Trust Mid Cap Core AlphaDEX Fund provided a 0.81% dividend yield over the last twelve months, with an annual payout of $1.17 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.17 | $1.11 | $1.46 | $1.16 | $1.04 | $0.96 | $0.86 | $0.88 | $0.58 | $0.59 | $0.61 | $0.52 |
Dividend yield | 0.81% | 0.88% | 1.26% | 1.11% | 1.19% | 0.94% | 1.04% | 1.21% | 1.01% | 0.90% | 1.07% | 1.07% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Mid Cap Core 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.00 | $0.31 | ||||||
| 2025 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.39 | $1.11 |
| 2024 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.47 | $1.46 |
| 2023 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.44 | $1.16 |
| 2022 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.38 | $1.04 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.41 | $0.96 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Mid Cap Core 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 Core AlphaDEX Fund was 57.11%, occurring on Mar 6, 2009. Recovery took 285 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -57.11%Mar 2009 | 1y 7mo | 1y 1mo | 2y 9moJul 2007 - Apr 2010 |
COVID crash2020 | -43.95%Mar 2020 | 1mo 1d | 7mo 21d | 8mo 22dFeb 2020 - Nov 2020 |
2011 bear market2011 | -26.45%Oct 2011 | 2mo 27d | 5mo 12d | 8mo 9dJul 2011 - Mar 2012 |
Rate-hike selloffLate 2018 | -25.51%Dec 2018 | 3mo 26d | 11mo 27d | 1y 3moAug 2018 - Dec 2019 |
2025 selloff2025 | -24.97%Apr 2025 | 4mo 13d | 5mo 6d | 9mo 19dNov 2024 - Sep 2025 |
Drawdown Indicators
| FNX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.11% | -56.78% | -0.33% |
Max Drawdown (1Y)Largest decline over 1 year | -9.24% | -9.10% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -24.97% | -18.90% | -6.07% |
Max Drawdown (5Y)Largest decline over 5 years | -24.97% | -25.43% | +0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -43.95% | -33.92% | -10.03% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -8.38% | -10.71% | +2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.03% | +0.65% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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