First Trust Mid Cap Core AlphaDEX Fund (FNX) belongs to the Mid Cap Blend Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FNX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FNX
FNX charges 0.60% annually. There are 58 ETFs in the Mid Cap Blend Equities category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Mid-Cap ETF | 0.03% | 218.80B | Jan 2004 | FNX vs VO | |
| SPDR Portfolio S&P 400 Mid Cap ETF | 0.03% | 18.14B | Nov 2005 | FNX vs SPMD | |
| iShares Morningstar Mid-Cap ETF | 0.04% | 1.64B | Jun 2004 | FNX vs IMCB | |
| Schwab US Mid-Cap ETF | 0.04% | 14.91B | Jan 2011 | FNX vs SCHM | |
| iShares Core S&P Mid-Cap ETF | 0.05% | 122.37B | May 2000 | FNX vs IJH |
Best Risk-Adjusted Alternatives to FNX
FNX has a PortfoliosLab risk / return rank of 60. There are 31 ETFs in the Mid Cap Blend Equities category with higher risk-adjusted ranks, going as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Castellan Targeted Equity ETF | 92 | — | Jun 2025 | FNX vs CTEF | |
| Invesco S&P Spin-Off ETF | 90 | 226.12M | Dec 2006 | FNX vs CSD | |
| Optimize Strategy Index ETF | 85 | 239.89M | Apr 2024 | FNX vs OPTZ | |
| Amplify Etho Climate Leadership U.S. ETF | 84 | 183.76M | Nov 2015 | FNX vs ETHO | |
| SRH U.S. Quality ETF | 83 | 170.62M | Oct 2022 | FNX vs SRHQ |
Top Performing FNX Alternatives (YTD)
FNX is at 14.72% YTD. There are 39 ETFs in the Mid Cap Blend Equities category with higher YTD returns, going as high as 37.16%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco S&P Spin-Off ETF | 37.16% | 226.12M | Dec 2006 | FNX vs CSD | |
| Castellan Targeted Equity ETF | 33.65% | — | Jun 2025 | FNX vs CTEF | |
| Optimize Strategy Index ETF | 25.55% | 239.89M | Apr 2024 | FNX vs OPTZ | |
| Counterpoint Quantitative Equity ETF | 24.09% | 366.29M | Nov 2023 | FNX vs CPAI | |
| Amplify Etho Climate Leadership U.S. ETF | 22.44% | 183.76M | Nov 2015 | FNX vs ETHO |
Lowest Volatility Alternatives to FNX
FNX has 16.17% 1-year volatility. There are 57 ETFs in the Mid Cap Blend Equities category with lower 1-year volatility, going as low as 8.79%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard U.S. Minimum Volatility ETF | 8.79% | 426.50M | Feb 2018 | FNX vs VFMV | |
| Invesco Dynamic Market ETF | 9.78% | 95.10M | May 2003 | FNX vs PWC | |
| Invesco Bloomberg MVP Multi-factor ETF | 9.78% | 101.68M | May 2003 | FNX vs BMVP | |
| ETC 6 Meridian Low Beta Equity Strategy ETF | 10.31% | 185.97M | May 2020 | FNX vs SIXL | |
| Indexperts Quality Earnings Focused ETF | 10.91% | 34.97M | Dec 2024 | FNX vs QIDX |
Lowest Drawdown Alternatives to FNX
FNX has a 1-year max drawdown of -9.24%. There are 43 ETFs in the Mid Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -6.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard U.S. Minimum Volatility ETF | -6.00% | 426.50M | Feb 2018 | FNX vs VFMV | |
| SRH U.S. Quality ETF | -6.31% | 170.62M | Oct 2022 | FNX vs SRHQ | |
| Invesco Dynamic Market ETF | -6.45% | 95.10M | May 2003 | FNX vs PWC | |
| Invesco Bloomberg MVP Multi-factor ETF | -6.45% | 101.68M | May 2003 | FNX vs BMVP | |
| WisdomTree US Multifactor Fund | -6.47% | 301.51M | Jun 2017 | FNX vs USMF |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, AIRR and span 14 categories. AUM among these funds goes as high as $14B.
Often Compared With FNX
Investors most often compare FNX with FNCMX, MDY, AVMV. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare FNX with Any Fund or Stock
Compare FNX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FNX with funds that move differently
First Trust Mid Cap Core AlphaDEX Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FNX.
Explore FNX Diversifiers