BSVO vs. FNK

Last updated Aug 4, 2026

BSVO (EA Bridgeway Omni Small-Cap Value ETF) and FNK (First Trust Mid Cap Value AlphaDEX Fund) are both Small Cap Value Equities funds. BSVO is actively managed, while FNK is passively managed. Over the past 3 years, BSVO returned 16.92%/yr vs 11.54%/yr for FNK. Their correlation of 0.92 means they have usually moved in the same direction. BSVO charges 0.47%/yr vs 0.70%/yr for FNK.

Performance

BSVO vs. FNK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EA Bridgeway Omni Small-Cap Value ETF (BSVO) and First Trust Mid Cap Value AlphaDEX Fund (FNK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSVO achieves a 27.67% return, which is significantly higher than FNK's 15.77% return.

BSVO

• 1D: 1.62%
• 1M: 3.17%
• 6M: 16.16%
• YTD: 27.67%
• 1Y: 49.97%
• 3Y*: 16.92%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.53%

FNK

• 1D: 0.91%
• 1M: 3.70%
• 6M: 9.71%
• YTD: 15.77%
• 1Y: 25.79%
• 3Y*: 11.54%
• 5Y*: 9.52%
• 10Y*: 9.81%
• ALL TIME*: 9.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BSVO EA Bridgeway Omni Small-Cap Value ETF	$3.29M	$4.03M	$4.10M
FNK First Trust Mid Cap Value AlphaDEX Fund	$167.32K	$198.23K	$288.96K

BSVO vs. FNK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BSVO EA Bridgeway Omni Small-Cap Value ETF	27.67%	9.21%	4.68%	21.95%
FNK First Trust Mid Cap Value AlphaDEX Fund	15.77%	5.65%	6.65%	19.65%

Correlation

The correlation between BSVO and FNK is 0.86, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.86
Correlation (3Y) Balances recent behavior with more history.	0.91
Correlation (All Time) Calculated using the full available price history since Mar 13, 2023	0.92

The correlation between BSVO and FNK has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.

BSVO vs. FNK - Sectors Allocation Comparison

Sectors	BSVO	FNK
Financial Services	34.7%	26.5%
Consumer Cyclical	15.7%	16.8%
Industrials	13.0%	10.2%
Energy	12.5%	8.8%
Technology	6.1%	7.1%
Consumer Defensive	4.9%	5.3%
Basic Materials	4.8%	6.2%
Communication Services	4.1%	1.3%
Healthcare	3.7%	4.4%
Real Estate	0.7%	7.1%
Utilities	-	4.9%

Return for Risk

BSVO vs. FNK — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BSVO

BSVO Risk / Return Rank: 94
BSVO Sharpe Ratio Rank: 95
BSVO Sortino Ratio Rank: 94
BSVO Omega Ratio Rank: 93
BSVO Calmar Ratio Rank: 96
BSVO Martin Ratio Rank: 94

FNK

FNK Risk / Return Rank: 73
FNK Sharpe Ratio Rank: 73
FNK Sortino Ratio Rank: 79
FNK Omega Ratio Rank: 71
FNK Calmar Ratio Rank: 76
FNK Martin Ratio Rank: 66

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BSVO vs. FNK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EA Bridgeway Omni Small-Cap Value ETF (BSVO) and First Trust Mid Cap Value AlphaDEX Fund (FNK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	BSVO	FNK	Difference
Sharpe ratio: Return per unit of total volatility	2.80	1.77	+1.04
Sortino ratio: Return per unit of downside risk	3.95	2.72	+1.23
Omega ratio: Gain probability vs. loss probability	1.49	1.32	+0.17
Calmar ratio: Return relative to maximum drawdown	6.04	2.84	+3.20
Martin ratio: Return relative to average drawdown	18.67	8.46	+10.22

BSVO vs. FNK - Sharpe Ratio Comparison

The current BSVO Sharpe Ratio is 2.80, which is higher than the FNK Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of BSVO and FNK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BSVO vs. FNK - Drawdown Comparison

The maximum BSVO drawdown since its inception was -28.67%, smaller than the maximum FNK drawdown of -50.70%. Use the drawdown chart below to compare losses from any high point for BSVO and FNK.

Drawdown Indicators

	BSVO	FNK	Difference
Max Drawdown Largest peak-to-trough decline	-28.67%	-50.70%	+22.03%
Max Drawdown (1Y) Largest decline over 1 year	-8.31%	-9.13%	+0.82%
Max Drawdown (3Y) Largest decline over 3 years	-28.67%	-25.16%	-3.51%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.16%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-50.70%	—
Current Drawdown Current decline from peak	0.00%	-0.44%	+0.44%
Average Drawdown Average peak-to-trough decline	-5.49%	-6.78%	+1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	3.06%	-0.38%

Volatility

BSVO vs. FNK - Volatility Comparison

EA Bridgeway Omni Small-Cap Value ETF (BSVO) and First Trust Mid Cap Value AlphaDEX Fund (FNK) have volatilities of 3.74% and 3.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSVO	FNK	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.74%	3.92%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	11.58%	9.49%	+2.09%
Volatility (1Y) Calculated over the trailing 1-year period	17.94%	14.68%	+3.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.41%	20.90%	+0.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.41%	23.76%	-2.35%

BSVO vs. FNK - Expense Ratio Comparison

BSVO has a 0.47% expense ratio, which is lower than FNK's 0.70% expense ratio.

Dividends

BSVO vs. FNK - Dividend Comparison

BSVO's dividend yield for the trailing twelve months is around 1.19%, less than FNK's 1.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSVO EA Bridgeway Omni Small-Cap Value ETF	1.19%	1.52%	1.61%	1.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FNK First Trust Mid Cap Value AlphaDEX Fund	1.41%	1.53%	1.63%	1.76%	1.66%	1.27%	1.61%	1.82%	1.76%	1.40%	1.38%	1.45%

Frequently Asked Questions

Can I hold both BSVO and FNK in my portfolio?

BSVO and FNK have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSVO or FNK?

FNK has higher volatility (3.92%) compared to BSVO (3.74%). In terms of maximum drawdown, BSVO dropped -28.67% vs FNK's -50.70%.

Which ETF is better, BSVO or FNK?

On 3-year performance, BSVO leads with 16.92% vs 11.54% for FNK. On fees, BSVO is cheaper at 0.47% per year. On volatility, BSVO has been the lower-risk option at 3.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSVO or FNK?

Over the 3-year period, BSVO has performed better with a 16.92% return vs 11.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSVO or FNK?

BSVO is cheaper with a 0.47% expense ratio, compared with 0.70% for FNK.

Which ETF pays a higher dividend yield, BSVO or FNK?

FNK has the higher dividend yield at 1.41%, compared with 1.19% for BSVO.

What is the main difference between BSVO and FNK?

They also come from different issuers: Bridgeway and First Trust. Their fees differ too: 0.47% for BSVO and 0.70% for FNK.

Which has better risk-adjusted returns?

BSVO currently has the higher Sharpe Ratio (2.80 vs 1.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.