DSMC vs. FNK
DSMC (Distillate Small/Mid Cash Flow ETF) and FNK (First Trust Mid Cap Value AlphaDEX Fund) are both Small Cap Value Equities funds. DSMC is actively managed, while FNK is passively managed. Over the past 3 years, DSMC returned 11.31%/yr vs 10.96%/yr for FNK. Their correlation of 0.94 means they have usually moved in the same direction. DSMC charges 0.55%/yr vs 0.70%/yr for FNK.
Performance
DSMC vs. FNK - Performance Comparison
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Returns By Period
In the year-to-date period, DSMC achieves a 20.82% return, which is significantly higher than FNK's 14.72% return.
DSMC
- 1D
- -0.24%
- 1M
- 3.93%
- 6M
- 13.71%
- YTD
- 20.82%
- 1Y
- 31.37%
- 3Y*
- 11.31%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.53%
FNK
- 1D
- -0.21%
- 1M
- 2.77%
- 6M
- 9.21%
- YTD
- 14.72%
- 1Y
- 24.65%
- 3Y*
- 10.96%
- 5Y*
- 9.09%
- 10Y*
- 10.03%
- ALL TIME*
- 9.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $134.46K | $196.71K | $205.16K | |
| $141.83K | $192.54K | $284.84K |
DSMC vs. FNK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DSMC Distillate Small/Mid Cash Flow ETF | 20.82% | 2.73% | 2.81% | 29.50% | 8.50% |
FNK First Trust Mid Cap Value AlphaDEX Fund | 14.72% | 5.65% | 6.65% | 21.03% | 6.14% |
Correlation
The correlation between DSMC and FNK is 0.88, 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. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2022 | 0.94 |
The correlation between DSMC and FNK has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.
DSMC vs. FNK - Sectors Allocation Comparison
Sectors
DSMC
FNK
Consumer Cyclical
Industrials
Technology
Energy
Healthcare
Consumer Defensive
Basic Materials
Communication Services
Financial Services
Real Estate
Utilities
-
Consumer Cyclical
DSMC
FNK
Industrials
DSMC
FNK
Technology
DSMC
FNK
Energy
DSMC
FNK
Healthcare
DSMC
FNK
Consumer Defensive
DSMC
FNK
Basic Materials
DSMC
FNK
Communication Services
DSMC
FNK
Financial Services
DSMC
FNK
Real Estate
DSMC
FNK
Utilities
DSMC
-
FNK
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Return for Risk
DSMC vs. FNK — Risk / Return Rank
DSMC
FNK
DSMC vs. FNK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Distillate Small/Mid Cash Flow ETF (DSMC) 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.
| DSMC | FNK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.28 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 2.50 | +0.33 |
| Martin ratioReturn relative to average drawdown | 9.69 | 7.45 | +2.24 |
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Drawdowns
DSMC vs. FNK - Drawdown Comparison
The maximum DSMC drawdown since its inception was -28.62%, smaller than the maximum FNK drawdown of -50.70%. Use the drawdown chart below to compare losses from any high point for DSMC and FNK.
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Drawdown Indicators
| DSMC | FNK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.62% | -50.70% | +22.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.33% | -9.13% | -1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -28.62% | -25.16% | -3.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.16% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.70% | — |
Current DrawdownCurrent decline from peak | -1.56% | -1.34% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -6.78% | +0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 3.06% | -0.05% |
Volatility
DSMC vs. FNK - Volatility Comparison
Distillate Small/Mid Cash Flow ETF (DSMC) has a higher volatility of 4.34% compared to First Trust Mid Cap Value AlphaDEX Fund (FNK) at 3.86%. This indicates that DSMC's price experiences larger fluctuations and is considered to be riskier than FNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DSMC | FNK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 3.86% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 10.47% | 9.46% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.74% | 14.75% | +1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.18% | 20.89% | -0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.18% | 23.75% | -3.57% |
DSMC vs. FNK - Expense Ratio Comparison
DSMC has a 0.55% expense ratio, which is lower than FNK's 0.70% expense ratio.
Dividends
DSMC vs. FNK - Dividend Comparison
DSMC's dividend yield for the trailing twelve months is around 1.09%, less than FNK's 1.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSMC Distillate Small/Mid Cash Flow ETF | 1.09% | 1.18% | 1.31% | 1.02% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNK First Trust Mid Cap Value AlphaDEX Fund | 1.43% | 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
DSMC and FNK have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DSMC has higher volatility (4.34%) compared to FNK (3.86%). In terms of maximum drawdown, DSMC dropped -28.62% vs FNK's -50.70%.
On 3-year performance, DSMC leads with 11.31% vs 10.96% for FNK. On fees, DSMC is cheaper at 0.55% per year. On volatility, FNK has been the lower-risk option at 3.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DSMC has performed better with a 11.31% return vs 10.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DSMC is cheaper with a 0.55% expense ratio, compared with 0.70% for FNK.
FNK has the higher dividend yield at 1.43%, compared with 1.09% for DSMC.
They also come from different issuers: Distillate and First Trust. Their fees differ too: 0.55% for DSMC and 0.70% for FNK.
DSMC currently has the higher Sharpe Ratio (1.75 vs 1.55), 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.
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