FAD vs. TSCM
FAD (First Trust Multi Cap Growth AlphaDEX Fund) and TSCM (TimesSquare Quality Mid Cap Growth ETF) are both exchange-traded funds - FAD is a Mid Cap Growth Equities fund tracking the NASDAQ AlphaDEX Multi Cap Growth Index, while TSCM is a Quality Factor fund actively managed by TimesSquare. FAD is passively managed, while TSCM is actively managed. Their 0.76 correlation means they have sometimes moved together and sometimes differently. FAD charges 0.63%/yr vs 0.55%/yr for TSCM.
Performance
FAD vs. TSCM - Performance Comparison
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Returns By Period
In the year-to-date period, FAD achieves a 13.47% return, which is significantly higher than TSCM's 1.88% return.
FAD
- 1D
- -0.06%
- 1M
- -4.21%
- 6M
- 10.52%
- YTD
- 13.47%
- 1Y
- 24.70%
- 3Y*
- 19.42%
- 5Y*
- 9.39%
- 10Y*
- 13.70%
- ALL TIME*
- 10.35%
TSCM
- 1D
- 0.84%
- 1M
- -5.09%
- 6M
- 7.13%
- YTD
- 1.88%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.18M | $2.71M | $2.70M | |
| $26.58K | $29.10K | $32.07K |
FAD vs. TSCM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FAD First Trust Multi Cap Growth AlphaDEX Fund | 13.47% | -1.46% |
TSCM TimesSquare Quality Mid Cap Growth ETF | 1.88% | -1.32% |
Correlation
The correlation between FAD and TSCM is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 30, 2025 | 0.76 |
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Return for Risk
FAD vs. TSCM — Risk / Return Rank
FAD
TSCM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FAD vs. TSCM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Multi Cap Growth AlphaDEX Fund (FAD) and TimesSquare Quality Mid Cap Growth ETF (TSCM). 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.
| FAD | TSCM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.19 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | — | — |
| Martin ratioReturn relative to average drawdown | 6.53 | — | — |
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Drawdowns
FAD vs. TSCM - Drawdown Comparison
The maximum FAD drawdown since its inception was -54.33%, which is greater than TSCM's maximum drawdown of -14.87%. Use the drawdown chart below to compare losses from any high point for FAD and TSCM.
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Drawdown Indicators
| FAD | TSCM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.33% | -14.87% | -39.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.66% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -23.55% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.99% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.25% | — | — |
Current DrawdownCurrent decline from peak | -8.21% | -6.71% | -1.50% |
Average DrawdownAverage peak-to-trough decline | -9.60% | -5.45% | -4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | — | — |
Volatility
FAD vs. TSCM - Volatility Comparison
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Volatility by Period
| FAD | TSCM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.39% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.54% | 21.03% | -0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.87% | 21.03% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.35% | 21.03% | +0.32% |
FAD vs. TSCM - Expense Ratio Comparison
FAD has a 0.63% expense ratio, which is higher than TSCM's 0.55% expense ratio.
Dividends
FAD vs. TSCM - Dividend Comparison
FAD's dividend yield for the trailing twelve months is around 0.10%, while TSCM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAD First Trust Multi Cap Growth AlphaDEX Fund | 0.10% | 0.09% | 0.59% | 0.51% | 0.60% | 0.09% | 0.32% | 0.48% | 0.20% | 0.22% | 0.64% | 0.41% |
TSCM TimesSquare Quality Mid Cap Growth ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FAD and TSCM have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSCM is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSCM is cheaper with a 0.55% expense ratio, compared with 0.63% for FAD.
FAD has the higher dividend yield at 0.10%, compared with 0.00% for TSCM.
FAD is categorized as Mid Cap Growth Equities, while TSCM is Quality Factor. They also come from different issuers: First Trust and TimesSquare. Their fees differ too: 0.63% for FAD and 0.55% for TSCM.
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