FAD vs. TSCM
FAD (First Trust Multi Cap Growth AlphaDEX Fund) and TSCM (TimesSquare Quality Mid Cap Growth ETF) are both Mid Cap Growth Equities funds. FAD is passively managed, while TSCM is actively managed. A 0.74 correlation means they provide meaningful diversification when combined. FAD charges 0.63%/yr vs 0.55%/yr for TSCM.
Performance
FAD vs. TSCM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FAD achieves a 17.25% return, which is significantly higher than TSCM's 3.31% return.
FAD
- 1D
- -0.15%
- 1M
- 6.70%
- YTD
- 17.25%
- 6M
- 17.16%
- 1Y
- 34.52%
- 3Y*
- 24.16%
- 5Y*
- 11.25%
- 10Y*
- 14.53%
TSCM
- 1D
- -0.92%
- 1M
- 5.27%
- YTD
- 3.31%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FAD vs. TSCM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FAD First Trust Multi Cap Growth AlphaDEX Fund | 17.25% | -0.94% |
TSCM TimesSquare Quality Mid Cap Growth ETF | 3.31% | -0.86% |
Correlation
The correlation between FAD and TSCM is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 31, 2025 | 0.74 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FAD vs. TSCM — Risk / Return Rank
FAD
TSCM
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.
| FAD | TSCM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | — | — |
| Martin ratioReturn relative to average drawdown | 12.54 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FAD | TSCM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.28 | +0.22 |
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.
Loading charts...
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 | -0.15% | -0.92% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -9.64% | -6.33% | -3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | — | — |
Volatility
FAD vs. TSCM - Volatility Comparison
Loading charts...
Volatility by Period
| FAD | TSCM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.50% | 21.03% | -2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.53% | 21.03% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.18% | 21.03% | +0.15% |
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 0.09%, 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 | 0.09% | 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 0.74, 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 0.09%, compared with 0.00% for TSCM.
They also come from different issuers: First Trust and TimesSquare Capital Management. Their fees differ too: 0.63% for FAD and 0.55% for TSCM.
Find the right allocation for FAD and TSCM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer