Correlation
The correlation between FNK and DISV is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
FNK vs. DISV
Compare and contrast key facts about First Trust Mid Cap Value AlphaDEX Fund (FNK) and Dimensional International Small Cap Value ETF (DISV).
FNK and DISV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNK is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Mid Cap Value Index. It was launched on Apr 19, 2011. DISV is an actively managed fund by Dimensional Fund Advisors. It was launched on Mar 23, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNK or DISV.
Performance
FNK vs. DISV - Performance Comparison
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Key characteristics
FNK:
-0.11
DISV:
0.92
FNK:
-0.01
DISV:
1.30
FNK:
1.00
DISV:
1.18
FNK:
-0.11
DISV:
1.15
FNK:
-0.32
DISV:
3.45
FNK:
8.79%
DISV:
4.71%
FNK:
23.55%
DISV:
18.11%
FNK:
-50.70%
DISV:
-26.77%
FNK:
-13.71%
DISV:
-0.34%
Returns By Period
In the year-to-date period, FNK achieves a -6.50% return, which is significantly lower than DISV's 20.72% return.
FNK
-6.50%
4.92%
-13.13%
-2.64%
4.75%
15.48%
6.35%
DISV
20.72%
6.16%
17.99%
16.56%
12.97%
N/A
N/A
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FNK vs. DISV - Expense Ratio Comparison
FNK has a 0.70% expense ratio, which is higher than DISV's 0.42% expense ratio.
Risk-Adjusted Performance
FNK vs. DISV — Risk-Adjusted Performance Rank
FNK
DISV
FNK vs. DISV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Mid Cap Value AlphaDEX Fund (FNK) and Dimensional International Small Cap Value ETF (DISV). 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.
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Dividends
FNK vs. DISV - Dividend Comparison
FNK's dividend yield for the trailing twelve months is around 1.87%, less than DISV's 2.37% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNK First Trust Mid Cap Value AlphaDEX Fund | 1.87% | 1.63% | 1.76% | 1.66% | 1.27% | 1.61% | 1.82% | 1.76% | 1.40% | 1.38% | 1.44% | 1.07% |
DISV Dimensional International Small Cap Value ETF | 2.37% | 2.77% | 2.73% | 1.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FNK vs. DISV - Drawdown Comparison
The maximum FNK drawdown since its inception was -50.70%, which is greater than DISV's maximum drawdown of -26.77%. Use the drawdown chart below to compare losses from any high point for FNK and DISV.
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Volatility
FNK vs. DISV - Volatility Comparison
First Trust Mid Cap Value AlphaDEX Fund (FNK) has a higher volatility of 6.78% compared to Dimensional International Small Cap Value ETF (DISV) at 2.57%. This indicates that FNK's price experiences larger fluctuations and is considered to be riskier than DISV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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