FNK vs. FNCMX
Compare and contrast key facts about First Trust Mid Cap Value AlphaDEX Fund (FNK) and Fidelity NASDAQ Composite Index Fund (FNCMX).
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. FNCMX is managed by Fidelity.
Performance
FNK vs. FNCMX - Performance Comparison
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FNK vs. FNCMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNK First Trust Mid Cap Value AlphaDEX Fund | 3.02% | 5.65% | 6.65% | 21.03% | -7.24% | 33.60% | 1.23% | 20.56% | -14.72% | 11.81% |
FNCMX Fidelity NASDAQ Composite Index Fund | -10.43% | 21.11% | 29.48% | 45.13% | -32.40% | 22.21% | 44.57% | 36.63% | -3.07% | 28.35% |
Returns By Period
In the year-to-date period, FNK achieves a 3.02% return, which is significantly higher than FNCMX's -10.43% return. Over the past 10 years, FNK has underperformed FNCMX with an annualized return of 9.15%, while FNCMX has yielded a comparatively higher 16.42% annualized return.
FNK
- 1D
- 1.61%
- 1M
- -4.17%
- YTD
- 3.02%
- 6M
- 4.27%
- 1Y
- 15.07%
- 3Y*
- 11.24%
- 5Y*
- 7.47%
- 10Y*
- 9.15%
FNCMX
- 1D
- -0.73%
- 1M
- -8.22%
- YTD
- -10.43%
- 6M
- -8.01%
- 1Y
- 20.91%
- 3Y*
- 20.31%
- 5Y*
- 10.35%
- 10Y*
- 16.42%
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FNK vs. FNCMX - Expense Ratio Comparison
FNK has a 0.70% expense ratio, which is higher than FNCMX's 0.29% expense ratio.
Return for Risk
FNK vs. FNCMX — Risk / Return Rank
FNK
FNCMX
FNK vs. FNCMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Mid Cap Value AlphaDEX Fund (FNK) and Fidelity NASDAQ Composite Index Fund (FNCMX). 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.
| FNK | FNCMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.69 | 0.91 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.13 | 1.44 | -0.30 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.20 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.99 | 1.32 | -0.33 |
Martin ratioReturn relative to average drawdown | 3.75 | 4.92 | -1.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNK | FNCMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 0.91 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.46 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.75 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.52 | -0.14 |
Correlation
The correlation between FNK and FNCMX is 0.64, 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.
Dividends
FNK vs. FNCMX - Dividend Comparison
FNK's dividend yield for the trailing twelve months is around 1.63%, more than FNCMX's 0.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNK First Trust Mid Cap Value AlphaDEX Fund | 1.63% | 1.53% | 1.63% | 1.76% | 1.66% | 1.27% | 1.61% | 1.82% | 1.76% | 1.40% | 1.38% | 1.45% |
FNCMX Fidelity NASDAQ Composite Index Fund | 0.57% | 0.51% | 0.61% | 0.67% | 0.88% | 0.47% | 0.67% | 4.41% | 1.93% | 0.03% | 1.01% | 1.50% |
Drawdowns
FNK vs. FNCMX - Drawdown Comparison
The maximum FNK drawdown since its inception was -50.70%, smaller than the maximum FNCMX drawdown of -55.08%. Use the drawdown chart below to compare losses from any high point for FNK and FNCMX.
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Drawdown Indicators
| FNK | FNCMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.70% | -55.08% | +4.38% |
Max Drawdown (1Y)Largest decline over 1 year | -15.86% | -13.25% | -2.61% |
Max Drawdown (5Y)Largest decline over 5 years | -25.16% | -35.64% | +10.48% |
Max Drawdown (10Y)Largest decline over 10 years | -50.70% | -35.64% | -15.06% |
Current DrawdownCurrent decline from peak | -6.00% | -13.01% | +7.01% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -7.91% | +1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.20% | 3.56% | +0.64% |
Volatility
FNK vs. FNCMX - Volatility Comparison
The current volatility for First Trust Mid Cap Value AlphaDEX Fund (FNK) is 4.49%, while Fidelity NASDAQ Composite Index Fund (FNCMX) has a volatility of 5.63%. This indicates that FNK experiences smaller price fluctuations and is considered to be less risky than FNCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNK | FNCMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 5.63% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 10.87% | 12.48% | -1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.08% | 23.06% | -0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.11% | 22.42% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.89% | 21.97% | +1.92% |