Correlation
The correlation between FNK and IWY is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
FNK vs. IWY
Compare and contrast key facts about First Trust Mid Cap Value AlphaDEX Fund (FNK) and iShares Russell Top 200 Growth ETF (IWY).
FNK and IWY 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. IWY is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Growth Index. It was launched on Sep 22, 2009. Both FNK and IWY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNK or IWY.
Performance
FNK vs. IWY - Performance Comparison
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Key characteristics
FNK:
-0.11
IWY:
0.67
FNK:
-0.01
IWY:
0.96
FNK:
1.00
IWY:
1.13
FNK:
-0.11
IWY:
0.63
FNK:
-0.32
IWY:
1.99
FNK:
8.79%
IWY:
7.29%
FNK:
23.55%
IWY:
25.45%
FNK:
-50.70%
IWY:
-32.68%
FNK:
-13.71%
IWY:
-5.04%
Returns By Period
In the year-to-date period, FNK achieves a -6.50% return, which is significantly lower than IWY's -1.33% return. Over the past 10 years, FNK has underperformed IWY with an annualized return of 6.35%, while IWY has yielded a comparatively higher 17.04% annualized return.
FNK
-6.50%
2.59%
-13.13%
-4.19%
4.75%
15.48%
6.35%
IWY
-1.33%
5.52%
0.51%
16.37%
20.18%
18.64%
17.04%
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FNK vs. IWY - Expense Ratio Comparison
FNK has a 0.70% expense ratio, which is higher than IWY's 0.20% expense ratio.
Risk-Adjusted Performance
FNK vs. IWY — Risk-Adjusted Performance Rank
FNK
IWY
FNK vs. IWY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Mid Cap Value AlphaDEX Fund (FNK) and iShares Russell Top 200 Growth ETF (IWY). 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. IWY - Dividend Comparison
FNK's dividend yield for the trailing twelve months is around 1.87%, more than IWY's 0.42% 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% |
IWY iShares Russell Top 200 Growth ETF | 0.42% | 0.42% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% | 1.44% |
Drawdowns
FNK vs. IWY - Drawdown Comparison
The maximum FNK drawdown since its inception was -50.70%, which is greater than IWY's maximum drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for FNK and IWY.
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Volatility
FNK vs. IWY - Volatility Comparison
First Trust Mid Cap Value AlphaDEX Fund (FNK) has a higher volatility of 6.78% compared to iShares Russell Top 200 Growth ETF (IWY) at 5.68%. This indicates that FNK's price experiences larger fluctuations and is considered to be riskier than IWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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