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FNK vs. VOE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

FNK vs. VOE

Last updated May 12, 2025

Compare and contrast key facts about First Trust Mid Cap Value AlphaDEX Fund (FNK) and Vanguard Mid-Cap Value ETF (VOE).

FNK and VOE 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. VOE is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Value Index. It was launched on Aug 17, 2006. Both FNK and VOE 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 VOE.

Correlation

The correlation between FNK and VOE is 1.00, 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.

Performance

FNK vs. VOE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Mid Cap Value AlphaDEX Fund (FNK) and Vanguard Mid-Cap Value ETF (VOE). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Daily Std Dev

FNK:

16.69%

VOE:

10.43%

Max Drawdown

FNK:

-0.41%

VOE:

-0.68%

Current Drawdown

FNK:

0.00%

VOE:

0.00%

Returns By Period

FNK

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

VOE

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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FNK vs. VOE - Expense Ratio Comparison

FNK has a 0.70% expense ratio, which is higher than VOE's 0.07% expense ratio.

FNK
First Trust Mid Cap Value AlphaDEX Fund
VOE
Vanguard Mid-Cap Value ETF

Risk-Adjusted Performance

FNK vs. VOE — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FNK
The Risk-Adjusted Performance Rank of FNK is 1111
Overall Rank
The Sharpe Ratio Rank of FNK is 1010
Sharpe Ratio Rank
The Sortino Ratio Rank of FNK is 1111
Sortino Ratio Rank
The Omega Ratio Rank of FNK is 1111
Omega Ratio Rank
The Calmar Ratio Rank of FNK is 1010
Calmar Ratio Rank
The Martin Ratio Rank of FNK is 1010
Martin Ratio Rank
VOE
The Risk-Adjusted Performance Rank of VOE is 4949
Overall Rank
The Sharpe Ratio Rank of VOE is 4646
Sharpe Ratio Rank
The Sortino Ratio Rank of VOE is 5050
Sortino Ratio Rank
The Omega Ratio Rank of VOE is 4949
Omega Ratio Rank
The Calmar Ratio Rank of VOE is 5252
Calmar Ratio Rank
The Martin Ratio Rank of VOE is 4747
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FNK vs. VOE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Mid Cap Value AlphaDEX Fund (FNK) and Vanguard Mid-Cap Value ETF (VOE). 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. VOE - Dividend Comparison

FNK's dividend yield for the trailing twelve months is around 1.89%, less than VOE's 2.35% yield.

TTM20242023202220212020201920182017201620152014
FNK
First Trust Mid Cap Value AlphaDEX Fund		1.89%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VOE
Vanguard Mid-Cap Value ETF		2.35%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

FNK vs. VOE - Drawdown Comparison

The maximum FNK drawdown since its inception was -0.41%, smaller than the maximum VOE drawdown of -0.68%. Use the drawdown chart below to compare losses from any high point for FNK and VOE. For additional features, visit the drawdowns tool.

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Volatility

FNK vs. VOE - Volatility Comparison

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