FNX vs. AVMV
Compare and contrast key facts about First Trust Mid Cap Core AlphaDEX Fund (FNX) and Avantis U.S. Mid Cap Value ETF (AVMV).
FNX and AVMV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNX is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Mid Cap Core Index. It was launched on May 8, 2007. AVMV is an actively managed fund by Avantis. It was launched on Nov 7, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNX or AVMV.
Correlation
The correlation between FNX and AVMV is 0.76, 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
FNX vs. AVMV - Performance Comparison
Key characteristics
FNX:
-0.01
AVMV:
0.16
FNX:
0.15
AVMV:
0.39
FNX:
1.02
AVMV:
1.05
FNX:
-0.00
AVMV:
0.15
FNX:
-0.00
AVMV:
0.48
FNX:
8.23%
AVMV:
7.61%
FNX:
22.19%
AVMV:
22.22%
FNX:
-57.11%
AVMV:
-24.24%
FNX:
-14.05%
AVMV:
-12.91%
Returns By Period
In the year-to-date period, FNX achieves a -5.82% return, which is significantly lower than AVMV's -5.36% return.
FNX
-5.82%
14.55%
-10.84%
-0.18%
15.14%
8.29%
AVMV
-5.36%
14.96%
-9.07%
3.61%
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FNX vs. AVMV - Expense Ratio Comparison
FNX has a 0.60% expense ratio, which is higher than AVMV's 0.20% expense ratio.
Risk-Adjusted Performance
FNX vs. AVMV — Risk-Adjusted Performance Rank
FNX
AVMV
FNX vs. AVMV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Mid Cap Core AlphaDEX Fund (FNX) and Avantis U.S. Mid Cap Value ETF (AVMV). 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.
Dividends
FNX vs. AVMV - Dividend Comparison
FNX's dividend yield for the trailing twelve months is around 1.43%, which matches AVMV's 1.43% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNX First Trust Mid Cap Core AlphaDEX Fund | 1.43% | 1.26% | 1.11% | 1.19% | 0.94% | 1.04% | 1.21% | 1.01% | 0.90% | 1.07% | 1.08% | 0.77% |
AVMV Avantis U.S. Mid Cap Value ETF | 1.43% | 1.30% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FNX vs. AVMV - Drawdown Comparison
The maximum FNX drawdown since its inception was -57.11%, which is greater than AVMV's maximum drawdown of -24.24%. Use the drawdown chart below to compare losses from any high point for FNX and AVMV. For additional features, visit the drawdowns tool.
Volatility
FNX vs. AVMV - Volatility Comparison
The current volatility for First Trust Mid Cap Core AlphaDEX Fund (FNX) is 10.65%, while Avantis U.S. Mid Cap Value ETF (AVMV) has a volatility of 11.38%. This indicates that FNX experiences smaller price fluctuations and is considered to be less risky than AVMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.