FNX vs. FLQM
Compare and contrast key facts about First Trust Mid Cap Core AlphaDEX Fund (FNX) and Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM).
FNX and FLQM 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. FLQM is a passively managed fund by Franklin Templeton that tracks the performance of the LibertyQ U.S. Mid Cap Equity Index. It was launched on Apr 26, 2017. Both FNX and FLQM 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: FNX or FLQM.
Correlation
The correlation between FNX and FLQM is 0.84, 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. FLQM - Performance Comparison
Key characteristics
FNX:
0.78
FLQM:
1.27
FNX:
1.17
FLQM:
1.85
FNX:
1.14
FLQM:
1.22
FNX:
1.40
FLQM:
2.02
FNX:
3.97
FLQM:
5.87
FNX:
3.40%
FLQM:
2.72%
FNX:
17.23%
FLQM:
12.63%
FNX:
-57.11%
FLQM:
-37.26%
FNX:
-7.74%
FLQM:
-6.10%
Returns By Period
In the year-to-date period, FNX achieves a 13.43% return, which is significantly lower than FLQM's 15.72% return.
FNX
13.43%
-6.39%
9.26%
13.50%
11.31%
9.41%
FLQM
15.72%
-4.82%
7.94%
15.99%
12.02%
N/A
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FNX vs. FLQM - Expense Ratio Comparison
FNX has a 0.60% expense ratio, which is higher than FLQM's 0.30% expense ratio.
Risk-Adjusted Performance
FNX vs. FLQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Mid Cap Core AlphaDEX Fund (FNX) and Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM). 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. FLQM - Dividend Comparison
FNX's dividend yield for the trailing twelve months is around 1.25%, which matches FLQM's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNX First Trust Mid Cap Core AlphaDEX Fund | 1.25% | 1.11% | 1.19% | 0.94% | 1.04% | 1.21% | 1.01% | 0.90% | 1.07% | 1.08% | 0.77% | 0.69% |
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF | 1.26% | 1.27% | 1.33% | 1.05% | 1.09% | 1.36% | 1.45% | 1.14% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FNX vs. FLQM - Drawdown Comparison
The maximum FNX drawdown since its inception was -57.11%, which is greater than FLQM's maximum drawdown of -37.26%. Use the drawdown chart below to compare losses from any high point for FNX and FLQM. For additional features, visit the drawdowns tool.
Volatility
FNX vs. FLQM - Volatility Comparison
First Trust Mid Cap Core AlphaDEX Fund (FNX) has a higher volatility of 4.78% compared to Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) at 4.00%. This indicates that FNX's price experiences larger fluctuations and is considered to be riskier than FLQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.