FNX vs. MDY
Compare and contrast key facts about First Trust Mid Cap Core AlphaDEX Fund (FNX) and SPDR S&P MidCap 400 ETF (MDY).
FNX and MDY 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. MDY is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Index. It was launched on May 4, 1995. Both FNX and MDY 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 MDY.
Correlation
The correlation between FNX and MDY is 0.94, 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. MDY - Performance Comparison
Key characteristics
FNX:
0.91
MDY:
0.88
FNX:
1.35
MDY:
1.33
FNX:
1.16
MDY:
1.16
FNX:
1.55
MDY:
1.62
FNX:
3.71
MDY:
3.75
FNX:
4.03%
MDY:
3.66%
FNX:
16.51%
MDY:
15.56%
FNX:
-57.11%
MDY:
-55.33%
FNX:
-5.83%
MDY:
-6.08%
Returns By Period
In the year-to-date period, FNX achieves a 3.18% return, which is significantly higher than MDY's 1.88% return. Both investments have delivered pretty close results over the past 10 years, with FNX having a 9.43% annualized return and MDY not far behind at 9.14%.
FNX
3.18%
-2.07%
6.24%
16.17%
11.62%
9.43%
MDY
1.88%
-3.47%
5.40%
14.28%
10.26%
9.14%
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FNX vs. MDY - Expense Ratio Comparison
FNX has a 0.60% expense ratio, which is higher than MDY's 0.23% expense ratio.
Risk-Adjusted Performance
FNX vs. MDY — Risk-Adjusted Performance Rank
FNX
MDY
FNX vs. MDY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Mid Cap Core AlphaDEX Fund (FNX) and SPDR S&P MidCap 400 ETF (MDY). 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. MDY - Dividend Comparison
FNX's dividend yield for the trailing twelve months is around 1.23%, more than MDY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNX First Trust Mid Cap Core AlphaDEX Fund | 1.23% | 1.26% | 1.11% | 1.19% | 0.94% | 1.04% | 1.21% | 1.01% | 0.90% | 1.07% | 1.08% | 0.77% |
MDY SPDR S&P MidCap 400 ETF | 1.16% | 1.18% | 1.21% | 1.37% | 0.96% | 1.12% | 1.34% | 1.39% | 1.18% | 1.31% | 1.35% | 1.17% |
Drawdowns
FNX vs. MDY - Drawdown Comparison
The maximum FNX drawdown since its inception was -57.11%, roughly equal to the maximum MDY drawdown of -55.33%. Use the drawdown chart below to compare losses from any high point for FNX and MDY. For additional features, visit the drawdowns tool.
Volatility
FNX vs. MDY - Volatility Comparison
First Trust Mid Cap Core AlphaDEX Fund (FNX) and SPDR S&P MidCap 400 ETF (MDY) have volatilities of 3.49% and 3.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.