FNX vs. VOE
Compare and contrast key facts about First Trust Mid Cap Core AlphaDEX Fund (FNX) and Vanguard Mid-Cap Value ETF (VOE).
FNX and VOE 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. 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 FNX 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: FNX or VOE.
Key characteristics
| FNX | VOE | |
|---|---|---|
| YTD Return | 15.33% | 19.18% |
| 1Y Return | 31.49% | 31.90% |
| 3Y Return (Ann) | 6.89% | 7.83% |
| 5Y Return (Ann) | 13.37% | 11.22% |
| 10Y Return (Ann) | 10.73% | 10.13% |
| Sharpe Ratio | 1.83 | 2.61 |
| Sortino Ratio | 2.53 | 3.62 |
| Omega Ratio | 1.31 | 1.45 |
| Calmar Ratio | 1.79 | 2.05 |
| Martin Ratio | 10.15 | 15.56 |
| Ulcer Index | 3.26% | 2.11% |
| Daily Std Dev | 18.13% | 12.57% |
| Max Drawdown | -57.11% | -61.55% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FNX and VOE is 0.90, 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. VOE - Performance Comparison
In the year-to-date period, FNX achieves a 15.33% return, which is significantly lower than VOE's 19.18% return. Over the past 10 years, FNX has outperformed VOE with an annualized return of 10.73%, while VOE has yielded a comparatively lower 10.13% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FNX vs. VOE - Expense Ratio Comparison
FNX has a 0.60% expense ratio, which is higher than VOE's 0.07% expense ratio.
Risk-Adjusted Performance
FNX vs. VOE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Mid Cap Core AlphaDEX Fund (FNX) 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.
Dividends
FNX vs. VOE - Dividend Comparison
FNX's dividend yield for the trailing twelve months is around 1.20%, less than VOE's 2.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNX First Trust Mid Cap Core AlphaDEX Fund | 1.20% | 1.11% | 1.19% | 0.94% | 1.04% | 1.21% | 1.01% | 0.90% | 1.07% | 1.07% | 0.77% | 0.69% |
VOE Vanguard Mid-Cap Value ETF | 2.07% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% | 1.67% | 1.53% |
Drawdowns
FNX vs. VOE - Drawdown Comparison
The maximum FNX drawdown since its inception was -57.11%, smaller than the maximum VOE drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for FNX and VOE. For additional features, visit the drawdowns tool.
Volatility
FNX vs. VOE - Volatility Comparison
First Trust Mid Cap Core AlphaDEX Fund (FNX) has a higher volatility of 3.63% compared to Vanguard Mid-Cap Value ETF (VOE) at 2.77%. This indicates that FNX's price experiences larger fluctuations and is considered to be riskier than VOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.