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FNX vs. XJH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FNX vs. XJH

Last updated Jun 4, 2026

FNX (First Trust Mid Cap Core AlphaDEX Fund) and XJH (iShares ESG Screened S&P Mid-Cap ETF) are both Mid Cap Blend Equities funds - FNX tracks the NASDAQ AlphaDEX Mid Cap Core Index while XJH tracks the S&P MidCap 400 Sustainability Screened Index. Both are passively managed. Over the past 5 years, FNX returned 8.31%/yr vs 7.60%/yr for XJH. With a 0.97 correlation, they move nearly in lockstep. FNX charges 0.60%/yr vs 0.12%/yr for XJH.

Performance

FNX vs. XJH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Mid Cap Core AlphaDEX Fund (FNX) and iShares ESG Screened S&P Mid-Cap ETF (XJH). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FNX achieves a 11.81% return, which is significantly lower than XJH's 13.89% return.

FNX

1D
-0.18%
1M
2.71%
YTD
11.81%
6M
11.61%
1Y
26.57%
3Y*
16.99%
5Y*
8.31%
10Y*
11.90%

XJH

1D
-0.02%
1M
4.49%
YTD
13.89%
6M
14.47%
1Y
26.28%
3Y*
15.80%
5Y*
7.60%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FNX vs. XJH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
FNX
First Trust Mid Cap Core AlphaDEX Fund		11.81%9.87%12.21%20.39%-13.57%25.05%31.23%
XJH
iShares ESG Screened S&P Mid-Cap ETF		13.89%8.12%12.27%16.74%-14.36%23.43%29.59%

Correlation

The correlation between FNX and XJH is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.94

Correlation (3Y)
Calculated over the trailing 3-year period

0.96

Correlation (5Y)
Calculated over the trailing 5-year period

0.97

Correlation (All Time)
Calculated using the full available price history since Sep 25, 2020

0.97

The correlation between FNX and XJH has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

FNX vs. XJH - Sectors Allocation Comparison

Sectors
FNX
XJH

Industrials

19.3%
25.9%

Financial Services

18.6%
14.8%

Consumer Cyclical

14.4%
11.3%

Healthcare

10.4%
9.6%

Technology

9.5%
16.0%

Real Estate

8.6%
8.2%

Energy

6.2%
2.9%

Consumer Defensive

4.0%
3.8%

Basic Materials

3.1%
4.9%

Utilities

2.7%
1.6%

Communication Services

2.2%
1.1%

Industrials

FNX
19.3%
XJH
25.9%

Financial Services

FNX
18.6%
XJH
14.8%

Consumer Cyclical

FNX
14.4%
XJH
11.3%

Healthcare

FNX
10.4%
XJH
9.6%

Technology

FNX
9.5%
XJH
16.0%

Real Estate

FNX
8.6%
XJH
8.2%

Energy

FNX
6.2%
XJH
2.9%

Consumer Defensive

FNX
4.0%
XJH
3.8%

Basic Materials

FNX
3.1%
XJH
4.9%

Utilities

FNX
2.7%
XJH
1.6%

Communication Services

FNX
2.2%
XJH
1.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Mid Cap Core AlphaDEX Fund

iShares ESG Screened S&P Mid-Cap ETF

Often compared with FNX:
FNX vs. FNCMXFNX vs. MDYFNX vs. FLQMFNX vs. AVMVFNX vs. SPYFNX vs. VOFNX vs. VOE
Often compared with XJH:
XJH vs. XJRXJH vs. XMMOXJH vs. NUMVXJH vs. IJHXJH vs. NUMGXJH vs. MDYXJH vs. FZIPX

Return for Risk

FNX vs. XJH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FNX
FNX Risk / Return Rank: 5252
Overall Rank
FNX Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
FNX Sortino Ratio Rank: 5050
Sortino Ratio Rank
FNX Omega Ratio Rank: 4646
Omega Ratio Rank
FNX Calmar Ratio Rank: 5959
Calmar Ratio Rank
FNX Martin Ratio Rank: 5656
Martin Ratio Rank
XJH
XJH Risk / Return Rank: 5050
Overall Rank
XJH Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
XJH Sortino Ratio Rank: 4848
Sortino Ratio Rank
XJH Omega Ratio Rank: 4444
Omega Ratio Rank
XJH Calmar Ratio Rank: 5555
Calmar Ratio Rank
XJH Martin Ratio Rank: 5757
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FNX vs. XJH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Mid Cap Core AlphaDEX Fund (FNX) and iShares ESG Screened S&P Mid-Cap ETF (XJH). 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.

FNXXJHDifference
Sharpe ratioReturn per unit of total volatility
1.66
1.62

+0.04

Sortino ratioReturn per unit of downside risk
2.44
2.38

+0.06

Omega ratioGain probability vs. loss probability

1.29

1.28

+0.01

Calmar ratioReturn relative to maximum drawdown

2.89

2.75

+0.14

Martin ratioReturn relative to average drawdown

9.95

10.11

-0.16

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FNX vs. XJH - Sharpe Ratio Comparison

The current FNX Sharpe Ratio is 1.66, which is comparable to the XJH Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of FNX and XJH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FNXXJHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.66

1.62

+0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.41

0.38

+0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

0.76

-0.34

Drawdowns

FNX vs. XJH - Drawdown Comparison

The maximum FNX drawdown since its inception was -57.11%, which is greater than XJH's maximum drawdown of -25.07%. Use the drawdown chart below to compare losses from any high point for FNX and XJH.

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Drawdown Indicators

FNXXJHDifference

Max Drawdown

Largest peak-to-trough decline

-57.11%

-25.07%

-32.04%

Max Drawdown (1Y)

Largest decline over 1 year

-9.24%

-9.61%

+0.37%

Max Drawdown (3Y)

Largest decline over 3 years

-24.97%

-24.56%

-0.41%

Max Drawdown (5Y)

Largest decline over 5 years

-24.97%

-25.07%

+0.10%

Max Drawdown (10Y)

Largest decline over 10 years

-43.95%

—

—

Current Drawdown

Current decline from peak

-0.77%

-0.02%

-0.75%

Average Drawdown

Average peak-to-trough decline

-8.41%

-6.83%

-1.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.68%

2.61%

+0.07%

Volatility

FNX vs. XJH - Volatility Comparison

First Trust Mid Cap Core AlphaDEX Fund (FNX) and iShares ESG Screened S&P Mid-Cap ETF (XJH) have volatilities of 4.63% and 4.62%, 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.

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Volatility by Period

FNXXJHDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.63%

4.62%

+0.01%

Volatility (6M)

Calculated over the trailing 6-month period

11.43%

11.89%

-0.46%

Volatility (1Y)

Calculated over the trailing 1-year period

16.11%

16.28%

-0.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.49%

19.93%

+0.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.97%

19.88%

+2.09%

FNX vs. XJH - Expense Ratio Comparison

FNX has a 0.60% expense ratio, which is higher than XJH's 0.12% expense ratio.

Dividends

FNX vs. XJH - Dividend Comparison

FNX's dividend yield for the trailing twelve months is around 0.83%, less than XJH's 1.10% yield.

PositionTTM20252024202320222021202020192018201720162015
FNX
First Trust Mid Cap Core AlphaDEX Fund		0.83%0.88%1.26%1.11%1.19%0.94%1.04%1.21%1.01%0.90%1.07%1.07%
XJH
iShares ESG Screened S&P Mid-Cap ETF		1.10%1.24%1.24%1.38%1.45%1.04%0.36%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.94, FNX and XJH move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

FNX has higher volatility (4.63%) compared to XJH (4.62%). In terms of maximum drawdown, FNX dropped -57.11% vs XJH's -25.07%.

On 5-year performance, FNX leads with 8.31% vs 7.60% for XJH. On fees, XJH is cheaper at 0.12% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FNX has performed better with a 8.31% return vs 7.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XJH is cheaper with a 0.12% expense ratio, compared with 0.60% for FNX.

XJH has the higher dividend yield at 1.10%, compared with 0.83% for FNX.

FNX tracks NASDAQ AlphaDEX Mid Cap Core Index, while XJH tracks S&P MidCap 400 Sustainability Screened Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.60% for FNX and 0.12% for XJH.

FNX currently has the higher Sharpe Ratio (1.66 vs 1.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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