FNY vs. QMOM
Compare and contrast key facts about First Trust Mid Cap Growth AlphaDEX Fund (FNY) and Alpha Architect U.S. Quantitative Momentum ETF (QMOM).
FNY and QMOM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNY is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Mid Cap Growth Index. It was launched on Apr 18, 2011. QMOM is an actively managed fund by Alpha Architect. It was launched on Dec 2, 2015.
Performance
FNY vs. QMOM - Performance Comparison
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FNY vs. QMOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNY First Trust Mid Cap Growth AlphaDEX Fund | 0.37% | 14.03% | 18.09% | 21.13% | -23.80% | 13.46% | 36.97% | 32.54% | -7.53% | 25.12% |
QMOM Alpha Architect U.S. Quantitative Momentum ETF | 6.82% | 2.36% | 30.43% | 9.50% | -6.99% | -4.06% | 61.94% | 28.39% | -11.75% | 15.92% |
Returns By Period
In the year-to-date period, FNY achieves a 0.37% return, which is significantly lower than QMOM's 6.82% return. Both investments have delivered pretty close results over the past 10 years, with FNY having a 12.43% annualized return and QMOM not far behind at 12.39%.
FNY
- 1D
- 1.16%
- 1M
- -6.45%
- YTD
- 0.37%
- 6M
- -0.39%
- 1Y
- 21.64%
- 3Y*
- 15.72%
- 5Y*
- 6.02%
- 10Y*
- 12.43%
QMOM
- 1D
- 2.11%
- 1M
- -5.53%
- YTD
- 6.82%
- 6M
- 9.12%
- 1Y
- 17.89%
- 3Y*
- 16.74%
- 5Y*
- 6.54%
- 10Y*
- 12.39%
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FNY vs. QMOM - Expense Ratio Comparison
FNY has a 0.70% expense ratio, which is higher than QMOM's 0.28% expense ratio.
Return for Risk
FNY vs. QMOM — Risk / Return Rank
FNY
QMOM
FNY vs. QMOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Mid Cap Growth AlphaDEX Fund (FNY) and Alpha Architect U.S. Quantitative Momentum ETF (QMOM). 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.
| FNY | QMOM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 0.70 | +0.22 |
Sortino ratioReturn per unit of downside risk | 1.40 | 1.08 | +0.32 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.15 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.33 | +0.32 |
Martin ratioReturn relative to average drawdown | 5.95 | 4.59 | +1.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNY | QMOM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.70 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.27 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.47 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.46 | +0.06 |
Correlation
The correlation between FNY and QMOM is 0.83, 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.
Dividends
FNY vs. QMOM - Dividend Comparison
FNY's dividend yield for the trailing twelve months is around 0.03%, less than QMOM's 0.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNY First Trust Mid Cap Growth AlphaDEX Fund | 0.03% | 0.03% | 0.56% | 0.24% | 0.24% | 0.00% | 0.25% | 0.28% | 0.06% | 0.21% | 0.60% | 0.46% |
QMOM Alpha Architect U.S. Quantitative Momentum ETF | 0.51% | 0.54% | 1.40% | 0.87% | 1.59% | 0.12% | 0.08% | 0.01% | 0.05% | 0.13% | 0.34% | 0.00% |
Drawdowns
FNY vs. QMOM - Drawdown Comparison
The maximum FNY drawdown since its inception was -38.91%, roughly equal to the maximum QMOM drawdown of -39.13%. Use the drawdown chart below to compare losses from any high point for FNY and QMOM.
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Drawdown Indicators
| FNY | QMOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.91% | -39.13% | +0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -13.48% | -13.55% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -33.94% | -27.00% | -6.94% |
Max Drawdown (10Y)Largest decline over 10 years | -38.91% | -39.13% | +0.22% |
Current DrawdownCurrent decline from peak | -7.48% | -5.53% | -1.95% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -13.11% | +5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 3.93% | -0.18% |
Volatility
FNY vs. QMOM - Volatility Comparison
The current volatility for First Trust Mid Cap Growth AlphaDEX Fund (FNY) is 8.21%, while Alpha Architect U.S. Quantitative Momentum ETF (QMOM) has a volatility of 11.62%. This indicates that FNY experiences smaller price fluctuations and is considered to be less risky than QMOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNY | QMOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.21% | 11.62% | -3.41% |
Volatility (6M)Calculated over the trailing 6-month period | 15.59% | 19.19% | -3.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.70% | 25.76% | -2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.34% | 24.73% | -2.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.22% | 26.28% | -4.06% |