FNY vs. QQQN

Last updated Aug 5, 2026

FNY (First Trust Mid Cap Growth AlphaDEX Fund) and QQQN (VictoryShares Nasdaq Next 50 ETF) are both Mid Cap Growth Equities funds - FNY tracks the NASDAQ AlphaDEX Mid Cap Growth Index while QQQN tracks the Nasdaq Q-50 Index. Both are passively managed. FNY charges 0.70%/yr vs 0.18%/yr for QQQN.

Performance

FNY vs. QQQN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Mid Cap Growth AlphaDEX Fund (FNY) and VictoryShares Nasdaq Next 50 ETF (QQQN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FNY

• 1D: 2.09%
• 1M: -0.71%
• 6M: 11.17%
• YTD: 16.46%
• 1Y: 26.38%
• 3Y*: 18.37%
• 5Y*: 7.63%
• 10Y*: 13.28%
• ALL TIME*: 11.62%

QQQN

• 1D: 0.00%
• 1M: 0.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FNY First Trust Mid Cap Growth AlphaDEX Fund	$2.17M	$2.47M	$2.59M
QQQN VictoryShares Nasdaq Next 50 ETF	$0.00	$0.00	$0.00

FNY vs. QQQN - Yearly Performance Comparison

	2026 (YTD)
FNY First Trust Mid Cap Growth AlphaDEX Fund	13.51%
QQQN VictoryShares Nasdaq Next 50 ETF	0.00%

FNY vs. QQQN - Sectors Allocation Comparison

Sectors	FNY	QQQN
Industrials	24.1%	8.7%
Healthcare	20.2%	19.9%
Technology	18.9%	47.3%
Consumer Cyclical	12.4%	13.7%
Financial Services	9.3%	-
Real Estate	5.9%	-
Communication Services	3.3%	5.5%
Consumer Defensive	2.0%	1.4%
Energy	1.8%	-
Basic Materials	1.5%	1.9%
Utilities	0.5%	1.6%

Return for Risk

FNY vs. QQQN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FNY

FNY Risk / Return Rank: 47
FNY Sharpe Ratio Rank: 44
FNY Sortino Ratio Rank: 44
FNY Omega Ratio Rank: 40
FNY Calmar Ratio Rank: 55
FNY Martin Ratio Rank: 53

QQQN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FNY vs. QQQN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Mid Cap Growth AlphaDEX Fund (FNY) and VictoryShares Nasdaq Next 50 ETF (QQQN). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FNY	QQQN	Difference
Sharpe ratio: Return per unit of total volatility	1.25	—	—
Sortino ratio: Return per unit of downside risk	1.83	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	2.21	—	—
Martin ratio: Return relative to average drawdown	6.95	—	—

Drawdowns

FNY vs. QQQN - Drawdown Comparison

The maximum FNY drawdown since its inception was -38.91%, which is greater than QQQN's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FNY and QQQN.

Drawdown Indicators

	FNY	QQQN	Difference
Max Drawdown Largest peak-to-trough decline	-38.91%	0.00%	-38.91%
Max Drawdown (1Y) Largest decline over 1 year	-12.01%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-24.97%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.91%	—	—
Current Drawdown Current decline from peak	-4.20%	0.00%	-4.20%
Average Drawdown Average peak-to-trough decline	-7.55%	0.00%	-7.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.80%	—	—

Volatility

Volatility by Period

	FNY	QQQN	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.57%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.32%	0.00%	+21.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.49%	0.00%	+22.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.48%	0.00%	+22.48%

FNY vs. QQQN - Expense Ratio Comparison

FNY has a 0.70% expense ratio, which is higher than QQQN's 0.18% expense ratio.

Dividends

FNY vs. QQQN - Dividend Comparison

Neither FNY nor QQQN has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNY First Trust Mid Cap Growth AlphaDEX Fund	0.00%	0.03%	0.56%	0.24%	0.24%	0.00%	0.25%	0.28%	0.06%	0.21%	0.60%	0.46%
QQQN VictoryShares Nasdaq Next 50 ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, FNY or QQQN?

On fees, QQQN is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FNY or QQQN?

QQQN is cheaper with a 0.18% expense ratio, compared with 0.70% for FNY.

Which ETF pays a higher dividend yield, FNY or QQQN?

FNY and QQQN have nearly identical dividend yields, around 0.00%.

What is the main difference between FNY and QQQN?

FNY tracks NASDAQ AlphaDEX Mid Cap Growth Index, while QQQN tracks Nasdaq Q-50 Index. They also come from different issuers: First Trust and VictoryShares. Their fees differ too: 0.70% for FNY and 0.18% for QQQN.