Correlation
The correlation between FNY and SMOT 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.
FNY vs. SMOT
Compare and contrast key facts about First Trust Mid Cap Growth AlphaDEX Fund (FNY) and VanEck Morningstar SMID Moat ETF (SMOT).
FNY and SMOT 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. SMOT is a passively managed fund by VanEck that tracks the performance of the Morningstar US Small-Mid Cap Moat Focus. It was launched on Oct 4, 2022. Both FNY and SMOT 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: FNY or SMOT.
Performance
FNY vs. SMOT - Performance Comparison
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Key characteristics
FNY:
0.38
SMOT:
0.27
FNY:
0.62
SMOT:
0.48
FNY:
1.08
SMOT:
1.06
FNY:
0.32
SMOT:
0.21
FNY:
0.95
SMOT:
0.69
FNY:
8.38%
SMOT:
7.05%
FNY:
24.16%
SMOT:
21.75%
FNY:
-38.91%
SMOT:
-23.36%
FNY:
-10.03%
SMOT:
-9.87%
Returns By Period
In the year-to-date period, FNY achieves a -0.89% return, which is significantly higher than SMOT's -3.10% return.
FNY
-0.89%
6.92%
-9.61%
9.13%
9.12%
11.37%
10.18%
SMOT
-3.10%
5.33%
-9.12%
5.86%
N/A
N/A
N/A
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FNY vs. SMOT - Expense Ratio Comparison
FNY has a 0.70% expense ratio, which is higher than SMOT's 0.49% expense ratio.
Risk-Adjusted Performance
FNY vs. SMOT — Risk-Adjusted Performance Rank
FNY
SMOT
FNY vs. SMOT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Mid Cap Growth AlphaDEX Fund (FNY) and VanEck Morningstar SMID Moat ETF (SMOT). 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.
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Dividends
FNY vs. SMOT - Dividend Comparison
FNY's dividend yield for the trailing twelve months is around 0.56%, less than SMOT's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNY First Trust Mid Cap Growth AlphaDEX Fund | 0.56% | 0.56% | 0.25% | 0.24% | 0.00% | 0.25% | 0.28% | 0.06% | 0.21% | 0.60% | 0.46% | 0.22% |
SMOT VanEck Morningstar SMID Moat ETF | 1.22% | 1.18% | 0.65% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FNY vs. SMOT - Drawdown Comparison
The maximum FNY drawdown since its inception was -38.91%, which is greater than SMOT's maximum drawdown of -23.36%. Use the drawdown chart below to compare losses from any high point for FNY and SMOT.
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Volatility
FNY vs. SMOT - Volatility Comparison
The current volatility for First Trust Mid Cap Growth AlphaDEX Fund (FNY) is 5.49%, while VanEck Morningstar SMID Moat ETF (SMOT) has a volatility of 6.35%. This indicates that FNY experiences smaller price fluctuations and is considered to be less risky than SMOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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