FNY vs. SPY
Compare and contrast key facts about First Trust Mid Cap Growth AlphaDEX Fund (FNY) and SPDR S&P 500 ETF (SPY).
FNY and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both FNY and SPY 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 SPY.
Correlation
The correlation between FNY and SPY 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.
Performance
FNY vs. SPY - Performance Comparison
Key characteristics
FNY:
0.23
SPY:
0.54
FNY:
0.47
SPY:
0.90
FNY:
1.06
SPY:
1.13
FNY:
0.21
SPY:
0.57
FNY:
0.65
SPY:
2.24
FNY:
8.08%
SPY:
4.82%
FNY:
23.94%
SPY:
20.02%
FNY:
-38.91%
SPY:
-55.19%
FNY:
-12.43%
SPY:
-7.53%
Returns By Period
In the year-to-date period, FNY achieves a -3.52% return, which is significantly lower than SPY's -3.30% return. Over the past 10 years, FNY has underperformed SPY with an annualized return of 10.07%, while SPY has yielded a comparatively higher 12.33% annualized return.
FNY
-3.52%
16.71%
-8.92%
5.37%
12.21%
10.07%
SPY
-3.30%
13.81%
-4.52%
10.65%
15.81%
12.33%
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FNY vs. SPY - Expense Ratio Comparison
FNY has a 0.70% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FNY vs. SPY — Risk-Adjusted Performance Rank
FNY
SPY
FNY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Mid Cap Growth AlphaDEX Fund (FNY) and SPDR S&P 500 ETF (SPY). 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
FNY vs. SPY - Dividend Comparison
FNY's dividend yield for the trailing twelve months is around 0.58%, less than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNY First Trust Mid Cap Growth AlphaDEX Fund | 0.58% | 0.56% | 0.25% | 0.24% | 0.00% | 0.25% | 0.28% | 0.06% | 0.21% | 0.60% | 0.46% | 0.22% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FNY vs. SPY - Drawdown Comparison
The maximum FNY drawdown since its inception was -38.91%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FNY and SPY. For additional features, visit the drawdowns tool.
Volatility
FNY vs. SPY - Volatility Comparison
The current volatility for First Trust Mid Cap Growth AlphaDEX Fund (FNY) is 11.51%, while SPDR S&P 500 ETF (SPY) has a volatility of 12.36%. This indicates that FNY experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.