FNY vs. XMHQ
Compare and contrast key facts about First Trust Mid Cap Growth AlphaDEX Fund (FNY) and Invesco S&P MidCap Quality ETF (XMHQ).
FNY and XMHQ 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. XMHQ is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Dec 1, 2006. Both FNY and XMHQ 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 XMHQ.
Key characteristics
| FNY | XMHQ | |
|---|---|---|
| YTD Return | 5.42% | 17.06% |
| 1Y Return | 22.16% | 42.81% |
| 3Y Return (Ann) | 1.12% | 10.89% |
| 5Y Return (Ann) | 9.91% | 16.90% |
| 10Y Return (Ann) | 10.38% | 12.55% |
| Sharpe Ratio | 1.25 | 2.50 |
| Daily Std Dev | 17.82% | 16.92% |
| Max Drawdown | -38.91% | -58.19% |
| Current Drawdown | -9.36% | -5.82% |
Correlation
The correlation between FNY and XMHQ is 0.76, 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. XMHQ - Performance Comparison
In the year-to-date period, FNY achieves a 5.42% return, which is significantly lower than XMHQ's 17.06% return. Over the past 10 years, FNY has underperformed XMHQ with an annualized return of 10.38%, while XMHQ has yielded a comparatively higher 12.55% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FNY vs. XMHQ - Expense Ratio Comparison
FNY has a 0.70% expense ratio, which is higher than XMHQ's 0.25% expense ratio.
Risk-Adjusted Performance
FNY vs. XMHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Mid Cap Growth AlphaDEX Fund (FNY) and Invesco S&P MidCap Quality ETF (XMHQ). 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. XMHQ - Dividend Comparison
FNY's dividend yield for the trailing twelve months is around 0.12%, less than XMHQ's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNY First Trust Mid Cap Growth AlphaDEX Fund | 0.12% | 0.24% | 0.24% | 0.00% | 0.25% | 0.28% | 0.06% | 0.21% | 0.60% | 0.46% | 0.22% | 0.35% |
XMHQ Invesco S&P MidCap Quality ETF | 0.62% | 0.73% | 1.72% | 1.00% | 1.12% | 1.22% | 1.59% | 1.06% | 1.63% | 1.34% | 1.25% | 1.11% |
Drawdowns
FNY vs. XMHQ - Drawdown Comparison
The maximum FNY drawdown since its inception was -38.91%, smaller than the maximum XMHQ drawdown of -58.19%. Use the drawdown chart below to compare losses from any high point for FNY and XMHQ. For additional features, visit the drawdowns tool.
Volatility
FNY vs. XMHQ - Volatility Comparison
First Trust Mid Cap Growth AlphaDEX Fund (FNY) has a higher volatility of 5.28% compared to Invesco S&P MidCap Quality ETF (XMHQ) at 4.33%. This indicates that FNY's price experiences larger fluctuations and is considered to be riskier than XMHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.