FYX vs. SMCP

Last updated Apr 2, 2026

Compare and contrast key facts about First Trust Small Cap Core AlphaDEX Fund (FYX) and AlphaMark Actively Managed Small Cap ETF (SMCP).

FYX and SMCP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FYX is a passively managed fund by First Trust that tracks the performance of the Nasdaq AlphaDEX Small Cap Core Index. It was launched on May 8, 2007. SMCP is a passively managed fund by AlphaMark Advisors that tracks the performance of the Actively Managed. It was launched on Apr 20, 2015. Both FYX and SMCP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FYX vs. SMCP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Small Cap Core AlphaDEX Fund (FYX) and AlphaMark Actively Managed Small Cap ETF (SMCP). The values are adjusted to include any dividend payments, if applicable.

FYX vs. SMCP - Yearly Performance Comparison

	2026 (YTD)
FYX First Trust Small Cap Core AlphaDEX Fund	-3.57%
SMCP AlphaMark Actively Managed Small Cap ETF	0.00%

Returns By Period

FYX

• 1D: 0.55%
• 1M: -2.81%
• YTD: 6.25%
• 6M: 10.16%
• 1Y: 33.40%
• 3Y*: 15.54%
• 5Y*: 6.71%
• 10Y*: 11.40%

SMCP

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

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

FYX vs. SMCP - Expense Ratio Comparison

FYX has a 0.63% expense ratio, which is lower than SMCP's 0.90% expense ratio.

SMCP

AlphaMark Actively Managed Small Cap ETF

FYX

First Trust Small Cap Core AlphaDEX Fund

Return for Risk

FYX vs. SMCP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FYX

FYX Risk / Return Rank: 78
FYX Sharpe Ratio Rank: 77
FYX Sortino Ratio Rank: 79
FYX Omega Ratio Rank: 71
FYX Calmar Ratio Rank: 81
FYX Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FYX vs. SMCP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Small Cap Core AlphaDEX Fund (FYX) and AlphaMark Actively Managed Small Cap ETF (SMCP). 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.

	FYX	SMCP	Difference
Sharpe ratio Return per unit of total volatility	1.47	—	—
Sortino ratio Return per unit of downside risk	2.13	—	—
Omega ratio Gain probability vs. loss probability	1.28	—	—
Calmar ratio Return relative to maximum drawdown	2.48	—	—
Martin ratio Return relative to average drawdown	10.14	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FYX	SMCP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	—	—

Dividends

FYX vs. SMCP - Dividend Comparison

FYX's dividend yield for the trailing twelve months is around 0.77%, while SMCP has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FYX First Trust Small Cap Core AlphaDEX Fund	0.77%	0.64%	1.62%	1.22%	0.95%	0.99%	0.65%	1.12%	1.08%	0.60%	0.94%	0.88%
SMCP AlphaMark Actively Managed Small Cap 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%

Drawdowns

FYX vs. SMCP - Drawdown Comparison

The maximum FYX drawdown since its inception was -61.80%, which is greater than SMCP's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FYX and SMCP.

Drawdown Indicators

	FYX	SMCP	Difference
Max Drawdown Largest peak-to-trough decline	-61.80%	0.00%	-61.80%
Max Drawdown (1Y) Largest decline over 1 year	-13.84%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.91%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.82%	—	—
Current Drawdown Current decline from peak	-3.72%	0.00%	-3.72%
Average Drawdown Average peak-to-trough decline	-10.97%	0.00%	-10.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.38%	—	—

Volatility

Volatility by Period

	FYX	SMCP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.30%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.41%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.78%	0.00%	+22.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.03%	0.00%	+22.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.21%	0.00%	+24.21%