MDYV vs. FNK
Compare and contrast key facts about SPDR S&P 400 Mid Cap Value ETF (MDYV) and First Trust Mid Cap Value AlphaDEX Fund (FNK).
MDYV and FNK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MDYV is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Value Index. It was launched on Nov 8, 2005. FNK is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Mid Cap Value Index. It was launched on Apr 19, 2011. Both MDYV and FNK 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: MDYV or FNK.
Correlation
The correlation between MDYV and FNK is 0.75, 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
MDYV vs. FNK - Performance Comparison
Key characteristics
MDYV:
0.24
FNK:
-0.22
MDYV:
0.48
FNK:
-0.16
MDYV:
1.06
FNK:
0.98
MDYV:
0.22
FNK:
-0.20
MDYV:
0.78
FNK:
-0.67
MDYV:
6.36%
FNK:
7.64%
MDYV:
20.95%
FNK:
22.93%
MDYV:
-60.70%
FNK:
-50.70%
MDYV:
-14.53%
FNK:
-17.57%
Returns By Period
In the year-to-date period, MDYV achieves a -7.65% return, which is significantly higher than FNK's -10.68% return. Over the past 10 years, MDYV has outperformed FNK with an annualized return of 7.82%, while FNK has yielded a comparatively lower 5.91% annualized return.
MDYV
-7.65%
-5.87%
-7.09%
3.92%
16.76%
7.82%
FNK
-10.68%
-6.95%
-10.71%
-6.54%
18.25%
5.91%
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MDYV vs. FNK - Expense Ratio Comparison
MDYV has a 0.15% expense ratio, which is lower than FNK's 0.70% expense ratio.
Risk-Adjusted Performance
MDYV vs. FNK — Risk-Adjusted Performance Rank
MDYV
FNK
MDYV vs. FNK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 400 Mid Cap Value ETF (MDYV) and First Trust Mid Cap Value AlphaDEX Fund (FNK). 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
MDYV vs. FNK - Dividend Comparison
MDYV's dividend yield for the trailing twelve months is around 2.00%, more than FNK's 1.96% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDYV SPDR S&P 400 Mid Cap Value ETF | 2.00% | 1.89% | 1.59% | 1.90% | 1.74% | 1.70% | 1.83% | 2.28% | 2.48% | 1.83% | 4.24% | 4.05% |
FNK First Trust Mid Cap Value AlphaDEX Fund | 1.96% | 1.63% | 1.76% | 1.66% | 1.27% | 1.61% | 1.82% | 1.76% | 1.40% | 1.38% | 1.44% | 1.07% |
Drawdowns
MDYV vs. FNK - Drawdown Comparison
The maximum MDYV drawdown since its inception was -60.70%, which is greater than FNK's maximum drawdown of -50.70%. Use the drawdown chart below to compare losses from any high point for MDYV and FNK. For additional features, visit the drawdowns tool.
Volatility
MDYV vs. FNK - Volatility Comparison
The current volatility for SPDR S&P 400 Mid Cap Value ETF (MDYV) is 14.10%, while First Trust Mid Cap Value AlphaDEX Fund (FNK) has a volatility of 15.43%. This indicates that MDYV experiences smaller price fluctuations and is considered to be less risky than FNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.