SMIG vs. FYT
Compare and contrast key facts about Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) and First Trust Small Cap Value AlphaDEX Fund (FYT).
SMIG and FYT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMIG is an actively managed fund by Bahl & Gaynor. It was launched on Aug 25, 2021. FYT is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Small Cap Value Index. It was launched on Apr 18, 2011.
Performance
SMIG vs. FYT - Performance Comparison
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SMIG vs. FYT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF | 2.67% | 0.78% | 17.63% | 13.62% | -11.83% | 5.51% |
FYT First Trust Small Cap Value AlphaDEX Fund | 9.26% | 4.00% | 3.24% | 22.90% | -14.05% | 6.67% |
Returns By Period
In the year-to-date period, SMIG achieves a 2.67% return, which is significantly lower than FYT's 9.26% return.
SMIG
- 1D
- 0.27%
- 1M
- -5.91%
- YTD
- 2.67%
- 6M
- 0.67%
- 1Y
- 4.18%
- 3Y*
- 10.28%
- 5Y*
- —
- 10Y*
- —
FYT
- 1D
- -0.10%
- 1M
- -2.41%
- YTD
- 9.26%
- 6M
- 10.62%
- 1Y
- 25.69%
- 3Y*
- 12.30%
- 5Y*
- 5.52%
- 10Y*
- 9.67%
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SMIG vs. FYT - Expense Ratio Comparison
SMIG has a 0.60% expense ratio, which is lower than FYT's 0.72% expense ratio.
Return for Risk
SMIG vs. FYT — Risk / Return Rank
SMIG
FYT
SMIG vs. FYT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) and First Trust Small Cap Value AlphaDEX Fund (FYT). 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.
| SMIG | FYT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.26 | 1.07 | -0.80 |
Sortino ratioReturn per unit of downside risk | 0.49 | 1.66 | -1.17 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.22 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.43 | 1.71 | -1.28 |
Martin ratioReturn relative to average drawdown | 1.38 | 6.19 | -4.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMIG | FYT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 1.07 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.24 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.38 | -0.03 |
Correlation
The correlation between SMIG and FYT is 0.88, 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.
Dividends
SMIG vs. FYT - Dividend Comparison
SMIG's dividend yield for the trailing twelve months is around 1.85%, more than FYT's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF | 1.85% | 1.82% | 1.75% | 1.91% | 2.00% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FYT First Trust Small Cap Value AlphaDEX Fund | 1.19% | 0.94% | 2.07% | 1.50% | 1.36% | 1.19% | 0.96% | 1.44% | 1.78% | 1.16% | 1.16% | 0.96% |
Drawdowns
SMIG vs. FYT - Drawdown Comparison
The maximum SMIG drawdown since its inception was -19.65%, smaller than the maximum FYT drawdown of -50.48%. Use the drawdown chart below to compare losses from any high point for SMIG and FYT.
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Drawdown Indicators
| SMIG | FYT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.65% | -50.48% | +30.83% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -15.05% | +3.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.48% | — |
Current DrawdownCurrent decline from peak | -6.76% | -4.13% | -2.63% |
Average DrawdownAverage peak-to-trough decline | -6.72% | -8.62% | +1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 4.15% | -0.46% |
Volatility
SMIG vs. FYT - Volatility Comparison
The current volatility for Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) is 4.01%, while First Trust Small Cap Value AlphaDEX Fund (FYT) has a volatility of 4.66%. This indicates that SMIG experiences smaller price fluctuations and is considered to be less risky than FYT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMIG | FYT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.01% | 4.66% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 8.34% | 12.93% | -4.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 24.21% | -8.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 22.64% | -6.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.32% | 25.98% | -9.66% |