SMOT vs. FNY
Compare and contrast key facts about VanEck Morningstar SMID Moat ETF (SMOT) and First Trust Mid Cap Growth AlphaDEX Fund (FNY).
SMOT and FNY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMOT is a passively managed fund by VanEck that tracks the performance of the Morningstar US Small-Mid Cap Moat Focus. It was launched on Oct 4, 2022. 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. Both SMOT and FNY 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
SMOT vs. FNY - Performance Comparison
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SMOT vs. FNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SMOT VanEck Morningstar SMID Moat ETF | -2.82% | 6.46% | 10.71% | 17.31% | 5.41% |
FNY First Trust Mid Cap Growth AlphaDEX Fund | 0.37% | 14.03% | 18.09% | 21.13% | -0.93% |
Returns By Period
In the year-to-date period, SMOT achieves a -2.82% return, which is significantly lower than FNY's 0.37% return.
SMOT
- 1D
- -0.03%
- 1M
- -5.15%
- YTD
- -2.82%
- 6M
- -0.99%
- 1Y
- 8.49%
- 3Y*
- 8.49%
- 5Y*
- —
- 10Y*
- —
FNY
- 1D
- 1.16%
- 1M
- -6.45%
- YTD
- 0.37%
- 6M
- -0.39%
- 1Y
- 21.64%
- 3Y*
- 15.72%
- 5Y*
- 6.02%
- 10Y*
- 12.43%
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SMOT vs. FNY - Expense Ratio Comparison
SMOT has a 0.49% expense ratio, which is lower than FNY's 0.70% expense ratio.
Return for Risk
SMOT vs. FNY — Risk / Return Rank
SMOT
FNY
SMOT vs. FNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar SMID Moat ETF (SMOT) and First Trust Mid Cap Growth AlphaDEX Fund (FNY). 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.
| SMOT | FNY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.41 | 0.92 | -0.51 |
Sortino ratioReturn per unit of downside risk | 0.74 | 1.40 | -0.66 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.18 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.60 | 1.65 | -1.05 |
Martin ratioReturn relative to average drawdown | 2.40 | 5.95 | -3.55 |
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
| SMOT | FNY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 0.92 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.27 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.52 | +0.05 |
Correlation
The correlation between SMOT and FNY is 0.87, 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
SMOT vs. FNY - Dividend Comparison
SMOT's dividend yield for the trailing twelve months is around 1.41%, more than FNY's 0.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMOT VanEck Morningstar SMID Moat ETF | 1.41% | 1.37% | 1.18% | 0.65% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNY First Trust Mid Cap Growth AlphaDEX Fund | 0.03% | 0.03% | 0.56% | 0.24% | 0.24% | 0.00% | 0.25% | 0.28% | 0.06% | 0.21% | 0.60% | 0.46% |
Drawdowns
SMOT vs. FNY - Drawdown Comparison
The maximum SMOT drawdown since its inception was -23.36%, smaller than the maximum FNY drawdown of -38.91%. Use the drawdown chart below to compare losses from any high point for SMOT and FNY.
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Drawdown Indicators
| SMOT | FNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.36% | -38.91% | +15.55% |
Max Drawdown (1Y)Largest decline over 1 year | -14.56% | -13.48% | -1.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.94% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.91% | — |
Current DrawdownCurrent decline from peak | -6.76% | -7.48% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -7.66% | +2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 3.75% | -0.11% |
Volatility
SMOT vs. FNY - Volatility Comparison
The current volatility for VanEck Morningstar SMID Moat ETF (SMOT) is 4.64%, while First Trust Mid Cap Growth AlphaDEX Fund (FNY) has a volatility of 8.21%. This indicates that SMOT experiences smaller price fluctuations and is considered to be less risky than FNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMOT | FNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 8.21% | -3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 15.59% | -5.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.86% | 23.70% | -2.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.69% | 22.34% | -3.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.69% | 22.22% | -3.53% |