First Trust Mid Cap Core AlphaDEX Fund
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
First Trust Mid Cap Core AlphaDEX Fund is an closed-end Fund incorporated in the USA. The Fund seeks investment results that correspond to the Defined Mid Cap Core Index. |
Category | US Equities |
Fund Sponsor | First Trust Advisors LP |
Website | www.ftportfolios.com |
Inception date | May 08, 2007 |
Assets (mns) | $841 |
Currency | USD |
Expense ratio | 61 bp |
Distributions | Quarterly |
Regulation | Open-Ended Fund |
Custodian | Bank of New York Mellon |
Weighting | Tiered |
Index replication | Full |
Uses derivatives | No |
Options available | No |
No. of constituents | 451 |
Wgt avg mkt cap (mns) | $6,654 |
Large cap (>$10bn) | 14.5% |
Mid cap ($2-10bn) | 83.8% |
Small cap (<$2bn) | 0.7% |
Developed mkts | 100.0% |
Emerging mkts | 0.0% |
OVERSTOCK.COM INC | 0.5 % |
TENET HEALTHCARE CORP | 0.4 % |
KB HOME | 0.4 % |
DISCOVERY COMMUNICATIONS-A | 0.4 % |
II-VI INC | 0.4 % |
ADVANCED ENERGY INDUSTRIES | 0.4 % |
AMKOR TECHNOLOGY INC | 0.4 % |
DICK'S SPORTING GOODS INC | 0.4 % |
ENPHASE ENERGY INC | 0.4 % |
MASTEC INC | 0.4 % | Total | 4.3 % |
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UNITED STATES | 96.9 % |
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BERMUDA | 1.6 % |
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BRITAIN | 0.5 % |
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IRELAND | 0.4 % |
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PUERTO RICO | 0.3 % |
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SWITZERLAND | 0.3 % |
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CAYMAN ISLANDS | 0.1 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
16.0% | 16.0% | 12.8% | 10.9% | 8.6% |
versus... | Beta | R-squared |
S&P500 | 1.32 | 88% |
MSCI EAFE | 1.26 | 80% |
MSCI Emg. Mkts. | 1.05 | 71% |
Recent close | $89.01 |
30d moving avg. | $84.81 |
Annualized volatility | 26.4% |
Short interest (ETF) | 0.1% |
Short interest (Underlying) | 6.8% |
Relative strength (RSI) | 69 |
Avg. volume (thou.) | 40 |
Turnover | 0.4% |
Bid/Ask (% of price) | 0.14% |
ADV underlying (mns) | $32,375 |
FINDING ALTERNATIVE FUNDS
Below is a list of 99 potential alternatives to the First Trust Mid Cap Core AlphaDEX Fund ETF based on the alternatives' overlap in portfolio holdings with FNX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | FNX | Expense: | 61 bp | ALTAR Score™: | 5.0% |
Ticker | Fund Name |
Overlap1 vs FNX (%) |
Expense ratio (bp) |
Savings vs FNX (bp) |
ALTAR Score™ (%) |
ALTAR vs FNX (%) |
FNK | First Trust Mid Cap Value AlphaDEX Fund | 56.4 | 70 | -9 | 7.7 | +2.7 |
RNMC | Mid Cap US Equity Select ETF | 46.6 | 60 | 1 | 6.0 | +1.0 |
SCHM | Schwab U.S. Mid-Cap ETF | 46.3 | 4 | 57 | 5.0 | -0.1 |
EZM | WisdomTree U.S. MidCap Earnings Fund | 45.8 | 38 | 23 | 7.5 | +2.5 |
BKSE | BNY Mellon US Small Cap Core Equity ETF | 45.4 | 4 | 57 | 4.7 | -0.4 |
JHSC | John Hancock Multifactor Small Cap ETF | 44.7 | 42 | 19 | 4.5 | -0.5 |
SFYX | Sofi Next 500 ETF | 43.1 | 0 | 61 | 4.8 | -0.2 |
FNY | First Trust Mid Cap Growth AlphaDEX Fund | 41.5 | 70 | -9 | 1.6 | -3.5 |
BBMC | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 41.5 | 7 | 54 | 3.9 | -1.2 |
VB | Vanguard Small-Cap ETF | 40.6 | 5 | 56 | 4.4 | -0.7 |
EWMC | Invesco S&P MidCap 400 Equal Weight ETF | 40.6 | 40 | 21 | 5.6 | +0.6 |
PBSM | Invesco PureBeta MSCI USA Small Cap ETF | 40.3 | 6 | 55 | 4.0 | -1.0 |
MDY | SPDR S&P Midcap 400 ETF Trust | 39.4 | 23 | 38 | 5.1 | +0.1 |
IJH | iShares Core S&P Mid-Cap ETF | 39.4 | 5 | 56 | 5.3 | +0.2 |
SPMD | SPDR Portfolio Mid Cap ETF | 39.4 | 5 | 56 | 5.3 | +0.2 |
ESML | iShares MSCI USA Small-Cap ESG Optimized ETF | 39.2 | 17 | 44 | 4.0 | -1.0 |
IVOO | Vanguard S&P Mid-Cap 400 ETF | 38.5 | 10 | 51 | 5.3 | +0.2 |
DON | WisdomTree U.S. MidCap Dividend Fund | 38.3 | 38 | 23 | 6.7 | +1.6 |
FSMD | Fidelity Small-Mid Factor ETF | 36.7 | 29 | 32 | 5.2 | +0.2 |
VBR | Vanguard Small Cap Value Index Fund | 36.3 | 7 | 54 | 6.4 | +1.4 |
XJH | iShares ESG Screened S&P Mid-Cap ETF | 36.0 | 12 | 49 | 5.4 | +0.3 |
AFMC | First Trust Active Factor Mid Cap ETF | 34.8 | 65 | -4 | 5.2 | +0.2 |
SCHA | Schwab U.S. Small-Cap ETF | 34.5 | 4 | 57 | 3.6 | -1.5 |
PSM | Principal U.S. Small-MidCap Multi-Factor Core Index ETF | 34.3 | 20 | 41 | 7.1 | +2.1 |
SMDY | Syntax Stratified MidCap ETF | 34.3 | 30 | 31 | 5.1 | +0.1 |
RWK | Invesco S&P MidCap 400 Revenue ETF | 33.4 | 39 | 22 | 6.3 | +1.3 |
JHMM | John Hancock Multifactor Mid Cap ETF | 31.4 | 42 | 19 | 4.7 | -0.4 |
VBK | Vanguard Small-Cap Growth Index Fund | 31.0 | 7 | 54 | 1.9 | -3.1 |
MDYV | SPDR S&P 400 Mid Cap Value ETF | 30.6 | 15 | 46 | 6.9 | +1.9 |
IJJ | iShares S&P Mid-Cap 400 Value ETF | 30.6 | 18 | 43 | 6.9 | +1.8 |
FAB | First Trust Multi Cap Value AlphaDEX Fund | 30.0 | 71 | -10 | 7.5 | +2.5 |
USEQ | Invesco Russell 1000 Enhanced Equal Weight ETF | 29.6 | 29 | 32 | 6.0 | +1.0 |
IVOV | Vanguard S&P Mid-Cap 400 Value ETF | 29.2 | 15 | 46 | 6.7 | +1.6 |
VXF | Vanguard Extended Market Index Fund | 28.5 | 6 | 55 | 2.5 | -2.6 |
FAD | First Trust Multi Cap Growth AlphaDEX Fund | 28.5 | 66 | -5 | 1.8 | -3.3 |
SMMD | iShares Russell 2500 ETF | 28.3 | 15 | 46 | 4.7 | -0.4 |
JKL | iShares Morningstar Small Cap Value ETF | 27.2 | 30 | 31 | 7.6 | +2.5 |
VTWO | Vanguard Russell 2000 Index Fund | 25.8 | 10 | 51 | 2.6 | -2.4 |
NUSC | Nuveen ESG Small-Cap ETF | 25.8 | 40 | 21 | 3.9 | -1.1 |
TUSA | First Trust Total US Market AlphaDEX ETF | 25.3 | 70 | -9 | 4.8 | -0.3 |
EQAL | Invesco Russell 1000 Equal Weight ETF | 25.1 | 20 | 41 | 5.0 | +0.0 |
MDYG | SPDR S&P 400 Mid Cap Growth ETF | 24.7 | 15 | 46 | 3.7 | -1.3 |
IJK | iShares S&P Mid-Cap 400 Growth ETF | 24.7 | 17 | 44 | 3.7 | -1.4 |
JPME | JPMorgan Diversified Return U.S. Mid Cap Equity ETF | 24.3 | 24 | 37 | 5.4 | +0.4 |
IVOG | Vanguard S&P Mid-Cap 400 Growth ETF | 24.0 | 15 | 46 | 4.1 | -0.9 |
IWS | iShares Russell Mid-Cap Value ETF | 23.5 | 24 | 37 | 5.9 | +0.9 |
ONEV | SPDR Russell 1000 Low Volatility Focus ETF | 23.4 | 20 | 41 | 6.2 | +1.1 |
ONEO | SPDR Russell 1000 Momentum Focus ETF | 23.2 | 20 | 41 | 5.6 | +0.5 |
USVM | VictoryShares USAA MSCI USA Small Cap Value Momentum ETF | 23.1 | 24 | 37 | 4.9 | -0.1 |
VFVA | Vanguard U.S. Value Factor ETF | 22.8 | 14 | 47 | 8.4 | +3.4 |
IWM | iShares Russell 2000 ETF | 22.4 | 19 | 42 | 2.5 | -2.5 |
OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | 22.3 | 29 | 32 | 7.2 | +2.2 |
VTWG | Vanguard Russell 2000 Growth Index Fund | 22.2 | 15 | 46 | 0.1 | -5.0 |
IWO | iShares Russell 2000 Growth ETF | 22.2 | 24 | 37 | -0.1 | -5.1 |
FNDA | Schwab Fundamental U.S. Small Co. Index ETF | 21.9 | 25 | 36 | 4.8 | -0.3 |
JKK | iShares Morningstar Small-Cap Growth ETF | 21.5 | 30 | 31 | 0.6 | -4.5 |
IUSS | Invesco Strategic US Small Company ETF | 21.3 | 23 | 38 | 3.6 | -1.4 |
IWR | iShares Russell Midcap ETF | 21.1 | 19 | 42 | 4.7 | -0.3 |
STMB | iShares Factors US Mid Blend Style ETF | 21.1 | 30 | 31 | 4.9 | -0.1 |
GSSC | Goldman Sachs Activebeta U.S. Small Cap Equity ETF | 20.8 | 20 | 41 | 3.8 | -1.3 |
VUSE | Vident Core US Equity Fund | 20.7 | 48 | 13 | 7.3 | +2.3 |
ONEY | SPDR Russell 1000 Yield Focus ETF | 20.4 | 20 | 41 | 7.2 | +2.2 |
BFOR | Barron's 400 ETF | 20.3 | 65 | -4 | 5.5 | +0.5 |
JKJ | iShares Morningstar Small-Cap ETF | 20.2 | 25 | 36 | 5.0 | 0.0 |
DEUS | Xtrackers Russell 1000 Comprehensive Factor ETF | 20.0 | 17 | 44 | 5.6 | +0.6 |
JPSE | JPMorgan Diversified Return U.S. Small Cap Equity ETF | 19.7 | 29 | 32 | 4.2 | -0.8 |
SMLF | iShares Edge MSCI Multifactor USA Small-Cap ETF | 18.0 | 30 | 31 | 6.0 | +1.0 |
VFMF | Vanguard U.S. Multifactor ETF | 17.9 | 19 | 42 | 6.1 | +1.1 |
JVAL | JPMorgan U.S. Value Factor ETF | 17.9 | 12 | 49 | 7.1 | +2.1 |
VFQY | Vanguard U.S. Quality Factor ETF | 17.8 | 13 | 48 | 5.3 | +0.3 |
AFSM | First Trust Active Factor Small Cap ETF | 17.7 | 77 | -16 | 4.3 | -0.8 |
VFLQ | Vanguard U.S. Liquidity Factor ETF | 17.6 | 14 | 47 | 3.5 | -1.6 |
BBSC | JPMorgan BetaBuilders U.S. Small Cap Equity ETF | 17.1 | 9 | 52 | 3.3 | -1.8 |
SMMV | iShares Edge MSCI Min Vol USA Small-Cap ETF | 17.0 | 20 | 41 | 3.7 | -1.4 |
USMF | WisdomTree U.S. Multifactor Fund | 17.0 | 28 | 33 | 5.4 | +0.3 |
TPLC | Timothy Plan US Large Cap Core ETF | 16.9 | 52 | 9 | 4.4 | -0.6 |
VFMO | Vanguard U.S. Momentum Factor ETF | 16.8 | 13 | 48 | 1.4 | -3.7 |
CFO | VictoryShares US 500 Enhanced Volatility Weighted Index ETF | 16.5 | 35 | 26 | 5.1 | +0.0 |
USLB | Invesco Russell 1000 Low Beta Equal Weight ETF | 16.4 | 35 | 26 | 5.1 | +0.1 |
CFA | VictoryShares US 500 Volatility Weighted Index ETF | 16.4 | 35 | 26 | 5.0 | +0.0 |
VALQ | American Century STOXX U.S. Quality Value ETF | 16.2 | 29 | 32 | 7.8 | +2.8 |
PRFZ | Invesco FTSE RAFI US 1500 Small-Mid ETF | 16.0 | 39 | 22 | 3.4 | -1.6 |
PAMC | Pacer Lunt MidCap Multi-Factor Alternator ETF | 15.9 | 60 | 1 | 3.6 | -1.4 |
STSB | iShares Factors US Small Blend Style ETF | 15.8 | 35 | 26 | 2.9 | -2.1 |
TILT | Flexshares Morningstar US Market Factors Tilt Index Fund | 15.1 | 25 | 36 | 4.9 | -0.1 |
RVRS | Reverse Cap Weighted U.S. Large Cap ETF | 14.6 | 29 | 32 | 6.1 | +1.1 |
RFV | Invesco S&P Midcap 400 Pure Value ETF | 14.5 | 35 | 26 | 8.8 | +3.8 |
HSMV | First Trust Horizon Managed Volatility Small/Mid ETF | 14.4 | 80 | -19 | 4.7 | -0.3 |
JPUS | JPMorgan Diversified Return U.S. Equity ETF | 14.3 | 18 | 43 | 5.6 | +0.6 |
BKMC | BNY Mellon US Mid Cap Core Equity ETF | 14.1 | 4 | 57 | 4.9 | -0.2 |
AUSF | Global X Adaptive U.S. Factor ETF | 13.7 | 27 | 34 | 8.0 | +3.0 |
JSMD | Janus Henderson Small/Mid Cap Growth Alpha ETF | 13.7 | 30 | 31 | 4.9 | -0.2 |
XMVM | Invesco S&P MidCap Value with Momentum ETF | 13.5 | 39 | 22 | 8.0 | +2.9 |
AVUV | Avantis U.S. Small Cap Value ETF | 13.3 | 25 | 36 | 6.3 | +1.3 |
PSC | Principal U.S. Small Cap Index ETF | 13.3 | 38 | 23 | 4.6 | -0.5 |
RFG | Invesco S&P Midcap 400 Pure Growth ETF | 13.1 | 35 | 26 | 3.3 | -1.8 |
PQSG | PGIM QMA Strategic Alpha Small-Cap Growth ETF | 13.0 | 29 | 32 | -0.3 | -5.3 |
FXO | First Trust Financials AlphaDEX Fund | 13.0 | 63 | -2 | 9.2 | +4.2 |
AVUS | Avantis U.S. Equity ETF | 13.0 | 15 | 46 | 4.8 | -0.2 |
1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.
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RESULTS & ESTIMATES
2015 | 2016 | 2017 | 2018 | 2019 | 2020E | 2021E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
Book value per share | ** | ** | ** | ** | ** | ** | ** |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
OTHER FUNDAMENTAL METRICS
Long term EPS growth est. | **% | Debt-to-equity | **x | |
Asset turnover | **% | Assets-to-equity | **x |
*Six months ago = 100 |
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VALUATION METRICS
2019 | 2020E | 2021E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
First Trust Mid Cap Core AlphaDEX Fund | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
NEUTRAL |
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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