Which returned more over the last year, AVSC or FNX?

In the year to Oct 28, 2026, with distributions reinvested, AVSC returned +23.6% and FNX +12.4%.

Which is cheaper, AVSC or FNX?

AVSC is cheaper, by 0.37 percentage points a year. That is about $37 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do AVSC and FNX overlap with the S&P 500?

By their latest filed holdings, 0% of AVSC and 8% of FNX by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

AVSC vs FNX: Differences, Returns & Fees

Share on X Download as PDF

Over the year to Oct 28, 2026, AVSC returned +23.6% to FNX's +12.4%; 16% of their weight is in the same names.

askIQ about this page

askIQ about AVSC and FNX

Net assets: $2.8bn on May 31, 2026 for Avantis U.S. Small Cap Equity ETF, and $1.4bn on Oct 27, 2026 for First Trust Mid Cap Core AlphaDEX Fund.

AVSC on its own →FNX on its own →

At a glance

+23.6%

AVSC total return, 1 year

+12.4%

FNX total return, 1 year

0.25%

AVSC expense ratio

0.62%

FNX expense ratio

Pair scorecard

AVSC costs 0.37 points a year less; their one-year returns differ by 11.2 points.

AVSC vs FNX: Differences, Returns & Fees
Measure	AVSC	FNX
Return
Measure	AVSC	FNX
Total return, 1 year	+23.6%	+12.4%
Drawdown
Measure	AVSC	FNX
Below its high	5.0%, high on Aug 14, 2026	4.9%, high on Aug 14, 2026
Benchmark
Measure	AVSC	FNX
What it tracks	No index, actively managed	Nasdaq AlphaDEX Mid Cap Core Index
Cost and size
Measure	AVSC	FNX
Expense ratio	0.25%	0.62%
Net assets, AVSC as of May 31, 2026 and FNX as of Oct 27, 2026	$2.8bn	$1.4bn
Holdings
Measure	AVSC	FNX
Holdings in common	16%
Top ten holdings, share of the fund	3.4%	4.4%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Jan 21, 2022 to Oct 23, 2026 · 248 weekly returns

AVSC FNX

Return

Total return edge AVSC +62.2% +54.8%

Annualized edge AVSC +10.7% +9.6%

Price return edge AVSC +52.9% +46.8%

Risk

Volatility edge FNX (slight) 20.5% 19.0%

Max drawdown edge FNX −25.5% −21.7%

Downside capture 96.9% 107.9%

Beta 0.96 1.15

Risk-adjusted

Sharpe edge AVSC (slight) 0.40 0.36

Sortino edge AVSC (slight) 0.58 0.52

Treynor 0.085 0.086

Calmar edge FNX (slight) 0.42 0.44

Against the benchmark

Alpha +2.1% a year −1.5% a year

Alpha t-stat 0.89 −0.77

Information ratio 0.35 −0.01

Tracking error 5.2% 9.1%

Each against its own benchmark: AVSC against IWM, Jan 21, 2022 to Oct 23, 2026; FNX against IWV, May 18, 2007 to Oct 23, 2026.

Reading

AVSC returned more: +62.2% to +54.8%. FNX swung slightly less: 19.0% to 20.5%. FNX fell less at its worst: −21.7% to −25.5%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: AVSC vs FNX: Differences, Returns & Fees
Measure	AVSC	FNX	Edge	How it is measured
Return
Total return	+62.2%	+54.8%	AVSC	Price change plus distributions, reinvested.
Annualized	+10.7%	+9.6%	AVSC	Total return as a yearly rate.
Price return	+52.9%	+46.8%	AVSC	Price change alone, distributions left out.
Risk
Volatility	20.5%	19.0%	FNX (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	14.0%	13.1%	FNX (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−25.5%	−21.7%	FNX	Deepest fall from a high to the low after it.
Upside capture	96.8%	115.8%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	96.9%	107.9%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.96	1.15	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.94	0.85	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.40	0.36	AVSC (slight)	Return above Treasury bills per unit of volatility.
Sortino	0.58	0.52	AVSC (slight)	Return above Treasury bills per unit of downside deviation.
Treynor	0.085	0.086		Return above Treasury bills per unit of beta.
Calmar	0.42	0.44	FNX (slight)	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	IWM	IWV		The ETF each fund is measured against.
Alpha	+2.1% a year	−1.5% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	0.89	−0.77	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−2.5% to +6.7%	−5.4% to +2.4%	Includes zero	The 95% range for the yearly alpha.
Information ratio	0.35	−0.01		Return against its benchmark per unit of tracking error.
Tracking error	5.2%	9.1%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 248 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

16%

By the books each fund has filed, AVSC and FNX hold 16% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

16% in common

Positions both hold · largest shared weight first AVSC FNX

ABERCROMBIE + FITCH CO CL A COMMON STOCK USD.01 0.35% 0.35%

HAEMONETICS CORP/MASS COMMON STOCK USD.01 0.34% 0.41%

CONCENTRA GROUP HOLDINGS PAR COMMON STOCK USD.01 0.33% 0.41%

INTERNATIONAL SEAWAYS INC COMMON STOCK 0.33% 0.36%

CHEESECAKE FACTORY INC/THE COMMON STOCK USD.01 0.31% 0.37%

FRONTDOOR INC COMMON STOCK USD.01 0.31% 0.33%

MATERION CORP COMMON STOCK 0.30% 0.31%

MURPHY OIL CORP COMMON STOCK USD1.0 0.30% 0.42%

CHEFS WAREHOUSE INC/THE COMMON STOCK USD.01 0.28% 0.35%

SONOCO PRODUCTS CO COMMON STOCK 0.27% 0.36%

LAUREATE EDUCATION INC COMMON STOCK USD.001 0.26% 0.28%

WARRIOR MET COAL INC COMMON STOCK USD.01 0.26% 0.28%

Only in one fund ↓

Only in AVSC

TENABLE HOLDINGS INC COMMON STOCK USD.01 0.37%

GRAIL INC COMMON STOCK 0.36%

IOVANCE BIOTHERAPEUTICS INC COMMON STOCK USD.000041666 0.32%

LIVANOVA PLC COMMON STOCK GBP1.0 0.32%

DELEK US HOLDINGS INC COMMON STOCK USD.01 0.31%

PLAINS GP HOLDINGS LP LTD PART 0.31%

PATTERSON UTI ENERGY INC COMMON STOCK USD.01 0.29%

VAIL RESORTS INC COMMON STOCK USD.01 0.29%

Only in FNX

Range Resources Corporation 0.54%

Antero Resources Corporation 0.45%

APA Corporation 0.44%

EPAM Systems, Inc. 0.44%

Halozyme Therapeutics, Inc. 0.42%

Hinge Health, Inc. (Class A) 0.42%

Rubrik, Inc. (Class A) 0.42%

Urban Outfitters, Inc. 0.42%

Check overlap with more funds →

Side by side

AVSC Avantis U.S. Small Cap Equity ETF FNX First Trust Mid Cap Core AlphaDEX Fund

Where it sits Stock ETF Stock ETF

Issuer Avantis First Trust

What it is Actively managed Tracks an index

Total return, 1 year +23.6% +12.4%

Its benchmark over the same days +14.1% (IWM) +13.3% (IWV)

Gap to its benchmark +9.5 pts vs IWM −0.9 pts vs IWV

Expense ratio 0.25% 0.62%

Already in the S&P 500 0.0% 8.2%

Holdings 1540 451

Net assets, AVSC as of May 31, 2026 and FNX as of Oct 27, 2026 $2.8bn $1.4bn

AVSC and FNX on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-B5CF7E0802

AVSC and FNX are built for the same job. How do they differ in cost, holdings and results?

What each follows. AVSC follows No index, actively managed and FNX follows Nasdaq AlphaDEX Mid Cap Core Index.
Holdings in common. 16% of the weight is in the same securities (holdings dated Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 AVSC returned +23.6% and FNX +12.4% with distributions reinvested, a gap of 11.2 points.

Data as of Oct 28, 2026.

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

Alert

About each fund

AVSC

Over the year to Oct 28, 2026 it returned +23.6% with distributions reinvested, against +14.1% for its benchmark, the Russell 2000.

AVSC is actively managed and tracks no index. The prospectus expense ratio is 0.25% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,540 positions, with the top ten at 3.4%. It sat 5.0% below its high of Aug 14, 2026 on Oct 28, 2026.

FNX

Over the year to Oct 28, 2026 it returned +12.4% with distributions reinvested, against +13.3% for its benchmark, the Russell 3000 Index.

FNX tracks an index. The prospectus expense ratio is 0.62% a year. By its holdings published by its issuer for Oct 27, 2026, 8% of the fund by weight is stocks the S&P 500 also holds, across 451 positions, with the top ten at 4.4%. It sat 4.9% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, AVSC or FNX?: In the year to Oct 28, 2026, with distributions reinvested, AVSC returned +23.6% and FNX +12.4%.
Which is cheaper, AVSC or FNX?: AVSC is cheaper, by 0.37 percentage points a year. That is about $37 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do AVSC and FNX overlap with the S&P 500?: By their latest filed holdings, 0% of AVSC and 8% of FNX by weight is stocks the S&P 500 already holds.

Other comparisons

AVSC vs VIOG AVSC vs IJR AVSC vs FYX AVSC vs FYC FNX vs XSMO FNX vs PSC ESML vs FNX BBMC vs FNX

Where to next

AVSC on its own →FNX on its own →Hold both: look the portfolio through →Rankings →AVSC dividend history →AVSC holdings →FNX dividend history →FNX holdings →Standards and sources →

Sources and dates

AVSC filings on SEC EDGAR ↗

AVSC prospectus with the expense ratio (SEC) ↗

Avantis website ↗

FNX filings on SEC EDGAR ↗

FNX prospectus with the expense ratio (SEC) ↗

First Trust page for FNX ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, AVSC against FNX, data as of Oct 28, 2026. https://etfiq.com/compare/any/avsc-vs-fnx

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.