Which returned more over the last year, FEX or IMCV?

In the year to Oct 9, 2026, with distributions reinvested, FEX returned +17.6% and IMCV +20.8%.

Which is cheaper, FEX or IMCV?

IMCV is cheaper, by 0.51 percentage points a year. On $10,000 held for a year that difference is about $51. Fees come from each fund's prospectus.

How much do FEX and IMCV overlap with the S&P 500?

By their latest filed holdings, 86% of FEX and 92% of IMCV by weight is stocks the S&P 500 already holds.

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FEX vs IMCV: how they differ

FEX and IMCV hold 45% of their weight in the same names, and IMCV returned +20.8% over the year. First Trust Large Cap Core AlphaDEX Fund and iShares Morningstar Mid-Cap Value ETF.

IMCV costs 0.51 points a year less; their one-year returns differ by 3.2 points; FEX is 1.4 times larger.

	FEX	IMCV
Expense ratio	0.57%	0.06%
Net assets	$1.6bn	$1.1bn
Total return, 1 year	+17.6%	+20.8%
Holdings in common	45%
Nasdaq-100, total return, 1 year	+23.6%
Top ten holdings, share of the fund	5.0%	13.6%
Below its high	4.1%, high on Aug 14, 2026	3.7%, high on Aug 24, 2026

Holdings in common uses holdings dated Oct 8, 2026 and Oct 9, 2026.

+17.6%

FEX total return, 1 year

+20.8%

IMCV total return, 1 year

0.57%

FEX expense ratio

0.06%

IMCV expense ratio

What they hold in common

By the books each fund has filed, FEX and IMCV hold 45% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 8, 2026 and Oct 9, 2026.

50%

half

45% in common

Positions both hold, largest shared weight first

Holding FEX IMCV

Hewlett Packard Enterprise Company 0.50% 1.36%

Dell Technologies Inc. (Class C) 0.47% 0.69%

Occidental Petroleum Corporation 0.47% 0.63%

EOG Resources, Inc. 0.46% 1.12%

PayPal Holdings, Inc. 0.46% 0.68%

The Hartford Insurance Group, Inc. 0.46% 0.51%

American International Group, Inc. 0.45% 0.55%

Arch Capital Group Ltd. 0.45% 0.46%

Devon Energy Corporation 0.45% 0.77%

The Cigna Group 0.45% 1.03%

The Travelers Companies, Inc. 0.45% 1.11%

D.R. Horton, Inc. 0.43% 0.49%

Only in FEX

Everpure, Inc. (Class A) 0.51%

HF Sinclair Corp. 0.49%

Okta, Inc. 0.48%

Fortinet, Inc. 0.47%

Snowflake Inc. (Class A) 0.47%

Arista Networks, Inc. 0.46%

ConocoPhillips 0.46%

Datadog, Inc. (Class A) 0.46%

Only in IMCV

AUTOMATIC DATA PROCESSING INC 1.55%

STRATEGY INC CLASS A 0.80%

DOMINION ENERGY 0.75%

WILLIAMS 0.73%

FORD MOTOR CO 0.70%

COLGATE-PALMOLIVE 0.67%

IQVIA HOLDINGS INC 0.61%

NORFOLK SOUTHERN CORP 0.57%

Check overlap with more funds →

On the same fields

FEX

First Trust Large Cap Core AlphaDEX Fund

IMCV

iShares Morningstar Mid-Cap Value ETF

Where it sits Stock ETF Stock ETF

Issuer First Trust iShares

What it is Tracks an index Tracks an index

Total return, 1 year +17.6% +20.8%

S&P 500 over the same days +17.3% +17.3%

Gap to the S&P 500 +0.4 pts +3.6 pts

Expense ratio 0.57% 0.06%

Already in the S&P 500 85.6% 92.3%

Holdings 375 270

Net assets $1.6bn $1.1bn

FEX and IMCV on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

FEX in plain words

FEX tracks an index. Over the year to Oct 9, 2026 it returned +17.6% with distributions reinvested, against +17.3% for the S&P 500 and +23.6% for the Nasdaq-100. The prospectus expense ratio is 0.57% a year. By its holdings published by its issuer for Oct 9, 2026, 86% of the fund by weight is stocks the S&P 500 also holds, across 375 positions, with the top ten at 5.0%. It sat 4.1% below its high of Aug 14, 2026 on Oct 9, 2026.

IMCV in plain words

IMCV tracks an index. Over the year to Oct 9, 2026 it returned +20.8% with distributions reinvested, against +17.3% for the S&P 500 and +23.6% for the Nasdaq-100. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer for Oct 8, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 270 positions, with the top ten at 13.6%. It sat 3.7% below its high of Aug 24, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, FEX or IMCV?: In the year to Oct 9, 2026, with distributions reinvested, FEX returned +17.6% and IMCV +20.8%.
Which is cheaper, FEX or IMCV?: IMCV is cheaper, by 0.51 percentage points a year. On $10,000 held for a year that difference is about $51. Fees come from each fund's prospectus.
How much do FEX and IMCV overlap with the S&P 500?: By their latest filed holdings, 86% of FEX and 92% of IMCV by weight is stocks the S&P 500 already holds.

Other comparisons

FEX vs VFMF FEX vs IVOV FEX vs RSPA FEX vs PEY IMCV vs IVOV IMCV vs PEY FTXR vs IMCV IMCV vs RPV

FEX on its own →IMCV on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

FEX filings on SEC EDGAR ↗FEX prospectus with the expense ratio (SEC) ↗First Trust page for FEX ↗IMCV filings on SEC EDGAR ↗IMCV prospectus with the expense ratio (SEC) ↗iShares page for IMCV ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

Cite this page

ETFIQ, FEX against IMCV, data as of Oct 9, 2026. https://etfiq.com/compare/any/fex-vs-imcv

Open data

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