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

In the year to Oct 9, 2026, with distributions reinvested, FEX returned +17.6% and PKW +12.5%.

Which is cheaper, FEX or PKW?

FEX is cheaper, by 0.06 percentage points a year. On $10,000 held for a year that difference is about $6. Fees come from each fund's prospectus.

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

By their latest filed holdings, 86% of FEX and 69% of PKW by weight is stocks the S&P 500 already holds.

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FEX vs PKW: how they differ

FEX and PKW hold 11% of their weight in the same names, and FEX returned +17.6% over the year. First Trust Large Cap Core AlphaDEX Fund and Invesco BuyBack Achievers ETF.

FEX costs 0.06 points a year less; their one-year returns differ by 5.1 points.

	FEX	PKW
Expense ratio	0.57%	0.63%
Net assets	$1.6bn	$1.7bn
Total return, 1 year	+17.6%	+12.5%
Holdings in common	11%
Nasdaq-100, total return, 1 year	+23.6%
Top ten holdings, share of the fund	5.0%	41.3%
Below its high	4.1%, high on Aug 14, 2026	4.5%, high on Sep 3, 2026

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

+17.6%

FEX total return, 1 year

+12.5%

PKW total return, 1 year

0.57%

FEX expense ratio

0.63%

PKW expense ratio

What they hold in common

By the books each fund has filed, FEX and PKW hold 11% 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

11% in common

Positions both hold, largest shared weight first

Holding FEX PKW

PayPal Holdings, Inc. 0.46% 1.70%

American International Group, Inc. 0.45% 1.26%

Arch Capital Group Ltd. 0.45% 1.01%

The Travelers Companies, Inc. 0.45% 2.55%

Corpay, Inc. 0.44% 0.80%

Synchrony Financial 0.44% 0.66%

D.R. Horton, Inc. 0.43% 0.96%

CF Industries Holdings, Inc. 0.42% 0.54%

Fox Corporation (Class A) 0.43% 0.42%

Marathon Petroleum Corporation 0.40% 4.18%

Valero Energy Corporation 0.39% 4.07%

General Motors Company 0.37% 2.43%

Only in FEX

PTC Inc. 0.60%

Everpure, Inc. (Class A) 0.51%

Hewlett Packard Enterprise Company 0.50%

HF Sinclair Corp. 0.49%

NetApp, Inc. 0.49%

Okta, Inc. 0.48%

Ovintiv Inc. 0.48%

Constellation Brands, Inc. (Class A) 0.47%

Only in PKW

Charles Schwab Corp/The 4.89%

Ameriprise Financial Inc 1.36%

MSCI Inc 1.25%

AerCap Holdings NV 0.86%

United Therapeutics Corp 0.76%

Verisk Analytics Inc 0.70%

Zebra Technologies Corp 0.56%

Yum China Holdings Inc 0.50%

Check overlap with more funds →

On the same fields

FEX

First Trust Large Cap Core AlphaDEX Fund

PKW

Invesco BuyBack Achievers ETF

Where it sits Stock ETF Stock ETF

Issuer First Trust Invesco

What it is Tracks an index Tracks an index

Total return, 1 year +17.6% +12.5%

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

Gap to the S&P 500 +0.4 pts −4.8 pts

Expense ratio 0.57% 0.63%

Already in the S&P 500 85.6% 68.8%

Holdings 375 288

Net assets $1.6bn $1.7bn

FEX and PKW 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.

PKW in plain words

PKW tracks an index. Over the year to Oct 9, 2026 it returned +12.5% with distributions reinvested, against +17.3% for the S&P 500 and +23.6% for the Nasdaq-100. The prospectus expense ratio is 0.63% a year. By its holdings published by its issuer for Oct 8, 2026, 69% of the fund by weight is stocks the S&P 500 also holds, across 288 positions, with the top ten at 41.3%. It sat 4.5% below its high of Sep 3, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, FEX or PKW?: In the year to Oct 9, 2026, with distributions reinvested, FEX returned +17.6% and PKW +12.5%.
Which is cheaper, FEX or PKW?: FEX is cheaper, by 0.06 percentage points a year. On $10,000 held for a year that difference is about $6. Fees come from each fund's prospectus.
How much do FEX and PKW overlap with the S&P 500?: By their latest filed holdings, 86% of FEX and 69% of PKW by weight is stocks the S&P 500 already holds.

Other comparisons

FEX vs REGL FEX vs RPV FEX vs SMIG FEX vs SDOG PKW vs RPV PKW vs REGL FTA vs PKW PKW vs RWK

FEX on its own →PKW 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 ↗PKW filings on SEC EDGAR ↗PKW prospectus with the expense ratio (SEC) ↗Invesco page for PKW ↗

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 PKW, data as of Oct 9, 2026. https://etfiq.com/compare/any/fex-vs-pkw

Open data

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