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

In the year to Oct 9, 2026, with distributions reinvested, FEX returned +17.6% and VOE +19.3%.

Which is cheaper, FEX or VOE?

VOE is cheaper, by 0.52 percentage points a year. On $10,000 held for a year that difference is about $52. Fees come from each fund's prospectus.

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

By their latest filed holdings, 86% of FEX and 96% of VOE by weight is stocks the S&P 500 already holds.

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FEX vs VOE: how they differ

FEX and VOE hold 35% of their weight in the same names, and VOE returned +19.3% over the year. First Trust Large Cap Core AlphaDEX Fund and Vanguard Morningstar Mid-Cap Value ETF.

VOE costs 0.52 points a year less; their one-year returns differ by 1.7 points; VOE is 14.5 times larger.

	FEX	VOE
Expense ratio	0.57%	0.05%
Net assets, FEX as of Oct 9, 2026 and VOE as of Sep 30, 2026	$1.6bn	$22.8bn
Total return, 1 year	+17.6%	+19.3%
Holdings in common	35%
Nasdaq-100, total return, 1 year	+23.6%
Top ten holdings, share of the fund	5.0%	13.9%
Below its high	4.1%, high on Aug 14, 2026	3.7%, high on Aug 14, 2026

Holdings in common uses holdings dated Aug 31, 2026 and Oct 9, 2026.

+17.6%

FEX total return, 1 year

+19.3%

VOE total return, 1 year

0.57%

FEX expense ratio

0.05%

VOE expense ratio

What they hold in common

By the books each fund has filed, FEX and VOE hold 35% 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 Aug 31, 2026 and Oct 9, 2026.

50%

half

35% in common

Positions both hold, largest shared weight first

Holding FEX VOE

Hewlett Packard Enterprise Company 0.50% 1.15%

NetApp, Inc. 0.49% 0.61%

Occidental Petroleum Corporation 0.47% 0.74%

PG&E Corporation 0.46% 0.47%

PayPal Holdings, Inc. 0.46% 0.47%

The Hartford Insurance Group, Inc. 0.46% 0.62%

American International Group, Inc. 0.45% 0.66%

Arch Capital Group Ltd. 0.45% 0.54%

Devon Energy Corporation 0.45% 0.93%

Keysight Technologies, Inc. 0.45% 0.91%

Roper Technologies, Inc. 0.45% 0.71%

The Allstate Corporation 0.45% 1.10%

Only in FEX

PTC Inc. 0.60%

Everpure, Inc. (Class A) 0.51%

HF Sinclair Corp. 0.49%

Okta, Inc. 0.48%

Ovintiv Inc. 0.48%

Dell Technologies Inc. (Class C) 0.47%

Fortinet, Inc. 0.47%

Permian Resources Corp. 0.47%

Only in VOE

Cummins Inc 1.29%

Warner Bros Discovery Inc 1.12%

Arthur J Gallagher & Co 1.11%

Digital Realty Trust Inc 1.08%

Cencora Inc 0.99%

Dominion Energy Inc 0.96%

Corteva Inc 0.94%

Ford Motor Co 0.90%

Check overlap with more funds →

On the same fields

FEX

First Trust Large Cap Core AlphaDEX Fund

VOE

Vanguard Morningstar Mid-Cap Value ETF

Where it sits Stock ETF Stock ETF

Issuer First Trust Vanguard

What it is Tracks an index Tracks an index of Mid-Cap Value

Total return, 1 year +17.6% +19.3%

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

Gap to the S&P 500 +0.4 pts +2.1 pts

Expense ratio 0.57% 0.05%

Already in the S&P 500 85.6% 96.0%

Holdings 375 170

Net assets, FEX as of Oct 9, 2026 and VOE as of Sep 30, 2026 $1.6bn $22.8bn

FEX and VOE 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.

VOE in plain words

VOE tracks an index of Mid-Cap Value. Over the year to Oct 9, 2026 it returned +19.3% with distributions reinvested, against +17.3% for the S&P 500 and +23.6% for the Nasdaq-100. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Aug 31, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 170 positions, with the top ten at 13.9%. It sat 3.7% below its high of Aug 14, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, FEX or VOE?: In the year to Oct 9, 2026, with distributions reinvested, FEX returned +17.6% and VOE +19.3%.
Which is cheaper, FEX or VOE?: VOE is cheaper, by 0.52 percentage points a year. On $10,000 held for a year that difference is about $52. Fees come from each fund's prospectus.
How much do FEX and VOE overlap with the S&P 500?: By their latest filed holdings, 86% of FEX and 96% of VOE by weight is stocks the S&P 500 already holds.

Other comparisons

FEX vs SDY FEX vs VFLO FEX vs MDYV FEX vs VFMF ILCV vs VOE FTA vs VOE RWK vs VOE RSPA vs VOE

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

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

Open data

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