Data as of Oct 28, 2026.
FNX vs SDVY: Differences, Returns & Fees
Over the year to Oct 28, 2026, FNX returned +12.4% to SDVY's +12.2%; 17% of their weight is in the same names.
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Net assets on Oct 27, 2026: $1.4bn for First Trust Mid Cap Core AlphaDEX Fund and $11.1bn for First Trust SMID Cap Rising Dividend Achievers ETF.
Pair scorecard
SDVY costs 0.04 points a year less; their one-year returns differ by 0.2 points; SDVY is 7.9 times larger.
| Measure | FNX | SDVY |
|---|---|---|
| Return | ||
| Total return, 1 year | +12.4% | +12.2% |
| Drawdown | ||
| Below its high | 4.9%, high on Aug 14, 2026 | 6.6%, high on Aug 4, 2026 |
| Benchmark | ||
| What it tracks | Nasdaq AlphaDEX Mid Cap Core Index | Nasdaq US Small Mid Cap Rising Dividend Achievers Index |
| Cost and size | ||
| Expense ratio | 0.62% | 0.58% |
| Net assets, as of Oct 27, 2026 | $1.4bn | $11.1bn |
| Holdings | ||
| Holdings in common | 17% | |
| Top ten holdings, share of the fund | 4.4% | 10.2% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Nov 10, 2017 to Oct 23, 2026 · 467 weekly returns · each against IWVSDVY returned slightly more: +147.8% to +144.0%. FNX and SDVY swung about the same: 23.0% and 22.8%. SDVY fell slightly less at its worst: −40.5% to −41.9%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | FNX | SDVY | IWV | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +144.0% | +147.8% | SDVY (slight) | Price change plus distributions, reinvested. | |
| Annualized | +10.4% | +10.6% | Tie | Total return as a yearly rate. | |
| Price return | +120.5% | +113.0% | FNX (slight) | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 23.0% | 22.8% | Tie | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 16.0% | 16.0% | Tie | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −41.9% | −40.5% | SDVY (slight) | Deepest fall from a high to the low after it. | |
| Upside capture | 102.2% | 95.2% | 100.0% | FNX (slight) | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 105.3% | 101.6% | 100.0% | SDVY (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.14 | 1.05 | 1.00 | SDVY lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.82 | 0.70 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.43 | 0.44 | Tie | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.62 | 0.63 | Tie | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.087 | 0.095 | 0.119 | SDVY (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.25 | 0.26 | SDVY (slight) | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | IWV | IWV | IWV | The ETF each fund is measured against. | |
| Alpha | −3.7% a year | −2.5% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.13 | −0.60 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −10.1% to +2.7% | −10.7% to +5.7% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.20 | −0.15 | SDVY | Return against its benchmark per unit of tracking error. | |
| Tracking error | 10.1% | 12.4% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 467 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FNX and SDVY hold 17% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
17% in common
Only in one fund ↓
Side by side
FNX and SDVY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FNX and SDVY are built for the same job. How do they differ in cost, holdings and results?
- What each follows. FNX follows Nasdaq AlphaDEX Mid Cap Core Index and SDVY follows Nasdaq US Small Mid Cap Rising Dividend Achievers Index.
- Holdings in common. 17% of the weight is in the same securities (holdings dated Oct 27, 2026).
- Size. FNX has $1.4bn in net assets and SDVY $11.1bn (net assets, as of Oct 27, 2026); SDVY is 7.9 times larger.
Data as of Oct 28, 2026.
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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.
Over the year to Oct 28, 2026 it returned +12.2% with distributions reinvested, against +13.3% for its benchmark, the Russell 3000 Index.
SDVY tracks an index. The prospectus expense ratio is 0.58% a year. By its holdings published by its issuer for Oct 27, 2026, 24% of the fund by weight is stocks the S&P 500 also holds, across 172 positions, with the top ten at 10.2%. It sat 6.6% below its high of Aug 4, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FNX or SDVY?
- In the year to Oct 28, 2026, with distributions reinvested, FNX returned +12.4% and SDVY +12.2%.
- Which is cheaper, FNX or SDVY?
- SDVY is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, FNX against SDVY, data as of Oct 28, 2026. https://etfiq.com/compare/any/fnx-vs-sdvy
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