Data as of Oct 28, 2026.
FNX vs XSMO: Differences, Returns & Fees
Over the year to Oct 28, 2026, FNX returned +12.4% to XSMO's +11.8%; 8% 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 $2.8bn for Invesco S&P SmallCap Momentum ETF.
Pair scorecard
XSMO costs 0.27 points a year less; their one-year returns differ by 0.6 points; XSMO is 2.0 times larger.
| Measure | FNX | XSMO |
|---|---|---|
| Return | ||
| Total return, 1 year | +12.4% | +11.8% |
| Drawdown | ||
| Below its high | 4.9%, high on Aug 14, 2026 | 12.5%, high on Jun 30, 2026 |
| Benchmark | ||
| What it tracks | Nasdaq AlphaDEX Mid Cap Core Index | S&P SmallCap 600 Momentum Index |
| Cost and size | ||
| Expense ratio | 0.62% | 0.35% |
| Net assets, as of Oct 27, 2026 | $1.4bn | $2.8bn |
| Holdings | ||
| Holdings in common | 8% | |
| Top ten holdings, share of the fund | 4.4% | 23.3% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
May 18, 2007 to Oct 23, 2026 · 1,014 weekly returnsFNX returned more: +455.7% to +380.3%. FNX swung slightly less: 22.8% to 23.4%. FNX and XSMO fell about the same at their worst: −57.0% and −57.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FNX | XSMO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +455.7% | +380.3% | FNX | Price change plus distributions, reinvested. |
| Annualized | +9.2% | +8.4% | FNX (slight) | Total return as a yearly rate. |
| Price return | +360.2% | +326.5% | FNX (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 22.8% | 23.4% | FNX (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 16.2% | 16.4% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −57.0% | −57.2% | Tie | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.43 | 0.40 | FNX (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.61 | 0.56 | FNX (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.16 | 0.15 | FNX (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,014 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FNX and XSMO hold 8% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
8% in common
Only in one fund ↓
Side by side
FNX and XSMO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FNX and XSMO 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 XSMO follows S&P SmallCap 600 Momentum Index.
- Holdings in common. 8% of the weight is in the same securities (holdings dated Oct 27, 2026).
- Number of holdings. FNX holds 451 positions and XSMO holds 116.
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.
XSMO
XSMO tracks an index. Over the year to Oct 28, 2026 it returned +11.8% with distributions reinvested. The prospectus expense ratio is 0.35% 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 116 positions, with the top ten at 23.3%. It sat 12.5% below its high of Jun 30, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FNX or XSMO?
- In the year to Oct 28, 2026, with distributions reinvested, FNX returned +12.4% and XSMO +11.8%.
- Which is cheaper, FNX or XSMO?
- XSMO is cheaper, by 0.27 percentage points a year. That is about $27 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 XSMO, data as of Oct 28, 2026. https://etfiq.com/compare/any/fnx-vs-xsmo
ETFIQ. (Oct 28, 2026). FNX against XSMO. Retrieved from https://etfiq.com/compare/any/fnx-vs-xsmo
[FNX against XSMO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fnx-vs-xsmo)
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