Which returned more over the last year, FYX or IWC?

In the year to Oct 28, 2026, with distributions reinvested, FYX returned +26.2% and IWC +16.5%.

Which is cheaper, FYX or IWC?

FYX is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do FYX and IWC overlap with the S&P 500?

By their latest filed holdings, 0% of FYX and 92% of IWC by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

FYX vs IWC: Differences, Returns & Fees

Share on X Download as PDF

Over the year to Oct 28, 2026, FYX returned +26.2% to IWC's +16.5%; 11% of their weight is in the same names.

askIQ about this page

askIQ about FYX and IWC

Net assets on Oct 27, 2026: $1.4bn for First Trust Small Cap Core AlphaDEX Fund and $1.2bn for iShares Micro-Cap ETF.

FYX on its own →IWC on its own →

At a glance

+26.2%

FYX total return, 1 year

+16.5%

IWC total return, 1 year

0.58%

FYX expense ratio

0.60%

IWC expense ratio

Pair scorecard

FYX costs 0.02 points a year less; their one-year returns differ by 9.7 points; FYX is 1.2 times larger.

FYX vs IWC: Differences, Returns & Fees
Measure	FYX	IWC
Return
Measure	FYX	IWC
Total return, 1 year	+26.2%	+16.5%
Drawdown
Measure	FYX	IWC
Below its high	5.0%, high on Aug 4, 2026	9.5%, high on Aug 14, 2026
Benchmark
Measure	FYX	IWC
What it tracks	Nasdaq AlphaDEX Small Cap Core Index	Russell Microcap Index
Cost and size
Measure	FYX	IWC
Expense ratio	0.58%	0.60%
Net assets, as of Oct 27, 2026	$1.4bn	$1.2bn
Holdings
Measure	FYX	IWC
Holdings in common	11%
Top ten holdings, share of the fund	3.9%	5.9%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

May 18, 2007 to Oct 23, 2026 · 1,014 weekly returns · each against IWV

FYX IWC

Return

Total return edge FYX +445.9% +271.4%

Annualized edge FYX +9.1% +7.0%

Price return edge FYX +363.4% +196.3%

Risk

Volatility edge Tie 24.6% 24.4%

Max drawdown edge FYX (slight) −60.9% −63.8%

Downside capture 110.3% 111.1%

Beta 1.19 1.16

Risk-adjusted

Sharpe edge FYX 0.41 0.34

Sortino edge FYX 0.60 0.48

Treynor 0.086 0.071

Calmar edge FYX 0.15 0.11

Against the benchmark

Alpha −1.6% a year −3.3% a year

Alpha t-stat −0.62 −1.23

Information ratio 0.02 −0.14

Tracking error 12.0% 12.3%

Reading

FYX returned more: +445.9% to +271.4%. FYX and IWC swung about the same: 24.6% and 24.4%. FYX fell slightly less at its worst: −60.9% to −63.8%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: FYX vs IWC: Differences, Returns & Fees
Measure	FYX	IWC	IWV	Edge	How it is measured
Return
Total return	+445.9%	+271.4%		FYX	Price change plus distributions, reinvested.
Annualized	+9.1%	+7.0%		FYX	Total return as a yearly rate.
Price return	+363.4%	+196.3%		FYX	Price change alone, distributions left out.
Risk
Volatility	24.6%	24.4%		Tie	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	17.0%	17.2%		Tie	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−60.9%	−63.8%		FYX (slight)	Deepest fall from a high to the low after it.
Upside capture	122.6%	118.2%	100.0%	FYX (slight)	Share of its benchmark's rise caught in the weeks it rose.
Downside capture	110.3%	111.1%	100.0%	Tie	Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	1.19	1.16	1.00	IWC lower	How far it moves for each 1% its benchmark moves.
R squared	0.78	0.76	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.41	0.34		FYX	Return above Treasury bills per unit of volatility.
Sortino	0.60	0.48		FYX	Return above Treasury bills per unit of downside deviation.
Treynor	0.086	0.071	0.099	FYX	Return above Treasury bills per unit of beta.
Calmar	0.15	0.11		FYX	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	IWV	IWV	IWV		The ETF each fund is measured against.
Alpha	−1.6% a year	−3.3% a year	0.0%	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.62	−1.23		Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−6.7% to +3.5%	−8.7% to +2.0%		Both include zero	The 95% range for the yearly alpha.
Information ratio	0.02	−0.14		FYX	Return against its benchmark per unit of tracking error.
Tracking error	12.0%	12.3%	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, 1,014 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

11%

By the books each fund has filed, FYX and IWC hold 11% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

11% in common

Positions both hold · largest shared weight first FYX IWC

CareDx, Inc. 0.33% 0.88%

The Pennant Group, Inc. 0.33% 0.35%

Xeris Biopharma Holdings, Inc. 0.33% 0.44%

Eton Pharmaceuticals, Inc. 0.30% 0.33%

BJ's Restaurants, Inc. 0.31% 0.27%

Bristow Group Inc. 0.31% 0.27%

ConnectOne Bancorp, Inc. 0.27% 0.40%

Lindblad Expeditions Holdings, Inc. 0.27% 0.43%

United Fire Group, Inc. 0.27% 0.30%

Allient Inc. 0.26% 0.34%

Liquidity Services, Inc. 0.26% 0.26%

Nutex Health Inc. 0.30% 0.26%

Only in one fund ↓

Only in FYX

DXC Technology Company 0.45%

Appian Corporation 0.43%

Kohl's Corporation 0.39%

Slide Insurance Holdings, Inc. 0.39%

Academy Sports and Outdoors, Inc. 0.38%

Amplitude, Inc. (Class A) 0.38%

Comstock Resources, Inc. 0.37%

Everforth Incorporated 0.37%

Only in IWC

SELLAS LIFE SCIENCES GROUP INC 0.60%

HYPERLIQUID STRATEGIES INC 0.46%

MBX BIOSCIENCES 0.40%

NORDIC AMERICAN TANKERS 0.39%

FIRST TRACKS BIOTHERAPEUTICS INC 0.37%

ARLO TECHNOLOGIES 0.35%

UROGEN PHARMA 0.35%

OMEROS 0.31%

Check overlap with more funds →

Side by side

FYX First Trust Small Cap Core AlphaDEX Fund IWC iShares Micro-Cap ETF

Where it sits Stock ETF Stock ETF

Issuer First Trust iShares

What it is Tracks an index Tracks the Russell Microcap

Total return, 1 year +26.2% +16.5%

Its benchmark over the same days +13.3% (IWV) +13.3% (IWV)

Gap to its benchmark +12.9 pts vs IWV +3.2 pts vs IWV

Expense ratio 0.58% 0.60%

Already in the S&P 500 0.0% 91.7%

Holdings 525 1365

Net assets, as of Oct 27, 2026 $1.4bn $1.2bn

FYX and IWC on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-424D97884C

FYX and IWC are built for the same job. How do they differ in cost, holdings and results?

What each follows. FYX follows Nasdaq AlphaDEX Small Cap Core Index and IWC follows Russell Microcap Index.
Holdings in common. 11% of the weight is in the same securities (holdings dated Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 FYX returned +26.2% and IWC +16.5% with distributions reinvested, a gap of 9.7 points.

Data as of Oct 28, 2026.

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

Alert

About each fund

FYX

Over the year to Oct 28, 2026 it returned +26.2% with distributions reinvested, against +13.3% for its benchmark, the Russell 3000 Index.

FYX tracks an index. The prospectus expense ratio is 0.58% 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 525 positions, with the top ten at 3.9%. It sat 5.0% below its high of Aug 4, 2026 on Oct 28, 2026.

IWC

Over the year to Oct 28, 2026 it returned +16.5% with distributions reinvested, against +13.3% for its benchmark, the Russell 3000 Index.

IWC tracks the Russell Microcap. The prospectus expense ratio is 0.60% a year. By its holdings published by its issuer for Oct 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 1,365 positions, with the top ten at 5.9%. It sat 9.5% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, FYX or IWC?: In the year to Oct 28, 2026, with distributions reinvested, FYX returned +26.2% and IWC +16.5%.
Which is cheaper, FYX or IWC?: FYX is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FYX and IWC overlap with the S&P 500?: By their latest filed holdings, 0% of FYX and 92% of IWC by weight is stocks the S&P 500 already holds.

Other comparisons

FYX vs IJT FYX vs IJR FYX vs NUSC FYX vs RSSL IWC vs VIOG IWC vs PSC IWC vs XSMO IWC vs VIOO

Where to next

FYX on its own →IWC on its own →Hold both: look the portfolio through →Rankings →FYX dividend history →FYX holdings →IWC dividend history →IWC holdings →Standards and sources →

Sources and dates

FYX filings on SEC EDGAR ↗

FYX prospectus with the expense ratio (SEC) ↗

First Trust page for FYX ↗

IWC filings on SEC EDGAR ↗

IWC prospectus with the expense ratio (SEC) ↗

iShares page for IWC ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, FYX against IWC, data as of Oct 28, 2026. https://etfiq.com/compare/any/fyx-vs-iwc

Open data →

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