FNK vs. SMMD ETF Comparison

Comparison of First Trust Mid Cap Value AlphaDEX Fund (FNK) to iShares Russell 2500 ETF (SMMD)

FNK

First Trust Mid Cap Value AlphaDEX Fund

FNK Description

The investment seeks results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Mid Cap Value Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P MidCap 400(R) Value Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$57.37

Average Daily Volume

9,876

Number of Holdings ^*

223

* may have additional holdings in another (foreign) market

SMMD

iShares Russell 2500 ETF

SMMD Description

The investment seeks to track the investment results of the Russell 2500TM Index. The fund generally will invest at least 90% of its assets in the component securities, including indirect investments through the underlying fund, of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The underlying index measures the performance of the small- to mid-capitalization sector of the U.S. equity market, as defined by FTSE Russell.

Grade (RS Rating)

Last Trade

$73.02

Average Daily Volume

119,434

Number of Holdings ^*

495

* may have additional holdings in another (foreign) market

Performance

Period	FNK	SMMD
30 Days	7.85%	8.00%
60 Days	5.62%	7.78%
90 Days	5.60%	8.86%
12 Months	27.99%	32.28%

133 Overlapping Holdings

Symbol	Grade	Weight in FNK	Weight in SMMD	Overlap
AAP	C	0.59%	0.03%	0.03%
AFG	A	0.15%	0.15%	0.15%
AGCO	D	0.28%	0.09%	0.09%
AGO	B	0.84%	0.07%	0.07%
AIZ	A	0.32%	0.18%	0.18%
AL	B	0.77%	0.08%	0.08%
ALK	C	0.51%	0.1%	0.1%
AMG	B	0.75%	0.09%	0.09%
AMKR	D	0.48%	0.04%	0.04%
AN	C	0.4%	0.06%	0.06%
APA	D	0.66%	0.12%	0.12%
AR	B	0.32%	0.15%	0.15%
ARW	D	0.5%	0.09%	0.09%
ASH	D	0.38%	0.06%	0.06%
AVT	C	0.56%	0.07%	0.07%
AXS	A	0.47%	0.1%	0.1%
BBWI	D	0.57%	0.1%	0.1%
BC	C	0.41%	0.08%	0.08%
BERY	B	0.46%	0.12%	0.12%
BJ	A	0.15%	0.18%	0.15%
BOKF	B	0.32%	0.04%	0.04%
BPOP	B	0.14%	0.1%	0.1%
BWA	D	0.68%	0.11%	0.11%
BYD	C	0.48%	0.07%	0.07%
CHRD	D	0.72%	0.12%	0.12%
CIVI	D	0.74%	0.08%	0.08%
CLF	F	0.51%	0.09%	0.09%
CMA	A	0.33%	0.12%	0.12%
CNXC	F	0.53%	0.03%	0.03%
COLB	A	0.51%	0.1%	0.1%
COLM	B	0.29%	0.04%	0.04%
CRL	C	0.28%	0.15%	0.15%
CUZ	B	0.3%	0.07%	0.07%
CZR	F	0.13%	0.12%	0.12%
DAR	C	0.66%	0.1%	0.1%
DDS	B	0.65%	0.02%	0.02%
DINO	D	0.7%	0.1%	0.1%
DNB	B	0.15%	0.06%	0.06%
DXC	B	0.55%	0.06%	0.06%
FAF	A	0.14%	0.1%	0.1%
FBIN	D	0.12%	0.14%	0.12%
FHN	A	0.57%	0.17%	0.17%
FIVE	F	0.28%	0.07%	0.07%
FMC	D	0.61%	0.11%	0.11%
FNB	A	0.51%	0.09%	0.09%
G	B	0.66%	0.12%	0.12%
GL	B	0.45%	0.15%	0.15%
GXO	B	0.16%	0.11%	0.11%
HII	D	0.32%	0.12%	0.12%
HOG	D	0.62%	0.06%	0.06%
HSIC	B	0.15%	0.14%	0.14%
HST	C	0.57%	0.19%	0.19%
IAC	D	0.13%	0.05%	0.05%
IDA	A	0.33%	0.09%	0.09%
INGR	B	0.44%	0.14%	0.14%
IPG	D	0.25%	0.16%	0.16%
IVZ	B	0.14%	0.1%	0.1%
JAZZ	B	0.61%	0.12%	0.12%
JBL	B	0.46%	0.22%	0.22%
JEF	A	0.17%	0.2%	0.17%
JWN	C	0.29%	0.03%	0.03%
KNX	B	0.3%	0.13%	0.13%
KRC	C	0.57%	0.07%	0.07%
LAD	A	0.68%	0.16%	0.16%
LBRDK	C	0.65%	0.14%	0.14%
LEA	D	0.63%	0.08%	0.08%
LFUS	F	0.13%	0.09%	0.09%
LNC	B	0.64%	0.06%	0.06%
LPX	B	0.31%	0.11%	0.11%
LSTR	D	0.14%	0.1%	0.1%
M	D	0.56%	0.06%	0.06%
MAT	D	0.14%	0.09%	0.09%
MDU	D	0.55%	0.06%	0.06%
MIDD	C	0.29%	0.11%	0.11%
MOS	F	0.56%	0.13%	0.13%
MSM	C	0.28%	0.06%	0.06%
MTDR	B	0.86%	0.11%	0.11%
MTG	C	0.7%	0.1%	0.1%
MUSA	A	0.15%	0.15%	0.15%
NFE	D	0.71%	0.01%	0.01%
NFG	A	0.59%	0.09%	0.09%
NOV	C	0.72%	0.1%	0.1%
NXST	C	0.43%	0.08%	0.08%
OGE	B	0.46%	0.13%	0.13%
OGN	D	0.34%	0.06%	0.06%
OLN	D	0.37%	0.07%	0.07%
OMF	A	0.51%	0.09%	0.09%
ORI	A	0.31%	0.14%	0.14%
OSK	B	0.79%	0.11%	0.11%
OVV	B	0.85%	0.18%	0.18%
OZK	B	0.65%	0.08%	0.08%
PAG	B	0.43%	0.04%	0.04%
PB	A	0.33%	0.11%	0.11%
PFGC	B	0.15%	0.2%	0.15%
PII	D	0.35%	0.05%	0.05%
PNFP	B	0.18%	0.14%	0.14%
PNW	B	0.6%	0.16%	0.16%
POST	C	0.41%	0.08%	0.08%
PRGO	B	0.15%	0.05%	0.05%
PVH	C	0.72%	0.08%	0.08%
R	B	0.64%	0.1%	0.1%
REYN	D	0.26%	0.02%	0.02%
RHI	B	0.16%	0.11%	0.11%
RNR	C	0.69%	0.2%	0.2%
RRC	B	0.64%	0.13%	0.13%
RYN	D	0.14%	0.07%	0.07%
SEE	C	0.14%	0.06%	0.06%
SEIC	B	0.34%	0.12%	0.12%
SKX	D	0.26%	0.12%	0.12%
SLGN	A	0.3%	0.07%	0.07%
SLM	A	0.31%	0.08%	0.08%
SNX	C	0.42%	0.13%	0.13%
SON	D	0.4%	0.07%	0.07%
STWD	C	0.14%	0.09%	0.09%
THO	B	0.43%	0.08%	0.08%
TKR	D	0.26%	0.07%	0.07%
TPR	B	0.17%	0.19%	0.17%
TTC	D	0.14%	0.13%	0.13%
UGI	A	0.71%	0.08%	0.08%
UHAL	D	0.24%	0.09%	0.09%
UHAL	D	0.24%	0.01%	0.01%
UHS	D	0.5%	0.17%	0.17%
UNM	A	0.71%	0.18%	0.18%
VNT	B	0.32%	0.09%	0.09%
VOYA	B	0.15%	0.12%	0.12%
WAL	B	0.15%	0.15%	0.15%
WBS	A	0.56%	0.16%	0.16%
WCC	B	0.52%	0.14%	0.14%
WHR	B	0.45%	0.09%	0.09%
WTFC	A	0.35%	0.13%	0.13%
WTRG	B	0.29%	0.15%	0.15%
WU	D	0.39%	0.04%	0.04%
ZION	B	0.54%	0.13%	0.13%

FNK Overweight 91 Positions Relative to SMMD

Symbol	Grade	Weight
CNX	A	0.87%
NOG	A	0.84%
SM	B	0.81%
JXN	C	0.8%
HP	B	0.8%
TAP	C	0.78%
PTEN	C	0.78%
CMC	B	0.78%
HCC	B	0.76%
ATKR	C	0.75%
AMR	C	0.74%
PBF	D	0.73%
URBN	C	0.72%
MUR	D	0.71%
RDN	C	0.71%
TMHC	B	0.71%
TEX	D	0.71%
CADE	B	0.68%
LBRT	D	0.67%
RUSHA	C	0.66%
TPH	D	0.66%
MGY	A	0.65%
MHO	D	0.65%
CNO	A	0.64%
MTH	D	0.63%
MATX	C	0.63%
BEN	C	0.63%
ESNT	D	0.63%
GPI	A	0.61%
COOP	B	0.61%
EVRG	A	0.6%
BKH	A	0.6%
ADTN	A	0.6%
SR	A	0.59%
HRI	B	0.59%
OTTR	C	0.59%
GBDC	C	0.59%
ASO	F	0.58%
BCC	B	0.58%
SOLV	C	0.56%
POR	C	0.56%
SUM	B	0.54%
SIG	B	0.53%
KBH	D	0.52%
SANM	B	0.49%
VLY	B	0.49%
GMS	B	0.48%
ABG	B	0.47%
SWX	B	0.46%
OGS	A	0.45%
RIG	D	0.44%
ENS	D	0.41%
LKQ	D	0.41%
SJM	D	0.4%
EMN	D	0.4%
BECN	B	0.36%
AEO	F	0.35%
MLI	C	0.35%
UBSI	B	0.33%
HGV	B	0.33%
CRC	B	0.32%
ACA	A	0.32%
ABCB	B	0.32%
HWC	B	0.32%
PNM	F	0.31%
KFY	B	0.29%
ALKS	B	0.28%
UFPI	B	0.28%
ASGN	F	0.27%
WPC	D	0.26%
TNET	D	0.26%
MMS	F	0.25%
DIOD	D	0.24%
UMBF	B	0.17%
EPAM	C	0.17%
SSB	B	0.16%
FLR	B	0.16%
AUB	B	0.16%
UCB	A	0.16%
AVNT	B	0.15%
FELE	B	0.15%
WTS	B	0.15%
SKY	A	0.15%
NJR	A	0.15%
ALIT	C	0.15%
SEM	B	0.15%
FUL	F	0.14%
WD	D	0.14%
MGM	D	0.14%
NSP	D	0.12%
OPCH	D	0.1%

FNK Underweight 362 Positions Relative to SMMD

Symbol	Grade	Weight
IWM	B	-41.9%
SW	A	-0.43%
TPL	A	-0.42%
EQT	B	-0.41%
CVNA	B	-0.4%
EME	C	-0.37%
HOOD	B	-0.35%
EXE	B	-0.34%
PKG	A	-0.32%
LII	A	-0.31%
NRG	B	-0.3%
NTRA	B	-0.29%
FDS	B	-0.28%
SNA	A	-0.28%
TOST	B	-0.28%
WSO	A	-0.28%
RS	B	-0.27%
XPO	B	-0.26%
FIX	A	-0.26%
NTNX	A	-0.26%
RPM	A	-0.26%
PNR	A	-0.26%
EG	C	-0.25%
MANH	D	-0.25%
KIM	A	-0.25%
NI	A	-0.25%
OC	A	-0.25%
PSTG	D	-0.24%
AVY	D	-0.24%
UTHR	C	-0.24%
GEN	B	-0.24%
GWRE	A	-0.24%
RGA	A	-0.23%
ACM	A	-0.23%
AFRM	B	-0.23%
CASY	A	-0.23%
SOFI	A	-0.23%
DT	C	-0.23%
TOL	B	-0.23%
USFD	A	-0.23%
TXT	D	-0.23%
NDSN	B	-0.22%
SAIA	B	-0.22%
EWBC	A	-0.22%
GGG	B	-0.22%
COHR	B	-0.21%
CW	B	-0.21%
THC	D	-0.21%
FFIV	B	-0.21%
Z	A	-0.2%
GLPI	C	-0.2%
POOL	C	-0.2%
REG	B	-0.2%
NBIX	C	-0.19%
DUOL	A	-0.19%
JKHY	D	-0.19%
CPT	B	-0.19%
CHRW	C	-0.19%
BXP	D	-0.19%
AMH	D	-0.19%
CLH	B	-0.19%
TXRH	C	-0.19%
ITT	A	-0.19%
FTI	A	-0.19%
NVT	B	-0.19%
ELS	C	-0.19%
EQH	B	-0.18%
DAY	B	-0.18%
BWXT	B	-0.18%
JLL	D	-0.18%
SCI	B	-0.18%
ALLE	D	-0.18%
EVR	B	-0.17%
ATR	B	-0.17%
LAMR	D	-0.17%
FND	C	-0.17%
NWSA	B	-0.17%
DKS	C	-0.17%
NCLH	B	-0.17%
BLD	D	-0.17%
LECO	B	-0.17%
RRX	B	-0.17%
SF	B	-0.17%
JNPR	F	-0.17%
AA	B	-0.17%
CG	A	-0.17%
GME	C	-0.16%
PRI	A	-0.16%
WWD	B	-0.16%
CACI	D	-0.16%
PR	B	-0.16%
DTM	B	-0.16%
ARMK	B	-0.16%
CCK	C	-0.16%
TKO	B	-0.16%
GNRC	B	-0.16%
CTLT	B	-0.16%
TTEK	F	-0.16%
CUBE	D	-0.16%
KNSL	B	-0.16%
CAVA	B	-0.16%
TECH	D	-0.16%
EXAS	D	-0.15%
RGLD	C	-0.15%
MKTX	D	-0.15%
DOX	D	-0.15%
CIEN	B	-0.15%
EHC	B	-0.15%
AYI	B	-0.15%
CHDN	B	-0.15%
OHI	C	-0.15%
WING	D	-0.15%
BRBR	A	-0.15%
EXEL	B	-0.15%
HLI	B	-0.15%
SRPT	D	-0.15%
NLY	C	-0.15%
ALLY	C	-0.15%
EXP	A	-0.15%
ALSN	B	-0.15%
X	C	-0.14%
REXR	F	-0.14%
DCI	B	-0.14%
TPX	B	-0.14%
RBC	A	-0.14%
MORN	B	-0.14%
BILL	A	-0.14%
AAON	B	-0.14%
AAL	B	-0.14%
WYNN	D	-0.14%
GLOB	B	-0.14%
FRT	B	-0.14%
GMED	A	-0.14%
CFR	B	-0.13%
APG	B	-0.13%
CNM	D	-0.13%
LNW	D	-0.13%
FYBR	D	-0.13%
NYT	C	-0.13%
GPK	C	-0.13%
HAS	D	-0.13%
ROKU	D	-0.13%
CBSH	A	-0.13%
MEDP	D	-0.13%
PLNT	A	-0.13%
AOS	F	-0.13%
AXTA	A	-0.13%
ITCI	C	-0.13%
PEN	B	-0.13%
PCTY	B	-0.13%
MTZ	B	-0.13%
BRX	A	-0.13%
CR	A	-0.13%
TFX	F	-0.13%
WMS	D	-0.13%
S	B	-0.12%
ESTC	C	-0.12%
GTLB	B	-0.12%
OLED	D	-0.12%
RGEN	D	-0.12%
HRB	D	-0.12%
FLS	B	-0.12%
NNN	D	-0.12%
PCOR	B	-0.12%
ACI	C	-0.12%
KBR	F	-0.12%
MTCH	D	-0.12%
EGP	F	-0.12%
ONTO	D	-0.12%
SNV	B	-0.12%
RIVN	F	-0.12%
DVA	B	-0.12%
CHE	D	-0.12%
RL	B	-0.12%
LSCC	D	-0.11%
ATI	D	-0.11%
ESAB	B	-0.11%
MHK	D	-0.11%
AZEK	A	-0.11%
AGNC	D	-0.11%
MASI	A	-0.11%
VNO	B	-0.11%
FRPT	B	-0.11%
RYAN	B	-0.11%
MTSI	B	-0.11%
WH	B	-0.11%
RLI	B	-0.11%
CART	C	-0.11%
WEX	D	-0.11%
KD	B	-0.11%
KEX	C	-0.11%
SMAR	A	-0.11%
COKE	C	-0.11%
CFLT	B	-0.11%
MKSI	C	-0.11%
TREX	C	-0.11%
ADC	B	-0.11%
SSD	D	-0.11%
BFAM	D	-0.1%
SAIC	F	-0.1%
QRVO	F	-0.1%
SITE	D	-0.1%
ESI	A	-0.1%
COLD	D	-0.1%
STAG	F	-0.1%
WSC	D	-0.1%
ELF	C	-0.1%
PARA	C	-0.1%
VFC	C	-0.1%
ELAN	D	-0.1%
DBX	B	-0.1%
SN	D	-0.1%
AZPN	A	-0.1%
FOUR	B	-0.1%
BSY	D	-0.1%
U	C	-0.1%
VMI	B	-0.1%
CGNX	C	-0.1%
HR	C	-0.1%
AWI	A	-0.1%
MTN	C	-0.1%
H	B	-0.1%
GNTX	C	-0.1%
FCN	D	-0.1%
FR	C	-0.1%
LITE	B	-0.09%
THG	A	-0.09%
JHG	A	-0.09%
DOCS	C	-0.09%
TPG	A	-0.09%
LYFT	C	-0.09%
CROX	D	-0.09%
PATH	C	-0.09%
ETSY	D	-0.09%
BRKR	D	-0.09%
WFRD	D	-0.09%
BIO	D	-0.09%
LAZ	B	-0.09%
MSA	D	-0.09%
RH	B	-0.08%
CELH	F	-0.08%
IONS	F	-0.08%
AM	A	-0.08%
APPF	B	-0.08%
VKTX	F	-0.08%
INSP	D	-0.08%
VNOM	A	-0.08%
CRUS	D	-0.08%
CCCS	B	-0.08%
RITM	C	-0.08%
OLLI	D	-0.08%
BROS	B	-0.08%
KMPR	B	-0.07%
GAP	C	-0.07%
EEFT	B	-0.07%
PSN	D	-0.07%
ST	F	-0.07%
DLB	B	-0.07%
LOPE	B	-0.07%
HCP	B	-0.07%
HXL	D	-0.07%
WTM	A	-0.07%
VVV	F	-0.07%
ROIV	C	-0.07%
NEU	C	-0.06%
NWL	B	-0.06%
NWS	B	-0.06%
NVST	B	-0.06%
XRAY	F	-0.06%
ZG	A	-0.06%
GTES	A	-0.06%
W	F	-0.06%
PEGA	A	-0.06%
RARE	D	-0.06%
FLO	D	-0.06%
CHH	A	-0.06%
MSGS	A	-0.06%
NSA	D	-0.05%
PENN	C	-0.05%
PK	B	-0.05%
CC	C	-0.05%
VIRT	B	-0.05%
WEN	D	-0.05%
BHF	B	-0.05%
HUN	F	-0.05%
VAC	B	-0.05%
SMG	D	-0.05%
ZI	D	-0.05%
ECG	C	-0.05%
YETI	C	-0.05%
LLYVK	A	-0.05%
IRDM	D	-0.05%
HIW	D	-0.05%
NCNO	B	-0.05%
EPR	D	-0.05%
FHB	A	-0.05%
ACHC	F	-0.05%
TNL	A	-0.05%
SPR	D	-0.05%
AZTA	D	-0.04%
MP	B	-0.04%
SPB	C	-0.04%
MPW	F	-0.04%
ALGM	D	-0.04%
ENOV	C	-0.04%
HHH	B	-0.04%
COTY	F	-0.04%
SAM	C	-0.04%
FIVN	C	-0.04%
CXT	B	-0.04%
RNG	B	-0.04%
AMED	F	-0.04%
CACC	D	-0.04%
DV	C	-0.04%
MAN	D	-0.04%
APLS	D	-0.04%
TDC	D	-0.04%
CAR	C	-0.03%
UAA	C	-0.03%
FTRE	D	-0.03%
DJT	C	-0.03%
KSS	F	-0.03%
QS	F	-0.03%
GO	C	-0.03%
BIRK	D	-0.03%
SHC	F	-0.03%
CRI	D	-0.03%
LCID	F	-0.03%
QDEL	F	-0.03%
VSTS	C	-0.03%
IPGP	D	-0.03%
CLVT	F	-0.03%
INFA	D	-0.03%
PPC	C	-0.03%
LBTYK	A	-0.03%
ADT	C	-0.03%
LBTYA	B	-0.03%
CPRI	F	-0.03%
ALAB	B	-0.03%
HAYW	B	-0.03%
CWEN	C	-0.03%
PINC	B	-0.03%
CERT	F	-0.02%
PYCR	C	-0.02%
AS	B	-0.02%
TXG	F	-0.02%
LBRDA	C	-0.02%
LLYVA	A	-0.02%
TRIP	F	-0.02%
SNDR	B	-0.02%
UI	A	-0.02%
LEG	F	-0.02%
UA	C	-0.02%
PLTK	B	-0.01%
UWMC	D	-0.01%
SEB	F	-0.01%
TFSL	A	-0.01%
WOLF	F	-0.01%
CWEN	C	-0.01%
LOAR	A	-0.01%
PARAA	B	-0.0%
SEG	B	-0.0%