FNK vs. FFSM ETF Comparison

Comparison of First Trust Mid Cap Value AlphaDEX Fund (FNK) to Fidelity Fundamental Small-Mid Cap ETF (FFSM)

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

$54.42

Average Daily Volume

10,956

Number of Holdings ^*

223

* may have additional holdings in another (foreign) market

FFSM

Fidelity Fundamental Small-Mid Cap ETF

FFSM Description

FFSM discloses holdings only on a monthly basis with a 30-day lag. The fund actively selects global mid- and small-cap companies with both growth and value factors. The portfolio is selected using fundamental and quantitative analysis, considering factors such as issuer's financial health and industry position, as well as the overall economic condition. The fund has a Tracking Basket Structure in place, which acts as a proxy portfolio that includes some of the funds holdings from recent disclosure, significant portion of the funds holdings, and cash. This is designed to track the funds daily performance, facilitate arbitrage opportunities and help mitigate the risk of front-running. However, investors should note that its non-transparent structure could result in wider spreads. Before February 26, 2024, the fund traded as Fidelity Small-Mid Cap Opportunities ETF under the ticker FSMO.

Grade (RS Rating)

Last Trade

$27.39

Average Daily Volume

27,066

Number of Holdings ^*

169

* may have additional holdings in another (foreign) market

Performance

Period	FNK	FFSM
30 Days	0.98%	1.83%
60 Days	-0.57%	2.56%
90 Days	7.12%	8.77%
12 Months	23.77%	29.68%

46 Overlapping Holdings

Symbol	Grade	Weight in FNK	Weight in FFSM	Overlap
AAP	F	0.09%	0.25%	0.09%
AFG	C	0.15%	0.48%	0.15%
AIZ	B	0.33%	0.8%	0.33%
AR	C	0.12%	1.29%	0.12%
ASGN	D	0.3%	0.67%	0.3%
ASO	D	0.79%	0.53%	0.53%
ATKR	F	0.35%	0.61%	0.35%
AYI	B	0.31%	0.75%	0.31%
BC	C	0.47%	0.75%	0.47%
BECN	F	0.26%	0.73%	0.26%
BJ	D	0.13%	1.32%	0.13%
BOKF	C	0.32%	0.46%	0.32%
CACC	F	0.13%	0.4%	0.13%
CACI	B	0.16%	0.99%	0.16%
CADE	C	0.63%	0.63%	0.63%
CMC	D	0.54%	0.66%	0.54%
CNXC	F	0.7%	0.4%	0.4%
CROX	C	0.27%	1.15%	0.27%
DKS	D	0.28%	0.88%	0.28%
ESGR	D	0.73%	0.34%	0.34%
FAF	B	0.33%	0.71%	0.33%
G	C	0.67%	0.6%	0.6%
GMS	C	0.63%	0.35%	0.35%
HLI	C	0.17%	0.68%	0.17%
IP	C	0.16%	0.35%	0.16%
JLL	B	0.18%	1.03%	0.18%
KBH	C	0.87%	0.65%	0.65%
LBRT	F	0.7%	0.76%	0.7%
LEA	D	0.53%	0.35%	0.35%
LPX	B	0.36%	0.61%	0.36%
MMS	B	0.15%	0.61%	0.15%
NOG	F	0.69%	0.37%	0.37%
NXST	D	0.42%	0.86%	0.42%
OLN	D	0.39%	0.43%	0.39%
ORI	B	0.32%	0.95%	0.32%
PNFP	C	0.52%	0.72%	0.52%
PVH	D	0.64%	0.52%	0.52%
RGA	C	0.15%	0.8%	0.15%
RUSHA	C	0.87%	0.35%	0.35%
SNV	D	0.15%	0.74%	0.15%
SNX	C	0.29%	0.95%	0.29%
TEX	F	0.66%	0.52%	0.52%
UHS	C	0.72%	1.42%	0.72%
USFD	C	0.16%	1.05%	0.16%
WBS	C	0.6%	0.61%	0.6%
WTFC	C	0.46%	0.52%	0.46%

FNK Overweight 177 Positions Relative to FFSM

Symbol	Grade	Weight
MHO	B	0.97%
GPI	B	0.89%
TMHC	B	0.88%
MTH	C	0.88%
JXN	B	0.85%
LAD	B	0.84%
MTG	B	0.83%
RNR	B	0.82%
HOG	C	0.8%
RDN	D	0.79%
AMG	C	0.79%
ESNT	B	0.79%
FMC	B	0.77%
LBRDK	C	0.77%
FYBR	C	0.76%
SIG	C	0.76%
TAP	D	0.75%
BTU	C	0.74%
AGO	D	0.73%
COLB	B	0.72%
VLY	D	0.72%
SEB	D	0.71%
KRC	C	0.71%
THC	C	0.7%
BCC	C	0.69%
DAR	F	0.69%
SM	F	0.68%
CHK	C	0.68%
AGCO	D	0.67%
TPH	C	0.67%
PNW	C	0.66%
R	C	0.66%
AL	C	0.66%
WTM	F	0.66%
OGS	B	0.65%
BYD	C	0.65%
EVRG	B	0.65%
NFG	B	0.63%
BKH	B	0.63%
COOP	C	0.63%
UNM	B	0.63%
HP	F	0.63%
AN	C	0.62%
POR	B	0.62%
CVI	F	0.61%
ARW	B	0.61%
MOS	F	0.61%
DXC	D	0.61%
OVV	F	0.61%
NOV	F	0.61%
MTDR	F	0.61%
MDU	B	0.61%
DINO	F	0.6%
MUR	F	0.6%
MATX	B	0.59%
BWA	C	0.59%
MGY	D	0.58%
AVT	B	0.57%
PTEN	F	0.57%
LNC	C	0.57%
WAL	B	0.57%
OZK	F	0.57%
ABG	D	0.56%
GL	D	0.55%
CLF	F	0.54%
CUZ	C	0.54%
MLI	B	0.53%
OGN	D	0.53%
ADTN	C	0.53%
OSK	F	0.52%
NI	B	0.5%
URBN	F	0.5%
UFPI	C	0.49%
ALLY	F	0.48%
PBF	F	0.48%
OGE	B	0.48%
BERY	B	0.48%
APA	F	0.48%
EWBC	C	0.47%
NRG	B	0.47%
EMN	B	0.46%
ONB	D	0.46%
THO	C	0.46%
AXS	B	0.46%
UTHR	B	0.46%
PAG	D	0.45%
SON	D	0.45%
AGNC	B	0.45%
HII	F	0.45%
CHRD	F	0.45%
KNX	C	0.44%
PII	D	0.44%
WCC	C	0.44%
JAZZ	D	0.43%
ALK	B	0.43%
FNB	D	0.43%
TKR	C	0.43%
SANM	D	0.43%
CZR	C	0.43%
OMF	D	0.42%
AEO	D	0.42%
WU	C	0.41%
VAL	F	0.41%
FHN	D	0.41%
ASH	F	0.39%
RRC	D	0.39%
DDS	D	0.36%
UMBF	C	0.36%
SSB	C	0.36%
DNB	D	0.35%
IPGP	D	0.35%
ABCB	C	0.35%
GAP	F	0.35%
SLGN	B	0.34%
SAIC	C	0.33%
CMA	C	0.33%
PB	D	0.33%
M	F	0.33%
LNT	A	0.33%
HOMB	D	0.32%
IAC	C	0.32%
MIDD	C	0.32%
UBSI	D	0.32%
BBWI	D	0.32%
NJR	C	0.31%
IDA	B	0.31%
REYN	C	0.31%
DTM	C	0.31%
SEIC	B	0.3%
GT	F	0.3%
UGI	B	0.3%
HWC	D	0.3%
ZION	D	0.3%
RYN	C	0.3%
PRGO	F	0.29%
SWX	C	0.29%
SLM	C	0.29%
WHR	C	0.28%
COLM	C	0.28%
WTRG	D	0.28%
ENS	C	0.27%
HGV	F	0.26%
SKX	C	0.25%
RIG	F	0.24%
CAR	D	0.23%
AMKR	F	0.22%
VNO	B	0.21%
SKY	B	0.19%
CCK	B	0.18%
JEF	C	0.17%
HSIC	C	0.16%
BPOP	C	0.16%
BXMT	C	0.16%
IVZ	B	0.16%
PCH	C	0.16%
NVST	D	0.16%
TFX	B	0.16%
MAT	D	0.16%
FUL	D	0.15%
SUM	D	0.15%
RHI	D	0.15%
EHC	B	0.15%
VOYA	B	0.15%
AVNT	B	0.15%
NEOG	D	0.15%
CRUS	D	0.14%
SIGI	D	0.14%
LSTR	D	0.14%
PARA	D	0.14%
SEM	D	0.14%
BHF	F	0.14%
SEE	C	0.14%
LFUS	C	0.14%
GXO	D	0.14%
KEX	C	0.14%
LANC	F	0.13%
KWR	D	0.13%

FNK Underweight 123 Positions Relative to FFSM

Symbol	Grade	Weight
FTI	D	-1.66%
EME	B	-1.59%
TPX	B	-1.43%
MUSA	D	-1.42%
AZO	B	-1.41%
ACGL	B	-1.25%
ITT	B	-1.15%
FN	C	-1.14%
MOH	D	-1.11%
NSIT	C	-1.09%
WHD	D	-1.07%
TMDX	C	-1.07%
EXP	B	-1.06%
CR	B	-1.05%
PFGC	B	-1.03%
RRX	C	-0.99%
LNG	D	-0.94%
DFS	C	-0.93%
DOX	C	-0.93%
VRT	C	-0.91%
AIT	B	-0.86%
STX	B	-0.79%
SN	B	-0.79%
AME	C	-0.76%
AEIS	D	-0.74%
GPK	C	-0.73%
BOOT	B	-0.73%
FCNCA	D	-0.73%
ALSN	B	-0.72%
VNT	F	-0.7%
PCG	C	-0.68%
ON	D	-0.67%
MEDP	F	-0.66%
VTR	C	-0.66%
FSS	D	-0.66%
CRL	F	-0.65%
TGLS	B	-0.65%
LPLA	D	-0.64%
XPO	D	-0.61%
STLD	C	-0.6%
PRI	B	-0.59%
CHDN	D	-0.58%
HOLX	D	-0.58%
CNM	F	-0.58%
AES	C	-0.58%
ACM	B	-0.58%
CC	D	-0.57%
ESI	C	-0.56%
KBR	D	-0.56%
BCO	B	-0.54%
CBT	B	-0.54%
MTSI	C	-0.53%
CIEN	B	-0.53%
EBC	C	-0.52%
CAH	C	-0.52%
TENB	F	-0.51%
SF	B	-0.51%
HAYW	C	-0.5%
NOMD	C	-0.49%
CWK	B	-0.49%
EPRT	B	-0.49%
RJF	C	-0.48%
AMN	F	-0.44%
AXTA	B	-0.43%
EAT	C	-0.41%
FIBK	C	-0.41%
CHX	F	-0.4%
ARGX	B	-0.39%
LW	D	-0.38%
LITE	B	-0.37%
FBP	C	-0.36%
PRCT	C	-0.35%
GTES	C	-0.35%
ARCB	D	-0.35%
FROG	F	-0.33%
DIOD	F	-0.33%
AZZ	C	-0.33%
MASI	C	-0.31%
MTB	C	-0.3%
WIX	C	-0.3%
FLEX	B	-0.3%
IBTX	C	-0.3%
GVA	B	-0.3%
LAUR	C	-0.29%
DOOO	F	-0.29%
COMP	C	-0.29%
LCII	C	-0.29%
ALGM	D	-0.25%
PCVX	C	-0.22%
RGEN	F	-0.22%
MDGL	F	-0.21%
KFRC	F	-0.21%
CRNX	D	-0.2%
CYTK	F	-0.2%
XPRO	F	-0.19%
PATK	C	-0.18%
OMI	D	-0.16%
NUVL	D	-0.14%
CSTM	D	-0.14%
VCEL	F	-0.14%
ACLX	C	-0.14%
ICLR	F	-0.12%
CLDX	F	-0.12%
VRDN	B	-0.11%
HELE	D	-0.11%
ANAB	D	-0.11%
LBPH	D	-0.1%
AUTL	F	-0.1%
AXSM	C	-0.1%
EWTX	C	-0.1%
TCBK	D	-0.09%
XENE	F	-0.09%
MRUS	D	-0.08%
PBH	C	-0.06%
ARVN	F	-0.05%
KROS	C	-0.02%
TXG	D	-0.02%
MORF	A	-0.0%
INSM	D	-0.0%
ALXO	F	-0.0%
ICHR	D	-0.0%
OI	D	-0.0%
ZNTL	D	-0.0%