FNX vs MSML
First Trust Mid Cap Core AlphaDEX Fund against iShares MSCI USA Small-Cap ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
46%
435 shared positions
Fee gap
58 bp
MSML is cheaper
1-year return gap
—
Larger fund
FNX
$1.3B
Side by side
| FNX | MSML | |
|---|---|---|
| Fund | First Trust Mid Cap Core AlphaDEX Fund | iShares MSCI USA Small-Cap ETF |
| Issuer | First Trust | iShares |
| Category | Multi-Factor | Small Cap Blend |
| Expense ratio | 0.62% | 0.04% |
| Assets | $1.3B | $274M |
| Average daily dollar volume | $1.6M | $455K |
| Listed | May 8, 2007 | Oct 5, 2026 |
| FrenzyCap score | 52 | 65 |
| 1-month return | −2.9% | — |
| 3-month return | −3.5% | — |
| Year to date | +8.8% | — |
| 1-year return | +8.2% | — |
| 30-day volatility | 11.1% | — |
| Worst drawdown, 1 year | −9.4% | −1.7% |
| Trailing 12-month yield | 1.01% | — |
| Holdings | 452 | 1,554 |
| Top 10 weight | 5.0% | 4.0% |
| Look-through P/E | 18.8 | 40.9 |
| Holdings vs fair value | +16.6% | +14.6% |
| Holdings above 200-day average | 37% | 43% |
| Net flow, latest 3 reported months | +$2.3M thru Jul 2026 | −$17K thru Jul 2026 |
| 30-day implied volatility | 16.2% | — |
| Holdings as of | as of Apr 30, 2026SEC filing | as of Apr 30, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
98% of FNX · 52% of MSML| Holding | FNX | MSML |
|---|---|---|
| OVV | 0.35% | 0.29% |
| SNX | 0.28% | 0.29% |
| AA | 0.26% | 0.27% |
| CF | 0.26% | 0.32% |
| STRL | 0.43% | 0.26% |
| EVEREST GROUP LTD | 0.37% | 0.25% |
| MLI | 0.25% | 0.24% |
| TTMI | 0.56% | 0.24% |
| HST | 0.30% | 0.24% |
| APA | 0.33% | 0.24% |
| ONTO | 0.29% | 0.24% |
| AEIS | 0.41% | 0.24% |
| DTM | 0.30% | 0.24% |
| PR | 0.35% | 0.24% |
| RL | 0.28% | 0.23% |
| TOL | 0.36% | 0.22% |
| RENAISSANCERE HOLDINGS LTD | 0.35% | 0.22% |
| LECO | 0.22% | 0.24% |
| RGA | 0.21% | 0.23% |
| FIVE | 0.35% | 0.21% |
| MOD | 0.40% | 0.21% |
| HAS | 0.28% | 0.21% |
| GL | 0.30% | 0.20% |
| PNW | 0.21% | 0.20% |
| NYT | 0.26% | 0.20% |
Sector mix of the stock holdings
| Sector | FNX | MSML | Gap |
|---|---|---|---|
| Industrials | 18.4% | 18.6% | −0.2% |
| Financials | 15.6% | 14.6% | +1.0% |
| Technology | 11.1% | 13.4% | −2.3% |
| Consumer Discretionary | 13.8% | 10.2% | +3.6% |
| Health Care | 8.8% | 11.6% | −2.8% |
| Real Estate | 7.0% | 8.0% | −1.1% |
| Materials | 6.8% | 7.3% | −0.4% |
| Energy | 4.7% | 3.1% | +1.6% |
| Utilities | 3.9% | 3.4% | +0.5% |
| Consumer Staples | 2.9% | 2.6% | +0.3% |
| Communication Services | 2.4% | 1.9% | +0.4% |
| Other | 0.6% | 0.4% | +0.2% |
More: full overlap table · FNX holdings · MSML holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.