FNX vs SPY
Comparison between FIRST TRUST MID CAP CORE ALPHADEX FUND (FNX, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed FNX, delivering a return of +13.3% compared to +8.1%
FNX vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FNX
$1.20B
Winner
SPY
$652B
Expense Ratio
FNX
0.62%
Winner
SPY
0.09%
Max Drawdown
FNX
57.59%
Winner
SPY
56.47%
Sharpe Ratio
FNX
1.51
Winner
SPY
2.07
5Y Beta
Winner
FNX
0.99
SPY
1.00
P/E Ratio
Winner
FNX
20.56
SPY
28.24
Forward P/E
Winner
FNX
15.14
SPY
21.85
5Y Dividends CAGR
Winner
FNX
10.14%
SPY
5.43%
5Y EPS CAGR
FNX
13.57%
Winner
SPY
25.79%
Debt to Equity
FNX
75.28%
Winner
SPY
22.35%
P/S Ratio
Winner
FNX
1.36
SPY
3.55
P/B Ratio
Winner
FNX
2.28
SPY
5.29
FNX vs SPY - Holdings Comparison
FNX and SPY have 46 common holdings. Overlap is 0.75%
FNX's top 25 holdings weight is 10.39%. SPY's top 25 holdings weight is 51.32%.
| Rank | FNX | SPY |
|---|---|---|
| #1 | SANMINA CORP (SANM) - 0.58% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | VICOR CORP (VICR) - 0.54% | APPLE INC (AAPL) - 6.48% |
| #3 | TTM TECHNOLOGIES INC (TTMI) - 0.49% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | VIAVI SOLUTIONS INC (VIAV) - 0.45% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | IES HOLDINGS INC (IESC) - 0.44% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | VIASAT INC (VSAT) - 0.44% | BROADCOM INC (AVGO) - 3.09% |
| #7 | PLANET LABS PBC CLASS A (PL) - 0.43% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | KILROY REALTY CORP (KRC) - 0.42% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | DYCOM INDUSTRIES INC (DY) - 0.41% | TESLA INC (TSLA) - 1.73% |
| #10 | FIRST AMERICAN FINANCIAL CORP (FAF) - 0.41% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | PRIMORIS SERVICES CORP (PRIM) - 0.41% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | ENERSYS (ENS) - 0.41% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | EVERUS CONSTRUCTION GROUP INC (ECG) - 0.40% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | TERAWULF INC (WULF) - 0.40% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | ADVANCED ENERGY INDUSTRIES INC (AEIS) - 0.40% | WALMART INC (WMT) - 0.91% |
| #16 | VORNADO REALTY TRUST (VNO) - 0.40% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | STERLING INFRASTRUCTURE INC (STRL) - 0.40% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | VICTORY CAPITAL HOLDINGS INC CLASS A (VCTR) - 0.40% | VISA INC CLASS A (V) - 0.85% |
| #19 | ESCO TECHNOLOGIES INC (ESE) - 0.39% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | FIRSTCASH HOLDINGS INC (FCFS) - 0.39% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | RITHM CAPITAL CORP (RITM) - 0.36% | INTEL CORP (INTC) - 0.65% |
| #22 | LEAR CORP (LEA) - 0.36% | NETFLIX INC (NFLX) - 0.64% |
| #23 | n/a (MSGS) - 0.36% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | MIRUM PHARMACEUTICALS INC (MIRM) - 0.35% | CHEVRON CORP (CVX) - 0.58% |
| #25 | HF SINCLAIR CORP (DINO) - 0.35% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 413 | 505 |
FNX vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
FNX
+4.44%
Winner
SPY
+9.11%
3M
FNX
+1.34%
Winner
SPY
+6.59%
6M
Winner
FNX
+13.58%
SPY
+10.56%
1Y
FNX
+29.25%
Winner
SPY
+32.04%
5Y(CAGR)
FNX
+8.15%
Winner
SPY
+13.35%
10Y(CAGR)
FNX
+12.12%
Winner
SPY
+15.49%
Max(CAGR)
Winner
FNX
+9.50%
SPY
+8.50%
FNX vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | FNX | SPY |
|---|---|---|
| 2026 | +9.19% | +8.27% |
| 2025 | +9.83% | +18.00% |
| 2024 | +13.03% | +25.59% |
| 2023 | +20.86% | +26.72% |
| 2022 | -13.85% | -18.64% |
| 2021 | +26.76% | +30.52% |
| 2020 | +15.89% | +17.28% |
| 2019 | +26.99% | +31.09% |
| 2018 | -12.04% | -5.24% |
| 2017 | +16.73% | +20.78% |
| 2016 | +20.39% | +13.59% |
| 2015 | -7.69% | +1.31% |
| 2014 | +6.78% | +14.56% |
| 2013 | +33.72% | +29.00% |
| 2012 | +13.35% | +14.17% |
| 2011 | -0.60% | +0.85% |
| 2010 | +24.45% | +13.14% |
| 2009 | +46.81% | +22.67% |
| 2008 | -35.29% | -36.25% |
| 2007 | -5.40% | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
FNX vs SPY Drawdown Comparison
The maximum drawdown for FNX was -57.11%, occurring on Mar 6, 2009. Recovery took 701 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current FNX drawdown is -1.03%.
| Rank | FNX | SPY |
|---|---|---|
| #1 | -57.11% Jul 12, 2007 - Apr 23, 2010 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -43.95% Feb 20, 2020 - Nov 9, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -26.45% Jul 7, 2011 - Mar 13, 2012 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -25.51% Aug 29, 2018 - Dec 16, 2019 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -24.96% Nov 25, 2024 - Sep 11, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -24.43% Nov 8, 2021 - Dec 19, 2023 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -23.73% Apr 15, 2015 - Nov 21, 2016 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -18.35% Apr 23, 2010 - Nov 4, 2010 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -13.12% Mar 26, 2012 - Sep 14, 2012 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -12.70% Jul 1, 2014 - Dec 29, 2014 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -9.48% Jan 23, 2018 - Jun 5, 2018 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -9.24% Feb 10, 2026 - Apr 17, 2026 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -8.23% Sep 14, 2012 - Dec 18, 2012 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -8.07% Apr 29, 2011 - Jul 7, 2011 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -8.02% Jul 31, 2024 - Sep 19, 2024 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between FNX and SPY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (1999 - 2026)
FNX vs SPY dividend yield comparison.
| Year | FNX | SPY |
|---|---|---|
| 2026 | 0.23% | 0.24% |
| 2025 | 0.88% | 1.07% |
| 2024 | 1.26% | 1.21% |
| 2023 | 1.11% | 1.40% |
| 2022 | 1.19% | 1.65% |
| 2021 | 0.94% | 1.20% |
| 2020 | 1.04% | 1.52% |
| 2019 | 1.21% | 1.75% |
| 2018 | 1.01% | 2.04% |
| 2017 | 0.90% | 1.80% |
| 2016 | 1.07% | 2.03% |
| 2015 | 1.07% | 2.06% |
| 2014 | 0.77% | 1.87% |
| 2013 | 0.69% | 1.81% |
| 2012 | 1.46% | 2.18% |
| 2011 | 0.51% | 2.05% |
| 2010 | 0.45% | 1.80% |
| 2009 | 0.75% | 1.95% |
| 2008 | 0.92% | 3.02% |
| 2007 | 0.28% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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