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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 +13.0% compared to +9.2%

FNX vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
FNX
$1.40B
Winner
SPY
$781B
Expense Ratio
FNX
0.62%
Winner
SPY
0.09%
Max Drawdown
FNX
57.59%
Winner
SPY
56.47%
Sharpe Ratio
FNX
1.09
Winner
SPY
1.34
5Y Beta
Winner
FNX
0.98
SPY
1.00
P/E Ratio
Winner
FNX
20.14
SPY
28.84
Forward P/E
Winner
FNX
14.98
SPY
21.59
5Y Dividends CAGR
Winner
FNX
8.48%
SPY
6.00%
5Y EPS CAGR
FNX
13.40%
Winner
SPY
25.26%
Debt to Equity
FNX
35.84%
Winner
SPY
31.47%
P/S Ratio
Winner
FNX
1.31
SPY
3.85
P/B Ratio
Winner
FNX
2.24
SPY
5.70

FNX vs SPY - Holdings Comparison

FNX and SPY have 45 common holdings. Overlap is 0.79%

FNX's top 25 holdings weight is 12.53%. SPY's top 25 holdings weight is 51.08%.

RankFNXSPY
#1
VICOR CORP (VICR) - 0.76%
NVIDIA CORP (NVDA) - 7.50%
#2
STERLING INFRASTRUCTURE INC (STRL) - 0.67%
APPLE INC (AAPL) - 6.58%
#3
VIASAT INC (VSAT) - 0.64%
MICROSOFT CORP (MSFT) - 4.29%
#4
SANMINA CORP (SANM) - 0.63%
AMAZON.COM INC (AMZN) - 3.61%
#5
TTM TECHNOLOGIES INC (TTMI) - 0.62%
ALPHABET INC CLASS A (GOOGL) - 3.24%
#6
DIGITALOCEAN HOLDINGS INC (DOCN) - 0.59%
BROADCOM INC (AVGO) - 2.77%
#7
BRIGHTSPRING HEALTH SERVICES INC (BTSG) - 0.53%
ALPHABET INC CLASS C (GOOG) - 2.58%
#8
IES HOLDINGS INC (IESC) - 0.50%
MICRON TECHNOLOGY INC (MU) - 2.01%
#9
VORNADO REALTY TRUST (VNO) - 0.49%
META PLATFORMS INC CLASS A (META) - 1.91%
#10
DYCOM INDUSTRIES INC (DY) - 0.48%
TESLA INC (TSLA) - 1.83%
#11
VICTORIA'S SECRET & CO (VSXY) - 0.47%
ADVANCED MICRO DEVICES INC (AMD) - 1.47%
#12
MOOG INC CLASS A (MOG-A) - 0.47%
ELI LILLY AND CO (LLY) - 1.47%
#13
EVERUS CONSTRUCTION GROUP INC (ECG) - 0.46%
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.42%
#14
ENOVA INTERNATIONAL INC (ENVA) - 0.46%
JPMORGAN CHASE & CO (JPM) - 1.36%
#15
VIAVI SOLUTIONS INC (VIAV) - 0.46%
INTEL CORP (INTC) - 1.02%
#16
TERAWULF INC (WULF) - 0.44%
JOHNSON & JOHNSON (JNJ) - 0.95%
#17
MERITAGE HOMES CORP (MTH) - 0.44%
APPLIED MATERIALS INC (AMAT) - 0.89%
#18
ENERSYS (ENS) - 0.44%
VISA INC CLASS A (V) - 0.88%
#19
KILROY REALTY CORP (KRC) - 0.43%
EXXON MOBIL CORP (XOM) - 0.88%
#20
ALLEGRO MICROSYSTEMS INC ORDINARY SHARES (ALGM) - 0.43%
LAM RESEARCH CORP (LRCX) - 0.84%
#21
FORMFACTOR INC (FORM) - 0.43%
WALMART INC (WMT) - 0.77%
#22
PACS GROUP INC (PACS) - 0.43%
CATERPILLAR INC (CAT) - 0.76%
#23
VICTORY CAPITAL HOLDINGS INC CLASS A (VCTR) - 0.42%
CISCO SYSTEMS INC (CSCO) - 0.72%
#24
SITIME CORP ORDINARY SHARES (SITM) - 0.42%
ABBVIE INC (ABBV) - 0.69%
#25
MACY'S INC (M) - 0.42%
COSTCO WHOLESALE CORP (COST) - 0.64%
Total Holdings451502

FNX vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
FNX
-0.72%
Winner
SPY
-0.14%
3M
FNX
+5.68%
Winner
SPY
+8.54%
6M
FNX
+7.28%
Winner
SPY
+9.48%
1Y
Winner
FNX
+21.90%
SPY
+21.66%
5Y(CAGR)
FNX
+9.17%
Winner
SPY
+13.03%
10Y(CAGR)
FNX
+11.81%
Winner
SPY
+15.12%
Max(CAGR)
Winner
FNX
+9.55%
SPY
+8.52%

FNX vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearFNXSPY
2026+11.89%+10.64%
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%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/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 -2.69%. The current SPY drawdown is -0.77%.

RankFNXSPY
#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.

YearFNXSPY
20260.41%0.49%
20250.88%1.07%
20241.26%1.21%
20231.11%1.40%
20221.19%1.65%
20210.94%1.20%
20201.04%1.52%
20191.21%1.75%
20181.01%2.04%
20170.90%1.80%
20161.07%2.03%
20151.07%2.06%
20140.77%1.87%
20130.69%1.81%
20121.46%2.18%
20110.51%2.05%
20100.45%1.80%
20090.75%1.95%
20080.92%3.02%
20070.28%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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