FYX: Not Among The Best Small Cap ETFs

2025-05-22 11:48:21 ET

Summary

• The First Trust Small Cap Core AlphaDEX Fund has a strategy mixing growth and value styles in small caps.
• FYX is well-diversified in 525 stocks, with moderate value characteristics, low yield and impressive dividend growth.
• Despite outperforming a small-cap benchmark recently, FYX has lagged behind it since inception.
• FSMD and SMLF are more attractive multi-factor small cap ETFs due to stronger returns, lower fees, and lower exposure in financials.

FYX strategy

The First Trust Small Cap Core AlphaDEX Fund was launched on 5/8/2007 and tracks the Nasdaq AlphaDEX® Small Cap Core™ Index. FYX has 525 holdings, a 30-day SEC yield of 1.43% and an expense ratio of 0.61%....

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