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QQEW vs FNK

First Trust Nasdaq-100 Select Equal Weight ETF vs First Trust Mid Cap Value AlphaDEX Fund

QQEW

First Trust Nasdaq-100 Select Equal Weight ETF

First Trust

Annual cost

0.55%

Fund size

$1.6B

FNK

First Trust Mid Cap Value AlphaDEX Fund

First Trust

Annual cost

0.74%

Fund size

$217M

Key differences

  • QQEW costs 0.19% less per year.
  • QQEW is significantly larger than FNK — larger funds tend to be more liquid and less likely to close.
  • Over the last 3 years, QQEW has delivered higher annualized returns.
  • QQEW has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

QQEWFNK
Annual cost (TER)0.55%0.74%
Fund size (AUM)$1.6B$217M
Since20062011
Dividend yield0.32%1.54%
Asset classequityequity
Regionnorth americanorth america
Strategyindex trackingindex tracking
CAGR 1Y+16.2%+21.0%
CAGR 3Y+15.6%+13.8%
CAGR 5Y+8.4%+6.9%
Sharpe 3Y0.700.58
Volatility 1Y16.22%15.67%
Max drawdown-32.13%-50.70%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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