FNY
First Trust Mid Cap Growth AlphaDEX Fund
SMB
UMD
Adj. R2
0.923
Rel. Sharpe
0.890
Mkt beta
1.07
AUM
US$486M
MER
0.73%
Valuation
121
ETF comparison
Verified factor-similar pair
FNY vs FYC
These two ETFs pass the same FF6 US similarity lane: US-listed equity ETFs, same USD model basis, at least one material non-market factor, and 100% overlap in statistically significant material factor exposure.
SMB
UMD
Similarity score
88
Verified similar
Score blends exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
FYC
First Trust Small Cap Growth AlphaDEX Fund
SMB
UMD
Adj. R2
0.958
Rel. Sharpe
1.110
Mkt beta
1.06
AUM
US$951M
MER
0.70%
Valuation
61
Factor Exposure Match
Blue bars compare raw factor beta magnitude. Green bars compare absolute t-stat strength. Dim bars indicate the t-stat is below 1.96.
SMB
diff -0.37
HML
diff -0.05
RMW
diff +0.04
CMA
diff -0.00
UMD
diff +0.02
Why This Pair Matches
Exposure level
86
Exposure shape
99
Mkt beta diff
0.01
Rel. Sharpe diff
0.220
This comparison focuses on measured factor exposure, not a qualitative review of each fund's portfolio-construction process. Backtested relative Sharpe is included as a secondary signal, while we continue refining a comparison metric that separates factor payoff from alpha. See methodology.
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