EPS vs FEX: Grades, Fees and Holdings Compared

WisdomTree U.S. LargeCap Fund

EPSANYSE Arca

First Trust Large Cap Core AlphaDEX Fund

FEXBNasdaq

Overlap

33.8%by weight

Expense ratio

EPS −0.49pt a year

EPS0.08%FEX0.57%

Avg volume · 30D

EPS 2.3×the volume

EPS51KFEX21.8K

10Y return · a year

EPS +1.6pt

EPS+14.6%FEX+13.0%

EPS vs FEX Performance

Oct 29, 2021 – Oct 30, 2026

+75.9%EPS+62.1%FEX

Expense ratio: EPS 0.08%, better; FEX 0.57%
Fund size: EPS $1.63B; FEX $1.6B
1Y total return: EPS +14.0%; FEX +18.8%, better
Yield (12M): EPS 1.13%, better; FEX 1.00%
Holdings: EPS 506; FEX 376
Avg volume (30D): EPS 51K sh, better; FEX 21.8K sh
NAV per share: EPS $78.98; FEX $137.55
52W range

ETF.net Grade

Pillar letters and Scores for EPS, FEX, with each pillar’s weight
Pillar	EPS	FEX
Cost30% weight	A82Higher	F18
Mission25% weight	A100Higher	A86
Risk15% weight	B63Higher	B59
Tradability15% weight	A84Higher	A79
Holdings10% weight	B56	A88Higher
Durability5% weight	A73	A81Higher

Rank among US Large-Cap funds

How we build Categories ›

Same Category. EPS and FEX are both graded against the same 29 US Large-Cap funds, so their Grades compare head to head.

US Large-Cap⁠

Category · 29 funds

See all 29 ›

EPS ranks 3rd and FEX 16th of 29 funds in the US Large-Cap Category.

Rank 1ASCHXSchwab U.S. Large-Cap ETFScore 83
Rank 2ABKLCBNY Mellon US Large Cap Core Equity ETFScore 82
Rank 3AEPSWisdomTree U.S. LargeCap FundScore 80
Rank 4AVVVanguard Morningstar Large-Cap ETFScore 78
Rank 14BXMAGLarge Cap Ex-Mag 7 ETFScore 61
Rank 16BFEXFirst Trust Large Cap Core AlphaDEX FundScore 60
Rank 17BDSPYTema S&P 500 Historical Weight ETF StrategyScore 59

Our read on each fund

ETF.net Research

EPSAWisdomTree U.S. LargeCap Fund

FEXBFirst Trust Large Cap Core AlphaDEX Fund

In short

EPS Large-cap core with a profit filter. Roughly 500 U.S. companies, all of them earnings generators, tracked since 2007 for 0.08% a year. Same plumbing as a plain index fund, with a screen most of them skip.

FEX Smart beta before anyone called it that. Since 2007, FEX has ranked the 500 biggest US stocks on growth and value metrics, kept the top 375, and weighted them by rank instead of size. An index fund that refuses to just be the market.

Stated mandate

EPS The fund seeks to track earnings-generating large-cap companies in the U.S. equity market.

FEX The fund seeks to generally match, before fees and expenses, the price and yield performance of the Nasdaq AlphaDEX Large Cap Core Index. It normally invests at least 90% of net assets in index securities and uses an indexing approach to replicate the index.

Why people hold it

EPS The screen is the whole point: the index holds large U.S. companies that actually generate earnings, so unprofitable names do not ride in on market cap alone.wisdomtree.com
0.08% a year, under the median for its large-cap peer group, and it still spreads across roughly 500 stocks.
Running since 2007 and now a multi-billion-dollar fund, it has tracked its index tightly and ranks in the top quartile of its large-cap cohort.
Pays out quarterly, the standard cadence for a core equity holding.

FEX Weighting by rank, not size: the top scorers are split into quintiles and equal-weighted inside each, so the largest companies don't automatically run the portfolio.sec.gov
Trading since May 2007, it predates most of the factor-ETF boom and has grown into a multi-billion-dollar fund, rebuilt on the same quarterly schedule throughout.sec.gov
Roughly 400 large-cap names, with the tiered weighting keeping individual positions small rather than letting a handful of giants set the tone.sec.gov

Worth knowing

EPS It trades thinly for the category, so bid-ask spreads can run wider than the heavily traded core names in the group.
Cheaper shelf-mates exist: SCHX and VV charge 0.03%, BKLC charges nothing. The earnings screen is what the extra basis points buy.
Screening on earnings means the portfolio can look different from a plain cap-weighted large-cap index, and its results will drift from that benchmark in both directions.

FEX At 0.57% it runs well above the roughly 0.20% typical for large-cap core, and plain cap-weighted rivals like SCHX (0.03%) and VONE (0.06%) charge a sliver of that.
Rebuilding the portfolio every quarter creates real turnover, which can mean more taxable gains in a brokerage account than a buy-and-hold index fund.sec.gov
It trades thinly next to the household-name index funds in the category, so bid-ask spreads carry more weight on bigger orders.

Full EPS profile⁠

Full FEX profile⁠

EPS vs FEX Holdings

How EPS and FEX differ

Overlap by weight

33.8%

Shared holdings make up 84.9% of EPS and 81.9% of FEX.

Level by level

Holdings311 in both33.8%
Sector11 Sectors74.2%
Countryby domicile98.7%
Asset classEquity100%

Sector

Sector weights in EPS and FEX, widest gap first
Sector	More in EPSMore in FEX	EPS	FEX
Technology	EPS +15.7 points	37.1%	21.4%
Industrials	FEX +11.2 points	4.8%	16.0%
Communication	EPS +8.0 points	12.2%	4.2%
Utilities	FEX +5.1 points	1.6%	6.7%
Energy	FEX +3.3 points	4.2%	7.5%
Real Estate	FEX +3.0 points	0.7%	3.7%
Materials	FEX +1.7 points	1.2%	2.9%
Consumer Discretionary	EPS +1.6 points	9.5%	7.9%
Consumer Staples	FEX +1.3 points	3.8%	5.0%
Financials	EPS +0.6 points	14.8%	14.2%
Health Care	FEX +0.2 points	10.2%	10.4%

Country, concentration and asset class

Country by domicile

Country weights in EPS and FEX, widest gap first
Country	More in EPSMore in FEX	EPS	FEX
United States	EPS +1.1 points	99.2%	98.1%
United Kingdom	FEX +0.6 points	0.0%	0.6%
Other countries (5)	FEX +0.5 points	0.8%	1.3%

Concentration

Weight in the 10 largest Holdings

EPS38.3%
FEX5.3%

Securities held

EPS504
FEX375

Asset class

EPS: Equity
FEX: Equity

Holdings

Only in EPS193
In both311
Only in FEX64

Only in EPS

193 securities, 15.0% of EPS by weight

Berkshire Hathaway Inc1.81%
Walmart Inc0.75%
Tesla Inc0.65%
Oracle Corp0.42%
Altria Group Inc0.40%
Uber Technologies Inc0.40%
International Business Machines Corp0.35%
Thermo Fisher Scientific Inc0.32%
Linde Plc0.32%
Costco Wholesale Corp0.29%
BlackRock Inc0.26%
Charles Schwab Corp/The0.25%
Nextera Energy0.25%
McDonalds Corp0.23%
NetFlix Inc0.20%
Bank of New York Mellon Corp0.20%
Corning Inc0.18%
McKesson Corp0.17%
NXP Semiconductors NV0.17%
Duke Energy Corp0.17%
Ford Motor Co0.16%
priceline.com Inc0.16%
S&P Global Inc0.16%
TJX Cos Inc0.15%
Royal Caribbean Cruises Ltd0.14%
Marsh & Mclennan Cos0.14%
CME Group Inc0.13%
Apollo Global Management Inc0.13%
Automatic Data Processing Inc0.13%
Flex Ltd0.13%
American IntL Group Inc0.12%
Pure Storage Inc - Class A0.12%
Ameriprise Financial Inc0.12%
Stryker Corp0.12%
Cadence Design Systems Inc0.12%
Colgate-Palmolive Co0.11%
Fiserv Inc0.11%
Autodesk Inc0.11%
Cummins Inc0.10%
ProLogis Inc0.10%
Atlassian Corp -Class A0.09%
Cencora Inc0.09%
Blackstone Inc0.09%
Aon Plc0.09%
Illinois Tool Works Inc0.09%
American Tower Corp0.09%
Zebra Technologies Corp0.09%
Sherwin-Williams Co/The0.09%
Williams Cos Inc/The0.09%
Crh PLC0.09%

Only in FEX

64 securities, 17.8% of FEX by weight

Roper Technologies, Inc.0.57%
Ovintiv Inc.0.54%
Permian Resources Corp.0.53%
Leidos Holdings, Inc.0.50%
Fidelity National Information Services, Inc.0.50%
SharkNinja Inc.0.49%
Amcor plc0.48%
Accenture plc0.48%
Fiserv, Inc.0.47%
American International Group, Inc.0.47%
CRH Plc0.47%
Berkshire Hathaway Inc. (Class B)0.47%
Expand Energy Corporation0.46%
HF Sinclair Corp.0.46%
CF Industries Holdings, Inc.0.46%
Charter Communications, Inc. (Class A)0.43%
Guardant Health, Inc.0.43%
Everpure, Inc. (Class A)0.41%
Annaly Capital Management, Inc.0.41%
ONEOK, Inc.0.39%
Copart, Inc.0.38%
Super Micro Computer, Inc.0.34%
Target Corporation0.34%
Smurfit Westrock Plc0.33%
GE HealthCare Technologies Inc.0.30%
Moderna, Inc.0.29%
Brown & Brown, Inc.0.29%
Sunbelt Rentals Holdings, Inc.0.29%
International Flavors & Fragrances Inc.0.29%
NIKE, Inc. (Class B)0.28%
Viatris Inc.0.28%
Lennar Corporation0.27%
IDEX Corporation0.26%
Welltower Inc.0.26%
News Corporation (Class A)0.26%
Invitation Homes Inc.0.26%
Jazz Pharmaceuticals Plc0.24%
Sitime Corporation0.23%
Dow Inc.0.22%
CDW Corporation0.20%
Mondelez International, Inc.0.19%
Kimberly-Clark Corporation0.19%
Elevance Health Inc.0.18%
Weyerhaeuser Company0.18%
Franklin Templeton, Inc.0.17%
TD SYNNEX Corporation0.16%
MKS, Inc.0.13%
Lattice Semiconductor Corporation0.13%
Lockheed Martin Corporation0.11%
LyondellBasell Industries N.V.0.10%

Weight gaps

The 100 widest of 311 Holdings in both funds.

Holding weights in EPS and FEX, widest gap first
Holding	More in EPSMore in FEX	EPS	FEX
Nvidia CorpNVDA	EPS +6.76 points	7.14%	0.38%
Apple IncAAPL	EPS +5.61 points	5.96%	0.35%
Amazon.com IncAMZN	EPS +5.32 points	5.65%	0.33%
Google IncGOOGL	EPS +4.57 points	4.78%	0.21%
Microsoft CorpMSFT	EPS +4.52 points	4.69%	0.17%
Meta PlatformsInc. Cl AMETA	EPS +2.81 points	3.10%	0.29%
JPMorgan Chase & CoJPM	EPS +2.01 points	2.10%	0.09%
Exxonmobil Holdings CorpXOM	EPS +1.24 points	1.63%	0.39%
Broadcom IncAVGO	EPS +1.24 points	1.32%	0.08%
Johnson & JohnsonJNJ	EPS +1.14 points	1.32%	0.18%
Micron Technology IncMU	EPS +1.05 points	1.40%	0.35%
Merck & Co Inc/NJMRK	EPS +0.82 points	1.08%	0.26%
Eli Lilly & CoLLY	EPS +0.77 points	1.19%	0.42%
Visa IncV	EPS +0.76 points	0.96%	0.20%
Bank of America CorpBAC	EPS +0.73 points	0.89%	0.16%
UnitedHealth Group IncUNH	EPS +0.69 points	0.78%	0.09%
Pfizer IncPFE	EPS +0.65 points	0.74%	0.09%
Cisco Systems IncCSCO	EPS +0.54 points	0.79%	0.25%
AbbVie IncABBV	EPS +0.53 points	0.72%	0.19%
Procter & Gamble Co/ThePG	EPS +0.51 points	0.61%	0.10%
PTC IncPTC	FEX +0.50 points	0.10%	0.60%
Mastercard IncMA	EPS +0.47 points	0.57%	0.10%
Broadridge Financial Solutions Inc.BR	FEX +0.46 points	0.01%	0.47%
Constellation Brands IncSTZ	FEX +0.46 points	0.05%	0.51%
Cincinnati Financial CorpCINF	FEX +0.46 points	0.03%	0.49%
Martin Marietta Materials IncMLM	FEX +0.45 points	0.03%	0.48%
EQT CorpEQT	FEX +0.45 points	0.04%	0.49%
Medpace Holdings IncMEDP	FEX +0.44 points	<0.01%	0.45%
Expeditors International of WaEXPD	FEX +0.43 points	0.03%	0.46%
Markel GroupMKL	FEX +0.44 points	0.03%	0.47%
Carnival Corp LtdCCL	FEX +0.42 points	0.08%	0.50%
Edison InternationalEIX	FEX +0.41 points	0.06%	0.47%
Goldman Sachs Group IncGS	EPS +0.40 points	0.57%	0.17%
Jones Lang LaSalle IncJLL	FEX +0.39 points	<0.01%	0.40%
Corpay IncCPAY	FEX +0.40 points	0.04%	0.44%
Natera IncNTRA	FEX +0.40 points	0.03%	0.43%
Incyte CorpINCY	FEX +0.39 points	0.03%	0.42%
VICI Properties IncVICI	FEX +0.38 points	0.07%	0.45%
Applied Materials IncAMAT	EPS +0.38 points	0.45%	0.07%
Coca-Cola Co/TheKO	EPS +0.38 points	0.57%	0.19%
Dollar Tree IncDLTR	FEX +0.38 points	0.02%	0.40%
DexCom IncDXCM	FEX +0.39 points	0.02%	0.41%
T Rowe Price Group IncTROW	FEX +0.39 points	0.04%	0.43%
Ball CorpBALL	FEX +0.39 points	0.02%	0.41%
Occidental Petroleum CorpOXY	FEX +0.38 points	0.11%	0.49%
Cognizant Technology SolutionsCTSH	FEX +0.38 points	0.10%	0.48%
Fox Corp - Class AFOXA	FEX +0.38 points	0.05%	0.43%
Pulte Homes IncPHM	FEX +0.38 points	0.08%	0.46%
Arch Capital Group LtdACGL	FEX +0.38 points	0.11%	0.49%
PG&E CorpPCG	FEX +0.38 points	0.08%	0.46%
Home Depot IncHD	EPS +0.37 points	0.47%	0.10%
DR Horton IncDHI	FEX +0.38 points	0.08%	0.46%
West Pharmaceutical Services IncWST	FEX +0.37 points	0.01%	0.38%
Hartford Financial Services GrpHIG	FEX +0.36 points	0.10%	0.46%
Evergy IncEVRG	FEX +0.35 points	0.02%	0.37%
Illumina IncILMN	FEX +0.35 points	0.02%	0.37%
Ross Stores IncROST	FEX +0.35 points	0.07%	0.42%
Ameren CorpAEE	FEX +0.35 points	0.03%	0.38%
Synchrony FinancialSYF	FEX +0.34 points	0.11%	0.45%
Nucor CorpNUE	FEX +0.34 points	0.06%	0.40%
PPL CorpPPL	FEX +0.34 points	0.03%	0.37%
Zoetis IncZTS	FEX +0.34 points	0.05%	0.39%
PPG Industries IncPPG	FEX +0.34 points	0.05%	0.39%
Philip Morris International IncPM	EPS +0.33 points	0.52%	0.19%
Zimmer Biomet Holdings IncZBH	FEX +0.33 points	0.03%	0.36%
Xcel Energy IncXEL	FEX +0.34 points	0.05%	0.39%
Veeva Systems Inc-Class AVEEV	FEX +0.32 points	0.05%	0.37%
Qualcomm IncQCOM	EPS +0.33 points	0.48%	0.15%
Consolidated Edison IncED	FEX +0.33 points	0.06%	0.39%
Verizon Communications IncVZ	EPS +0.32 points	0.74%	0.42%
Global Payments IncGPN	FEX +0.33 points	0.08%	0.41%
Honeywell International IncHON	FEX +0.32 points	0.12%	0.44%
Tenet Healthcare CorpTHC	FEX +0.33 points	0.04%	0.37%
Devon Energy CorpDVN	FEX +0.32 points	0.16%	0.48%
Eversource EnergyES	FEX +0.33 points	0.04%	0.36%
PayPal Holdings IncPYPL	FEX +0.32 points	0.14%	0.46%
Dell Technologies -CDELL	EPS +0.31 points	0.65%	0.34%
Halliburton CoHAL	FEX +0.32 points	0.07%	0.39%
Expedia Group IncEXPE	FEX +0.31 points	0.06%	0.37%
First Citizens BancShares Inc/FCNCA	FEX +0.31 points	0.08%	0.39%
Snowflake Inc-Class ASNOW	FEX +0.31 points	0.08%	0.39%
Exelon CorpEXC	FEX +0.31 points	0.08%	0.39%
Agilent Technologies IncA	FEX +0.31 points	0.04%	0.35%
Loews CorpL	FEX +0.30 points	0.06%	0.36%
NVR IncNVR	FEX +0.30 points	0.03%	0.33%
Morgan StanleyMS	EPS +0.30 points	0.55%	0.25%
Mongodb IncMDB	FEX +0.30 points	0.05%	0.35%
Phillips 66PSX	FEX +0.29 points	0.09%	0.38%
Interactive Brokers Group IncIBKR	FEX +0.29 points	0.02%	0.31%
Bunge Global SaBG	FEX +0.29 points	0.02%	0.31%
Intuit IncINTU	FEX +0.28 points	0.14%	0.42%
Wabtec CorpWAB	FEX +0.28 points	0.05%	0.33%
Okta IncOKTA	FEX +0.28 points	0.15%	0.43%
Wells Fargo & CoWFC	EPS +0.28 points	0.64%	0.36%
Toast Inc-Class ATOST	FEX +0.28 points	<0.01%	0.28%
Citigroup IncC	EPS +0.28 points	0.52%	0.24%
Quanta Services IncPWR	FEX +0.27 points	0.06%	0.33%
Nisource IncNI	FEX +0.27 points	0.02%	0.29%
Garmin LtdGRMN	FEX +0.27 points	0.05%	0.32%
Boston Scientific CorpBSX	FEX +0.27 points	0.06%	0.33%

All 503 EPS holdings⁠All 375 FEX holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EPS vs FEX Cost

Overpaying FEX vs EPS

$9,582

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

EPS 0.08%
$1,689
FEX 0.57%
$11,271

Amount$10,000

Years30 years

Cost over time

EPS 0.08%
FEX 0.57%
Overpaying

Year by year

Year	EPS	FEX	Overpaying
10	$147	$1,023	$876
20	$575	$3,921	$3,346
30	$1,689	$11,271	$9,582

Expense ratio

0.08%EPS, cheaper
0.57%FEX

EPS0.08%FEX0.57%

0.00%1.25%

Middle half of US Large-Cap funds
Median 0.20%

EPS 6th cheapest of 29 funds

FEX 24th cheapest of 29 funds

EPS vs FEX Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EPS 1.13%, better; FEX 1.00%
Payout (12M): EPS $0.90; FEX $1.38
Last payment: EPS $0.23; FEX $0.41
Ex-dividend: EPS Sep 25, 2026; FEX Sep 24, 2026
Paid on: EPS Sep 29, 2026; FEX Sep 30, 2026
Frequency: EPS Quarterly; FEX Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EPSQuarterly · 39 paymentsAll EPS payments⁠

FEXQuarterly · 39 paymentsAll FEX payments⁠

EPS vs FEX Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: EPS 11.8%, betterFEX 13.1%
Return per unit of riskSharpe ratio, 3 years: EPS 1.43, betterFEX 1.27
Worst fallMax drawdown, 5 years: EPS −23.6%FEX −21.3%, better
Market sensitivityBeta, 5 years: EPS 0.96FEX 0.95; Market = 1

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