FNK vs SCHV: Grades, Fees and Holdings Compared

First Trust Mid Cap Value AlphaDEX Fund

FNKCNasdaq

Schwab U.S. Large-Cap Value ETF

SCHVANYSE Arca

Overlap

3.0%by weight

Expense ratio

SCHV −0.70pt a year

FNK0.74%SCHV0.04%

Avg volume · 30D

SCHV 435.5×the volume

FNK7.33KSCHV3.19M

10Y return · a year

SCHV +1.5pt

FNK+9.8%SCHV+11.3%

FNK vs SCHV Performance

Nov 9, 2021 – Nov 9, 2026

+47.4%FNK+61.1%SCHV

Expense ratio: FNK 0.74%; SCHV 0.04%, better
Fund size: FNK $238M; SCHV $15.4B
1Y total return: FNK +22.8%, better; SCHV +22.1%
Yield (12M): FNK 1.52%; SCHV 1.81%, better
Holdings: FNK 227; SCHV 567
Avg volume (30D): FNK 7.33K sh; SCHV 3.19M sh, better
NAV per share: FNK $63.53; SCHV $33.95
52W range

ETF.net Grade

Pillar letters and Scores for FNK, SCHV, with each pillar’s weight
Pillar	FNK	SCHV
Cost30% weight	F3	A96Higher
Mission25% weight	A93Higher	A89
Risk15% weight	D31	A70Higher
Tradability15% weight	C51	A95Higher
Holdings10% weight	A70Higher	B59
Durability5% weight	B55	B68Higher

Rank among US Value Index funds

How we build Categories ›

Same Category. FNK and SCHV are both graded against the same 40 US Value Index funds, so their Grades compare head to head.

US Value Index⁠

Category · 40 funds

See all 40 ›

SCHV ranks 1st and FNK 33rd of 40 funds in the US Value Index Category.

Rank 1ASCHVSchwab U.S. Large-Cap Value ETFScore 85
Rank 2AVTVVanguard Morningstar Value ETFScore 82
Rank 32CNIXTResearch Affiliates Deletions ETFScore 46
Rank 33CFNKFirst Trust Mid Cap Value AlphaDEX FundScore 45
Rank 34CFYTFirst Trust Small Cap Value AlphaDEX FundScore 44

Our read on each fund

ETF.net Research

FNKCFirst Trust Mid Cap Value AlphaDEX Fund

SCHVASchwab U.S. Large-Cap Value ETF

In short

FNK Not a plain value index fund: the AlphaDEX screen ranks mid-cap value stocks on growth and value metrics, keeps a subset and weights by rank rather than size. A quant strategy in an index wrapper, priced closer to active.

SCHV No data

Stated mandate

FNK The Fund seeks to track, before fees and expenses, the price and yield performance of the Nasdaq AlphaDEX Mid Cap Value Index. The index uses AlphaDEX to select and weight securities from the Nasdaq US 600 Mid Cap Value Index.

SCHV No data

Why people hold it

FNK Rank drives weight, not market cap: the AlphaDEX screen scores stocks on growth and value metrics, then tiers them, so size alone doesn't buy a big slot.ftportfolios.com otcmarkets.com
Roughly 230 mid-cap names, so no single stock steers the portfolio.
Running since 2011, one of the longer-lived rules-based factor funds, and it distributes quarterly.

SCHV No data

Worth knowing

FNK At 0.74% a year it sits at the pricey end of the factor aisle (VONV charges 0.06%, FNDX 0.25%), and that cost is what keeps it in the back of its peer group.
Thinly traded, so spreads can run wider than on household-name index ETFs; the cost of getting in and out matters more here.
Value label, but the screen scores growth metrics too, so the basket won't always look like a textbook value fund.ftportfolios.com

SCHV No data

Full FNK profile⁠

Full SCHV profile⁠

FNK vs SCHV Holdings

How FNK and SCHV differ

Overlap by weight

3.0%

Shared holdings make up 32.5% of FNK and 3.0% of SCHV.

Level by level

Holdings83 in both3.0%
Sector11 Sectors74.8%
Countryby domicile98.9%
Asset classStocks100%

Sector

Sector weights in FNK and SCHV, widest gap first
Sector	Gap	FNK	SCHV
Consumer Discretionary	FNK +12.9 points	19.5%	6.6%
Health Care	SCHV +11.0 points	3.5%	14.5%
Technology	SCHV +9.7 points	5.8%	15.5%
Financials	FNK +6.3 points	27.0%	20.7%
Consumer Staples	SCHV +4.0 points	5.3%	9.3%
Energy	FNK +2.5 points	10.6%	8.1%
Utilities	FNK +1.4 points	5.5%	4.1%
Materials	FNK +1.0 points	3.6%	2.6%
Real Estate	FNK +0.8 points	4.8%	4.0%
Communication	SCHV +0.4 points	2.6%	3.0%
Industrials	FNK +0.4 points	11.8%	11.4%

Country, concentration and asset class

Country by domicile

Country weights in FNK and SCHV, widest gap first
Country	Gap	FNK	SCHV
India	FNK +0.7 points	0.7%	0.0%
Switzerland	SCHV +0.6 points	0.0%	0.6%
Other countries (5)	SCHV +0.1 points	99.3%	99.4%

Concentration

Weight in the 10 largest Holdings

FNK8.5%
SCHV19.9%

Securities held

FNK226
SCHV566

Asset class

FNK: Stocks
SCHV: Stocks

Holdings

Only in FNK143
In both83
Only in SCHV483

Only in FNK

143 securities, 67.3% of FNK by weight

ADT Inc.1.12%
EPAM Systems, Inc.0.81%
Radian Group Inc.0.81%
Spire Inc.0.81%
Boyd Gaming Corporation0.79%
Lyft, Inc. (Class A)0.79%
Axis Capital Holdings Limited0.78%
CNX Resources Corporation0.77%
Southwest Gas Holdings, Inc.0.77%
White Mountains Insurance Group Ltd.0.77%
MGIC Investment Corporation0.76%
First American Financial Corporation0.76%
Bank OZK0.76%
Essent Group Ltd.0.76%
Enact Holdings, Inc.0.74%
Versant Media Group, Inc. (Class A)0.73%
Genpact Limited0.72%
Crocs, Inc.0.71%
Sonoco Products Company0.71%
H&R Block, Inc.0.71%
Chord Energy Corporation0.70%
Macy's, Inc.0.70%
Magnolia Oil & Gas Corporation (Class A)0.70%
Commercial Metals Company0.69%
Millrose Properties, Inc. (Class A)0.69%
Lincoln National Corporation0.69%
Matador Resources Company0.67%
Murphy Oil Corporation0.67%
Black Hills Corporation0.67%
National Fuel Gas Company0.67%
Ingredion Incorporated0.66%
Selective Insurance Group, Inc.0.66%
Silgan Holdings Inc.0.65%
The Gap, Inc.0.65%
Amentum Holdings, Inc.0.65%
AutoNation, Inc.0.65%
Lear Corporation0.64%
The Campbell's Company0.64%
Gentex Corporation0.63%
ONE Gas, Inc.0.62%
Reynolds Consumer Products Inc.0.62%
International Seaways, Inc.0.61%
Abercrombie & Fitch Co. (Class A)0.61%
Urban Outfitters, Inc.0.61%
SM Energy Company0.61%
JBS N.V. (Class A)0.61%
LKQ Corporation0.61%
PBF Energy Inc.0.60%
Meritage Homes Corporation0.60%
EPR Properties0.59%

Only in SCHV

483 securities, 97.0% of SCHV by weight

Berkshire Hathaway Inc Class B3.57%
JPMorgan Chase2.98%
Exxonmobil Holdings Corp2.29%
Johnson & Johnson2.23%
Walmart1.88%
AbbVie1.73%
Chevron1.41%
Procter & Gamble1.29%
Coca-Cola1.24%
Cisco Systems Inc1.24%
Merck & Co Inc1.21%
Home Depot1.15%
Bank of America1.08%
Philip Morris International1.03%
Intel Corporation Corp0.94%
Netflix0.89%
Rtx0.86%
Wells Fargo0.85%
Texas Instrument0.85%
Goldman Sachs Group0.85%
Lam Research0.84%
Amgen Inc0.83%
International Business Machines Co0.77%
Oracle0.76%
Morgan Stanley0.73%
Gilead Sciences0.69%
Citigroup0.67%
Mcdonalds Corp0.66%
Pepsico0.65%
Abbott Laboratories0.64%
Verizon Communications Inc0.64%
Space Exploration Technologies Cor0.62%
Amphenol Corp Class A0.62%
Nextera Energy0.61%
Analog Devices0.59%
Qualcomm0.59%
Welltower0.59%
Salesforce0.59%
Union Pacific0.58%
American Express0.57%
Pfizer0.56%
Conocophillips0.55%
Accenture PLC Class A0.53%
Tjx0.50%
Charles Schwab0.50%
AT&T0.50%
Danaher0.48%
Progressive0.44%
Chubb0.43%
Newmont0.43%

Weight gaps

All 83 Holdings in both funds, largest gap first.

Holding weights in FNK and SCHV, widest gap first
Holding	Gap	FNK	SCHV
Range Resources CorporationRRC	FNK +0.87 points	0.91%	0.04%
Sirius XM Holdings Inc.SIRI	FNK +0.84 points	0.86%	0.02%
Mohawk Industries, Inc.MHK	FNK +0.80 points	0.83%	0.03%
Universal Health Services, Inc. (Class B)UHS	FNK +0.74 points	0.77%	0.03%
Everest Group, Ltd.EG	FNK +0.73 points	0.78%	0.05%
Antero Resources CorporationAR	FNK +0.71 points	0.75%	0.04%
Lithia Motors, Inc.LAD	FNK +0.71 points	0.73%	0.02%
RenaissanceRe Holdings Ltd.RNR	FNK +0.70 points	0.75%	0.05%
APA CorporationAPA	FNK +0.69 points	0.74%	0.05%
McCormick & Company, IncorporatedMKC	FNK +0.68 points	0.72%	0.04%
Alcoa CorporationAA	FNK +0.61 points	0.65%	0.04%
Tyson Foods, Inc. (Class A)TSN	FNK +0.59 points	0.65%	0.06%
Toll Brothers, Inc.TOL	FNK +0.58 points	0.63%	0.05%
The Cooper Companies, Inc.COO	FNK +0.57 points	0.61%	0.04%
Textron Inc.TXT	FNK +0.56 points	0.61%	0.05%
Old Republic International CorporationORI	FNK +0.56 points	0.59%	0.03%
Host Hotels & Resorts, Inc.HST	FNK +0.55 points	0.61%	0.06%
DICK'S Sporting Goods, Inc.DKS	FNK +0.55 points	0.58%	0.03%
Zions Bancorporation, National AssociationZION	FNK +0.54 points	0.57%	0.03%
Western Alliance BancorporationWAL	FNK +0.53 points	0.56%	0.03%
Gaming and Leisure Properties, Inc.GLPI	FNK +0.53 points	0.57%	0.04%
Ally Financial Inc.ALLY	FNK +0.52 points	0.56%	0.04%
Eastman Chemical CompanyEMN	FNK +0.52 points	0.55%	0.03%
Solventum CorporationSOLV	FNK +0.53 points	0.57%	0.04%
TransUnionTRU	FNK +0.50 points	0.55%	0.05%
Aptiv PlcAPTV	FNK +0.48 points	0.51%	0.03%
Booz Allen Hamilton Holding CorporationBAH	FNK +0.48 points	0.51%	0.03%
Fidelity National Financial, Inc.FNF	FNK +0.43 points	0.47%	0.04%
OGE Energy Corp.OGE	FNK +0.43 points	0.46%	0.03%
Pinnacle West Capital CorporationPNW	FNK +0.42 points	0.46%	0.04%
Deckers Outdoor CorporationDECK	FNK +0.42 points	0.46%	0.04%
American Homes 4 Rent (Class A)AMH	FNK +0.41 points	0.45%	0.04%
Huntington Ingalls Industries, Inc.HII	FNK +0.41 points	0.45%	0.04%
Jefferies Financial Group Inc.JEF	FNK +0.41 points	0.43%	0.02%
Sprouts Farmers Market, Inc.SFM	FNK +0.39 points	0.41%	0.02%
GameStop Corp. (Class A)GME	FNK +0.39 points	0.42%	0.03%
AGCO CorporationAGCO	FNK +0.38 points	0.40%	0.02%
First Horizon CorporationFHN	FNK +0.37 points	0.41%	0.04%
Lamb Weston Holdings, Inc.LW	FNK +0.34 points	0.37%	0.03%
Erie Indemnity CompanyERIE	FNK +0.32 points	0.34%	0.02%
Lineage, Inc.LINE	FNK +0.31 points	0.32%	<0.01%
Stanley Black & Decker, Inc.SWK	FNK +0.30 points	0.36%	0.06%
FactSet Research Systems Inc.FDS	FNK +0.30 points	0.34%	0.04%
AptarGroup, Inc.ATR	FNK +0.29 points	0.32%	0.03%
Builders FirstSource, Inc.BLDR	FNK +0.28 points	0.30%	0.02%
Penske Automotive Group, Inc.PAG	FNK +0.28 points	0.29%	0.01%
American Financial Group, Inc.AFG	FNK +0.27 points	0.31%	0.04%
BOK Financial CorporationBOKF	FNK +0.27 points	0.28%	<0.01%
Crown Holdings, Inc.CCK	FNK +0.28 points	0.32%	0.04%
Assurant, Inc.AIZ	FNK +0.27 points	0.32%	0.05%
MGM Resorts InternationalMGM	FNK +0.27 points	0.29%	0.02%
BXP, Inc.BXP	FNK +0.25 points	0.29%	0.04%
Murphy USA Inc.MUSA	FNK +0.26 points	0.29%	0.03%
Acuity Inc.AYI	FNK +0.26 points	0.29%	0.03%
Stifel Financial Corp.SF	FNK +0.24 points	0.28%	0.04%
Reinsurance Group of America, IncorporatedRGA	FNK +0.23 points	0.29%	0.06%
CarMax, Inc.KMX	FNK +0.24 points	0.26%	0.02%
Globe Life Inc.GL	FNK +0.22 points	0.26%	0.04%
Mueller Industries, Inc.MLI	FNK +0.20 points	0.24%	0.04%
Arrow Electronics, Inc.ARW	FNK +0.19 points	0.22%	0.03%
Pool CorporationPOOL	FNK +0.15 points	0.18%	0.03%
Brown-Forman CorporationBF.B	FNK +0.14 points	0.16%	0.02%
Houlihan Lokey, Inc.HLI	FNK +0.13 points	0.16%	0.03%
Hasbro, Inc.HAS	FNK +0.13 points	0.19%	0.06%
Hormel Foods CorporationHRL	FNK +0.13 points	0.15%	0.02%
Jack Henry & Associates, Inc.JKHY	FNK +0.13 points	0.17%	0.04%
Core & Main, Inc. (Class A)CNM	FNK +0.12 points	0.15%	0.03%
Align Technology, Inc.ALGN	FNK +0.12 points	0.16%	0.04%
GoDaddy Inc. (Class A)GDDY	FNK +0.12 points	0.17%	0.05%
Commerce Bancshares, Inc.CBSH	FNK +0.12 points	0.14%	0.02%
Masco CorporationMAS	FNK +0.12 points	0.17%	0.05%
Allegion Public Limited CompanyALLE	FNK +0.12 points	0.17%	0.05%
Carlisle Companies IncorporatedCSL	FNK +0.11 points	0.16%	0.05%
Encompass Health CorporationEHC	FNK +0.11 points	0.16%	0.05%
Avery Dennison CorporationAVY	FNK +0.10 points	0.15%	0.05%
Gartner, Inc.IT	FNK +0.10 points	0.14%	0.04%
RPM International Inc.RPM	FNK +0.10 points	0.14%	0.04%
Pinnacle Financial Partners, Inc.PNFP	FNK +0.10 points	0.15%	0.05%
Skydance CorporationSKYD	FNK +0.10 points	0.11%	0.01%
Albemarle CorporationALB	FNK +0.09 points	0.13%	0.04%
Graco Inc.GGG	FNK +0.08 points	0.12%	0.04%
Unum GroupUNM	FNK +0.08 points	0.12%	0.04%
BorgWarner Inc.BWA	FNK +0.08 points	0.11%	0.03%

All 226 FNK holdings⁠All 569 SCHV 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.

FNK vs SCHV Cost

Overpaying FNK vs SCHV

$13,458

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

FNK 0.74%
$14,307
SCHV 0.04%
$849

Amount$10,000

Years30 years

Cost over time

FNK 0.74%
SCHV 0.04%
Overpaying

Year by year

Year	FNK	SCHV	Overpaying
10	$1,319	$73	$1,246
20	$5,015	$288	$4,727
30	$14,307	$849	$13,458

Expense ratio

0.74%FNK
0.04%SCHV, cheaper

SCHV0.04%FNK0.74%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

SCHV 3rd cheapest of 40 funds

FNK 39th cheapest of 40 funds

FNK vs SCHV Dividends

Last 12 months to Nov 9, 2026

Yield (12M): FNK 1.52%; SCHV 1.81%, better
Payout (12M): FNK $0.98; SCHV $0.63
Last payment: FNK $0.28; SCHV $0.16
Ex-dividend: FNK Sep 24, 2026; SCHV Sep 23, 2026
Paid on: FNK Sep 30, 2026; SCHV Sep 28, 2026
Frequency: FNK Quarterly; SCHV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FNKQuarterly · 39 paymentsAll FNK payments⁠

SCHVQuarterly · 40 paymentsAll SCHV payments⁠

FNK vs SCHV Risk

Fall from peak · 5 years

FNK
SCHV

Risk facts

VolatilityStd dev, 3 years: FNK 17.7%SCHV 11.9%, better
Return per unit of riskSharpe ratio, 3 years: FNK 0.71SCHV 1.31, better
Worst fallMax drawdown, 5 years: FNK −25.2%SCHV −19.8%, better
Market sensitivityBeta, 5 years: FNK 0.98SCHV 0.83; Market = 1

FNK and SCHV in the news

All news⁠

Best ETFs
Best large-cap value ETFs: Vanguard’s VTV at 0.03%, or VONV for the Russell 1000 Value
Updated Nov 3, 2026SCHV
Category Review
One US value fund returned 68% with Micron at 22.5%. The median returned 22%
Updated Sep 23, 2026SCHV

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FNK vs SCHV

In short

Stated mandate

Why people hold it

Worth knowing

How FNK and SCHV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FNK

Only in SCHV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Best large-cap value ETFs: Vanguard’s VTV at 0.03%, or VONV for the Russell 1000 Value

One US value fund returned 68% with Micron at 22.5%. The median returned 22%

How FNK and SCHV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FNK

Only in SCHV

Weight gaps