FYX vs IMCV: Grades, Fees and Holdings Compared

First Trust Small Cap Core AlphaDEX Fund

FYXBNasdaq

iShares Morningstar Mid-Cap Value ETF

IMCVANasdaq

Overlap

0.0%by weight

Expense ratio

IMCV −0.52pt a year

FYX0.58%IMCV0.06%

Avg volume · 30D

IMCV 1.1×the volume

FYX34.9KIMCV38.9K

10Y return · a year

FYX +1.5pt

FYX+12.6%IMCV+11.1%

FYX vs IMCV Performance

Oct 29, 2021 – Oct 30, 2026

+53.6%FYX+68.3%IMCV

Expense ratio: FYX 0.58%; IMCV 0.06%, better
Fund size: FYX $1.38B; IMCV $1.27B
1Y total return: FYX +27.5%, better; IMCV +27.0%
Yield (12M): FYX 1.10%; IMCV 1.84%, better
Holdings: FYX 526; IMCV 271
Avg volume (30D): FYX 34.9K sh; IMCV 38.9K sh, better
NAV per share: FYX $138.29; IMCV $99.16
52W range

ETF.net Grade

Pillar letters and Scores for FYX, IMCV, with each pillar’s weight
Pillar	FYX	IMCV
Cost30% weight	F19	A96Higher
Mission25% weight	A94Higher	A76
Risk15% weight	C40	A77Higher
Tradability15% weight	B61	B69Higher
Holdings10% weight	A86Higher	B69
Durability5% weight	A70	A77Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. FYX and IMCV are both graded against the same 99 US Multifactor funds, so their Grades compare head to head.

US Multifactor⁠

Category · 99 funds

See all 99 ›

IMCV ranks 4th and FYX 48th of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 2AVYMVanguard High Dividend Yield ETFScore 81
Rank 4AIMCViShares Morningstar Mid-Cap Value ETFScore 80
Rank 5ADCORU.S. Core Equity 1 Portfolio ETF Class SharesScore 79
Rank 48BCOWSAmplify Cash Flow Dividend Leaders ETFScore 56
Rank 48BFYXFirst Trust Small Cap Core AlphaDEX FundScore 56
Rank 50CCSMProShares Large Cap Core PlusScore 55

Our read on each fund

ETF.net Research

FYXBFirst Trust Small Cap Core AlphaDEX Fund

IMCVAiShares Morningstar Mid-Cap Value ETF

In short

FYX A smart-beta original, running since 2007. Rather than owning small caps by market size, FYX ranks them on growth and value screens and holds roughly 500 that make the cut. Rules-based stock selection, priced like the screen it runs.

IMCV No data

Stated mandate

FYX The Fund seeks returns that generally correspond to the price and yield of the Nasdaq AlphaDEX Small Cap Core Index before fees and expenses.

IMCV No data

Why people hold it

FYX Running since 2007, one of the longest-tenured rules-based factor funds in small caps, and today a multi-billion-dollar fund.
The AlphaDEX screen ranks small caps on growth and value, then buys what passes. Stock selection by rulebook, not a market-cap list.ftportfolios.com
Roughly 500 holdings, so no single name drives the fund even after the screen narrows the field.
Has stayed tight to the Nasdaq AlphaDEX Small Cap Core Index it targets, and distributes quarterly.

IMCV No data

Worth knowing

FYX The 0.58% fee sits well above factor peers like FNDX (0.25%) and VONV (0.06%). The screen carries the burden of that gap.
Trades thinner than the headline small-cap funds, which makes bid-ask spreads worth watching.
The screen reshuffles which small caps it owns, so it can diverge sharply from a plain market-cap small-cap index in either direction.

IMCV No data

Full FYX profile⁠

Full IMCV profile⁠

FYX vs IMCV Holdings

How FYX and IMCV differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of FYX and 0.0% of IMCV.

Level by level

Holdings0 in both0.0%
Sector11 Sectors77.8%
Countryby domicile98.9%
Asset classEquity100%

Sector

Sector weights in FYX and IMCV, widest gap first
Sector	More in FYXMore in IMCV	FYX	IMCV
Energy	IMCV +7.6 points	5.8%	13.4%
Utilities	IMCV +7.2 points	1.8%	9.0%
Consumer Discretionary	FYX +7.1 points	14.0%	6.9%
Technology	FYX +5.3 points	11.8%	6.5%
Health Care	FYX +3.6 points	15.8%	12.2%
Consumer Staples	IMCV +3.3 points	5.4%	8.7%
Industrials	IMCV +2.6 points	11.6%	14.2%
Communication	FYX +2.4 points	3.5%	1.1%
Real Estate	FYX +1.9 points	6.5%	4.6%
Financials	FYX +1.9 points	20.4%	18.5%
Materials	IMCV +1.6 points	3.4%	5.0%

Country, concentration and asset class

Country by domicile

Country weights in FYX and IMCV, widest gap first
Country	More in FYXMore in IMCV	FYX	IMCV
United States	FYX +0.8 points	99.5%	98.7%
Other countries (7)	IMCV +0.8 points	0.5%	1.3%

Concentration

Weight in the 10 largest Holdings

FYX4.0%
IMCV13.2%

Securities held

FYX525
IMCV268

Asset class

FYX: Equity
IMCV: Equity

Holdings

Only in FYX525
In both0
Only in IMCV268

Only in FYX

525 securities, 99.8% of FYX by weight

Appian Corporation0.43%
DXC Technology Company0.42%
CareDx, Inc.0.41%
Kohl's Corporation0.40%
Stagwell Inc.0.39%
Harley-Davidson, Inc.0.39%
Slide Insurance Holdings, Inc.0.38%
Amplitude, Inc. (Class A)0.38%
Academy Sports and Outdoors, Inc.0.38%
FIGS, Inc. (Class A)0.38%
Mattel, Inc.0.37%
First Advantage Corporation0.37%
MAXIMUS, Inc.0.37%
Comstock Resources, Inc.0.37%
Heartflow, Inc.0.36%
Everforth Incorporated0.36%
Asbury Automotive Group, Inc.0.35%
Pebblebrook Hotel Trust0.35%
NMI Holdings, Inc. (Class A)0.35%
Post Holdings, Inc.0.35%
Flowers Foods, Inc.0.35%
Flywire Corporation0.34%
Septerna, Inc.0.34%
PROG Holdings Inc.0.34%
Xeris Biopharma Holdings, Inc.0.34%
G-III Apparel Group, Ltd.0.34%
Tenable Holdings, Inc.0.34%
Gulfport Energy Corporation0.34%
Sally Beauty Holdings, Inc.0.34%
American Eagle Outfitters, Inc.0.34%
Vistance Networks Inc.0.34%
Braze, Inc. (Class A)0.34%
MillerKnoll Inc.0.34%
BJ's Restaurants, Inc.0.33%
AtriCure, Inc.0.33%
Group 1 Automotive, Inc.0.33%
Avista Corporation0.33%
Thor Industries, Inc.0.33%
The Pennant Group, Inc.0.33%
Atlanticus Holdings Corporation0.33%
SiriusPoint Ltd.0.33%
Fortrea Holdings Inc.0.33%
Hamilton Insurance Group, Ltd. (Class B)0.33%
Encore Capital Group, Inc.0.32%
Bread Financial Holdings, Inc.0.32%
AMN Healthcare Services, Inc.0.32%
Assured Guaranty Ltd.0.32%
Clover Health Investments, Corp.0.32%
Resideo Technologies, Inc.0.32%
Yelp Inc.0.32%

Only in IMCV

268 securities, 99.9% of IMCV by weight

Automatic Data Processing Inc1.60%
Valero Energy Corp1.57%
Phillips 661.54%
Us Bancorp1.27%
Regeneron Pharmaceuticals1.25%
Pnc Financial Services Group1.24%
3M1.23%
Elevance Health Inc1.20%
Eog Resources1.19%
Mondelez International Class A1.14%
Travelers Companies1.13%
United Parcel Service Inc Class B1.11%
Slb1.09%
Moderna1.08%
General Motors1.05%
Cigna1.04%
Hewlett Packard Enterprise1.00%
Target Corp0.96%
Cheniere Energy0.93%
Kinder Morgan0.91%
Marathon Petroleum0.88%
Oneok0.83%
Truist Financial0.82%
Marsh0.82%
Devon Energy0.78%
Sempra0.77%
Dominion Energy0.77%
Aflac0.76%
Becton Dickinson0.74%
Metlife0.73%
Williams0.72%
Delta Air Lines0.72%
Paccar Inc0.69%
Colgate-Palmolive0.69%
Xcel Energy Inc0.68%
PayPal Holdings0.67%
Keurig Dr Pepper Inc0.66%
Ford Motor Co0.66%
Strategy Inc Class A0.65%
Exelon Corp0.65%
Northrop Grumman Corp0.64%
Occidental Petroleum Corp0.64%
Nike Class B0.62%
Iqvia Holdings Inc0.60%
Consolidated Edison0.59%
Norfolk Southern Corp0.59%
American Electric Power Inc0.56%
American International Group0.56%
Prudential Financial Inc0.55%
Sysco0.54%

Weight gaps

FYX and IMCV share no securities.

All 525 FYX holdings⁠All 268 IMCV 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.

FYX vs IMCV Cost

Overpaying FYX vs IMCV

$10,183

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

FYX 0.58%
$11,453
IMCV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

FYX 0.58%
IMCV 0.06%
Overpaying

Year by year

Year	FYX	IMCV	Overpaying
10	$1,041	$110	$931
20	$3,986	$432	$3,554
30	$11,453	$1,270	$10,183

Expense ratio

0.58%FYX
0.06%IMCV, cheaper

IMCV0.06%FYX0.58%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

IMCV 4th cheapest of 99 funds

FYX 79th cheapest of 99 funds

FYX vs IMCV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FYX 1.10%; IMCV 1.84%, better
Payout (12M): FYX $1.52; IMCV $1.83
Last payment: FYX $0.51; IMCV $0.52
Ex-dividend: FYX Sep 24, 2026; IMCV Sep 15, 2026
Paid on: FYX Sep 30, 2026; IMCV Sep 18, 2026
Frequency: FYX Quarterly; IMCV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FYXQuarterly · 37 paymentsAll FYX payments⁠

IMCVQuarterly · 39 paymentsAll IMCV payments⁠

FYX vs IMCV Risk

Fall from peak · 5 years

FYX
IMCV

Risk facts

VolatilityStd dev, 3 years: FYX 18.9%IMCV 13.6%, better
Return per unit of riskSharpe ratio, 3 years: FYX 0.99IMCV 1.22, better
Worst fallMax drawdown, 5 years: FYX −27.9%IMCV −19.9%, better
Market sensitivityBeta, 5 years: FYX 1.08IMCV 0.88; Market = 1

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