This ETF is one of several that offers targeted exposure to mid cap value stocks, a corner of the U.S. stock market that features a unique risk/return profile relative to equities of other sizes and styles and that may be attractive in certain environments. Given the narrow focus, FNK might not be a consideration for those building a long-term, buy-and-hold portfolio; many investors will elect to achieve exposure to this segment of the domestic market through more broadly-based equity ETFs that don't focus exclusively on a single style. FNK might be most effective for those interested in establishing a tactical tilt towards mid cap stocks. FNK is different from other options in the Mid Cap Value ETFdb Category because of the strategy employed by the underlying index. FNY is part of the AlphaDEX suite of products that are linked to indexes that use quant-based screens to select individual stocks deemed to possess the greatest potential for capital appreciation. Access to this process, which is based on quantitative analysis, comes with a higher price tag; FNK has an expense ratio well above the low cost ETF options such as VOE or IJJ. For those who believe that the AlphaDEX methodology is capable of generating excess returns over the long run, FNK might be an appealing way to access this asset class. For those looking to keep costs down and are happy to simply own the market, this ETF probably isn't all that appealing. Investors that fall into that camp are more likely to utilize an ETF such as VOE or IVOV, both of which are cheaper than FNK by wide margins.
The adjacent table gives investors an individual Realtime Rating for FNK on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Mid Cap Value Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.
This ETF is not currently available for commission free trading on any platforms.
There are 9 other ETFs in the Mid Cap Value Equities ETFdb Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of FNK relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb Category.
2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.