This ETF is one of several products offering exposure to mid cap growth stocks, a corner of the domestic equity market that may feature a unique risk/return profile and be attractive in certain environments. Given the narrow focus, FNY might not be on the radar screens of those building a long-term, buy-and-hold portfolio; many investors will elect to achieve exposure to this slice of the market through more broadly-based equity ETFs that don’t focus exclusively on a single style. FNY can, however, be useful to those building U.S. equity exposure piece by piece or for those looking to implement a tactical tilt towards this corner of the market. FNY stands apart from other options in the Mid Cap Growth ETFdb Category because of the unique methodology behind the underlying index. FNY is part of the AlphaDEX suite of products that seek to replicate “enhanced” indexes that rely on quant-based screens to determine component companies. This process aims to select the most promising stocks from the broader universe, which if successful would result in a product that outperforms indexes that simply own the market. As such, FNY blurs the lines between active and passive management; this indexed product essentially seeks to outperform cap-weighted benchmarks. For those who think the AlphaDEX methodology can generate excess returns over the long run, FNY might be a nice way to access this asset class. For those looking to keep costs down and happy to simply own the market; FNY probably doesn’t have much appeal; this fund is considerably more expensive than alternatives such as VOT or IJK.
| Segment | Equity: U.S. - Mid Cap Growth |
| Category | Size and Style |
| Focus | Mid Cap |
| Niche | Growth |
| Strategy | Growth |
| Weighting Scheme | Tiered |
This section compares how balanced and deep this ETF is relative to its peers.
| FNY | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 224 | 231 | 166 |
| % of Assets in Top 10 | 9.94% | 19.05% | 22.90% |
| % of Assets in Top 15 | 14.10% | 26.29% | 31.26% |
| % of Assets in Top 50 | 38.92% | 56.70% | 60.97% |
| FNY | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | 11.66% | 43.78% | 40.74% |
| Mid (>2.7B) | 87.88% | 50.01% | 43.28% |
| Small (>600M) | 0.40% | 0.96% | 1.02% |
| Micro (<600M) | 0.00% | 0.07% | 0.14% |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| FNY | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.06 | $ 0.24 | $ 0.23 |
| Dividend Date | 2023-12-22 | N/A | N/A |
| Annual Dividend Rate | $ 0.08 | $ 0.71 | $ 0.42 |
| Annual Dividend Yield | 0.11% | 0.85% | 0.51% |
View charts featuring FNY price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 15.94 M 6 Month Net Flows: 5.16 M 1 Year Net Flows: 32.42 M 3 Year Net Flows: -80.68 M 5 Year Net Flows: -96.87 M 10 Year Net Flows: 81 MView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: -1.21 MThe adjacent table gives investors an individual Realtime Rating for FNY 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 ETF Database Pro members, shows the ETF in the Mid Cap Growth 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 ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Qualified dividends |
| Distributes K1 | No |
This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.
| FNY |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -0.34% | -0.67% | -0.18% |
| 3 Month Return | -0.78% | -1.33% | -0.99% |
| YTD Return | 7.62% | 9.02% | 7.75% |
| 1 Year Return | 13.13% | 16.05% | 13.83% |
| 3 Year Return | -0.69% | 1.53% | 0.06% |
| 5 Year Return | 10.15% | 6.84% | 6.01% |
The following charts reflect the geographic spread of FNY's underlying holdings.
| Region | Percentage |
|---|---|
| North, Central and South America | 99.98% |
| Other | 0.06% |
| Country | Percentage |
|---|---|
| United States | 99.14% |
| Ireland | 0.68% |
| United Kingdom | 0.16% |
| Other | 0.06% |
The following charts reflect the allocation of FNY's underlying holdings.
| Sector | Percentage |
|---|---|
| Technology Services | 14.85% |
| Producer Manufacturing | 13.28% |
| Finance | 11.74% |
| Health Technology | 7.77% |
| Retail Trade | 6.66% |
| Consumer Services | 6.53% |
| Industrial Services | 6.47% |
| Consumer Non-Durables | 6.22% |
| Electronic Technology | 5.49% |
| Commercial Services | 5.24% |
| Transportation | 4.04% |
| Process Industries | 2.55% |
| Consumer Durables | 2.25% |
| Health Services | 2.05% |
| Non-Energy Minerals | 1.63% |
| Energy Minerals | 1.4% |
| Distribution Services | 1.24% |
| Utilities | 0.31% |
| Communications | 0.26% |
| CASH | 0.06% |
| Market Cap | Percentage |
|---|---|
| Mid | 87.88% |
| Large | 11.66% |
| Small | 0.4% |
| Micro | 0.0% |
| Region | Percentage |
|---|
| Asset | Percentage |
|---|---|
| Share/Common/Ordinary | 99.98% |
| CASH | 0.06% |
| Sector | Percentage |
|---|---|
| Technology Services | 14.85% |
| Producer Manufacturing | 13.28% |
| Finance | 11.74% |
| Health Technology | 7.77% |
| Retail Trade | 6.66% |
| Consumer Services | 6.53% |
| Industrial Services | 6.47% |
| Consumer Non-Durables | 6.22% |
| Electronic Technology | 5.49% |
| Commercial Services | 5.24% |
| Transportation | 4.04% |
| Process Industries | 2.55% |
| Consumer Durables | 2.25% |
| Health Services | 2.05% |
| Non-Energy Minerals | 1.63% |
| Energy Minerals | 1.4% |
| Distribution Services | 1.24% |
| Utilities | 0.31% |
| Communications | 0.26% |
| CASH | 0.06% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 197.41% |
| 20 Day Volatility | 13.85% |
| 50 Day Volatility | 15.03% |
| 200 Day Volatility | 16.60% |
| Beta | 1.13 |
| Standard Deviation | 5.46% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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