First Trust Mid Cap Value AlphaDEX Fund (FNK) Performance
FNK total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +14.3% since Dec 31, 2025
- 1 year
- +16.7% total return
- 5 years
- +7.8% a year
- 10 years
- +9.7% a year
- Since first price
- +9.1% a year since 2011
FNK trailing returns vs SPY, QQQ, AGG
| Period | FNK total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +3.7% | +3.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.5% | +1.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.5% | +4.7% | +7.8% | +8.4% | −1.5% |
| YTD | +14.3% | +13.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +16.7% | +14.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +56.5%+16.1%/yr | +48.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +45.7%+7.8%/yr | +33.8% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +153.0%+9.7%/yr | +114.0% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +357.2%+10.7%/yr | +265.0% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionApr 20, 2011 | +288.3%+9.1%/yr | +209.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FNK vs SPY
From Apr 20, 2011: FNK grew to $38,828, SPY to $74,895.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FNK returns by calendar year
11 of 14 full years positive. Best 2013 (+38.5%), worst 2018 (−14.7%). 2026 is year to date.
FNK annual returns table
| Year | FNK | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +14.3% | −9.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +5.6% | −22.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +6.6% | −9.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +21.0% | −17.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −7.2% | −20.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +33.6% | −8.7% | +28.7% | +27.4% | −1.8% |
| 2020 | +1.2% | −49.9% | +18.3% | +48.6% | +7.5% |
| 2019 | +20.6% | −15.0% | +31.2% | +39.0% | +8.5% |
| 2018 | −14.7% | −22.2% | −4.6% | −0.1% | +0.1% |
| 2017 | +11.8% | −6.2% | +21.7% | +32.7% | +3.6% |
| 2016 | +26.4% | −11.1% | +12.0% | +7.1% | +2.4% |
| 2015 | −13.5% | −19.3% | +1.2% | +9.4% | +0.5% |
| 2014 | +5.6% | −13.0% | +13.5% | +19.2% | +6.0% |
| 2013 | +38.5% | −6.4% | +32.3% | +36.6% | −2.0% |
| 2012 | +16.6% | −14.1% | +16.0% | +18.1% | +3.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FNK largest drawdowns
Now 2.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 21, 2018 | −50.7% | Mar 23, 2020 | Jan 6, 2021 | 1.6 years | 2.4 years |
| Apr 15, 2015 | −27.4% | Jan 20, 2016 | Nov 17, 2016 | 9 months | 1.6 years |
| Jul 7, 2011 | −26.2% | Oct 4, 2011 | Feb 3, 2012 | 3 months | 7 months |
| Nov 25, 2024 | −25.2% | Apr 8, 2025 | Jan 6, 2026 | 4 months | 1.1 years |
| Jan 14, 2022 | −20.4% | Sep 30, 2022 | Jan 27, 2023 | 9 months | 1.0 years |
| Feb 2, 2023 | −17.8% | May 4, 2023 | Dec 14, 2023 | 3 months | 10 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FNK risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2011 |
|---|---|---|---|---|
| Annualized return | +11.7% | +7.7% | +8.9% | +8.6% |
| Volatility (annualized) | 17.6% | 20.3% | 22.5% | 20.4% |
| Sharpe ratio | 0.47 | 0.29 | 0.39 | 0.44 |
| Sortino ratio | 0.76 | 0.46 | 0.58 | 0.65 |
| Best month | +11.9% | +12.8% | +20.1% | +20.1% |
| Worst month | −7.7% | −10.9% | −29.7% | −29.7% |
| Best 12 months | +28.7% | +30.8% | +107.0% | +107.0% |
| Worst 12 months | −5.2% | −12.4% | −37.7% | −37.7% |
| Positive months | 58% | 53% | 61% | 60% |
| Beta vs S&P 500 | 0.88 | 0.97 | 1.20 | — |
| Correlation with S&P 500 | 0.62 | 0.75 | 0.81 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FNK rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 175 | −37.7% | +8.7% | +107.0% | 73% |
| 3-year (a year) | 151 | −12.8% | +8.9% | +29.7% | 93% |
| 5-year (a year) | 127 | −6.0% | +8.7% | +21.1% | 97% |
| 10-year (a year) | 67 | +5.8% | +8.7% | +12.1% | 100% |
Every holding period starting at a month-end since 2011. Returns for 3 years and longer are annualized.
FNK performance overview
First Trust Mid Cap Value AlphaDEX Fund (FNK) returned +16.7% over the past year and +9.7% a year over ten years, with distributions reinvested. Since its first recorded price in 2011 it has returned +9.1% a year, turning $10,000 into about $38,828. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −50.7%, from Aug 21, 2018 to Mar 23, 2020, and it took 9 months to get back to the old high. FNK finished 11 of its 14 full calendar years with a gain; the best year was 2013 (+38.5%) and the worst 2018 (−14.7%). Volatility has been 20.4% a year.
Related: FNK chart, FNK holdings, FNK dividends, FNK valuation. See the FNK overview for the latest quote and fund facts.
FNK performance FAQ
What is the FNK return over the past year?
FNK returned +16.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.7%.
What is the average annual return of FNK?
FNK has returned +7.8% a year over 5 years, +9.7% a year over 10 years, +9.1% a year since April 20, 2011 (total return, distributions reinvested).
How much would $10,000 invested in FNK be worth?
$10,000 invested in FNK at its first recorded close on April 20, 2011 would be worth about $38,828 on October 23, 2026 with distributions reinvested.
What was the worst year for FNK?
The worst calendar year was 2018, with a total return of −14.7%. The best was 2013 at +38.5%.
What is the biggest drawdown of FNK?
The largest peak-to-trough decline was −50.7% between August 21, 2018 and March 23, 2020. It recovered to the old high on January 6, 2021, 9 months after the bottom.
How volatile is FNK?
Over the past 3 years FNK had an annualized volatility of 17.6% and a Sharpe ratio of 0.47 (excess return over 1–3 month T-bills per unit of risk).