First Trust Mid Cap Core AlphaDEX Fund (FNX) Performance
FNX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.1% since Dec 31, 2025
- 1 year
- +11.7% total return
- 5 years
- +7.3% a year
- 10 years
- +11.6% a year
- Since first price
- +9.3% a year since 2007
FNX trailing returns vs SPY, QQQ, AGG
| Period | FNX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.1% | +0.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.5% | −2.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.2% | +0.7% | +7.8% | +8.4% | −1.5% |
| YTD | +11.1% | +10.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +11.7% | +10.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +65.6%+18.3%/yr | +60.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +42.1%+7.3%/yr | +34.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +199.8%+11.6%/yr | +168.3% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +411.4%+11.5%/yr | +337.4% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionMay 10, 2007 | +459.4%+9.3%/yr | +365.9% | — | — | — |
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: FNX vs SPY
From May 10, 2007: FNX grew to $55,942, SPY to $72,541.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FNX returns by calendar year
14 of 18 full years positive. Best 2009 (+46.8%), worst 2008 (−36.5%). 2026 is year to date.
FNX annual returns table
| Year | FNX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.1% | −9.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +9.9% | −22.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +12.2% | −9.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +20.4% | −15.3% | +26.2% | +54.9% | +5.7% |
| 2022 | −13.6% | −22.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +25.0% | −9.0% | +28.7% | +27.4% | −1.8% |
| 2020 | +16.0% | −44.0% | +18.3% | +48.6% | +7.5% |
| 2019 | +27.0% | −9.3% | +31.2% | +39.0% | +8.5% |
| 2018 | −11.2% | −25.5% | −4.6% | −0.1% | +0.1% |
| 2017 | +17.7% | −5.1% | +21.7% | +32.7% | +3.6% |
| 2016 | +18.7% | −10.9% | +12.0% | +7.1% | +2.4% |
| 2015 | −8.1% | −15.0% | +1.2% | +9.4% | +0.5% |
| 2014 | +5.5% | −12.7% | +13.5% | +19.2% | +6.0% |
| 2013 | +37.9% | −6.5% | +32.3% | +36.6% | −2.0% |
| 2012 | +14.0% | −13.1% | +16.0% | +18.1% | +3.8% |
| 2011 | +0.8% | −26.4% | +1.9% | +3.4% | +7.7% |
| 2010 | +26.6% | −18.3% | +15.1% | +19.9% | +6.4% |
| 2009 | +46.8% | −28.2% | +26.4% | +54.7% | +3.0% |
| 2008 | −36.5% | −51.6% | −36.8% | −41.7% | +7.9% |
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.
FNX largest drawdowns
Now 5.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 12, 2007 | −57.1% | Mar 6, 2009 | Apr 23, 2010 | 1.7 years | 2.8 years |
| Feb 20, 2020 | −44.0% | Mar 23, 2020 | Nov 9, 2020 | 32 days | 9 months |
| Jul 7, 2011 | −26.4% | Oct 3, 2011 | Mar 13, 2012 | 3 months | 8 months |
| Aug 29, 2018 | −25.5% | Dec 24, 2018 | Dec 16, 2019 | 4 months | 1.3 years |
| Nov 25, 2024 | −25.0% | Apr 8, 2025 | Sep 11, 2025 | 4 months | 10 months |
| Nov 8, 2021 | −24.4% | Sep 26, 2022 | Dec 19, 2023 | 11 months | 2.1 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FNX risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | +14.8% | +7.9% | +11.1% | +9.0% |
| Volatility (annualized) | 17.6% | 19.8% | 20.5% | 20.0% |
| Sharpe ratio | 0.63 | 0.30 | 0.51 | 0.46 |
| Sortino ratio | 1.05 | 0.47 | 0.76 | 0.69 |
| Best month | +10.9% | +11.2% | +16.9% | +19.7% |
| Worst month | −8.1% | −11.2% | −24.2% | −24.2% |
| Best 12 months | +35.4% | +35.4% | +96.7% | +96.7% |
| Worst 12 months | −2.6% | −16.9% | −27.1% | −40.6% |
| Positive months | 58% | 53% | 62% | 60% |
| Beta vs S&P 500 | 1.09 | 1.06 | 1.18 | — |
| Correlation with S&P 500 | 0.77 | 0.84 | 0.88 | — |
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.
FNX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 222 | −40.6% | +10.5% | +96.7% | 74% |
| 3-year (a year) | 198 | −5.2% | +11.5% | +34.0% | 97% |
| 5-year (a year) | 174 | −1.4% | +10.9% | +28.2% | 99% |
| 10-year (a year) | 114 | +6.4% | +10.8% | +17.1% | 100% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
FNX performance overview
First Trust Mid Cap Core AlphaDEX Fund (FNX) returned +11.7% over the past year and +11.6% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned +9.3% a year, turning $10,000 into about $55,942. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −57.1%, from Jul 12, 2007 to Mar 6, 2009, and it took 1.1 years to get back to the old high. FNX finished 14 of its 18 full calendar years with a gain; the best year was 2009 (+46.8%) and the worst 2008 (−36.5%). Volatility has been 20.0% a year.
Related: FNX chart, FNX holdings, FNX dividends, FNX valuation. See the FNX overview for the latest quote and fund facts.
FNX performance FAQ
What is the FNX return over the past year?
FNX returned +11.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 10.5%.
What is the average annual return of FNX?
FNX has returned +7.3% a year over 5 years, +11.6% a year over 10 years, +9.3% a year since May 10, 2007 (total return, distributions reinvested).
How much would $10,000 invested in FNX be worth?
$10,000 invested in FNX at its first recorded close on May 10, 2007 would be worth about $55,942 on October 23, 2026 with distributions reinvested.
What was the worst year for FNX?
The worst calendar year was 2008, with a total return of −36.5%. The best was 2009 at +46.8%.
What is the biggest drawdown of FNX?
The largest peak-to-trough decline was −57.1% between July 12, 2007 and March 6, 2009. It recovered to the old high on April 23, 2010, 1.1 years after the bottom.
How volatile is FNX?
Over the past 3 years FNX had an annualized volatility of 17.6% and a Sharpe ratio of 0.63 (excess return over 1–3 month T-bills per unit of risk).