FNYETF

The First Trust Mid Cap Growth AlphaDEX ETF (FNY) is reviewed as a reasonable smart beta option for mid-cap growth investors, with $574.27 million in assets and a 0.73% expense ratio. However, it underperforms cheaper alternatives like Vanguard Morningstar Mid-Cap Growth ETF (VOT) at 0.05% and iShares Russell Mid-Cap Growth ETF (IWP) at 0.23%. FNY has returned 10.52% year-to-date and 8.14% over 12 months with a beta of 1.20, making it a medium-risk choice.