Is First Trust Mid Cap Value AlphaDEX ETF (FNK) a Strong ETF Right Now?

First Trust Mid Cap Value AlphaDEX ETF (FNK) is a smart beta ETF launched in 2011 with $233.42 million in assets. The fund has delivered 17.04% year-to-date returns and 17.57% over the past year, with a 0.74% expense ratio that is relatively high compared to competitors. FNK holds 226 stocks with heavy exposure to Financials, Consumer Discretionary, and Energy sectors. However, cheaper alternatives like iShares Russell Mid-Cap Value ETF (IWS) and Vanguard Morningstar Mid-Cap Value ETF (VOE) offer lower expense ratios and larger asset bases.