Should First Trust Mid Cap Core AlphaDEX ETF (FNX) Be on Your Investing Radar?

First Trust Mid Cap Core AlphaDEX ETF (FNX) is a passively managed mid-cap blend ETF with $1.39 billion in assets. While it has delivered solid returns of 15.45% year-to-date and 16.79% over the past year, its 0.62% expense ratio is relatively high compared to competitors. The ETF carries a Zacks ETF Rank of 3 (Hold) and is recommended primarily for long-term investors seeking mid-cap exposure, though alternatives like Vanguard Morningstar Mid-Cap ETF and iShares Core S&P Mid-Cap ETF offer significantly lower expense ratios.