FAD vs IWP
First Trust Multi Cap Growth AlphaDEX Fund compared with iShares Russell Mid-Cap Growth ETF on yield, payout growth, payment schedule, cost and risk.
FAD
First Trust Multi Cap Growth AlphaDEX Fund
TTM yield · Quarterly
IWP
iShares Russell Mid-Cap Growth ETF
TTM yield · Quarterly
Quick take
- IWP yields more today: 0.47% vs 0.12% (forward).
- FAD has grown its payout faster: 23.8%/yr vs 10.6%/yr over the last 5 years.
- Both pay every quarter.
- Over the last year FAD delivered the higher total return: +9.8% vs -6.4% (price change plus payouts).
- IWP is cheaper to own: 0.23% vs 0.63% expense ratio.
- IWP has the steadier distribution: consistency 76/100 vs 8/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FAD | IWP |
|---|---|---|
| Share price | $176.17 | $132.81 |
| TTM yield | 0.09% | 0.40% |
| Forward yield | 0.12% | 0.47% |
| Annual payout per share | $0.208 | $0.62 |
| Payment frequency | Quarterly | Quarterly |
| Next ex-date | Dec 24, 2026 (est.) | Dec 15, 2026 (est.) |
| Expense ratio | 0.63% | 0.23% |
| 1-year payout growth | +6.2% | +12.6% |
| 5-year payout CAGR | +23.8% | +10.6% |
| Consecutive years of increases | 0 years | 1 year |
| Payout consistency (last 12) | 8/100 | 76/100 |
| 1-year total return | +9.8% | -6.4% |
| 1-year price return | +9.7% | -6.7% |
| Size (market cap / AUM) | 597.5M | 19.3B |
| Years paying | 18.8 | 25.1 |
| Sector / category | Mid-Cap Growth | Mid-Cap Growth |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| FAD | IWP | |
|---|---|---|
| Shares | 56.8 | 75.3 |
| Income per year | $12 | $47 |
| Income per month (avg) | $1 | $4 |
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FAD Dec 24, 2026 | Dec 29, 2026 | $0.052 | Est. |
| FAD Mar 25, 2027 | Mar 30, 2027 | $0.052 | Est. |
| FAD Jun 24, 2027 | Jun 29, 2027 | $0.052 | Est. |
| IWP Dec 15, 2026 | Dec 29, 2026 | $0.155 | Est. |
| IWP Mar 16, 2027 | Mar 30, 2027 | $0.155 | Est. |
| IWP Jun 15, 2027 | Jun 29, 2027 | $0.155 | Est. |
Annual payouts per share
FADIWP
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, FAD or IWP?
IWP currently has the higher trailing yield: FAD yields 0.09% and IWP yields 0.40%. Yield changes daily with price, so check the live figures above.
How often do FAD and IWP pay?
FAD pays every quarter and IWP pays every quarter. FAD's next ex-date is Dec 24, 2026 and IWP's is Dec 15, 2026.
Which has grown its dividend faster, FAD or IWP?
FAD has grown its payout faster: 23.8%/yr vs 10.6%/yr over the last 5 years.
Is FAD or IWP better for income?
It depends on what you are optimising for. FAD and IWP differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.