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Launched · SEC filings

First Trust Technology AlphaDEX Fund

FXLNYSE ArcaFirst TrustC

$209.13−4.47 (−2.09%)

As of Nov 2, 2026, 3:59 PM ET

C51/ 100

Rank 16 of 25 in Technology (Broad)

C51/100Rank 16 of 25inTechnology (Broad)
Intraday session: down, 78 prints from 213.60 to 209.13. Range 208.94 to 214.78. Use the arrow keys to read each point.210.00211.00212.00215.0010 AM12 PM2 PM4 PM
Expense ratio
0.60%
Fund size
$2.68B
1Y total return
+21.6%
Yield · Last 12 months
0.00%
Holdings
111
Avg volume · 30D
130K sh
52W range
low $151.62high $231.93
Launched
Filings
SEC EDGAR

The ETF.net FXL Grade

Based on 5 of 6 pillars

C

Score 51 out of 100

Category
Technology (Broad)⁠
Rank
16 of 25
Six-pillar profile for FXL. Scores out of 100: Cost 31, Risk 56, Mission not scored, Tradability 63, Holdings 87, Durability 59. Strongest: Holdings (87). Weakest: Cost (31). Based on 5 of 6 pillars.

Score 51 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D31 out of 100
    Rank 17 of 25

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B56 out of 100
    Rank 13 of 25

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B63 out of 100
    Rank 9 of 25

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A87 out of 100
    Rank 3 of 24

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B59 out of 100
    Rank 13 of 25

Our read on FXL

ETF.net Research

In short

CA 2007-vintage tech fund that skips the cap-weighted default. Roughly 100 names selected and weighted by the rules of the StrataQuant Technology Index: smart beta before the label caught on.

Stated mandate

Seeks investment results that correspond generally to the price and yield, before fees and expenses, of the StrataQuant® Technology equity index.

Why people hold it

  • Running since 2007 and now a multi-billion-dollar fund, it is a long-tenured rules-based take on the tech sector, not a recent launch chasing a theme.
  • Roughly 100 tech names in one wrapper, chosen by the StrataQuant Technology Index's published rules rather than by a manager's judgment.
  • The 0.60% expense ratio sits below the median for its peer group, and it is among the easier funds in that group to trade.
  • Stands in the upper tier of a large field of active and rules-driven US equity funds.

Worth knowing

  • At 0.60%, it costs several times what top-ranked core peers charge (DFAU at 0.12%, FELC at 0.18%). The screen carries that price gap.
  • One sector, about 100 stocks. Concentration like that moves in bigger steps than a broad-market fund, up and down.
  • Income is a side effect here: distributions land once or twice a year, not monthly or quarterly.

FXL Performance

Launched May 8, 2007

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

FXL$12,158
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. FXL $12,158. SPY $11,199. Use the arrow keys to read each point.$10,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FXL. Periods over one year show the average yearly return.
PeriodFXL
Year to date+26.9%
1 month−3.3%
3 months+6.8%
1 year+21.6%
3 yearsper year+26.6%
5 yearsper year+10.2%
10 yearsper year+19.7%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FXL
YearReturn barFXL
2026 YTD+26.9%
2025+13.3%
2024+16.1%
2023+40.5%
2022−30.4%
2021+18.2%
2020+54.2%

FXL in the news

FXL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2025

One bar per payment. 31 payments from 2016 to 2025. Mar 23, 2016 $0.09; Jun 22, 2016 $0.06; Sep 21, 2016 $0.14; Dec 21, 2016 $0.13; Mar 23, 2017 $0.04; Jun 22, 2017 $0.04; Sep 21, 2017 $0.03; Dec 21, 2017 $0.02; Mar 22, 2018 $0.02; Jun 21, 2018 $0.02; Dec 28, 2018 $0.06; Mar 21, 2019 $0.13; Jun 14, 2019 $0.03; Sep 25, 2019 $0.06; Dec 13, 2019 $0.05; Mar 26, 2020 $0.03; Jun 25, 2020 $0.02; Sep 23, 2021 $0.02; Dec 23, 2021 $0.12; Mar 25, 2022 $0.12; Jun 24, 2022 $0.05; Sep 23, 2022 $0.06; Dec 23, 2022 $0.08; Mar 24, 2023 $0.08; Jun 27, 2023 $0.04; Sep 22, 2023 $0.03; Dec 22, 2023 $0.37; Mar 21, 2024 $0.12; Sep 26, 2024 $0.02; Dec 13, 2024 $0.03; Sep 25, 2025 $0.0098. Use the arrow keys to read each point.2016201720182019202020212022202320242025
Ex-datePay dateAmount per share
Sep 25, 2025Sep 30, 2025$0.0098
Dec 13, 2024Dec 31, 2024$0.03
Sep 26, 2024Sep 30, 2024$0.02
Mar 21, 2024Mar 28, 2024$0.12
Dec 22, 2023Dec 29, 2023$0.37
Sep 22, 2023Sep 29, 2023$0.03
Jun 27, 2023Jun 30, 2023$0.04
Mar 24, 2023Mar 31, 2023$0.08
Dec 23, 2022Dec 30, 2022$0.08
Sep 23, 2022Sep 30, 2022$0.06
Jun 24, 2022Jun 30, 2022$0.05
Mar 25, 2022Mar 31, 2022$0.12

See all 44 payments⁠

$10,000 in FXL 10 years ago paid $522 in dividends.⁠

FXL Risk

Risk pillarB56 out of 100Rank 13 of 25 in Technology (Broad)
How much the fund’s monthly returns vary, scaled to a year.
20.9%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.03
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−38.5%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.26
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FXL Cost

Compare FXL and XLK

Overpaying vs XLK, cheapest in Technology (Broad)

$10,128

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FXL 0.60%

    $11,817

  • XLK 0.08% Cheapest

    $1,689

$10,000
30 years

Cost over time

  • FXL 0.60%
  • XLK 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530FXL $11,817XLK $1,689

Year by year

YearFXLXLKOverpaying
10$1,076$147$929
20$4,116$575$3,541
30$11,817$1,689$10,128

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