First Trust Technology AlphaDEX Fund
$226.93−0.03 (−0.01%)
- 0.60%
- $2.9B
- +38.1%
- 0.00%
- 0.1M sh
- $230.49
- low $151.62high $231.93
The ETF.net FXL Grade
C
Score 52 out of 100
- 15 of 25
Score 52 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.D33 out of 100Rank 17 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C53 out of 100Rank 14 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B63 out of 100Rank 10 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A89 out of 100Rank 2 of 24Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B59 out of 100Rank 13 of 25
Our read on FXL
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.
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 Holdings
- Stocks
- 111
- 16%
- P
Sectors
- Technology90.3%
- Industrials4.0%
- Communication2.9%
- Financials2.0%
- Consumer Discretionary0.8%
Geography
- United States99.06%
- Cayman Islands0.66%
- Australia0.28%
FXL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FXL$13,810
Returns run to the Oct 12, 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.
| Period | FXL |
|---|---|
| Year to date | +34.9% |
| 1 month | +5.3% |
| 3 months | +9.3% |
| 1 year | +38.1% |
| 3 years | +26.1% |
| 5 years | +13.0% |
| 10 years | +20.5% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FXL |
|---|---|---|
| 2026 YTD | +34.9% | |
| 2025 | +13.3% | |
| 2024 | +16.1% | |
| 2023 | +40.5% | |
| 2022 | −30.4% | |
| 2021 | +18.2% | |
| 2020 | +54.2% |
FXL in the news
FXL Dividends
- 0.00%
No distributions in the last 12 months.
Distribution history
FXL Risk
- 21.0%
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.
- 0.99
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.
- −38.5%
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.
- 1.26
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FXL Cost
0.60%
FXL0.60%
- The middle half of Technology (Broad) funds
- Median 0.45%
15 of the 23 Technology (Broad) funds charge less.
Other funds in Technology (Broad)
- BTDIVFirst Trust NASDAQ Technology Dividend Index FundExpense ratio 0.50%1 year return +19.8%
- BIGViShares Expanded Tech-Software Sector ETFExpense ratio 0.38%1 year return −0.7%
- CTDVProShares - S&P Technology Dividend Aristocrats ETFExpense ratio 0.45%1 year return +23.2%
- CSPTESP Funds S&P Global Technology ETFExpense ratio 0.55%1 year return +48.1%
- DPTFInvesco Dorsey Wright Technology Momentum ETFExpense ratio 0.69%1 year return +44.7%