FXL vs RSPT: Grades, Fees and Holdings Compared

First Trust Technology AlphaDEX Fund

FXLCNYSE Arca

Invesco S&P 500 Equal Weight Technology ETF

RSPTBNYSE Arca

Overlap

42.7%by weight

Expense ratio

RSPT −0.20pt a year

FXL0.60%RSPT0.40%

Avg volume · 30D

RSPT 5.3×the volume

FXL130KRSPT689K

10Y return · a year

RSPT +0.9pt

FXL+19.7%RSPT+20.6%

FXL vs RSPT Performance

Oct 29, 2021 – Oct 30, 2026

+62.6%FXL+111.8%RSPT

Expense ratio: FXL 0.60%; RSPT 0.40%, better
Fund size: FXL $2.68B; RSPT $5.94B
1Y total return: FXL +21.6%; RSPT +35.4%, better
Yield (12M): FXL 0.00%; RSPT 0.24%, better
Holdings: FXL 111; RSPT 78
Avg volume (30D): FXL 130K sh; RSPT 689K sh, better
NAV per share: FXL $213.51; RSPT $62.97
52W range

ETF.net Grade

Pillar letters and Scores for FXL, RSPT, with each pillar’s weight
Pillar	FXL	RSPT
Cost30% weight	D31	C54Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	B56	A81Higher
Tradability15% weight	B63	B69Higher
Holdings10% weight	A87	A88Higher
Durability5% weight	B59	A74Higher

Rank among Technology (Broad) funds

How we build Categories ›

Same Category. FXL and RSPT are both graded against the same 23 Technology (Broad) funds, so their Grades compare head to head.

Technology (Broad)⁠

Category · 23 funds

See all 23 ›

RSPT ranks 4th and FXL 15th of 23 funds in the Technology (Broad) Category.

Rank 1AXLKState Street Technology Select Sector SPDR ETFScore 82
Rank 2AFTECFidelity MSCI Information Technology Index ETFScore 78
Rank 3AVGTVanguard Information Technology ETFScore 71
Rank 4BRSPTInvesco S&P 500 Equal Weight Technology ETFScore 68
Rank 5BIGMiShares Expanded Tech Sector ETFScore 64
Rank 14CIGViShares Expanded Tech-Software Sector ETFScore 53
Rank 15CFXLFirst Trust Technology AlphaDEX FundScore 51
Rank 16CPTFInvesco Dorsey Wright Technology Momentum ETFScore 40

Our read on each fund

ETF.net Research

FXLCFirst Trust Technology AlphaDEX Fund

RSPTBInvesco S&P 500 Equal Weight Technology ETF

In short

FXL A 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.

RSPT Tech without the megacap gravity. RSPT hands each of the S&P 500's roughly 80 technology names the same slice and resets every quarter, so the sector's giants carry no more weight than its smaller names.

Stated mandate

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

RSPT The Fund is designed to follow the S&P 500 Equal Weight Information Technology Index, investing at least 90% of assets in index securities. The index equally weights information technology stocks from the S&P 500 and rebalances quarterly.

Why people hold it

FXL 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.

RSPT Equal weight by design: about 80 S&P 500 tech stocks, one identical slice each, rebalanced quarterly. No single giant steers the fund.invesco.com
Running since 2006 and it hews closely to its index. A multi-billion-dollar fund that trades actively, so getting in and out is rarely the hard part.
One of the stronger implementations in a crowded broad-tech aisle, with a plain index mandate and quarterly distributions.

Worth knowing

FXL 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.

RSPT 0.40% a year lands mid-pack for tech sector funds but well above cap-weighted majors like VGT (0.09%), XLK (0.08%) and FTEC (0.08%).
Equal weighting leans on the sector's smaller members and the quarterly reset trims what ran up. Expect it to move to a different beat than cap-weighted tech.
Still a single-sector fund: everything inside is S&P 500 information technology, with the concentration that implies.

Full FXL profile⁠

Full RSPT profile⁠

FXL vs RSPT Holdings

How FXL and RSPT differ

Overlap by weight

42.7%

Shared holdings make up 64.0% of RSPT and 43.5% of FXL.

Level by level

Holdings48 in both42.7%
Sector6 Sectors90.3%
Countryby domicile97.5%
Asset classEquity100%

Sector

Sector weights in FXL and RSPT, widest gap first
Sector	More in FXLMore in RSPT	FXL	RSPT
Technology	RSPT +8.6 points	90.3%	98.9%
Industrials	FXL +4.0 points	4.0%	0.0%
Communication	FXL +2.9 points	2.9%	0.0%
Financials	FXL +2.0 points	2.0%	0.0%
Energy	RSPT +1.1 points	0.0%	1.1%
Consumer Discretionary	FXL +0.8 points	0.8%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in FXL and RSPT, widest gap first
Country	More in FXLMore in RSPT	FXL	RSPT
United States	FXL +2.3 points	99.8%	97.5%
China	RSPT +1.4 points	0.0%	1.4%
Mexico	RSPT +1.1 points	0.0%	1.1%
Australia	FXL +0.2 points	0.2%	0.0%

Concentration

Weight in the 10 largest Holdings

FXL17.5%
RSPT16.8%

Securities held

FXL110
RSPT76

Asset class

FXL: Equity
RSPT: Equity

Holdings

Only in FXL62
In both48
Only in RSPT28

Only in FXL

62 securities, 56.3% of FXL by weight

EPAM Systems, Inc.2.03%
NIQ Global Intelligence Plc1.83%
Mobility Global Inc.1.73%
RingCentral, Inc. (Class A)1.71%
Rubrik, Inc. (Class A)1.70%
Atlassian Corporation (Class A)1.68%
SentinelOne, Inc. (Class A)1.66%
Zoom Communications, Inc. (Class A)1.65%
Leidos Holdings, Inc.1.47%
Snowflake Inc. (Class A)1.41%
KBR, Inc.1.38%
Amdocs Limited1.38%
Universal Display Corporation1.37%
People Inc.1.33%
Elastic N.V.1.33%
MongoDB, Inc.1.27%
Cloudflare, Inc. (Class A)1.27%
Dynatrace, Inc.1.25%
Maplebear Inc. (Instacart)1.23%
Sanmina Corporation1.21%
DocuSign, Inc.1.15%
Cirrus Logic, Inc.1.15%
Science Applications International Corporation1.12%
Meta Platforms, Inc. (Class A)1.06%
Samsara Inc. (Class A)1.04%
Toast, Inc. (Class A)1.03%
Ingram Micro Holding Corporation1.00%
Semtech Corporation0.90%
Sitime Corporation0.86%
Manhattan Associates, Inc.0.78%
Parsons Corporation0.78%
Kyndryl Holdings, Inc.0.77%
Alphabet Inc. (Class A)0.77%
Zscaler, Inc.0.75%
FormFactor, Inc.0.74%
Amkor Technology, Inc.0.71%
Astera Labs, Inc.0.68%
UiPath, Inc. (Class A)0.67%
AppFolio, Inc. (Class A)0.67%
Dolby Laboratories, Inc.0.66%
SS&C Technologies Holdings, Inc.0.65%
TTM Technologies, Inc.0.64%
DigitalOcean Holdings, Inc.0.63%
DoorDash, Inc. (Class A)0.61%
Nutanix, Inc. (Class A)0.60%
Arrow Electronics, Inc.0.58%
GLOBALFOUNDRIES Inc.0.55%
MACOM Technology Solutions Holdings, Inc.0.52%
Credo Technology Group Holding Ltd0.49%
Lattice Semiconductor Corporation0.46%

Only in RSPT

28 securities, 36.0% of RSPT by weight

Accenture PLC1.83%
Synopsys Inc1.62%
Cadence Design Systems Inc1.57%
NXP Semiconductors NV1.55%
Autodesk Inc1.52%
Trimble Inc1.48%
Teledyne Technologies Inc1.48%
Zebra Technologies Corp1.42%
Tyler Technologies Inc1.42%
TE Connectivity PLC1.42%
Motorola Solutions Inc1.39%
VeriSign Inc1.39%
ON Semiconductor Corp1.38%
Ciena Corp1.34%
Keysight Technologies Inc1.30%
Cisco Systems Inc1.29%
HP Inc1.28%
Qnity Electronics Inc1.27%
Arista Networks Inc1.24%
Lumentum Holdings Inc1.21%
F5 Inc1.17%
First Solar Inc1.13%
Intel Corp1.13%
Oracle Corp1.12%
Flex Ltd1.07%
Seagate Technology Holdings PLC1.03%
Fair Isaac Corp0.94%
Invesco Government & Agency Portfolio0.02%

Weight gaps

All 48 Holdings in both funds, largest gap first.

Holding weights in FXL and RSPT, widest gap first
Holding	More in FXLMore in RSPT	FXL	RSPT
Gartner, Inc.IT	RSPT +1.35 points	0.38%	1.73%
Skyworks Solutions, Inc.SWKS	RSPT +1.20 points	0.32%	1.52%
CDW CorporationCDW	RSPT +1.13 points	0.38%	1.51%
QUALCOMM IncorporatedQCOM	RSPT +1.09 points	0.28%	1.37%
International Business Machines CorporationIBM	RSPT +1.03 points	0.37%	1.40%
Hewlett Packard Enterprise CompanyHPE	RSPT +1.03 points	0.27%	1.30%
KLA CorporationKLAC	RSPT +0.94 points	0.25%	1.19%
Applied Materials, Inc.AMAT	RSPT +0.93 points	0.24%	1.17%
Akamai Technologies, Inc.AKAM	RSPT +0.90 points	0.27%	1.17%
Microchip Technology IncorporatedMCHP	RSPT +0.83 points	0.62%	1.45%
Corning IncorporatedGLW	RSPT +0.75 points	0.25%	1.00%
GoDaddy Inc. (Class A)GDDY	RSPT +0.70 points	0.77%	1.47%
Broadcom Inc.AVGO	RSPT +0.65 points	0.58%	1.23%
Salesforce, Inc.CRM	RSPT +0.60 points	0.63%	1.23%
ServiceNow, Inc.NOW	RSPT +0.60 points	0.49%	1.09%
Lam Research CorporationLRCX	RSPT +0.59 points	0.46%	1.05%
Coherent Corp.COHR	RSPT +0.56 points	0.46%	1.02%
Texas Instruments IncorporatedTXN	RSPT +0.55 points	1.01%	1.56%
Datadog, Inc. (Class A)DDOG	RSPT +0.46 points	1.08%	1.54%
Monolithic Power Systems, Inc.MPWR	RSPT +0.45 points	0.85%	1.30%
Microsoft CorporationMSFT	RSPT +0.44 points	0.96%	1.40%
Workday, Inc. (Class A)WDAY	RSPT +0.39 points	0.98%	1.37%
Cognizant Technology Solutions CorporationCTSH	FXL +0.38 points	1.78%	1.40%
Teradyne, Inc.TER	RSPT +0.36 points	0.64%	1.00%
Sandisk CorporationSNDK	RSPT +0.36 points	0.62%	0.98%
Everpure, Inc. (Class A)P	RSPT +0.32 points	1.52%	1.84%
Western Digital CorporationWDC	RSPT +0.31 points	0.76%	1.07%
Jabil Inc.JBL	RSPT +0.31 points	0.89%	1.20%
Adobe IncorporatedADBE	RSPT +0.29 points	0.98%	1.27%
Marvell Technology, Inc.MRVL	RSPT +0.28 points	0.93%	1.21%
Palantir Technologies Inc. (Class A)PLTR	RSPT +0.28 points	1.23%	1.51%
Analog Devices, Inc.ADI	RSPT +0.22 points	1.32%	1.54%
PTC Inc.PTC	RSPT +0.22 points	1.75%	1.97%
Intuit Inc.INTU	RSPT +0.21 points	1.16%	1.37%
Roper Technologies, Inc.ROP	FXL +0.17 points	1.67%	1.50%
CrowdStrike Holdings, Inc. (Class A)CRWD	RSPT +0.15 points	1.48%	1.63%
Apple Inc.AAPL	RSPT +0.14 points	1.30%	1.44%
Micron Technology, Inc.MU	RSPT +0.14 points	1.04%	1.18%
Amphenol CorporationAPH	RSPT +0.13 points	1.18%	1.31%
Advanced Micro Devices, Inc.AMD	RSPT +0.12 points	1.29%	1.41%
NVIDIA CorporationNVDA	RSPT +0.12 points	1.12%	1.24%
Super Micro Computer, Inc.SMCI	FXL +0.11 points	1.26%	1.15%
Dell Technologies Inc. (Class C)DELL	FXL +0.08 points	1.24%	1.16%
Twilio Inc. (Class A)TWLO	RSPT +0.06 points	1.10%	1.16%
NetApp, Inc.NTAP	RSPT +0.05 points	1.49%	1.54%
Fortinet, Inc.FTNT	FXL +0.04 points	1.19%	1.15%
Palo Alto Networks, Inc.PANW	RSPT +0.04 points	1.44%	1.48%
Gen Digital Inc.GEN	FXL +0.01 points	1.24%	1.23%

All 110 FXL holdings⁠All 76 RSPT holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FXL vs RSPT Cost

Overpaying FXL vs RSPT

$3,727

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

FXL 0.60%
$11,817
RSPT 0.40%
$8,090

Amount$10,000

Years30 years

Cost over time

FXL 0.60%
RSPT 0.40%
Overpaying

Year by year

Year	FXL	RSPT	Overpaying
10	$1,076	$723	$353
20	$4,116	$2,793	$1,323
30	$11,817	$8,090	$3,727

Expense ratio

0.60%FXL
0.40%RSPT, cheaper

RSPT0.40%FXL0.60%

0.08%1.00%

Middle half of Technology (Broad) funds
Median 0.45%

RSPT 11th cheapest of 23 funds

FXL 16th cheapest of 23 funds

FXL vs RSPT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FXL 0.00%; RSPT 0.24%, better
Payout (12M): FXL None; RSPT $0.15
Last payment: FXL No data; RSPT $0.03
Ex-dividend: FXL No data; RSPT Sep 21, 2026
Paid on: FXL No data; RSPT Sep 25, 2026
Frequency: FXL No data; RSPT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FXL27 paymentsAll FXL payments⁠

RSPTQuarterly · 39 paymentsAll RSPT payments⁠

FXL vs RSPT Risk

Fall from peak · 5 years

FXL
RSPT

Risk facts

VolatilityStd dev, 3 years: FXL 20.9%, betterRSPT 22.0%
Return per unit of riskSharpe ratio, 3 years: FXL 1.03RSPT 1.23, better
Worst fallMax drawdown, 5 years: FXL −38.5%RSPT −32.5%, better
Market sensitivityBeta, 5 years: FXL 1.26RSPT 1.53; Market = 1

FXL and RSPT in the news

All news⁠

Category Review
Equal-weight technology beat the biggest tech funds this year
Updated Oct 26, 2026RSPT
Category Review
The pricier equal-weight technology fund led the cap-weighted one by 11.6 percentage points
Updated Oct 9, 2026RSPT
Deep Dive
An equal-weight technology ETF beat the cap-weighted fund by 9.3 percentage points
Sep 28, 2026RSPT
Deep Dive
Cybersecurity paid for tech's week. The AI funds did not
Sep 19, 2026RSPT
Deep Dive
Software funds fall 2.9% as application names are marked down
Sep 12, 2026RSPT
Deep Dive
Chip funds rose 2.5% as software ETFs fell 4.5%
Sep 5, 2026RSPT

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FXL vs RSPT

In short

Stated mandate

Why people hold it