FXL vs VGT: Grades, Fees and Holdings Compared

First Trust Technology AlphaDEX Fund

FXLCNYSE Arca

Vanguard Information Technology ETF

VGTANYSE Arca

Overlap

27.2%by weight

Expense ratio

VGT −0.51pt a year

FXL0.60%VGT0.09%

Avg volume · 30D

VGT 32.5×the volume

FXL130KVGT4.23M

10Y return · a year

VGT +4.2pt

FXL+19.7%VGT+23.9%

FXL vs VGT Performance

Oct 29, 2021 – Oct 30, 2026

+62.6%FXL+122.6%VGT

Expense ratio: FXL 0.60%; VGT 0.09%, better
Fund size: FXL $2.68B; VGT $178B
1Y total return: FXL +21.6%, better; VGT +18.5%
Yield (12M): FXL 0.00%; VGT 0.40%, better
Holdings: FXL 111; VGT 321
Avg volume (30D): FXL 130K sh; VGT 4.23M sh, better
NAV per share: FXL $213.51; VGT $116.95
52W range

ETF.net Grade

Pillar letters and Scores for FXL, VGT, with each pillar’s weight
Pillar	FXL	VGT
Cost30% weight	D31	A92Higher
Mission25% weight	Not scored	A84
Risk15% weight	B56	B60Higher
Tradability15% weight	B63Higher	B57
Holdings10% weight	A87Higher	C41
Durability5% weight	B59	A93Higher

Rank among Technology (Broad) funds

How we build Categories ›

Same Category. FXL and VGT 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 ›

VGT ranks 3rd 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 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

VGTAVanguard Information 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.

VGT Vanguard's technology sleeve, indexed since 2004: roughly 300 US tech stocks running from megacap giants down to small caps, for 0.09% a year. Broad coverage of the sector rather than just its household 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.

VGT The fund seeks to track an index measuring the investment return of information technology stocks. It uses an indexing approach for large-, mid-, and small-capitalization U.S. technology companies and normally invests at least 80% of assets in target-index stocks.

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.

VGT Casts a wide net: about 300 US technology stocks across large, mid and small caps, not just the megacap names everyone already knows.vanguard.com
Charges 0.09% a year, roughly a quarter of what the typical technology sector ETF asks.
One of the largest and most actively traded sector funds around, and it has followed its index closely.
Running since 2004 and among the strongest implementations in its technology peer group. Pays quarterly.

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.

VGT Weighted by market value, so the biggest platform companies drive most of the return. The small caps are along for the ride.
One sector, one country: US technology only, which means bigger swings than a total market fund.
If the last basis point matters, XLK and FTEC list at 0.08%.

Full FXL profile⁠

Full VGT profile⁠

FXL vs VGT Holdings

How FXL and VGT differ

Overlap by weight

27.2%

Shared holdings make up 83.0% of VGT and 81.2% of FXL.

Level by level

Holdings91 in both27.2%
Sector7 Sectors91.0%
Asset classEquity100%
Countryby domicile99.8%

Sector

Sector weights in FXL and VGT, widest gap first
Sector	More in FXLMore in VGT	FXL	VGT
Technology	VGT +9.0 points	90.3%	99.3%
Industrials	FXL +3.7 points	4.0%	0.3%
Communication	FXL +2.9 points	2.9%	0.0%
Financials	FXL +1.7 points	2.0%	0.3%
Consumer Discretionary	FXL +0.7 points	0.8%	0.1%
Materials	Same weight	0.0%	0.0%
Health Care	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in FXL and VGT, widest gap first
Country	More in FXLMore in VGT	FXL	VGT
United States	VGT +0.2 points	99.8%	100.0%
Australia	FXL +0.2 points	0.2%	0.0%

Concentration

Weight in the 10 largest Holdings

FXL17.5%
VGT63.6%

Securities held

FXL110
VGT319

Asset class

FXL: Equity
VGT: Equity

Holdings

Only in FXL19
In both91
Only in VGT228

Only in FXL

19 securities, 18.8% of FXL by weight

NIQ Global Intelligence Plc1.83%
Mobility Global Inc.1.73%
Leidos Holdings, Inc.1.47%
KBR, Inc.1.38%
Amdocs Limited1.38%
People Inc.1.33%
Maplebear Inc. (Instacart)1.23%
Science Applications International Corporation1.12%
Meta Platforms, Inc. (Class A)1.06%
Toast, Inc. (Class A)1.03%
Ingram Micro Holding Corporation1.00%
Parsons Corporation0.78%
Alphabet Inc. (Class A)0.77%
SS&C Technologies Holdings, Inc.0.65%
DoorDash, Inc. (Class A)0.61%
GLOBALFOUNDRIES Inc.0.55%
CACI International Inc.0.35%
Match Group Inc.0.32%
Figure Technology Solutions, Inc. (Class A)0.23%

Only in VGT

228 securities, 17.0% of VGT by weight

Intel Corp1.99%
Cisco Systems Inc1.60%
Oracle Corp0.86%
Arista Networks Inc0.85%
Seagate Technology Holdings PLC0.79%
Accenture PLC0.45%
Cadence Design Systems Inc0.38%
Synopsys Inc0.33%
Motorola Solutions Inc0.31%
Lumentum Holdings Inc0.30%
Keysight Technologies Inc0.27%
TE Connectivity PLC0.27%
NXP Semiconductors NV0.26%
Ciena Corp0.21%
Autodesk Inc0.20%
Okta Inc0.19%
Flex Ltd0.19%
SLBBH11420.18%
Strategy Inc0.16%
HP Inc0.15%
ON Semiconductor Corp0.14%
Teledyne Technologies Inc0.14%
F5 Inc0.14%
Qnity Electronics Inc0.13%
VeriSign Inc0.13%
Zebra Technologies Corp0.11%
MKS Inc0.10%
First Solar Inc0.10%
Trimble Inc0.09%
Tyler Technologies Inc0.09%
Unity Software Inc0.09%
Fabrinet0.08%
Qorvo Inc0.08%
Rambus Inc0.08%
JFrog Ltd0.08%
Littelfuse Inc0.08%
Advanced Energy Industries Inc0.08%
Cognex Corp0.08%
IonQ Inc0.07%
Guidewire Software Inc0.07%
Viavi Solutions Inc0.07%
MaxLinear Inc0.07%
Fair Isaac Corp0.07%
InterDigital Inc0.07%
Ralliant Corp0.07%
Plexus Corp0.07%
Gitlab Inc0.07%
Silicon Laboratories Inc0.07%
Viasat Inc0.07%
Commvault Systems Inc0.07%

Weight gaps

All 91 Holdings in both funds, largest gap first.

Holding weights in FXL and VGT, widest gap first
Holding	More in FXLMore in VGT	FXL	VGT
NVIDIA CorporationNVDA	VGT +16.47 points	1.12%	17.59%
Apple Inc.AAPL	VGT +14.62 points	1.30%	15.92%
Microsoft CorporationMSFT	VGT +10.20 points	0.96%	11.16%
Broadcom Inc.AVGO	VGT +3.53 points	0.58%	4.11%
Micron Technology, Inc.MU	VGT +3.42 points	1.04%	4.46%
Advanced Micro Devices, Inc.AMD	VGT +2.39 points	1.29%	3.68%
EPAM Systems, Inc.EPAM	FXL +1.97 points	2.03%	0.06%
PTC Inc.PTC	FXL +1.65 points	1.75%	0.10%
RingCentral, Inc. (Class A)RNG	FXL +1.65 points	1.71%	0.06%
Cognizant Technology Solutions CorporationCTSH	FXL +1.64 points	1.78%	0.14%
Rubrik, Inc. (Class A)RBRK	FXL +1.59 points	1.70%	0.11%
SentinelOne, Inc. (Class A)S	FXL +1.59 points	1.66%	0.07%
Zoom Communications, Inc. (Class A)ZM	FXL +1.54 points	1.65%	0.11%
Atlassian Corporation (Class A)TEAM	FXL +1.53 points	1.68%	0.15%
Roper Technologies, Inc.ROP	FXL +1.51 points	1.67%	0.16%
Everpure, Inc. (Class A)P	FXL +1.32 points	1.52%	0.20%
Universal Display CorporationOLED	FXL +1.33 points	1.37%	0.04%
Applied Materials, Inc.AMAT	VGT +1.29 points	0.24%	1.53%
NetApp, Inc.NTAP	FXL +1.30 points	1.49%	0.19%
Elastic N.V.ESTC	FXL +1.26 points	1.33%	0.07%
Gen Digital Inc.GEN	FXL +1.17 points	1.24%	0.07%
Dynatrace, Inc.DT	FXL +1.15 points	1.25%	0.10%
MongoDB, Inc.MDB	FXL +1.14 points	1.27%	0.13%
Super Micro Computer, Inc.SMCI	FXL +1.13 points	1.26%	0.13%
Sanmina CorporationSANM	FXL +1.13 points	1.21%	0.08%
Lam Research CorporationLRCX	VGT +1.10 points	0.46%	1.56%
Cirrus Logic, Inc.CRUS	FXL +1.09 points	1.15%	0.06%
DocuSign, Inc.DOCU	FXL +1.06 points	1.15%	0.09%
Snowflake Inc. (Class A)SNOW	FXL +0.96 points	1.41%	0.45%
Samsara Inc. (Class A)IOT	FXL +0.95 points	1.04%	0.09%
Twilio Inc. (Class A)TWLO	FXL +0.89 points	1.10%	0.21%
Intuit Inc.INTU	FXL +0.86 points	1.16%	0.30%
Cloudflare, Inc. (Class A)NET	FXL +0.82 points	1.27%	0.45%
Workday, Inc. (Class A)WDAY	FXL +0.80 points	0.98%	0.18%
Semtech CorporationSMTC	FXL +0.78 points	0.90%	0.12%
Sitime CorporationSITM	FXL +0.77 points	0.86%	0.09%
Jabil Inc.JBL	FXL +0.74 points	0.89%	0.15%
Kyndryl Holdings, Inc.KD	FXL +0.74 points	0.77%	0.03%
Fortinet, Inc.FTNT	FXL +0.73 points	1.19%	0.46%
KLA CorporationKLAC	VGT +0.73 points	0.25%	0.98%
Datadog, Inc. (Class A)DDOG	FXL +0.72 points	1.08%	0.36%
Manhattan Associates, Inc.MANH	FXL +0.70 points	0.78%	0.08%
GoDaddy Inc. (Class A)GDDY	FXL +0.68 points	0.77%	0.09%
Amkor Technology, Inc.AMKR	FXL +0.65 points	0.71%	0.06%
FormFactor, Inc.FORM	FXL +0.65 points	0.74%	0.09%
Zscaler, Inc.ZS	FXL +0.64 points	0.75%	0.11%
UiPath, Inc. (Class A)PATH	FXL +0.62 points	0.67%	0.05%
AppFolio, Inc. (Class A)APPF	FXL +0.62 points	0.67%	0.05%
Dolby Laboratories, Inc.DLB	FXL +0.61 points	0.66%	0.05%
Adobe IncorporatedADBE	FXL +0.59 points	0.98%	0.39%
Dell Technologies Inc. (Class C)DELL	FXL +0.59 points	1.24%	0.65%
Monolithic Power Systems, Inc.MPWR	FXL +0.58 points	0.85%	0.27%
Analog Devices, Inc.ADI	FXL +0.57 points	1.32%	0.75%
TTM Technologies, Inc.TTMI	FXL +0.56 points	0.64%	0.08%
DigitalOcean Holdings, Inc.DOCN	FXL +0.54 points	0.63%	0.09%
Nutanix, Inc. (Class A)NTNX	FXL +0.49 points	0.60%	0.11%
Arrow Electronics, Inc.ARW	FXL +0.49 points	0.58%	0.09%
QUALCOMM IncorporatedQCOM	VGT +0.48 points	0.28%	0.76%
CrowdStrike Holdings, Inc. (Class A)CRWD	FXL +0.46 points	1.48%	1.02%
Astera Labs, Inc.ALAB	FXL +0.45 points	0.68%	0.23%
Microchip Technology IncorporatedMCHP	FXL +0.43 points	0.62%	0.19%
MACOM Technology Solutions Holdings, Inc.MTSI	FXL +0.41 points	0.52%	0.11%
International Business Machines CorporationIBM	VGT +0.40 points	0.37%	0.77%
Amphenol CorporationAPH	FXL +0.38 points	1.18%	0.80%
Teradyne, Inc.TER	FXL +0.37 points	0.64%	0.27%
Lattice Semiconductor CorporationLSCC	FXL +0.35 points	0.46%	0.11%
Sandisk CorporationSNDK	VGT +0.35 points	0.62%	0.97%
Credo Technology Group Holding LtdCRDO	FXL +0.34 points	0.49%	0.15%
Procore Technologies, Inc.PCOR	FXL +0.32 points	0.37%	0.05%
Palantir Technologies Inc. (Class A)PLTR	VGT +0.32 points	1.23%	1.55%
Gartner, Inc.IT	FXL +0.30 points	0.38%	0.08%
CDW CorporationCDW	FXL +0.28 points	0.38%	0.10%
Pegasystems Inc.PEGA	FXL +0.28 points	0.32%	0.04%
Dropbox, Inc. (Class A)DBX	FXL +0.28 points	0.34%	0.06%
Coherent Corp.COHR	FXL +0.25 points	0.46%	0.21%
Corning IncorporatedGLW	VGT +0.24 points	0.25%	0.49%
Skyworks Solutions, Inc.SWKS	FXL +0.22 points	0.32%	0.10%
Allegro Microsystems, Inc.ALGM	FXL +0.21 points	0.26%	0.05%
Palo Alto Networks, Inc.PANW	FXL +0.20 points	1.44%	1.24%
Avnet, Inc.AVT	FXL +0.21 points	0.28%	0.07%
Entegris, Inc.ENTG	FXL +0.18 points	0.31%	0.13%
IREN Ltd.IREN	FXL +0.18 points	0.18%	<0.01%
Akamai Technologies, Inc.AKAM	FXL +0.18 points	0.27%	0.09%
TD SYNNEX CorporationSNX	FXL +0.18 points	0.29%	0.11%
Western Digital CorporationWDC	FXL +0.15 points	0.76%	0.61%
Onto Innovation Inc.ONTO	FXL +0.11 points	0.21%	0.10%
Salesforce, Inc.CRM	VGT +0.09 points	0.63%	0.72%
Hewlett Packard Enterprise CompanyHPE	VGT +0.09 points	0.27%	0.36%
Marvell Technology, Inc.MRVL	FXL +0.05 points	0.93%	0.88%
ServiceNow, Inc.NOW	VGT +0.05 points	0.49%	0.54%
Texas Instruments IncorporatedTXN	FXL +0.03 points	1.01%	0.98%

All 110 FXL holdings⁠All 310 VGT 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 VGT Cost

Overpaying FXL vs VGT

$9,919

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

FXL 0.60%
$11,817
VGT 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

FXL 0.60%
VGT 0.09%
Overpaying

Year by year

Year	FXL	VGT	Overpaying
10	$1,076	$165	$911
20	$4,116	$646	$3,470
30	$11,817	$1,898	$9,919

Expense ratio

0.60%FXL
0.09%VGT, cheaper

VGT0.09%FXL0.60%

0.08%1.00%

Middle half of Technology (Broad) funds
Median 0.45%

VGT 3rd cheapest of 23 funds

FXL 16th cheapest of 23 funds

FXL vs VGT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FXL 0.00%; VGT 0.40%, better
Payout (12M): FXL None; VGT $0.47
Last payment: FXL No data; VGT $0.15
Ex-dividend: FXL No data; VGT Sep 23, 2026
Paid on: FXL No data; VGT Sep 25, 2026
Frequency: FXL No data; VGT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FXL27 paymentsAll FXL payments⁠

VGTQuarterly · 39 paymentsAll VGT payments⁠

FXL vs VGT Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: FXL 20.9%, betterVGT 22.2%
Return per unit of riskSharpe ratio, 3 years: FXL 1.03VGT 1.19, better
Worst fallMax drawdown, 5 years: FXL −38.5%VGT −35.1%, better
Market sensitivityBeta, 5 years: FXL 1.26VGT 1.35; Market = 1

FXL and VGT in the news

All news⁠

Category Review
Equal-weight technology beat the biggest tech funds this year
Updated Oct 26, 2026VGT
Head-to-Head
QQQ vs. VGT: choose VGT for technology, QQQ for the Nasdaq-100
Oct 23, 2026VGT
New ETFs
XFUNDS Technology Income ETF is 99.1% the Vanguard Information Technology ETF
Oct 12, 2026VGT
Head-to-Head
Vanguard Information Technology ETF holds NVIDIA, Apple and Microsoft at twice the weight of Invesco QQQ Trust, Series 1
Oct 10, 2026VGT
Sector Pulse
Materials led the sectors, pulled by Vylor and two steelmakers
Oct 5, 2026VGT
Price vs Value
Vanguard showed a 1.94% discount on an energy fund that closed two cents above its value
Oct 4, 2026VGT

Popular comparisons

FXLCvsXLKA
First Trust Technology AlphaDEX Fund · State Street Technology Select Sector SPDR ETF
Expense ratio
0.60% · 0.08%
Category
VGTAvsXLKA
Vanguard Information Technology ETF · State Street Technology Select Sector SPDR ETF
Expense ratio
0.09% · 0.08%
Category
FXLCvsFTECA
First Trust Technology AlphaDEX Fund · Fidelity MSCI Information Technology Index ETF
Expense ratio
0.60% · 0.08%
Category
VGTAvsFTECA
Vanguard Information Technology ETF · Fidelity MSCI Information Technology Index ETF
Expense ratio
0.09% · 0.08%
Category
FXLCvsRSPTB
First Trust Technology AlphaDEX Fund · Invesco S&P 500 Equal Weight Technology ETF
Expense ratio
0.60% · 0.40%
Category
VGTAvsRSPTB
Vanguard Information Technology ETF · Invesco S&P 500 Equal Weight Technology ETF
Expense ratio
0.09% · 0.40%
Category

FXL vs VGT

In short

Stated mandate

Why people hold it