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ETFs

First Trust Technology AlphaDEX Fund

FXL
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
May 08 2007
Expense Ratio
0.61%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$5,271,151
AUM
$1,078,315,200
Associated Index
StrataQuant Technology Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

VRT
Vertiv Holdings Co - Ordinary Shares - Class A
2.28%
AMD
Advanced Micro Devices Inc.
2.17%
LRCX
Lam Research Corp.
2.01%
NATI
National Instruments Corp.
1.95%
NEWR
New Relic Inc
1.84%
CTSH
Cognizant Technology Solutions Corp. - Ordinary Shares - Class A
1.80%
ARW
Arrow Electronics Inc.
1.78%
JBL
Jabil Inc
1.77%
ON
ON Semiconductor Corp.
1.76%
MPWR
Monolithic Power System Inc
1.72%
Invest with FXL

What is FXL?

The First Trust Technology AlphaDEX Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield before fees and expenses of an equity index called the StrataQuant Technology Index.

ETFs related toFXL

ETFs correlated to FXL include RYT, QTEC, SPHB

FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund
RYT
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Technology ETF
QTEC
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Technology Sector Index Fund
SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF
HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
QTUM
ETF Series Solutions Trust - Defiance Quantum ETF
TECB
iShares Trust - iShares U.S. Tech Breakthrough Multisector ETF
FIVG
ETF Series Solutions Trust - Defiance Next Gen Connectivity ETF
QGRO
American Century ETF Trust - American Century STOXX U.S.Quality Growth ETF
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

FXL is a US Equities ETF. The First Trust Technology AlphaDEX Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield before fees and expenses of an equity index called the StrataQuant Technology Index.

FXL tracks the StrataQuant Technology Index.

No, FXL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FXL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FXL is 0.1018%. This is the percent change in the value of FXL over the most recent 1-month period. The 3-month return on FXL is 0.0636%. This is the percent change in the value of FXL over the most recent 3-month period.

The standard deviation of FXL for the past year is 0.2812%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FXL include XLV, XLU, and XLI.

ETFs correlated to FXL include RYT, QTEC, and SPHB.

ETFs that are inversely correlated to FXL include HIBS, QID, and BERZ.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.