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ETFs

First Trust Energy AlphaDEX Fund

FXN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 08 2007
Expense Ratio
0.61%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$20,311,031
AUM
$568,204,031
Associated Index
StrataQuant Energy Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

PDCE
PDC Energy Inc
4.67%
CHK
Chesapeake Energy Corp. - Ordinary Shares - New
4.46%
SWN
Southwestern Energy Company
4.38%
OVV
Ovintiv Inc
4.38%
MRO
Marathon Oil Corporation
4.20%
CTRA
Coterra Energy Inc
4.19%
EQT
EQT Corp
4.03%
AR
Antero Resources Corp
3.99%
DINO
HF Sinclair Corporation
3.94%
RRC
Range Resources Corp
3.60%
Invest with FXN

What is FXN?

The First Trust Energy 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 Energy Index

ETFs related toFXN

ETFs correlated to FXN include XOP, GUSH, IEO

FXN
First Trust Exchange-Traded Fund III - First Trust Energy AlphaDEX Fund
XOP
SPDR Series Trust - SPDR Oil & Gas Exploration and Production ETF
GUSH
Direxion Shares ETF Trust - Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares
IEO
BlackRock Institutional Trust Company N.A. - iShares U.S. Oil & Gas Exploration & Production ETF
RSPG
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy ETF
FCG
First Trust Exchange-Traded Fund III - First Trust Natural Gas ETF
PXE
Invesco Capital Management LLC - Invesco Dynamic Energy Exploration & Production ETF
FTXN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Oil & Gas ETF
IYE
BlackRock Institutional Trust Company N.A. - iShares U.S. Energy ETF
OILU
Bank of Montreal - MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETNs
VDE
Vanguard Group, Inc. - Vanguard Energy 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.

Automated Strategies
Related toFXN

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

Create your own algorithmic trading strategy with FXN using Composer

FAQ

FXN is a US Equities ETF. The First Trust Energy 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 Energy Index

FXN tracks the StrataQuant Energy Index.

No, FXN 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, FXN 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 FXN is 0.055%. This is the percent change in the value of FXN over the most recent 1-month period. The 3-month return on FXN is -0.0177%. This is the percent change in the value of FXN over the most recent 3-month period.

The standard deviation of FXN for the past year is 0.3551%. 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 FXN include XLV, XLK, and XLU.

ETFs correlated to FXN include XOP, GUSH, and IEO.

ETFs that are inversely correlated to FXN include DRIP, OILD, and DUG.

Disclaimers

*

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.