FXL
First Trust Technology AlphaDEX Fund
First Trust Technology AlphaDEX Fund seeks investment results that correspond to the StrataQuant Technology AlphaDEX Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 2.6 B
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Inception date | May 08, 2007 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| EPAM SYSTEMS INC | 2.5 % |
| NIQ GLOBAL INTELLIGENCE PLC | 2.0 % |
| MOBILITY GLOBAL INC | 1.9 % |
| COGNIZANT TECH SOLUTIONS-A | 1.9 % |
| PTC INC. | 1.9 % |
| ROPER TECHNOLOGIES, INC. | 1.9 % |
| IAC/INTERACTIVECORP. | 1.7 % |
| ZOOM VIDEO COMMUNICATIONS, INC. CLASS A | 1.7 % |
| RINGCENTRAL, INC. CLASS A | 1.6 % |
| RUBRIK INC-A | 1.6 % |
Constituent Breakdown
| Number of holdings | 111 |
| Herfindahl-Hirschman Index | 117 |
| Wgt avg mkt cap (mns) | $287,361 |
| Large cap (>$10bn) | 70.6% |
| Mid cap ($2-10bn) | 26.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 97.9% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 96.3 % |
 |
AUSTRALIA | 1.6 % |
Historical Performance
Standardized Performance (as of 10/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 26.9% | 21.6% | 23.7% | 26.4% | 10.0% | 19.5% | -- | 12.9% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.2% | 0.2% | 0.3% | -- | 0.3% |
| Total Returns | 26.9% | 21.6% | 23.7% | 26.6% | 10.2% | 19.8% | -- | 13.2% | Ann. Volatility | 28.0% | 27.2% | 27.5% | 25.3% | 26.3% | 25.8% | -- | 24.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.75 | 67% |
| MSCI EAFE | 1.02 | 35% |
| MSCI Emg Mkts | 0.81 | 57% |
Liquidity Measures
| Avg. volume (000) | 28 |
| ADV traded (mns) | $6 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.12% |
Technical Indicators
| 30d moving avg. (EMA) | $215.76 |
| Relative strength (RSI) | 40 |
| MACD/Signal | -4.71/-1.90 |
| Bollinger Bands (Upper/Lower) | $233.86/$198.98 |
| Short interest (% of AUM) | 0.4% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FXL |
Expenses vs. FXL |
ALTAR Score™ vs. FXL |
|---|---|---|---|---|
| RSPT | Invesco S&P 500 Equal Weight Technology ETF | 39.9% | -20 bp | +1.5% |
| IYW | iShares U.S. Technology ETF | 28.8% | -23 bp | +0.4% |
| JTEK | JPMorgan U.S. Tech Leaders ETF | 28.4% | +5 bp | -3.1% |
| QTEC | First Trust NASDAQ-100 Technology Sector Index Fund | 27.8% | -5 bp | -0.5% |
| JQUA | JPMorgan U.S. Quality Factor ETF | 27.4% | -48 bp | +1.6% |
| SKYY | First Trust Cloud Computing ETF | 27.3% | 0 bp | -1.3% |
| WCLD | WisdomTree Cloud Computing Fund | 27.2% | -15 bp | -1.2% |
| IGM | iShares Expanded Tech Sector ETF | 27.1% | -23 bp | +0.1% |
| COWG | Pacer US Large Cap Cash Cows Growth Leaders ETF | 27.1% | -11 bp | +0.4% |
| FTC | First Trust Large Cap Growth AlphaDEX Fund | 26.9% | -2 bp | -1.3% |
Risk and Returns: FXL vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/13/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
4.3%
ALTAR SCORE™
28th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,439 funds in the US Equity category with an average
ALTAR Score™ of 5.5% and a standard deviation
of 2.1%. FXL's ALTAR Score™ is approximately -0.6 standard
deviations above the category average. This places FXL in the 28th percentile
among funds in the category.
Sell-Side Consensus
$266.54
PRICE TARGET
+27.8%
UPSIDE