FXN
First Trust Energy AlphaDEX Fund
First Trust Energy AlphaDEX Fund seeks investment results that correspond generally to the StrataQuant Energy AlphaDEX Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
418.6 M
ASSETS UNDER MGMT
62 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 08, 2007 |
| Assets (mns) | $419 |
| Expense ratio | 62 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| OVINTIV INC | 4.3 % |
| MATADOR RESOURCES CO | 4.3 % |
| DEVON ENERGY CORPORATION | 4.2 % |
| APA CORP. | 4.2 % |
| CIVITAS SOLUTIONS INC | 4.1 % |
| CHORD ENERGY CORPORATION | 4.1 % |
| HF SINCLAIR CORPORATION | 4.0 % |
| NATIONAL OILWELL VARCO INC | 3.9 % |
| DIAMONDBACK ENERGY INC | 3.5 % |
| PERMIAN RESOURCES CORPORATION CLASS A | 3.4 % |
Constituent Breakdown
| Number of holdings | 41 |
| Herfindahl-Hirschman Index | 306 |
| Wgt avg mkt cap (mns) | $48,704 |
| Large cap (>$10bn) | 57.1% |
| Mid cap ($2-10bn) | 34.0% |
| Small cap (<$2bn) | 8.9% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.9 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -1.0% | -4.2% | 5.1% | 15.4% | 14.1% | -2.4% | 0.0% | Volatility | 17.3% | 19.8% | 28.5% | 29.6% | 41.3% | 36.1% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.79 | 26% |
| MSCI EAFE | 0.66 | 18% |
| MSCI Emg Mkts | 0.39 | 6% |
Liquidity Measures
| Avg. volume (000) | 823 |
| Turnover | 3.2% |
| Avg. Bid/Ask (% of price) | 0.06% |
| ADV of underlying (mns) | $12,295 |
Technical Indicators
| Recent close | $16.45 |
| 30d moving avg. | $16.31 |
| Annualized volatility | 27.8% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.8% |
| Short interest (underlying) | 4.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FXN |
Expenses vs. FXN |
ALTAR Score™ vs. FXN |
|---|---|---|---|---|
| XOP | SPDR S&P Oil & Gas Exploration & Production ETF | 57.7% | -27 bp | +3.8% |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 56.7% | -22 bp | +2.4% |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 55.6% | -2 bp | +2.5% |
| IYE | iShares U.S. Energy ETF | 48.2% | -22 bp | +0.8% |
| IEO | iShares U.S. Oil & Gas Exploration & Production ETF | 46.7% | -22 bp | +3.9% |
| FENY | Fidelity MSCI Energy Index ETF | 46.3% | -54 bp | +0.8% |
| FCG | First Trust Natural Gas ETF | 46.2% | -2 bp | +7.0% |
| VDE | Vanguard Energy ETF | 45.1% | -52 bp | +0.8% |
| DRLL | Strive U.S. Energy ETF | 44.5% | -21 bp | +1.9% |
| XLE | Energy Select Sector SPDR Fund | 44.2% | -53 bp | +1.3% |
Risk and Returns: FXN 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 10/21/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FXN
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
FXN
6.3%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 933 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. FXN's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places FXN in the 63rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FXNSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| FXN (62 bp) Percentile rank | 68 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FXN | 62.0 | 5.9 | 67.9 |
| Peer Avg. | 44.1 | 16.7 | 60.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .