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
289.9 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) | $290 |
| 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 +
| FIRST SOLAR INC | 5.2 % |
| PERMIAN RESOURCES CORPORATION CLASS A | 4.4 % |
| DEVON ENERGY CORPORATION | 4.1 % |
| MATADOR RESOURCES CO | 3.9 % |
| CHORD ENERGY CORPORATION | 3.9 % |
| OVINTIV INC | 3.9 % |
| NATIONAL OILWELL VARCO INC | 3.8 % |
| CIVITAS SOLUTIONS INC | 3.8 % |
| TEXAS PACIFIC LAND CORPORATION | 3.6 % |
| EXXON MOBIL CORP | 3.4 % |
Constituent Breakdown
| Number of holdings | 41 |
| Herfindahl-Hirschman Index | 302 |
| Wgt avg mkt cap (mns) | $46,505 |
| Large cap (>$10bn) | 62.2% |
| Mid cap ($2-10bn) | 36.9% |
| Small cap (<$2bn) | 0.7% |
| Developed mkts. | 99.8% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.0 % |
 |
SWITZERLAND | 0.8 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -14.9% | -24.3% | -5.4% | -2.7% | 16.5% | -5.0% | -- | -1.9% |
| Dividend Yield | 0.0% | 1.1% | 1.7% | 2.4% | 3.3% | 2.1% | -- | 1.5% |
| Total Returns | -14.9% | -23.3% | -3.7% | -0.3% | 19.9% | -3.0% | -- | -0.4% | Ann. Volatility | 45.1% | 31.4% | 26.6% | 30.5% | 35.2% | 36.6% | -- | 37.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.97 | 34% |
| MSCI EAFE | 0.81 | 25% |
| MSCI Emg Mkts | 0.36 | 5% |
Liquidity Measures
| Avg. volume (000) | 437 |
| ADV traded (mns) | $7 |
| Turnover | 2.3% |
| Avg. Bid/Ask (% of price) | 0.06% |
Technical Indicators
| Recent close | $15.38 |
| 30d moving avg. | $14.36 |
| Annualized volatility | 27.7% |
| Relative strength (RSI) | 47 |
| Short interest | 0.2% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| FTXN | First Trust Nasdaq Oil & Gas ETF | 58.0% | -2 bp | +12.8% |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 52.9% | -22 bp | +11.0% |
| XOP | SPDR S&P Oil & Gas Exploration & Production ETF | 51.0% | -27 bp | +16.0% |
| IYE | iShares U.S. Energy ETF | 47.7% | -22 bp | +9.3% |
| FENY | Fidelity MSCI Energy Index ETF | 44.9% | -54 bp | +9.5% |
| VDE | Vanguard Energy ETF | 44.3% | -52 bp | +9.5% |
| PXI | Invesco Dorsey Wright Energy Momentum ETF | 42.5% | -2 bp | +7.5% |
| XLE | Energy Select Sector SPDR Fund | 42.1% | -54 bp | +9.4% |
| FCG | First Trust Natural Gas ETF | 41.4% | -2 bp | +19.4% |
| IEO | iShares U.S. Oil & Gas Exploration & Production ETF | 38.9% | -22 bp | +13.0% |
Risk and Returns: 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | |
| 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 5/17/2025
Peer Group Comparison Sample data. Subscribe for access.
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
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
14.8%
Cat. Avg
5.9%
ALTAR Score™ Calculation
Category Overview
There are 937 funds in the US Equity category, with an average ALTAR Score™
of 5.9% and a standard deviation of
2.3%. 's ALTAR Score™ is approximately
3.9 standard deviations
above
the category average. This places in the 99th 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 |
| (62 bp) Percentile rank | 69 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| 62.0 | 0.0 | 62 | |
| Peer Avg. | 43.5 | 16.2 | 59.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .