FXO
First Trust Financials AlphaDEX Fund
First Trust Financial AlphaDEX Fund seeks investment results that correspond to the StrataQuant Financial AlphaDEX Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
921.1 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) | $921 |
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 +
KKR & CO LP | 1.9 % |
JEFFERIES FINANCIAL GROUP INC. | 1.9 % |
PROGRESSIVE CORP | 1.8 % |
RENAISSANCERE HOLDINGS LTD | 1.8 % |
MGIC INVESTMENT CORP | 1.8 % |
CINCINNATI FINANCIAL CORP | 1.7 % |
JANUS HENDERSON GROUP PLC | 1.7 % |
AFFILIATED MANAGERS GROUP | 1.7 % |
BERKSHIRE HATHAWAY INC-CL B | 1.7 % |
ARCH CAPITAL GROUP LTD | 1.7 % |
Constituent Breakdown
Number of holdings | 104 |
Herfindahl-Hirschman Index | 120 |
Wgt avg mkt cap (mns) | $52,399 |
Large cap (>$10bn) | 62.6% |
Mid cap ($2-10bn) | 34.9% |
Small cap (<$2bn) | 1.6% |
Developed mkts. | 99.7% |
Emerging mkts. | 0.3% |
Country Exposure
UNITED STATES | 85.0 % | |
BERMUDA | 7.7 % | |
BRITAIN | 1.7 % | |
CAYMAN ISLANDS | 1.6 % | |
PUERTO RICO | 1.3 % | |
SWITZERLAND | 1.0 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 19.9% | 39.8% | 21.9% | 8.1% | 13.2% | 11.4% | 7.9% | Volatility | 14.4% | 17.6% | 23.5% | 23.1% | 29.8% | 23.3% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.99 | 55% |
MSCI EAFE | 1.04 | 58% |
MSCI Emg Mkts | 0.78 | 31% |
Liquidity Measures
Avg. volume (000) | 37 |
Turnover | 0.2% |
Avg. Bid/Ask (% of price) | 0.07% |
ADV of underlying (mns) | $21,132 |
Technical Indicators
Recent close | $51.60 |
30d moving avg. | $50.28 |
Annualized volatility | 24.1% |
Relative strength (RSI) | 49 |
Short interest (ETF) | 0.1% |
Short interest (underlying) | 2.9% |
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. FXO |
Expenses vs. FXO |
ALTAR Score™ vs. FXO |
---|---|---|---|---|
RSPF | Invesco S&P 500 Equal Weight Financials ETF | 38.9% | -22 bp | -1.4% |
IYF | iShares U.S. Financials ETF | 38.4% | -22 bp | -2.1% |
KIE | SPDR S&P Insurance ETF | 32.3% | -27 bp | -1.7% |
FNCL | Fidelity MSCI Financials Index ETF | 31.3% | -54 bp | -1.9% |
VFH | Vanguard Financials ETF | 31.1% | -52 bp | -1.9% |
KBE | SPDR S&P Bank ETF | 29.7% | -27 bp | +1.4% |
XLF | Financial Select Sector SPDR Fund | 25.6% | -53 bp | -2.3% |
IYG | iShares US Financial Services ETF | 23.1% | -22 bp | -2.5% |
KCE | SPDR S&P Capital Markets ETF | 23.0% | -27 bp | -1.5% |
PFI | Invesco Dorsey Wright Financial Momentum ETF | 22.7% | -2 bp | -1.2% |
Risk and Returns: FXO 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 10/9/2024
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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
FXO
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™
FXO
7.9%
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%. FXO's ALTAR Score™ is approximately
1.0 standard deviations
above
the category average. This places FXO in the 84th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FXOSELL
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 |
FXO (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) |
|
---|---|---|---|
FXO | 62.0 | 7.1 | 69.1 |
Peer Avg. | 37.4 | 15.4 | 52.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .