From Nasdaq: 2024-11-11 06:20:07

The First Trust Technology AlphaDEX ETF (FXL) is a smart beta ETF launched in 2007, offering exposure to the Technology ETFs category. Smart beta funds track non-cap weighted strategies, aiming to beat the market with stock selection based on fundamental characteristics. FXL has over $1.44 billion in assets and aims to match the StrataQuant Technology Index performance.

Expense ratios are important in ETF returns, with FXL’s operating expenses at 0.62%. The ETF’s heaviest sector allocation is in Information Technology at 81.50%, with top holdings including Applovin Corp., Palantir Technologies, and Meta Platforms. FXL has gained about 18.46% year-to-date and 36.54% over the past year.

Investors seeking alternatives to FXL can consider Technology Select Sector SPDR ETF (XLK) or Vanguard Information Technology ETF (VGT), both tracking different indices with lower expense ratios. For those looking for cheaper and lower-risk options, traditional market cap weighted ETFs in the Technology category are available. Consider researching and comparing ETFs to align with your investment goals.



Read more at Nasdaq: Is First Trust Technology AlphaDEX ETF (FXL) a Strong ETF Right Now?