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First Trust Technology AlphaDEX Fund (FXL)

143.19 +0.34 (+0.24%)
At close: October 18 at 3:59 PM EDT

ETF Summary

The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is a modified equal-dollar weighted index to objectively identify and select stocks from the Russell 1000? Index in the technology sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX? selection methodology.

Risk Overview

Performance & Risk

YTD Return 11.92%
5y Average Return 17.28%
Rank in Category (ytd) --
% Rank in Category (ytd) --
Beta (5Y Monthly) 1.20
Morningstar Risk Rating --

Risk Statistics

3 Years5 Years10 Years
FXLCategory AverageFXLCategory AverageFXLCategory Average
Alpha -3.41 -4.62 2.96 2.62 5.32 5.63
BETA 1.2 1.29 1.19 1.21 1.2 1.2
Mean Annual Return 0.57 0.5 1.5 1.49 1.42 1.45
R-squared 78.02 67.86 80.47 69.95 75.32 69.87
Standard Deviation 22.43 26.16 22.92 25.36 20.34 21.54
Sharpe Ratio 0.13 0.1 0.68 0.62 0.75 0.74
Treynor Ratio 0.46 -0.62 11.88 11.28 11.99 12.1

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