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First Trust Technology AlphaDEX Fund (FXL)

127.59 +0.55 (+0.43%)
At close: April 24 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 -0.29%
5y Average Return 13.67%
Rank in Category (ytd) --
% Rank in Category (ytd) --
Beta (5Y Monthly) 1.19
Morningstar Risk Rating --

Risk Statistics

3 Years5 Years10 Years
FXLCategory AverageFXLCategory AverageFXLCategory Average
Alpha -0.59 -3.34 4.08 3.33 6.2 6.2
BETA 1.19 1.26 1.2 1.22 1.2 1.19
Mean Annual Return 0.71 0.51 1.5 1.45 1.43 1.43
R-squared 78.32 67.57 80.68 72.13 75.2 70.36
Standard Deviation 22.34 26.13 23.7 25.71 20.41 21.2
Sharpe Ratio 0.25 0.14 0.67 0.61 0.77 0.75
Treynor Ratio 2.74 0.31 11.86 10.86 12.31 12.24

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