First Trust Technology AlphaDEX Fund
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$136.08
- Net Assets:$0 Million
- NAV:$137.45
- Premium-1.0%
- Peer Rank:214 of 559
- Investment Rating:B-
- Performance:B+
- RiskC
We rate First Trust Technology AlphaDEX at B-. Positive factors that influence this rating include a well above average total return, low expense structure and long term portfolio management tenure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Growth - Domestic strategy.
Total return ranks very high in comparison with peers over the last three years. The First Trust Technology AlphaDEX has returned an annual rate of 12.46% since inception. More recently, the fund has generated a total return of 17.78% in the last five years, 8.27% in the last three years, and 32.53% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 97% of them. It has also outpaced 76% of its competitors on a three year basis and 92% of them over the last year for the period ending 2/29/2024. On a year to date basis, FXL has returned 7.26%.
Downside risk has been below average. FXL has a draw down risk of -34.63%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 22.8%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months.
High expense ratio hinders performance. As FXL is an exchange traded fund, it has no front end or back end load.
The First Trust Technology AlphaDEX is managed by David G. McGarel at First Trust Advisors LP. This fund is one of 195 First Trust Advisors LP exchange-traded funds launched since 8/19/2003 that we track.