First Trust Financials AlphaDEX Fund
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$44.82
- Net Assets:$0 Million
- NAV:$44.72
- Premium0.22%
- Peer Rank:12 of 35
- Investment Rating:C+
- Performance:C
- RiskB-
We rate First Trust Financials AlphaDEX at C+. Positive factors that influence this rating include a greater than 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 Sector - Financial Services strategy.
Total return ranks above peers over the last three years. The First Trust Financials AlphaDEX has returned an annual rate of 7.04% since inception. More recently, the fund has generated a total return of 11.03% in the last five years, 5.72% in the last three years, and 3.85% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 80% of them. It has also outpaced 64% of its competitors on a three year basis and 23% of them over the last year for the period ending 2/29/2024. On a year to date basis, FXO has returned 3.28%.
Downside risk has been below average. FXO has a draw down risk of -25.33%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 24.1%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months.
Low expense ratio helps performance. As FXO is an exchange traded fund, it has no front end or back end load.
The First Trust Financials 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.