Tearsheet

First Trust Energy AlphaDEX Fund (FXN)

Market Price (7/14/2026): $21.17

First Trust Energy AlphaDEX Fund (FXN)

Market Price (7/14/2026): $21.17

Key Takeaways

FXN has returned +28.5% YTD vs +10.2% for SPY; +32.9% over the past 12 months (SPY +21.2%). details →
Priced in gold, FXN has returned -32.1% over the past 3 years, vs +42.0% in dollars — its dollar gains have lagged gold. details →
Over the past month, FXN has seen net outflows of −$327M (−55.5% of assets). details →
Risk-adjusted returns trail SPY: 3-year Sharpe ratio of 0.4 vs 1.0. details →
Analysts expect -2% revenue growth across FXN's holdings (next fiscal year) vs +8% for SPY; expected earnings growth: -5% vs +17%. details →

Last updated: 7/13/2026.

Price Chart

ETF Price
Price/Gold

Asset Allocation with FXN

Risk Tolerance:

ConservativeModerateAggressive

Moderate — 55% equity / 25% bonds / 20% alternatives

10Y Return (ann.)

+8.2%

Volatility

22.0%

Sharpe

0.34

YTD

+16.2%

Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

	ETF	%	1D	1W	1M	YTD
Equity	FXN	25.0%	2.2%	4.6%	-2.5%	28.5%
Bond	BND	50.0%	-0.4%	-0.9%	-0.2%	-0.2%
Gold	GLD	10.0%	-2.6%	-3.9%	-2.0%	-7.4%
Commodity	DBC	2.5%	2.9%	4.9%	-2.9%	26.7%
Real Estate	VNQ	5.0%	0.5%	0.6%	1.0%	12.7%
Bitcoin	BTCUSD	0.0%	-0.6%	-0.4%	3.8%	-27.1%
Cash	GOVT	7.5%	-0.3%	-0.7%	-0.4%	-0.7%
Conservative Portfolio		100.0%	0.2%	0.4%	-1.0%	7.5%

	ETF	%	1D	1W	1M	YTD
Equity	FXN	55.0%	2.2%	4.6%	-2.5%	28.5%
Bond	BND	25.0%	-0.4%	-0.9%	-0.2%	-0.2%
Gold	GLD	7.0%	-2.6%	-3.9%	-2.0%	-7.4%
Commodity	DBC	4.0%	2.9%	4.9%	-2.9%	26.7%
Real Estate	VNQ	5.0%	0.5%	0.6%	1.0%	12.7%
Bitcoin	BTCUSD	2.0%	-0.6%	-0.4%	3.8%	-27.1%
Cash	GOVT	2.0%	-0.3%	-0.7%	-0.4%	-0.7%
Moderate Portfolio		100.0%	1.1%	2.2%	-1.6%	16.2%

	ETF	%	1D	1W	1M	YTD
Equity	FXN	80.0%	2.2%	4.6%	-2.5%	28.5%
Bond	BND	5.0%	-0.4%	-0.9%	-0.2%	-0.2%
Gold	GLD	3.0%	-2.6%	-3.9%	-2.0%	-7.4%
Commodity	DBC	2.2%	2.9%	4.9%	-2.9%	26.7%
Real Estate	VNQ	4.5%	0.5%	0.6%	1.0%	12.7%
Bitcoin	BTCUSD	5.2%	-0.6%	-0.4%	3.8%	-27.1%
Cash	GOVT	0.0%	-0.3%	-0.7%	-0.4%	-0.7%
Aggressive Portfolio		100.0%	1.7%	3.6%	-1.9%	22.3%

	ETF	%	Return	Volatility	Sharpe
Equity	FXN	25.0%	6.0%	37.6%	0.26
Bond	BND	50.0%	1.4%	5.1%	-0.24
Gold	GLD	10.0%	11.2%	15.0%	0.60
Commodity	DBC	2.5%	6.3%	17.1%	0.28
Real Estate	VNQ	5.0%	5.1%	17.6%	0.21
Bitcoin	BTCUSD	0.0%	57.6%	76.3%	0.91
Cash	GOVT	7.5%	0.4%	4.9%	-0.46
Conservative Portfolio		100.0%	5.2%	10.9%	0.26

	ETF	%	Return	Volatility	Sharpe
Equity	FXN	55.0%	6.0%	37.6%	0.26
Bond	BND	25.0%	1.4%	5.1%	-0.24
Gold	GLD	7.0%	11.2%	15.0%	0.60
Commodity	DBC	4.0%	6.3%	17.1%	0.28
Real Estate	VNQ	5.0%	5.1%	17.6%	0.21
Bitcoin	BTCUSD	2.0%	57.6%	76.3%	0.91
Cash	GOVT	2.0%	0.4%	4.9%	-0.46
Moderate Portfolio		100.0%	8.2%	22.0%	0.34

	ETF	%	Return	Volatility	Sharpe
Equity	FXN	80.0%	6.0%	37.6%	0.26
Bond	BND	5.0%	1.4%	5.1%	-0.24
Gold	GLD	3.0%	11.2%	15.0%	0.60
Commodity	DBC	2.2%	6.3%	17.1%	0.28
Real Estate	VNQ	4.5%	5.1%	17.6%	0.21
Bitcoin	BTCUSD	5.2%	57.6%	76.3%	0.91
Cash	GOVT	0.0%	0.4%	4.9%	-0.46
Aggressive Portfolio		100.0%	10.4%	31.7%	0.38

Figures are on an annualized basis, based on monthly return data for the last 10 years

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	FXN	25.0%	39.9%	-58.3%	-37.2%
Bond	BND	50.0%	-14.2%	-2.2%	1.3%
Gold	GLD	10.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.5%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	0.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	7.5%	-12.4%	4.4%	1.6%
Conservative Portfolio		100.0%	0.2%	-18.7%	-9.0%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	FXN	55.0%	39.9%	-58.3%	-37.2%
Bond	BND	25.0%	-14.2%	-2.2%	1.3%
Gold	GLD	7.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	4.0%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	2.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	2.0%	-12.4%	4.4%	1.6%
Moderate Portfolio		100.0%	15.8%	-36.7%	-21.8%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	FXN	80.0%	39.9%	-58.3%	-37.2%
Bond	BND	5.0%	-14.2%	-2.2%	1.3%
Gold	GLD	3.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.2%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	4.5%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	5.2%	-56.0%	-33.5%	-37.4%
Cash	GOVT	0.0%	-12.4%	4.4%	1.6%
Aggressive Portfolio		100.0%	27.2%	-51.1%	-32.4%

The table shows the return of different asset classes during market crises - specifically during the period where the S&P fell and bottomed

Learn More →

Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance

Learn More →

Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Valuation & Yield

	Forward [4,5]	Now	Historical (CYE & TTM)
	7/31/27	7/14/26	2025	2024	2023	2022	2021
Share Price CYE		$21.08	$16.41	$15.87	$15.83	$15.68	$10.67
Dividend/Share TTM		$0.30	$0.42	$0.41	$0.52	$0.39	$0.10
Valuation [1]
P/S	1.40	1.55	1.31	1.36	1.31	1.16	1.17
P/E		15.08	13.38	15.49	8.25	6.44	13.60
P/E (Non-GAAP) [2]	10.24	11.92	13.32	13.75	9.53	11.41	17.07
P/FCF		14.69	13.76	19.61	12.92	7.65	9.52
Yields TTM
Earnings Yield	9.77%	6.63%	7.47%	6.45%	12.11%	15.54%	7.35%
Dividend Yield	1.41%	1.41%	2.54%	2.58%	3.26%	2.48%	0.97%
Total Yield (TY)	11.18%	8.04%	10.02%	9.03%	15.37%	18.02%	8.33%
Risk Premium [3]
Risk Free Rate (Rf)	4.56%	4.56%	4.18%	4.58%	3.88%	3.88%	1.52%
Risk Prem. (TY - Rf)	6.62%	3.48%	5.84%	4.45%	11.49%	14.14%	6.81%
Growth Rates [6]
Sales Growth	-2.0%	2.5%	3.1%	-0.9%	-17.2%	55.3%
Earnings Growth [7]	-4.7%	12.3%	13.8%	-40.8%	-30.1%	267.1%

[1] P/E uses the aggregate method over profitable constituents; P/FCF aggregates net free cash flow across all constituents (negative-FCF names reduce it); P/S uses all constituents. Ratios reflect current ETF holdings at current weights. P/FCF has no Forward column (no analyst FCF estimate).
[2] P/E (Non-GAAP) uses analyst consensus net income (adjusted basis) for all periods. The standard P/E row above uses GAAP net income.
[3] The premium above the risk free rate (US 10Y) offered by the investment. Negative premiums can indicate stretched valuations.
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Highlights

YIELD

FXN's earnings yield is 6.63%, based on its 15.1x trailing P/E. With a 1.41% dividend yield, FXN is yielding 8.04% in total.

RISK

Compared to US Treasuries at 4.56%, FXN's total yield implies a healthy 3.48% risk premium. Healthy risk premiums suggest reasonable valuations.

FORWARD EXPECTATIONS

Based on analyst estimates, FXN's forward total yield is 11.18%, implying a 6.62% risk premium assuming stable Treasury rates.

Top 20 Holdings for FXN

Total Weights
Top 5: 23.7% | Top 10: 42.7% | Top 20: 72.5%

Ticker	Holding	ETF Weight	Sales Weight	Earnings Weight	Fwd P/S	Fwd P/E	Fwd Sales Growth	Fwd Earnings Growth
Total		98.35%	100.00%	100.00%	1.4	10.2	-2.0%	-4.7%
Top 20		72.49%	79.07%	86.21%	1.3	9.0	-2.9%	-6.4%
DINO	HF Sinclair	5.23%	15.40%	6.64%	0.5	7.8	-9.3%	-28.1%
APA	APA	4.79%	5.29%	9.10%	1.4	6.9	-10.7%	-27.2%
DVN	Devon Energy	4.77%	4.61%	6.11%	1.1	8.3	+13.5%	+9.7%
EXE	Expand Energy	4.46%	4.84%	10.49%	1.5	9.5	-2.4%	+8.8%
RRC	Range Resources	4.45%	2.64%	7.18%	2.4	8.4	+5.3%	+6.5%
AR	Antero Resources	4.41%	3.59%	6.09%	1.6	7.2	-0.1%	-7.5%
EQT	EQT	4.29%	2.07%	6.89%	3.3	11.4	-0.4%	-5.7%
OVV	Ovintiv	3.45%	3.24%	2.67%	1.6	7.1	-4.8%	-5.4%
COP	ConocoPhillips	3.43%	2.27%	2.76%	2.1	12.8	-7.0%	-11.9%
PR	Permian Resources	3.40%	1.70%	2.11%	2.5	10.0	+5.0%	+31.3%
WFRD	Weatherford International	3.38%	4.45%	4.08%	1.2	11.9	+9.6%	+23.6%
EOG	EOG Resources	3.38%	1.68%	3.80%	2.6	8.9	-6.1%	-17.8%
MTDR	Matador Resources	3.37%	2.90%	3.78%	1.6	6.3	+12.8%	+20.4%
CHRD	Chord Energy	3.35%	4.05%	—	1.3	7.1	-11.8%	-26.6%
FSLR	First Solar	3.15%	1.13%	3.37%	4.3	10.5	+16.6%	+35.7%
PSX	Phillips 66	2.73%	7.24%	2.15%	0.5	10.1	-5.8%	-4.6%
OXY	Occidental Petroleum	2.67%	1.55%	3.54%	2.2	11.6	-6.2%	-29.9%
VLO	Valero Energy	2.64%	5.88%	1.92%	0.7	11.4	-6.4%	-27.0%
CVX	Chevron	2.61%	2.11%	1.21%	1.7	13.7	-9.0%	-14.9%
OKE	ONEOK	2.53%	2.41%	2.34%	1.5	15.4	-2.5%	+6.0%

[1] Total and Top 20 rows are weighted aggregates across constituents.
[2] Forward P/S and P/E ratios use consensus sales and earnings for the 12 months ending 7/31/27. Individual constituent FY1 and FY2 consensus figures adjusted to align with 7/31/27.
[3] Forward Sales and Non-GAAP Earnings Growth are calculated as next fiscal year (FY2) consensus growth over current fiscal year (FY1) consensus. They are not derived from the forward P/S and P/E multiples shown.

Performance for FXN Top Holdings

Ticker	Holding	Weight	Mkt Price 7/13	1D Rtn	1M Rtn	YTD Rtn	1Y Rtn	3Y Rtn	5Y Rtn	10Y Rtn
FXN	First Trust Energy AlphaDEX Fund	100.00%	21.08	2.2%	-2.2%	28.5%	32.9%	42.0%	122.2%	77.0%
DINO	HF Sinclair	5.23%	81.70	4.6%	14.7%	80.3%	87.6%	99.9%	220.7%	377.4%
APA	APA	4.79%	34.67	3.7%	-6.3%	44.0%	79.6%	6.0%	110.7%
DVN	Devon Energy	4.77%	43.73	3.6%	-2.8%	20.9%	32.1%	-1.0%	105.1%	64.2%
EXE	Expand Energy	4.46%	87.10	-0.2%	-1.9%	-20.2%	-14.9%	16.9%	116.3%
RRC	Range Resources	4.45%	36.24	2.1%	-6.1%	3.3%	-4.3%	31.7%	138.1%	-10.2%
AR	Antero Resources	4.41%	34.28	3.2%	-1.6%	-0.5%	-4.6%	51.7%	140.2%	30.0%
EQT	EQT	4.29%	49.72	1.8%	-4.3%	-6.7%	-9.1%	35.8%	159.5%	32.7%
OVV	Ovintiv	3.45%	56.51	1.8%	-1.1%	45.7%	38.2%	60.3%	124.6%	76.1%
COP	ConocoPhillips	3.43%	112.85	3.5%	-3.5%	22.4%	21.9%	15.6%	138.1%	264.3%
PR	Permian Resources	3.40%	19.62	2.5%	1.4%	42.2%	44.1%	106.7%	266.2%	129.8%
WFRD	Weatherford International	3.38%	81.10	-3.9%	-19.9%	4.2%	41.3%	9.9%	370.3%	1,285.1%
EOG	EOG Resources	3.38%	139.61	4.1%	2.2%	35.3%	17.5%	29.6%	124.3%	127.5%
MTDR	Matador Resources	3.37%	53.11	3.4%	-1.7%	27.0%	4.5%	8.4%	70.8%	160.8%
CHRD	Chord Energy	3.35%	122.36	4.2%	-9.6%	34.6%	17.4%	-3.0%	96.8%
FSLR	First Solar	3.15%	221.03	-3.0%	-17.3%	-15.4%	36.1%	15.5%	145.5%	363.1%
PSX	Phillips 66	2.73%	198.29	5.3%	10.5%	56.1%	55.7%	118.8%	204.9%	281.8%
OXY	Occidental Petroleum	2.67%	54.81	3.6%	-3.1%	34.5%	20.8%	-2.7%	110.8%	-6.4%
VLO	Valero Energy	2.64%	295.79	5.4%	14.4%	83.7%	98.2%	184.2%	415.6%	775.2%
CVX	Chevron	2.61%	182.20	3.3%	-2.7%	21.8%	22.2%	34.6%	119.4%	160.0%
OKE	ONEOK	2.53%	92.19	2.5%	1.8%	28.7%	19.6%	68.8%	121.4%	251.0%

Guidance Updates for FXN Top Holdings

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
FXN Return	52%	47%	1%	0%	3%	26%	193%
Peers Return	36%	-1%	24%	18%	17%	17%	169%
S&P 500 Return	27%	-19%	24%	23%	16%	11%	102%
Monthly Win Rates [3]
FXN Win Rate	67%	67%	42%	42%	58%	71%
Peers Win Rate	72%	43%	62%	63%	63%	43%
S&P 500 Win Rate	75%	42%	67%	75%	67%	57%
Max Drawdowns [4]
FXN Max Drawdown	-18%	-25%	-18%	-19%	-28%	-14%
Peers Max Drawdown	-11%	-27%	-13%	-13%	-20%	-14%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: VGT, XLK, XLF, XLV, XLE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/13/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker	1Y	3Y	5Y
FXN	1.22	0.38	0.50
Equity Top Results (3Y)
NUSC	2.47	2.47	2.47
IALT	2.09	2.09	2.09
SPMO	1.67	1.65	0.98
VLUE	2.90	1.45	0.74
SMH	2.40	1.41	0.98

Results as of 6302026.

Event	FXN	S&P 500
2025 US Tariff Shock
% Loss	-25.4%	-18.8%
% Gain to Breakeven	34.0%	23.1%
Time to Breakeven	239 days	79 days
2023 SVB Regional Banking Crisis
% Loss	-15.2%	-6.7%
% Gain to Breakeven	18.0%	7.1%
Time to Breakeven	82 days	31 days
2020 COVID-19 Crash
% Loss	-61.5%	-33.7%
% Gain to Breakeven	159.5%	50.9%
Time to Breakeven	77 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-40.8%	-19.2%
% Gain to Breakeven	68.8%	23.8%
Time to Breakeven	1211 days	105 days
2016-2017 Trump Reflation Bond Selloff
% Loss	-15.1%	-3.7%
% Gain to Breakeven	17.8%	3.9%
Time to Breakeven	138 days	6 days
2015-2016 China Devaluation / Global Growth Scare
% Loss	-34.9%	-12.2%
% Gain to Breakeven	53.6%	13.9%
Time to Breakeven	320 days	62 days

Compare to

In The Past

First Trust Energy AlphaDEX Fund's stock fell -25.4% during the 2025 US Tariff Shock. Such a loss loss requires a 34.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Event	FXN	S&P 500
2025 US Tariff Shock
% Loss	-25.4%	-18.8%
% Gain to Breakeven	34.0%	23.1%
Time to Breakeven	239 days	79 days
2020 COVID-19 Crash
% Loss	-61.5%	-33.7%
% Gain to Breakeven	159.5%	50.9%
Time to Breakeven	77 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-40.8%	-19.2%
% Gain to Breakeven	68.8%	23.8%
Time to Breakeven	1211 days	105 days
2015-2016 China Devaluation / Global Growth Scare
% Loss	-34.9%	-12.2%
% Gain to Breakeven	53.6%	13.9%
Time to Breakeven	320 days	62 days
2014-2016 Oil Price Collapse
% Loss	-61.4%	-6.8%
% Gain to Breakeven	159.3%	7.3%
Time to Breakeven	3716 days	15 days
2011 US Debt Ceiling Crisis & European Contagion
% Loss	-36.9%	-17.9%
% Gain to Breakeven	58.5%	21.8%
Time to Breakeven	745 days	123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
% Loss	-22.9%	-15.4%
% Gain to Breakeven	29.7%	18.2%
Time to Breakeven	125 days	125 days
2008-2009 Global Financial Crisis
% Loss	-64.0%	-53.4%
% Gain to Breakeven	177.9%	114.4%
Time to Breakeven	703 days	1085 days

Compare to

In The Past

First Trust Energy AlphaDEX Fund's stock fell -25.4% during the 2025 US Tariff Shock. Such a loss loss requires a 34.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

FXN Dip Buy History

FXN had 36 events since 5/10/2007 where the dip threshold of -5.0% within 60 days was triggered

18% median peak return within 1 year of dip event
140 days is the median time to peak return after a dip event
-18% median max drawdown within 1 year of dip event

60 Day Dip			FXN Subsequent Performance
Date	FXN	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			-1%	18%	-18%	140
6172026	-6%	13%	3%	3%	-2%	26
2212025	-5%	1%	22%	21%	-23%	364
12182024	-6%	3%	7%	16%	-17%	30
6282024	-5%	5%	-11%	2%	-28%	19
11282023	-5%	1%	8%	16%	-6%	129
12082022	-6%	1%	-2%	11%	-14%	314
9012022	-8%	-4%	8%	14%	-14%	75
6172022	-6%	-17%	6%	31%	-6%	151
8162021	-5%	8%	71%	88%	-5%	295
8282020	-5%	13%	59%	78%	-17%	307
1272020	-6%	7%	-0%	10%	-62%	353
12032019	-9%	4%	-12%	19%	-62%	35
5012019	-6%	8%	-47%	0%	-72%	0
10232018	-9%	-2%	-37%	1%	-42%	15
8152018	-8%	4%	-41%	13%	-43%	49
2052018	-5%	3%	-7%	29%	-23%	240
3032017	-7%	9%	-7%	7%	-21%	326
11042016	-5%	-4%	9%	24%	-11%	35
8312016	-8%	3%	-13%	18%	-16%	100
7212016	-5%	4%	-8%	18%	-12%	141
12072015	-6%	6%	19%	19%	-24%	365
6292015	-7%	-0%	-26%	0%	-45%	1
9122014	-6%	2%	-43%	1%	-46%	4
2032014	-6%	-1%	-5%	28%	-19%	140
6242013	-5%	1%	38%	41%	0%	364
11142012	-6%	-4%	40%	40%	0%	365
4162012	-6%	5%	12%	24%	-13%	304
1262012	-7%	3%	12%	11%	-18%	28
8042011	-12%	-11%	-11%	5%	-25%	203
5162011	-6%	-0%	-23%	10%	-31%	67
5202010	-9%	-3%	55%	68%	-3%	344
2052010	-6%	-2%	45%	46%	-8%	362
7232008	-8%	-8%	-42%	4%	-65%	7
3242008	-5%	-9%	-52%	38%	-62%	91
1162008	-6%	-8%	-49%	43%	-57%	159
8152007	-6%	-7%	14%	53%	-4%	313

[1] Dip event defined as first instance dip threshold is triggered within a 60-day time period.
[2] Analysis for period from 1/1/2005 to 7/13/2026

FXN had 16 events since 5/10/2007 where the dip threshold of -10% within 90 days was triggered

12% median peak return within 1 year of dip event
183 days is the median time to peak return after a dip event
-19% median max drawdown within 1 year of dip event

90 Day Dip			FXN Subsequent Performance
Date	FXN	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			3%	12%	-19%	183
4032025	-14%	-9%	45%	58%	-14%	358
8072024	-10%	-1%	-5%	10%	-21%	163
1182024	-11%	8%	16%	24%	0%	78
3082023	-10%	5%	10%	14%	-11%	224
9262022	-11%	-10%	24%	32%	-0%	50
9242020	-12%	11%	105%	114%	0%	280
1242020	-13%	11%	-1%	6%	-64%	356
5232019	-14%	10%	-40%	2%	-69%	39
10242018	-11%	-4%	-33%	6%	-39%	14
4132017	-10%	7%	6%	13%	-16%	285
6292015	-11%	-1%	-26%	0%	-45%	1
10072014	-11%	1%	-30%	1%	-42%	1
5142012	-11%	5%	27%	29%	-9%	276
8042011	-13%	-8%	-11%	5%	-25%	203
5192010	-12%	-2%	46%	59%	-8%	345
8182008	-11%	-5%	-37%	10%	-62%	3

[1] Dip event defined as first instance dip threshold is triggered within a 90-day time period.
[2] Analysis for period from 1/1/2005 to 7/13/2026

FXN had 9 events since 5/10/2007 where the dip threshold of -20% within 180 days was triggered

21% median peak return within 1 year of dip event
144 days is the median time to peak return after a dip event
-17% median max drawdown within 1 year of dip event

180 Day Dip			FXN Subsequent Performance
Date	FXN	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			5%	21%	-17%	144
4042025	-26%	-8%	63%	77%	-4%	357
12202018	-21%	-6%	-7%	21%	-21%	124
8182017	-23%	12%	34%	42%	-1%	325
7102015	-21%	9%	-21%	3%	-42%	4
12082014	-22%	12%	-27%	18%	-28%	144
4092012	-21%	4%	15%	18%	-17%	311
11252011	-21%	-10%	5%	21%	-10%	90
9282011	-20%	-8%	15%	28%	-9%	148
9162008	-20%	-16%	-13%	13%	-55%	6

[1] Dip event defined as first instance dip threshold is triggered within a 180-day time period.
[2] Analysis for period from 1/1/2005 to 7/13/2026

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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

Ticker	Name	Dip %	Mkt Price	Price Date	Peak Price	Peak Date	# Days
XLG	Invesco S&P 500 Top 50 ETF	-5.1%	61.28	7132026	64.59	6012026	42
MAGS	Roundhill Magnificent Seven ETF	-5.6%	66.99	7132026	70.94	5142026	60
SCHA	Schwab U.S. Small-Cap ETF	-5.0%	34.32	7132026	36.13	6302026	13
IWF	iShares Russell 1000 Growth ETF	-5.6%	121.59	7132026	128.77	6012026	42
VONG	Vanguard Russell 1000 Growth ETF	-5.4%	125.14	7132026	132.35	6012026	42
AKRE	Akre Focus ETF	-15.0%	55.87	7132026	65.73	1122026	182
VSS	Vanguard FTSE All-World EX-US Small-Cap Index Fund	-5.9%	152.18	7132026	161.79	5112026	63
SCHC	Schwab International Small-Cap Equity ETF	-7.2%	47.83	7132026	51.54	3012026	134
IEMG	iShares Core MSCI Emerging Markets ETF	-8.7%	78.49	7132026	86.00	6222026	21
EEM	iShares MSCI Emerging Markets ETF	-9.4%	64.50	7132026	71.21	6222026	21
FNDE	Schwab Fundamental Emerging Markets Equity ETF	-5.2%	40.13	7132026	42.35	6022026	41
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-7.5%	34.50	7132026	37.30	6222026	21
EWY	iShares MSCI South Korea ETF	-23.3%	168.02	7132026	219.20	6212026	22
EWZ	iShares MSCI Brazil ETF	-15.2%	35.39	7132026	41.73	4142026	90
FXI	iShares China Large-Cap ETF	-18.0%	33.44	7132026	40.78	1292026	165
ILF	iShares Latin America 40 ETF	-10.5%	34.11	7132026	38.10	4142026	90
KWEB	KraneShares CSI China Internet ETF	-30.4%	26.23	7132026	37.66	1122026	182
MTUM	iShares MSCI USA Momentum Factor ETF	-8.9%	314.63	7132026	345.22	6222026	21
SPMO	Invesco S&P 500 Momentum ETF	-7.4%	149.73	7132026	161.66	6222026	21
VLUE	iShares MSCI USA Value Factor ETF	-5.3%	193.78	7132026	204.59	6252026	18
ARKK	ARK Innovation ETF	-6.4%	78.24	7132026	83.61	7062026	7
URA	Global X Uranium ETF	-34.1%	40.72	7132026	61.81	1282026	166
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-13.8%	35.87	7132026	41.63	5132026	61
ROBO	ROBO Global Robotics & Automation Index ETF	-10.8%	80.56	7132026	90.34	6022026	41
LIT	Global X Lithium & Battery Tech ETF	-23.3%	70.24	7132026	91.62	5112026	63
ICLN	iShares Global Clean Energy ETF	-21.6%	18.62	7132026	23.75	6022026	41
ARKQ	ARK Autonomous Technology & Robotics ETF	-16.1%	120.70	7132026	143.82	5282026	46
ARKW	ARK Next Generation Internet ETF	-5.3%	145.98	7132026	154.18	6012026	42
ARKX	ARK Space & Defense Innovation ETF	-17.1%	31.30	7132026	37.74	5282026	46
NASA	Tema Space Innovators ETF	-40.2%	25.05	7132026	41.89	5272026	47
XOVR	EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF	-5.2%	20.23	7132026	21.34	7062026	7
AGIX	KraneShares Artificial Intelligence ETF	-10.5%	44.22	7132026	49.40	6012026	42
GDE	WisdomTree Efficient Gold Plus Equity Strategy Fund	-13.4%	60.93	7132026	70.39	5112026	63
RAAX	VanEck Real Assets ETF	-7.9%	39.31	7132026	42.70	5112026	63
VGT	Vanguard Information Technology ETF	-8.0%	115.58	7132026	125.62	6022026	41
XLK	State Street Technology Select Sector SPDR ETF	-8.5%	181.28	7132026	198.21	6022026	41
XLE	State Street Energy Select Sector SPDR ETF	-9.3%	56.74	7132026	62.56	3292026	106
XLC	State Street Communication Services Select Sector SPDR ETF	-6.8%	111.59	7132026	119.70	2012026	162
XLY	State Street Consumer Discretionary Select Sector SPDR ETF	-6.6%	116.04	7132026	124.27	1122026	182
XLP	State Street Consumer Staples Select Sector SPDR ETF	-5.5%	84.59	7132026	89.51	3012026	134
XLB	State Street Materials Select Sector SPDR ETF	-5.2%	50.58	7132026	53.38	2112026	152
IYM	iShares U.S. Basic Materials ETF	-6.5%	176.76	7132026	189.08	3022026	133
FXN	First Trust Energy AlphaDEX Fund	-9.1%	21.08	7132026	23.18	3292026	106
SMH	VanEck Semiconductor ETF	-12.5%	585.62	7132026	668.91	6222026	21
SOXX	iShares Semiconductor ETF	-15.5%	553.61	7132026	655.01	6222026	21
XBI	State Street SPDR S&P Biotech ETF	-5.4%	155.34	7132026	164.28	7092026	4
ITA	iShares U.S. Aerospace & Defense ETF	-6.3%	235.05	7132026	250.78	7062026	7
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	-12.2%	165.19	7132026	188.18	3292026	106
IGV	iShares Expanded Tech-Software Sector ETF	-13.9%	92.70	7132026	107.70	6012026	42
MISL	First Trust Indxx Aerospace & Defense ETF	-14.4%	43.64	7132026	50.98	1192026	175
RING	iShares MSCI Global Gold Miners ETF	-36.4%	63.25	7132026	99.42	3012026	134
SOXQ	Invesco PHLX Semiconductor ETF	-15.6%	97.10	7132026	115.11	6222026	21
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	-6.3%	21.45	7132026	22.90	2162026	147
IGOV	iShares International Treasury Bond ETF	-5.6%	40.58	7132026	42.99	3012026	134
TLT	iShares 20+ Year Treasury Bond ETF	-6.2%	83.97	7132026	89.48	3012026	134
VGLT	Vanguard Long-Term Treasury ETF	-5.3%	53.74	7132026	56.76	3012026	134
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-5.6%	25.56	7132026	27.09	3012026	134
TLH	iShares 10-20 Year Treasury Bond ETF	-5.3%	97.98	7132026	103.45	3012026	134
EDV	Vanguard World Funds Extended Duration ETF	-8.4%	61.72	7132026	67.42	3012026	134
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	-10.6%	16.90	7132026	18.91	5122026	62
DBC	Invesco DB Commodity Index Tracking Fund	-10.6%	28.33	7132026	31.69	5122026	62
COMT	iShares GSCI Commodity Dynamic Roll Strategy ETF	-12.0%	32.16	7132026	36.53	5192026	55
GSG	iShares GSCI Commodity	-5.8%	30.01	7132026	31.85	3182026	117
BCI	abrdn Bloomberg All Commodity Strategy K-1 Free ETF	-9.9%	23.34	7132026	25.91	5122026	62
FTGC	First Trust Global Tactical Commodity Strategy Fund	-7.3%	28.30	7132026	30.53	5122026	62
HGER	Harbor Commodity All-Weather Strategy ETF	-7.0%	31.13	7132026	33.47	5122026	62
GLD	SPDR Gold Trust	-26.0%	367.13	7132026	495.90	1292026	165
IAU	iShares Gold Trust	-25.9%	75.25	7132026	101.57	1292026	165
GLDM	SPDR Gold MiniShares Trust	-25.8%	79.17	7132026	106.77	1292026	165
SGOL	ETFS Physical Swiss Gold Shares	-13.1%	44.66	7132026	51.41	1292026	165
BAR	Direxion Daily Gold Bull 3X Shares	-16.6%	44.34	7132026	53.16	1292026	165
SLV	iShares Silver Trust	-50.6%	52.16	7132026	105.60	1282026	166
SIVR	ETFS Physical Silver Shares Trust ETF	-24.8%	83.39	7132026	110.87	1282026	166
PPLT	ETFS Physical Platinum Shares	-42.4%	14.52	7132026	25.23	1252026	169
CPER	United States Copper Index Fund ETV	-13.9%	33.33	7132026	38.71	1292026	165
PALL	ETFS Physical Palladium Shares	-38.9%	22.73	7132026	37.18	1282026	166
USO	United States Oil Fund LP	-23.0%	117.79	7132026	152.96	5192026	55
UNG	United States Natural Gas Fund LP	-38.6%	10.37	7132026	16.90	2012026	162
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	7132026	60.13	5042026	70
IBIT	iShares Bitcoin Trust ETF	-36.5%	35.22	7132026	55.44	1142026	180
FBTC	Fidelity Wise Origin Bitcoin Fund	-36.4%	54.13	7132026	85.12	1142026	180
GBTC	Grayscale Bitcoin Trust ETF	-19.0%	61.84	7132026	76.31	1142026	180
ETHA	iShares Ethereum Trust ETF	-47.8%	13.37	7132026	25.59	1142026	180

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-07-13

Asset allocation rotation · Past week

Equity ETFs drew the largest net inflows (+$24.0B), followed by Bond (+$5.6B), while Crypto (−$501M) and Commodity (−$232M) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$7.2B) and out of High Yield Corporate (−$911M).
Relative to fund size, ARKQ drew the largest inflow (+52.2% of AUM) and FXL the largest outflow (−29.9%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$5.31B	+11.3%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$5.22B	+0.7%
3	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$4.14B	+0.4%
4	ARKK	ARK Innovation ETF	Equity Thematic	+$2.09B	+30.4%
5	EFV	iShares MSCI EAFE Value ETF	Equity International Developed Broad	+$2.09B	+8.1%
6	DRAM	Roundhill Memory ETF	Other	+$1.91B	+8.2%
7	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$1.33B	+3.1%
8	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$1.28B	+1.3%
9	ARKQ	ARK Autonomous Technology & Robotics ETF	Equity Thematic	+$1.11B	+52.2%
10	VXUS	Vanguard Total International Stock ETF	Equity International Broad	+$1.1B	+0.7%

#	Ticker	Name	Type	Net flow	% of AUM
1	ARKQ	ARK Autonomous Technology & Robotics ETF	Equity Thematic	+$1.11B	+52.2%
2	ARKK	ARK Innovation ETF	Equity Thematic	+$2.09B	+30.4%
3	ARKW	ARK Next Generation Internet ETF	Equity Thematic	+$505M	+28.6%
4	DFGP	Dimensional - Global Core Plus Fixed Income ETF	Other	+$575M	+19.6%
5	IXC	iShares Global Energy ETF	Other	+$413M	+18.1%
6	IHE	iShares U.S. Pharmaceuticals ETF	Other	+$229M	+16.8%
7	JTEK	JPMorgan U.S. Tech Leaders ETF	Other	+$499M	+11.3%
8	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$5.31B	+11.3%
9	USCL	iShares Climate Conscious & Transition MSCI USA ETF	Other	+$264M	+9.4%
10	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$98M	+9.1%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$3.58B	-0.4%
2	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	-$1.35B	-0.3%
3	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	-$1.18B	-7.0%
4	FXL	First Trust Technology AlphaDEX Fund	Other	-$768M	-29.9%
5	IQMM	ProShares - GENIUS Money Market ETF	Other	-$680M	-3.3%
6	RSP	Invesco S&P 500 Equal Weight ETF	Equity Factor Smart Beta	-$503M	-0.5%
7	KRE	State Street SPDR S&P Regional Banking ETF	Equity Industry Subsector	-$471M	-9.6%
8	SCZ	iShares MSCI EAFE Small-Cap ETF	Equity International Small Cap	-$466M	-3.4%
9	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$442M	-10.1%
10	AVDV	Avantis International Small Cap Value ETF	Other	-$401M	-2.1%

#	Ticker	Name	Type	Net flow	% of AUM
1	FXL	First Trust Technology AlphaDEX Fund	Other	-$768M	-29.9%
2	LCTU	iShares U.S. Carbon Transition Readiness Aware Active ETF	Other	-$260M	-17.4%
3	ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	Equity Emerging Markets	-$232M	-17.2%
4	KLMN		Other	-$369M	-13.7%
5	QAI	NYLI Hedge Multi-Strategy Tracker ETF	Other	-$108M	-10.7%
6	DTCR	Global X - Data Center & Digital Infrastructure ETF	Other	-$234M	-10.5%
7	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$442M	-10.1%
8	QLTA	iShares Aaa - A Rated Corporate Bond ETF	Other	-$127M	-9.7%
9	ITB	iShares U.S. Home Construction ETF	Other	-$233M	-9.6%
10	KRE	State Street SPDR S&P Regional Banking ETF	Equity Industry Subsector	-$471M	-9.6%

Asset allocation rotation · Past month

Equity ETFs drew the largest net inflows (+$96.4B), followed by Bond (+$27.8B), while Commodity (−$3.2B) and Crypto (−$3.2B) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$44.8B) and out of Gold (−$3.2B).
Relative to fund size, ARKQ drew the largest inflow (+50.2% of AUM) and NASA the largest outflow (−90.0%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$84.73B	+9.6%
2	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$15.01B	+9.8%
3	DRAM	Roundhill Memory ETF	Other	+$9.34B	+39.9%
4	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$5.87B	+12.9%
5	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	+$5.56B	+16.7%
6	VXUS	Vanguard Total International Stock ETF	Equity International Broad	+$4.44B	+2.9%
7	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$3.94B	+23.6%
8	VTI	Vanguard Total Stock Market ETF	Equity US Total Market	+$3.85B	+0.6%
9	BND	Vanguard Total Bond Market ETF	Bond US Aggregate Core	+$3.27B	+2.0%
10	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$2.99B	+3.1%

#	Ticker	Name	Type	Net flow	% of AUM
1	ARKQ	ARK Autonomous Technology & Robotics ETF	Equity Thematic	+$1.08B	+50.2% ⚠
2	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$2.06B	+49.4%
3	DRAM	Roundhill Memory ETF	Other	+$9.34B	+39.9%
4	FXL	First Trust Technology AlphaDEX Fund	Other	+$929M	+37.7%
5	IHE	iShares U.S. Pharmaceuticals ETF	Other	+$398M	+35.2%
6	USO	United States Oil Fund LP	Commodity Energy	+$630M	+32.1%
7	FLKR	Franklin FTSE South Korea ETF	Other	+$339M	+26.8%
8	DFGP	Dimensional - Global Core Plus Fixed Income ETF	Other	+$630M	+23.9%
9	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$3.94B	+23.6%
10	QTEC	First Trust NASDAQ-100-Technology Sector Index Fund	Other	+$1.02B	+22.1%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$52.78B	-5.4%
2	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.64B	-43.7%
3	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	-$2.58B	-0.3%
4	IBIT	iShares Bitcoin Trust ETF	Crypto	-$2.04B	-4.4%
5	IAU	iShares Gold Trust	Commodity Gold	-$1.63B	-2.6%
6	IQMM	ProShares - GENIUS Money Market ETF	Other	-$1.43B	-7.0%
7	NASA	Tema Space Innovators ETF	Equity Thematic	-$1.38B	-90.0%
8	GLD	SPDR Gold Shares	Commodity Gold	-$1.36B	-1.0%
9	XLE	State Street Energy Select Sector SPDR ETF	Equity Broad Sector	-$1.02B	-2.8%
10	VO	Vanguard Mid-Cap ETF	Equity US Mid Cap Core	-$986M	-0.9%

#	Ticker	Name	Type	Net flow	% of AUM
1	NASA	Tema Space Innovators ETF	Equity Thematic	-$1.38B	-90.0%
2	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.64B	-43.7%
3	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$305M	-22.3%
4	RPV	Invesco S&P 500 Pure Value ETF	Other	-$307M	-19.2%
5	LCTU	iShares U.S. Carbon Transition Readiness Aware Active ETF	Other	-$260M	-17.5%
6	QLTA	iShares Aaa - A Rated Corporate Bond ETF	Other	-$265M	-17.0%
7	ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	Equity Emerging Markets	-$272M	-16.3%
8	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$634M	-13.9%
9	XOVR	ERShares Private-Public Crossover ETF	Equity Thematic	-$250M	-11.7%
10	QVML	Invesco S&P 500 QVM Multi-factor ETF	Other	-$160M	-10.9%

Asset allocation rotation · Past 3 months

Equity ETFs drew the largest net inflows (+$221.9B), followed by Bond (+$70.6B), while Commodity (−$9.2B) and Crypto (−$6.8B) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$93.5B) and out of Gold (−$8.4B).
Relative to fund size, DRAM drew the largest inflow (+185.5% of AUM) and FXN the largest outflow (−60.3%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$62.02B	+7.5%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$26.55B	+3.4%
3	DRAM	Roundhill Memory ETF	Other	+$22.59B	+185.5%
4	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$16.4B	+11.4%
5	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$14.85B	+3.1%
6	VTI	Vanguard Total Stock Market ETF	Equity US Total Market	+$13.38B	+2.1%
7	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$12.52B	+13.3%
8	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$12.4B	+13.5%
9	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$10.73B	+28.8%
10	BND	Vanguard Total Bond Market ETF	Bond US Aggregate Core	+$9.68B	+6.2%

#	Ticker	Name	Type	Net flow	% of AUM
1	DRAM	Roundhill Memory ETF	Other	+$22.59B	+185.5%
2	NASA	Tema Space Innovators ETF	Equity Thematic	+$1.97B	+148.3%
3	ARKQ	ARK Autonomous Technology & Robotics ETF	Equity Thematic	+$2.35B	+107.4% ⚠
4	XOVR	ERShares Private-Public Crossover ETF	Equity Thematic	+$1.31B	+87.2%
5	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$1.44B	+57.6% ⚠
6	FXL	First Trust Technology AlphaDEX Fund	Other	+$920M	+56.7%
7	ARKK	ARK Innovation ETF	Equity Thematic	+$3.41B	+50.5% ⚠
8	TSPA	T. Rowe Price U.S. Equity Research ETF	Other	+$1.57B	+46.0%
9	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$5.15B	+40.2%
10	FTLS	First Trust Long/Short Equity ETF	Equity Asset Allocation	+$897M	+38.4%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$12.49B	-1.3%
2	QUAL	iShares MSCI USA Quality Factor ETF	Equity Factor Smart Beta	-$6.63B	-13.6%
3	GLD	SPDR Gold Shares	Commodity Gold	-$6.35B	-4.2%
4	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.31B	-34.3%
5	IBIT	iShares Bitcoin Trust ETF	Crypto	-$3.78B	-6.5%
6	BIL	State Street SPDR Bloomberg 1-3 Month T-Bill ETF	Cash	-$3.57B	-7.7%
7	EFV	iShares MSCI EAFE Value ETF	Equity International Developed Broad	-$3.08B	-10.5%
8	IQMM	ProShares - GENIUS Money Market ETF	Other	-$2.76B	-12.5%
9	IAU	iShares Gold Trust	Commodity Gold	-$2.64B	-3.8%
10	IAGG	iShares Core International Aggregate Bond ETF	Bond International	-$2.42B	-18.5%

#	Ticker	Name	Type	Net flow	% of AUM
1	FXN this	First Trust Energy AlphaDEX Fund	Equity Broad Sector	-$710M	-60.3%
2	EEMA	iShares MSCI Emerging Markets Asia ETF	Other	-$509M	-39.3%
3	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.31B	-34.3%
4	SH	ProShares - Short S&P500	Other	-$337M	-32.9%
5	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.15B	-27.7%
6	QLTA	iShares Aaa - A Rated Corporate Bond ETF	Other	-$359M	-24.0%
7	AKRE	Akre Focus ETF	Equity US Large Growth	-$1.41B	-23.5%
8	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$1.26B	-22.4%
9	LCTU	iShares U.S. Carbon Transition Readiness Aware Active ETF	Other	-$282M	-19.1%
10	IDU	iShares U.S. Utilities ETF	Other	-$265M	-18.7%

Largest ETF fund flows across ~2563 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About FXN

Holdings Count: 41
Expense Ratio: 0.63%
Inception Date: 2007-05-08

First Trust Energy AlphaDEX Fund
The First Trust Energy AlphaDEX Fund functions as an exchange-traded fund. Its primary goal is to replicate the performance, in terms of both price movements and dividend income, of a specific equity benchmark known as the StrataQuant Energy Index, prior to accounting for any associated fees and operational expenses.
Asset Class: Sector Equity | ETF Website

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
DGICB	Donegal	1.0	16.6%	53.8%
KOS	Kosmos Energy	1.2	16.2%	168.9%
CNXC	Concentrix	1.5	12.1%	-38.8%
FIG	Figma	12.4	12.0%	-36.7%
TCBK	TriCo Bancshares	1.9	12.0%	28.7%
CNMD	Conmed	1.3	10.2%	4.5%
NOG	Northern Oil & Gas	2.0	9.9%	-1.5%
RHI	Robert Half	3.5	9.8%	37.4%
VRRM	Verra Mobility	0.7	9.7%	-79.8%
KRO	Kronos Worldwide	0.7	9.7%	48.6%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FAC	Factorial Energy	0.6	-35.6%	42.3%
RXT	Rackspace Technology	1.1	-15.4%	365.5%
TSHA	Taysha Gene Therapies	2.0	-15.1%	-2.2%
ABTC	American Bitcoin	5.4	-13.8%	-79.3%
PHAT	Phathom Pharmaceuticals	0.9	-13.4%	-34.2%
APP	AppLovin	149.4	-12.6%	-34.3%
SNDK	SanDisk	247.7	-12.6%	605.2%
ALAB	Astera Labs	61.8	-12.3%	117.6%
AXTI	AXT	2.7	-11.8%	208.6%
FBYD	Falcons Beyond Global	0.6	-11.3%	-12.9%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
CRNX	Crinetics Pharmaceuticals	8.7	99.1%	79.7%
TRAX	First Tracks Biotherapeutics	1.2	74.7%	88.2%
ALIT	Alight	10.9	24.7%	-46.6%
VG	Venture Global	32.9	23.1%	96.4%
BAND	Bandwidth	2.3	21.7%	377.7%
CNMD	Conmed	1.3	20.8%	4.5%
NGNE	Neurogene	0.9	17.7%	86.0%
NOG	Northern Oil & Gas	2.0	17.2%	-1.5%
PARR	Par Pacific	3.4	16.8%	101.8%
KOS	Kosmos Energy	1.2	16.7%	168.9%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
FAC	Factorial Energy	0.6	-40.2%	42.3%
ABTC	American Bitcoin	5.4	-37.8%	-79.3%
FCEL	FuelCell Energy	1.0	-35.8%	161.0%
FBYD	Falcons Beyond Global	0.6	-34.1%	-12.9%
IONS	Ionis Pharmaceuticals	9.4	-31.8%	-28.3%
RXT	Rackspace Technology	1.1	-29.6%	365.5%
NTLA	Intellia Therapeutics	1.5	-27.0%	44.8%
STUB	Stubhub	3.7	-24.8%	-23.9%
MIDD	Middleby	6.4	-24.7%	-9.2%
TE	T1 Energy	1.8	-24.3%	-1.9%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
CRNX	Crinetics Pharmaceuticals	8.7	143.8%	79.7%
BLZE	Backblaze	1.0	118.8%	247.4%
TRAX	First Tracks Biotherapeutics	1.2	113.2%	88.2%
RGNX	Regenxbio	0.7	108.0%	-11.5%
MBX	MBX Biosciences	2.8	93.7%	90.4%
DFTX	Definium Therapeutics, Inc.	4.7	87.8%	223.1%
SLS	SELLAS Life Sciences	2.2	76.5%	234.7%
MNPR	Monopar Therapeutics	0.9	73.9%	58.2%
RPD	Rapid7	0.8	65.3%	-21.6%
APGE	Apogee Therapeutics	9.3	61.8%	77.3%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
FAC	Factorial Energy	0.6	-72.7%	42.3%
HTZ	Hertz Global	0.6	-63.3%	-64.4%
ABTC	American Bitcoin	5.4	-57.0%	-79.3%
HYLN	Hyliion	0.7	-44.4%	109.2%
LUNR	Intuitive Machines	1.8	-42.9%	-6.7%
AXTI	AXT	2.7	-40.8%	208.6%
NVTS	Navitas Semiconductor	3.0	-37.2%	80.3%
AAOI	Applied Optoelectronics	8.5	-36.1%	220.9%
RDW	Redwire	1.9	-35.5%	26.2%
ORCL	Oracle	378.2	-34.4%	-31.9%

Peer Comparisons

Peers to compare with:

Profile

	FXN	VGT	XLK	XLF	XLV	XLE	Median
Name	First Trus.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
Asset Class	Equity	Equity	Equity	Equity	Equity	Equity	-
AUM ($ Bil)	0.4	170.1	120.6	54.1	41.6	36.3	47.9
Expense Ratio	0.63%	0.09%	0.08%	0.08%	0.08%	0.08%	0.08%
10-D Avg Volume (Mil)	1.89	4.97	12.66	35.63	10.14	39.39	11.40
Latest Day Volume (Mil)	0.33	5.04	8.69	31.61	15.64	24.70	12.17
Holdings Count	41	310	74	76	60	21	67
Inception Date	5/7/2007	1/26/2004	12/16/1998	12/16/1998	12/16/1998	12/16/1998	-

Fundamentals

	FXN	VGT	XLK	XLF	XLV	XLE	Median
Name	First Trus.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
Net Asset Value	20.15	118.06	185.34	55.54	162.20	54.81	-
Premium/Discount	4.6%	-2.1%	-2.2%	1.0%	-0.5%	3.5%	0.2%
Distribution Yield	1.7%	0.4%	0.4%	1.4%	1.6%	2.7%	1.5%
Sales Yield	61.1%	14.0%	11.1%	28.5%	61.6%	60.3%	44.4%
Earnings Yield	6.3%	2.7%	2.5%	5.8%	3.3%	5.0%	4.1%

Valuation

	FXN	VGT	XLK	XLF	XLV	XLE	Median
Name	First Trus.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
P/S (TTM)	1.6x	7.1x	9.0x	3.5x	1.6x	1.7x	2.6x
P/E (TTM)	15.9x	37.0x	40.5x	17.2x	30.0x	20.2x	25.1x
P/FCF (TTM)	16.0x	46.7x	44.5x	35.9x	24.3x	23.8x	30.1x
Forward P/E	10.7x	20.9x	21.8x	15.3x	18.1x	13.1x	16.7x
Forward P/S	1.5x	5.5x	6.7x	3.3x	1.5x	1.5x	2.4x

Risk

	FXN	VGT	XLK	XLF	XLV	XLE	Median
Name	First Trus.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
Volatility (1Y)	23.4%	23.3%	24.4%	14.8%	15.7%	21.0%	22.2%
Volatility (3Y)	25.5%	24.2%	24.6%	16.1%	14.3%	21.7%	23.0%
Volatility (5Y)	28.9%	25.6%	25.5%	18.6%	14.9%	26.0%	25.6%
Beta (1Y)	0.04	1.65	1.67	0.66	0.37	-0.19	0.51
Beta (3Y)	0.75	1.48	1.48	0.79	0.47	0.49	0.77
Beta (5Y)	0.83	1.40	1.38	0.87	0.55	0.61	0.85
Sharpe Ratio (1Y)	1.36	1.49	1.55	0.57	1.23	1.39	1.37
Sharpe Ratio (3Y)	0.63	1.17	1.16	1.23	0.67	0.80	0.98
Sharpe Ratio (5Y)	0.64	0.80	0.85	0.63	0.48	0.83	0.72
Max Drawdown (1Y)	-13.7%	-16.4%	-15.9%	-14.8%	-10.5%	-15.6%	-15.2%
Max Drawdown (3Y)	-31.7%	-27.2%	-25.7%	-15.5%	-17.1%	-20.1%	-22.9%
Max Drawdown (5Y)	-31.7%	-35.1%	-33.6%	-25.8%	-17.1%	-26.0%	-28.9%

Returns

	FXN	VGT	XLK	XLF	XLV	XLE	Median
Name	First Trus.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
1M Return	-2.5%	3.0%	2.6%	7.4%	5.6%	-2.6%	2.8%
3M Return	-0.9%	24.5%	27.1%	10.4%	9.6%	-0.4%	10.0%
6M Return	25.3%	22.8%	25.8%	0.8%	2.5%	22.7%	22.7%
YTD Return	28.5%	22.9%	26.1%	2.9%	4.7%	27.7%	24.5%
1Y Return	33.8%	37.7%	41.7%	7.6%	19.9%	30.9%	32.4%
2Y Return	23.3%	55.6%	56.3%	39.0%	15.3%	34.0%	36.5%
3Y Return	46.9%	115.2%	114.8%	74.7%	29.5%	56.8%	65.8%

Short Interest

Short Interest: As Of Date	6302026
Short Interest: Shares Quantity	0.1 Mil
Short Interest: % Change Since 6152026	-29.6%
Average Daily Volume	7.6 Mil
Days-to-Cover Short Interest	1

External Quote Links

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1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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First Trust Energy AlphaDEX Fund (FXN)

Market Price (7/14/2026): $21.17

First Trust Energy AlphaDEX Fund (FXN)

Market Price (7/14/2026): $21.17

Key Takeaways

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Top 20 Holdings for FXN

Performance for FXN Top Holdings

Guidance Updates for FXN Top Holdings

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How Low Can It Go

In The Past

Preserve Wealth

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In The Past

Preserve Wealth

Asset Allocation

FXN Dip Buy History

Current Dip Buy Opportunities Across ETFs

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Asset allocation rotation · Past week

Asset allocation rotation · Past month

Asset allocation rotation · Past 3 months

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