Tearsheet

First Trust Energy AlphaDEX Fund (FXN)

Market Price (7/15/2026): $21.135

First Trust Energy AlphaDEX Fund (FXN)

Market Price (7/15/2026): $21.135

Key Takeaways

FXN has returned +28.7% YTD vs +10.6% for SPY; +35.6% over the past 12 months (SPY +21.4%). details →
Priced in gold, FXN has returned -30.4% over the past 3 years, vs +42.3% in dollars — its dollar gains have lagged gold. details →
Over the past month, FXN has seen net outflows of −$327M (−65.3% 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: -4% vs +16%. details →

Last updated: 7/14/2026.

Price Chart

ETF Price
Price/Gold

Asset Allocation with FXN

Risk Tolerance:

ConservativeModerateAggressive

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

10Y Return (ann.)

+7.7%

Volatility

22.1%

Sharpe

0.32

YTD

+16.6%

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%	0.2%	2.6%	-1.1%	28.7%
Bond	BND	50.0%	0.3%	-0.2%	-0.5%	0.1%
Gold	GLD	10.0%	1.4%	-1.4%	-3.7%	-6.1%
Commodity	DBC	2.5%	1.1%	4.7%	-0.8%	28.0%
Real Estate	VNQ	5.0%	-0.3%	-0.8%	0.8%	12.4%
Bitcoin	BTCUSD	0.0%	0.3%	-1.4%	-1.8%	-28.7%
Cash	GOVT	7.5%	0.2%	-0.1%	-0.7%	-0.5%
Conservative Portfolio		100.0%	0.4%	0.5%	-0.9%	7.9%

	ETF	%	1D	1W	1M	YTD
Equity	FXN	55.0%	0.2%	2.6%	-1.1%	28.7%
Bond	BND	25.0%	0.3%	-0.2%	-0.5%	0.1%
Gold	GLD	7.0%	1.4%	-1.4%	-3.7%	-6.1%
Commodity	DBC	4.0%	1.1%	4.7%	-0.8%	28.0%
Real Estate	VNQ	5.0%	-0.3%	-0.8%	0.8%	12.4%
Bitcoin	BTCUSD	2.0%	0.3%	-1.4%	-1.8%	-28.7%
Cash	GOVT	2.0%	0.2%	-0.1%	-0.7%	-0.5%
Moderate Portfolio		100.0%	0.3%	1.4%	-1.0%	16.6%

	ETF	%	1D	1W	1M	YTD
Equity	FXN	80.0%	0.2%	2.6%	-1.1%	28.7%
Bond	BND	5.0%	0.3%	-0.2%	-0.5%	0.1%
Gold	GLD	3.0%	1.4%	-1.4%	-3.7%	-6.1%
Commodity	DBC	2.2%	1.1%	4.7%	-0.8%	28.0%
Real Estate	VNQ	4.5%	-0.3%	-0.8%	0.8%	12.4%
Bitcoin	BTCUSD	5.2%	0.3%	-1.4%	-1.8%	-28.7%
Cash	GOVT	0.0%	0.2%	-0.1%	-0.7%	-0.5%
Aggressive Portfolio		100.0%	0.3%	2.0%	-1.1%	22.5%

	ETF	%	Return	Volatility	Sharpe
Equity	FXN	25.0%	5.7%	37.7%	0.24
Bond	BND	50.0%	1.4%	5.1%	-0.23
Gold	GLD	10.0%	11.2%	15.0%	0.60
Commodity	DBC	2.5%	6.3%	17.7%	0.23
Real Estate	VNQ	5.0%	5.0%	17.7%	0.23
Bitcoin	BTCUSD	0.0%	57.2%	76.3%	0.90
Cash	GOVT	7.5%	0.4%	4.9%	-0.46
Conservative Portfolio		100.0%	5.0%	11.0%	0.25

	ETF	%	Return	Volatility	Sharpe
Equity	FXN	55.0%	5.7%	37.7%	0.24
Bond	BND	25.0%	1.4%	5.1%	-0.23
Gold	GLD	7.0%	11.2%	15.0%	0.60
Commodity	DBC	4.0%	6.3%	17.7%	0.23
Real Estate	VNQ	5.0%	5.0%	17.7%	0.23
Bitcoin	BTCUSD	2.0%	57.2%	76.3%	0.90
Cash	GOVT	2.0%	0.4%	4.9%	-0.46
Moderate Portfolio		100.0%	7.7%	22.1%	0.32

	ETF	%	Return	Volatility	Sharpe
Equity	FXN	80.0%	5.7%	37.7%	0.24
Bond	BND	5.0%	1.4%	5.1%	-0.23
Gold	GLD	3.0%	11.2%	15.0%	0.60
Commodity	DBC	2.2%	6.3%	17.7%	0.23
Real Estate	VNQ	4.5%	5.0%	17.7%	0.23
Bitcoin	BTCUSD	5.2%	57.2%	76.3%	0.90
Cash	GOVT	0.0%	0.4%	4.9%	-0.46
Aggressive Portfolio		100.0%	9.7%	31.8%	0.36

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	7/15/26	2025	2024	2023	2022	2021
Share Price CYE		$21.12	$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	1.41	1.56	1.31	1.36	1.31	1.16	1.17
P/E		15.12	13.38	15.49	8.25	6.44	13.60
P/E (Non-GAAP) [2]	10.28	11.94	13.32	13.75	9.53	11.41	17.07
P/FCF		14.73	13.76	19.61	12.92	7.65	9.52
Yields TTM
Earnings Yield	9.73%	6.61%	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)	11.13%	8.02%	10.02%	9.03%	15.37%	18.02%	8.33%
Risk Premium [3]
Risk Free Rate (Rf)	4.62%	4.62%	4.18%	4.58%	3.88%	3.88%	1.52%
Risk Prem. (TY - Rf)	6.51%	3.40%	5.84%	4.45%	11.49%	14.14%	6.81%
Growth Rates [6]
Sales Growth	-1.8%	2.5%	3.1%	-0.8%	-17.3%	55.3%
Earnings Growth [7]	-4.5%	12.1%	13.7%	-40.7%	-30.1%	266.4%

[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 6.61%, based on its 15.1x trailing P/E. With a 1.41% dividend yield, FXN is yielding 8.02% in total.

RISK

Compared to US Treasuries at 4.62%, FXN's total yield implies a healthy 3.40% risk premium. Healthy risk premiums suggest reasonable valuations.

FORWARD EXPECTATIONS

Based on analyst estimates, FXN's forward total yield is 11.13%, implying a 6.51% 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		99.12%	100.00%	100.00%	1.4	10.3	-1.8%	-4.5%
Top 20		72.49%	78.94%	85.94%	1.3	9.0	-2.7%	-6.2%
DINO	HF Sinclair	5.23%	15.19%	6.51%	0.5	7.9	-8.7%	-26.3%
APA	APA	4.79%	5.33%	9.12%	1.4	6.9	-10.7%	-27.2%
DVN	Devon Energy	4.77%	4.66%	6.14%	1.1	8.3	+13.5%	+7.0%
EXE	Expand Energy	4.46%	4.81%	10.38%	1.5	9.6	-2.4%	+8.8%
RRC	Range Resources	4.45%	2.63%	7.12%	2.4	8.5	+5.3%	+6.5%
AR	Antero Resources	4.41%	3.64%	6.14%	1.6	7.2	-0.1%	-7.5%
EQT	EQT	4.29%	2.08%	6.86%	3.3	11.4	-0.4%	-5.7%
OVV	Ovintiv	3.45%	3.26%	2.67%	1.6	7.1	-4.8%	-5.4%
COP	ConocoPhillips	3.43%	2.30%	2.78%	2.1	12.6	-7.0%	-11.9%
PR	Permian Resources	3.40%	1.71%	2.10%	2.5	10.0	+5.0%	+31.3%
WFRD	Weatherford International	3.38%	4.41%	4.03%	1.2	12.0	+9.6%	+23.6%
EOG	EOG Resources	3.38%	1.71%	3.84%	2.6	8.8	-6.1%	-17.8%
MTDR	Matador Resources	3.37%	2.95%	3.81%	1.5	6.2	+12.8%	+20.4%
CHRD	Chord Energy	3.35%	4.08%	—	1.3	7.2	-11.1%	-24.5%
FSLR	First Solar	3.15%	1.14%	3.37%	4.2	10.5	+16.5%	+35.7%
PSX	Phillips 66	2.73%	7.15%	2.11%	0.5	10.3	-5.8%	-4.6%
OXY	Occidental Petroleum	2.67%	1.56%	3.55%	2.2	11.4	-5.6%	-31.2%
VLO	Valero Energy	2.64%	5.79%	1.88%	0.7	11.6	-6.4%	-27.0%
CVX	Chevron	2.61%	2.13%	1.21%	1.7	13.6	-8.9%	-14.9%
OKE	ONEOK	2.53%	2.43%	2.34%	1.5	15.3	-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 7/14	1D Rtn	1M Rtn	YTD Rtn	1Y Rtn	3Y Rtn	5Y Rtn	10Y Rtn
FXN	First Trust Energy AlphaDEX Fund	100.00%	21.12	0.2%	-1.9%	28.7%	35.6%	42.3%	127.0%	77.4%
DINO	HF Sinclair	5.23%	83.11	1.7%	16.6%	83.4%	95.0%	103.3%	230.8%	385.7%
APA	APA	4.79%	34.53	-0.4%	-6.7%	43.5%	84.7%	5.6%	116.3%
DVN	Devon Energy	4.77%	43.40	-0.8%	-3.5%	19.9%	34.1%	-1.8%	108.5%	62.9%
EXE	Expand Energy	4.46%	87.81	0.8%	-1.1%	-19.5%	-17.3%	17.9%	118.6%
RRC	Range Resources	4.45%	36.46	0.6%	-5.5%	3.9%	-6.4%	32.5%	145.3%	-9.7%
AR	Antero Resources	4.41%	33.92	-1.1%	-2.6%	-1.6%	-8.7%	50.2%	141.3%	28.6%
EQT	EQT	4.29%	49.81	0.2%	-4.1%	-6.5%	-13.5%	36.0%	167.1%	33.0%
OVV	Ovintiv	3.45%	56.31	-0.4%	-1.5%	45.2%	38.8%	59.7%	130.0%	75.5%
COP	ConocoPhillips	3.43%	111.87	-0.9%	-4.4%	21.3%	22.7%	14.6%	138.5%	261.1%
PR	Permian Resources	3.40%	19.59	-0.2%	1.3%	42.0%	46.4%	106.4%	288.9%	129.4%
WFRD	Weatherford International	3.38%	82.01	1.1%	-19.1%	5.3%	49.1%	11.2%	401.3%	1,300.6%
EOG	EOG Resources	3.38%	138.01	-1.1%	1.0%	33.7%	16.6%	28.1%	127.7%	124.9%
MTDR	Matador Resources	3.37%	52.48	-1.2%	-2.9%	25.4%	4.4%	7.2%	74.1%	157.7%
CHRD	Chord Energy	3.35%	121.99	-0.3%	-9.9%	34.1%	19.7%	-3.3%	109.6%
FSLR	First Solar	3.15%	220.58	-0.2%	-17.5%	-15.6%	37.1%	15.3%	157.7%	362.1%
PSX	Phillips 66	2.73%	201.45	1.6%	12.3%	58.5%	61.5%	122.3%	215.3%	287.9%
OXY	Occidental Petroleum	2.67%	54.57	-0.4%	-3.5%	34.0%	23.6%	-3.1%	114.5%	-6.8%
VLO	Valero Energy	2.64%	301.43	1.9%	16.5%	87.2%	107.7%	189.6%	432.3%	791.9%
CVX	Chevron	2.61%	181.76	-0.2%	-2.9%	21.5%	24.9%	34.3%	120.3%	159.4%
OKE	ONEOK	2.53%	91.90	-0.3%	1.4%	28.3%	18.9%	68.3%	122.3%	249.9%

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%	28%	200%
Peers Return	36%	-1%	24%	18%	17%	17%	169%
S&P 500 Return	27%	-19%	24%	23%	16%	10%	100%
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 7/14/2026 (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%	27
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 7/14/2026

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 7/14/2026

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 7/14/2026

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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
AKRE	Akre Focus ETF	-15.1%	54.98	7142026	64.74	1132026	182
VSS	Vanguard FTSE All-World EX-US Small-Cap Index Fund	-5.4%	153.08	7142026	161.79	5112026	64
SCHC	Schwab International Small-Cap Equity ETF	-6.4%	48.24	7142026	51.54	3012026	135
IEMG	iShares Core MSCI Emerging Markets ETF	-7.3%	79.72	7142026	86.00	6222026	22
EEM	iShares MSCI Emerging Markets ETF	-7.8%	65.67	7142026	71.21	6222026	22
EWY	iShares MSCI South Korea ETF	-19.3%	176.98	7142026	219.20	6212026	23
EWZ	iShares MSCI Brazil ETF	-13.7%	36.03	7142026	41.73	4142026	91
FXI	iShares China Large-Cap ETF	-17.2%	33.77	7142026	40.78	1292026	166
ILF	iShares Latin America 40 ETF	-8.9%	34.71	7142026	38.10	4142026	91
KWEB	KraneShares CSI China Internet ETF	-29.1%	26.18	7142026	36.92	1132026	182
MTUM	iShares MSCI USA Momentum Factor ETF	-7.4%	319.76	7142026	345.22	6222026	22
SPMO	Invesco S&P 500 Momentum ETF	-5.4%	152.86	7142026	161.66	6222026	22
URA	Global X Uranium ETF	-32.8%	41.55	7142026	61.81	1282026	167
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-13.8%	35.88	7142026	41.63	5132026	62
ROBO	ROBO Global Robotics & Automation Index ETF	-10.6%	80.78	7142026	90.34	6022026	42
LIT	Global X Lithium & Battery Tech ETF	-21.9%	71.58	7142026	91.62	5112026	64
ICLN	iShares Global Clean Energy ETF	-19.7%	19.07	7142026	23.75	6022026	42
ARKQ	ARK Autonomous Technology & Robotics ETF	-15.0%	122.28	7142026	143.82	5282026	47
ARKX	ARK Space & Defense Innovation ETF	-15.9%	31.74	7142026	37.74	5282026	47
NASA	Tema Space Innovators ETF	-39.8%	25.21	7142026	41.89	5272026	48
AGIX	KraneShares Artificial Intelligence ETF	-9.7%	44.60	7142026	49.40	6012026	43
GDE	WisdomTree Efficient Gold Plus Equity Strategy Fund	-11.8%	62.06	7142026	70.39	5112026	64
RAAX	VanEck Real Assets ETF	-6.7%	39.85	7142026	42.70	5112026	64
VGT	Vanguard Information Technology ETF	-6.8%	117.11	7142026	125.62	6022026	42
XLK	State Street Technology Select Sector SPDR ETF	-7.4%	183.62	7142026	198.21	6022026	42
XLE	State Street Energy Select Sector SPDR ETF	-9.0%	56.95	7142026	62.56	3292026	107
XLC	State Street Communication Services Select Sector SPDR ETF	-6.9%	111.45	7142026	119.70	2012026	163
XLY	State Street Consumer Discretionary Select Sector SPDR ETF	-6.5%	115.90	7142026	123.96	1132026	182
XLP	State Street Consumer Staples Select Sector SPDR ETF	-6.8%	83.42	7142026	89.51	3012026	135
XLB	State Street Materials Select Sector SPDR ETF	-5.1%	50.64	7142026	53.38	2112026	153
IYM	iShares U.S. Basic Materials ETF	-6.0%	177.79	7142026	189.08	3022026	134
FXN	First Trust Energy AlphaDEX Fund	-8.9%	21.12	7142026	23.18	3292026	107
SMH	VanEck Semiconductor ETF	-10.3%	600.31	7142026	668.91	6222026	22
SOXX	iShares Semiconductor ETF	-13.3%	567.92	7142026	655.01	6222026	22
XBI	State Street SPDR S&P Biotech ETF	-5.4%	155.45	7142026	164.28	7092026	5
ITA	iShares U.S. Aerospace & Defense ETF	-6.2%	235.27	7142026	250.78	7062026	8
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	-11.9%	165.85	7142026	188.18	3292026	107
IGV	iShares Expanded Tech-Software Sector ETF	-13.1%	93.63	7142026	107.70	6012026	43
MISL	First Trust Indxx Aerospace & Defense ETF	-14.3%	43.71	7142026	50.98	1192026	176
RING	iShares MSCI Global Gold Miners ETF	-35.3%	64.29	7142026	99.42	3012026	135
SOXQ	Invesco PHLX Semiconductor ETF	-13.4%	99.65	7142026	115.11	6222026	22
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	-5.7%	21.59	7142026	22.90	2162026	148
IGOV	iShares International Treasury Bond ETF	-5.1%	40.79	7142026	42.99	3012026	135
TLT	iShares 20+ Year Treasury Bond ETF	-6.0%	84.08	7142026	89.48	3012026	135
VGLT	Vanguard Long-Term Treasury ETF	-5.1%	53.84	7142026	56.76	3012026	135
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-5.5%	25.61	7142026	27.09	3012026	135
TLH	iShares 10-20 Year Treasury Bond ETF	-5.1%	98.21	7142026	103.45	3012026	135
EDV	Vanguard World Funds Extended Duration ETF	-8.4%	61.75	7142026	67.42	3012026	135
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	-9.7%	17.08	7142026	18.91	5122026	63
DBC	Invesco DB Commodity Index Tracking Fund	-9.7%	28.63	7142026	31.69	5122026	63
COMT	iShares GSCI Commodity Dynamic Roll Strategy ETF	-11.4%	32.35	7142026	36.53	5192026	56
GSG	iShares GSCI Commodity	-5.8%	30.01	7142026	31.85	3182026	118
BCI	abrdn Bloomberg All Commodity Strategy K-1 Free ETF	-8.9%	23.60	7142026	25.91	5122026	63
FTGC	First Trust Global Tactical Commodity Strategy Fund	-6.3%	28.62	7142026	30.53	5122026	63
HGER	Harbor Commodity All-Weather Strategy ETF	-5.6%	31.58	7142026	33.47	5122026	63
GLD	SPDR Gold Trust	-25.0%	372.15	7142026	495.90	1292026	166
IAU	iShares Gold Trust	-24.9%	76.27	7142026	101.57	1292026	166
GLDM	SPDR Gold MiniShares Trust	-24.8%	80.25	7142026	106.77	1292026	166
SGOL	ETFS Physical Swiss Gold Shares	-13.1%	44.66	7142026	51.41	1292026	166
BAR	Direxion Daily Gold Bull 3X Shares	-16.6%	44.34	7142026	53.16	1292026	166
SLV	iShares Silver Trust	-49.6%	53.17	7142026	105.60	1282026	167
SIVR	ETFS Physical Silver Shares Trust ETF	-24.8%	83.39	7142026	110.87	1282026	167
PPLT	ETFS Physical Platinum Shares	-41.4%	14.78	7142026	25.23	1252026	170
CPER	United States Copper Index Fund ETV	-13.9%	33.33	7142026	38.71	1292026	166
PALL	ETFS Physical Palladium Shares	-36.3%	23.70	7142026	37.18	1282026	167
USO	United States Oil Fund LP	-21.4%	120.17	7142026	152.96	5192026	56
UNG	United States Natural Gas Fund LP	-37.8%	10.52	7142026	16.90	2012026	163
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	7142026	60.13	5042026	71
IBIT	iShares Bitcoin Trust ETF	-34.0%	36.58	7142026	55.44	1142026	181
FBTC	Fidelity Wise Origin Bitcoin Fund	-34.0%	56.22	7142026	85.12	1142026	181
GBTC	Grayscale Bitcoin Trust ETF	-19.0%	61.84	7142026	76.31	1142026	181
ETHA	iShares Ethereum Trust ETF	-44.6%	14.18	7142026	25.59	1142026	181

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 (+$10.0B), followed by Bond (+$3.6B), while Crypto (−$613M) and Commodity (−$263M) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$4.1B) and out of High Yield Corporate (−$862M).
Relative to fund size, IXC drew the largest inflow (+17.8% of AUM) and PSC the largest outflow (−18.1%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$3.79B	+0.5%
2	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$2.7B	+0.3%
3	DRAM	Roundhill Memory ETF	Other	+$1.54B	+6.5%
4	EFV	iShares MSCI EAFE Value ETF	Equity International Developed Broad	+$1.4B	+5.3%
5	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$1.2B	+2.8%
6	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$1.11B	+1.1%
7	VXUS	Vanguard Total International Stock ETF	Equity International Broad	+$1.08B	+0.7%
8	VEU	Vanguard FTSE All-World ex-US ETF	Equity International Broad	+$908M	+1.4%
9	IWM	iShares Russell 2000 ETF	Equity US Small Cap Core	+$840M	+1.0%
10	VWO	Vanguard FTSE Emerging Markets ETF	Equity Emerging Markets	+$827M	+0.7%

#	Ticker	Name	Type	Net flow	% of AUM
1	IXC	iShares Global Energy ETF	Other	+$421M	+17.8%
2	IHE	iShares U.S. Pharmaceuticals ETF	Other	+$184M	+13.2%
3	JTEK	JPMorgan U.S. Tech Leaders ETF	Other	+$457M	+10.3%
4	USCL	iShares Climate Conscious & Transition MSCI USA ETF	Other	+$264M	+9.4%
5	DFGP	Dimensional - Global Core Plus Fixed Income ETF	Other	+$284M	+9.3%
6	DFAL		Other	+$88M	+7.9%
7	USCA	Xtrackers MSCI USA Climate Action Equity ETF	Other	+$265M	+7.7%
8	APCB	ActivePassive Core Bond ETF	Other	+$73M	+7.3%
9	DRAM	Roundhill Memory ETF	Other	+$1.54B	+6.5%
10	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$66M	+6.0%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$3.28B	-0.4%
2	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	-$1.02B	-6.2%
3	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	-$735M	-0.2%
4	RSP	Invesco S&P 500 Equal Weight ETF	Equity Factor Smart Beta	-$585M	-0.6%
5	KRE	State Street SPDR S&P Regional Banking ETF	Equity Industry Subsector	-$501M	-10.4%
6	VUG	Vanguard Growth ETF	Equity US Large Growth	-$490M	-0.2%
7	IQMM	ProShares - GENIUS Money Market ETF	Other	-$480M	-2.4%
8	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	-$419M	-0.9%
9	PSC	Principal U.S. Small-Cap Multi-Factor ETF	Other	-$419M	-18.1%
10	XLF	State Street Financial Select Sector SPDR ETF	Equity Broad Sector	-$406M	-0.8%

#	Ticker	Name	Type	Net flow	% of AUM
1	PSC	Principal U.S. Small-Cap Multi-Factor ETF	Other	-$419M	-18.1%
2	LCTU	iShares U.S. Carbon Transition Readiness Aware Active ETF	Other	-$260M	-17.4%
3	KLMN		Other	-$369M	-13.7%
4	ITB	iShares U.S. Home Construction ETF	Other	-$263M	-10.8%
5	KRE	State Street SPDR S&P Regional Banking ETF	Equity Industry Subsector	-$501M	-10.4%
6	XHB	State Street SPDR S&P Homebuilders ETF	Other	-$191M	-10.1%
7	EWG	iShares MSCI Germany ETF	Other	-$137M	-9.0%
8	QLTA	iShares Aaa - A Rated Corporate Bond ETF	Other	-$113M	-8.6%
9	CERY	State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF	Other	-$81M	-8.0%
10	EWA	iShares MSCI Australia ETF	Other	-$96M	-7.2%

Asset allocation rotation · Past month

Equity ETFs drew the largest net inflows (+$94.1B), followed by Bond (+$27.8B), while Crypto (−$3.2B) and Commodity (−$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 (+50.4% 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	+50.4% ⚠
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 (+$219.6B), followed by Bond (+$70.6B), while Commodity (−$9.3B) and Crypto (−$6.9B) 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	+107.6% ⚠
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	TSPA	T. Rowe Price U.S. Equity Research ETF	Other	+$1.57B	+46.0%
8	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$5.15B	+40.2%
9	FTLS	First Trust Long/Short Equity ETF	Equity Asset Allocation	+$897M	+38.4%
10	AVIV	Avantis International Large Cap Value ETF	Equity International Developed Broad	+$664M	+37.8%

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 ~2561 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
SHLS	Shoals Technologies	1.8	14.5%	26.6%
AXTI	AXT	3.1	14.1%	252.1%
ATAI	AtaiBeckley	2.0	14.1%	38.6%
SEZL	Sezzle	6.2	13.8%	187.3%
NB	NioCorp Developments	0.6	12.8%	-8.5%
CRWD	CrowdStrike	53.5	12.1%	79.8%
AAOI	Applied Optoelectronics	9.5	12.1%	259.9%
FCEL	FuelCell Energy	1.2	11.9%	192.1%
BMNR	BitMine Immersion Technologies	7.4	11.5%	-40.0%
NTSK	Netskope	5.7	11.5%	-18.6%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
IBM	International Business Machines	203.7	-25.2%	-25.8%
FBYD	Falcons Beyond Global	0.5	-18.0%	-28.6%
LCID	Lucid	1.5	-16.2%	-56.3%
DNLI	Denali Therapeutics	4.2	-14.5%	37.2%
SG	Sweetgreen	0.8	-14.3%	4.9%
OI	O-I Glass	1.3	-12.0%	-42.8%
ANAB	AnaptysBio	1.8	-10.5%	28.9%
PRCT	PROCEPT BioRobotics	1.1	-9.0%	-38.6%
GSHD	Goosehead Insurance	1.2	-8.3%	-31.7%
BIIB	Biogen	28.3	-8.2%	9.1%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TRAX	First Tracks Biotherapeutics	1.2	73.8%	84.8%
PBF	PBF Energy	7.1	25.7%	127.8%
PENG	Penguin Solutions	4.1	24.1%	297.8%
CNMD	Conmed	1.3	21.9%	2.8%
LASR	nLight	3.9	21.1%	90.6%
TXG	10x Genomics	5.9	21.0%	180.7%
PARR	Par Pacific	3.6	19.7%	109.3%
FTK	Flotek Industries	1.0	19.5%	55.4%
BZH	Beazer Homes USA	0.9	18.8%	60.7%
NTSK	Netskope	5.7	18.4%	-18.6%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
FBYD	Falcons Beyond Global	0.5	-42.9%	-28.6%
FAC	Factorial Energy	0.7	-37.6%	44.2%
IONS	Ionis Pharmaceuticals	9.1	-36.4%	-30.6%
RXT	Rackspace Technology	1.1	-31.2%	378.9%
IBM	International Business Machines	203.7	-29.1%	-25.8%
AIAI	AIAI	0.7	-25.5%	-37.4%
NTLA	Intellia Therapeutics	1.6	-23.7%	47.9%
LCID	Lucid	1.5	-22.9%	-56.3%
STUB	Stubhub	3.8	-21.1%	-21.1%
TARS	Tarsus Pharmaceuticals	2.4	-20.5%	-31.5%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
CRNX	Crinetics Pharmaceuticals	8.7	149.7%	79.8%
BLZE	Backblaze	1.0	116.3%	255.2%
TRAX	First Tracks Biotherapeutics	1.2	101.8%	84.8%
RGNX	Regenxbio	0.6	95.7%	-14.7%
DFTX	Definium Therapeutics, Inc.	5.0	90.7%	240.3%
RPD	Rapid7	0.9	81.9%	-14.7%
SLS	SELLAS Life Sciences	2.3	72.8%	255.2%
MNPR	Monopar Therapeutics	0.9	68.9%	52.8%
NTSK	Netskope	5.7	63.8%	-18.6%
ZBIO	Zenas BioPharma	1.6	62.0%	-20.7%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
FAC	Factorial Energy	0.7	-64.8%	44.2%
HTZ	Hertz Global	0.6	-63.5%	-64.2%
ABTC	American Bitcoin	5.5	-56.8%	-78.8%
LUNR	Intuitive Machines	1.8	-51.3%	-8.1%
HYLN	Hyliion	0.7	-45.5%	122.3%
FLY	Firefly Aerospace	3.4	-45.3%	-3.7%
RDW	Redwire	1.9	-43.0%	28.2%
SATL	Satellogic	0.6	-42.7%	130.5%
NVTS	Navitas Semiconductor	3.0	-41.1%	83.3%
AIAI	AIAI	0.7	-37.8%	-37.4%

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)	1.86	4.97	12.66	35.63	10.14	39.39	11.40
Latest Day Volume (Mil)	0.44	6.20	8.58	33.23	6.87	41.11	7.73
Holdings Count	41	310	74	76	60	21	67
Inception Date	5/8/2007	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	20.62	118.06	185.34	55.54	162.20	54.81	-
Premium/Discount	2.4%	-0.8%	-0.9%	1.2%	-2.4%	3.9%	0.2%
Distribution Yield	1.7%	0.4%	0.4%	1.4%	1.6%	2.7%	1.5%
Sales Yield	64.0%	14.1%	11.2%	28.6%	62.2%	59.9%	44.3%
Earnings Yield	6.6%	2.7%	2.5%	5.8%	3.4%	4.9%	4.2%

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)	15.1x	37.0x	40.3x	17.2x	29.3x	20.2x	24.8x
P/FCF (TTM)	14.7x	46.4x	44.3x	35.1x	23.8x	23.8x	29.5x
Forward P/E	10.3x	21.1x	22.1x	15.3x	17.8x	13.2x	16.5x
Forward P/S	1.4x	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%	23.4%	24.4%	14.7%	15.8%	21.0%	22.2%
Volatility (3Y)	25.4%	24.3%	24.6%	16.1%	14.3%	21.6%	22.9%
Volatility (5Y)	28.9%	25.6%	25.5%	18.6%	14.9%	25.9%	25.6%
Beta (1Y)	0.04	1.65	1.68	0.66	0.36	-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)	1.34	1.57	1.62	0.66	1.15	1.38	1.36
Sharpe Ratio (3Y)	0.60	1.20	1.18	1.23	0.65	0.77	0.98
Sharpe Ratio (5Y)	0.66	0.81	0.85	0.65	0.46	0.86	0.73
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	-1.1%	1.0%	0.2%	6.8%	2.7%	-0.3%	0.6%
3M Return	-0.6%	23.7%	26.1%	8.7%	7.0%	-0.3%	7.9%
6M Return	26.4%	23.2%	25.8%	1.3%	1.0%	22.8%	23.0%
YTD Return	28.7%	24.6%	27.7%	3.1%	2.7%	28.2%	26.1%
1Y Return	33.2%	40.4%	44.1%	9.0%	18.6%	30.8%	32.0%
2Y Return	24.6%	58.0%	58.5%	38.2%	12.5%	35.7%	37.0%
3Y Return	43.8%	118.8%	118.5%	74.8%	28.5%	54.1%	64.4%

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 (7/15/2026): $21.135

First Trust Energy AlphaDEX Fund (FXN)

Market Price (7/15/2026): $21.135

Key Takeaways

Price Chart

Asset Allocation with FXN

Valuation & Yield

Top 20 Holdings for FXN

Performance for FXN Top Holdings

Guidance Updates for FXN Top Holdings

Return vs. Risk

Price Returns Compared

Sharpe Ratios Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

FXN Dip Buy History

Current Dip Buy Opportunities Across ETFs

ETF Fund Flows

Asset allocation rotation · Past week

Asset allocation rotation · Past month

Asset allocation rotation · Past 3 months

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Trade & Investment Ideas

Wealth

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Inform Me Once

About FXN

Latest Trefis Analyses

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Top Gainers

Top Losers

Top Gainers

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