First Trust Energy AlphaDEX Fund (FXN)

Market Price (8/2/2026): $22.105

First Trust Energy AlphaDEX Fund (FXN)

Market Price (8/2/2026): $22.105

Key Takeaways

FXN has returned +34.7% YTD vs +9.8% for SPY; +46.5% over the past 12 months (SPY +21.2%). details →
Priced in gold, FXN has returned -33.1% over the past 3 years, vs +39.2% in dollars — its dollar gains have lagged gold. details →
Over the past month, FXN has seen net outflows of −$55M (−14.4% of assets). details →
Analysts expect -2% revenue growth across FXN's holdings (next fiscal year) vs +13% for SPY; expected earnings growth: -7% vs +20%. details →
Risk-adjusted returns trail SPY: 3-year Sharpe ratio of 0.4 vs 0.9. details →

Last updated: 8/1/2026.

Price Chart

ETF Price
Price/Gold

Asset Allocation with FXN

Risk Tolerance:

ConservativeModerateAggressive

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

10Y Return (ann.)

+8.5%

Volatility

22.1%

Sharpe

0.35

YTD

+19.9%

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%	1.5%	0.3%	10.5%	34.7%
Bond	BND	50.0%	-0.3%	-0.1%	-1.1%	-0.5%
Gold	GLD	10.0%	-1.5%	-0.1%	0.3%	-6.3%
Commodity	DBC	2.5%	0.4%	-2.2%	11.3%	31.7%
Real Estate	VNQ	5.0%	-0.5%	-1.8%	2.2%	14.0%
Bitcoin	BTCUSD	0.0%	-3.0%	-2.0%	4.7%	-28.2%
Cash	GOVT	7.5%	-0.2%	-0.1%	-0.9%	-1.0%
Conservative Portfolio		100.0%	0.1%	-0.1%	2.4%	9.2%

	ETF	%	1D	1W	1M	YTD
Equity	FXN	55.0%	1.5%	0.3%	10.5%	34.7%
Bond	BND	25.0%	-0.3%	-0.1%	-1.1%	-0.5%
Gold	GLD	7.0%	-1.5%	-0.1%	0.3%	-6.3%
Commodity	DBC	4.0%	0.4%	-2.2%	11.3%	31.7%
Real Estate	VNQ	5.0%	-0.5%	-1.8%	2.2%	14.0%
Bitcoin	BTCUSD	2.0%	-3.0%	-2.0%	4.7%	-28.2%
Cash	GOVT	2.0%	-0.2%	-0.1%	-0.9%	-1.0%
Moderate Portfolio		100.0%	0.6%	-0.1%	6.1%	19.9%

	ETF	%	1D	1W	1M	YTD
Equity	FXN	80.0%	1.5%	0.3%	10.5%	34.7%
Bond	BND	5.0%	-0.3%	-0.1%	-1.1%	-0.5%
Gold	GLD	3.0%	-1.5%	-0.1%	0.3%	-6.3%
Commodity	DBC	2.2%	0.4%	-2.2%	11.3%	31.7%
Real Estate	VNQ	4.5%	-0.5%	-1.8%	2.2%	14.0%
Bitcoin	BTCUSD	5.2%	-3.0%	-2.0%	4.7%	-28.2%
Cash	GOVT	0.0%	-0.2%	-0.1%	-0.9%	-1.0%
Aggressive Portfolio		100.0%	1.0%	0.0%	8.9%	27.4%

	ETF	%	Return	Volatility	Sharpe
Equity	FXN	25.0%	6.6%	37.7%	0.27
Bond	BND	50.0%	1.4%	5.2%	-0.24
Gold	GLD	10.0%	11.3%	15.0%	0.61
Commodity	DBC	2.5%	7.3%	17.2%	0.32
Real Estate	VNQ	5.0%	4.9%	17.6%	0.21
Bitcoin	BTCUSD	0.0%	57.6%	76.3%	0.91
Cash	GOVT	7.5%	0.4%	4.9%	-0.45
Conservative Portfolio		100.0%	5.3%	11.0%	0.28

	ETF	%	Return	Volatility	Sharpe
Equity	FXN	55.0%	6.6%	37.7%	0.27
Bond	BND	25.0%	1.4%	5.2%	-0.24
Gold	GLD	7.0%	11.3%	15.0%	0.61
Commodity	DBC	4.0%	7.3%	17.2%	0.32
Real Estate	VNQ	5.0%	4.9%	17.6%	0.21
Bitcoin	BTCUSD	2.0%	57.6%	76.3%	0.91
Cash	GOVT	2.0%	0.4%	4.9%	-0.45
Moderate Portfolio		100.0%	8.5%	22.1%	0.35

	ETF	%	Return	Volatility	Sharpe
Equity	FXN	80.0%	6.6%	37.7%	0.27
Bond	BND	5.0%	1.4%	5.2%	-0.24
Gold	GLD	3.0%	11.3%	15.0%	0.61
Commodity	DBC	2.2%	7.3%	17.2%	0.32
Real Estate	VNQ	4.5%	4.9%	17.6%	0.21
Bitcoin	BTCUSD	5.2%	57.6%	76.3%	0.91
Cash	GOVT	0.0%	0.4%	4.9%	-0.45
Aggressive Portfolio		100.0%	10.8%	31.8%	0.39

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)
	8/31/27	8/2/26	2025	2024	2023	2022	2021
Share Price CYE		$22.11	$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	—	2.13	1.86	2.11	1.87	1.68	1.76
P/E		17.68	14.92	13.43	9.67	6.61	17.06
P/E (Non-GAAP) [2]	11.61	12.76	14.31	13.91	10.43	12.47	19.28
P/FCF		14.65	13.08	18.17	12.19	9.71	11.97
Yields TTM
Earnings Yield	8.61%	5.66%	6.70%	7.45%	10.34%	15.12%	5.86%
Dividend Yield	1.34%	1.34%	2.54%	2.58%	3.26%	2.48%	0.97%
Total Yield (TY)	9.96%	7.00%	9.24%	10.02%	13.60%	17.60%	6.84%
Risk Premium [3]
Risk Free Rate (Rf)	4.68%	4.68%	4.18%	4.58%	3.88%	3.88%	1.52%
Risk Prem. (TY - Rf)	5.28%	2.32%	5.06%	5.44%	9.72%	13.72%	5.32%
Growth Rates [6]
Sales Growth	-2.3%	4.5%	4.5%	-2.9%	-15.0%	65.9%
Earnings Growth [7]	-7.0%	12.7%	-1.7%	-28.9%	-31.8%	434.6%

[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.
Show more

Highlights

YIELD

FXN's earnings yield is 5.66%, based on its 17.7x trailing P/E. With a 1.34% dividend yield, FXN is yielding 7.00% in total.

RISK

Compared to US Treasuries at 4.68%, FXN's total yield implies a reasonable 2.32% risk premium. Risk premiums at this level suggest valuations are not excessive.

FORWARD EXPECTATIONS

Based on analyst estimates, FXN's forward total yield is 9.96%, implying a 5.28% risk premium assuming stable Treasury rates.

Top 20 Holdings for FXN

Total Weights
Top 5: 24.1% | Top 10: 43.7% | Top 20: 73.3%

Ticker	Holding	ETF Weight	Sales Weight	Earnings Weight	Fwd P/S	Fwd P/E	Fwd Sales Growth	Fwd Earnings Growth
Total		99.16%	100.00%	100.00%	1.5	11.5	-2.3%	-7.0%
Top 20		73.30%	78.38%	84.55%	1.4	10.4	-3.6%	-9.4%
DINO	HF Sinclair	5.54%	16.98%	10.33%	0.5	8.8	-10.5%	-34.6%
APA	APA	4.85%	5.09%	9.00%	1.6	8.8	-9.1%	-32.5%
DVN	Devon Energy	4.76%	4.57%	6.21%	1.1	8.5	+14.7%	+9.4%
RRC	Range Resources	4.58%	2.56%	6.68%	2.6	9.9	+2.8%	-7.0%
AR	Antero Resources	4.38%	3.55%	6.79%	1.7	8.8	+0.2%	+0.7%
EXE	Expand Energy	4.38%	4.31%	8.70%	1.7	10.4	-3.0%	+0.3%
EQT	EQT	4.35%	1.99%	5.66%	3.5	12.7	-0.5%	-3.5%
CHRD	Chord Energy	3.70%	3.99%	—	1.5	8.7	-10.8%	-25.2%
OVV	Ovintiv	3.66%	3.30%	3.08%	1.9	9.3	-7.2%	-0.1%
PR	Permian Resources	3.54%	1.68%	2.13%	2.7	10.8	+5.4%	+47.0%
COP	ConocoPhillips	3.54%	2.25%	2.81%	2.2	13.7	-5.9%	-8.9%
EOG	EOG Resources	3.45%	1.65%	3.83%	2.8	9.9	-4.6%	-14.6%
WFRD	Weatherford International	3.33%	4.06%	3.08%	1.3	13.3	+10.0%	+27.0%
MTDR	Matador Resources	3.12%	2.93%	3.92%	1.4	6.0	+15.8%	+29.4%
PSX	Phillips 66	2.80%	7.14%	2.17%	0.6	11.2	-5.3%	-15.2%
OXY	Occidental Petroleum	2.70%	1.55%	3.63%	2.3	14.1	-4.4%	-35.6%
CVX	Chevron	2.69%	2.07%	1.22%	1.8	15.1	-8.8%	-17.1%
VLO	Valero Energy	2.66%	6.50%	3.34%	0.7	11.5	-12.0%	-40.5%
XOM	ExxonMobil	2.63%	2.12%	1.63%	1.7	13.8	-4.2%	-6.9%
FSLR	First Solar	2.63%	0.10%	0.32%	40.2	96.9	+16.8%	+36.6%

[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 8/31/27. Individual constituent FY1 and FY2 consensus figures adjusted to align with 8/31/27.
[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 8/1	1D Rtn	1M Rtn	YTD Rtn	1Y Rtn	3Y Rtn	5Y Rtn	10Y Rtn
FXN	First Trust Energy AlphaDEX Fund	100.00%	22.11	0.0%	9.7%	34.7%	46.5%	39.2%	144.3%	90.8%
DINO	HF Sinclair	5.54%	91.47	0.0%	26.2%	101.9%	124.0%	100.3%	272.9%	381.6%
APA	APA	4.85%	37.32	0.0%	16.1%	56.1%	109.2%	7.2%	137.5%
DVN	Devon Energy	4.76%	45.13	0.0%	11.5%	24.7%	44.1%	0.4%	126.7%	70.7%
RRC	Range Resources	4.58%	40.14	0.0%	6.2%	14.4%	13.9%	32.3%	184.4%	5.5%
AR	Antero Resources	4.38%	36.14	0.0%	2.1%	4.9%	7.3%	37.9%	176.9%	32.9%
EXE	Expand Energy	4.38%	94.03	0.0%	3.6%	-13.8%	-4.8%	24.1%	122.7%
EQT	EQT	4.35%	53.29	0.0%	1.3%	-0.0%	3.0%	36.1%	225.6%	50.3%
CHRD	Chord Energy	3.70%	140.38	0.0%	23.9%	54.4%	38.9%	7.0%	148.7%
OVV	Ovintiv	3.66%	62.46	0.0%	17.9%	61.1%	62.5%	45.2%	179.6%	89.9%
PR	Permian Resources	3.54%	21.31	0.0%	17.1%	54.5%	62.3%	108.5%	386.7%	118.7%
COP	ConocoPhillips	3.54%	120.48	0.0%	15.0%	30.7%	34.2%	14.4%	162.7%	311.9%
EOG	EOG Resources	3.45%	148.69	0.0%	14.5%	45.1%	32.0%	27.2%	162.9%	149.3%
WFRD	Weatherford International	3.33%	87.79	0.0%	5.8%	12.8%	62.5%	8.9%	431.0%	1,559.2%
MTDR	Matador Resources	3.12%	49.89	0.0%	-0.6%	19.3%	7.6%	-3.9%	81.0%	169.4%
PSX	Phillips 66	2.80%	211.68	0.0%	20.0%	66.6%	83.1%	115.3%	248.0%	292.0%
OXY	Occidental Petroleum	2.70%	57.07	0.0%	16.7%	40.1%	34.2%	-2.1%	136.9%	1.3%
CVX	Chevron	2.69%	196.83	0.0%	16.3%	31.6%	35.5%	39.8%	137.8%	198.8%
VLO	Valero Energy	2.66%	312.90	0.0%	17.3%	95.1%	139.9%	169.0%	458.0%	748.3%
XOM	ExxonMobil	2.63%	155.44	0.0%	13.4%	30.9%	46.3%	63.2%	224.4%	174.2%
FSLR	First Solar	2.63%	211.03	0.0%	-6.0%	-19.2%	14.7%	8.6%	139.1%	328.6%

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%	33%	210%
Peers Return	36%	-1%	24%	18%	17%	17%	170%
S&P 500 Return	27%	-19%	24%	23%	16%	9%	98%
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%	43%
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 7/31/2026 (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	1.41	0.37	0.63
Equity Top Results (3Y)
IALT	2.11	2.11	2.11
SPMO	0.89	1.38	0.82
VLUE	2.49	1.26	0.69
CORO	1.33	1.25	1.25
CGDV	1.35	1.23	0.94

Results as of 7312026.

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 VGT, XLK, XLF, XLV, XLE

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 VGT, XLK, XLF, XLV, XLE

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
146 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			-2%	18%	-18%	146
6172026	-6%	13%			-2%	44
2212025	-5%	1%	22%	22%	-23%	371
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%	12%	-18%	369
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 8/1/2026

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 8/1/2026

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 8/1/2026

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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	-5.9%	60.77	8012026	64.59	6012026	61
MAGS	Roundhill Magnificent Seven ETF	-7.0%	65.96	8012026	70.94	5142026	79
QQQ	Invesco QQQ Trust, Series 1	-7.8%	687.99	8012026	746.16	6022026	60
QQQM	Invesco NASDAQ 100 ETF	-7.8%	283.29	8012026	307.23	6022026	60
ONEQ	Fidelity Nasdaq Composite Index ETF	-6.3%	100.03	8012026	106.70	6022026	60
SCHM	Schwab U.S. Mid-Cap ETF	-5.9%	34.70	8012026	36.87	6302026	32
SCHA	Schwab U.S. Small-Cap ETF	-7.1%	33.56	8012026	36.13	6302026	32
VUG	Vanguard Growth ETF	-5.5%	85.20	8012026	90.19	6012026	61
IWF	iShares Russell 1000 Growth ETF	-8.1%	118.32	8012026	128.77	6012026	61
VONG	Vanguard Russell 1000 Growth ETF	-7.9%	121.91	8012026	132.35	6012026	61
MGK	Vanguard Mega Cap Growth ETF	-6.1%	86.33	8012026	91.97	6012026	61
IWP	iShares Russell Mid-Cap Growth ETF	-6.4%	137.04	8012026	146.41	6302026	32
IWO	iShares Russell 2000 Growth ETF	-5.9%	370.67	8012026	393.96	6302026	32
VBK	Vanguard Small-Cap Growth ETF	-6.9%	340.46	8012026	365.70	6302026	32
VSS	Vanguard FTSE All-World EX-US Small-Cap Index Fund	-7.0%	150.52	8012026	161.79	5112026	82
SCHC	Schwab International Small-Cap Equity ETF	-6.2%	48.34	8012026	51.54	3012026	153
IEMG	iShares Core MSCI Emerging Markets ETF	-9.8%	77.61	8012026	86.00	6222026	40
EEM	iShares MSCI Emerging Markets ETF	-10.0%	64.09	8012026	71.21	6222026	40
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-8.3%	34.20	8012026	37.30	6222026	40
EWY	iShares MSCI South Korea ETF	-28.3%	157.10	8012026	219.20	6212026	41
EWZ	iShares MSCI Brazil ETF	-12.2%	36.65	8012026	41.73	4142026	109
FXI	iShares China Large-Cap ETF	-7.9%	36.50	8012026	39.61	2012026	181
ILF	iShares Latin America 40 ETF	-7.2%	35.37	8012026	38.10	4142026	109
KWEB	KraneShares CSI China Internet ETF	-19.5%	28.49	8012026	35.38	2012026	181
JEPQ	J.P. Morgan Nasdaq Equity Premium Income ETF	-5.2%	58.25	8012026	61.46	6302026	32
QQQI	NEOS Nasdaq 100 High Income ETF	-5.9%	53.04	8012026	56.38	6022026	60
MTUM	iShares MSCI USA Momentum Factor ETF	-13.2%	299.59	8012026	345.22	6222026	40
SPHQ	Invesco S&P 500 Quality ETF	-6.0%	84.67	8012026	90.10	6302026	32
SPMO	Invesco S&P 500 Momentum ETF	-11.0%	143.83	8012026	161.66	6222026	40
VLUE	iShares MSCI USA Value Factor ETF	-6.6%	191.14	8012026	204.59	6252026	37
ARKK	ARK Innovation ETF	-14.8%	71.24	8012026	83.61	7062026	26
URA	Global X Uranium ETF	-32.9%	39.07	8012026	58.26	5062026	87
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-15.4%	35.22	8012026	41.63	5132026	80
ROBO	ROBO Global Robotics & Automation Index ETF	-12.3%	79.25	8012026	90.34	6022026	60
LIT	Global X Lithium & Battery Tech ETF	-24.4%	69.22	8012026	91.62	5112026	82
ICLN	iShares Global Clean Energy ETF	-26.1%	17.55	8012026	23.75	6022026	60
ARKQ	ARK Autonomous Technology & Robotics ETF	-20.0%	115.07	8012026	143.82	5282026	65
ARKW	ARK Next Generation Internet ETF	-11.2%	136.84	8012026	154.18	6012026	61
ARKX	ARK Space & Defense Innovation ETF	-18.9%	30.60	8012026	37.74	5282026	65
NASA	Tema Space Innovators ETF	-48.4%	21.62	8012026	41.89	5272026	66
XOVR	EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF	-12.8%	18.60	8012026	21.34	7062026	26
AGIX	KraneShares Artificial Intelligence ETF	-14.4%	42.29	8012026	49.40	6012026	61
GDE	WisdomTree Efficient Gold Plus Equity Strategy Fund	-13.2%	61.10	8012026	70.39	5112026	82
RAAX	VanEck Real Assets ETF	-7.6%	39.46	8012026	42.70	5112026	82
VGT	Vanguard Information Technology ETF	-9.9%	113.15	8012026	125.62	6022026	60
XLK	State Street Technology Select Sector SPDR ETF	-11.5%	175.35	8012026	198.21	6022026	60
XLC	State Street Communication Services Select Sector SPDR ETF	-9.6%	108.24	8012026	119.70	2012026	181
XLU	State Street Utilities Select Sector SPDR ETF	-6.4%	44.35	8012026	47.40	3012026	153
XLB	State Street Materials Select Sector SPDR ETF	-5.5%	50.43	8012026	53.38	2112026	171
IYM	iShares U.S. Basic Materials ETF	-7.1%	175.70	8012026	189.08	3022026	152
SMH	VanEck Semiconductor ETF	-19.2%	540.53	8012026	668.91	6222026	40
SOXX	iShares Semiconductor ETF	-22.9%	504.89	8012026	655.01	6222026	40
IBB	iShares Biotechnology ETF	-6.0%	186.41	8012026	198.23	7072026	25
XBI	State Street SPDR S&P Biotech ETF	-10.5%	147.01	8012026	164.28	7092026	23
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	-5.7%	177.40	8012026	188.18	3292026	125
IGV	iShares Expanded Tech-Software Sector ETF	-12.2%	94.58	8012026	107.70	6012026	61
IYT	iShares U.S. Transportation ETF	-5.7%	84.89	8012026	90.01	7162026	16
IAI	iShares U.S. Broker-Dealers & Securities Exchanges ETF	-5.1%	186.26	8012026	196.32	7152026	17
MISL	First Trust Indxx Aerospace & Defense ETF	-15.1%	43.03	8012026	50.66	3022026	152
RING	iShares MSCI Global Gold Miners ETF	-35.9%	63.77	8012026	99.42	3012026	153
SOXQ	Invesco PHLX Semiconductor ETF	-22.6%	89.05	8012026	115.11	6222026	40
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	-5.2%	21.72	8012026	22.90	2162026	166
TLT	iShares 20+ Year Treasury Bond ETF	-8.1%	82.25	8012026	89.48	3012026	153
VGLT	Vanguard Long-Term Treasury ETF	-7.0%	52.77	8012026	56.76	3012026	153
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-7.4%	25.08	8012026	27.09	3012026	153
TLH	iShares 10-20 Year Treasury Bond ETF	-6.7%	96.54	8012026	103.45	3012026	153
EDV	Vanguard World Funds Extended Duration ETF	-11.8%	59.46	8012026	67.42	3012026	153
SPLB	State Street SPDR Portfolio Long Term Corporate Bond ETF	-5.5%	21.41	8012026	22.65	2192026	163
IGLB	iShares 10+ Year Investment Grade Corporate Bond ETF	-5.2%	47.94	8012026	50.58	2172026	165
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	-7.1%	17.56	8012026	18.91	5122026	81
DBC	Invesco DB Commodity Index Tracking Fund	-7.1%	29.45	8012026	31.69	5122026	81
COMT	iShares GSCI Commodity Dynamic Roll Strategy ETF	-10.6%	32.64	8012026	36.53	5192026	74
GSG	iShares GSCI Commodity	-5.8%	30.01	8012026	31.85	3182026	136
BCI	abrdn Bloomberg All Commodity Strategy K-1 Free ETF	-7.6%	23.93	8012026	25.91	5122026	81
FTGC	First Trust Global Tactical Commodity Strategy Fund	-5.2%	28.94	8012026	30.53	5122026	81
GLD	SPDR Gold Trust	-24.2%	371.54	8012026	490.00	3022026	152
IAU	iShares Gold Trust	-24.1%	76.17	8012026	100.38	3022026	152
GLDM	SPDR Gold MiniShares Trust	-24.1%	80.14	8012026	105.54	3022026	152
SGOL	ETFS Physical Swiss Gold Shares	-12.1%	44.66	8012026	50.81	3022026	152
BAR	Direxion Daily Gold Bull 3X Shares	-15.6%	44.34	8012026	52.53	3022026	152
SLV	iShares Silver Trust	-38.4%	52.36	8012026	84.99	3012026	153
SIVR	ETFS Physical Silver Shares Trust ETF	-6.6%	83.39	8012026	89.26	3012026	153
PPLT	ETFS Physical Platinum Shares	-30.3%	14.96	8012026	21.47	3012026	153
CPER	United States Copper Index Fund ETV	-11.1%	33.33	8012026	37.48	2032026	179
PALL	ETFS Physical Palladium Shares	-28.6%	23.23	8012026	32.54	2242026	158
USO	United States Oil Fund LP	-15.6%	129.17	8012026	152.96	5192026	74
UNG	United States Natural Gas Fund LP	-40.5%	10.06	8012026	16.90	2012026	181
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	8012026	60.13	5042026	89
IBIT	iShares Bitcoin Trust ETF	-25.0%	35.64	8012026	47.49	2012026	181
FBTC	Fidelity Wise Origin Bitcoin Fund	-25.1%	54.71	8012026	73.02	2012026	181
GBTC	Grayscale Bitcoin Trust ETF	-5.4%	61.84	8012026	65.37	2012026	181
ETHA	iShares Ethereum Trust ETF	-30.2%	14.07	8012026	20.17	2012026	181

ETF Fund Flows

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

Net fund flows · as of 2026-07-31

Asset allocation rotation · Past week

Equity ETFs drew the largest net inflows (+$12.9B), followed by Bond (+$2.5B), while Cash (−$718M) and Commodity (−$532M) saw the largest outflows.
Within the mix, money rotated into Industry Subsector (+$7.7B) and out of US Large Cap Core (−$5.1B).
Relative to fund size, FINA drew the largest inflow (+29.0% of AUM) and FTXL the largest outflow (−56.9%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SMH	VanEck Semiconductor ETF	Equity Industry Subsector	+$4.41B	+6.6%
2	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$2.92B	+6.7%
3	XLF	State Street Financial Select Sector SPDR ETF	Equity Broad Sector	+$1.93B	+3.3%
4	EWY	iShares MSCI South Korea ETF	Equity Emerging Markets	+$1.82B	+7.9%
5	IEMG	iShares Core MSCI Emerging Markets ETF	Equity Emerging Markets	+$1.13B	+0.8%
6	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	+$1.11B	+6.7%
7	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$1.01B	+1.0%
8	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$994M	+0.1%
9	AIQ	Global X - Artificial Intelligence & Technology ETF	Other	+$839M	+9.0%
10	VTI	Vanguard Total Stock Market ETF	Equity US Total Market	+$800M	+0.1%

#	Ticker	Name	Type	Net flow	% of AUM
1	FINA	Fidelity MSCI North American Subset Index ETF	Other	+$340M	+29.0%
2	PKW	Invesco BuyBack Achievers ETF	Other	+$557M	+27.8%
3	SPHD	Invesco S&P 500 High Dividend Low Volatility ETF	Other	+$690M	+18.4%
4	TBLL	Invesco Short Term Treasury ETF	Other	+$243M	+9.3%
5	AIQ	Global X - Artificial Intelligence & Technology ETF	Other	+$839M	+9.0%
6	DTCR	Global X - Data Center & Digital Infrastructure ETF	Other	+$181M	+8.5%
7	IDU	iShares U.S. Utilities ETF	Other	+$121M	+8.4%
8	IGLB	iShares 10+ Year Investment Grade Corporate Bond ETF	Bond Long Corporate	+$226M	+8.0%
9	EWY	iShares MSCI South Korea ETF	Equity Emerging Markets	+$1.82B	+7.9%
10	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	+$1.11B	+6.7%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$5.24B	-0.6%
2	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	-$2.83B	-0.6%
3	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$1.35B	-4.1%
4	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	-$1.24B	-0.2%
5	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$756M	-56.9%
6	FV	First Trust Dorsey Wright Focus 5 ETF	Other	-$750M	-20.7%
7	IQMM	ProShares - GENIUS Money Market ETF	Other	-$726M	-4.2%
8	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	-$720M	-0.7%
9	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	-$669M	-1.6%
10	USHY	iShares Broad USD High Yield Corporate Bond ETF	Bond High Yield Corporate	-$414M	-1.4%

#	Ticker	Name	Type	Net flow	% of AUM
1	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$756M	-56.9%
2	FV	First Trust Dorsey Wright Focus 5 ETF	Other	-$750M	-20.7%
3	XHB	State Street SPDR S&P Homebuilders ETF	Other	-$284M	-19.3%
4	KLMN		Other	-$341M	-17.5%
5	USO	United States Oil Fund, LP	Commodity Energy	-$184M	-9.3%
6	LMUB	iShares Long-Term National Muni Bond ETF	Bond Municipal	-$112M	-6.9%
7	IYR	iShares U.S. Real Estate ETF	Real Estate	-$266M	-5.6%
8	RING	iShares MSCI Global Gold Miners ETF	Equity Industry Subsector	-$106M	-5.0%
9	MAGS	Roundhill Magnificent Seven ETF	Equity US Large Concentrated	-$173M	-4.8%
10	TAN	Invesco Solar ETF	Other	-$64M	-4.7%

Asset allocation rotation · Past month

Equity ETFs drew the largest net inflows (+$54.5B), followed by Bond (+$17.4B), with every major asset class in net inflows.
Within the mix, money rotated into US Large Cap Core (+$14.3B) and out of US Nasdaq Growth (−$8.4B).
Relative to fund size, BFLX drew the largest inflow (+56.8% of AUM) and FTXL the largest outflow (−36.8%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$14.55B	+1.5%
2	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$9.21B	+20.1%
3	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$8.99B	+1.1%
4	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$6.23B	+3.9%
5	DRAM	Roundhill Memory ETF	Other	+$6.03B	+25.5%
6	EWY	iShares MSCI South Korea ETF	Equity Emerging Markets	+$5.67B	+25.3%
7	VTI	Vanguard Total Stock Market ETF	Equity US Total Market	+$4.59B	+0.7%
8	SMH	VanEck Semiconductor ETF	Equity Industry Subsector	+$4.46B	+6.4%
9	EFV	iShares MSCI EAFE Value ETF	Equity International Developed Broad	+$3.7B	+13.4%
10	XLF	State Street Financial Select Sector SPDR ETF	Equity Broad Sector	+$3.48B	+6.2%

#	Ticker	Name	Type	Net flow	% of AUM
1	BFLX	iShares Flexible Equity Active ETF	Other	+$887M	+56.8%
2	DFAL		Other	+$479M	+41.1%
3	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$402M	+34.5%
4	IHE	iShares U.S. Pharmaceuticals ETF	Other	+$481M	+33.5%
5	PKW	Invesco BuyBack Achievers ETF	Other	+$555M	+33.0%
6	DRAM	Roundhill Memory ETF	Other	+$6.03B	+25.5%
7	EWY	iShares MSCI South Korea ETF	Equity Emerging Markets	+$5.67B	+25.3%
8	DFGP	Dimensional - Global Core Plus Fixed Income ETF	Other	+$804M	+24.1%
9	IXC	iShares Global Energy ETF	Other	+$577M	+21.8%
10	FLKR	Franklin FTSE South Korea ETF	Other	+$257M	+20.5%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$16.07B	-1.8%
2	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	-$10.84B	-2.3%
3	IQMM	ProShares - GENIUS Money Market ETF	Other	-$3.06B	-16.7%
4	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$1.7B	-4.9%
5	IWM	iShares Russell 2000 ETF	Equity US Small Cap Core	-$1.27B	-1.6%
6	IWD	iShares Russell 1000 Value ETF	Equity US Large Value	-$1.24B	-1.5%
7	SCZ	iShares MSCI EAFE Small-Cap ETF	Equity International Small Cap	-$1.05B	-7.9%
8	IWF	iShares Russell 1000 Growth ETF	Equity US Large Growth	-$1.02B	-0.8%
9	KRE	State Street SPDR S&P Regional Banking ETF	Equity Industry Subsector	-$987M	-20.8%
10	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$872M	-9.3%

#	Ticker	Name	Type	Net flow	% of AUM
1	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$853M	-36.8%
2	XHB	State Street SPDR S&P Homebuilders ETF	Other	-$491M	-28.4%
3	KLMN		Other	-$566M	-24.4%
4	DMXF	iShares ESG Advanced MSCI EAFE ETF	Other	-$275M	-23.5%
5	LCTU	iShares U.S. Carbon Transition Readiness Aware Active ETF	Other	-$278M	-22.9%
6	KRE	State Street SPDR S&P Regional Banking ETF	Equity Industry Subsector	-$987M	-20.8%
7	ITB	iShares U.S. Home Construction ETF	Other	-$427M	-18.2%
8	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$781M	-18.1%
9	IQMM	ProShares - GENIUS Money Market ETF	Other	-$3.06B	-16.7%
10	QLTA	iShares Aaa - A Rated Corporate Bond ETF	Other	-$181M	-14.4%

Asset allocation rotation · Past 3 months

Equity ETFs drew the largest net inflows (+$177.6B), followed by Bond (+$68.4B), while Crypto (−$7.4B) and Commodity (−$4.9B) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$66.7B) and out of Gold (−$6.5B).
Relative to fund size, NASA drew the largest inflow (+128.6% of AUM) and FXN the largest outflow (−62.6%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$39.96B	+4.7%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$25.02B	+3.2%
3	DRAM	Roundhill Memory ETF	Other	+$23.96B	+124.0%
4	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$18.75B	+12.5%
5	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$14.54B	+15.3%
6	VTI	Vanguard Total Stock Market ETF	Equity US Total Market	+$14.4B	+2.2%
7	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$13.46B	+31.4%
8	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$11.96B	+12.3%
9	BND	Vanguard Total Bond Market ETF	Bond US Aggregate Core	+$9.43B	+5.9%
10	VXUS	Vanguard Total International Stock ETF	Equity International Broad	+$9.13B	+5.9%

#	Ticker	Name	Type	Net flow	% of AUM
1	NASA	Tema Space Innovators ETF	Equity Thematic	+$1.71B	+128.6%
2	DRAM	Roundhill Memory ETF	Other	+$23.96B	+124.0%
3	ARKQ	ARK Autonomous Technology & Robotics ETF	Equity Thematic	+$2.3B	+106.3% ⚠
4	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$1.72B	+65.0% ⚠
5	FXL	First Trust Technology AlphaDEX Fund	Other	+$989M	+57.7%
6	FLKR	Franklin FTSE South Korea ETF	Other	+$640M	+56.7%
7	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$4.17B	+55.0%
8	IALT	iShares Systematic Alternatives Active ETF	Equity Asset Allocation	+$2.45B	+52.1% ⚠
9	TSPA	T. Rowe Price U.S. Equity Research ETF	Other	+$1.6B	+44.9%
10	CHPY	YieldMax Semiconductor Portfolio Option Income ETF	Other	+$477M	+44.8%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$18.3B	-1.9%
2	QUAL	iShares MSCI USA Quality Factor ETF	Equity Factor Smart Beta	-$6.32B	-13.7%
3	IBIT	iShares Bitcoin Trust ETF	Crypto	-$4.89B	-10.0%
4	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.8B	-38.2%
5	IQMM	ProShares - GENIUS Money Market ETF	Other	-$4.66B	-22.0%
6	GLD	SPDR Gold Shares	Commodity Gold	-$3.8B	-2.8%
7	IAU	iShares Gold Trust	Commodity Gold	-$2.72B	-4.3%
8	IWF	iShares Russell 1000 Growth ETF	Equity US Large Growth	-$2.55B	-2.0%
9	IWM	iShares Russell 2000 ETF	Equity US Small Cap Core	-$2.49B	-3.1%
10	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.23B	-34.4%

#	Ticker	Name	Type	Net flow	% of AUM
1	FXN this	First Trust Energy AlphaDEX Fund	Equity Broad Sector	-$733M	-62.6%
2	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$1.04B	-43.3%
3	EEMA	iShares MSCI Emerging Markets Asia ETF	Other	-$509M	-39.4%
4	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.8B	-38.2%
5	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.23B	-34.4%
6	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$1.58B	-30.8%
7	MAGS	Roundhill Magnificent Seven ETF	Equity US Large Concentrated	-$1.01B	-25.3%
8	AKRE	Akre Focus ETF	Equity US Large Growth	-$1.38B	-24.5%
9	ILF	iShares Latin America 40 ETF	Equity Emerging Markets	-$947M	-24.3%
10	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$328M	-23.8%

Largest ETF fund flows across ~2570 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	Category	1D Rtn	YTD Rtn
XLY	State Street Consumer Discretionary S...	Equity	3.3%	-2.6%
MAGS	Roundhill Magnificent Seven ETF	Equity	3.2%	0.0%
XLC	State Street Communication Services S...	Equity	1.6%	-7.8%
KWEB	KraneShares CSI China Internet ETF	Equity	1.5%	-16.3%
FXN	First Trust Energy AlphaDEX Fund	Equity	1.5%	34.7%
XOP	State Street SPDR S&P Oil & Gas Explo...	Equity	1.4%	41.1%
SPYG	State Street SPDR Portfolio S&P 500 G...	Equity	1.4%	9.9%
IVW	iShares S&P 500 Growth ETF	Equity	1.4%	9.8%
IGV	iShares Expanded Tech-Software Sector...	Equity	1.4%	-10.5%
USO	United States Oil Fund LP	Commodity	1.3%	86.8%

Top Losers

Ticker	Company	Category	1D Rtn	YTD Rtn
RING	iShares MSCI Global Gold Miners ETF	Equity	-3.1%	-13.4%
ETHA	iShares Ethereum Trust ETF	Cryptocurrency	-3.0%	-37.3%
XBI	State Street SPDR S&P Biotech ETF	Equity	-2.9%	20.6%
FBTC	Fidelity Wise Origin Bitcoin Fund	Cryptocurrency	-2.9%	-28.2%
IBIT	iShares Bitcoin Trust ETF	Cryptocurrency	-2.9%	-28.2%
PALL	ETFS Physical Palladium Shares	Commodity	-2.6%	-20.1%
EWY	iShares MSCI South Korea ETF	Equity	-2.5%	61.6%
XLB	State Street Materials Select Sector ...	Equity	-2.3%	11.7%
ARKK	ARK Innovation ETF	Equity	-2.3%	-7.4%
SLV	iShares Silver Trust	Commodity	-2.1%	-18.7%

Top Gainers

Ticker	Company	Category	1W Rtn	YTD Rtn
KWEB	KraneShares CSI China Internet ETF	Equity	8.4%	-16.3%
IGV	iShares Expanded Tech-Software Sector...	Equity	7.5%	-10.5%
XLY	State Street Consumer Discretionary S...	Equity	6.1%	-2.6%
FXI	iShares China Large-Cap ETF	Equity	5.6%	-4.7%
AKRE	Akre Focus ETF	Equity	5.2%	-12.2%
MAGS	Roundhill Magnificent Seven ETF	Equity	4.4%	0.0%
BOTZ	Global X Funds Global X Robotics & Ar...	Equity	4.1%	-2.8%
PPLT	ETFS Physical Platinum Shares	Commodity	3.7%	-19.8%
COWZ	Pacer US Cash Cows 100 ETF	Equity	3.1%	11.5%
PALL	ETFS Physical Palladium Shares	Commodity	3.0%	-20.1%

Top Losers

Ticker	Company	Category	1W Rtn	YTD Rtn
USO	United States Oil Fund LP	Commodity	-5.5%	86.8%
UNG	United States Natural Gas Fund LP	Commodity	-4.6%	-17.9%
SOXQ	Invesco PHLX Semiconductor ETF	Equity	-4.3%	59.9%
SOXX	iShares Semiconductor ETF	Equity	-4.2%	67.8%
XLU	State Street Utilities Select Sector ...	Equity	-4.2%	4.6%
SMH	VanEck Semiconductor ETF	Equity	-3.7%	50.1%
EWY	iShares MSCI South Korea ETF	Equity	-3.6%	61.6%
IYT	iShares U.S. Transportation ETF	Equity	-3.6%	14.3%
USRT	iShares Core U.S. REIT ETF	Real Estate	-2.8%	19.6%
NASA	Tema Space Innovators ETF	Equity	-2.3%	-14.1%

Top Gainers

Ticker	Company	Category	1M Rtn	YTD Rtn
USO	United States Oil Fund LP	Commodity	25.1%	86.8%
ETHA	iShares Ethereum Trust ETF	Cryptocurrency	15.4%	-37.3%
XOP	State Street SPDR S&P Oil & Gas Explo...	Equity	15.4%	41.1%
FXI	iShares China Large-Cap ETF	Equity	14.2%	-4.7%
KWEB	KraneShares CSI China Internet ETF	Equity	13.4%	-16.3%
XLE	State Street Energy Select Sector SPD...	Equity	12.8%	34.1%
DBC	Invesco DB Commodity Index Tracking Fund	Commodity	11.3%	31.7%
PDBC	Invesco Optimum Yield Diversified Com...	Commodity	11.3%	32.5%
FXN	First Trust Energy AlphaDEX Fund	Equity	10.5%	34.7%
HGER	Harbor Commodity All-Weather Strategy...	Commodity	8.9%	29.5%

Top Losers

Ticker	Company	Category	1M Rtn	YTD Rtn
NASA	Tema Space Innovators ETF	Equity	-26.6%	-14.1%
SOXX	iShares Semiconductor ETF	Equity	-15.8%	67.8%
EWY	iShares MSCI South Korea ETF	Equity	-15.3%	61.6%
SOXQ	Invesco PHLX Semiconductor ETF	Equity	-15.3%	59.9%
ICLN	iShares Global Clean Energy ETF	Equity	-13.0%	6.8%
ARKK	ARK Innovation ETF	Equity	-13.0%	-7.4%
SMH	VanEck Semiconductor ETF	Equity	-12.9%	50.1%
UNG	United States Natural Gas Fund LP	Commodity	-12.7%	-17.9%
XOVR	EntrepreneurShares Series Trust ERSha...	Equity	-11.9%	-7.6%
ARKQ	ARK Autonomous Technology & Robotics ETF	Equity	-11.8%	0.4%

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	169.2	116.7	55.6	41.7	39.5	48.7
Expense Ratio	0.63%	0.09%	0.08%	0.08%	0.08%	0.08%	0.08%
10-D Avg Volume (Mil)	1.80	4.91	12.11	35.13	10.47	35.37	11.29
Latest Day Volume (Mil)	0.35	4.88	9.90	33.40	12.74	27.51	11.32
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	22.03	113.27	178.46	55.84	161.45	59.41	-
Premium/Discount	0.4%	-0.1%	-1.7%	2.0%	0.7%	0.2%	0.3%
Distribution Yield	1.6%	0.4%	0.5%	1.4%	1.6%	2.5%	1.5%
Sales Yield	62.6%	67.5%	115.9%	28.8%	62.9%	59.0%	62.8%
Earnings Yield	6.3%	8.8%	14.5%	6.0%	3.3%	4.8%	6.1%

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	1.5x	0.9x	3.5x	1.6x	1.7x	1.6x
P/E (TTM)	15.9x	11.3x	6.9x	16.7x	30.1x	20.9x	16.3x
P/FCF (TTM)	15.0x	5.3x	2.9x	28.1x	23.5x	23.6x	19.3x
Forward P/E	11.5x	4.5x	2.6x	15.1x	18.1x	13.7x	12.6x
Forward P/S	1.5x	1.2x	0.7x	3.3x	1.5x	1.5x	1.5x

Risk

	FXN	VGT	XLK	XLF	XLV	XLE	Median
Name	First Trus.	Vanguard I.	State Stre.	State Stre.	State Stre.	State Stre.
Volatility (1Y)	23.3%	24.3%	25.6%	14.8%	15.9%	21.0%	22.2%
Volatility (3Y)	25.4%	24.5%	24.9%	16.1%	14.4%	21.6%	23.0%
Volatility (5Y)	28.7%	25.8%	25.7%	18.4%	15.0%	25.8%	25.7%
Beta (1Y)	0.02	1.66	1.70	0.64	0.31	-0.21	0.48
Beta (3Y)	0.73	1.49	1.48	0.79	0.46	0.48	0.76
Beta (5Y)	0.81	1.41	1.39	0.86	0.55	0.60	0.84
Sharpe Ratio (1Y)	1.59	1.23	1.24	0.68	1.36	1.67	1.30
Sharpe Ratio (3Y)	0.56	1.10	1.07	1.14	0.59	0.74	0.91
Sharpe Ratio (5Y)	0.76	0.76	0.79	0.67	0.46	0.96	0.76
Max Drawdown (1Y)	-13.7%	-16.4%	-16.0%	-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	10.5%	-3.5%	-5.5%	3.9%	1.9%	12.8%	2.9%
3M Return	-1.9%	9.8%	9.9%	9.2%	11.3%	-0.2%	9.5%
6M Return	21.8%	19.2%	19.5%	6.9%	6.1%	18.7%	19.0%
YTD Return	34.7%	20.4%	21.9%	4.5%	5.4%	34.1%	21.2%
1Y Return	41.1%	30.9%	33.0%	9.3%	22.7%	39.1%	32.0%
2Y Return	27.3%	62.7%	63.9%	34.7%	11.7%	36.6%	35.7%
3Y Return	39.6%	105.4%	102.9%	67.2%	25.3%	51.1%	59.2%

Short Interest

Short Interest: As Of Date	7152026
Short Interest: Shares Quantity	0.1 Mil
Short Interest: % Change Since 6302026	58.6%
Average Daily Volume	0.6 Mil
Days-to-Cover Short Interest	1

External Quote Links

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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 (8/2/2026): $22.105

First Trust Energy AlphaDEX Fund (FXN)

Market Price (8/2/2026): $22.105

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

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About FXN

Latest Trefis Analyses

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Top Losers

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