First Trust Energy AlphaDEX Fund (FXN)

Market Price (10/7/2026): $22.83

First Trust Energy AlphaDEX Fund (FXN)

Market Price (10/7/2026): $22.83

Key Takeaways

FXN has returned +40.5% YTD vs +14.9% for SPY; +42.3% over the past 12 months (SPY +17.0%). details →
Priced in gold, FXN has returned -36.5% over the past 3 years, vs +45.4% in dollars — its dollar gains have lagged gold. details →
Over the past month, FXN has seen net outflows of −$20M (−5.3% of assets). details →
Risk-adjusted returns trail SPY: 3-year Sharpe ratio of 0.3 vs 1.1. details →
Analysts expect -4% revenue growth across FXN's holdings (next fiscal year) vs +13% for SPY; expected earnings growth: -7% vs +19%. details →

Last updated: 10/6/2026.

Price Chart

ETF Price
Price/Gold

Asset Allocation with FXN

Risk Tolerance:

ConservativeModerateAggressive

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

10Y Return (ann.)

+9.2%

Volatility

22.2%

Sharpe

0.38

YTD

+23.4%

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%	0.8%	4.8%	-3.7%	40.5%
Bond	BND	50.0%	0.2%	0.1%	-2.3%	-2.6%
Gold	GLD	10.0%	0.7%	-0.2%	-6.0%	-3.5%
Commodity	DBC	2.5%	0.9%	2.2%	2.5%	46.2%
Real Estate	VNQ	5.0%	0.9%	-0.7%	-5.5%	4.5%
Bitcoin	BTCUSD	0.0%	0.2%	2.8%	7.9%	-1.8%
Cash	GOVT	7.5%	0.2%	-0.3%	-2.4%	-2.9%
Conservative Portfolio		100.0%	0.4%	1.2%	-3.1%	9.7%

	ETF	%	1D	1W	1M	YTD
Equity	FXN	55.0%	0.8%	4.8%	-3.7%	40.5%
Bond	BND	25.0%	0.2%	0.1%	-2.3%	-2.6%
Gold	GLD	7.0%	0.7%	-0.2%	-6.0%	-3.5%
Commodity	DBC	4.0%	0.9%	2.2%	2.5%	46.2%
Real Estate	VNQ	5.0%	0.9%	-0.7%	-5.5%	4.5%
Bitcoin	BTCUSD	2.0%	0.2%	2.8%	7.9%	-1.8%
Cash	GOVT	2.0%	0.2%	-0.3%	-2.4%	-2.9%
Moderate Portfolio		100.0%	0.6%	2.8%	-3.1%	23.4%

	ETF	%	1D	1W	1M	YTD
Equity	FXN	80.0%	0.8%	4.8%	-3.7%	40.5%
Bond	BND	5.0%	0.2%	0.1%	-2.3%	-2.6%
Gold	GLD	3.0%	0.7%	-0.2%	-6.0%	-3.5%
Commodity	DBC	2.2%	0.9%	2.2%	2.5%	46.2%
Real Estate	VNQ	4.5%	0.9%	-0.7%	-5.5%	4.5%
Bitcoin	BTCUSD	5.2%	0.2%	2.8%	7.9%	-1.8%
Cash	GOVT	0.0%	0.2%	-0.3%	-2.4%	-2.9%
Aggressive Portfolio		100.0%	0.7%	4.0%	-3.0%	33.3%

	ETF	%	Return	Volatility	Sharpe
Equity	FXN	25.0%	7.1%	37.8%	0.30
Bond	BND	50.0%	1.1%	5.2%	-0.30
Gold	GLD	10.0%	11.6%	15.4%	0.59
Commodity	DBC	2.5%	8.3%	17.2%	0.39
Real Estate	VNQ	5.0%	4.2%	17.6%	0.14
Bitcoin	BTCUSD	0.0%	64.1%	76.0%	0.96
Cash	GOVT	7.5%	0.2%	4.9%	-0.51
Conservative Portfolio		100.0%	5.4%	11.1%	0.28

	ETF	%	Return	Volatility	Sharpe
Equity	FXN	55.0%	7.1%	37.8%	0.30
Bond	BND	25.0%	1.1%	5.2%	-0.30
Gold	GLD	7.0%	11.6%	15.4%	0.59
Commodity	DBC	4.0%	8.3%	17.2%	0.39
Real Estate	VNQ	5.0%	4.2%	17.6%	0.14
Bitcoin	BTCUSD	2.0%	64.1%	76.0%	0.96
Cash	GOVT	2.0%	0.2%	4.9%	-0.51
Moderate Portfolio		100.0%	9.2%	22.2%	0.38

	ETF	%	Return	Volatility	Sharpe
Equity	FXN	80.0%	7.1%	37.8%	0.30
Bond	BND	5.0%	1.1%	5.2%	-0.30
Gold	GLD	3.0%	11.6%	15.4%	0.59
Commodity	DBC	2.2%	8.3%	17.2%	0.39
Real Estate	VNQ	4.5%	4.2%	17.6%	0.14
Bitcoin	BTCUSD	5.2%	64.1%	76.0%	0.96
Cash	GOVT	0.0%	0.2%	4.9%	-0.51
Aggressive Portfolio		100.0%	12.0%	31.9%	0.42

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)
	10/31/27	10/7/26	2025	2024	2023	2022	2021
Share Price CYE		$22.98	$16.36	$15.82	$15.78	$15.63	$10.64
Dividend/Share TTM		$0.26	$0.42	$0.41	$0.52	$0.39	$0.10
Valuation [1]
P/S	—	1.87	1.78	1.93	1.77	1.61	1.66
P/E		14.16	15.45	13.59	8.73	6.62	15.61
P/E (Non-GAAP) [2]	11.29	11.32	14.34	13.81	10.71	12.50	17.02
P/FCF		12.33	14.53	16.52	12.95	8.77	11.00
Yields TTM
Earnings Yield	8.86%	7.06%	6.47%	7.36%	11.45%	15.11%	6.40%
Dividend Yield	1.13%	1.13%	2.55%	2.58%	3.27%	2.49%	0.98%
Total Yield (TY)	9.99%	8.19%	9.02%	9.94%	14.72%	17.60%	7.38%
Risk Premium [3]
Risk Free Rate (Rf)	5.31%	5.31%	4.18%	4.58%	3.88%	3.88%	1.52%
Risk Prem. (TY - Rf)	4.68%	2.88%	4.84%	5.36%	10.84%	13.72%	5.86%
Growth Rates [6]
Sales Growth	-3.7%	10.8%	3.5%	-4.0%	-12.7%	63.0%
Earnings Growth [7]	-7.4%	44.3%	-5.3%	-36.5%	-24.7%	438.1%

[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.
Show more

Highlights

YIELD

FXN's earnings yield is 7.06%, based on its 14.2x trailing P/E. With a 1.13% dividend yield, FXN is yielding 8.19% in total.

RISK

Compared to US Treasuries at 5.31%, FXN's total yield implies a reasonable 2.88% risk premium. Risk premiums at this level suggest valuations are not excessive.

FORWARD EXPECTATIONS

Based on analyst estimates, FXN's forward total yield is 9.99%, implying a 4.68% risk premium assuming stable Treasury rates.

Top 20 Holdings for FXN

Total Weights
Top 5: 25.8% | Top 10: 44.7% | Top 20: 75.0%

Ticker	Holding	ETF Weight	Sales Weight	Earnings Weight	Fwd P/S	Fwd P/E	Fwd Sales Growth	Fwd Earnings Growth
Total		99.89%	100.00%	100.00%	1.5	11.0	-3.7%	-7.4%
Top 20		75.02%	78.80%	84.01%	1.4	10.3	-5.3%	-10.5%
DINO	HF Sinclair	6.64%	16.02%	8.30%	0.6	8.2	-8.8%	-22.0%
APA	APA	5.67%	5.10%	8.21%	1.9	9.8	-9.9%	-28.1%
DVN	Devon Energy	4.94%	3.43%	4.83%	1.8	14.9	+1.0%	-9.2%
RRC	Range Resources	4.34%	2.40%	5.34%	2.6	10.2	+2.9%	-5.8%
AR	Antero Resources	4.18%	3.38%	5.50%	1.6	8.3	+0.4%	-0.3%
EXE	Expand Energy	4.04%	4.18%	7.18%	1.7	10.4	-4.3%	-4.9%
EQT	EQT	4.03%	1.85%	4.46%	3.6	13.3	-0.8%	-4.7%
COP	ConocoPhillips	3.70%	2.37%	2.94%	2.3	13.9	-6.5%	-14.4%
CHRD	Chord Energy	3.60%	4.70%	5.33%	1.3	8.6	-21.4%	-25.5%
PR	Permian Resources	3.53%	1.72%	3.13%	2.8	10.2	+2.1%	+23.2%
PSX	Phillips 66	3.43%	7.67%	3.02%	0.7	10.6	-6.1%	-12.6%
OVV	Ovintiv	3.43%	3.09%	2.46%	1.8	8.8	-7.7%	-5.9%
VLO	Valero Energy	3.42%	6.15%	2.69%	0.9	10.2	-11.9%	-16.3%
EOG	EOG Resources	3.30%	1.84%	4.02%	2.8	9.7	-8.0%	-16.7%
MTDR	Matador Resources	3.12%	2.90%	4.62%	1.4	5.9	+15.1%	+12.2%
WFRD	Weatherford International	3.02%	4.00%	2.59%	1.1	11.7	+9.5%	+28.2%
CVX	Chevron	2.83%	2.30%	1.92%	1.8	14.5	-8.0%	-17.3%
XOM	ExxonMobil	2.71%	2.27%	1.74%	1.7	14.7	-4.2%	-6.9%
OXY	Occidental Petroleum	2.60%	1.54%	4.36%	2.4	13.1	-8.7%	-35.4%
SLB	SLB	2.47%	1.91%	1.38%	1.9	15.6	+8.4%	+26.9%

[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 10/31/27. Individual constituent FY1 and FY2 consensus figures adjusted to align with 10/31/27.
[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 10/6	1D Rtn	1M Rtn	YTD Rtn	1Y Rtn	3Y Rtn	5Y Rtn	10Y Rtn
FXN	First Trust Energy AlphaDEX Fund	100.00%	22.98	0.8%	-3.7%	40.5%	42.3%	45.4%	113.7%	88.0%
DINO	HF Sinclair	6.64%	114.60	-0.5%	8.7%	154.5%	126.9%	148.3%	296.9%	545.0%
APA	APA	5.67%	44.10	0.6%	3.1%	84.5%	81.7%	31.5%	125.0%
DVN	Devon Energy	4.94%	48.02	0.1%	0.6%	33.6%	41.1%	21.2%	58.4%	62.0%
RRC	Range Resources	4.34%	40.02	3.5%	-4.5%	14.3%	4.2%	24.8%	80.5%	9.1%
AR	Antero Resources	4.18%	35.72	3.0%	-9.4%	3.7%	5.3%	39.3%	75.6%	28.7%
EXE	Expand Energy	4.04%	88.23	2.1%	-9.9%	-18.6%	-16.3%	10.0%	71.9%
EQT	EQT	4.03%	52.47	2.6%	-4.9%	-1.2%	-7.2%	27.9%	164.5%	46.7%
COP	ConocoPhillips	3.70%	129.35	0.7%	-3.7%	41.2%	40.6%	22.7%	119.9%	305.8%
CHRD	Chord Energy	3.60%	137.53	-1.1%	-6.1%	52.6%	43.9%	3.0%	109.5%
PR	Permian Resources	3.53%	22.35	0.5%	-3.7%	63.1%	83.4%	91.0%	266.0%	61.0%
PSX	Phillips 66	3.43%	269.79	0.0%	5.8%	113.5%	109.0%	172.8%	307.9%	387.5%
OVV	Ovintiv	3.43%	61.48	0.9%	-4.6%	59.3%	57.0%	46.2%	85.7%	41.5%
VLO	Valero Energy	3.42%	419.22	-0.0%	13.1%	161.3%	162.0%	259.8%	544.8%	1,033.1%
EOG	EOG Resources	3.30%	144.28	0.1%	-0.6%	40.8%	35.2%	33.0%	113.0%	106.6%
MTDR	Matador Resources	3.12%	52.91	-0.2%	-10.5%	27.4%	21.8%	2.3%	40.4%	143.8%
WFRD	Weatherford International	3.02%	79.94	-2.9%	-16.6%	3.0%	24.3%	-5.9%	314.9%	1,299.8%
CVX	Chevron	2.83%	207.58	0.5%	-0.5%	40.0%	40.1%	45.1%	140.0%	209.5%
XOM	ExxonMobil	2.71%	164.48	0.3%	3.1%	39.4%	48.2%	69.4%	223.1%	192.1%
OXY	Occidental Petroleum	2.60%	58.33	0.0%	-2.4%	43.8%	31.0%	0.4%	93.0%	4.2%
SLB	SLB	2.47%	50.00	-0.6%	-13.1%	32.4%	48.1%	-3.0%	80.0%	-17.5%

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%	39%	225%
Peers Return	36%	-1%	24%	18%	17%	26%	190%
S&P 500 Return	27%	-19%	24%	23%	16%	14%	107%
Monthly Win Rates [3]
FXN Win Rate	67%	67%	42%	42%	58%	70%
Peers Win Rate	72%	43%	62%	63%	63%	52%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
FXN Max Drawdown	-18%	-25%	-18%	-19%	-28%	-13%
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 10/6/2026 (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	1.20	0.34	0.55
Equity Top Results (3Y)
IALT	2.30	2.30	2.30
VLUE	2.18	1.44	0.76
SPMO	0.89	1.43	0.86
SMH	1.69	1.38	0.95
CGDV	1.03	1.35	0.89

Results as of 9302026.

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 trading days was triggered

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

60 Trading-Day Dip			FXN Subsequent Performance
Date	FXN	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			-2%	19%	-19%	151
6/17/2026	-6%	13%			-2%	90
2/21/2025	-5%	1%	22%	22%	-23%	371
12/18/2024	-6%	3%	7%	16%	-17%	30
6/28/2024	-5%	5%	-11%	3%	-28%	19
11/28/2023	-5%	1%	8%	17%	-6%	129
12/8/2022	-6%	1%	-2%	11%	-14%	314
9/1/2022	-8%	-4%	8%	14%	-14%	75
6/17/2022	-6%	-17%	6%	32%	-6%	151
8/16/2021	-5%	8%	71%	88%	-5%	295
8/28/2020	-5%	13%	59%	78%	-17%	307
1/27/2020	-6%	7%	0%	10%	-62%	353
12/3/2019	-9%	4%	-12%	20%	-62%	35
5/1/2019	-6%	8%	-47%	0%	-72%	0
10/23/2018	-9%	-2%	-37%	1%	-42%	15
8/15/2018	-8%	4%	-41%	13%	-43%	49
2/5/2018	-5%	3%	-7%	29%	-23%	240
3/3/2017	-7%	9%	-7%	7%	-21%	326
11/4/2016	-5%	-4%	9%	24%	-11%	35
8/31/2016	-8%	3%	-13%	18%	-16%	100
7/21/2016	-5%	4%	-8%	19%	-12%	141
12/7/2015	-6%	6%	19%	19%	-24%	365
6/29/2015	-7%	0%	-26%	0%	-45%	1
9/12/2014	-6%	2%	-43%	1%	-46%	4
2/3/2014	-6%	-1%	-5%	28%	-19%	140
6/24/2013	-5%	1%	38%	41%	0%	364
11/14/2012	-6%	-4%	40%	40%	0%	365
4/16/2012	-6%	5%	12%	24%	-13%	304
1/26/2012	-7%	3%	12%	12%	-18%	369
8/4/2011	-12%	-11%	-11%	5%	-25%	203
5/16/2011	-6%	0%	-23%	10%	-31%	67
5/20/2010	-9%	-3%	55%	68%	-3%	344
2/5/2010	-6%	-2%	45%	46%	-8%	362
7/23/2008	-8%	-8%	-42%	4%	-65%	7
3/24/2008	-5%	-9%	-52%	38%	-62%	91
1/16/2008	-6%	-8%	-49%	43%	-57%	159
8/15/2007	-6%	-7%	14%	53%	-4%	313

[1] Dip event: the stock fell more than 5.0% over 60 trading days. A new event is counted only when it comes more than 30 calendar days after the previous one.
[2] Analysis for period from 1/1/2005 to 10/6/2026

FXN had 16 events since 5/10/2007 where the dip threshold of -10% within 90 trading 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 Trading-Day Dip			FXN Subsequent Performance
Date	FXN	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			3%	12%	-19%	183
4/3/2025	-14%	-9%	45%	58%	-14%	358
8/7/2024	-10%	-1%	-5%	10%	-21%	163
1/18/2024	-11%	8%	16%	24%	0%	78
3/8/2023	-10%	5%	10%	14%	-11%	224
9/26/2022	-11%	-10%	24%	33%	0%	50
9/24/2020	-12%	11%	105%	114%	0%	280
1/24/2020	-13%	11%	-1%	6%	-64%	356
5/23/2019	-14%	10%	-40%	2%	-69%	39
10/24/2018	-11%	-4%	-33%	6%	-39%	14
4/13/2017	-10%	7%	6%	13%	-16%	285
6/29/2015	-11%	-1%	-26%	0%	-45%	1
10/7/2014	-11%	1%	-30%	1%	-42%	1
5/14/2012	-11%	5%	27%	30%	-9%	276
8/4/2011	-13%	-8%	-11%	5%	-25%	203
5/19/2010	-12%	-2%	46%	59%	-8%	345
8/18/2008	-11%	-5%	-37%	10%	-62%	3

[1] Dip event: the stock fell more than 10% over 90 trading days. A new event is counted only when it comes more than 30 calendar days after the previous one.
[2] Analysis for period from 1/1/2005 to 10/6/2026

FXN had 9 events since 5/10/2007 where the dip threshold of -20% within 180 trading 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 Trading-Day Dip			FXN Subsequent Performance
Date	FXN	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			5%	21%	-17%	144
4/4/2025	-26%	-8%	63%	77%	-4%	357
12/20/2018	-21%	-6%	-7%	22%	-21%	124
8/18/2017	-23%	12%	34%	43%	-1%	325
7/10/2015	-21%	9%	-21%	3%	-42%	4
12/8/2014	-22%	12%	-27%	18%	-28%	144
4/9/2012	-21%	4%	15%	19%	-17%	311
11/25/2011	-21%	-10%	5%	21%	-10%	90
9/28/2011	-20%	-8%	15%	28%	-9%	148
9/16/2008	-20%	-16%	-13%	13%	-55%	6

[1] Dip event: the stock fell more than 20% over 180 trading days. A new event is counted only when it comes more than 30 calendar days after the previous one.
[2] Analysis for period from 1/1/2005 to 10/6/2026

Get Notified
Alerts when dip buy opportunities arise.

Notify Me →

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
DIA	State Street SPDR Dow Jones Industrial Average ETF Trust	-5.1%	514.56	10062026	542.36	8052026	62
IJH	iShares Core S&P Mid-Cap ETF	-5.9%	74.00	10062026	78.67	8162026	51
MDY	State Street SPDR S&P MIDCAP 400 ETF Trust	-5.8%	675.00	10062026	716.91	8162026	51
SCHM	Schwab U.S. Mid-Cap ETF	-5.4%	34.88	10062026	36.87	6302026	98
IVOO	Vanguard S&P Mid-Cap 400 ETF	-5.6%	125.26	10062026	132.68	8162026	51
IJR	iShares Core S&P Small-Cap ETF	-7.7%	138.85	10062026	150.44	8162026	51
VB	Vanguard Small-Cap ETF	-5.6%	291.07	10062026	308.38	8162026	51
IWM	iShares Russell 2000 ETF	-7.8%	281.34	10062026	305.09	8162026	51
SCHA	Schwab U.S. Small-Cap ETF	-8.4%	33.10	10062026	36.13	6302026	98
VTWO	Vanguard Russell 2000 ETF	-7.5%	113.64	10062026	122.90	8162026	51
DFAS	Dimensional U.S. Small Cap ETF	-6.5%	79.01	10062026	84.48	8162026	51
ESML	iShares ESG Aware MSCI USA Small-Cap ETF	-6.4%	53.04	10062026	56.64	8162026	51
NUSC	Nuveen ESG Small-Cap ETF	-7.1%	49.51	10062026	53.27	8162026	51
AKRE	Akre Focus ETF	-13.1%	53.76	10062026	61.85	8302026	37
IJK	iShares S&P Mid-Cap 400 Growth ETF	-5.1%	113.06	10062026	119.11	8172026	50
IWO	iShares Russell 2000 Growth ETF	-8.9%	360.53	10062026	395.65	8162026	51
VBK	Vanguard Small-Cap Growth ETF	-5.0%	347.44	10062026	365.91	8172026	50
IJT	iShares S&P Small-Cap 600 Growth ETF	-8.4%	163.95	10062026	179.07	8042026	63
SLYG	State Street SPDR S&P 600 Small Cap Growth ETF	-8.5%	109.38	10062026	119.50	8042026	63
IWS	iShares Russell Mid-Cap Value ETF	-5.2%	164.46	10062026	173.44	8162026	51
IJJ	iShares S&P Mid-Cap 400 Value ETF	-6.9%	141.26	10062026	151.67	8162026	51
MDYV	State Street SPDR S&P 400 Mid Cap Value ETF	-6.8%	90.73	10062026	97.39	8162026	51
VBR	Vanguard Small-Cap Value ETF	-6.1%	235.28	10062026	250.56	8162026	51
AVUV	Avantis U.S. Small Cap Value ETF	-6.4%	120.47	10062026	128.74	8042026	63
IWN	iShares Russell 2000 Value ETF	-6.6%	212.37	10062026	227.43	8162026	51
IJS	iShares S&P Small-Cap 600 Value ETF	-7.2%	130.57	10062026	140.68	8162026	51
SLYV	State Street SPDR S&P 600 Small Cap Value ETF	-7.2%	104.13	10062026	112.22	8162026	51
VIOV	Vanguard S&P Small-Cap 600 Value ETF	-6.8%	112.12	10062026	120.28	8162026	51
AVIV	Avantis International Large Cap Value ETF	-5.2%	79.56	10062026	83.89	8252026	42
VGK	Vanguard FTSE Europe ETF	-6.9%	86.58	10062026	92.96	8252026	42
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-12.5%	32.65	10062026	37.30	6222026	106
EWY	iShares MSCI South Korea ETF	-15.0%	186.40	10062026	219.20	6212026	107
FXI	iShares China Large-Cap ETF	-11.7%	33.77	10062026	38.26	5132026	146
KWEB	KraneShares CSI China Internet ETF	-19.8%	24.54	10062026	30.59	5132026	146
SCHD	Schwab US Dividend Equity ETF	-6.7%	32.85	10062026	35.21	8242026	43
DVY	iShares Select Dividend ETF	-7.0%	153.92	10062026	165.50	8162026	51
SDY	State Street SPDR S&P Dividend ETF	-6.8%	148.39	10062026	159.18	8242026	43
NOBL	ProShares S&P 500 Dividend Aristocrats ETF	-7.3%	54.75	10062026	59.07	8242026	43
SCHY	Schwab International Dividend Equity ETF	-7.0%	31.40	10062026	33.78	8252026	42
COWZ	Pacer US Cash Cows 100 ETF	-6.2%	67.92	10062026	72.40	8302026	37
MTUM	iShares MSCI USA Momentum Factor ETF	-6.0%	324.45	10062026	345.22	6222026	106
FNDA	Schwab Fundamental U.S. Small Company ETF	-6.9%	35.87	10062026	38.52	8162026	51
SPMO	Invesco S&P 500 Momentum ETF	-5.4%	152.99	10062026	161.66	6222026	106
MOAT	VanEck Morningstar Wide Moat ETF	-6.0%	108.24	10062026	115.14	8272026	40
SPGP	Invesco S&P 500 GARP ETF	-5.9%	121.40	10062026	129.02	8132026	54
URA	Global X Uranium ETF	-28.3%	41.80	10062026	58.26	5062026	153
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-13.1%	36.17	10062026	41.63	5132026	146
ROBO	ROBO Global Robotics & Automation Index ETF	-7.7%	83.40	10062026	90.34	6022026	126
LIT	Global X Lithium & Battery Tech ETF	-22.4%	71.07	10062026	91.62	5112026	148
ICLN	iShares Global Clean Energy ETF	-26.1%	17.54	10062026	23.75	6022026	126
ARKQ	ARK Autonomous Technology & Robotics ETF	-11.6%	127.20	10062026	143.82	5282026	131
ARKX	ARK Space & Defense Innovation ETF	-12.0%	33.23	10062026	37.74	5282026	131
NASA	Tema Space Innovators ETF	-38.0%	25.96	10062026	41.89	5272026	132
DRSK	Aptus Defined Risk ETF	-7.1%	27.29	10062026	29.39	6012026	127
ALLW	SSGA Active Trust State Street Bridgewater All Weather ETF	-5.4%	28.80	10062026	30.44	8252026	42
PCEF	Invesco CEF Income Composite ETF	-5.0%	19.44	10062026	20.47	8132026	54
YYY	Amplify CEF High Income ETF	-8.8%	10.37	10062026	11.37	8162026	51
GDE	WisdomTree Efficient Gold Plus Equity Strategy Fund	-8.7%	65.13	10062026	71.30	8252026	42
XLF	State Street Financial Select Sector SPDR ETF	-7.8%	54.01	10062026	58.56	9032026	33
XLI	State Street Industrial Select Sector SPDR ETF	-8.0%	171.58	10062026	186.51	8162026	51
XLC	State Street Communication Services Select Sector SPDR ETF	-6.0%	111.65	10062026	118.79	4192026	170
XLY	State Street Consumer Discretionary Select Sector SPDR ETF	-8.3%	111.72	10062026	121.82	5282026	131
XLP	State Street Consumer Staples Select Sector SPDR ETF	-6.5%	81.80	10062026	87.45	8242026	43
XLU	State Street Utilities Select Sector SPDR ETF	-12.1%	41.16	10062026	46.85	4092026	180
XLB	State Street Materials Select Sector SPDR ETF	-7.3%	49.73	10062026	53.67	8262026	41
IYJ	iShares U.S. Industrials ETF	-7.0%	157.92	10062026	169.86	8042026	63
IYM	iShares U.S. Basic Materials ETF	-7.1%	182.42	10062026	196.45	8252026	42
FXN	First Trust Energy AlphaDEX Fund	-5.6%	22.98	10062026	24.35	9152026	21
SMH	VanEck Semiconductor ETF	-5.4%	632.50	10062026	668.91	6222026	106
SOXX	iShares Semiconductor ETF	-10.0%	589.45	10062026	655.01	6222026	106
IBB	iShares Biotechnology ETF	-6.4%	203.10	10062026	216.96	8192026	48
XBI	State Street SPDR S&P Biotech ETF	-11.0%	150.90	10062026	169.55	8192026	48
ITA	iShares U.S. Aerospace & Defense ETF	-17.8%	208.26	10062026	253.22	8162026	51
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	-5.6%	188.46	10062026	199.70	9152026	21
IYT	iShares U.S. Transportation ETF	-11.5%	79.69	10062026	90.01	7162026	82
IAI	iShares U.S. Broker-Dealers & Securities Exchanges ETF	-10.2%	177.79	10062026	198.06	9032026	33
KRE	State Street SPDR S&P Regional Banking ETF	-10.1%	70.07	10062026	77.93	8162026	51
MISL	First Trust Indxx Aerospace & Defense ETF	-13.5%	42.57	10062026	49.19	5282026	131
RING	iShares MSCI Global Gold Miners ETF	-17.2%	77.12	10062026	93.17	8252026	42
SOXQ	Invesco PHLX Semiconductor ETF	-9.6%	104.03	10062026	115.11	6222026	106
IGOV	iShares International Treasury Bond ETF	-5.6%	39.89	10062026	42.27	5102026	149
BOND	PIMCO Active Bond Exchange-Traded Fund	-5.2%	86.65	10062026	91.42	6292026	99
IEF	iShares 7-10 Year Treasury Bond ETF	-5.2%	89.12	10062026	93.99	4192026	170
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	-5.4%	102.14	10062026	107.93	6292026	99
TLT	iShares 20+ Year Treasury Bond ETF	-10.2%	77.28	10062026	86.10	6292026	99
VGLT	Vanguard Long-Term Treasury ETF	-9.3%	49.79	10062026	54.89	6292026	99
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-9.3%	23.70	10062026	26.13	6292026	99
TLH	iShares 10-20 Year Treasury Bond ETF	-8.2%	91.56	10062026	99.78	6292026	99
EDV	Vanguard World Funds Extended Duration ETF	-15.7%	54.38	10062026	64.54	6242026	104
VCLT	Vanguard Long-Term Corporate Bond ETF	-8.2%	68.39	10062026	74.47	6292026	99
SPLB	State Street SPDR Portfolio Long Term Corporate Bond ETF	-8.3%	20.34	10062026	22.18	6292026	99
IGLB	iShares 10+ Year Investment Grade Corporate Bond ETF	-8.0%	45.57	10062026	49.56	6292026	99
MUB	iShares National Muni Bond ETF	-5.3%	101.02	10062026	106.69	7062026	92
VTEB	Vanguard Tax-Exempt Bond Index Fund	-5.5%	47.33	10062026	50.10	7062026	92
TFI	State Street SPDR Nuveen ICE Municipal Bond ETF	-5.7%	42.74	10062026	45.31	7052026	93
ITM	VanEck Intermediate Muni ETF	-5.4%	44.15	10062026	46.65	7062026	92
LMUB	iShares Long-Term National Muni Bond ETF	-8.2%	46.48	10062026	50.63	7052026	93
GLD	SPDR Gold Trust	-14.3%	382.27	10062026	445.93	4192026	170
IAU	iShares Gold Trust	-14.2%	78.37	10062026	91.34	4192026	170
GLDM	SPDR Gold MiniShares Trust	-14.2%	82.45	10062026	96.04	4192026	170
SLV	iShares Silver Trust	-30.1%	55.45	10062026	79.35	5132026	146
PPLT	ETFS Physical Platinum Shares	-20.9%	15.47	10062026	19.55	5132026	146
PALL	ETFS Physical Palladium Shares	-26.5%	21.25	10062026	28.89	4142026	175
USO	United States Oil Fund LP	-10.5%	144.91	10062026	161.86	9152026	21
UNG	United States Natural Gas Fund LP	-11.4%	10.74	10062026	12.12	6042026	124
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	10062026	60.13	5042026	155
VNQ	Vanguard Real Estate ETF	-10.1%	89.93	10062026	100.08	7282026	70
XLRE	State Street Real Estate Select Sector SPDR ETF	-10.7%	41.10	10062026	46.01	7282026	70
SCHH	Schwab U.S. REIT ETF	-11.3%	22.06	10062026	24.86	7262026	72
IYR	iShares U.S. Real Estate ETF	-11.2%	95.26	10062026	107.26	7282026	70
REET	iShares Global REIT ETF	-10.9%	25.74	10062026	28.89	7262026	72
USRT	iShares Core U.S. REIT ETF	-11.6%	61.69	10062026	69.82	7262026	72
ETHA	iShares Ethereum Trust ETF	-66.2%	20.43	10062026	60.45	9282026	8

ETF Fund Flows

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

Net fund flows · as of 2026-10-06

Asset allocation rotation · Past week

Equity ETFs drew the largest net inflows (+$12.7B), followed by Bond (+$8.8B), while Crypto (−$158M) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$5.7B) and out of US Nasdaq Growth (−$3.5B).
Relative to fund size, USO drew the largest inflow (+15.5% of AUM) and JNK the largest outflow (−10.7%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$8.78B	+0.8%
2	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$2.4B	+1.4%
3	VTEB	Vanguard Tax-Exempt Bond ETF	Bond Municipal	+$1.57B	+3.2%
4	XLK	State Street Technology Select Sector SPDR ETF	Equity Broad Sector	+$1.48B	+1.1%
5	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$1.48B	+1.3%
6	ARKK	ARK Innovation ETF	Equity Thematic	+$1.36B	+14.7%
7	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$1.33B	+2.8%
8	MUB	iShares National Muni Bond ETF	Bond Municipal	+$1.31B	+2.7%
9	XLU	State Street Utilities Select Sector SPDR ETF	Equity Broad Sector	+$1.29B	+5.7%
10	BIL	State Street SPDR Bloomberg 1-3 Month T-Bill ETF	Cash	+$1.14B	+2.2%

#	Ticker	Name	Type	Net flow	% of AUM
1	USO	United States Oil Fund, LP	Commodity Energy	+$262M	+15.5%
2	ARKK	ARK Innovation ETF	Equity Thematic	+$1.36B	+14.7%
3	TGRW	T. Rowe Price Growth Stock ETF	Other	+$138M	+11.6%
4	FLGV	Franklin U.S. Treasury Bond ETF	Other	+$125M	+10.8%
5	AIS	VistaShares Artificial Intelligence Supercycle ETF	Other	+$117M	+10.5%
6	VTES	Vanguard Short-Term Tax-Exempt Bond ETF	Other	+$388M	+10.3%
7	ARKW	ARK Next Generation Internet ETF	Equity Thematic	+$203M	+9.5%
8	EVLN	Eaton Vance Floating-Rate ETF	Other	+$150M	+8.9%
9	FTXN	First Trust Nasdaq Oil & Gas ETF	Other	+$92M	+8.5%
10	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$161M	+8.2%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	-$4.34B	-0.9%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	-$3.62B	-0.4%
3	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$1.73B	-0.2%
4	XLF	State Street Financial Select Sector SPDR ETF	Equity Broad Sector	-$1.27B	-2.5%
5	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	-$1.22B	-2.5%
6	PBUS	Invesco MSCI USA ETF	Other	-$797M	-7.4%
7	IQMM	ProShares - GENIUS Money Market ETF	Other	-$777M	-3.8%
8	MBB	iShares MBS ETF	Bond Mortgage Backed	-$717M	-2.0%
9	JNK	State Street SPDR Bloomberg High Yield Bond ETF	Bond High Yield Corporate	-$629M	-10.7%
10	PVAL	Putnam Focused Large Cap Value ETF	Other	-$602M	-4.1%

#	Ticker	Name	Type	Net flow	% of AUM
1	JNK	State Street SPDR Bloomberg High Yield Bond ETF	Bond High Yield Corporate	-$629M	-10.7%
2	TDVG	T. Rowe Price Dividend Growth ETF	Other	-$131M	-10.1%
3	IWX	iShares Russell Top 200 Value ETF	Other	-$369M	-10.1%
4	PBUS	Invesco MSCI USA ETF	Other	-$797M	-7.4%
5	MTBA	Simplify MBS ETF	Other	-$74M	-7.3%
6	KRE	State Street SPDR S&P Regional Banking ETF	Equity Industry Subsector	-$261M	-7.3%
7	VCLT	Vanguard Long-Term Corporate Bond ETF	Bond Long Corporate	-$538M	-6.8%
8	FETH	Fidelity Ethereum Fund	Other	-$93M	-6.0%
9	BBAG	JPMorgan BetaBuilders U.S. Aggregate Bond ETF	Other	-$52M	-5.1%
10	GSID	Goldman Sachs MarketBeta International Equity ETF	Other	-$52M	-5.0%

Asset allocation rotation · Past month

Equity ETFs drew the largest net inflows (+$54.8B), followed by Bond (+$26.5B), with every major asset class in net inflows.
Within the mix, money rotated into US Large Cap Core (+$16.1B) and out of Factor Smart Beta (−$4.7B).
Relative to fund size, CORO drew the largest inflow (+56.3% of AUM) and BKAG the largest outflow (−35.2%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$24.85B	+2.9%
2	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$8.66B	+5.0%
3	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$5.73B	+5.2%
4	IUSB	iShares Core Universal USD Bond ETF	Bond Core Plus Multisector	+$5.63B	+12.8%
5	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$5.57B	+0.8%
6	ACWX	iShares MSCI ACWI ex U.S. ETF	Other	+$5.55B	+44.3%
7	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$4.82B	+56.3%
8	VTEB	Vanguard Tax-Exempt Bond ETF	Bond Municipal	+$4.47B	+9.6%
9	MUB	iShares National Muni Bond ETF	Bond Municipal	+$4.2B	+9.2%
10	BIL	State Street SPDR Bloomberg 1-3 Month T-Bill ETF	Cash	+$3.87B	+8.0%

#	Ticker	Name	Type	Net flow	% of AUM
1	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$4.82B	+56.3%
2	ACWX	iShares MSCI ACWI ex U.S. ETF	Other	+$5.55B	+44.3%
3	VTES	Vanguard Short-Term Tax-Exempt Bond ETF	Other	+$1.27B	+40.1%
4	BLCR	iShares Large Cap Core Active ETF	Other	+$2.72B	+39.3%
5	GGOV	iShares Global Government Bond USD Hedged Active ETF	Bond International	+$1.01B	+32.5%
6	ZROZ	PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund	Other	+$482M	+28.7%
7	ARKK	ARK Innovation ETF	Equity Thematic	+$2.3B	+27.0%
8	XTEN	BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF	Other	+$259M	+23.4%
9	DBMF	iMGP DBi Managed Futures Strategy ETF	Other	+$1.16B	+23.0%
10	VSDM	Vanguard Municipal Bond Funds - Vanguard Short Duration Tax-Exempt Bond ETF	Other	+$237M	+22.9%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$20.92B	-2.0%
2	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$5.3B	-22.1%
3	MBB	iShares MBS ETF	Bond Mortgage Backed	-$2.67B	-6.9%
4	USHY	iShares Broad USD High Yield Corporate Bond ETF	Bond High Yield Corporate	-$2.17B	-8.0%
5	EWY	iShares MSCI South Korea ETF	Equity Emerging Markets	-$1.84B	-6.9%
6	EFG	iShares MSCI EAFE Growth ETF	Other	-$1.36B	-8.4%
7	VCIT	Vanguard Intermediate-Term Corporate Bond ETF	Bond Intermediate Corporate	-$1.34B	-2.0%
8	XLF	State Street Financial Select Sector SPDR ETF	Equity Broad Sector	-$1.31B	-2.5%
9	DRAM	Roundhill Memory ETF	Other	-$1.26B	-4.8%
10	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$1.23B	-4.4%

#	Ticker	Name	Type	Net flow	% of AUM
1	BKAG	BNY Mellon Core Bond ETF	Other	-$854M	-35.2%
2	MTBA	Simplify MBS ETF	Other	-$367M	-29.9%
3	SCMB	Schwab Municipal Bond ETF	Other	-$929M	-28.2%
4	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$5.3B	-22.1%
5	QTEC	First Trust NASDAQ-100-Technology Sector Index Fund	Other	-$906M	-19.9%
6	IGOV	iShares International Treasury Bond ETF	Bond International	-$196M	-14.8%
7	IYZ	iShares U.S. Telecommunications ETF	Other	-$162M	-14.8%
8	CTA	Simplify Managed Futures Strategy ETF	Other	-$207M	-14.5%
9	IWX	iShares Russell Top 200 Value ETF	Other	-$535M	-13.8%
10	SBIL	Simplify Government Money Market ETF	Other	-$615M	-13.6%

Asset allocation rotation · Past 3 months

Equity ETFs drew the largest net inflows (+$138.7B), followed by Bond (+$64.7B), with every major asset class in net inflows.
Within the mix, money rotated into US Large Cap Core (+$30.3B) and out of Intermediate Treasury (−$3.7B).
Relative to fund size, CNEQ drew the largest inflow (+142.0% of AUM) and FTXL the largest outflow (−71.6%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$29.36B	+2.8%
2	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$17.0B	+16.3%
3	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$16.29B	+9.6%
4	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$16.05B	+2.3%
5	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$10.12B	+9.3%
6	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$9.93B	+21.7%
7	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$9.7B	+1.2%
8	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$8.43B	+8.1%
9	GLD	SPDR Gold Shares	Commodity Gold	+$8.21B	+5.7%
10	BND	Vanguard Total Bond Market ETF	Bond US Aggregate Core	+$8.06B	+5.0%

#	Ticker	Name	Type	Net flow	% of AUM
1	CNEQ	Alger Concentrated Equity ETF	Other	+$2.51B	+142.0%
2	FINA	Fidelity MSCI North American Subset Index ETF	Other	+$1.25B	+85.0% ⚠
3	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$1.33B	+81.6%
4	BFLX	iShares Flexible Equity Active ETF	Other	+$1.42B	+76.0%
5	VTES	Vanguard Short-Term Tax-Exempt Bond ETF	Other	+$1.72B	+74.7%
6	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$5.36B	+64.5%
7	BKGI	BNY Mellon Global Infrastructure Income ETF	Other	+$833M	+61.1%
8	XAGG	Morgan Stanley ETF Trust - Eaton Vance Strategic Income Opportunities ETF	Other	+$780M	+55.1%
9	ZROZ	PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund	Other	+$838M	+52.1%
10	ACWX	iShares MSCI ACWI ex U.S. ETF	Other	+$6.22B	+50.5%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$25.69B	-2.9%
2	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$6.96B	-28.0%
3	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$5.24B	-16.0%
4	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	-$4.1B	-0.8%
5	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$3.38B	-7.9%
6	MBB	iShares MBS ETF	Bond Mortgage Backed	-$2.02B	-5.2%
7	USHY	iShares Broad USD High Yield Corporate Bond ETF	Bond High Yield Corporate	-$1.82B	-6.4%
8	XLF	State Street Financial Select Sector SPDR ETF	Equity Broad Sector	-$1.8B	-3.2%
9	KRE	State Street SPDR S&P Regional Banking ETF	Equity Industry Subsector	-$1.44B	-33.5%
10	SCZ	iShares MSCI EAFE Small-Cap ETF	Equity International Small Cap	-$1.42B	-10.7%

#	Ticker	Name	Type	Net flow	% of AUM
1	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$954M	-71.6%
2	USO	United States Oil Fund, LP	Commodity Energy	-$794M	-39.1%
3	XOVR	ERShares Private-Public Crossover ETF	Equity Thematic	-$648M	-36.1%
4	TAN	Invesco Solar ETF	Other	-$439M	-34.0%
5	KRE	State Street SPDR S&P Regional Banking ETF	Equity Industry Subsector	-$1.44B	-33.5%
6	MTBA	Simplify MBS ETF	Other	-$466M	-31.8%
7	SNXX	Tradr 2X Long SNDK Daily ETF	Other	-$592M	-30.4%
8	RSPN	Invesco S&P 500 Equal Weight Industrials ETF	Other	-$308M	-29.0%
9	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$6.96B	-28.0%
10	LCTU	iShares U.S. Carbon Transition Readiness Aware Active ETF	Other	-$336M	-27.1%

Largest ETF fund flows across ~2649 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Dip buy opportunities on FXN

Dip buy opportunities across sector ETFs

Quarterly SPY valuation update

Quarterly asset allocation considerations

Inform Me Once

Trefis High Quality Strategy

Asset Allocation Audit

Asset Rotation Strategies

Tax-Efficient Strategies

About FXN

Holdings Count: 39
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
OPCH	Option Care Health	4.7	32.6%	-2.7%
STDN	Standard Nuclear	2.4	16.8%	23.5%
HTZ	Hertz Global	0.7	15.1%	-59.9%
FCEL	FuelCell Energy	1.5	14.3%	182.5%
CIEN	Ciena	63.0	13.8%	89.7%
SWRD	Stewards	0.6	13.2%	-48.0%
TLN	Talen Energy	17.1	12.4%	-0.5%
CTVA	Corteva	9.3	12.3%	-79.1%
CEG	Constellation Energy	108.1	12.2%	-14.6%
XNDU	Xanadu Quantum Technologies	1.5	11.9%	-56.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
AVBP	ArriVent BioPharma	0.7	-47.0%	-25.0%
TWST	Twist Bioscience	10.4	-18.6%	426.4%
TXG	10x Genomics	10.5	-17.5%	394.5%
DNA	Ginkgo Bioworks	0.8	-17.2%	49.3%
ALMR	Alamar Biosciences	1.9	-15.4%	46.6%
APMD	Apnimed	0.7	-14.3%	-25.4%
TEM	Tempus AI	13.0	-13.8%	21.9%
NEO	NeoGenomics	2.1	-13.7%	40.3%
SYRE	Spyre Therapeutics	6.8	-13.6%	144.5%
ACRS	Aclaris Therapeutics	0.5	-13.3%	22.9%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
PACB	Pacific Biosciences of California	0.8	47.5%	44.4%
PTC	PTC	22.1	40.3%	10.8%
RXO	RXO	4.8	37.8%	125.8%
OPCH	Option Care Health	4.7	35.9%	-2.7%
AAOI	Applied Optoelectronics	10.6	29.3%	273.4%
STDN	Standard Nuclear	2.4	26.4%	23.5%
CIEN	Ciena	63.0	25.0%	89.7%
MTSI	MACOM Technology Solutions	26.8	23.4%	104.7%
HTZ	Hertz Global	0.7	22.6%	-59.9%
FCEL	FuelCell Energy	1.5	22.2%	182.5%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
LQDA	Liquidia	2.3	-63.3%	-24.9%
AVBP	ArriVent BioPharma	0.7	-48.9%	-25.0%
EMAT	Evolution Metals & Technologies	1.2	-34.0%	-91.0%
NKTR	Nektar Therapeutics	1.3	-32.6%	-5.6%
ACRS	Aclaris Therapeutics	0.5	-29.9%	22.9%
GLAS	Glass House Brands	0.5	-24.0%	-41.7%
APMD	Apnimed	0.7	-22.0%	-25.4%
SPHR	Sphere Entertainment	3.8	-21.5%	10.8%
IART	Integra Lifesciences	1.0	-20.0%	7.2%
SECZ	Securitize	1.9	-19.8%	3.3%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
MYPS	PLAYSTUDIOS	0.6	780.8%	602.5%
KOD	Kodiak Sciences	5.8	161.1%	230.3%
PACB	Pacific Biosciences of California	0.8	100.0%	44.4%
DNA	Ginkgo Bioworks	0.8	78.6%	49.3%
MXL	MaxLinear	9.8	74.2%	527.1%
SECZ	Securitize	1.9	71.2%	3.3%
GRAL	GRAIL	5.9	70.9%	60.4%
VICR	Vicor	13.7	58.7%	173.1%
BALY	Ballys	0.8	53.2%	-15.3%
PS	Pershing Square	23.9	52.9%	147.8%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
CTVA	Corteva	9.3	-84.2%	-79.1%
LQDA	Liquidia	2.3	-62.3%	-24.9%
AVBP	ArriVent BioPharma	0.7	-51.2%	-25.0%
QURE	uniQure	1.5	-48.2%	-3.6%
XNDU	Xanadu Quantum Technologies	1.5	-47.9%	-56.0%
NKTR	Nektar Therapeutics	1.3	-46.2%	-5.6%
GLAS	Glass House Brands	0.5	-41.9%	-41.7%
ACRS	Aclaris Therapeutics	0.5	-40.0%	22.9%
XENE	Xenon Pharmaceuticals	3.6	-38.8%	-18.4%
ALHC	Alignment Healthcare	1.7	-38.2%	-57.6%

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	170.2	130.2	50.0	42.8	40.2	46.4
Expense Ratio	0.63%	0.09%	0.08%	0.08%	0.08%	0.08%	0.08%
10-D Avg Volume (Mil)	1.28	4.46	9.63	34.53	9.57	31.74	9.60
Latest Day Volume (Mil)	0.38	4.29	8.93	30.27	7.14	29.22	8.03
Holdings Count	39	310	74	76	61	21	68
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	21.91	129.16	199.82	53.46	166.09	62.82	-
Premium/Discount	4.9%	0.5%	1.1%	1.0%	0.6%	1.5%	1.1%
Distribution Yield	1.6%	0.3%	0.4%	1.5%	1.5%	2.4%	1.5%
Sales Yield	63.0%	76.8%	92.7%	31.1%	60.8%	57.0%	61.9%
Earnings Yield	7.5%	10.0%	11.9%	6.7%	3.1%	5.6%	7.1%

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	1.3x	1.1x	3.2x	1.6x	1.8x	1.6x
P/E (TTM)	13.4x	10.0x	8.4x	14.9x	32.1x	17.7x	14.2x
P/FCF (TTM)	12.8x	4.5x	3.6x	32.3x	22.3x	17.1x	14.9x
Forward P/E	11.0x	3.6x	2.9x	13.9x	17.7x	13.8x	12.4x
Forward P/S	1.5x	1.0x	0.8x	3.1x	1.6x	1.6x	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)	23.6%	24.9%	26.5%	14.8%	15.7%	21.9%	22.8%
Volatility (3Y)	25.7%	24.6%	25.1%	16.1%	14.8%	21.8%	23.2%
Volatility (5Y)	28.4%	25.9%	25.9%	18.3%	15.2%	25.5%	25.7%
Beta (1Y)	-0.07	1.68	1.73	0.62	0.28	-0.29	0.45
Beta (3Y)	0.71	1.49	1.49	0.78	0.45	0.45	0.75
Beta (5Y)	0.79	1.41	1.39	0.86	0.54	0.57	0.82
Sharpe Ratio (1Y)	1.63	1.42	1.47	0.19	1.07	1.85	1.44
Sharpe Ratio (3Y)	0.57	1.39	1.35	1.17	0.76	0.77	0.97
Sharpe Ratio (5Y)	0.71	0.88	0.92	0.56	0.53	0.95	0.79
Max Drawdown (1Y)	-13.4%	-16.4%	-15.9%	-14.8%	-10.5%	-15.0%	-14.9%
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	-3.7%	7.2%	7.9%	-7.0%	-2.5%	-0.5%	-1.5%
3M Return	9.6%	12.5%	11.4%	-1.7%	3.0%	14.7%	10.5%
6M Return	3.5%	44.9%	47.2%	8.7%	14.5%	6.7%	11.6%
YTD Return	40.5%	38.2%	40.6%	-0.5%	8.9%	44.6%	39.4%
1Y Return	42.8%	38.0%	42.5%	1.8%	16.9%	46.6%	40.2%
2Y Return	44.4%	83.3%	85.3%	23.1%	12.4%	50.0%	47.2%
3Y Return	40.4%	154.3%	150.8%	70.0%	35.9%	54.1%	62.1%

Short Interest

Short Interest: As Of Date	9152026
Short Interest: Shares Quantity	0.1 Mil
Short Interest: % Change Since 8312026	176.9%
Average Daily Volume	0.5 Mil
Days-to-Cover Short Interest	1

External Quote Links

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

Prefer one of these to Trefis? Tell us why.

First Trust Energy AlphaDEX Fund (FXN)

Market Price (10/7/2026): $22.83

First Trust Energy AlphaDEX Fund (FXN)

Market Price (10/7/2026): $22.83

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

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Inform Me Once

About FXN

Latest Trefis Analyses

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons

Profile

Fundamentals

Valuation

Risk

Returns

Short Interest

Returns Analyses

External Quote Links