First Trust Energy AlphaDEX Fund (FXN)

Market Price (7/24/2026): $22.06

First Trust Energy AlphaDEX Fund (FXN)

Market Price (7/24/2026): $22.06

Key Takeaways

FXN has returned +34.0% YTD vs +8.5% for SPY; +42.1% over the past 12 months (SPY +17.4%). details →
Priced in gold, FXN has returned -33.6% over the past 3 years, vs +40.0% in dollars — its dollar gains have lagged gold. details →
Over the past month, FXN has seen net outflows of −$331M (−86.1% 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: 7/23/2026.

Price Chart

ETF Price
Price/Gold

Asset Allocation with FXN

Risk Tolerance:

ConservativeModerateAggressive

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

10Y Return (ann.)

+8.2%

Volatility

22.1%

Sharpe

0.34

YTD

+19.7%

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%	-0.4%	4.2%	6.9%	34.0%
Bond	BND	50.0%	-0.2%	-0.8%	-1.0%	-0.5%
Gold	GLD	10.0%	-2.0%	1.8%	-1.5%	-6.3%
Commodity	DBC	2.5%	1.5%	6.5%	11.8%	35.6%
Real Estate	VNQ	5.0%	-0.3%	-1.4%	1.7%	13.7%
Bitcoin	BTCUSD	0.0%	-0.1%	3.5%	5.3%	-24.6%
Cash	GOVT	7.5%	-0.2%	-0.7%	-1.1%	-1.0%
Conservative Portfolio		100.0%	-0.4%	0.9%	1.4%	9.1%

	ETF	%	1D	1W	1M	YTD
Equity	FXN	55.0%	-0.4%	4.2%	6.9%	34.0%
Bond	BND	25.0%	-0.2%	-0.8%	-1.0%	-0.5%
Gold	GLD	7.0%	-2.0%	1.8%	-1.5%	-6.3%
Commodity	DBC	4.0%	1.5%	6.5%	11.8%	35.6%
Real Estate	VNQ	5.0%	-0.3%	-1.4%	1.7%	13.7%
Bitcoin	BTCUSD	2.0%	-0.1%	3.5%	5.3%	-24.6%
Cash	GOVT	2.0%	-0.2%	-0.7%	-1.1%	-1.0%
Moderate Portfolio		100.0%	-0.4%	2.5%	4.1%	19.7%

	ETF	%	1D	1W	1M	YTD
Equity	FXN	80.0%	-0.4%	4.2%	6.9%	34.0%
Bond	BND	5.0%	-0.2%	-0.8%	-1.0%	-0.5%
Gold	GLD	3.0%	-2.0%	1.8%	-1.5%	-6.3%
Commodity	DBC	2.2%	1.5%	6.5%	11.8%	35.6%
Real Estate	VNQ	4.5%	-0.3%	-1.4%	1.7%	13.7%
Bitcoin	BTCUSD	5.2%	-0.1%	3.5%	5.3%	-24.6%
Cash	GOVT	0.0%	-0.2%	-0.7%	-1.1%	-1.0%
Aggressive Portfolio		100.0%	-0.3%	3.7%	6.0%	27.1%

	ETF	%	Return	Volatility	Sharpe
Equity	FXN	25.0%	6.3%	37.7%	0.26
Bond	BND	50.0%	1.3%	5.2%	-0.25
Gold	GLD	10.0%	11.2%	15.0%	0.60
Commodity	DBC	2.5%	7.4%	17.6%	0.31
Real Estate	VNQ	5.0%	4.9%	17.6%	0.21
Bitcoin	BTCUSD	0.0%	58.6%	76.3%	0.92
Cash	GOVT	7.5%	0.3%	4.9%	-0.47
Conservative Portfolio		100.0%	5.2%	11.0%	0.26

	ETF	%	Return	Volatility	Sharpe
Equity	FXN	55.0%	6.3%	37.7%	0.26
Bond	BND	25.0%	1.3%	5.2%	-0.25
Gold	GLD	7.0%	11.2%	15.0%	0.60
Commodity	DBC	4.0%	7.4%	17.6%	0.31
Real Estate	VNQ	5.0%	4.9%	17.6%	0.21
Bitcoin	BTCUSD	2.0%	58.6%	76.3%	0.92
Cash	GOVT	2.0%	0.3%	4.9%	-0.47
Moderate Portfolio		100.0%	8.2%	22.1%	0.34

	ETF	%	Return	Volatility	Sharpe
Equity	FXN	80.0%	6.3%	37.7%	0.26
Bond	BND	5.0%	1.3%	5.2%	-0.25
Gold	GLD	3.0%	11.2%	15.0%	0.60
Commodity	DBC	2.2%	7.4%	17.6%	0.31
Real Estate	VNQ	4.5%	4.9%	17.6%	0.21
Bitcoin	BTCUSD	5.2%	58.6%	76.3%	0.92
Cash	GOVT	0.0%	0.3%	4.9%	-0.47
Aggressive Portfolio		100.0%	10.5%	31.8%	0.38

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

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

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

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

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

Learn More →

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

Learn More →

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

Valuation & Yield

	Forward [4,5]	Now	Historical (CYE & TTM)
	7/31/27	7/24/26	2025	2024	2023	2022	2021
Share Price CYE		$21.99	$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	1.45	1.60	1.34	1.37	1.27	1.24	1.39
P/E		15.94	14.93	12.03	7.27	7.37	21.29
P/E (Non-GAAP) [2]	10.96	12.64	13.30	13.24	9.09	11.21	14.57
P/FCF		15.53	14.33	19.16	10.94	8.77	11.55
Yields TTM
Earnings Yield	9.13%	6.28%	6.70%	8.31%	13.76%	13.57%	4.70%
Dividend Yield	1.35%	1.35%	2.54%	2.58%	3.26%	2.48%	0.97%
Total Yield (TY)	10.48%	7.63%	9.24%	10.89%	17.02%	16.06%	5.67%
Risk Premium [3]
Risk Free Rate (Rf)	4.67%	4.67%	4.18%	4.58%	3.88%	3.88%	1.52%
Risk Prem. (TY - Rf)	5.81%	2.96%	5.06%	6.31%	13.14%	12.18%	4.15%
Growth Rates [6]
Sales Growth	-2.0%	2.3%	2.8%	-4.2%	-10.7%	73.4%
Earnings Growth [7]	-4.0%	18.8%	-16.7%	-32.5%	-21.7%	1,078.0%

[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 6.28%, based on its 15.9x trailing P/E. With a 1.35% dividend yield, FXN is yielding 7.63% in total.

RISK

Compared to US Treasuries at 4.67%, FXN's total yield implies a reasonable 2.96% risk premium. Risk premiums at this level suggest valuations are not excessive.

FORWARD EXPECTATIONS

Based on analyst estimates, FXN's forward total yield is 10.48%, implying a 5.81% risk premium assuming stable Treasury rates.

Top 20 Holdings for FXN

Total Weights
Top 5: 24.2% | Top 10: 43.1% | Top 20: 72.9%

Ticker	Holding	ETF Weight	Sales Weight	Earnings Weight	Fwd P/S	Fwd P/E	Fwd Sales Growth	Fwd Earnings Growth
Total		99.13%	100.00%	100.00%	1.4	11.0	-2.0%	-4.0%
Top 20		72.92%	78.28%	84.57%	1.4	9.7	-3.1%	-5.9%
DINO	HF Sinclair	5.72%	15.87%	7.00%	0.5	8.5	-8.8%	-28.1%
APA	APA	4.87%	5.25%	9.26%	1.5	7.7	-9.4%	-24.9%
DVN	Devon Energy	4.77%	4.57%	6.21%	1.1	8.6	+14.6%	+9.7%
RRC	Range Resources	4.45%	2.57%	6.71%	2.5	9.4	+3.6%	+4.5%
EXE	Expand Energy	4.35%	4.59%	10.20%	1.6	9.9	-2.4%	-9.0%
AR	Antero Resources	4.30%	3.51%	6.10%	1.6	7.8	-0.1%	-8.6%
EQT	EQT	4.19%	1.94%	6.60%	3.5	12.3	+0.3%	-2.7%
CHRD	Chord Energy	3.53%	3.86%	—	1.4	8.4	-10.8%	-25.2%
COP	ConocoPhillips	3.48%	2.22%	2.77%	2.2	13.5	-6.2%	-7.1%
PR	Permian Resources	3.46%	1.63%	2.07%	2.7	10.9	+5.4%	+31.3%
OVV	Ovintiv	3.46%	3.07%	2.59%	1.8	8.7	-5.1%	-7.7%
MTDR	Matador Resources	3.40%	3.09%	4.12%	1.5	6.8	+13.4%	+64.8%
EOG	EOG Resources	3.40%	1.67%	3.86%	2.7	9.5	-4.7%	-14.4%
WFRD	Weatherford International	3.12%	3.91%	2.97%	1.2	12.8	+10.2%	+29.3%
PSX	Phillips 66	2.89%	7.54%	2.29%	0.6	10.6	-5.9%	-4.6%
FSLR	First Solar	2.83%	1.12%	3.41%	4.0	9.7	+16.8%	+36.7%
VLO	Valero Energy	2.81%	6.22%	2.08%	0.7	12.1	-10.4%	-37.8%
CVX	Chevron	2.67%	2.08%	1.22%	1.8	14.9	-9.1%	-16.1%
OXY	Occidental Petroleum	2.67%	1.51%	3.55%	2.3	12.1	-5.0%	-30.7%
XOM	ExxonMobil	2.55%	2.03%	1.56%	1.7	13.9	-6.3%	-6.9%

[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 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 7/23	1D Rtn	1M Rtn	YTD Rtn	1Y Rtn	3Y Rtn	5Y Rtn	10Y Rtn
FXN	First Trust Energy AlphaDEX Fund	100.00%	21.99	-0.4%	6.9%	34.0%	42.1%	40.0%	141.8%	92.7%
DINO	HF Sinclair	5.72%	89.09	-1.9%	35.7%	96.6%	102.1%	100.3%	273.9%	417.6%
APA	APA	4.87%	36.42	0.7%	7.2%	52.4%	96.3%	3.9%	132.7%
DVN	Devon Energy	4.77%	45.29	0.9%	4.4%	25.2%	39.8%	-5.6%	126.3%	80.4%
RRC	Range Resources	4.45%	38.87	0.3%	5.9%	10.8%	9.9%	32.6%	164.7%	1.2%
EXE	Expand Energy	4.35%	91.73	-1.5%	3.4%	-15.9%	-4.1%	19.8%	111.4%
AR	Antero Resources	4.30%	35.07	-0.6%	1.6%	1.8%	7.7%	43.6%	156.4%	34.9%
EQT	EQT	4.19%	53.39	-1.1%	3.3%	0.2%	4.0%	40.3%	182.7%	45.8%
CHRD	Chord Energy	3.53%	138.89	1.1%	11.6%	52.7%	33.1%	7.8%	140.1%
COP	ConocoPhillips	3.48%	120.20	1.2%	9.3%	30.4%	30.7%	15.0%	162.3%	311.6%
PR	Permian Resources	3.46%	21.37	-0.1%	11.4%	54.9%	64.4%	113.2%	349.0%	130.6%
OVV	Ovintiv	3.46%	61.39	1.5%	11.9%	58.3%	59.5%	57.6%	153.9%	98.0%
MTDR	Matador Resources	3.40%	51.71	-6.0%	2.6%	23.6%	5.9%	-2.8%	81.5%	178.7%
EOG	EOG Resources	3.40%	145.49	1.0%	8.7%	42.0%	26.6%	28.3%	154.1%	155.1%
WFRD	Weatherford International	3.12%	85.60	-1.7%	-4.2%	10.0%	48.6%	14.4%	435.3%	1,446.7%
PSX	Phillips 66	2.89%	206.98	-2.1%	21.5%	62.9%	67.4%	114.7%	246.4%	304.9%
FSLR	First Solar	2.83%	205.92	-1.4%	-17.4%	-21.2%	14.5%	4.2%	148.2%	329.1%
VLO	Valero Energy	2.81%	305.26	-1.8%	25.3%	89.6%	112.2%	164.8%	465.2%	796.9%
CVX	Chevron	2.67%	194.42	0.7%	10.5%	30.0%	32.3%	36.3%	141.4%	188.1%
OXY	Occidental Petroleum	2.67%	57.60	0.2%	10.3%	41.4%	32.3%	-2.5%	132.0%	2.1%
XOM	ExxonMobil	2.55%	156.89	1.6%	12.3%	32.1%	47.3%	64.4%	230.6%	162.6%

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%	35%	214%
Peers Return	36%	-1%	24%	18%	17%	18%	170%
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%	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 7/23/2026 (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 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%	35
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 7/23/2026

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 7/23/2026

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 7/23/2026

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
XLG	Invesco S&P 500 Top 50 ETF	-6.9%	60.11	7232026	64.59	6012026	52
MAGS	Roundhill Magnificent Seven ETF	-10.9%	63.23	7232026	70.94	5142026	70
QQQ	Invesco QQQ Trust, Series 1	-7.3%	691.96	7232026	746.16	6022026	51
QQQM	Invesco NASDAQ 100 ETF	-7.2%	284.98	7232026	307.23	6022026	51
ONEQ	Fidelity Nasdaq Composite Index ETF	-7.3%	98.96	7232026	106.70	6022026	51
QQEW	First Trust Nasdaq-100 Select Equal Weight ETF	-6.3%	151.68	7232026	161.85	6012026	52
SCHA	Schwab U.S. Small-Cap ETF	-5.2%	34.26	7232026	36.13	6302026	23
VUG	Vanguard Growth ETF	-7.1%	83.78	7232026	90.19	6012026	52
IWF	iShares Russell 1000 Growth ETF	-7.9%	118.59	7232026	128.77	6012026	52
IVW	iShares S&P 500 Growth ETF	-5.7%	133.59	7232026	141.59	6012026	52
SCHG	Schwab U.S. Large-Cap Growth ETF	-5.4%	33.40	7232026	35.30	6012026	52
SPYG	State Street SPDR Portfolio S&P 500 Growth ETF	-5.7%	115.65	7232026	122.60	6012026	52
VONG	Vanguard Russell 1000 Growth ETF	-7.7%	122.13	7232026	132.35	6012026	52
MGK	Vanguard Mega Cap Growth ETF	-7.5%	85.06	7232026	91.97	6012026	52
AKRE	Akre Focus ETF	-14.7%	53.42	7232026	62.64	1222026	182
IWP	iShares Russell Mid-Cap Growth ETF	-5.5%	138.40	7232026	146.41	6302026	23
IWO	iShares Russell 2000 Growth ETF	-5.1%	374.02	7232026	393.96	6302026	23
VBK	Vanguard Small-Cap Growth ETF	-5.8%	344.52	7232026	365.70	6302026	23
SCZ	iShares MSCI EAFE Small-Cap ETF	-5.3%	81.91	7232026	86.49	5312026	53
VSS	Vanguard FTSE All-World EX-US Small-Cap Index Fund	-7.0%	150.49	7232026	161.79	5112026	73
SCHC	Schwab International Small-Cap Equity ETF	-7.2%	47.83	7232026	51.54	3012026	144
IEMG	iShares Core MSCI Emerging Markets ETF	-8.8%	78.45	7232026	86.00	6222026	31
VWO	Vanguard FTSE Emerging Markets ETF	-5.1%	58.10	7232026	61.24	6222026	31
EEM	iShares MSCI Emerging Markets ETF	-9.3%	64.60	7232026	71.21	6222026	31
SPEM	State Street SPDR Portfolio Emerging Markets ETF	-5.5%	50.48	7232026	53.39	6022026	51
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-6.8%	34.78	7232026	37.30	6222026	31
EWY	iShares MSCI South Korea ETF	-20.7%	173.86	7232026	219.20	6212026	32
EWZ	iShares MSCI Brazil ETF	-13.3%	36.17	7232026	41.73	4142026	100
FXI	iShares China Large-Cap ETF	-15.5%	34.46	7232026	40.78	1292026	175
ILF	iShares Latin America 40 ETF	-8.6%	34.84	7232026	38.10	4142026	100
KWEB	KraneShares CSI China Internet ETF	-27.6%	26.27	7232026	36.29	1292026	175
QQQI	NEOS Nasdaq 100 High Income ETF	-5.4%	53.34	7232026	56.38	6022026	51
MTUM	iShares MSCI USA Momentum Factor ETF	-9.0%	313.98	7232026	345.22	6222026	31
SPHQ	Invesco S&P 500 Quality ETF	-5.6%	85.08	7232026	90.10	6302026	23
SPMO	Invesco S&P 500 Momentum ETF	-7.3%	149.83	7232026	161.66	6222026	31
ARKK	ARK Innovation ETF	-11.7%	73.83	7232026	83.61	7062026	17
URA	Global X Uranium ETF	-33.5%	41.13	7232026	61.81	1282026	176
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-17.6%	34.31	7232026	41.63	5132026	71
ROBO	ROBO Global Robotics & Automation Index ETF	-13.3%	78.32	7232026	90.34	6022026	51
LIT	Global X Lithium & Battery Tech ETF	-24.7%	69.02	7232026	91.62	5112026	73
ICLN	iShares Global Clean Energy ETF	-22.7%	18.37	7232026	23.75	6022026	51
ARKQ	ARK Autonomous Technology & Robotics ETF	-18.8%	116.85	7232026	143.82	5282026	56
ARKW	ARK Next Generation Internet ETF	-10.2%	138.45	7232026	154.18	6012026	52
ARKX	ARK Space & Defense Innovation ETF	-18.0%	30.94	7232026	37.74	5282026	56
NASA	Tema Space Innovators ETF	-44.5%	23.23	7232026	41.89	5272026	57
XOVR	EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF	-11.9%	18.81	7232026	21.34	7062026	17
AGIX	KraneShares Artificial Intelligence ETF	-13.7%	42.64	7232026	49.40	6012026	52
GDE	WisdomTree Efficient Gold Plus Equity Strategy Fund	-14.0%	60.56	7232026	70.39	5112026	73
RAAX	VanEck Real Assets ETF	-5.3%	40.44	7232026	42.70	5112026	73
VGT	Vanguard Information Technology ETF	-8.9%	114.39	7232026	125.62	6022026	51
XLK	State Street Technology Select Sector SPDR ETF	-10.0%	178.45	7232026	198.21	6022026	51
XLE	State Street Energy Select Sector SPDR ETF	-5.1%	59.38	7232026	62.56	3292026	116
XLC	State Street Communication Services Select Sector SPDR ETF	-12.0%	105.38	7232026	119.70	2012026	172
XLY	State Street Consumer Discretionary Select Sector SPDR ETF	-11.5%	108.76	7232026	122.88	1252026	179
XLP	State Street Consumer Staples Select Sector SPDR ETF	-7.0%	83.21	7232026	89.51	3012026	144
XLB	State Street Materials Select Sector SPDR ETF	-5.8%	50.29	7232026	53.38	2112026	162
IYM	iShares U.S. Basic Materials ETF	-6.3%	177.23	7232026	189.08	3022026	143
FXN	First Trust Energy AlphaDEX Fund	-5.1%	21.99	7232026	23.18	3292026	116
SMH	VanEck Semiconductor ETF	-13.3%	580.17	7232026	668.91	6222026	31
SOXX	iShares Semiconductor ETF	-15.8%	551.24	7232026	655.01	6222026	31
XBI	State Street SPDR S&P Biotech ETF	-7.3%	152.23	7232026	164.28	7092026	14
ITA	iShares U.S. Aerospace & Defense ETF	-5.0%	238.23	7232026	250.78	7062026	17
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	-6.7%	175.66	7232026	188.18	3292026	116
IGV	iShares Expanded Tech-Software Sector ETF	-19.1%	87.10	7232026	107.70	6012026	52
MISL	First Trust Indxx Aerospace & Defense ETF	-14.3%	43.43	7232026	50.66	3022026	143
RING	iShares MSCI Global Gold Miners ETF	-35.1%	64.49	7232026	99.42	3012026	144
SOXQ	Invesco PHLX Semiconductor ETF	-15.6%	97.16	7232026	115.11	6222026	31
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	-6.7%	21.36	7232026	22.90	2162026	157
IGOV	iShares International Treasury Bond ETF	-6.1%	40.35	7232026	42.99	3012026	144
TLT	iShares 20+ Year Treasury Bond ETF	-7.0%	83.17	7232026	89.48	3012026	144
VGLT	Vanguard Long-Term Treasury ETF	-6.2%	53.25	7232026	56.76	3012026	144
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-6.6%	25.31	7232026	27.09	3012026	144
TLH	iShares 10-20 Year Treasury Bond ETF	-6.1%	97.10	7232026	103.45	3012026	144
EDV	Vanguard World Funds Extended Duration ETF	-9.8%	60.84	7232026	67.42	3012026	144
SPLB	State Street SPDR Portfolio Long Term Corporate Bond ETF	-5.0%	21.51	7232026	22.65	2192026	154
COMT	iShares GSCI Commodity Dynamic Roll Strategy ETF	-9.2%	33.19	7232026	36.53	5192026	65
GSG	iShares GSCI Commodity	-5.8%	30.01	7232026	31.85	3182026	127
GLD	SPDR Gold Trust	-25.1%	371.52	7232026	495.90	1292026	175
IAU	iShares Gold Trust	-25.0%	76.15	7232026	101.57	1292026	175
GLDM	SPDR Gold MiniShares Trust	-25.0%	80.11	7232026	106.77	1292026	175
SGOL	ETFS Physical Swiss Gold Shares	-13.1%	44.66	7232026	51.41	1292026	175
BAR	Direxion Daily Gold Bull 3X Shares	-16.6%	44.34	7232026	53.16	1292026	175
SLV	iShares Silver Trust	-50.7%	52.06	7232026	105.60	1282026	176
SIVR	ETFS Physical Silver Shares Trust ETF	-24.8%	83.39	7232026	110.87	1282026	176
PPLT	ETFS Physical Platinum Shares	-42.7%	14.46	7232026	25.23	1252026	179
CPER	United States Copper Index Fund ETV	-13.9%	33.33	7232026	38.71	1292026	175
PALL	ETFS Physical Palladium Shares	-38.7%	22.78	7232026	37.18	1282026	176
USO	United States Oil Fund LP	-8.8%	139.49	7232026	152.96	5192026	65
UNG	United States Natural Gas Fund LP	-37.2%	10.61	7232026	16.90	2012026	172
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	7232026	60.13	5042026	80
IBIT	iShares Bitcoin Trust ETF	-27.7%	36.65	7232026	50.70	1252026	179
FBTC	Fidelity Wise Origin Bitcoin Fund	-27.6%	56.39	7232026	77.92	1252026	179
GBTC	Grayscale Bitcoin Trust ETF	-11.4%	61.84	7232026	69.82	1252026	179
ETHA	iShares Ethereum Trust ETF	-38.2%	14.11	7232026	22.83	1272026	177

ETF Fund Flows

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

Net fund flows · as of 2026-07-22

Asset allocation rotation · Past week

Commodity ETFs drew the largest net inflows (+$2.1B), followed by Bond (+$2.0B), while Equity (−$15.1B) saw the largest outflows.
Within the mix, money rotated into US Total Market (+$1.6B) and out of US Nasdaq Growth (−$8.0B).
Relative to fund size, DFAL drew the largest inflow (+40.2% of AUM) and DMXF the largest outflow (−18.8%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$2.11B	+0.2%
2	VTI	Vanguard Total Stock Market ETF	Equity US Total Market	+$1.62B	+0.2%
3	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$1.33B	+0.2%
4	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$1.13B	+0.7%
5	BSV	Vanguard Short-Term Bond ETF	Other	+$862M	+1.9%
6	GLD	SPDR Gold Shares	Commodity Gold	+$774M	+0.6%
7	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$694M	+0.7%
8	PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	Commodity Broad Diversified	+$692M	+11.3%
9	IEFA	iShares Core MSCI EAFE ETF	Equity International Developed Broad	+$639M	+0.3%
10	QQQI	NEOS Nasdaq-100 High Income ETF	Equity Option Income	+$634M	+4.7%

#	Ticker	Name	Type	Net flow	% of AUM
1	DFAL		Other	+$485M	+40.2%
2	ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	Equity Emerging Markets	+$197M	+13.3%
3	PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	Commodity Broad Diversified	+$692M	+11.3%
4	IGOV	iShares International Treasury Bond ETF	Bond International	+$137M	+9.0%
5	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$102M	+8.4%
6	HELO	JPMorgan Hedged Equity Laddered Overlay ETF	Other	+$374M	+8.3%
7	IYH	iShares U.S. Healthcare ETF	Other	+$261M	+7.9%
8	BGIG	Bahl & Gaynor Income Growth ETF	Other	+$140M	+6.4%
9	QQQI	NEOS Nasdaq-100 High Income ETF	Equity Option Income	+$634M	+4.7%
10	HFSI	Hartford Strategic Income ETF	Other	+$47M	+4.7%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	-$8.26B	-1.8%
2	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$6.35B	-0.7%
3	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	-$1.98B	-4.3%
4	IWF	iShares Russell 1000 Growth ETF	Equity US Large Growth	-$1.54B	-1.2%
5	IWM	iShares Russell 2000 ETF	Equity US Small Cap Core	-$1.45B	-1.8%
6	IGV	iShares Expanded Tech-Software Sector ETF	Equity Industry Subsector	-$1.29B	-9.8%
7	VO	Vanguard Mid-Cap ETF	Equity US Mid Cap Core	-$1.17B	-1.1%
8	IWD	iShares Russell 1000 Value ETF	Equity US Large Value	-$1.02B	-1.3%
9	IWR	iShares Russell Mid-Cap ETF	Equity US Mid Cap Core	-$980M	-1.8%
10	VTWO	Vanguard Russell 2000 ETF	Equity US Small Cap Core	-$574M	-3.4%

#	Ticker	Name	Type	Net flow	% of AUM
1	DMXF	iShares ESG Advanced MSCI EAFE ETF	Other	-$218M	-18.8%
2	KRE	State Street SPDR S&P Regional Banking ETF	Equity Industry Subsector	-$502M	-10.9%
3	IGV	iShares Expanded Tech-Software Sector ETF	Equity Industry Subsector	-$1.29B	-9.8%
4	IXN	iShares Global Tech ETF	Other	-$498M	-5.7%
5	FLTW	Franklin FTSE Taiwan ETF	Other	-$150M	-5.3%
6	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	-$1.98B	-4.3%
7	SNXX	Tradr 2X Long SNDK Daily ETF	Other	-$98M	-4.1%
8	EMLP	First Trust North American Energy Infrastructure Fund	Other	-$157M	-3.8%
9	KBWB	Invesco KBW Bank ETF	Other	-$246M	-3.6%
10	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	-$573M	-3.5%

Asset allocation rotation · Past month

Equity ETFs drew the largest net inflows (+$35.6B), followed by Bond (+$27.6B), while Commodity (−$1.9B) and Crypto (−$1.8B) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$11.2B) and out of US Nasdaq Growth (−$7.7B).
Relative to fund size, DFAL drew the largest inflow (+51.6% of AUM) and NASA the largest outflow (−46.1%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$20.66B	+2.3%
2	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$10.07B	+6.4%
3	DRAM	Roundhill Memory ETF	Other	+$9.85B	+40.6%
4	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$7.37B	+16.1%
5	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$7.07B	+0.9%
6	RSP	Invesco S&P 500 Equal Weight ETF	Equity Factor Smart Beta	+$4.44B	+4.6%
7	VXUS	Vanguard Total International Stock ETF	Equity International Broad	+$4.1B	+2.6%
8	VTI	Vanguard Total Stock Market ETF	Equity US Total Market	+$3.9B	+0.6%
9	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$3.61B	+3.7%
10	BND	Vanguard Total Bond Market ETF	Bond US Aggregate Core	+$3.61B	+2.3%

#	Ticker	Name	Type	Net flow	% of AUM
1	DFAL		Other	+$574M	+51.6%
2	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$457M	+43.8%
3	DRAM	Roundhill Memory ETF	Other	+$9.85B	+40.6%
4	FXL	First Trust Technology AlphaDEX Fund	Other	+$950M	+37.2%
5	IHE	iShares U.S. Pharmaceuticals ETF	Other	+$398M	+30.7%
6	DFGP	Dimensional - Global Core Plus Fixed Income ETF	Other	+$775M	+26.5%
7	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$956M	+26.3%
8	QTEC	First Trust NASDAQ-100-Technology Sector Index Fund	Other	+$1.07B	+23.0%
9	IXC	iShares Global Energy ETF	Other	+$471M	+21.8%
10	USO	United States Oil Fund, LP	Commodity Energy	+$462M	+21.7%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$26.1B	-2.6%
2	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	-$10.22B	-2.1%
3	VO	Vanguard Mid-Cap ETF	Equity US Mid Cap Core	-$3.92B	-3.7%
4	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$3.14B	-32.1%
5	IQMM	ProShares - GENIUS Money Market ETF	Other	-$3.08B	-15.1%
6	IGV	iShares Expanded Tech-Software Sector ETF	Equity Industry Subsector	-$2.1B	-15.5%
7	GLD	SPDR Gold Shares	Commodity Gold	-$1.86B	-1.4%
8	VB	Vanguard Small-Cap ETF	Equity US Small Cap Core	-$1.79B	-2.2%
9	IWF	iShares Russell 1000 Growth ETF	Equity US Large Growth	-$1.79B	-1.4%
10	VTV	Vanguard Value ETF	Equity US Large Value	-$1.66B	-0.9%

#	Ticker	Name	Type	Net flow	% of AUM
1	NASA	Tema Space Innovators ETF	Equity Thematic	-$614M	-46.1%
2	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$3.14B	-32.1%
3	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$378M	-31.4%
4	CALF	Pacer US Small Cap Cash Cows ETF	Other	-$1.08B	-30.7%
5	QLTA	iShares Aaa - A Rated Corporate Bond ETF	Other	-$291M	-22.0%
6	LCTU	iShares U.S. Carbon Transition Readiness Aware Active ETF	Other	-$278M	-19.1%
7	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$814M	-18.5%
8	DMXF	iShares ESG Advanced MSCI EAFE ETF	Other	-$209M	-17.4%
9	RPV	Invesco S&P 500 Pure Value ETF	Other	-$265M	-16.6%
10	IGV	iShares Expanded Tech-Software Sector ETF	Equity Industry Subsector	-$2.1B	-15.5%

Asset allocation rotation · Past 3 months

Equity ETFs drew the largest net inflows (+$186.0B), followed by Bond (+$70.1B), while Commodity (−$7.4B) and Crypto (−$7.0B) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$82.7B) and out of Gold (−$8.6B).
Relative to fund size, DRAM drew the largest inflow (+152.3% of AUM) and FXN the largest outflow (−61.4%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$54.43B	+6.5%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$23.96B	+3.1%
3	DRAM	Roundhill Memory ETF	Other	+$23.95B	+152.3%
4	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$18.45B	+12.5%
5	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$15.07B	+16.1%
6	VTI	Vanguard Total Stock Market ETF	Equity US Total Market	+$13.86B	+2.1%
7	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$12.27B	+12.6%
8	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$9.8B	+24.4%
9	BND	Vanguard Total Bond Market ETF	Bond US Aggregate Core	+$9.78B	+6.2%
10	VXUS	Vanguard Total International Stock ETF	Equity International Broad	+$8.56B	+5.6%

#	Ticker	Name	Type	Net flow	% of AUM
1	DRAM	Roundhill Memory ETF	Other	+$23.95B	+152.3%
2	NASA	Tema Space Innovators ETF	Equity Thematic	+$1.79B	+134.5%
3	ARKQ	ARK Autonomous Technology & Robotics ETF	Equity Thematic	+$2.29B	+105.0% ⚠
4	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$4.18B	+57.5%
5	FLKR	Franklin FTSE South Korea ETF	Other	+$584M	+56.1%
6	FXL	First Trust Technology AlphaDEX Fund	Other	+$940M	+55.7%
7	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$1.46B	+55.1% ⚠
8	IALT	iShares Systematic Alternatives Active ETF	Equity Asset Allocation	+$2.32B	+52.9% ⚠
9	XOVR	ERShares Private-Public Crossover ETF	Equity Thematic	+$1.04B	+52.2%
10	DFAL		Other	+$574M	+51.6%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$14.8B	-1.5%
2	GLD	SPDR Gold Shares	Commodity Gold	-$6.66B	-4.6%
3	QUAL	iShares MSCI USA Quality Factor ETF	Equity Factor Smart Beta	-$6.42B	-13.9%
4	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.85B	-38.6%
5	IQMM	ProShares - GENIUS Money Market ETF	Other	-$4.35B	-20.4%
6	IBIT	iShares Bitcoin Trust ETF	Crypto	-$4.27B	-8.5%
7	DIA	State Street SPDR Dow Jones Industrial Average ETF Trust	Equity US Large Concentrated	-$2.63B	-5.9%
8	IAU	iShares Gold Trust	Commodity Gold	-$2.56B	-3.8%
9	IWF	iShares Russell 1000 Growth ETF	Equity US Large Growth	-$2.45B	-1.9% ⚠
10	EFV	iShares MSCI EAFE Value ETF	Equity International Developed Broad	-$2.36B	-8.5%

#	Ticker	Name	Type	Net flow	% of AUM
1	FXN this	First Trust Energy AlphaDEX Fund	Equity Broad Sector	-$723M	-61.4%
2	EEMA	iShares MSCI Emerging Markets Asia ETF	Other	-$509M	-39.3%
3	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.85B	-38.6%
4	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.19B	-32.8%
5	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$456M	-31.5%
6	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$1.56B	-28.6%
7	QLTA	iShares Aaa - A Rated Corporate Bond ETF	Other	-$392M	-26.4%
8	SH	ProShares - Short S&P500	Other	-$263M	-26.3%
9	AKRE	Akre Focus ETF	Equity US Large Growth	-$1.44B	-25.1%
10	ILF	iShares Latin America 40 ETF	Equity Emerging Markets	-$947M	-23.2%

Largest ETF fund flows across ~2564 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: 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
USO	United States Oil Fund LP	Commodity	5.9%	101.7%
ITA	iShares U.S. Aerospace & Defense ETF	Equity	3.1%	11.0%
MISL	First Trust Indxx Aerospace & Defense...	Equity	2.3%	1.5%
EWY	iShares MSCI South Korea ETF	Equity	2.0%	78.8%
XLI	State Street Industrial Select Sector...	Equity	1.7%	17.6%
DBC	Invesco DB Commodity Index Tracking Fund	Commodity	1.5%	35.6%
PDBC	Invesco Optimum Yield Diversified Com...	Commodity	1.4%	36.3%
XLV	State Street Health Care Select Secto...	Equity	1.3%	4.7%
VHT	Vanguard Health Care ETF	Equity	1.2%	6.1%
IBB	iShares Biotechnology ETF	Equity	1.1%	12.1%

Top Losers

Ticker	Company	Category	1D Rtn	YTD Rtn
MAGS	Roundhill Magnificent Seven ETF	Equity	-4.6%	-4.1%
XLY	State Street Consumer Discretionary S...	Equity	-4.6%	-8.7%
GDE	WisdomTree Efficient Gold Plus Equity...	Equity	-3.6%	-14.0%
XLC	State Street Communication Services S...	Equity	-3.5%	-10.2%
SLV	iShares Silver Trust	Commodity	-3.4%	-19.2%
ARKW	ARK Next Generation Internet ETF	Equity	-3.3%	-6.3%
PALL	ETFS Physical Palladium Shares	Commodity	-3.1%	-21.7%
ARKK	ARK Innovation ETF	Equity	-2.9%	-4.0%
ETHA	iShares Ethereum Trust ETF	Cryptocurrency	-2.8%	-37.1%
PPLT	ETFS Physical Platinum Shares	Commodity	-2.8%	-22.4%

Top Gainers

Ticker	Company	Category	1W Rtn	YTD Rtn
USO	United States Oil Fund LP	Commodity	16.9%	101.7%
DBC	Invesco DB Commodity Index Tracking Fund	Commodity	6.5%	35.6%
PDBC	Invesco Optimum Yield Diversified Com...	Commodity	6.5%	36.3%
EWY	iShares MSCI South Korea ETF	Equity	6.4%	78.8%
XOP	State Street SPDR S&P Oil & Gas Explo...	Equity	5.5%	39.7%
URA	Global X Uranium ETF	Equity	5.2%	-3.7%
RING	iShares MSCI Global Gold Miners ETF	Equity	5.0%	-12.4%
BCI	abrdn Bloomberg All Commodity Strateg...	Commodity	4.7%	26.1%
FXN	First Trust Energy AlphaDEX Fund	Equity	4.2%	34.0%
XLE	State Street Energy Select Sector SPD...	Equity	4.1%	33.7%

Top Losers

Ticker	Company	Category	1W Rtn	YTD Rtn
XLY	State Street Consumer Discretionary S...	Equity	-7.3%	-8.7%
MAGS	Roundhill Magnificent Seven ETF	Equity	-7.2%	-4.1%
IGV	iShares Expanded Tech-Software Sector...	Equity	-7.0%	-17.6%
XLC	State Street Communication Services S...	Equity	-6.5%	-10.2%
AKRE	Akre Focus ETF	Equity	-6.1%	-18.5%
XOVR	EntrepreneurShares Series Trust ERSha...	Equity	-4.8%	-6.6%
KWEB	KraneShares CSI China Internet ETF	Equity	-4.4%	-22.8%
ARKW	ARK Next Generation Internet ETF	Equity	-4.0%	-6.3%
ARKK	ARK Innovation ETF	Equity	-3.7%	-4.0%
KRE	State Street SPDR S&P Regional Bankin...	Equity	-3.6%	16.6%

Top Gainers

Ticker	Company	Category	1M Rtn	YTD Rtn
USO	United States Oil Fund LP	Commodity	25.4%	101.7%
XOP	State Street SPDR S&P Oil & Gas Explo...	Equity	13.3%	39.7%
ETHA	iShares Ethereum Trust ETF	Cryptocurrency	12.7%	-37.1%
DBC	Invesco DB Commodity Index Tracking Fund	Commodity	11.8%	35.6%
PDBC	Invesco Optimum Yield Diversified Com...	Commodity	11.6%	36.3%
HGER	Harbor Commodity All-Weather Strategy...	Commodity	11.2%	31.8%
BCI	abrdn Bloomberg All Commodity Strateg...	Commodity	9.4%	26.1%
XLE	State Street Energy Select Sector SPD...	Equity	9.0%	33.7%
FTGC	First Trust Global Tactical Commodity...	Commodity	8.8%	29.3%
COMT	iShares GSCI Commodity Dynamic Roll S...	Commodity	7.6%	33.3%

Top Losers

Ticker	Company	Category	1M Rtn	YTD Rtn
NASA	Tema Space Innovators ETF	Equity	-19.2%	-7.7%
LIT	Global X Lithium & Battery Tech ETF	Equity	-12.0%	6.4%
ICLN	iShares Global Clean Energy ETF	Equity	-11.1%	11.8%
URA	Global X Uranium ETF	Equity	-9.8%	-3.7%
EWY	iShares MSCI South Korea ETF	Equity	-9.5%	78.8%
SOXX	iShares Semiconductor ETF	Equity	-8.6%	83.2%
SOXQ	Invesco PHLX Semiconductor ETF	Equity	-8.4%	74.4%
UNG	United States Natural Gas Fund LP	Commodity	-7.7%	-13.5%
ARKQ	ARK Autonomous Technology & Robotics ETF	Equity	-7.5%	1.9%
SMH	VanEck Semiconductor ETF	Equity	-6.7%	61.1%

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	115.6	56.0	41.9	37.8	49.0
Expense Ratio	0.63%	0.09%	0.08%	0.08%	0.08%	0.08%	0.08%
10-D Avg Volume (Mil)	1.86	4.99	12.42	35.37	10.52	36.06	11.47
Latest Day Volume (Mil)	0.35	2.78	6.50	37.20	6.26	27.31	6.38
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	21.37	113.16	177.48	56.76	161.82	57.01	-
Premium/Discount	2.9%	1.1%	0.5%	-1.6%	-0.2%	4.2%	0.8%
Distribution Yield	1.6%	0.4%	0.4%	1.4%	1.6%	2.6%	1.5%
Sales Yield	62.5%	78.6%	121.2%	28.9%	62.6%	59.0%	62.6%
Earnings Yield	6.3%	9.9%	15.0%	5.9%	3.4%	4.7%	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	1.3x	0.8x	3.5x	1.6x	1.7x	1.6x
P/E (TTM)	15.9x	10.1x	6.7x	16.9x	29.8x	21.2x	16.4x
P/FCF (TTM)	15.5x	4.5x	2.7x	34.7x	24.1x	25.0x	19.8x
Forward P/E	11.0x	3.9x	2.5x	14.9x	18.1x	13.8x	12.4x
Forward P/S	1.4x	1.0x	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)	23.1%	23.6%	24.7%	14.6%	15.8%	20.9%	22.0%
Volatility (3Y)	25.4%	24.3%	24.7%	16.1%	14.4%	21.6%	22.9%
Volatility (5Y)	28.8%	25.7%	25.6%	18.5%	15.0%	25.9%	25.6%
Beta (1Y)	0.03	1.65	1.68	0.65	0.34	-0.20	0.49
Beta (3Y)	0.74	1.48	1.48	0.78	0.47	0.48	0.76
Beta (5Y)	0.82	1.40	1.38	0.87	0.55	0.61	0.84
Sharpe Ratio (1Y)	1.70	1.40	1.44	0.55	1.36	1.79	1.42
Sharpe Ratio (3Y)	0.61	1.09	1.07	1.14	0.64	0.81	0.94
Sharpe Ratio (5Y)	0.74	0.79	0.82	0.64	0.48	0.93	0.76
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	6.9%	-1.3%	-3.1%	3.6%	6.1%	9.0%	4.9%
3M Return	3.8%	11.2%	12.9%	6.9%	10.3%	5.0%	8.6%
6M Return	25.6%	22.5%	24.2%	5.0%	2.4%	22.6%	22.6%
YTD Return	34.0%	21.7%	24.1%	2.5%	4.7%	33.7%	22.9%
1Y Return	44.4%	35.2%	38.5%	7.2%	22.5%	42.3%	36.8%
2Y Return	23.8%	59.4%	60.8%	32.5%	13.0%	34.5%	33.5%
3Y Return	44.5%	102.5%	101.7%	66.8%	28.0%	58.1%	62.5%

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

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 (7/24/2026): $22.06

First Trust Energy AlphaDEX Fund (FXN)

Market Price (7/24/2026): $22.06

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