FXO
First Trust Financials AlphaDEX Fund
First Trust Financial AlphaDEX Fund seeks investment results that correspond to the StrataQuant Financial AlphaDEX Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
1.7 B
ASSETS UNDER MGMT
62 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 08, 2007 |
| Assets (mns) | $1,717 |
| Expense ratio | 62 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| JEFFERIES FINANCIAL GROUP INC. | 2.0 % |
| GOLDMAN SACHS GROUP INC | 1.8 % |
| KKR & CO LP | 1.8 % |
| JANUS HENDERSON GROUP PLC | 1.8 % |
| TPG INC | 1.8 % |
| WHITE MOUNTAINS INSURANCE GP | 1.8 % |
| ASSURED GUARANTY LTD | 1.7 % |
| CINCINNATI FINANCIAL CORP | 1.7 % |
| T ROWE PRICE GROUP INC | 1.7 % |
| FRANKLIN RESOURCES INC | 1.7 % |
Constituent Breakdown
| Number of holdings | 104 |
| Herfindahl-Hirschman Index | 120 |
| Wgt avg mkt cap (mns) | $56,580 |
| Large cap (>$10bn) | 64.0% |
| Mid cap ($2-10bn) | 35.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.8% |
| Emerging mkts. | 0.2% |
Country Exposure
 |
UNITED STATES | 87.4 % |
 |
BERMUDA | 7.4 % |
 |
BRITAIN | 1.8 % |
 |
PUERTO RICO | 1.5 % |
 |
SWITZERLAND | 0.9 % |
 |
CAYMAN ISLANDS | 0.8 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 38.1% | 50.3% | 19.7% | 12.7% | 15.4% | 12.3% | 8.7% | Volatility | 15.8% | 16.3% | 21.3% | 23.0% | 30.0% | 23.5% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 54% |
| MSCI EAFE | 0.97 | 49% |
| MSCI Emg Mkts | 0.67 | 23% |
Liquidity Measures
| Avg. volume (000) | 1,424 |
| Turnover | 4.5% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $20,785 |
Technical Indicators
| Recent close | $53.99 |
| 30d moving avg. | $57.46 |
| Annualized volatility | 24.1% |
| Relative strength (RSI) | 57 |
| Short interest (ETF) | 3.3% |
| Short interest (underlying) | 2.9% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FXO |
Expenses vs. FXO |
ALTAR Score™ vs. FXO |
|---|---|---|---|---|
| RSPF | Invesco S&P 500 Equal Weight Financials ETF | 38.8% | -22 bp | -3.0% |
| IYF | iShares U.S. Financials ETF | 36.8% | -22 bp | -2.2% |
| FNCL | Fidelity MSCI Financials Index ETF | 31.6% | -54 bp | -2.0% |
| VFH | Vanguard Financials ETF | 31.4% | -52 bp | -2.0% |
| KBE | SPDR S&P Bank ETF | 29.8% | -27 bp | +1.1% |
| KIE | SPDR S&P Insurance ETF | 29.6% | -27 bp | -1.5% |
| XLF | Financial Select Sector SPDR Fund | 26.7% | -53 bp | -2.4% |
| KCE | SPDR S&P Capital Markets ETF | 24.3% | -27 bp | -1.7% |
| IYG | iShares US Financial Services ETF | 23.9% | -22 bp | -2.7% |
| IXG | iShares Global Financials ETF | 21.5% | -20 bp | -1.4% |
Risk and Returns: FXO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/20/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FXO
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
FXO
7.9%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. FXO's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places FXO in the 81st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FXOSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| FXO (62 bp) Percentile rank | 68 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FXO | 62.0 | 7.1 | 69.1 |
| Peer Avg. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .