FXZ
First Trust Materials AlphaDEX Fund
First Trust Materials AlphaDEX Fund seeks investment results that correspond to the StrataQuant Materials AlphaDEX Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
269.8 M
ASSETS UNDER MGMT
61 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 08, 2007 |
| Assets (mns) | $270 |
| Expense ratio | 61 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 +
| RELIANCE STEEL & ALUMINUM | 5.3 % |
| STEEL DYNAMICS INC | 5.1 % |
| UNITED STATES STEEL CORP | 5.0 % |
| CF INDUSTRIES HOLDINGS INC | 4.4 % |
| NUCOR CORP | 4.4 % |
| FMC CORP | 4.3 % |
| MOSAIC CO/THE | 4.2 % |
| LYONDELLBASELL INDU-CL A | 4.2 % |
| NEWMARKET CORP | 4.1 % |
| TIMKEN CO | 3.8 % |
Constituent Breakdown
| Number of holdings | 37 |
| Herfindahl-Hirschman Index | 352 |
| Wgt avg mkt cap (mns) | $25,165 |
| Large cap (>$10bn) | 58.5% |
| Mid cap ($2-10bn) | 39.5% |
| Small cap (<$2bn) | 2.1% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 93.8 % |
 |
BRITAIN | 6.1 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -3.7% | 4.1% | 3.1% | 6.4% | 12.8% | 9.2% | 8.5% | Volatility | 18.1% | 18.6% | 21.2% | 24.1% | 29.1% | 24.1% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.14 | 53% |
| MSCI EAFE | 1.27 | 65% |
| MSCI Emg Mkts | 0.95 | 36% |
Liquidity Measures
| Avg. volume (000) | 41 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $4,800 |
Technical Indicators
| Recent close | $56.81 |
| 30d moving avg. | $64.05 |
| Annualized volatility | 27.4% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 2.3% |
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. FXZ |
Expenses vs. FXZ |
ALTAR Score™ vs. FXZ |
|---|---|---|---|---|
| IYM | iShares U.S. Basic Materials ETF | 51.0% | -21 bp | -5.3% |
| RSPM | Invesco S&P 500 Equal Weight Materials ETF | 39.8% | -21 bp | -4.1% |
| PYZ | Invesco Dorsey Wright Basic Materials Momentum ETF | 31.3% | -1 bp | -6.9% |
| FMAT | Fidelity MSCI Materials Index ETF | 29.1% | -53 bp | -5.7% |
| XME | SPDR S&P Metals & Mining ETF | 28.8% | -26 bp | -2.9% |
| XLB | Materials Select Sector SPDR Fund | 28.7% | -52 bp | -6.0% |
| VAW | Vanguard Materials ETF | 26.8% | -51 bp | -5.7% |
| SLX | VanEck Steel ETF | 22.1% | -5 bp | +11.7% |
| FTIF | First Trust Bloomberg Inflation Sensitive Equity ETF | 17.6% | -1 bp | -3.3% |
| IVEG | iShares Emergent Food and AgTech Multisector ETF | 16.5% | -14 bp | -4.3% |
Risk and Returns: FXZ 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
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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
FXZ
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™
FXZ
12.7%
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%. FXZ's ALTAR Score™ is approximately
2.7 standard deviations
above
the category average. This places FXZ in the 99th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FXZSELL
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 |
| FXZ (61 bp) Percentile rank | 67 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FXZ | 61.0 | 6.7 | 67.7 |
| Peer Avg. | 44.0 | 16.8 | 60.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .