FYX
First Trust Small Cap Core AlphaDEX Fund
First Trust Small Cap Core AlphaDEX Fund seeks investment results that correspond generally to the Defined Small Cap Core Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
985.5 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) | $985 |
| 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 +
| KLAVIYO, INC. (CLASS A) | 0.9 % |
| ROCKET LAB USA, INC. | 0.6 % |
| CORECIVIC, INC. | 0.5 % |
| RIOT BLOCKCHAIN INC | 0.5 % |
| BRINKER INTERNATIONAL INC | 0.5 % |
| PAYONEER GLOBAL INC. | 0.4 % |
| PRIMORIS SERVICES CORP | 0.4 % |
| INTEGRATED ELECTRICAL SERVIC | 0.4 % |
| INTERDIGITAL INC | 0.4 % |
| GREENBRIER COMPANIES INC | 0.4 % |
Constituent Breakdown
| Number of holdings | 526 |
| Herfindahl-Hirschman Index | 25 |
| Wgt avg mkt cap (mns) | $2,344 |
| Large cap (>$10bn) | 0.5% |
| Mid cap ($2-10bn) | 53.1% |
| Small cap (<$2bn) | 45.8% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.5 % |
 |
BERMUDA | 0.6 % |
 |
PUERTO RICO | 0.5 % |
 |
LUXEMBOURG | 0.5 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 8.2% | 31.2% | 11.3% | 2.3% | 11.3% | 8.5% | 7.8% | Volatility | 19.5% | 20.5% | 20.9% | 22.6% | 28.9% | 23.7% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.08 | 69% |
| MSCI EAFE | 1.03 | 65% |
| MSCI Emg Mkts | 0.74 | 33% |
Liquidity Measures
| Avg. volume (000) | 17 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.27% |
| ADV of underlying (mns) | $12,274 |
Technical Indicators
| Recent close | $107.12 |
| 30d moving avg. | $98.77 |
| Annualized volatility | 22.7% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 6.6% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FYX |
Expenses vs. FYX |
ALTAR Score™ vs. FYX |
|---|---|---|---|---|
| FYT | First Trust Small Cap Value AlphaDEX Fund | 54.1% | +12 bp | +3.2% |
| BBSC | JPMorgan BetaBuilders U.S. Small Cap Equity ETF | 45.8% | -52 bp | -1.2% |
| AVSC | Avantis U.S Small Cap Equity ETF | 44.7% | -36 bp | +0.2% |
| FYC | First Trust Small Cap Growth AlphaDEX Fund | 43.4% | +10 bp | -4.9% |
| EES | WisdomTree U.S. SmallCap Fund | 42.9% | -23 bp | +4.4% |
| RNSC | Furst Trust Small Cap US Equity Select ETF | 42.1% | -1 bp | +2.3% |
| IJR | iShares Core S&P Small Cap ETF | 39.9% | -55 bp | +2.1% |
| XJR | iShares ESG Screened S&P Small-Cap ETF | 39.7% | -49 bp | +2.4% |
| CSA | VictoryShares US Small Cap Volatility Wtd ETF | 39.4% | -26 bp | +1.6% |
| CSF | VictoryShares US Discovery Enhanced Volatility Wtd ETF | 39.3% | -19 bp | +1.6% |
Risk and Returns: FYX 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 11/21/2024
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
FYX
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
FYX
4.5%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. FYX's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places FYX in the 35th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FYXSELL
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 |
| FYX (61 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) |
|
|---|---|---|---|
| FYX | 61.0 | 26.9 | 87.9 |
| Peer Avg. | 29.7 | 13.9 | 43.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .