This ETF offers exposure to the U.S. tech sector, making it one of many options available to investors seeking to access an industry that is capable of remarkable rallies and steep declines over short periods of time. Given the sector-specific focus, FXL is probably too granular for those building a long-term, buy-and-hold portfolio, but can be useful for investors putting on a tactical tilt or looking to beef up tech sector exposure. FXL’s primary appeal is the use of the ‘AlphaDex’ methodology which seeks to select the best tech companies from the Russell 1000 Index universe. This is done by ranking the firms on a variety of growth and value factors including momentum, ROE, and CF/P just to name a few. Thanks to this method, the fund casts a much smaller net than others in the sector, holdings just 85 securities compared to several hundred for many of the other products in the Category. For those looking for a more qualitative approach to the tech sector FXL could make for a solid choice although VGT and XLK offer generally similar exposure, while the equal-weighted RYT gives investors an option that will be more balanced in nature and avoid concentrations in a small handful of tech giants.
| Segment | Equity: U.S. Information Technology |
| Category | Sector |
| Focus | Information Technology |
| Niche | Broad-based |
| Strategy | Multi-factor |
| Weighting Scheme | Tiered |
This section compares how balanced and deep this ETF is relative to its peers.
| FXL | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 98 | 63 | 98 |
| % of Assets in Top 10 | 19.59% | 48.54% | 47.75% |
| % of Assets in Top 15 | 28.11% | 62.15% | 58.33% |
| % of Assets in Top 50 | 73.96% | 93.93% | 91.29% |
| FXL | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | 70.85% | 61.36% | 75.05% |
| Mid (>2.7B) | 28.99% | 19.13% | 12.50% |
| Small (>600M) | 0.00% | 10.76% | 6.11% |
| Micro (<600M) | 0.00% | 3.24% | 2.15% |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| FXL | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.12 | $ 0.20 | $ 0.18 |
| Dividend Date | 2024-03-21 | N/A | N/A |
| Annual Dividend Rate | $ 0.56 | $ 0.49 | $ 0.89 |
| Annual Dividend Yield | 0.41% | 1.41% | 1.36% |
View charts featuring FXL price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: 0 1 Month Net Flows: -19.79 M 3 Month Net Flows: -19.92 M 6 Month Net Flows: -58.77 M 1 Year Net Flows: -44.8 M 3 Year Net Flows: -1.38 B 5 Year Net Flows: -2.32 B 10 Year Net Flows: -1.57 BView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: 24.02 MThe adjacent table gives investors an individual Realtime Rating for FXL on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Technology Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Qualified dividends |
| Distributes K1 | No |
This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.
| FXL |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | 5.36% | 7.23% | 6.12% |
| 3 Month Return | 3.48% | 5.84% | 6.54% |
| YTD Return | 7.55% | 12.48% | 12.48% |
| 1 Year Return | 19.93% | 26.15% | 19.79% |
| 3 Year Return | 3.67% | 0.85% | 5.32% |
| 5 Year Return | 15.52% | 5.91% | 10.80% |
The following charts reflect the geographic spread of FXL's underlying holdings.
| Region | Percentage |
|---|---|
| North, Central and South America | 99.95% |
| Other | 0.0% |
| Country | Percentage |
|---|---|
| United States | 99.79% |
| Other | 0.16% |
The following charts reflect the allocation of FXL's underlying holdings.
| Sector | Percentage |
|---|---|
| Technology Services | 57.23% |
| Electronic Technology | 30.11% |
| Distribution Services | 4.73% |
| Producer Manufacturing | 4.65% |
| Commercial Services | 1.72% |
| Transportation | 1.35% |
| Miscellaneous | 0.16% |
| CASH | 0.0% |
| Market Cap | Percentage |
|---|---|
| Large | 70.85% |
| Mid | 28.99% |
| Small | 0.0% |
| Micro | 0.0% |
| Region | Percentage |
|---|
| Asset | Percentage |
|---|---|
| Share/Common/Ordinary | 99.79% |
| Open-ended Fund | 0.16% |
| CASH | 0.0% |
| Sector | Percentage |
|---|---|
| Technology Services | 57.23% |
| Electronic Technology | 30.11% |
| Distribution Services | 4.73% |
| Producer Manufacturing | 4.65% |
| Commercial Services | 1.72% |
| Transportation | 1.35% |
| Miscellaneous | 0.16% |
| CASH | 0.0% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 210.57% |
| 20 Day Volatility | 13.33% |
| 50 Day Volatility | 15.42% |
| 200 Day Volatility | 18.39% |
| Beta | 1.19 |
| Standard Deviation | 10.03% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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