The First Trust Technology AlphaDEX ETF (FXL) offers a unique approach to tech investments

This ETF is managed by First Trust Advisors and has over $1.44 billion in assets. It tracks the StrataQuant Technology Index, which is designed to find stocks in the Russell 1000 that could outperform traditional indices.
When it comes to costs, FXL has an expense ratio of 0.60%, which is pretty standard for this type of fund. Its dividend yield is low at 0.11%, but that’s not unusual for tech-focused ETFs.
FXL is heavily invested in the Information Technology sector, making up about 82.40% of its portfolio. Its top holdings include Applovin Corp., Palantir Technologies, and Toast, which together account for around 21.2% of the fund.
So far this year, FXL has returned about 2.54%, and over the last year, it’s up around 19.60%. It’s considered a medium-risk option with a beta of 1.14, which means it’s a bit more volatile than the market.
If you’re looking for alternatives, there are other ETFs like the Technology Select Sector SPDR ETF and the Vanguard Information Technology ETF. These might be worth checking out if you want lower fees or different strategies.
In short, FXL could be a solid choice if you’re aiming to outperform in the tech sector. Just make sure to do your homework and see if it fits your investment goals.