FXL vs. IPO ETF Comparison
Comparison of First Trust Technology AlphaDEX (FXL) to Renaissance IPO ETF (IPO)
FXL
First Trust Technology AlphaDEX
FXL Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the StrataQuant(R) Technology Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the technology sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.
Grade (RS Rating)
Last Trade
$154.02
Average Daily Volume
17,257
Number of Holdings
*
102
* may have additional holdings in another (foreign) market
IPO
Renaissance IPO ETF
IPO Description
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index (the "index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index, the Renaissance IPO Index. The remaining 20% may be used to purchase securities not in the index that are an appropriate substitute for certain securities in the index in order to track the index. The index is comprised of common stocks, American Depositary Receipts ("ADRs"), real estate investment trusts ("REITS") and master limited partnerships ("MLPs"). The fund is non-diversified.Grade (RS Rating)
Last Trade
$46.12
Average Daily Volume
29,831
Number of Holdings
*
17
* may have additional holdings in another (foreign) market
Performance
| Period | FXL | IPO |
|---|---|---|
| 30 Days | 10.22% | 5.01% |
| 60 Days | 12.16% | 7.00% |
| 90 Days | 12.82% | 9.52% |
| 12 Months | 31.26% | 39.22% |
FXL Overweight 98 Positions Relative to IPO
| Symbol | Grade | Weight | |
|---|---|---|---|
| APP | B | 3.39% | |
| PLTR | B | 2.47% | |
| TOST | B | 2.22% | |
| VRT | B | 1.89% | |
| DASH | A | 1.89% | |
| PEGA | A | 1.88% | |
| GWRE | A | 1.66% | |
| CTSH | B | 1.63% | |
| HPE | B | 1.62% | |
| DXC | B | 1.62% | |
| PAYC | B | 1.6% | |
| META | D | 1.57% | |
| SMAR | A | 1.57% | |
| IPGP | D | 1.57% | |
| DOCU | A | 1.53% | |
| AVT | C | 1.52% | |
| ON | D | 1.44% | |
| FTNT | C | 1.44% | |
| NVDA | C | 1.43% | |
| GDDY | A | 1.4% | |
| ZM | B | 1.4% | |
| TWLO | A | 1.39% | |
| NOW | A | 1.38% | |
| ARW | D | 1.35% | |
| AMKR | D | 1.32% | |
| SWKS | F | 1.32% | |
| ORCL | B | 1.3% | |
| JBL | B | 1.28% | |
| DNB | B | 1.27% | |
| INTC | D | 1.26% | |
| TYL | B | 1.25% | |
| HPQ | B | 1.21% | |
| CNXC | F | 1.21% | |
| DT | C | 1.19% | |
| MANH | D | 1.18% | |
| AVGO | D | 1.17% | |
| DOX | D | 1.16% | |
| EPAM | C | 1.15% | |
| MSTR | C | 1.15% | |
| SNX | C | 1.14% | |
| NTNX | A | 1.12% | |
| PANW | C | 1.08% | |
| RNG | B | 1.08% | |
| S | B | 1.07% | |
| DELL | C | 1.06% | |
| AKAM | D | 1.04% | |
| FFIV | B | 1.03% | |
| DBX | B | 1.01% | |
| IT | C | 0.99% | |
| CRUS | D | 0.97% | |
| SSNC | B | 0.93% | |
| CACI | D | 0.91% | |
| AAPL | C | 0.91% | |
| QCOM | F | 0.9% | |
| NTAP | C | 0.89% | |
| DLB | B | 0.89% | |
| AMAT | F | 0.86% | |
| SAIC | F | 0.84% | |
| MTCH | D | 0.77% | |
| MPWR | F | 0.74% | |
| DAY | B | 0.74% | |
| CRM | B | 0.72% | |
| DV | C | 0.71% | |
| GLOB | B | 0.68% | |
| ADSK | A | 0.66% | |
| APH | A | 0.66% | |
| GOOGL | C | 0.63% | |
| ROP | B | 0.6% | |
| TXN | C | 0.59% | |
| LSCC | D | 0.57% | |
| VRSN | F | 0.57% | |
| IBM | C | 0.56% | |
| KBR | F | 0.55% | |
| IAC | D | 0.52% | |
| U | C | 0.49% | |
| MCHP | D | 0.48% | |
| OLED | D | 0.47% | |
| ONTO | D | 0.47% | |
| TER | D | 0.47% | |
| PYCR | C | 0.36% | |
| CRWD | B | 0.36% | |
| KD | B | 0.36% | |
| NET | B | 0.34% | |
| DDOG | A | 0.34% | |
| WDAY | B | 0.33% | |
| ANSS | B | 0.32% | |
| GEN | B | 0.32% | |
| GLW | B | 0.31% | |
| APPF | B | 0.29% | |
| PSTG | D | 0.29% | |
| MSFT | F | 0.29% | |
| MU | D | 0.28% | |
| ADI | D | 0.27% | |
| SMCI | F | 0.26% | |
| KLAC | D | 0.25% | |
| AMD | F | 0.25% | |
| ALGM | D | 0.25% | |
| CDW | F | 0.24% |
FXL: Top Represented Industries & Keywords
Industries:
Software - Application
Semiconductors
Software - Infrastructure
Information Technology Services
Internet Content & Information
Semiconductor Equipment & Materials
Computer Systems
Data Storage
Electronic Components
Telecom Services
Business Services
Communication Equipment
Computer Hardware
Conglomerates
Consumer Electronics
Contract Manufacturers
Diversified Industrials
Electronics & Computer Distribution
Electronics Distribution
Engineering & Construction
Keywords:
S&P 500
Computing
Nasdaq 100
Cloud Computing
Semiconductor
Integrated Circuits
Work From Home
Cloud Infrastructure
Electronics
Software
Software As A Service
Mobile Devices
Operating System
Smartphones
Software Development
Artificial Intelligence
Business Intelligence
Electronic Engineering
Fabless Semiconductor Companies
Information And Communications Technology
IPO: Top Represented Industries & Keywords
Industries:
Software - Infrastructure
Asset Management
Auto Manufacturers
Semiconductors
Software - Application
Banks - Diversified
Footwear & Accessories
Household & Personal Products
Internet Content & Information
Medical Instruments & Supplies
Utilities - Renewable
Keywords:
Computing
Nasdaq 100
Advisory Services
Bank
Banking
Data Management
Electric Vehicle
Fabless Semiconductor Companies
Semiconductor
Allergy
Alternative Payments
Annuities
Artificial Intelligence
Backup Software
Baseband Processor
Brokerage Products
Business Process Management
Care Products
Cars
Cataract Surgery
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