FXN vs. OILT ETF Comparison
Comparison of First Trust Energy AlphaDEX Fund (FXN) to Texas Capital Texas Oil Index ETF (OILT)
FXN
First Trust Energy AlphaDEX Fund
FXN Description
The investment seeks results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the StrataQuant(R) Energy 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 energy 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
$18.08
Average Daily Volume
713,999
38
OILT
Texas Capital Texas Oil Index ETF
OILT Description
OILT aims to track the performance of an economic-value weighted index of energy companies that extract oil and gas within Texas. Companies in the index must be publicly traded and responsible for more than 0.1% of the annual state oil and gas production of Texas over the past 10 years based on data from the Texas Railroad Commission. The companies are sensitive to the price of West Texas Intermediate crude oil. Global and domestic infrastructure and trading have created efficiencies that have made the US a net exporter of oil and may positively impact the profitability of these companies. The stocks are weighted in the index by the aggregated economic value of oil and gas production of the company and multiplying it by the average oil and gas futures prices from the last day of trading of February in the current and previous year. Outside of extraordinary events, the index is reconstituted annually and rebalanced quarterly.Grade (RS Rating)
Last Trade
$26.86
Average Daily Volume
1,988
24
Performance
| Period | FXN | OILT |
|---|---|---|
| 30 Days | 10.78% | 8.41% |
| 60 Days | 8.08% | 6.85% |
| 90 Days | 5.03% | 2.73% |
| 12 Months | 9.54% |
14 Overlapping Holdings
| Symbol | Grade | Weight in FXN | Weight in OILT | Overlap | |
|---|---|---|---|---|---|
| APA | D | 3.59% | 3.87% | 3.59% | |
| COP | C | 3.33% | 8.14% | 3.33% | |
| CTRA | B | 3.3% | 1.8% | 1.8% | |
| CVX | A | 3.41% | 4.54% | 3.41% | |
| DVN | F | 3.91% | 3.59% | 3.59% | |
| EOG | A | 3.41% | 7.37% | 3.41% | |
| FANG | D | 3.29% | 7.84% | 3.29% | |
| KMI | A | 1.88% | 2.85% | 1.88% | |
| MRO | B | 3.36% | 4.18% | 3.36% | |
| MTDR | B | 4.63% | 0.37% | 0.37% | |
| OVV | B | 4.53% | 4.61% | 4.53% | |
| OXY | D | 2.29% | 7.37% | 2.29% | |
| PR | B | 3.46% | 3.96% | 3.46% | |
| XOM | B | 2.4% | 8.03% | 2.4% |
FXN Overweight 24 Positions Relative to OILT
| Symbol | Grade | Weight | |
|---|---|---|---|
| CIVI | D | 3.96% | |
| NOV | C | 3.94% | |
| CHRD | D | 3.9% | |
| DINO | D | 3.7% | |
| VLO | C | 3.22% | |
| EQT | B | 2.72% | |
| RRC | B | 2.55% | |
| HAL | C | 2.41% | |
| PSX | C | 2.3% | |
| MPC | D | 2.26% | |
| TRGP | B | 2.01% | |
| DTM | B | 1.96% | |
| BKR | B | 1.85% | |
| HES | B | 1.66% | |
| SLB | C | 1.61% | |
| NFE | D | 1.57% | |
| TPL | A | 1.19% | |
| WMB | A | 0.95% | |
| OKE | A | 0.92% | |
| LNG | B | 0.91% | |
| FTI | A | 0.84% | |
| AR | B | 0.82% | |
| AM | A | 0.78% | |
| FSLR | F | 0.61% |
FXN: Top Represented Industries & Keywords
OILT: Top Represented Industries & Keywords
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