First Trust Technology AlphaDEX Fund (FXL) is a technology-hardware ETF. As of October 9, 2026, ETF Copilot scores FXL 5.0 out of 10 — highest on Return (8.9), lowest on Risk (1.6). It trades at 24.6 times earnings, against its own median of 24.2. Its ten largest holdings are 16% of the fund.
What stands out in FXL's data
U.S. technology stocks selected through a quantitative screen.
Trades at a cheaper price than most tech hardware peers — less of each dollar goes to the purchase price.
Its trailing EBITDA multiple of 16.6x is lower than the category median of 22.4x. A 27% three-year annualized return trails the typical peer.
A technology sleeve built for growth, not for near-term earnings.
Why did FXL move this week? It rose 0.9% in the week to October 9, 2026 — PTC and Atlassian drove it
FXL rose 0.9% in the week to October 9, 2026. The holdings that moved it most were PTC (+35.0%), Atlassian (+10.1%) and NIQ Global Intelligence (+8.7%); Sitime (−13.7%) pushed the other way.
How is FXL rated? ETF Copilot scores First Trust Technology AlphaDEX Fund (FXL) 5.0 out of 10
As of October 9, 2026, ETF Copilot scores First Trust Technology AlphaDEX Fund (FXL) 5.0 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 5.0 / 10
- Growth: 6.1 / 10
- Value: 3.0 / 10
- Risk: 1.6 / 10
- Quality: 2.7 / 10
- Return: 8.9 / 10
Is FXL expensive right now? It trades at 24.6 times earnings, against its own median of 24.2
As of October 9, 2026, FXL is more expensive than 54% of its own 115 monthly readings since 2017 — 62 of those months were cheaper than today.
Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.
What's inside FXL? 88% Tech
What's inside FXL: Size (Large 49%, Mid 46%, Small 5%); Geography (International 2%, US 98%); Tech 87.8%; Magnificent 7 5.5%; AI 17.1%; Semiconductors 22.5%; Memory 11.3%.
What are FXL's top holdings? The ten largest are 16% of the fund
Everpure, Atlassian, PTC, NetApp, SentinelOne, Dell Technologies, Fortinet, Rubrik, Mobility Global and NIQ Global Intelligence are FXL's largest holdings, in that order.
Less concentrated than 94% of Tech Hardware ETFs.
Half of FXL's weight sits in its 35 largest positions, and once those weights are taken into account it behaves like 87 equally weighted holdings.
What is FXL's expense ratio? 0.60% a year
As of October 9, 2026, FXL charges 0.60% a year and holds $2.9B in assets across 109 positions.
| Measure | FXL |
|---|---|
| Expense ratio | 0.60% |
| Assets under management | $2.9B |
| Holdings | 109 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “First Trust Technology AlphaDEX Fund (FXL) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/fxl
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