First Trust Materials AlphaDEX Fund (FXZ) is a industrials and materials ETF. As of October 9, 2026, ETF Copilot scores FXZ 3.9 out of 10 — highest on Growth (4.7), lowest on Risk (2.2). It trades at 19.3 times earnings, against its own median of 14.5. Its ten largest holdings are 44% of the fund.
What stands out in FXZ's data
U.S. basic materials firms, selected through a value-oriented screen.
Trades at a discount to the typical materials fund — cheaper entry for the same sector exposure.
Its trailing EBITDA multiple of 11.0x sits below the category median of 13.2x. Holdings 40 names, keeping the portfolio focused.
A value tilt on materials, built for portfolios that want a focused sector bet.
How is FXZ rated? ETF Copilot scores First Trust Materials AlphaDEX Fund (FXZ) 3.9 out of 10
As of October 9, 2026, ETF Copilot scores First Trust Materials AlphaDEX Fund (FXZ) 3.9 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 3.9 / 10
- Growth: 4.7 / 10
- Value: 3.0 / 10
- Risk: 2.2 / 10
- Quality: 4.6 / 10
- Return: 4.4 / 10
Is FXZ expensive right now? It trades at 19.3 times earnings, against its own median of 14.5
As of October 9, 2026, FXZ is more expensive than 77% of its own last 9 years.
Trailing 12 months, built from FXZ's holdings. How we calculate this →
What's inside FXZ?
What's inside FXZ: Size (Large 32%, Mid 62%, Small 6%); Geography (International 9%, US 91%).
What are FXZ's top holdings? The ten largest are 44% of the fund
Steel Dynamics, Aura Minerals, Alcoa, Newmont, CF Industries, Southern Copper, Anglogold Ashanti, Nucor, Olin and Newmarket are FXZ's largest holdings, in that order.
Less concentrated than 55% of Industrials & Materials ETFs.
Half of FXZ's weight sits in its 12 largest positions, and once those weights are taken into account it behaves like 31 equally weighted holdings.
What is FXZ's expense ratio? 0.64% a year
As of October 9, 2026, FXZ charges 0.64% a year, yields 1.32% and holds $369M in assets across 40 positions.
| Measure | FXZ |
|---|---|
| Expense ratio | 0.64% |
| Dividend yield | 1.32% |
| Assets under management | $369M |
| Holdings | 40 |
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 Materials AlphaDEX Fund (FXZ) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/fxz
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