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First Trust Small Cap Core AlphaDEX® Fund (FYX)
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Upturn Advisory Summary
11/05/2025: FYX (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 27.26% | Avg. Invested days 64 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  4.0 | ETF Returns Performance  4.0 |
| Profits based on simulation | Last Close 11/05/2025 |
Key Highlights
Volume (30-day avg) - | Beta 1.2 | 52 Weeks Range 77.59 - 111.13 | Updated Date 06/29/2025 |
52 Weeks Range 77.59 - 111.13 | Updated Date 06/29/2025 |
Upturn AI SWOT
First Trust Small Cap Core AlphaDEX® Fund
ETF Overview
Overview
The First Trust Small Cap Core AlphaDEXu00ae Fund (FYX) is an ETF that seeks investment results that correspond to the performance of the NASDAQ AlphaDEXu00ae Small Cap Core Index. It employs an enhanced indexing strategy, selecting and weighting stocks based on growth scores.
Reputation and Reliability
First Trust is a well-established ETF provider with a broad range of investment products. They are known for their AlphaDEXu00ae methodology.
Management Expertise
First Trust has a dedicated team of investment professionals with expertise in quantitative investing and ETF management.
Investment Objective
Goal
To track the NASDAQ AlphaDEXu00ae Small Cap Core Index, which selects and weights securities using growth factors.
Investment Approach and Strategy
Strategy: The fund aims to outperform traditional market-cap weighted indexes by using the AlphaDEXu00ae methodology which ranks and weights stocks based on growth factors like sales to price ratio, price appreciation, and sales growth.
Composition Primarily holds small-cap US stocks selected based on AlphaDEXu00ae methodology. The ETF focuses on companies within the small-cap spectrum that exhibit favorable growth metrics.
Market Position
Market Share: FYX has a moderate market share within the small-cap core ETF segment.
Total Net Assets (AUM): 206500000
Competitors
Key Competitors
- IJR
- VIOV
- SPSM
Competitive Landscape
The small-cap core ETF market is competitive. FYX's AlphaDEXu00ae methodology seeks to offer higher returns compared to broad market ETFs. However, this active approach also results in higher fees compared to passive, market-cap weighted ETFs.
Financial Performance
Historical Performance: Historical performance can vary, depending on the market environment and factor exposures. Refer to official fund documents for specific returns over different time periods.
Benchmark Comparison: The ETF aims to outperform its benchmark index, the NASDAQ AlphaDEXu00ae Small Cap Core Index. Performance is closely tied to the efficacy of the AlphaDEXu00ae methodology.
Expense Ratio: 0.6
Liquidity
Average Trading Volume
The fund's average trading volume is moderate, which may affect trading costs for large orders.
Bid-Ask Spread
The bid-ask spread is typically moderate, indicating reasonable trading costs.
Market Dynamics
Market Environment Factors
Economic growth, interest rates, and investor sentiment towards small-cap stocks influence FYX's performance. The performance of growth factors also influences its performance.
Growth Trajectory
FYX's growth is dependent on investor adoption of its AlphaDEXu00ae methodology and the relative performance of small-cap growth stocks. Changes in the fund's holdings reflect periodic rebalancing and re-evaluation of growth factors.
Moat and Competitive Advantages
Competitive Edge
FYX's competitive edge comes from its AlphaDEXu00ae methodology, which selects and weights stocks based on growth factors. This provides a potentially higher-return investment. FYX is actively managed, differentiating it from many passive ETFs. It provides investors exposure to a curated portfolio of small-cap stocks.
Risk Analysis
Volatility
FYX may exhibit higher volatility than broad market ETFs due to its focus on small-cap stocks and its active management strategy.
Market Risk
FYX is subject to market risk, especially risks associated with the small-cap market segment. Changes in economic conditions can significantly impact the value of the fund's holdings.
Investor Profile
Ideal Investor Profile
Investors seeking enhanced returns in the small-cap segment and willing to accept a higher expense ratio due to its active strategy are suitable investors.
Market Risk
FYX is suitable for investors with a medium to long-term investment horizon who are looking to outperform traditional small-cap market indexes. It might be suitable for active traders or investors with a high risk tolerance.
Summary
First Trust Small Cap Core AlphaDEXu00ae Fund (FYX) is an actively managed ETF that seeks to outperform traditional market-cap weighted indexes by utilizing the AlphaDEXu00ae methodology. The fund focuses on small-cap stocks that exhibit favorable growth metrics, offering investors the opportunity for enhanced returns. However, it carries a higher expense ratio compared to passive ETFs and may exhibit higher volatility. Investors seeking potential outperformance in the small-cap segment may find FYX appealing, provided they are comfortable with active management and associated costs.
Similar ETFs
Sources and Disclaimers
Data Sources:
- First Trust Website
- ETF.com
- Morningstar
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Investment decisions should be based on individual risk tolerance and financial circumstances. Market share and AUM data are based on available information and may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About First Trust Small Cap Core AlphaDEX® Fund
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to select stocks from the NASDAQ US 700 Small Cap Index TM (the base index) that may generate positive alpha, or risk-adjusted returns, relative to traditional indices through the use of the AlphaDEX® selection methodology.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.