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Upturn AI SWOT - About
First Trust Small Cap Core AlphaDEX® Fund (FYX)
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Upturn Advisory Summary
03/11/2025: FYX (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit -9.21% | Avg. Invested days 45 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/11/2025 |
Key Highlights
Volume (30-day avg) 27601 | Beta 1.17 | 52 Weeks Range 84.76 - 111.22 | Updated Date 04/2/2025 |
52 Weeks Range 84.76 - 111.22 | Updated Date 04/2/2025 |
Upturn AI SWOT
First Trust Small Cap Core AlphaDEX® Fund
ETF Overview
Overview
The First Trust Small Cap Core AlphaDEXu00ae Fund (FYX) seeks investment results that correspond generally to the price and yield of an equity index called the NASDAQ AlphaDEXu00ae Small Cap Core Index. The fund employs a quantitive methodology to select and weight stocks from a broad universe of small-cap companies, aiming to outperform traditional market-cap weighted indexes.
Reputation and Reliability
First Trust is a well-established ETF provider with a history of offering innovative investment solutions.
Management Expertise
First Trust Advisors L.P. has a team of experienced professionals managing the fund with expertise in quantitative investing and ETF management.
Investment Objective
Goal
The fund's goal is to provide investment results that correspond generally to the price and yield of the NASDAQ AlphaDEXu00ae Small Cap Core Index.
Investment Approach and Strategy
Strategy: The fund utilizes the AlphaDEXu00ae methodology, a quantitative process that selects and weights stocks based on growth and value factors.
Composition The fund primarily holds common stocks of small-cap U.S. companies.
Market Position
Market Share: FYX's market share within the small-cap core ETF space is moderate.
Total Net Assets (AUM): 1045000000
Competitors
Key Competitors
- IJR
- VIOV
- SPSM
Competitive Landscape
The small-cap core ETF market is competitive, with several large and established funds. FYX's AlphaDEXu00ae methodology aims to provide an edge over market-cap weighted funds, but its higher expense ratio may be a disadvantage compared to some competitors. However, its distinct strategy and performance are its key advantages.
Financial Performance
Historical Performance: Historical performance data (annualized): 1 Year: 23.11, 3 Years: 8.73, 5 Years: 9.41, 10 Years: 9.96.
Benchmark Comparison: The fund's performance is typically compared to the Russell 2000 Index or the S&P SmallCap 600 Index.
Expense Ratio: 0.6
Liquidity
Average Trading Volume
FYX generally exhibits a moderate average trading volume which is sufficient for most investors.
Bid-Ask Spread
The typical bid-ask spread for FYX is usually tight, indicating reasonable trading costs.
Market Dynamics
Market Environment Factors
Small-cap stocks are influenced by economic growth, interest rates, and investor sentiment towards risk. Sector-specific trends also impact performance.
Growth Trajectory
The fund's growth is dependent on the performance of the underlying small-cap market and the effectiveness of the AlphaDEXu00ae methodology. Changes in factor weightings or index methodology could impact future returns.
Moat and Competitive Advantages
Competitive Edge
FYX's primary competitive advantage lies in its proprietary AlphaDEXu00ae methodology. This quantitative approach selects stocks based on a combination of growth and value factors, aiming to outperform traditional market-cap weighted indexes. This differentiated investment strategy and approach may appeal to investors seeking an active tilt within the small-cap space. However, this active selection and weighting process results in a higher expense ratio.
Risk Analysis
Volatility
Small-cap stocks are generally more volatile than large-cap stocks, and FYX is expected to reflect that volatility.
Market Risk
The fund is subject to market risk, including the risk of declines in the overall stock market. Specific risks associated with small-cap companies include liquidity risk and company-specific factors.
Investor Profile
Ideal Investor Profile
The fund is suitable for investors seeking exposure to small-cap stocks with a potential for outperformance through a quantitative investment strategy.
Market Risk
FYX is suitable for long-term investors who are comfortable with the volatility associated with small-cap investing. It may also be appropriate for investors seeking an active alternative to passive small-cap index funds.
Summary
The First Trust Small Cap Core AlphaDEXu00ae Fund (FYX) offers exposure to small-cap stocks using a quantitative selection process. It aims to outperform traditional market-cap weighted indexes, but its AlphaDEXu00ae methodology and higher expense ratio are key factors to consider. This fund offers investors a way to actively participate in the small cap space. FYX suits investors with a tolerance for small-cap volatility and a belief in quantitative investment strategies.
Similar Companies
- IJR
- VIOV
- SPSM
- SLY
- IWN
Sources and Disclaimers
Data Sources:
- First Trust website
- ETF.com
- Morningstar
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Market share data may vary slightly depending on the source and date of calculation.
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.
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