FXL vs SPY
Comparison between FIRST TRUST TECHNOLOGY ALPHADEX FUND (FXL, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed FXL, delivering a return of +13.3% compared to +11.4%
FXL vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FXL
$1.30B
Winner
SPY
$652B
Expense Ratio
FXL
0.60%
Winner
SPY
0.09%
Max Drawdown
FXL
61.41%
Winner
SPY
56.47%
Sharpe Ratio
FXL
1.54
Winner
SPY
2.07
5Y Beta
FXL
1.37
Winner
SPY
1.00
P/E Ratio
Winner
FXL
27.70
SPY
28.24
Forward P/E
Winner
FXL
14.73
SPY
21.85
5Y Dividends CAGR
FXL
-17.34%
Winner
SPY
5.43%
5Y EPS CAGR
FXL
21.24%
Winner
SPY
25.79%
Debt to Equity
Winner
FXL
15.44%
SPY
22.35%
P/S Ratio
Winner
FXL
1.36
SPY
3.55
P/B Ratio
Winner
FXL
3.07
SPY
5.29
FXL vs SPY - Holdings Comparison
FXL and SPY have 49 common holdings. Overlap is 13.03%
FXL's top 25 holdings weight is 41.80%. SPY's top 25 holdings weight is 51.32%.
| Rank | FXL | SPY |
|---|---|---|
| #1 | MARVELL TECHNOLOGY INC (MRVL) - 2.28% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | MICRON TECHNOLOGY INC (MU) - 2.20% | APPLE INC (AAPL) - 6.48% |
| #3 | MONOLITHIC POWER SYSTEMS INC (MPWR) - 2.02% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | n/a (DELL) - 1.85% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | JABIL INC (JBL) - 1.83% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | KLA CORP (KLAC) - 1.81% | BROADCOM INC (AVGO) - 3.09% |
| #7 | VERTIV HOLDINGS CO CLASS A (VRT) - 1.79% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | AMKOR TECHNOLOGY INC (AMKR) - 1.78% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | ADVANCED MICRO DEVICES INC (AMD) - 1.78% | TESLA INC (TSLA) - 1.73% |
| #10 | MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC (MTSI) - 1.76% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | LAM RESEARCH CORP (LRCX) - 1.73% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | SKYWORKS SOLUTIONS INC (SWKS) - 1.68% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | ZOOM COMMUNICATIONS INC (ZM) - 1.67% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | RINGCENTRAL INC CLASS A (RNG) - 1.57% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | ONTO INNOVATION INC (ONTO) - 1.54% | WALMART INC (WMT) - 0.91% |
| #16 | GLOBALFOUNDRIES INC (GFS) - 1.50% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | TD SYNNEX CORP (SNX) - 1.48% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | SCIENCE APPLICATIONS INTERNATIONAL CORP (SAIC) - 1.47% | VISA INC CLASS A (V) - 0.85% |
| #19 | UNIVERSAL DISPLAY CORP (OLED) - 1.46% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | CLARIVATE PLC ORDINARY SHARES (CLVT) - 1.46% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | AMDOCS LTD (DOX) - 1.45% | INTEL CORP (INTC) - 0.65% |
| #22 | KBR INC (KBR) - 1.44% | NETFLIX INC (NFLX) - 0.64% |
| #23 | ARROW ELECTRONICS INC (ARW) - 1.44% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | INGRAM MICRO HOLDING CORP (INGM) - 1.43% | CHEVRON CORP (CVX) - 0.58% |
| #25 | LATTICE SEMICONDUCTOR CORP (LSCC) - 1.38% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 105 | 505 |
FXL vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FXL
+17.40%
SPY
+9.11%
3M
Winner
FXL
+16.29%
SPY
+6.59%
6M
Winner
FXL
+17.05%
SPY
+10.56%
1Y
Winner
FXL
+39.42%
SPY
+32.04%
5Y(CAGR)
FXL
+11.39%
Winner
SPY
+13.35%
10Y(CAGR)
Winner
FXL
+20.70%
SPY
+15.49%
Max(CAGR)
Winner
FXL
+13.12%
SPY
+8.50%
FXL vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | FXL | SPY |
|---|---|---|
| 2026 | +16.90% | +8.27% |
| 2025 | +12.98% | +18.00% |
| 2024 | +19.05% | +25.59% |
| 2023 | +40.65% | +26.72% |
| 2022 | -30.11% | -18.64% |
| 2021 | +20.26% | +30.52% |
| 2020 | +51.73% | +17.28% |
| 2019 | +39.55% | +31.09% |
| 2018 | +0.95% | -5.24% |
| 2017 | +35.18% | +20.78% |
| 2016 | +17.44% | +13.59% |
| 2015 | -3.02% | +1.31% |
| 2014 | +17.50% | +14.56% |
| 2013 | +33.71% | +29.00% |
| 2012 | +7.82% | +14.17% |
| 2011 | -12.72% | +0.85% |
| 2010 | +24.42% | +13.14% |
| 2009 | +60.38% | +22.67% |
| 2008 | -47.25% | -36.25% |
| 2007 | +3.84% | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
FXL vs SPY Drawdown Comparison
The maximum drawdown for FXL was -61.41%, occurring on Nov 20, 2008. Recovery took 799 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
| Rank | FXL | SPY |
|---|---|---|
| #1 | -61.41% Oct 10, 2007 - Dec 10, 2010 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -38.49% Nov 9, 2021 - Feb 9, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -33.96% Feb 19, 2020 - May 29, 2020 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -31.96% Feb 17, 2011 - Jul 11, 2013 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -28.27% Feb 18, 2025 - Jul 25, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -25.96% Jun 3, 2015 - Nov 15, 2016 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -25.37% Sep 14, 2018 - Mar 21, 2019 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -15.54% Feb 12, 2021 - Jun 29, 2021 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -14.06% Jul 16, 2024 - Oct 14, 2024 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -13.69% Sep 18, 2014 - Nov 21, 2014 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -13.56% Jan 28, 2026 - Apr 16, 2026 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -11.93% Oct 27, 2025 - Jan 28, 2026 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -11.68% Sep 2, 2020 - Oct 9, 2020 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -11.60% Apr 30, 2019 - Jul 10, 2019 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -10.87% Jul 26, 2019 - Dec 16, 2019 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between FXL and SPY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (1999 - 2026)
FXL vs SPY dividend yield comparison.
| Year | FXL | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 0.01% | 1.07% |
| 2024 | 0.11% | 1.21% |
| 2023 | 0.41% | 1.40% |
| 2022 | 0.34% | 1.65% |
| 2021 | 0.11% | 1.20% |
| 2020 | 0.04% | 1.52% |
| 2019 | 0.37% | 1.75% |
| 2018 | 0.32% | 2.04% |
| 2017 | 0.27% | 1.80% |
| 2016 | 1.12% | 2.03% |
| 2015 | 0.36% | 2.06% |
| 2014 | 0.63% | 1.87% |
| 2013 | 0.32% | 1.81% |
| 2012 | 0.64% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.03% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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