First Trust Technology AlphaDEX Fund (FXL) belongs to the Technology Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FXL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FXL
FXL charges 0.61% annually. There are 104 ETFs in the Technology Equities category with lower expense ratios, going as low as 0.08%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.08% | 121.66B | Dec 1998 | FXL vs XLK | |
| Fidelity MSCI Information Technology Index ETF | 0.08% | 17.89B | Oct 2013 | FXL vs FTEC | |
| Vanguard Information Technology ETF | 0.09% | 144.20B | Mar 2004 | FXL vs VGT | |
| Vanguard Communication Services ETF | 0.10% | 6.30B | Sep 2004 | FXL vs VOX | |
| Vaneck Technology Trusector ETF | 0.13% | 172.62M | Aug 2025 | FXL vs TRUT |
Best Risk-Adjusted Alternatives to FXL
FXL has a PortfoliosLab risk / return rank of 63. There are 64 ETFs in the Technology Equities category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers Semiconductor Select Equity ETF | 97 | 89.58M | Jul 2023 | FXL vs CHPS | |
| First Trust Nasdaq Semiconductor ETF | 97 | 2.52B | Sep 2016 | FXL vs FTXL | |
| VistaShares Artificial Intelligence Supercycle ETF | 97 | 574.75M | Dec 2024 | FXL vs AIS | |
| iShares Semiconductor ETF | 97 | 38.37B | Jul 2001 | FXL vs SOXX | |
| Invesco Next Gen Connectivity ETF | 96 | 163.96M | Jun 2005 | FXL vs KNCT |
Top Performing FXL Alternatives (YTD)
FXL is at 31.98% YTD. There are 70 ETFs in the Technology Equities category with higher YTD returns, going as high as 209.56%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| STMicroelectronics NV ADRhedged | 209.56% | 817.60K | Mar 2025 | FXL vs STHH | |
| Direxion Daily Semiconductors Top 5 Bull 2X Shares | 141.91% | 10.05M | Sep 2025 | FXL vs TSXU | |
| VistaShares Artificial Intelligence Supercycle ETF | 118.61% | 574.75M | Dec 2024 | FXL vs AIS | |
| First Trust Nasdaq Semiconductor ETF | 115.70% | 2.52B | Sep 2016 | FXL vs FTXL | |
| Xtrackers Semiconductor Select Equity ETF | 107.97% | 89.58M | Jul 2023 | FXL vs CHPS |
Lowest Volatility Alternatives to FXL
FXL has 22.42% 1-year volatility. There are 52 ETFs in the Technology Equities category with lower 1-year volatility, going as low as 12.76%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers US National Critical Technologies ETF | 12.76% | 129.97M | Nov 2023 | FXL vs CRTC | |
| Clockwise Core Equity & Innovation ETF | 13.27% | 19.49M | Jan 2022 | FXL vs TIME | |
| Vanguard Communication Services ETF | 15.45% | 6.30B | Sep 2004 | FXL vs VOX | |
| iShares Future Exponential Technologies ETF | 15.99% | 4.07B | Mar 2015 | FXL vs XT | |
| Global X AgTech & Food Innovation ETF | 16.04% | 9.17M | Jul 2021 | FXL vs KROP |
Lowest Drawdown Alternatives to FXL
FXL has a 1-year max drawdown of -13.56%. There are 20 ETFs in the Technology Equities category with shallower 1-year drawdowns, going as shallow as -8.45%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares U.S. Digital Infrastructure and Real Estat... | -8.45% | 450.77M | Jul 2001 | FXL vs IDGT | |
| Xtrackers US National Critical Technologies ETF | -9.05% | 129.97M | Nov 2023 | FXL vs CRTC | |
| ProShares S&P Technology Dividend Aristocrats ETF | -9.55% | 289.74M | Nov 2019 | FXL vs TDV | |
| Invesco Next Gen Connectivity ETF | -9.99% | 163.96M | Jun 2005 | FXL vs KNCT | |
| First Trust IndXX NextG ETF | -10.28% | 589.27M | Feb 2011 | FXL vs NXTG |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 11 categories. AUM among these funds goes as high as $14B.
Often Compared With FXL
Investors most often compare FXL with QQQ, VUG, IYW. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare FXL with Any Fund or Stock
Compare FXL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FXL with funds that move differently
First Trust Technology AlphaDEX Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FXL.
Explore FXL Diversifiers