FXL Alternatives & Similar ETFs

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 102 ETFs in the Technology Equities category with lower expense ratios, going as low as 0.08%.

Symbol	Name	Expense Ratio	AUM	Inception
FTEC	Fidelity MSCI Information Technology Index ETF	0.08%	21.38B	Oct 2013	FXL vs FTEC
XLK	State Street Technology Select Sector SPDR ETF	0.08%	130.33B	Dec 1998	FXL vs XLK
VGT	Vanguard Information Technology ETF	0.09%	170.10B	Mar 2004	FXL vs VGT
TRUT	Vaneck Technology Trusector ETF	0.13%	160.81M	Aug 2025	FXL vs TRUT
CHPS	Xtrackers Semiconductor Select Equity ETF	0.15%	115.48M	Jul 2023	FXL vs CHPS

Best Risk-Adjusted Alternatives to FXL

FXL has a PortfoliosLab risk / return rank of 49. There are 64 ETFs in the Technology Equities category with higher risk-adjusted ranks, going as high as 96.

Symbol	Name	Risk / Return Rank	AUM	Inception
CHPS	Xtrackers Semiconductor Select Equity ETF	96	115.48M	Jul 2023	FXL vs CHPS
FTXL	First Trust Nasdaq Semiconductor ETF	96	2.89B	Sep 2016	FXL vs FTXL
AIS	VistaShares Artificial Intelligence Supercycle ETF	96	574.75M	Dec 2024	FXL vs AIS
PSI	Invesco Semiconductors ETF	96	2.92B	Jun 2005	FXL vs PSI
SOXX	iShares Semiconductor ETF	95	46.67B	Jul 2001	FXL vs SOXX

Top Performing FXL Alternatives (YTD)

FXL is at 23.89% YTD. There are 67 ETFs in the Technology Equities category with higher YTD returns, going as high as 187.72%.

Symbol	Name	YTD Return	AUM	Inception
STHH	STMicroelectronics NV ADRhedged	187.72%	7.89M	Mar 2025	FXL vs STHH
PSI	Invesco Semiconductors ETF	116.16%	2.92B	Jun 2005	FXL vs PSI
TSXU	Direxion Daily Semiconductors Top 5 Bull 2X Shares	113.38%	17.13M	Sep 2025	FXL vs TSXU
AIS	VistaShares Artificial Intelligence Supercycle ETF	113.37%	574.75M	Dec 2024	FXL vs AIS
FTXL	First Trust Nasdaq Semiconductor ETF	111.02%	2.89B	Sep 2016	FXL vs FTXL

Lowest Volatility Alternatives to FXL

FXL has 24.24% 1-year volatility. There are 51 ETFs in the Technology Equities category with lower 1-year volatility, going as low as 13.55%.

Symbol	Name	Volatility 1Y	AUM	Inception
CRTC	Xtrackers US National Critical Technologies ETF	13.55%	128.06M	Nov 2023	FXL vs CRTC
TIME	Clockwise Core Equity & Innovation ETF	13.98%	19.49M	Jan 2022	FXL vs TIME
KROP	Global X AgTech & Food Innovation ETF	16.19%	9.03M	Jul 2021	FXL vs KROP
GINN	Goldman Sachs ETF Trust Goldman Sachs Innovate Equ...	16.57%	205.59M	Nov 2020	FXL vs GINN
XT	iShares Future Exponential Technologies ETF	17.32%	3.95B	Mar 2015	FXL vs XT

Lowest Drawdown Alternatives to FXL

FXL has a 1-year max drawdown of -13.56%. There are 19 ETFs in the Technology Equities category with shallower 1-year drawdowns, going as shallow as -9.02%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
IDGT	iShares U.S. Digital Infrastructure and Real Estat...	-9.02%	452.26M	Jul 2001	FXL vs IDGT
CRTC	Xtrackers US National Critical Technologies ETF	-9.05%	128.06M	Nov 2023	FXL vs CRTC
GGTL	Gabelli Global Technology Leaders ETF	-9.20%	7.50M	Jan 2022	FXL vs GGTL
TDV	ProShares S&P Technology Dividend Aristocrats ETF	-9.55%	285.24M	Nov 2019	FXL vs TDV
XT	iShares Future Exponential Technologies ETF	-10.45%	3.95B	Mar 2015	FXL vs XT

Other ETFs from First Trust

The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 13 categories. AUM among these funds goes as high as $14B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CIBR	First Trust NASDAQ Cybersecurity ETF	Cybersecurity, Technology Equities	18	18.06%	13.59B	Jul 2015	FXL vs CIBR
GRID	First Trust NASDAQ Clean Edge Smart Grid Infrastru...	Alternative Energy Equities	65	23.40%	11.60B	Nov 2009	FXL vs GRID
NFTY	First Trust India NIFTY 50 Equal Weight ETF	Asia Pacific Equities, Equal Weight	5	-7.30%	136.58M	Feb 2012	FXL vs NFTY
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	79	31.81%	11.14B	Mar 2014	FXL vs AIRR
FDL	First Trust Morningstar Dividend Leaders Index Fun...	Large Cap Value Equities, Dividend	69	12.67%	9.22B	Mar 2006	FXL vs FDL
IGLD	FT Vest Gold Strategy Target Income ETF	Gold, Derivative Income, Precious Metals	18	-5.55%	543.16M	Mar 2021	FXL vs IGLD
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	53	19.03%	4.90B	Aug 2012	FXL vs TDIV
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities	78	37.20%	880.41M	Feb 2007	FXL vs QCLN
KNG	FT Vest S&P 500 Dividend Aristocrats Target Income...	Dividend, S&P 500	27	4.84%	3.32B	Mar 2018	FXL vs KNG
ROBT	First Trust Nasdaq Artificial Intelligence & Robot...	Technology Equities, Robotics	20	3.51%	784.37M	Feb 2018	FXL vs ROBT

Often Compared With FXL

Investors most often compare FXL with QQQ, VUG, IYW. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QQQ	Invesco QQQ ETF	Nasdaq-100	59	16.45%	493.17B	Mar 1999	FXL vs QQQ
VUG	Vanguard Growth ETF	Large Cap Growth Equities	31	3.52%	393.80B	Jan 2004	FXL vs VUG
IYW	iShares U.S. Technology ETF	Technology Equities	59	21.96%	25.44B	May 2000	FXL vs IYW
QQQM	Invesco NASDAQ 100 ETF	Nasdaq-100	60	16.48%	101.29B	Oct 2020	FXL vs QQQM
VOO	Vanguard S&P 500 ETF	S&P 500	59	8.19%	1.70T	Sep 2010	FXL vs VOO
QTEC	First Trust NASDAQ-100 Technology Sector Index Fun...	Nasdaq-100, Technology Equities	66	38.99%	4.61B	Apr 2006	FXL vs QTEC
SMH	VanEck Semiconductor ETF	Semiconductors, Technology Equities	94	72.73%	84.54B	Dec 2011	FXL vs SMH
VTI	Vanguard Total Stock Market ETF	Large Cap Blend Equities	59	8.82%	2.30T	May 2001	FXL vs VTI
TCHP	T. Rowe Price Blue Chip Growth ETF	Large Cap Growth Equities	21	-1.72%	2.16B	Aug 2020	FXL vs TCHP
PTF	Invesco Dorsey Wright Technology Momentum ETF	Momentum, Technology Equities	76	69.43%	851.02M	Oct 2006	FXL vs PTF
SPMO	Invesco S&P 500 Momentum ETF	Momentum, S&P 500	68	29.91%	21.99B	Oct 2015	FXL vs SPMO
VXUS	Vanguard Total International Stock ETF	Global Equities	55	12.51%	652.30B	Jan 2011	FXL vs VXUS
SCHB	Schwab U.S. Broad Market ETF	Large Cap Blend Equities	59	8.88%	43.10B	Nov 2009	FXL vs SCHB
MSDD	GraniteShares 2x Short MSTR Daily ETF	Inverse Equities	24	-48.72%	1.91M	Jun 2025	FXL vs MSDD
IVV	iShares Core S&P 500 ETF	S&P 500	59	8.20%	837.93B	May 2000	FXL vs IVV
CHAT	Roundhill Generative AI & Technology ETF	Technology Equities	89	63.45%	2.01B	May 2023	FXL vs CHAT
TCAI	Tortoise AI Infrastructure ETF	Technology Equities	—	86.83%	169.58M	Aug 2025	FXL vs TCAI
KNCT	Invesco Next Gen Connectivity ETF	Technology Equities	93	54.15%	176.09M	Jun 2005	FXL vs KNCT
FEPI	REX FANG & Innovation Equity Premium Income ETF	Derivative Income, Technology Equities	33	3.07%	679.01M	Oct 2023	FXL vs FEPI
XNTK	State Street SPDR NYSE Technology ETF	Technology Equities	71	32.72%	2.22B	Sep 2000	FXL vs XNTK

Compare FXL with Any Fund or Stock

Compare FXL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

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

First Trust Technology AlphaDEX Fund (FXL) Alternatives