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 105 ETFs in the Technology Equities category with lower expense ratios, going as low as 0.08%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | 0.08% | 20.96B | Oct 2013 | FXL vs FTEC | |
| State Street Technology Select Sector SPDR ETF | 0.08% | 115.56B | Dec 1998 | FXL vs XLK | |
| Vanguard Information Technology ETF | 0.09% | 169.20B | Mar 2004 | FXL vs VGT | |
| Vaneck Technology Trusector ETF | 0.13% | 180.42M | Aug 2025 | FXL vs TRUT | |
| Global X PureCap MSCI Information Technology ETF | 0.15% | — | Jul 2025 | FXL vs GXPT |
Best Risk-Adjusted Alternatives to FXL
FXL has a PortfoliosLab risk / return rank of 40. There are 67 ETFs in the Technology Equities category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ASML Holding NV ADR Hedged ETF | 94 | 2.83M | Mar 2025 | FXL vs ASMH | |
| Xtrackers Semiconductor Select Equity ETF | 92 | 97.12M | Jul 2023 | FXL vs CHPS | |
| T-Rex 2X Long Alphabet Daily Target ETF | 91 | 44.75M | Jan 2024 | FXL vs GOOX | |
| First Trust Nasdaq Semiconductor ETF | 91 | 1.27B | Sep 2016 | FXL vs FTXL | |
| iShares Semiconductor ETF | 90 | 44.69B | Jul 2001 | FXL vs SOXX |
Top Performing FXL Alternatives (YTD)
FXL is at 18.85% YTD. There are 71 ETFs in the Technology Equities category with higher YTD returns, going as high as 108.31%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| STMicroelectronics NV ADRhedged | 108.31% | 7.89M | Mar 2025 | FXL vs STHH | |
| Direxion Daily Semiconductors Top 5 Bull 2X Shares | 78.79% | 12.88M | Sep 2025 | FXL vs TSXU | |
| Invesco Semiconductors ETF | 73.04% | 2.34B | Jun 2005 | FXL vs PSI | |
| VistaShares Artificial Intelligence Supercycle ETF | 68.71% | 921.07M | Dec 2024 | FXL vs AIS | |
| Xtrackers Semiconductor Select Equity ETF | 68.49% | 97.12M | Jul 2023 | FXL vs CHPS |
Lowest Volatility Alternatives to FXL
FXL has 25.76% 1-year volatility. There are 54 ETFs in the Technology Equities category with lower 1-year volatility, going as low as 13.91%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers US National Critical Technologies ETF | 13.91% | 133.23M | Nov 2023 | FXL vs CRTC | |
| Clockwise U.S. Core Equity ETF | 14.19% | 19.49M | Jan 2022 | FXL vs TIME | |
| Global X AgTech & Food Innovation ETF | 16.50% | 9.18M | Jul 2021 | FXL vs KROP | |
| Goldman Sachs ETF Trust Goldman Sachs Innovate Equ... | 16.66% | 204.29M | Nov 2020 | FXL vs GINN | |
| iShares Future Exponential Technologies ETF | 17.86% | 3.82B | Mar 2015 | FXL vs XT |
Lowest Drawdown Alternatives to FXL
FXL has a 1-year max drawdown of -15.21%. There are 12 ETFs in the Technology Equities category with shallower 1-year drawdowns, going as shallow as -9.05%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers US National Critical Technologies ETF | -9.05% | 133.23M | Nov 2023 | FXL vs CRTC | |
| ProShares S&P Technology Dividend Aristocrats ETF | -9.55% | 268.42M | Nov 2019 | FXL vs TDV | |
| Global X AgTech & Food Innovation ETF | -9.67% | 9.18M | Jul 2021 | FXL vs KROP | |
| iShares Future Exponential Technologies ETF | -10.45% | 3.82B | Mar 2015 | FXL vs XT | |
| State Street Technology Select Sector SPDR Premium... | -11.21% | 11.77M | Jul 2025 | FXL vs XLKI |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, AIRR and span 16 categories. AUM among these funds goes as high as $25B.
Often Compared With FXL
Investors most often compare FXL with QQQ, VUG, QQQM. These 20 comparison targets span 10 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