First Trust Energy AlphaDEX Fund (FXN) belongs to the Energy Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FXN. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FXN
FXN charges 0.64% annually. There are 58 ETFs in the Energy Equities category with lower expense ratios, going as low as 0.08%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.08% | 38.64B | Dec 1998 | FXN vs XLE | |
| Fidelity MSCI Energy Index ETF | 0.08% | 1.75B | Oct 2013 | FXN vs FENY | |
| Vanguard Energy ETF | 0.09% | 11.00B | Sep 2004 | FXN vs VDE | |
| Portfolio Building Block Integrated Oil & Gas and ... | 0.13% | 416.91M | Nov 2025 | FXN vs PBOG | |
| Global X PureCap MSCI Energy ETF | 0.15% | — | Jul 2025 | FXN vs GXPE |
Best Risk-Adjusted Alternatives to FXN
FXN has a PortfoliosLab risk / return rank of 76. There are 23 ETFs in the Energy Equities category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| VanEck Oil Refiners ETF | 95 | 251.28M | Aug 2015 | FXN vs CRAK | |
| FT Energy Income Partners Strategy ETF | 93 | 563.46M | Nov 2022 | FXN vs EIPX | |
| Invesco Dynamic Oil & Gas Services ETF | 92 | 61.59M | Oct 2005 | FXN vs PXJ | |
| VanEck Natural Resources ETF | 90 | 301.41M | Aug 2008 | FXN vs HAP | |
| State Street Energy Select Sector SPDR Premium Inc... | 89 | 47.69M | Jul 2025 | FXN vs XLEI |
Top Performing FXN Alternatives (YTD)
FXN is at 34.12% YTD. There are 15 ETFs in the Energy Equities category with higher YTD returns, going as high as 87.02%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| MicroSectors Oil & Gas Exploration & Production 3X... | 87.02% | 65.33M | Nov 2021 | FXN vs OILU | |
| Direxion Daily Energy Bull 2X Shares | 66.56% | 228.84M | Nov 2008 | FXN vs ERX | |
| Direxion Daily Energy Top 5 Bull 2X ETF | 57.63% | 2.82M | Oct 2025 | FXN vs TEXU | |
| WEBs Energy XLE Defined Volatility ETF | 46.78% | — | Jul 2025 | FXN vs DVXE | |
| Invesco Dynamic Oil & Gas Services ETF | 45.40% | 61.59M | Oct 2005 | FXN vs PXJ |
Lowest Volatility Alternatives to FXN
FXN has 23.15% 1-year volatility. There are 47 ETFs in the Energy Equities category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Global X Solar ETF | 0.00% | 5.05M | Sep 2021 | FXN vs RAYS | |
| Macquarie Global Listed Infrastructure ETF | 10.98% | 6.30M | Nov 2023 | FXN vs BILD | |
| FT Energy Income Partners Strategy ETF | 11.41% | 563.46M | Nov 2022 | FXN vs EIPX | |
| Bny Mellon Global Infrastructure Income ETF | 11.60% | 1.31B | Nov 2022 | FXN vs BKGI | |
| Westwood Salient Enhanced Midstream Income ETF | 12.05% | 152.76M | Apr 2024 | FXN vs MDST |
Lowest Drawdown Alternatives to FXN
FXN has a 1-year max drawdown of -13.41%. There are 25 ETFs in the Energy Equities category with shallower 1-year drawdowns, going as shallow as -5.17%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Energy Income Partners Strategy ETF | -5.17% | 563.46M | Nov 2022 | FXN vs EIPX | |
| Westwood Salient Enhanced Midstream Income ETF | -5.98% | 152.76M | Apr 2024 | FXN vs MDST | |
| Macquarie Global Listed Infrastructure ETF | -6.05% | 6.30M | Nov 2023 | FXN vs BILD | |
| Bny Mellon Global Infrastructure Income ETF | -6.16% | 1.31B | Nov 2022 | FXN vs BKGI | |
| Tortoise Electrification Infrastructure ETF | -6.63% | 129.10M | Dec 2024 | FXN vs TPZ |
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 FXN
Investors most often compare FXN with TAN, VCLN, XLC. These 20 comparison targets span 16 categories, based on PortfoliosLab usage data.
Compare FXN with Any Fund or Stock
Compare FXN with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FXN with funds that move differently
First Trust Energy AlphaDEX Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FXN.
Explore FXN Diversifiers