- ISIN
- US33734X1357
- CUSIP
- 33734X135
- Issuer
- First Trust
- Inception Date
- May 8, 2007
- Region
- North America (U.S.)
- Category
- Financials Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- StrataQuant Financials Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $1B
Share Price Chart
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Performance
FXO Performance Chart
First Trust Financials AlphaDEX Fund (FXO) is up 2.7% since the beginning of the year. FXO is currently trading at $61 per share. Investors who bought $1,000 worth of FXO shares 5 years ago would now be looking at an investment worth $1,607.
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Returns By Period
First Trust Financials AlphaDEX Fund (FXO) has returned 2.70% so far this year and 16.26% over the past 12 months. Over the last ten years, FXO has returned 13.20% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
First Trust Financials AlphaDEX Fund
- 1D
- 0.72%
- 1M
- 3.42%
- YTD
- 2.70%
- 6M
- 0.52%
- 1Y
- 16.26%
- 3Y*
- 21.78%
- 5Y*
- 9.95%
- 10Y*
- 13.20%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FXO Monthly Returns History
Based on dividend-adjusted daily data since May 10, 2007, FXO's average daily return is +0.04%, while the average monthly return is +0.85%. At this rate, an investment would double in approximately 6.8 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2009 with a return of +22.3%, while the worst month was Mar 2020 at -27.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FXO closed higher 52% of trading days. The best single day was Nov 24, 2008 with a return of +17.1%, while the worst single day was Mar 16, 2020 at -12.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.04% | -3.33% | -3.88% | 6.80% | -2.53% | 5.08% | 2.70% | ||||||
| 2025 | 5.21% | -2.18% | -4.42% | -3.98% | 5.95% | 4.40% | 1.73% | 4.14% | 0.40% | -3.22% | 3.36% | 2.17% | 13.59% |
| 2024 | 0.74% | 2.77% | 6.39% | -5.66% | 4.62% | -0.70% | 9.14% | 1.88% | -0.11% | 3.29% | 11.51% | -7.51% | 27.72% |
| 2023 | 10.91% | -2.31% | -15.39% | 0.80% | -6.25% | 7.83% | 10.05% | -4.68% | -3.42% | -4.36% | 10.83% | 8.91% | 9.28% |
| 2022 | -0.22% | 0.17% | -0.40% | -9.58% | 5.16% | -10.58% | 6.82% | -1.73% | -9.02% | 13.12% | 5.57% | -5.98% | -9.24% |
| 2021 | 1.93% | 12.28% | 6.47% | 5.82% | 3.54% | -3.76% | -0.66% | 5.23% | -2.56% | 6.78% | -4.63% | 3.38% | 37.76% |
Benchmark Metrics
First Trust Financials AlphaDEX Fund has an annualized alpha of 0.60%, beta of 1.02, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since May 10, 2007.
- This ETF participated in 110.45% of S&P 500 Index downside but only 109.04% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.02 and R2 of 0.62, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.60%
- Beta
- 1.02
- R²
- 0.62
- Upside Capture
- 109.04%
- Downside Capture
- 110.45%
Expense Ratio
FXO has an expense ratio of 0.62%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FXO ranks 29 for risk / return — below 29% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Trust Financials AlphaDEX Fund (FXO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FXO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 2.78 | -1.39 |
| Martin ratioReturn relative to average drawdown | 4.15 | 12.44 | -8.29 |
Dividends
Dividend History
First Trust Financials AlphaDEX Fund provided a 2.10% dividend yield over the last twelve months, with an annual payout of $1.29 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.29 | $1.07 | $1.07 | $1.29 | $1.02 | $0.88 | $0.89 | $0.58 | $0.70 | $0.51 | $0.37 | $0.35 |
Dividend yield | 2.10% | 1.78% | 1.97% | 2.98% | 2.49% | 1.91% | 2.60% | 1.72% | 2.60% | 1.62% | 1.35% | 1.51% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Financials AlphaDEX Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.47 | $0.00 | $0.00 | $0.00 | $0.47 | ||||||
| 2025 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.36 | $1.07 |
| 2024 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.35 | $1.07 |
| 2023 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.38 | $1.29 |
| 2022 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.37 | $1.02 |
| 2021 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.30 | $0.88 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Financials AlphaDEX Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Financials AlphaDEX Fund was 71.30%, occurring on Mar 6, 2009. Recovery took 1031 trading sessions.
The current First Trust Financials AlphaDEX Fund drawdown is 0.37%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -71.30%Mar 2009 | 1y 8mo | 4y 1mo | 5y 10moJun 2007 - Apr 2013 |
COVID crash2020 | -48.55%Mar 2020 | 1mo 1d | 8mo 16d | 9mo 17dFeb 2020 - Dec 2020 |
2023 bear market2023 | -28.80%May 2023 | 1y 3mo | 10mo 21d | 2y 2moJan 2022 - Mar 2024 |
Rate-hike selloffLate 2018 | -21.48%Dec 2018 | 3mo 4d | 6mo 20d | 9mo 24dSep 2018 - Jul 2019 |
2025 selloff2025 | -21.35%Apr 2025 | 4mo 13d | 4mo 7d | 8mo 20dNov 2024 - Aug 2025 |
Drawdown Indicators
| FXO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.30% | -56.78% | -14.52% |
Max Drawdown (1Y)Largest decline over 1 year | -11.72% | -9.10% | -2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -21.35% | -18.90% | -2.45% |
Max Drawdown (5Y)Largest decline over 5 years | -28.80% | -25.43% | -3.37% |
Max Drawdown (10Y)Largest decline over 10 years | -48.55% | -33.92% | -14.63% |
Current DrawdownCurrent decline from peak | -0.37% | -1.80% | +1.43% |
Average DrawdownAverage peak-to-trough decline | -13.08% | -10.71% | -2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 2.03% | +1.90% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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