FXL vs. GXPT

Last updated Jun 25, 2026

FXL (First Trust Technology AlphaDEX Fund) and GXPT (Global X PureCap MSCI Information Technology ETF) are both Technology Equities funds - FXL tracks the StrataQuant Technology Index while GXPT tracks the MSCI USA Information Technology PureCap Index. Both are passively managed. Their correlation of 0.80 suggests significant overlap in exposure. FXL charges 0.61%/yr vs 0.15%/yr for GXPT.

Performance

FXL vs. GXPT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Technology AlphaDEX Fund (FXL) and Global X PureCap MSCI Information Technology ETF (GXPT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FXL achieves a 23.68% return, which is significantly higher than GXPT's 16.02% return.

FXL

• 1D: -0.17%
• 1M: 2.94%
• YTD: 23.68%
• 6M: 21.04%
• 1Y: 34.37%
• 3Y*: 23.68%
• 5Y*: 11.18%
• 10Y*: 20.78%

GXPT

• 1D: -0.72%
• 1M: -1.67%
• YTD: 16.02%
• 6M: 14.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FXL vs. GXPT - Yearly Performance Comparison

	2026 (YTD)	2025
FXL First Trust Technology AlphaDEX Fund	23.68%	5.97%
GXPT Global X PureCap MSCI Information Technology ETF	16.02%	11.47%

Correlation

The correlation between FXL and GXPT is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.80

Return for Risk

FXL vs. GXPT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FXL

FXL Risk / Return Rank: 48
FXL Sharpe Ratio Rank: 46
FXL Sortino Ratio Rank: 42
FXL Omega Ratio Rank: 41
FXL Calmar Ratio Rank: 58
FXL Martin Ratio Rank: 52

GXPT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FXL vs. GXPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Technology AlphaDEX Fund (FXL) and Global X PureCap MSCI Information Technology ETF (GXPT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	FXL	GXPT	Difference
Sharpe ratio: Return per unit of total volatility	1.43	—	—
Sortino ratio: Return per unit of downside risk	1.94	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	2.55	—	—
Martin ratio: Return relative to average drawdown	8.04	—	—

Drawdowns

FXL vs. GXPT - Drawdown Comparison

The maximum FXL drawdown since its inception was -61.41%, which is greater than GXPT's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for FXL and GXPT.

Drawdown Indicators

	FXL	GXPT	Difference
Max Drawdown Largest peak-to-trough decline	-61.41%	-18.74%	-42.67%
Max Drawdown (1Y) Largest decline over 1 year	-13.56%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-28.27%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.49%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.49%	—	—
Current Drawdown Current decline from peak	-7.11%	-9.37%	+2.26%
Average Drawdown Average peak-to-trough decline	-11.35%	-5.06%	-6.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.29%	—	—

Volatility

Volatility by Period

	FXL	GXPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.54%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.23%	22.88%	+1.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.48%	22.88%	+2.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.42%	22.88%	+2.54%

FXL vs. GXPT - Expense Ratio Comparison

FXL has a 0.61% expense ratio, which is higher than GXPT's 0.15% expense ratio.

Dividends

FXL vs. GXPT - Dividend Comparison

FXL has not paid dividends to shareholders, while GXPT's dividend yield for the trailing twelve months is around 0.12%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXL First Trust Technology AlphaDEX Fund	0.00%	0.01%	0.11%	0.41%	0.34%	0.11%	0.04%	0.37%	0.32%	0.27%	1.12%	0.36%
GXPT Global X PureCap MSCI Information Technology ETF	0.12%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FXL and GXPT in my portfolio?

FXL and GXPT have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FXL or GXPT?

On fees, GXPT is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FXL or GXPT?

GXPT is cheaper with a 0.15% expense ratio, compared with 0.61% for FXL.

Which ETF pays a higher dividend yield, FXL or GXPT?

GXPT has the higher dividend yield at 0.12%, compared with 0.00% for FXL.

What is the main difference between FXL and GXPT?

FXL tracks StrataQuant Technology Index, while GXPT tracks MSCI USA Information Technology PureCap Index. They also come from different issuers: First Trust and Global X. Their fees differ too: 0.61% for FXL and 0.15% for GXPT.