FYX ETF ANALYSIS

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FYX ETF FUNDAMENTALS
FYX ETF PERFORMANCE

FYX ISSUER

The First Trust Small Cap Core AlphaDEX Fund (FYX) is a prominent ETF managed by First Trust Advisors, known for its innovative approach to index investing. The fund employs an AlphaDEX® selection methodology, developed and sponsored by Nasdaq, Inc., to target small-cap US companies. By combining growth and value factors and selecting stocks based on their potential to generate positive alpha, FYX seeks to offer investors the opportunity for risk-adjusted outperformance in the small-cap segment of the market. First Trust Advisors' commitment to unique index methodologies sets FYX apart as a distinct investment vehicle.

FYX DIVIDEND

The First Trust Small Cap Core AlphaDEX Fund (FYX) aims to deliver investment results corresponding to the performance of the NASDAQ AlphaDEX Small Cap Core Index. While dividends may not be the primary focus of FYX, the ETF may still provide dividend distributions to investors based on the underlying index's constituents. These distributions could vary based on the dividend policies and performance of the individual small-cap companies within the index, offering investors potential capital appreciation alongside some dividend returns.

FYX TRACKING

The First Trust Small Cap Core AlphaDEX Fund (FYX) seeks to closely track the performance of the Nasdaq AlphaDEX Small Cap Core Index. This index selection methodology aims to identify small-cap U.S. stocks within the Nasdaq US 700 Small Cap IndexTM that exhibit potential for positive alpha, or risk-adjusted returns, compared to traditional benchmarks. FYX's strategy involves investing in a diversified portfolio of stocks that align with the index's criteria, making it an attractive option for investors looking to capture potential outperformance within the small-cap segment of the U.S. equity market.

FYX CORRELATION

Understanding the correlation dynamics of the First Trust Small Cap Core AlphaDEX Fund (FYX) is essential for investors seeking insights into its behavior relative to the broader market. FYX's correlation with small-cap U.S. stocks plays a significant role in comprehending its performance patterns and potential diversification benefits. To delve deeper into FYX's correlations with various assets and sectors, investors can utilize the ETF Insider web app. This tool offers an intuitive visualization interface to explore correlations and overlaps, providing valuable information for informed decision-making and portfolio management strategies.FYX Sector

FYX SECTOR

The First Trust Small Cap Core AlphaDEX Fund (FYX) primarily focuses on the small-cap sector of the market. This sector encompasses smaller companies with substantial growth potential. FYX's investment approach seeks to generate positive risk-adjusted returns relative to traditional indices by utilizing the AlphaDEX® selection methodology, offering investors an opportunity to tap into the growth potential of small-cap stocks in the U.S. market.FYX Exposure

FYX EXPOSURE

The First Trust Small Cap Core AlphaDEX Fund (FYX) presents exposure to the dynamic realm of small-cap U.S. equities. With a focus on delivering performance that potentially outperforms traditional benchmarks, FYX mirrors the Nasdaq US 700 Small Cap IndexTM using the innovative AlphaDEX® selection methodology. By honing in on growth and value factors and applying rigorous security selection criteria, FYX provides investors access to a diverse group of small-cap stocks that may generate positive alpha and contribute to a balanced investment portfolio. To explore and uncover the exposure of FYX and other U.S. ETFs, the ETF Insider web app offers a powerful tool for visualizing data, uncovering overlaps, and understanding correlations to make informed investment decisions.

ETF Insider is a data-driven portfolio analytics and optimization platform that introduces a more efficient and practical way to visualize, analyze and optimize portfolios.

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BLOG ARTICLES

What is the  FYX ETF ?
Blog book icon3 min read
By Ron Koren ETF Insider

What is the FYX ETF ?

The FYX ETF, or "First Trust Small Cap Core AlphaDEX ETF," is a specialized investment fund designed to provide exposure to small-cap stocks with strong growth potential. This article delves into the details of the FYX ETF, examining its unique strategy of using a proprietary AlphaDEX methodology to select and weight stocks, making it an intriguing option for investors seeking opportunities in the dynamic world of small-cap equities. Whether you're a seasoned investor or a newcomer to the market, understanding the FYX ETF can offer valuable insights into the potential rewards and risks of investing in small-cap companies.

What is the  SFYX ETF ?
Blog book icon6 min read
By Ron Koren ETF Insider

What is the SFYX ETF ?

"Discovering ETFs: Unveiling the SFYX ETF - A Comprehensive Overview" This article provides a general introduction to Exchange-Traded Funds (ETFs) while specifically highlighting the SFYX ETF, offering readers a comprehensive overview of its features and potential benefits.

What is the  TPHE ETF ?
Blog book icon5 min read
By Ron Koren ETF Insider

What is the TPHE ETF ?

The TPHE ETF (Tech Powerhouses and Emerging Technologies ETF) is an investment fund designed to capture the growth potential of established tech giants and promising emerging technology companies. This ETF offers investors exposure to a diverse range of industries, including artificial intelligence, cybersecurity, cloud computing, and biotechnology, providing a balanced approach to capitalizing on the tech sector's dynamic advancements. With technology playing an increasingly integral role in various aspects of modern life, the TPHE ETF presents an appealing option for those looking to invest in the forefront of technological innovation.

FREQUENTLY ASKED QUESTIONS

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