FNX - ETF AI Analysis
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First Trust Mid Cap Core AlphaDEX Fund (FNX)
Rating:69Neutral
Price Target:―
Positive Factors
Strong Recent Fund Performance
The ETF has shown solid gains so far this year and over the past month, indicating positive recent momentum.
Broad Sector Diversification
Holdings are spread across many sectors, including financials, industrials, consumer cyclical, technology, and health care, which helps reduce reliance on any single industry.
Multiple Strong-Performing Top Holdings
Several of the largest positions, such as Vicor, ViaSat, Planet Labs, Viavi Solutions, and others, have delivered strong year-to-date performance, supporting the fund’s overall returns.
Negative Factors
High Expense Ratio
The fund’s expense ratio is relatively high for an ETF, which can eat into long-term returns compared with lower-cost alternatives.
Heavy U.S.-Only Exposure
With almost all assets invested in U.S. companies, the ETF offers little geographic diversification and is highly tied to the U.S. market.
Some Lagging Holdings
At least one top holding, such as Urban Outfitters, has shown weak year-to-date performance, which can drag on the fund if the weakness continues.
FNX vs. SPDR S&P 500 ETF (SPY)
AUM1.34B
RegionNorth America
Expense Ratio0.62%
Beta0.93
IssuerFirst Trust
Inception DateMay 08, 2007
Dividend Yield0.83%
Asset ClassEquity
Index TrackedNASDAQ AlphaDEX Mid Cap Core Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume17,913
30 Day Avg. Volume29,070
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
161.71Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering450
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FNX Summary
FNX is an exchange-traded fund (ETF) that follows the NASDAQ AlphaDEX Mid Cap Core Index, focusing on medium‑sized U.S. companies across many sectors like financials, industrials, technology, and consumer brands. It uses a rules-based approach to pick stocks it believes have strong growth or value potential. The fund holds mid-sized names such as Urban Outfitters and ViaSat, giving investors a way to diversify beyond the biggest blue-chip stocks and tap into the growth potential of mid-cap companies. A key risk is that mid-cap stocks can be more volatile than large caps, so the price of FNX can go up and down significantly with the market.
How much will it cost me?The expense ratio for FNX is 0.6%, which means you’ll pay $6 per year for every $1,000 invested. This is higher than average for ETFs because FNX uses an actively managed, rules-based stock selection process to target mid-cap companies with growth and value potential.
What would affect this ETF?The FNX ETF, with its focus on mid-cap U.S. companies, could benefit from economic growth and innovation in sectors like technology, industrials, and consumer cyclical, which make up a significant portion of its holdings. However, it may face challenges from rising interest rates, which can negatively impact financial and real estate sectors, or economic slowdowns that could affect mid-cap companies more than larger, established firms. Regulatory changes or sector-specific disruptions could also influence the performance of its top holdings, such as those in energy or materials.
FNX Top 10 Holdings
FNX is leaning into U.S. mid-cap industrials and tech, with names like Sterling Infrastructure and TTM Technologies doing much of the heavy lifting as their shares keep rising on solid growth stories. DigitalOcean and Vicor are also climbing, but their rich valuations mean the ride could be bumpy. Viavi and Planet Labs add a satellite and networking twist, showing strong momentum but still wrestling with profitability. Overall, the fund feels like a diversified U.S. mid-cap toolbox, but with a noticeable tilt toward tech-driven, infrastructure-focused climbers rather than sleepy stalwarts.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Sterling Infrastructure | 0.72% | $9.78M | $26.87B | 350.76% | 71 Outperform | |
| Sanmina-Sci | 0.72% | $9.77M | $14.92B | 215.74% | 79 Outperform | |
| Vicor | 0.70% | $9.41M | $15.18B | 658.60% | 73 Outperform | |
| DigitalOcean Holdings | 0.68% | $9.18M | $18.06B | 475.56% | 73 Outperform | |
| TTM Technologies | 0.62% | $8.39M | $18.65B | 454.55% | 77 Outperform | |
| Planet Labs PBC | 0.58% | $7.83M | $17.14B | 1152.34% | 57 Neutral | |
| Viavi Solutions | 0.54% | $7.23M | $12.96B | 468.60% | 71 Outperform | |
| ViaSat | 0.53% | $7.21M | $9.92B | 716.76% | 56 Neutral | |
| IES Holdings | 0.50% | $6.73M | $14.04B | 159.34% | 76 Outperform | |
| Skyworks Solutions | 0.50% | $6.72M | $11.90B | 11.39% | 70 Outperform |
FNX Technical Analysis
Positive
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Price Trends
136.01
Positive
134.49
Positive
129.54
Positive
Market Momentum
1.29
Negative
61.30
Neutral
81.33
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FNX, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 138.80, equal to the 50-day MA of 136.01, and equal to the 200-day MA of 129.54, indicating a bullish trend. The MACD of 1.29 indicates Negative momentum. The RSI at 61.30 is Neutral, neither overbought nor oversold. The STOCH value of 81.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FNX.
FNX Peer Comparison
Comparison Results
Performance Comparison
FNX
First Trust Mid Cap Core AlphaDEX Fund
141.53
31.04
28.09%
XMMO
Invesco S&P MidCap Momentum ETF
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FMDE
Fidelity Enhanced Mid Cap ETF
―
―
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JHMM
John Hancock Multifactor Mid Cap ETF
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―
―
XMHQ
Invesco S&P MidCap Quality ETF
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―
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DON
WisdomTree U.S. MidCap Dividend Fund
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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