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FNX - ETF AI Analysis
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First Trust Mid Cap Core AlphaDEX Fund (FNX)
Rating:69Neutral
Price Target:―
Positive Factors
Broad Sector Diversification
The fund spreads its investments across many different sectors, which can help reduce the impact if any one industry struggles.
Strong Recent Performance
The ETF has shown solid gains over the past month, three months, and year-to-date, indicating positive recent momentum.
Multiple Strong-Performing Top Holdings
Several of the largest positions, such as Bloom Energy, Hecla Mining, and AST SpaceMobile, have delivered strong year-to-date performance that supports the fund’s overall returns.
Negative Factors
High Expense Ratio
The fund’s expense ratio is relatively high for an ETF, which means more of the returns are eaten up by fees each year.
Heavy U.S. Concentration
With almost all assets invested in U.S. companies, the fund offers very limited geographic diversification and is heavily tied to the U.S. market.
Exposure to Volatile Mid-Cap Names
Many of the top holdings are mid-sized companies in cyclical or specialized industries, which can experience larger price swings than more stable large-cap stocks.
FNX vs. SPDR S&P 500 ETF (SPY)
AUM1.20B
RegionNorth America
Expense Ratio0.62%
Beta0.97
IssuerFirst Trust
Inception DateMay 08, 2007
Dividend Yield0.87%
Asset ClassEquity
Index TrackedNASDAQ AlphaDEX Mid Cap Core Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume32,101
30 Day Avg. Volume25,303
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
154.57Price 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 ETF that follows the NASDAQ AlphaDEX Mid Cap Core Index, focusing on medium‑sized U.S. companies. It uses a rules-based approach to pick stocks it believes have strong growth or value potential. The fund is spread across many sectors, including industrials, financials, consumer companies, and technology. Well-known names in the fund include CarMax and Alcoa. Someone might invest in FNX to diversify beyond large, well-known giants and tap into the growth potential of mid-sized businesses. A key risk is that mid-cap stocks can be more volatile and can go up and down sharply 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 industrial and tech names, and that’s where much of the action is. Ciena, Lumentum, and TTM Technologies have been rising, helped by solid earnings and momentum in networking and electronics, giving the fund a helpful tailwind. Industrial players like Oshkosh and Primoris are also pulling their weight, adding a steadier, cash-flow-driven boost. Bloom Energy, while not collapsing, looks more mixed and can wobble at times, keeping some pressure on returns. Overall, performance is driven by a diversified but tech-tilted U.S. mid-cap mix.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Bloom Energy | 0.66% | $7.86M | $43.35B | 531.43% | 62 Neutral | |
| Lumentum Holdings | 0.62% | $7.46M | $44.45B | 878.62% | 61 Neutral | |
| Ciena | 0.53% | $6.38M | $47.71B | 428.48% | 70 Outperform | |
| Ovintiv | 0.52% | $6.24M | C$21.49B | 36.52% | 60 Neutral | |
| APA | 0.52% | $6.23M | $12.18B | 75.78% | 73 Outperform | |
| Bunge Global | 0.52% | $6.19M | $24.14B | 68.83% | 66 Neutral | |
| Permian Resources | 0.51% | $6.10M | $16.18B | 41.97% | 81 Outperform | |
| California Resources Corp | 0.51% | $6.08M | $5.45B | 40.99% | 71 Outperform | |
| Nextpower Inc | 0.51% | $6.07M | $17.76B | 170.01% | 78 Outperform | |
| Magnolia Oil & Gas | 0.50% | $5.96M | $5.50B | 26.77% | 65 Neutral |
FNX Technical Analysis
Negative
―
Price Trends
133.64
Negative
129.25
Negative
124.12
Positive
Market Momentum
-1.69
Positive
29.71
Positive
15.32
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FNX, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 133.83, equal to the 50-day MA of 133.64, and equal to the 200-day MA of 124.12, indicating a neutral trend. The MACD of -1.69 indicates Positive momentum. The RSI at 29.71 is Positive, neither overbought nor oversold. The STOCH value of 15.32 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FNX.
FNX Peer Comparison
Comparison Results
Performance Comparison
FNX
First Trust Mid Cap Core AlphaDEX Fund
127.89
19.31
17.78%
FMDE
Fidelity Enhanced Mid Cap ETF
―
―
―
XMMO
Invesco S&P MidCap Momentum ETF
―
―
―
JHMM
John Hancock Multifactor Mid Cap ETF
―
―
―
XMHQ
Invesco S&P MidCap Quality ETF
―
―
―
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.
Disclaimer
This 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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