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I initiate coverage of the First Trust Small Cap Core AlphaDEX Fund ETF with a Hold rating, citing quality concerns and weak historical risk metrics. FYX's sophisticated, high-turnover strategy offers a considerable depth of exposure but also fairly weak quality, including a significant allocation to unprofitable, net CFFO-negative names. FYX has trounced IVV this year, yet its annualized active return over May 2016–July 2026 was negative, and the downside capture ratio was almost 116%.
The First Trust Small Cap Core AlphaDEX ETF (FYX) was launched on May 8, 2007, and is a passively managed exchange traded fund designed to offer broad exposure to the Small Cap Blend segment of the US equity market.
Designed to provide broad exposure to the Style Box - Small Cap Blend category of the market, the First Trust Small Cap Core AlphaDEX ETF (FYX) is a smart beta exchange traded fund launched on 05/08/2007.
Looking for broad exposure to the Small Cap Blend segment of the US equity market? You should consider the First Trust Small Cap Core AlphaDEX ETF (FYX), a passively managed exchange traded fund launched on May 8, 2007.
Designed to provide broad exposure to the Style Box - Small Cap Blend category of the market, the First Trust Small Cap Core AlphaDEX ETF (FYX) is a smart beta exchange traded fund launched on 05/08/2007.
The First Trust Small Cap Core AlphaDEX ETF (FYX) was launched on May 8, 2007, and is a passively managed exchange traded fund designed to offer broad exposure to the Small Cap Blend segment of the US equity market.
A smart beta exchange traded fund, the First Trust Small Cap Core AlphaDEX ETF (FYX) debuted on 05/08/2007, and offers broad exposure to the Style Box - Small Cap Blend category of the market.
First Trust Small Cap Core AlphaDEX Fund (NASDAQ: FYX - Get Free Report) was the target of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 56,504 shares, a decline of 12.5% from the January 15th total of 64,608 shares. Based on an average daily